Overall Score40 / 100The Wikilix trust rating of 24 markets.com, out of 100, built from the five factors below.The licences it claims have not been checked on any official register, and its client terms carry high risk, with 8 critical clauses.Regulation34%Identity39%Client terms18%Trading offer67%Service44%Score last calculated 2026/10/23
Trading Conditions
Min Deposit:
USD100
Max Leverage:
500
Account Types
Basic
Standard
Standard
Official website
24markets.com
Online · checked Sep 10, 2026
Funding Methods
4 methods
Bank Wire Transfer
wire transfer
Not recorded
Fee:Not recorded
Fee:Not recorded
Credit/Debit Cards
credit card
Not recorded
Fee:Not recorded
Fee:Not recorded
E-wallets
e wallet
Not recorded
Fee:Not recorded
Fee:Not recorded
Online Payment Methods
other
Not recorded
Fee:Not recorded
Fee:Not recorded
Trust rating
High risk35 to 49. Serious gaps in regulation, client terms or conduct; the record points to real risk for a deposit.Why: The licences it claims have not been checked on any official register, and its client terms carry high risk, with 8 critical clauses.
40 out of 100 · 71% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.· Provisional
Do not trust
High risk
Fair
Good
Excellent
The licences it claims have not been checked on any official register, and its client terms carry high risk, with 8 critical clauses.
We checked 24 markets.com on 2026-10-23 across its regulation, company record, client terms, trading offer and service, and could verify 71% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 40 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms carry high risk, with 8 critical clauses.
Score last calculated 2026/10/23
Regulation
Is someone watching them?
34out of 100
Poor
Counts for 35% of the score93% checked
What we checked
Best licence in force40
FSCA 50640 claimed, not checked on the register · Feb 3, 2026
Regulator protections30
FSCA: 3 of 5 protections (claim, unchecked) · Feb 3, 2026
Licence held by the onboarding entity50
No licence checked on a register yet · Feb 3, 2026
Extra licences in force0
1 claimed licence(s), none checked · Feb 3, 2026
What this measures
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
39out of 100
Poor
Counts for 15% of the score60% checked
What we checked
Registry-verified entity0
No registered entity recorded
Verified ageNot checked yet
No verified age
Transparency25
1 of 4 transparency checks met (entity, address, complaints, ownership)
Site integrity100
Website reachable and not redirecting · Sep 10, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
18out of 100
Poor
Counts for 15% of the score87% checked
What we checked
Policy risk20
Policy risk score 8/10 · Oct 1, 2026
Critical clauses0
8 critical clause(s) · Oct 1, 2026
Withdrawal rails0
4 rail(s): 0 fee-free of 0 known, 0 instant of 4 known, minimum unknown · Feb 3, 2026
Language parity10
18 contradiction(s) between language versions · Oct 1, 2026
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
67out of 100
Good
Counts for 20% of the score55% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account type100
9 of 9 pricing cells filled across 3 account type(s) · Feb 4, 2026
Instrument breadthNot checked yet
No instrument counts known
Platforms75
1 platform(s) (MetaTrader 5) · Feb 4, 2026
Leverage vs regulated cap45
Maximum leverage 1:500 · Feb 3, 2026
Minimum deposit80
Minimum deposit $100 · Feb 3, 2026
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
44out of 100
Poor
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels33
2 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Feb 4, 2026
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What 24 markets.com legally published, but does not want you to read
Wikilix contract reading ·
High contract risk
24markets.com promises negative balance protection on every account. Its own risk disclosure says your losses may be unlimited and that you are liable for any deficit. The contract lets P24 Capital Markets LTD reverse your profits at its sole discretion, and one clause has you waive the right to argue about it. An account with no trading for 90 days pays $30 a month, and three promotions still on sale today run under terms that expired on 30 June 2026.
8Critical clausesClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
27Clauses flaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
17Documents readHow many of the broker’s own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
8.0/10Contract riskHow far this contract goes overall, from 0 to 10. 3 to 5 means real costs a client should know about; 6 to 8 means several clauses put money already earned at risk.
