Global Broker Regulation Inquiry App
About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

24 markets.com

Mauritius Mauritius | 2-5 years |
Regulated in South Africa | Derivatives Trading License (EP) | MT5 Full License | Regional Brokers | Medium Risk

https://24markets.com/

Website

Rating Index

Regulation 4.78 Tech 6.38 Reputation 3.48 Business 6.65 Risk Control 5.05
3.78

Influence

Influence

C

Influence Index NO.1

Nigeria Nigeria 2.91
Surpassed 37.80% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+27 101 577 500
https://24markets.com/
8th Floor, Suite 803, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius
Forex License 1
Other 1
Anomalies 1
Warning: Low score, please stay away!
  • The South Africa FSCA license (License No. 50640) claimed by the broker has not been verified. Please be aware of the risks!

Basic Information

Registered Region
Mauritius Mauritius
Operating Period
2-5 years
Company Name
P24 Capital Markets LTD
Email
support@24markets.com
Contact Number
+27101577500
Company Website
Account Info
Related Personnel
Business Region
Verified Site
About Us
Disclosure
News
Wiki Q&A
User Feedback
MT4/5
Full License MT5
Full License MT5
0
MT4 Servers
1
MT5 Servers
136.00
velocityIcon
Average Execution Speed/ms

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Meta Trader 5
Meta Trader 5
Perfect

Compare with Platforms Similar to 24 markets.com

VT Markets
VT Markets
7.71/10
Regulatory License2
Minimum Deposit$50
MT4/5Supported
Details
PPLI
PPLI
4.40/10
Regulatory License1
Minimum Deposit--
MT4/5Supported
Details
EC markets
EC markets
8.95/10
Regulatory License5
Minimum Deposit$10
MT4/5Supported
XM
XM
8.82/10
Regulatory License7
Minimum Deposit$5
MT4/5Supported
ATFX
ATFX
8.81/10
Regulatory License7
Minimum Deposit--
MT4/5Supported
AvaTrade
AvaTrade
8.73/10
Regulatory License7
Minimum Deposit--
MT4/5Supported
TRADE NATION
TRADE NATION
8.64/10
Regulatory License5
Minimum Deposit--
MT4/5Supported
vantage
vantage
8.54/10
Regulatory License4
Minimum Deposit$10.000
MT4/5Supported

Verified Site
模块说明(前端未翻译)

  • 24markets.com
    104.21.91.134
    Server Location
    United States United States
    ICP Registration No.
    --
    Top Visitor Locations
    --
    Creation Date
    --
    Website Name
    --
    Company
    --

Company Profile

Company Profile

Review summary

24markets Review Summary
Founded2014
Registered Country/RegionSouth Africa
RegulationSuspicious clone
Market InstrumentsForex, Commodities, Crypto, Indices, Stocks, CFDs
Demo Account❌
LeverageUp to 1:500
SpreadFrom 1.5 pips (EUR/USD, Discovery account)
Trading PlatformWebTrader, MetaTrader 5 (MT5), Mobile App
Min Deposit$100
Customer SupportEmail:support@24markets.com
Phone:+27 101 577 500 (Available 24/5)
WhatsApp
Live chat

24markets Information

24markets is a South Africa-based broker launched in 2014, offering CFDs on Forex, indices, commodities, stocks, and crypto. While it features a range of platforms including MT5 and web-based trading, it falsely claims FSCA regulation under another companys license.

24markets Information

Pros and Cons

ProsCons
Offers MT5 and a web platformCloned license
Multiple account types with tiered benefitsDemo and Islamic accounts not available
Supports Forex, stocks, crypto & moreLimited information of swap and inactivity fees

Is 24markets Legit?

The broker claims to be regulated by FSCA using license No. 50640, which actually belongs to DEDA CAPITAL MARKETS (PTY) LTD. However, the brokers name and domain do not match the licensed entity, clearly indicating a fake or cloned license intended to mislead users.

Regulatory Status Suspicious clone
Regulated bySouth Africa – Financial Sector Conduct Authority (FSCA)
Licensed InstitutionDEDA CAPITAL MARKETS (PTY) LTD
Licensed TypeFinancial Service Corporate
Licensed Number50640
Is 24markets Legit?

What Can I Trade on 24markets?

24Markets offers a wide selection of CFD trading instruments, including dozens of Forex pairs, over 10 global indices, major commodities, and popular cryptocurrencies. While stocks are supported, ETFs are not mentioned.

Tradable InstrumentsSupported
Forex✅
Commodities✅
Crypto✅
CFD✅
Indexes✅
Stock✅
ETF❌
What Can I Trade on 24markets?

Account Types

24Markets offers three live account types: Discovery, Prime, and Master. Each suits different trading levels—from beginners to professionals—with increasing benefits like tighter spreads, higher leverage (up to 1:500), and VIP services.

Account TypeMin DepositKey FeaturesBest For
Discovery$1001.5 pip spreads, up to 100:1 leverage, no priority support, some education toolsBeginners
Prime$5,0000.8 pip spreads, up to 300:1 leverage, 3 swap-free days, 3x weekly rep meetingsIntermediate traders
Master$20,0000.3 pip spreads, up to 500:1 leverage, 7 swap-free days, full VIP featuresAdvanced/professional traders
Account Types

Leverage

24Markets offers dynamic leverage of up to 1:500, depending on the account type. While high leverage can increase profits with little capital, it also increases the danger of significant losses without appropriate risk management.

24markets Fees

Compared to industry standards, 24Markets trading fees are moderate to slightly high, especially for entry-level accounts. While spreads decrease with higher-tier accounts, the absence of transparent commission and swap rate details limits cost comparison for advanced traders.

