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24Markets Review: Is 24Markets a Safe Broker for Your Trading?

24Markets is an STP/ECN forex and CFD broker based in South African, founded in 2023. Regulation: FSCA license number 50640 (South African Financial Sector Conduct Authority - FSCA No.50640). This 24Markets review explains its regulation, trading costs, account types, payment methods and bonuses in plain words, so you can decide quickly if it fits your trading.

★ Broker reviewMT5-Web platform / MT5... STP/ECN ✓ Regulated

24Markets at a Glance

A regulated forex and CFD broker with a $5000 minimum deposit, spreads from 0.0 Pips, leverage up to Up to 1:500 and MT5-Web platform / MT5-Android platforms. Hedging, scalping and news trading allowed.

Foundation year
2023
Regulation
FSCA license number 50640 (South African Financial Sector Conduct Authority - FS...
Headquarters
9TH FLOOR, ATRIUM ON 5TH STREET, SANDTON GAUTENG, 2196. South African
Promotion
100% Forex Deposit Bonus
ForexAllBonus score4.0/5★★★★☆ 4 reviews
Min. deposit
$5000
Max leverage
Up to 1:500
Spreads from
0.0 Pips

Trading CFDs carries a high risk of losing money.

24Markets Broker Overview

By ForexAllBonus Editorial Team· 8 min read· Fact-checked against broker data

Here is every key fact about 24Markets in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.

24Markets key facts
Feature24Markets
Broker name24Markets
Foundation year2023
Headquarters9TH FLOOR, ATRIUM ON 5TH STREET, SANDTON GAUTENG, 2196. South African
CountrySouth African
Telephone+27 101 577 500
Email / Skypesupport@24markets.com
Fax+27 101 577 500
Regulated byFSCA license number 50640 (South African Financial Sector Conduct Authority - FSCA No.50640)
Type of brokerSTP/ECN
Min. deposit$5000
Max leverageUp to 1:500
Min. spreads0.0 Pips
Funding methodsWire Transfer, Credit Card, Debit Card, Crypto, Moneybookers, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, POLi, Sticpay, VLoad
Withdrawal methodsWire Transfer, Credit Card, Debit Card, Crypto, Moneybookers, Perfect Money, WebMoney, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, POLi, Sticpay, VLoad
Base currenciesEUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP and more
LanguagesEnglish
Trading platformsMT5-Web platform, MT5-Android, MT5-Windows, MT5-Mac OS
Tradable instrumentsForeign Exchange, Commodities, Indices, Share CFDs, Futures, CFDs, Cryptocurrencies
Web trading✓ Yes
Mobile trading✓ Yes
News trading✓ Yes
Hedging & scalping✓ Yes
Free demo account✓ Yes
Mini accounts✓ Yes
VIP accounts✓ Yes
Managed accounts✓ Yes
Segregated accounts✓ Yes
Islamic accounts✓ Yes
Swap free accounts✓ Yes
No deposit bonus✗ No
Promotion100% Forex Deposit Bonus

In simple words: traders get MT5-Web platform and MT5-Android, spreads from 0.0 Pips, leverage up to Up to 1:500 and a $5000 minimum deposit. New clients can also check the current 100% Forex Deposit Bonus. Tradable markets include Foreign Exchange, Commodities, Indices, Share CFDs, Futures, CFDs, Cryptocurrencies.

Is 24Markets Safe? Regulation and Company Details

24Markets is a regulated broker. FSCA license number 50640 (South African Financial Sector Conduct Authority - FSCA No.50640). The broker says client money is kept in segregated accounts, separate from company funds.

RG

Regulation

FSCA license number 50640 (South African Financial Sector Conduct Authority - FSCA No.50640)

HQ

Head office

9TH FLOOR, ATRIUM ON 5TH STREET, SANDTON GAUTENG, 2196. South African (South African)

SF

Client funds

Client money is held in segregated accounts, apart from company funds.

YR

Track record

In business since 2023. Support is reachable by phone and email.

Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach Up to 1:500.

24Markets Trading Conditions

Spreads and commissions

24Markets spreads start from 0.0 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.

Leverage

Maximum leverage reaches Up to 1:500, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.

Trading platforms

MT5-Web platform

Web platform

MT5-Android

Mobile platform

MT5-Windows

Desktop platform

MT5-Mac OS

MacOS platform

Trading styles allowed

Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.

Why join 24Markets Forex Broker

  1. Secure Trading Platform: Explore a trading platform with over a decade of experience, offering a diverse range of markets suitable for traders at all levels of proficiency.
  1. Seamless Trading Experience: Dive into a platform that stands out for its user-friendly design, ensuring both security and simplicity. Enjoy a clutter-free interface and easily interpretable charts, allowing you to trade seamlessly from anywhere, at any time.
  1. Educational Resources: Access a wealth of educational resources at 24markets to enhance your trading expertise and confidence. Benefit from insights provided by experts and practice risk-free with a demo account. Rely on our 24/5 customer support team for prompt assistance whenever needed.
  1. Transparent Trading: Transparency is a core value at 24markets, reflected in our clearly listed fees on the website and the secure segregation of funds. Join the community of over 200,000 traders who have trusted us since 2014 and experience trading with assurance.

Whether you're navigating the trading world for the first time or you're an experienced pro, 24markets is your go-to destination.

24Markets trading platform

24Markets Account Types

24Markets offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $5000 deposit.

Free demo account

Practise with virtual money and test strategies risk-free.

Mini accounts

Smaller trade sizes and a low entry cost for beginners.

VIP accounts

Tighter pricing and priority service for larger balances.

