24markets.com Review – Is this broker reliable?

About the broker

Introducing 24markets.com, a CFD broker licensed by the Financial Sector Conduct Authority (FSCA). This analysis takes an impartial look at its key features. With a strong commitment to transparency in regulation and a consistent professional approach, 24markets.com positions integrity and honesty at the forefront of its operations. 

The broker’s dedication to constant upgrading and innovation, coupled with a focus on education, defines its mission to redefine online trading. As we explore its key values and attributes, this introduction provides a snapshot for people aiming to start trading online in 2024.

Markets

In terms of CFD coverage, traders engaging with 24markets.com gain access to a diverse range of over 2,000 instruments. This expansive portfolio includes stocks, indices, commodities, FX, and cryptocurrencies, providing a comprehensive array for diversified trading strategies. 

With leverage of up to 1:300, traders have the potential to amplify their positions, while variable spreads offer flexibility in navigating market conditions. The inclusion of such a wide range of CFDs caters to the preferences and interests of a broad spectrum of traders, enhancing the platform’s appeal for those seeking versatility and choice in their trading endeavors.

Platforms

Within 24markets.com’s platform offerings, the proprietary WebTrader stands as an exceptional solution for traders navigating a dynamic market landscape. Tailored for rapid execution, it incorporates all essential features expected from a bespoke-built interface, allowing users to construct and manage portfolios across seven asset classes. 

WebTrader facilitates diverse trading strategies with features like Stop Loss, Take Profit, and various order types for precise control. Additionally, the inclusion of the widely recognized MetaTrader 5 (MT5) further enhances the platform’s versatility, providing traders with an alternative interface known for its robust analytical tools and algorithmic trading capabilities.

Accounts

24markets.com offers a diverse range of account types designed to cater to varying trader preferences and experience levels.

• Discovery Account: Ideal for traders starting with a modest investment, the Discovery Account provides essential features such as daily analysis, desktop, and mobile trading. A dedicated account manager, premium daily analysis, and access to Trading Central enhance the overall trading experience.

• Gold Account: Building on the Discovery Account, the Gold Account includes additional benefits like premium customer support, making it a popular choice. Traders enjoy the same features as the Discovery Account but with added perks, creating a well-rounded package for more seasoned investors.

• Platinum Account: Tailored for those with substantial trading capital, the Platinum Account offers exclusive VIP benefits on top of the Gold Account features. This includes prioritized customer support and enhanced daily analysis.

• Exclusive VIP: this is the highest tier in terms of classic accounts. It carries the tightest spreads and provides access to some of the most premium features available with 24markets.com

If you want to trade in an ECN environment, then Classic ECN or PRO ECN would be better choices. These accounts designed by 24markets.com are meant to provide tighter spreads, but be aware you will have to pay commissions. 

Summary 

24markets.com emerges as a reliable CFD broker, regulated by FSCA. With an array of account types catering to diverse trader needs and a commitment to transparency, the platform fosters a secure trading environment. The combination of proprietary WebTrader, MT5, and extensive instrument coverage further positions it as a comprehensive choice for online traders.