24K Markets Review

24K Markets is a new Forex Broker in the industry. The company’s background, CEO and the license and regulatory status is unknown. The company is registered in Saint Lucia, and it’s operated by 24k Markets Ltd, with the company number 2023-00364. 24K Markets offers trading instruments with different spreads. If you want to know more about the account types, fees, features, and commissions keep reading.

Pros:

Islamic Accounts
24/7 customer support availability
Low minimum deposit and withdrawal amount
Many trading instruments available
Easy-to-navigate platform

Cons:

Limited transparency regarding the company
No real user reviews
Regulation status questionable

Fees & Commissions

All the costs for fees and commissions at 24K Markets can be found in the FAQ section. There are no withdrawal fees on their side. But, the bank or e-wallet will charge you fees that 24K Markets is not responsible for. Withdrawing via Crypto charges you based on the network you use.

Asset	Commission Fee (per lot)
Cryptos	$10
Metals	$10
Energies	$8
EU Shares	$8
Forex Pro	$8
Mini Indexes	$8
US Shares	$8
Indexes	$7
Standard Forex	$7
Mini Forex	$1

Transaction Fees

Bitcoin	0%
Bitcoin via Debit/Credit Card:	0%
Cryptocurrencies (USDT/DOGE/ETH/LTC/USD Coin/Ripple)	2.5%

24K Markets Trading Platforms

You can use TradeLocker at 24K Markets. This is a new and improved platform with fast tools that will help you trade. TradeLocker is a platform for you if you’re seeking best technology and brokers who want to help traders succeed.

You can use it on all web browsers, on PCs, Mac and other computer devices. There’s also a separate mobile app available for both IOS and Android. You can find all the information needed on TradeLocker in the 24K Markets FAQ section.

Customer Support

You have two options to get in touch with 24K Markets: through email or by submitting a ticket. These options are available 24/7. Their email address for customer support is: [email protected]. If you wish to submit a ticket, you can find the “Submit a ticket” button in the FAQ section.

24K Markets Payment Options

Deposit Process:

You can use Bitcoin, Litecoin, Ripple, Dogecoin, Tether (USDT) (TRC-20), USD Coin (USDC) (BEP-20/TRC-20), Bitcoin via Instacoins as deposit methods. For all of them, the minimum deposit is $10. The minimum for Bitcoin via Instacoins is $50. If you wish to claim your deposit bonus, follow these steps:

Step 1: Make sure your account is verified

Step 2: Create a Deposit request:

Log in to your 24K Markets account
Go to the deposit section
Choose your deposit method
Enter the deposit amount you want
Confirm

Step 3: The bonus points are going to be credited to your bonus wallet.

Step 4: Redeem bonus points into withdrawable cash. You can do that by performing trades.

Step 5: This step is optional. You can change your credited account for bonus points. If you want to do that, simply:

Navigate to the settings section
Find the drop-down menu that allows you to select the trading account to receive the bonus points.
You can modify this at any time, as you wish.

You’re done. If you have any issues and need help, contact their support team.

Withdrawal Process:

Bitcoin is the only withdrawal option available at 24K Markets. According to 24K Markets, they’re working on adding more options. The minimum amount you can withdraw is $100. Withdrawal your funds by following these steps:

Click “Withdraw”
Select the wanted withdrawal type and wallet
Click “Request Withdrawal”
Enter your crypto address
You will receive an email confirmation shortly
You’re done

Regulation

This broker is not regulated.

Account Login and Registration:

In order to create an account at 24K Markets, just:

Tap the “Sign up” button in the top right corner of the website.
Make sure you Read and understand terms & conditions before agreeing.
Fill in the required information.
Click “Sign up”.
After you receive an email click tap the “Complete sign up” option.
Fill in the additional information.
Click “Create Your Account” button, and you’re done

Logging in to 24K Markets is as simple as it can get. Tap the “Login” button in the top right corner. Fill in your email and password, and you’re done.

Account Types:

These are the account options at 24K Markets:

Demo Accounts

Risk Free – No risk account with real market conditions.
Practice – Practicing before profits.
Learn – No-string trading

Real Accounts

All of these accounts have leverage up to 1:500.

Standard Account – Spreads from 0.8 pips, and order volume per lot $7.
Pro Account – Spreads from 0.4 pips and $8 per lot order volume.
Var Account: No minimum order volume, and spreads from 0.2 pips.
Mini Account – Spreads from 1.0 pips, and a minimum order volume of only $1 per lot.

Islamic Accounts

A swap free account meant for people who want to trade with Sharia Law. All the instruments in other trading accounts are still available in a Islamic one. You’re still subject to commission fees, standard spreads, and any other standard terms.

Mobile Trading on 24K Markets

24K Markets doesn’t have a mobile app you can download and trade via your phone. Luckily, you’re still able to trade using your phone. The website is fully compatible with mobile devices.

Education

If you’re a beginner searching for educational resources and tutorials at 24K Markets, it gets disappointing. Because the broker is relatively new, they still don’t provide any educational content for traders. You can still use demo accounts for practicing and learning. Hopefully in the future this will change and 24K Markets will offer more content for beginners in trading.

Verdict

The questionable regulation status of 24K Markets is the biggest weakness of it. There is no 100% proof that the broker is regulated. This created confusion for traders that want to trade safely. Generally speaking, 24K Markets is a good broker that offers quality features, many trading instruments, a great trading platform, and several account options.

24K Markets could really work on their transparency regarding license, regulation, and the company’s background. You’ll have to thoroughly inspect all the pros and cons of this broker and decide whether it is for you or not.

FAQ

What types of tradable assets are available at 24k Markets?

You can trade Forex, commodities, indices, stocks, and cryptocurrencies.

What is the minimum withdrawal at 24k Markets?

The minimum withdrawal is $100.

What is the minimum deposit at 24k Markets?

The minimum deposit for all methods is $10, except for Bitcoin via Instacoins which is $50.

How much commission does 24k Markets take?

Commissions depends on the instruments being traded.

Was the information useful?