Broker Summary
What Wikilix has recorded about 24K MARKETS: its history, the licences it holds, its trading conditions and its fees.
Overview
In 2023, a company called 24K Markets was formed to serve as a multi-asset broker for Forex, Crypto, Stocks, Commodities, Metals and Indices. The company was marketed as being the "Gold Standard" and offered low minimum deposits and its own proprietary platform. Although there was a period of rapid growth after launch, regulatory and trust concerns eventually resulted in the company ceasing trading on September 2025.
Company History
24K Markets was established and operated in Saint Lucia, through 24 Markets Ltd . The company used STP (Straight Through Processing) to fill orders from thousands of users at very low deposit requirements. However, due to a combination of poor operations and regulatory issues, the company ceased trading and recommended that its users switch to companies such as GatesFX.
Trading Platform
24K Markets had a proprietary web-based trading platform called TradeLocker which worked in both desktop and mobile browsers. The platform offered basic trading functionality, but it did not provide support for Meta Trader 4 or 5, nor was there a dedicated mobile app, which made the platform less attrative to professionals.
Account Types and Trade Instruments
24K Markets had four account types, with a minimum deposit of $10:
Account Type Minimum Deposit Notable Features
PRO $10 STP Execution, Swap-Free Option
VAR $10 Variable Spread, 24/7 Support
MINI $10 Entry Level with Demo Account
STANDARD $10 Basic Features, No Commissions
24K Markets offered the following instruments for trading:
Forex: 55 Pairs
Stocks: 73 Shares Listed In Both The USA And Europe
Cryptocurrency: 38 Assets
Commodities And Metals: Includes Gold, Silver, Oil, Etc.
24K Markets' Unique Selling Points (USPs) Included STP Execution, Islamic Swap-Free Options, 24/7 Live Chat Support, and training demo accounts.
Regulation and Licensing
24K Markets was an offshore company without any regulatory oversight by a regulatory agency. By allowing traders to deposit funds without regulation, 24K Markets exposed all traders to a lack of consumer protection and a risk of not being able to get their funds back.
Regulation/Gov. Agency License # Status
Saint Lucia Registered 2023-00364 Registered Only; No Oversight
FCA/CySEC/ASIC/NFA None Not Regulated
Comparison of All Brokers
Trading Conditions Details
Spreads Higher than Average
Leverage 1:500
Minimum Deposit $10
Commissions No Commissions. Afees by Affiliates: $0.50-$1.50 per Lot After $100 Earned
Stop Out Level 144% of Required Margin
Feature TradeLocker Platform Meta Trader 4/5
Access Web Browser Desktop & Mobile App
Analytics Basic Advanced
Mobile App None Yes
Customization Limited Very High
Fees
Deposit Fees: None Reported
Withdrawal Fees: None Reported
Inactivity Fees: $10
Commissions: None - Afees apply But As An Affiliate
Affiliated Bonus Options: None
User Experience And Reputation
Feedback for 24K Markets has been mixed to negative. Although several advantages include low deposits and various account offers, there were complaints about:
Delayed Withdrawals.
High Spreads.
Extreme Low Trust Ratings Based On CLEAR™, Which Equals 0.2/5 For This Broker.
Few Options For Funding An Account.
No Crypto Base Currency Accounts.
Problems Above Wounded 24K Market's Reputation, Which Affect Retaining Users.
Recent Developments
Unexpectedly, 24K Markets ceased Operations in September 2025, and they directed their customers to other brokers with stronger regulation and better trading conditions. No information has been announced about an eventual relaunch
Conclusion
Initially, 24K Markets appeared to be an attractive option due to its STP Execution and Large Asset Offerings for Low Deposits However, the company's Unregulated Nature, High Spreads, Weak Platform Technology, Withdrawal Issues, and Sudden Closure should serve as a warning of the significant risks associated with using unregulated offshore brokers. Traders should strive to Select Regulated Brokers in Order To Maintain A High Level Of Safety and Transparency.
Website snapshots
8 full-page captures of 24K MARKETS's own site, archived so what they said can still be read after the pages change.
Regulatory Licenses
We have not confirmed any regulation for 24K MARKETS. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for 24K MARKETS. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Funding Methods
8 ways to fund an account. 3 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| VisaCredit Card1 | Not recorded | Not recorded | USD 1 | Not recordedNot recorded | Instant |
| MasterCardCredit Card1 | Not recorded | Not recorded | USD 1 | Not recordedNot recorded | Instant |
Bank TransferBank TransferDeposits take 2-5 business days; withdrawals processed in 2-5 business days plus 2-3 days to reach bank account; no broker fees but third-party fees may apply. | Not recorded | Not recorded | USD 1 | Not recordedNot recorded | Up to 2 days |
E-walletsE-WalletDeposits typically instant to a few hours; withdrawals processed in 2-5 business days; no broker fees but third-party fees may apply. | Not recorded | Not recorded | USD 1 | Not recordedNot recorded | Instant |
| BitcoinCryptocurrency2 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 hours |
| EthereumCryptocurrency2 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 hours |
| TetherCryptocurrency2 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 3 hours |
Local Payment MethodsOtherAvailability depends on country; withdrawals must be made to customer-owned accounts; no broker fees but third-party fees may apply. | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Not recorded |
Broker's notes on these methods
- Withdrawals processed back to the same method used for deposit; no broker fees but third-party fees may apply. · applies to 2 methods
- Deposits typically take 3-6 hours depending on network congestion; withdrawals depend on blockchain confirmation times; no broker fees but crypto network fees may apply. · applies to 3 methods
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One other broker on the record shares what 24K MARKETS offers — its country, regulator, account types or platforms — set beside it on the same measures.
24K MARKETS
This recordSaint Lucia · since 2023· 24 Markets LtdWikilix score 31.0RegulationNo RegulationMax leverage1:500PlatformsNot recordedLicencesNot recordedTradona Markets
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Frequently Asked Questions
Common questions about 24K MARKETS
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