Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is 24Five？
24Five is a broker, also known as Onewold Ltd, based in the United Kingdom in 2015. It currently holds no regulations.
Pros & Cons
Pros:
Multilingual Official Website: The website supports multiple languages including English, French, Spanish, and Portuguese.
Demo Account Available: Traders can use a demo account to practice trading strategies without any risk.
MT4 Supported: The platform supports MetaTrader 4, one of the most popular and powerful trading platforms available, favored for its advanced charting tools, automated trading capabilities, and user-friendly interface.
Cons:
No Regulation: 24Five lacks regulation from any major financial authority, which is a significant concern regarding security and the protection of trader funds.
Lack Info on Key Trading Conditions: The platform does not provide clear information on key trading conditions such as leverage, spreads, commission rates, and minimum deposit requirements, which are very important for users to make a decision in trading.
Is 24Five Legit？
Regulatory Sight: 24Five is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
24Five offers a certain range of market instruments. These include:
Forex: Traders have the opportunity to trade a variety of currency pairs including major, minor, and exotic pairs.
Cryptocurrencies: With the growing popularity of digital currencies, 24Five provides access to trade some of the most popular cryptocurrencies such as Bitcoin, Ethereum, and other altcoins.
Stocks: The platform offers trading in individual stocks from major global exchanges, allowing traders to buy and sell shares of leading companies.
Indices: Traders at 24Five can also trade various global indices, which are indicators of the performance of specific sections of the stock market.
Futures: For those interested in derivatives, 24Five provides futures trading, which involves agreeing to buy or sell a particular commodity or financial instrument at a predetermined future date and price.
Energies: The energy sector is another key area, featuring trading options in commodities like crude oil, natural gas, and heating oil.
Commodities: Beyond energies, traders can engage with a range of other commodities at 24Five, including precious metals like gold and silver, and agricultural commodities like wheat and coffee.
Trading Platform
24Five trading platform supports the MT4 trading platform. This platform is targeted at facilitating smart investing through a combination of a user-friendly interface and advanced trading tools. MT4 is engineered for ultra-fast trading, minimizing delays and enhancing the efficiency of order execution, which can be accessed on multiple devices including mobiles, desktops, and tablets.
To trade with MT4 through 24Five, traders need to register and open an account, which can be either a demo or a real one. Once the account is set up, traders can access their trading platform with their login credentials to buy and sell financial assets, manage orders, and tailor their strategies.
Deposit & Withdrawal
24Five supports a certain range of deposit and withdrawal methods to accommodate the diverse needs of its traders. Users can utilize Visa and MasterCard for quick and convenient transactions. AstroPay offers a secure alternative, so both deposits and withdrawals don't need to share sensitive banking details. Traditional bank transfers are available, suited for larger transactions.
Customer Support
24Five offers several customer support channels. Users can contact support via email at info@24five.comfor direct inquiries. 24Five also offers a call-back service where users can leave their name and phone number on the official website, and a representative will reach out to them. For immediate assistance, a contact form is available on its website, along with a phone support line at +447784108738. 24Five also maintains an active presence on social media platforms such as Facebook, Instagram, YouTube, X (formerly Twitter), and LinkedIn, providing additional channels for support and engagement.
Conclusion
As a broker, 24Five allows demo accounts trading and trading on MT4. However, it currently holds no regulations and does not provide information on key trading conditions on the website either. We do not recommend this broker to any user.
Frequently Asked Questions (FAQs)
Question: Is 24Five regulated？
Answer: No, it is not regulated.
Question: Does it support MT4/5？
Answer: Yes, it does support MT4.
Question: Can I use a demo account to practice trading？
Answer: Yes.
Question: Is my funds safe with 24Five？
Answer: Not at all. 24Five is a non-regulated broker and it does not apply extra security measures either.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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