Account TypeEUR/USD Spread (From)Commission
Discovery1.5 pips$0
Prime0.8 pips$0
Master0.3 pips$0

Spreads: Start from 1.5 pips on the Discovery account and go as low as 0.3 pips on the Master account.

Commissions: No commissions are stated across all account types.

Swap Rates: Swap-free trading is available for up to 7 days on higher-tier accounts. Exact overnight swap fees are not publicly disclosed.

Non-Trading Fees

Non-trading Fees
Deposit Fee Varies by payment method and bank; some may incur third-party processing fees
Withdrawal Fee May apply depending on withdrawal method or expedited request
Inactivity Fee Not mentioned
Non-Trading Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for what kind of traders
WebTrader✔Web browser (desktop/mobile)Traders looking for intuitive, real-time web-based trading
MetaTrader 5 (MT5)✔Windows, macOS, Android, iOSAdvanced traders needing analytical tools and multi-asset access
Mobile Trading App✔iOS, AndroidTraders who prefer on-the-go access and mobile convenience
MetaTrader 4 (MT4)❌–Not supported
Trading Platform

Deposit and Withdrawal

24markets does not charge fixed deposit or withdrawal fees itself, but third-party processors or banks may apply charges depending on the method and location. The minimum deposit required to open an account is $100.

Deposit Options

Deposit OptionsMin. DepositFeesProcessing Time
Bank Wire Transfer$100May vary by providerFew minutes to a few hours
Credit/Debit Cards$100May vary by providerFew minutes to a few hours
E-wallets$100May vary by providerFew minutes to a few hours
Online Payment Methods$100May vary by providerFew minutes to a few hours
Deposit and Withdrawal

Company Profile

  • 2-5 years
  • Regulated in South Africa
  • Derivatives Trading License (EP)
  • MT5 Full License
  • Regional Brokers
  • Medium Risk

News

24 markets.com Review 2026: Is This Forex Broker Safe?

Exposure 24 markets.com Review 2026: Is This Forex Broker Safe?

24 markets.com is a forex broker with a WikiFX Score of 5.38. The broker shows an FSCA-regulated record in South Africa, but also has an unverified FSCA entry and a 2024 CNMV warning from Spain, making its safety profile mixed and requiring caution.

24Markets Review 2026: Rating, License Issues, CNMV Warning, and User Complaints

Exposure 24Markets Review 2026: Rating, License Issues, CNMV Warning, and User Complaints

24Markets review 2026: WikiFX score 5.38/10, FSCA license concerns, Mauritius FSC record that does not cover forex, CNMV warning, and negative user complaints.

24markets Regulation: Is 24markets FSC Regulated?

Exposure 24markets Regulation: Is 24markets FSC Regulated?

Check 24markets regulation, FSC Mauritius license, and trader feedback. Review the broker details now before you trade.

24markets Exposed: Cloned License, $45,500 User Losses, and Withdrawal Scams Signal Stark Warning

Exposure 24markets Exposed: Cloned License, $45,500 User Losses, and Withdrawal Scams Signal Stark Warning

Is 24markets a scam? Uncover the truth about 24markets’ cloned regulation, $45,500 user losses, and withdrawal scams. Protect your funds – Read the full WikiFX investigation now!

24Markets Broker Review 2025 – 24Markets.com Is Legit or Scam?

Exposure 24Markets Broker Review 2025 – 24Markets.com Is Legit or Scam?

According the 24markets’ website The provision of services on 24markets.com is facilitated by Prime Capital Markets (PCM) LTD, an esteemed entity authorized and regulated by the Financial Services Commission (FSC) of Mauritius. The company is duly incorporated in Mauritius with Registrar No.: 205994 and maintains its registered office at: 8th Floor, Suite 803, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius.

Wiki Q&A

Is 24 markets.com safe and reliable?

According to WikiFX data, 24 markets.com has a WikiFX score of 3.78 and is classified as Regulated. The license list includes a Mauritius FSC Securities Trading License (EP) held by P24 Capital Markets LTD and a South Africa FSCA Derivatives Trading License (EP) held by FIGTREE CAPITAL (PTY) LTD. Regulatory protection depends on the specific legal entity, license status, product, and client jurisdiction. WikiFX assessment indicates the broker operates within a regulatory framework, but a score or license status does not guarantee safety or reliability. Users should conduct their own due diligence.

10-18
United States

Is 24 markets.com regulated?

According to WikiFX data, 24 markets.com is classified as Regulated. The license list shows: a South Africa FSCA Derivatives Trading License (EP) under FIGTREE CAPITAL (PTY) LTD, status Regulated, regulation number 51524; and a Mauritius FSC Securities Trading License (EP) under P24 Capital Markets LTD, status Active, regulation number GB23202449. There is also an anomaly record for a South Africa FSCA Derivatives Trading License under DEDA CAPITAL MARKETS (PTY) LTD with status Unverified. Licenses are held by specific legal entities and should not automatically be attributed to every entity operating under the brand.

10-18
United States

What is the minimum deposit of 24 markets.com?

According to WikiFX data, the minimum entry conditions for the listed account types are: Silver at $5,000, Gold at $25,000, and Platinum at $50,000. These figures represent the entry conditions for the respective accounts.

10-18
United States

Does 24 markets.com support MT4 or MT5?

According to WikiFX data, 24 markets.com supports MT5. The MT4 count is 0, indicating that MT4 support is not listed.

10-18
United States
View More

User Feedback3

This broker has not yet registered on WikiFX, so we cannot communicate user feedback for it.
No more
Feedback
3
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome Extension

Global Forex Broker Regulation Query

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com