Managed accounts

Let a strategy provider or money manager trade for you.

Segregated accounts

Client funds are kept apart from company money.

Islamic / swap-free

No overnight swap charges, in line with Sharia principles.

You can open accounts in these base currencies: EUR/USD, GBP/USD, USD/JPY, AUD/USD, USD/CHF, USD/CAD, NZD/USD, EUR/GBP and more. Choosing the currency you spend in helps you avoid conversion fees.

Welcome to 24markets, where we are committed to democratizing access to the global financial markets. In our mission to empower individuals worldwide, we have crafted a cutting-edge, all-in-one platform designed to provide easy, fast, and free access to online trading.

At the heart of our platform is a powerful suite of tools that allows you to seamlessly invest, trade, and even replicate the strategies of seasoned professionals. We believe that financial empowerment should be within reach for everyone, and with 24markets.com, you have the means to take control of your financial journey.

Whether you are a seasoned trader looking for advanced features or a novice seeking simplicity, our platform caters to all levels of expertise. We've created an environment that fosters growth, learning, and success for our users.

Experience the freedom to navigate global financial markets with confidence and ease. Join us at 24markets, where innovation meets accessibility, and embark on a journey of financial empowerment.

Invest, Trade, and Copy – it's all at your fingertips with 24markets.

24Markets account types

Deposits and Withdrawals at 24Markets

24Markets supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.

  • Wire Transfer
  • Credit Card
  • Debit Card
  • Crypto
  • Moneybookers
  • Perfect Money
  • WebMoney
  • Neteller
  • Skrill
  • FasaPay
  • Qiwi
  • Bitcoin
  • POLi
  • Sticpay
  • VLoad

E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.

24Markets Bonus and Promotions

Bonuses are a big reason traders search for 24Markets. Availability depends on your country and the account type.

  • 100% Forex Deposit Bonus — the current promotion for 24Markets clients. Check the volume rules before you claim it.
  • 100% Welcome Deposit Bonus — welcome offer for new accounts.

How bonus credit really works

  • Bonus credit is used as margin; it usually cannot be withdrawn directly.
  • Profits made with the bonus are yours, but a minimum trading volume often applies first.
  • Withdrawing money early can remove part or all of the bonus.
  • Bonuses are not offered in every country or on every account type.

Bonus terms change often. Always read the latest rules on the official 24Markets website before accepting any offer.

24Markets Pros and Cons

Pros

  • Regulated: FSCA license number 50640 (South African Financial Sector C...
  • 100% Forex Deposit Bonus
  • Low $5000 minimum deposit
  • Spreads from 0.0 Pips, STP/ECN execution
  • MT5-Web platform and MT5-Android and more platforms
  • Hedging and scalping allowed
  • Islamic, mini, VIP and managed accounts

Cons

  • No no-deposit bonus
  • Bonus comes with trading-volume rules

How to Open a 24Markets Account

  1. RegisterFill in your name, email, country and phone number on the 24Markets sign-up page.
  2. Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
  3. Choose an accountPick the account type, base currency, leverage and platform (MT5-Web platform / MT5-Android).
  4. Fund and tradeDeposit from $5000 with your preferred method, claim any eligible bonus, then log in and start trading.

About 24Markets

24markets (24markets) stands as the distinguished brand of DEDA Capital Markets (Pty) Ltd, a meticulously regulated investment firm holding the FSCA license number 50640 (South African Financial Sector Conduct Authority - FSCA No.50640). We take pride in adhering to the highest standards of financial conduct, ensuring that our clients benefit from a secure and compliant trading environment.

HIGH RISK INVESTMENT WARNING: We emphasize the critical nature of informed decision-making in the world of financial trading. Engaging in leveraged trading involving foreign currency contracts, contracts for difference, or other off-exchange products carries a heightened level of risk, and it may not be suitable for everyone. Prior to embarking on any trading activities, we strongly advise all potential traders to diligently read and comprehend the relevant risk disclosures and warnings available on our platform. It is paramount to acknowledge the substantial risk that one may lose their entire initial investment. Considering the diverse and dynamic nature of financial markets, we recommend that individuals carefully assess whether trading leveraged products aligns with their unique personal circumstances. Seeking independent financial advice is highly encouraged to gain a nuanced understanding of all associated risks before entering the world of financial trading. Moreover, the inherent risks of trading through an online platform are explicitly addressed, and users are urged to refer to our dedicated Regulation section for additional insights.

The provision of services on 24markets is facilitated by DEDA CAPITAL MARKETS (PTY) LTD, an esteemed entity authorized and regulated by the South African Financial Sector Conduct Authority (FSCA). The company is duly incorporated in South Africa with registration number 2017/531362/07 and maintains its registered office at 9TH FLOOR, ATRIUM ON 5TH STREET, SANDTON GAUTENG, 2196.

In alignment with regulatory standards and legal compliance, it is important to note that we do not establish accounts for residents of specific jurisdictions, such as the United States or any location where such distribution or use would contravene local law or regulation. For a detailed understanding of our policies, kindly refer to our comprehensive Terms & Conditions.

As we navigate the complexities of the financial landscape, 24markets remains committed to providing a transparent, educational, and secure platform. Our dedication to guiding users through the intricacies of financial trading underscores our commitment to empowering individuals with the knowledge and tools necessary for a successful trading journey.

24Markets broker review

Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.

Final Verdict: Should You Choose 24Markets?

24Markets earns 4.0/5 — a $5000 entry cost, MT5-Web platform / MT5-Android platforms and a track record since 2023.

24Markets suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.

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