24FX

According to WikiFX data, 24FX presents significant safety concerns. It holds an extremely low WikiFX Score of 1.47 and, most critically, operates without any recognized financial regulation. This means there is no independent authority overseeing its operations or ensuring the safety of client funds. The broker is also registered in Cyprus, a region flagged for suspicious operational practices. Trading with an entity that lacks credible regulatory oversight exposes clients to substantial and unmitigated financial hazards.

No, 24FX is not regulated. WikiFX assessment indicates the broker does not hold any valid authoritative licenses for forex trading. It operates as an unregulated entity, which fundamentally means there is no external regulatory body ensuring compliance with financial standards, protecting client assets through segregation rules, or providing avenues for dispute resolution.

24FX offers a range of minimum deposit requirements depending on the account type. Its MICRO ACCOUNT can be opened with a deposit as low as $5, which is a very accessible entry point. The AUTO ACCOUNT requires a $200 deposit, and the PREMIUM ACCOUNT requires $100.

WikiFX data does not specify which trading platforms 24FX currently offers. While the account data shows support for Expert Advisors (EAs), which are typically associated with the MetaTrader suite, the specific platform (MT4 or MT5) is not listed. To confirm available platforms, you would need to consult the broker's official website or contact their support directly.