What Wikilix has recorded about 24 markets.com: its history, the licences it holds, its trading conditions and its fees.
Introductory Paragraph
The goal of both novice and experienced traders is to find a trustworthy brokerage firm to conduct business with in the online trading community. 24 is marketed as an all-around trading platform with access to many financial instruments. With its focus on contracts for difference (CFDs), this brokerage covers a wide range of trading styles, including forex (both major and exotic), global indices, stocks, cryptocurrencies, commodities & futures, and has therefore been developed to meet the requirements of many different trader preferences.
Despite being marketed as a professional broker and making transparency claims, there is very little publicly available information about 24 . This lack of information only adds to the mystery surrounding this brokerage, making it impossible to build a history of their business methods or establish historical data with which to assess their viability in today's fast-paced, competitive marketplace. The article provides a comprehensive overview of this financial services provider.
Where Did 24 Come From?
The broker is owned by Prime Capital Markets (PCM) LTD, which is incorporated in Mauritius. The registered office of PCM can be found at 8th Floor, Suite 803, Hennessy Tower, Pope Hennessy Street, Port Louis, Mauritius, with its company registration number being 205994; however, there is very limited information about the founders of this brokerage, when they started the company, and how they have evolved throughout their time in business. As a result, there is no way for a potential trader to assess their past performance or future growth.
What Are The Offering Features and Characteristics Of 24 ? 24 allows traders to open contracts for difference (CFDs) on several asset classes. The asset classes offered by this brokerage include: forex currency pairs, global indices, individual stocks, cryptocurrencies, and commodities. The fact that all these assets are available from a single location should provide traders with ample opportunities to diversify their portfolios.
One of the stated important features of 24 is its mobile application, which enables hands-free trading on the go, delivering quick executions and access to thousands of investment opportunities. The broker is also an Introducing Broker (IB) and offers an affiliate referral program, enabling its partners to earn income by referring clients to the brokerage.
A distinct feature of this brokerage that may allow traders to truly invest in equities rather than simply acquire a CFD on an equity is that customers can obtain real shares through the broker, thanks to access to the underlying market.
In addition, the broker provides educational resources, market news, market insights, and trading tips to help traders decide how they would like to trade.
Are They Regulated?
What Is Their Regulation And Licensing Status?
Regulatory compliance is obviously very important for all those wishing to become involved in an online brokerage, as the regulations primarily pertain to the safekeeping of client funds resulting from a number of factors during the execution of customer orders.
24 is regulated by the Mauritius Financial Services Commission (FSC) and is therefore permitted to offer Contracts for Difference under its Global Business License No. – GB23202449 Code FS-4.1. While the FSC does have rules and regulations that govern the financial services industry, such as minimum capital requirements, holding client funds in a segregated account and filing of financial statements with regulatory agencies, it is not considered to be a first-class regulatory authority according to industry standards and may create an atmosphere of increased risk for any traders searching for first-class regulatory coverage.
There have been some reports regarding a South African FSCA license; however, these reports have been identified as being unverified by their respective regulatory authorities (such as the CNMV), and should therefore be viewed with caution.
Regulator
License Number
Status
Financial Services Commission (FSC), Mauritius
GB23202449 (Code FS-4.1)
Authorized and Regulated
Trading Conditions And Platform
The trading conditions of , including spreads and commissions, leverage levels, minimum deposit requirements, etc., are not published in detail. It may be difficult for traders to make trades with any clarity if there are no clearly defined costs or trading parameters.
The broker offers a great mobile app that enables quick trades and provides access to a wide range of asset types. However, there is no information on the availability of either the well-known trading platforms, MetaTrader 4 or 5, or on proprietary trading tools or advanced charting capabilities.
I am unable to verify the information from a third-party source stating there was a minimum deposit of $1000 and a maximum leverage of 1:1, as it conflicts with the information from the Mauritius registration.
