Headquartered In The United States, 24tradex Is An Online Broker That Offers Forex Trading Opportunities. 24tradex Offers The World's Leading Trading Platform - MT4 And Offers Leverage Up To 1:400. However, The Minimum Deposit Requirement To Open A Real Account Is As High As $1,000. To Make Matters Worse, It Is Currently Unregulated And The Official Website Is Not Accessible Properly.
Is 24tradex Legal?
Currently, 24tradex Operates Without Effective Regulation. This Lack Of Regulatory Oversight Can Create Trading Conditions Risk For Investors.
What Can I Trade On 24tradex?
Since There Is Very Limited Information Available About 24tradex, As Far As We Know, 24tradex Mainly Offers Forex And CFD Trading.
Leverage
24tradex Offers Its Traders A Maximum Leverage Ratio Of 1:400, Enabling Them To Magnify Their Trading Positions Up To 400 Times Their Initial Investment. It Is Important To Keep In Mind That The Greater The Leverage, The Greater The Risk Of Losing The Capital That Has Been Deposited. The Use Of Leverage Can Be Both Beneficial And Unfavorable To You.
Spreads And Commissions
24tradex Offers Competitive Spreads (the Difference Between The Bid And Ask Prices Of A Currency Pair), Starting At 0.6 Pips.
With Regard To Commissions (the Additional Fees Charged By Brokers When Executing Trades On Behalf Of Clients), The Relevant Information Is Not Easily Accessible Due To The Lack Of Access To The Website.
Deposits And Withdrawals
24tradex Offers Credit Cards, Bank Telegraphic Transfers, And Skrill. Minimum Withdrawal Amounts For Bank Cards And Skrill Do Not Exist, Providing Customers With The Flexibility To Withdraw Funds As Needed, While Telegraphic Transfers Have A Minimum Withdrawal Amount Of 100 Dollars, Which Is Relatively Standard In Many Financial Institution Groups.
However, Processing Fees Associated With Withdrawals Are An Issue. There Is A 3.5% Fee For Bank Card Withdrawals And A Fixed 30 Dollars Fee For Telegraphic Transfers, Which Can Significantly Reduce A Trader's Profits, Especially For Smaller Trades. These Processing Fees Are Higher Than The Industry Average And May Be Taken As A Warning Sign For Potential Customers.
