About the Broker
24markets.com is an online CFD provider, offering a regulated ecosystem where traders from all around the world can buy/sell a broad range of assets. Users from some countries, like the USA and some EU members, are not allowed to sign up, due to local regulation. If you are eligible for an account, though, you should definitely know more about what this broker has to offer.
Upon registering for a live account, you engage with a regulated brokerage, and this is very important to note. 24markets.com is owned by a regulated investment firm, licensed by the FSCA, no. 50640. This means your funds are segregated and all services offered are professional and transparent.
Trading 2,000+ CFDs
This broker stands out in our opinion in terms of the number of assets and asset classes you have access to, from a single account. Right now you have access to more than 2,000 CFDs based on:
- Stocks
- Indices
- Commodities
- Forex
- Crypto
This list includes a broad diversity of global stocks, tens of currency pairs and 20+ cryptos (Bitcoin, Ethereum, Litecoin, Dash, Ripple, Cardano, etc.). The maximum leverage you can use with 24markets.com is 1:300 but be aware that the figure applies only to highly liquid instruments like major FX pairs.
Trading is done using WebTrader, a proprietary platform, or MetaTrader 5, the popular solution designed by MetaQuotes. These two platforms are both multi-device compatible and carry many trading tools.
If you go for the WebTrader, no installation is required and you have access to the entire asset list. MT5, on the other hand, needs to be installed on your devices and you can only trade 350+ CFDs in this case.
Account Types
You have a choice between 4 classic accounts (Discovery, Gold, Platinum and Exclusive VIP) and 2 ECN accounts (Classic ECN and PRO ECN). What especially sparked our attention is the low $100 deposit requirement for a Discovery account. This is a very affordable figure.
Even if you decide to go for this small account, you are still entitled to receive a daily analysis, access to the Events & Trade function, and 24-hour customer service. Signing up for a larger account comes with added value in the form of Trading Central, support from a dedicated account manager, premium analysis and tighter spreads. With ECN accounts spreads are even lower, but you should be aware that there are trading commissions attached.
Education
The first question that most traders ask themselves, before they begin to explore the markets, is ”what are CFDs and how can I take advantage of them?”. Well, 24markets.com is not only here to let you search for opportunities in the market, but also to learn about them. When you sign up, you have access to a comprehensive list of educational content and market analysis tools.
Starting with the Gold account, all clients also have access to a dedicated account manager, with personalized support around the clock. Trading Central should also be of great help. This 3rd party tool provides insights into popular instruments, including currencies, commodities, indices and others.
Final Thoughts
Opening an account with 24markets.com can be a good choice for you, and it seems like it doesn’t only promise superb trading conditions, but also delivers. You are backed by a regulated broker, operating based on transparency and professionalism. You won’t lack assets to trade, because the list includes 2,000+ CFDs. They’ve also done a good job with the WebTrader platform, a user-friendly and feature-rich solution.
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