General Information
24Five Is A Broker, Also Known As Onewold Ltd, Founded In 2015 And Based In The United Kingdom. There Is Currently No Regulation.
Pros And Cons
Pros:
Multilingual Official Website: The Website Supports Multiple Languages Including English, French, Spanish And Portuguese.
Demo Account Available: Traders Can Use A Demo Account To Practice Trading Strategies Without Any Risk.
Support For MT4: The Platform Supports MetaTrader 4, One Of The Most Popular And Powerful Trading Platforms, Favored For Its Advanced Charting Tools, Automated Trading Features And User-friendly Interface.
Disadvantages:
Unregulated: 24Five Lacks The Supervision Of Any Major Financial Institution Group, Which Is A Major Concern For The Safety Of Traders' Funds.
Insufficient Information On Key Trading Conditions: The Platform Does Not Provide Clear Information On Key Trading Conditions Such As Leverage, Spreads, Commission Rates And Minimum Deposit Requirements, Which Are Important For Users To Make Trading Decisions.
Is 24Five Legal?
Regulatory Situation: 24Five Is Not Currently Regulated By Any Regulator, Which Means That It Is Not Supervised By Any Financial Regulator, Nor Does It Have Any License To Operate A Financial Marekt. The Lack Of Such Supervision Raises Concerns About The Company's Compliance With Financial Standards And Regulations, Increasing The Risk For Investors.
Security Measures: So Far, We Have Not Found Any Information About The Security Measures Of This Broker.
Market Tools
24Five Offers A Range Of Market Tools. These Include:
Forex: Traders Have The Opportunity To Trade Various Currency Pairs, Including Major Currency Pairs, Minor Currency Pairs, And Exotic Currency Pairs.
Cryptocurrencies: With The Growing Popularity Of Digital Currencies, 24Five Offers To Trade Some Of The Most Popular Cryptocurrencies, Such As Bitcoin, Ethereum, And Other Altcoins.
Stocks: The Platform Offers Trading Of Individual Stocks From Major Global Exchanges, Allowing Traders To Buy And Sell Shares Of Leading Companies.
Indices: Traders Of 24Five Can Also Trade Various Global Indices, Which Are Indicators Of The Performance Of A Particular Stock Market Segment.
Futures: For Those Interested In Derivatives, 24Five Offers Futures Trading, I.e. An Agreement To Buy Or Sell A Particular Commodity Or Financial Instrument At A Predetermined Future Date And Price.
Energy: The Energy Sector Is Another Key Sector, Offering Trading Options For Commodities Such As Crude Oil, Natural Gas And Fuel Oil.
Commodities: In Addition To Energy, Traders Can Trade A Range Of Other Commodities At 24Five, Including Precious Metals Such As Gold And Silver, As Well As Agricultural Products Such As Wheat And Coffee.
Trading Platform
The 24Five Trading Platform Supports The MT4 Trading Platform. The Platform Is Designed To Facilitate Smart Investing Through A User-friendly Interface And Advanced Trading Tools. MT4 Is Designed For Ultra-fast Trading, Minimizing Latency And Improving The Efficiency Of Order Execution, And Is Accessible On Multiple Devices, Including Mobile Phones, Desktops And Tablets.
To Trade Using MT4 Through 24Five, Traders Need To Register And Open An Account, Which Can Be A Demo Account Or A Live Account. Once The Account Is Set Up, Traders Can Use Login Credentials To Access Their Trading Platform, Buy And Sell Financial Assets, Manage Orders And Adjust Their Strategies.
Deposits And Withdrawals
24Five Supports A Range Of Deposit And Withdrawal Methods To Meet The Diverse Needs Of Traders. Users Can Use Visa And MasterCard For Fast And Easy Transactions. AstroPay Offers A Secure Alternative, So Deposits And Withdrawals Do Not Need To Share Sensitive Bank Details. Traditional Bank Transfers Can Also Be Used For Larger Transactions.
Customer Support
24Five Offers Multiple Channels Of Customer Support. Users Can Consult Support Directly Via Email (info@24five.com). 24Five Also Offers A Callback Service Where Users Can Leave Their Name And Phone Number On The Official Website And A Representative Will Contact Them. For Immediate Assistance, A Contact Form Is Available On The Website, As Well As A Telephone Support Hotline (+ 447784108738). 24Five Also Remains Active On Social Media Platforms Such As Facebook, Instagram, YouTube, X (formerly Twitter) And LinkedIn, Providing Additional Channels For Support And Interaction.
