Clients of D24FX are offered a choice several account types – Micro and Standard one (listed above), as well as Gold & Platinum for those who are ready to deposit more funds ($5 000), and an Islamic (swap-free) account. We did not include those in the table above, as we would not advise you to invest a lot of money with this broker, as it is registered offshore. All account types offer variable spreads, commission-free trading and maximum leverage up to 1:200 on the Sirix trading platform.
Such leverage levels are considered average for the forex sector. The minimum initial deposit of $250 required is also typical, however most unregulated offshore brokerages (like D24FX) require less. What is more, many leading duly licensed companies have set no minimum amount for account opening – IG, CMC Markets.
As regards the cost of trading, D24FX claims it does not apply commission fees and when we tried out the demo web platform the spread on the EUR/USD was 0.2 pips. Too good to be true. Indeed, the demo account is not functioning properly. When we open a position, none of the indicators are working (Profit/Loss, Commission, etc.). We contacted the customer support, but no one bothered to reply.
Another thing worth mentioning is that we could not open a position with size less than 100k. So, there are no micro tradeable lots with D24FX.
The Company. Security of Funds
24 Global Media LTD
D24FX offers trading in around 30 currency pairs, commodity, stocks & index CFDs, as well as Bitcoin. The company behind the brand, 24 Global Media LTD., is registered in the Marshall Islands.
Companies registered in Marshall Islands just need to complete a simple registration procedure and don’t face any of the strict requirements that brokerages regulated in UK or Australia do. To put it simply, doing business with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any.
These things, as well as the irresponsive customer support and insufficient information about trading conditions, prompt the advice to avoid this broker.
D24FX offers its customers Leverate’s Sirix platform, available as desktop, web and mobile versions.
This platform has a user-friendly interface, advanced charting tools and provides fast execution and built-in social trading service, allowing traders to observe and mirror other users’ trading performances.
Methods of Payment
D24FX offers its clients the following payments methods: bank wire transfer, credit/debit cards, Skrill, PayPal, Neteller, WebMoney and CashU.
D24FX is an offshore brokerage that supports the Sirix trading platform. Our main concern with this broker is the fact that it is not regulated.
D24FX Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about D24FX Review.