Clients of 24FXM have two account options: Beginner & Premium accounts. Both of them offer leverage up to 1:200, fixed spreads, commission-free trading and the option to trade in micro lots on the MetaTrader 4 platform.
Besides, PAMM and Islamic (swipe-free) services are available with this broker.
Overall, 24FXM’s trading conditions seem typical for a Market Maker: average minimum initial deposit and a fixed spread of 2 pips for the EUR/USD. Yet, we cannot find a reason to choose this broker over some duly regulated company. For example, you may open an account with $100 with easyMarkets, regulated in the EU, as well as Australia, and use fixed spreads of 1 pips on EUR/USD. Furthermore, with easyMarkets, you can never lose more funds than you have deposited, as it provides Negative balance protection.
The Company. Security of Funds
JMD investment solutions LTD.
St. Vincent & the Grenadines
24FXM is a forex and binary broker that uses standard MT4 platform. It is operated by JMD Investment Solutions Ltd., a company incorporated in St. Vincent & the Grenadines. Its parter company, MARJO CAPITAL LP, is registered in the UK, but is not regulated by the Financial Conduct Authority.
Investing in an offshore and/or non-regulated company is extremely risky and that is why we advise traders to choose among brokers regulated by the FCA, ASIC or another trustworthy regulatory body, where your money will be safe.
24FXM offers its clients the standard – MetaTrader 4, available as desktop, web and mobile versions.
The MT4 platform is a perfectly equipped trading terminal that provides all the necessary tools and features to analyze price dynamics of financial instruments, trade, and create and use automated trading programs (Expert Advisors).
Methods of Payment
24FXM offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, and Skrill, and Western Union.
It looks like 24FXM is another non-regulated forex and binary options broker that supports the MT4 platform. It offers fixed spreads and we suspect that acts as a Market Maker.
24FXM Review Conclusion
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