24k Markets
Forex & CFD broker · Reviewed against our 50-point criteria
TC RATING
Not Rated
We do not recommend this broker. 24k Markets is not regulated by a Tier 1 authority such as the FCA, ASIC, or CySEC, so it does not qualify for a TC Rating and does not meet the standard we recommend traders use.
24k Markets broker review
Founded in 2023. 24K Markets is a trading platform. It offers many financial instruments. These include Forex, Crypto, Indices, US shares, EU shares, and Commodities. 24K Markets is a trading platform operated by 24 Markets Ltd, registered in Saint Lucia with the company number 2023-00364.
The platform caters to traders of all levels by providing four distinct account types. They provide a demo account and cater to Islamic investors with swap-free accounts. However, a major concern is the lack of regulation by a reputable financial authority. Trading with unregulated brokers carries increased risks of fraud, market manipulation, and economic losses.
- YOUR MONEY IS NOT PROTECTED
Trading with an unregulated broker carries real risks. You have no access to a financial ombudsman, no guaranteed segregation of your funds, and no compensation scheme if the broker fails or refuses a withdrawal.
Is 24K Markets regulated?
No. 24K Markets is not regulated by any major financial authority such as the FCA, ASIC, or CySEC. The platform is operated by 24 Markets Ltd, registered in Saint Lucia (company number 2023-00364), a jurisdiction that does not license or supervise forex and CFD brokers in any meaningful way.
What this means for you in practice: there is no regulator auditing how the company holds your money, no independent body to complain to if a withdrawal is refused, and no compensation scheme to fall back on if the firm closes. The company says it keeps client funds in segregated accounts, but with no external oversight there is no way to verify that claim or enforce it.
We do not recommend trading with 24K Markets. If you are comparing brokers, start with one that holds a top-tier licence, where your funds and your rights are actually protected.
How to open an account with 24k Markets?
To open an account with 24k Markets the following steps are to follow.
- Visit the home 24k market review to sign-up portal.
- Agree to the terms and conditions.
- Fill in your sign-up credentials.
- Click on Sign Up.
- Open your email inbox.
- Select the 24k Markets email for account confirmation.
- Tap on Complete Sign-Up.
- Fill in additional sign-up credentials.
- Click on Create Your Account.
The broker also supports two-factor authentication (2FA), which can be activated using Google Authenticator, SMS, or email verification. You may disable this through your account settings by entering a 6-digit code.
24k Markets account types
24K Markets broker offers four account types, designed to suit traders of all levels, from beginners to experienced professionals.
| Account types | Pro | Standard | Mini | VAR |
|---|---|---|---|---|
| Spread | 0.4 pip | 0.4 pip | 1.0 pip | 1.2 pip |
| Order volume | lot $8 | lot $7 | $1 | No |
| Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Suitable for | Experienced traders | Intermediate traders | Beginners or traders with smaller capital | High tolerance for risk |
24K Markets offers Islamic accounts that adhere to Sharia law by eliminating swap fees. This allows you to trade various financial instruments without incurring interest-based charges.
To open an Islamic account, navigate to “My Accounts,” create a new one, choose your platform, trading account type, currency, and leverage.
24k Markets demo account
24K Markets offers a demo account to practice your trading strategies without risk. Experience a simulated market environment and refine your skills before investing real money.
Demo options include Risk-Free, Practice, and Learn accounts tailored for different levels of trading familiarity.
24k Markets financial assets
Trade with flexibility and choice at 24K Markets. They provide a wide array of financial instruments to suit different trading styles and risk appetites.
24k Markets forex broker
Trade 55 currencies everything from EUR/USD to exotic markets in one place.
24k Markets forex majors
24K Markets offers a diverse range of currency pairs for trading, AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY. These pairs represent some of the most popular and actively traded currencies in the global foreign exchange market.
Forex exotics
These pairs are considered exotic because they involve currencies from emerging markets or less frequently traded economies.
| Forex exotics pair names | |||
| GBP SEK | EURDKK | USDHKD | EURSGD |
| NOK SEK | EURHKD | USDHUF | EURHUF |
| USDCNH | EURNOK | USDILS | USDZAR |
| USDCZK | EURPLN | USDMXN | GBPDKK |
| USDDKK | EURSEK | USDNOK | GBPNOK |
| USDSGD | EURTRY | USDPLN | EURCZK |
| USDTRY | EURZAR | USDRUB | USDSEK |
Forex crosses
These pairs are called crosses because they don’t involve the US dollar. They are often traded as alternative options to the major currency pairs and can offer different risk and reward profiles.
| Forex crosses pairs | ||
| AUDCAD | EURAUD | GBPCAD |
| AUDCHF | EURCAD | GBPCHF |
| AUDJPY | EURCHF | GBPJPY |
| AUDNZD | EURGBP | GBPNZD |
| CADCHF | EURJPY | NZDCAD |
| CADJPY | EURNZD | NZDCHF |
| CHFJPY | GBPAUD | NZDJPY |
Cryptocurrencies
Trade over 20+ popular cryptocurrencies at 24K Markets, including USD coin (BTCUSD), Ethereum (ETHUSD), and Litecoin (LTCUSD).
| Cryptocurrency | ||
| BTCUSD | OMGUSD | TRXUSD |
| DASHUSD | XMRUSD | XLMUSD |
| EOSUSD | XRPUSD | DOGEUSD |
| ETHUSD | ZECUSD | SHIBUSD |
| IOTAUSD | BCHUSD | ADAUSD |
| LTCUSD | BNBUSD | SOLUSD |
| NEOUSD | BATUSD | DOTUSD |
| AVAUSD | ETCUSD | |
Indices
The indices available are ESP35, UK100, EUSTX50, FRA40, US30, NAS100.mini, and more.
