24K MARKETS

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.