24FX is a relatively new broker on the market. It is owned by Rodeler Limited, a CySEC(Cyprus Commission for the Securities and Exchange Commission) regulated broker. The company entered the market in 2013. After the financial crisis in Cyprus in 2013, CySEC clamped down on financial service companies and issued much more stringent regulations. 24FX is in compliance with these regulations, a benefit for all traders.
CUSTOMER SUPPORT SERVICE
24FX has professionally established and arranged customer support which is multilingual and available 24 hours. You can ask for help using such types of connection as a phone call, email, live chat, whatever is suitable for you at the moment.
They have a variety of account options that’s why it makes your trading really easy. They offer you Demo account which is supposed to be for beginners to have more practice before opening a real account, Mini account offers you to trade on currencies, VIP account in its turn proposes trading on Commodities, Stocks plus currencies, Islamic account intends for Muslim traders and this type of account suggests non-commission mode according to Muslim religion, and Managed type of account proffers you qualified and competent support of a professional broker! This number opens you big possibilities and you can easily pick the type which will be appropriate for you.
The next important thing about 24FX is their trading platform. It has multi-lingual MT4 and the firm also supports the Sirix Webtrader. For traders on the go, they created iPhone App so you can track your trades whenever it’s comfortable for you. Also, they have Automated Trading which allows you to establish specific rules for both entries and exits that, once programmed, can be automatically executed via a computer which is really convenient and saving time tool. As for security and safety, the latest in 128-bit SSL(Secure Sockets Layer) technology is employed to encrypt all data transmissions to keep the hacking community at bay.
ARE THERE ANY PROBLEMS WITH DEPOSITS AND WITHDRAWALS ?
24FX can receive your deposits from as many as 22 different service providers. Credit cards, wire transfer, eWallet, Neteller, and Skrill (Moneybookers) are standard, but there are also several other local and regional payment processors that may be more convenient for you. Withdrawal requests will be handled promptly, as long as the proper identity information is current and on file, as prescribed by international Anti-Money Laundering statutes.
In conclusion, though they are new on the market they already showed their competitiveness. In addition, the new and improved regulatory oversight of CySEC, and the value proposition becomes even stronger.
In spite of all positive features, there are still a lot of complaints, from which you can learn and decide whether trade with this particular broker or not. You can find and read all kinds of complaints here.