US shares
The shares available in 24k Markets are Apple, Amazon, The Bank of America, Alphabet Inc, HP, Netflix, Meta, and more.
EU shares
The available EU shares are Daimler AG, Adidas AG, Bayerische Motoren Werke AG, Siemens AG, and more.
Commodities
The 24k Markets available commodities are Copper, XAGUSD, XAUEUR, XAUUSD, XPTUSD, and more.
Trading platforms of 24k Markets
24K Markets offers the TradeLocker platform, a new trading platform with multiple brokers and prop firms. The platform provides comprehensive tutorials in its FAQ section, covering the creation of TradeLocker accounts and detailed instructions on how to use the platform effectively.
24K Markets offers the TradeLocker platform, a top alternative to MT4/5, providing a range of advanced features and benefits. While 24K Markets MT5 is not available, TradeLocker is accessible on various devices, including smartphones and tablets. This allows traders to stay connected to the markets and execute trades from anywhere, anytime.
24k Markets deposit methods
The available deposit methods are given below.
- Bitcoin
- Ethereum
- Litecoin
- Ripple
- Dogecoin
- Tether (TRC-20) and
- USD Coin (BEP-20/TRC-20)
The deposit method of Bitcoin via Insta coins is not available now.
Deposit processing times
- The deposit will typically take between 1 and 3 hours to reach the blockchain network.
- Once the deposit reaches the blockchain network, it will need to be confirmed. This process usually takes between 3 and 6 hours. Processing times may vary during periods of high market volatility.
24k Markets minimum deposit
The minimum deposit of 24k Markets is $10 and the maximum deposit is unlimited.
24k Markets withdrawal methods
Withdrawals are exclusively processed using Bitcoin. Withdrawal processing times vary depending on the blockchain network and can be affected by market volatility. The minimum withdrawal amount is $100 and the maximum amount has no limit.
Withdrawal steps of 24k Markets
To withdraw funds from your account:
- Tap Withdraw.
- Select a withdrawal option and indicate the wallet address you want to receive the funds.
- Enter the withdrawal amount and click Request Withdrawal.
- Enter your crypto address.
- If you haven’t entered your crypto address before, go to your withdrawal history and click Fill info. Then, type in your crypto address.
Fees and commission of 24k Markets
The fees and commission of 24k markets are given below:
| Category | Description | Value |
|---|---|---|
| Spread | Varies from 0.4 to 1.2 pips | |
| Leverage for less than $500k equity | Stocks | 1:20 |
| Cryptos (except SHBUSD100) | 1:100 | |
| Metals | 1:200 | |
| Indices or Energies | 1:200 | |
| Forex | 1:500 | |
| 24k markets leverage for more than $ 500k equity | Cryptos, Metals, Indices or Energies | 1:50 |
| Forex | 1:200 | |
| Margin call | Percentage of margin requirements | 100% |
| Stop-out level | Percentage of margin requirements | 144% |
| Inactivity fees | Charged for inactive accounts | 10 USD, GBP, EUR, CAD, or AUD |
| Affiliate commissions | Per standard lot | $1.50 – $0.50 (once you reached $100 or more you will get a commission on every Friday) |
| Deposit fees | Bitcoin | 0% |
| Bitcoin via Debit/Credit Card | 0% | |
| Cryptocurrencies (USDT/DOGE/ETH/LTC/USD Coin/Ripple) | 2.50% | |
| Withdrawal fees | Charged by 24k Markets | No fees |
| Charged by wallet provider or network | May apply |
Commission for various class assets
The commission for various class assets is given below in the table.
| Asset class | Commission (per lot) |
|---|---|
| Cryptos | $10 |
| Energies | $8 |
| EU shares | $8 |
| Standard forex | $7 |
| Forex pro | $8 |
| Indexes | $7 |
| Metals | $10 |
| Mini forex | $1 |
| Mini indexes | $8 |
| US shares | $8 |
Customer support
Customer services of 24kMarkets are available 24/7 through email, live chat, and contact forms .
- Email: [email protected]
Conclusion
24K Markets offers a variety of features and a user-friendly platform. However, the lack of regulation by a reputable financial authority is a significant red flag. This means there is no external oversight to ensure fair practices, protect investor funds, or address complaints.
Before considering 24K Markets, carefully weigh the risks and ensure you understand the potential consequences of trading with an unregulated broker. It is highly recommended to prioritize brokers regulated by reputable authorities.
- LOOKING FOR A REGULATED BROKER?
This review is published for information only. If you want a regulated broker for this type of trading, see our regulated CFD brokers instead, where every broker there is checked against our regulation-first standard.
The bottom line
24K Markets has a clean-looking platform and a decent spread of instruments, but none of that matters when there is no regulator standing behind it. A new domain, a Scamadviser score of 1 out of 100, and an offshore registration with no oversight all point the same way.
Your deposit is only as safe as the company’s word, and there is nothing forcing them to keep it. For most traders, that is reason enough to look elsewhere.
