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24ProfitMarket

Item: 24ProfitMarket
Rating: 1.39

United Kingdom|2-5 years|

Suspicious Scope of Business|High potential risk|

https://24profitmarket.com

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Contact

https://24profitmarket.com

Flat 2 4 Cliff Road, Cowes, England, PO31 8BN

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away!

Previous Detection : 2024-11-21

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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24ProfitMarket · WikiFX Survey

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24ProfitMarket · Company Summary

24ProfitMarket Review Summary
Founded	2017
Registered Country/Region	Not mentioned
Regulation	Unregulated
Market Instruments	Forex, Commodities, Indices, Shares, Cryptocurrencies
Demo Account	×
Spread	From 0.0 pips (claimed)
Trading Platform	MetaTrader 4 web platform, MetaTrader 4 mobile platform
Min Deposit	€250

24ProfitMarket Information

Designed in 2017, 24Profit Market is an unregulated internet trading platform. Among the several financial tools it provides are forex, indices, equities, commodities, and cryptocurrencies.

Pros and Cons

Pros	Cons
Offers a range of financial instruments	Unregulated
Provide MT4	High withdrawal fees
Multiple account types

Is 24ProfitMarket Legit?

24ProfitMarket operates without any regulations.

What Can I Trade on 24ProfitMarket?

24ProfitMarket offers trading in MANY financial instruments.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Cryptocurrencies	✔
ETFs	❌
Bonds	❌

Account Types

24ProfitMarket provides 3 types of live trading accounts but does not offer demo or Islamic accounts.

Account Name	Minimum Deposit	Bonus	Suitable For
Bronze	€250	20%	Beginners
Platinum 1	€750	30%	Intermediate traders
Platinum 2	€1,000	50%	Advanced traders

24ProfitMarket Fees

24ProfitMarket's fee structure is high compared to standards.

Trading Fees

The broker offers competitive spreads starting from 0.0 pips. But it doesn't mention other trading fees.

Trading Platform

24ProfitMarket offers the MetaTrader 4 (MT4) platform.

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 4	✔	Web, Android, iOS	Both novice and experienced traders

Deposit and Withdrawal

Deposit fees

24ProfitMarket charges fees for withdrawals and has a minimum deposit requirement of at least €250.

Deposit Options	Min. Deposit	Fees	Processing Time
Credit/Debit Cards	€250	Not specified	Not specified
Wire Transfer	€250	Not specified	Not specified
E-Wallets	€250	Not specified	Not specified

Withdrawal fees

The broker imposes high withdrawal fees of $35, and charges additional charges for not meeting certain trading volume requirements.

Fee Type	Amount
Credit Card Withdrawal	$35
Bank Transfer Withdrawal	$50
E-wallet Withdrawal	$25
Additional Fee for Not Meeting 200x Turnover	10% of withdrawal amount