24K Markets Review

24K Markets Review

✅Minimum lot 0.01
✅Instant execution
✅Up to 1:500 leverage
✅Low minimum deposit

Home » 24K Markets Review

Risk Warning: Your capital is at risk. 74-89% of retail investors lose money when trading CFDs.
You should consider whether you can afford to take the high risk.

24K Markets is a Forex Broker established in 2023. It’s operated by 24K Markets Ltd, with the company number 2023-00364. 24k Markets attracts traders with the number of trading instruments with different spreads. 

Essential Broker Information 

Key InformationDetails
Country of regulationNot regulated
Minimum deposit amount$10
Available currenciesCrypto
Bank card depositsNo information
E-wallet depositsNo information
Time to open an accountImmediate
Demo account available Yes
Products offeredForex, Indices, Cryptocurrencies, Commodities, Stocks

Expert Opinion Summary

24k Markets has low minimum deposit requirements, and a number of trading instruments. The leverage for all accounts is 1:500. This means you can open bigger trades with less money. They only offer one trading platform and that’s TradeLocker. 

There’s a handful of account types you can choose from. Keep in mind that the regulation status of this broker is unknown. Trading with unregulated brokers is risky because there is no legal entity you can complain to.

  • Low minimum deposit
  • Islamic accounts
  • Over 100 trading instruments available
  • Easy-to-use platform
  • Regulation status unknown
  • Lack of company’s information

24K Markets Security and Regulation

24K Markets doesn’t offer any information regarding their regulation status. Like mentioned before, trading with unregulated brokers is risky. If something goes wrong, there’s no official organization you can turn to for help.

They offer security features like two factor authentication. They also hold a valid SSL certificate. This means that the data you exchange between your browser and the website remains private and secure.

Markets and Instruments:

24K Markets offers 37 Cryptocurrencies, 73 Stocks, 55 Currencies, Commodities, Indices, Forex etc. The table below shows the trading asset and the leverage ratio for each.

Asset TypeLeverage RatioNote
Cryptos1:100Excluding SHBUSD100 (1:30)
Metals1:200For accounts with equity over 500K: 1:50
Indices or Energies1:200For accounts with equity over 500K: 1:50
Forex1:500For accounts with equity over 500K: 1:200

Commissions and Fees at 24K Markets

24K Markets trading commissions depend on the asset type. Each of them has a commission fee per lot. 

AssetCommission Fee (per lot)
EU Shares$8
Standard Forex$7
Forex Pro$8
Mini Forex$1
Mini Indexes$8
US Shares$8

Account Types

Besides the four regular account types, there are Demo and Islamic accounts available too. Each of them is planned for traders with different experience levels. All of the accounts leverage options are up to 1:500. 

  • Standard Account: Competitive spreads, and a minimum order of $7 per lot.
  • Pro Account: Tighter spreads, and $8 per lot. 
  • Var Account: Lowest spreads account with no specific order volume cost.
  • Mini Account: Ideal for those who seek to start with small investments. The minimum lot cost is $1. 

There are three Demo accounts available: Risk-Free, Practice and Learn account. All of them are meant for learning and practicing for beginner traders. 

Trading Platforms

24K Markets offers a TradeLocker platform to trade on. This is a perfect platform for traders who want something new, with modern features like customization and taking pictures of your chart, and one-click trading. You can use this platform on any device as long as you have internet access.

Who Is 24K Markets for?

24K Markets is for traders that are seeking a broker with high leverages, and transparency regarding fees. It’s ideal for both experienced traders and beginners. Beginners can learn and build trading strategies with the demo accounts, while experienced traders have a variety of distinct accounts to choose from.

Research Tools

24K Markets doesn’t provide any research tools so far, nor educational content. 

Customer Support Quality

You can reach out the 24K Markets customer support via:

  • Email: [email protected]
  • Submitting a ticket (Simply click the “Submit a ticket” button in the FAQ section).

24K Markets Deposit Options and Fees 

At 24K Markets, there are 8 deposit options available, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), Tether (USDT) (TRC-20), USD Coin (USDC) (BEP-20/TRC-20), and Bitcoin via Instacoins. The minimum deposit amount for Bitcoin via Instacoins is $50, while for all other options, it is $10.

Withdrawal Options, Fees and Processing Times

Bitcoin is the only withdrawal method at 24K Markets. The minimum withdrawal amount is $100. If you wish to withdraw your funds simply:

  • Click on the “Withdraw” button.
  • Select the withdrawal type and wallet you want.
  • Enter the withdrawal amount and click the “Request Withdrawal” button.
  • Enter your crypto address.
  • You will receive an email confirmation.
  • You’re done.

The processing times vary for every deposit because of the Blockchain Network.

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Our Take on 24K Markets

24K Markets is a relatively new forex broker that lacks general information. Besides that, it offers attractive high-leverage trading options, several account types, and many payment options. Sadly there is no feedback from users online. 

Keep in mind that 24K Markets has an unknown regulatory status. Trading with such brokers carries risks.

Frequently Asked Questions

How much commission does 24k Markets take?

Commissions depend on the instruments being traded.

What is the minimum deposit for 24K Markets?

The minimum deposit is $10.

How long is 24K Markets withdrawal?

The withdrawal time depends on the traffic of the network that’s being used.

What country is 24K Markets registered in?

The registered company address is Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

Welcome Bonus
Min Deposit: $10

Licensing & Safety
Bonuses & Promotions
Customer Support
4.0 Overall Rating

One Reply to “24K Markets Review”

  • S Bailey says:

    I would not trade with this company. I was up $700 in one night and woke up to my $900 being deducted from my account due to “an instrument error un US30”. They say they are within policy and would not compensate me at all… basically theft.

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