Feature
Details
Asset Classes
CFDs on Forex, Indices, Stocks, Cryptocurrencies, Commodities
Minimum Deposit
Not Specified
Leverage
Not Specified (Unverified: 1:1)
Spreads
Claimed Tight, Not Specified
Trading Platforms
Proprietary Mobile App (No MT4/MT5 info)
Execution Speed
Fast Execution Claimed
Fee Structure
There is no detailed information available regarding the fee structure of 24 . The broker does not publicly disclose deposit fees, withdrawal fees, inactivity fees, or commissions on trades. This absence of clarity may be a drawback for traders who require full transparency on costs before committing funds.
Based on available data, the broker claims no deposit or withdrawal fees, but these claims cannot be independently verified.
Experience and Reputation of the Market
24 claims to be "Trusted by Thousands" and to have a professional appearance, with client fund safety protocols. The broker provides customer support 24 hours a day, seven days a week via live chat, WhatsApp, and email, and has a Help Center with Frequently Asked Questions covering topics such as registration, KYC (Know Your Customer), security, platform usage, and trading.
However, there is a lack of compiled user reviews or ratings from independent sites. Outside sources have raised concerns about possible scams stemming from the broker’s regulatory situation outside major jurisdictions and its marketing channels (e.g., email, forums, and social media). Prospective traders are urged to exercise caution and conduct thorough due diligence before dealing with 24 .
Recent Events
There are no recent public updates or news on any significant developments or changes to 24 in 2024. Neither the broker’s website nor external sources list any major events or advancements for 2024-2025.
Conclusion
24 provides its customers with a wide array of trading instruments via a mobile-friendly platform and is regulated by a Mauritius-based agency. The broker offers a number of critical services, such as CFDs across a variety of asset classes and affiliate programs, but the lack of detailed information on the firm’s trading conditions, fees, and history will make it difficult for prospective customers.
Traders considering trading at 24 should weigh the advantages of its attractive offerings (applicable to most traders) against the disadvantages of its lack of transparency and unregulated status. Traders should conduct thorough research and exercise caution when trading with a brokerage not regulated by a reputable authority.
Every licence 24 markets.com has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.
0 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
0
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
0
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
1
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Financial Sector Conduct Authority50640
Recorded from the firm's own disclosure. Not yet checked against the register.
Jurisdiction
South AfricaOffshore
Authority strength
Tier 2
Licence type
Financial Service Corporate
Not yet checked on the register
Client protection under this licence
Compensation schemeUp to ZAR 500,000
Complaints routeFSCA Dispute Resolution
Maximum leverage1:30
These are the rules FSCA sets for the firms it licenses. They are not a statement about how 24 markets.com applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.
Details
Websites
Global Domains
One domain on record. All active and served over HTTPS.
1 domain
24markets.comMain siteActiveHTTPS
Peer comparison
Brokers worth comparing
4 other brokers on the record share what 24 markets.com offers — its country, regulator, account types or platforms — set beside it on the same measures.
24 Markets offers trading in various regulated financial instruments including Forex, bonds, stocks, funds, derivatives, and CFDs. These instruments are covered under their FSCA license, which ensures regulatory oversight.
24 Markets offers customer support via live chat during business hours and provides phone support at +15558269881. They also have email support available at support@24markets.com and maintain social media channels on platforms such as Facebook, LinkedIn, Instagram, WhatsApp, and X.
On 24 Markets, the maximum leverage offered is 500. This high leverage level allows traders to control larger positions with a smaller amount of capital, but it also increases risk.
24 Markets requires a minimum deposit of 100 USD for all supported funding methods including bank wire transfer, credit/debit cards, e-wallets, and online payment methods. Deposits typically process within minutes to a few hours, and 24 Markets does not charge fixed deposit fees, though third-party fees may apply.
24 Markets provides the MetaTrader 5 platform, a multi-asset trading software developed by MetaQuotes Software Corp. It supports desktop use and offers advanced analytics, faster execution, and algorithmic trading tools. This platform is widely recognized in the trading industry.
24 Markets is registered under P24 Capital Markets LTD and holds a Financial Service Corporate license issued by the Financial Sector Conduct Authority (FSCA) of South Africa. The FSCA is a government-regulated authority with a high transparency level and client fund insurance up to ZAR 500,000. However, 24 Markets is currently flagged as a suspicious clone, which suggests caution.
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