Trader24 Forex Broker
Company | Trader 24 |
---|---|
Established in | 2011 |
Online since | 2011 |
International Offices | Cyprus |
Payment Methods | CashU, JCB, Maestro Card, MasterCard, POLi, Skrill (Moneybookers), Visa, Visa Debit, Visa Electron and Wire |
Demo Accounts & Platforms | Yes |
Account currencies | US Dollar, GB Pounds, Euros and Australian Dollar |
Regulated & Registered by | CySec |
Are US Traders allowed? | Not Welcome |
Bonus? (detailed) | $15 to $500 free bonus referral of a friend |
Languages in which website is available? | English |
Languages in which Support is available? | English |
Different Support methods? | Toll Free Phone In United States, U.K, Australia, New Zealand and South Africa, Live Chat, Online Web Form, Email. |
Types of Account (micro standard executive islamic) | |
Minimum deposit in accounts | $100 |
Minimum position size | 0.01 Lot |
Type of Spread? | |
Minimum spread on EUR/USD, pips | |
Is Scalping Allowed? | |
Types of Trading Instruments (GOLD; CFD, etc. and the leverage) | Forex, Indeces, Stocks, Soft commodities, Gold & Silver |
Real Trading platforms | Meta Trader 4 and Sirix Web Trader |
Digits after the dot in quotes | |
Margin call level | |
Stop-out level | |
Total Number of currency pairs | |
Any Bonus offers | Yes |
Affiliate program Available? | Yes |
Facility of Overnight interest rates (swaps) | |
Do they have Trailing stop? | |
Do they have Pending orders? | |
Mobile trading allowed? | |
Browser-based platform present? | Yes |
Trade24 forex broker is a new entrant in the forex market but has been able to carve a niche of itself in a very short span of time. The company was founded in the year 2011 and to reach the traders all over the globe they also started their internet based online trading service the very same year. The company is regulated by CySec, a financial regulating authority in Cyprus and also has its office there. They have many bonus offers for their client which is an added advantage as the bonus adds to the fund. The referral bonus to the traders amounts to $15 to $500. They also provide mobile trading facility which means the trader can trade even when they are travelling and have access to the internet. The browser based platform allows the trader to start trading directly without having to download any software. They have many payment options both for the deposit as well as withdrawal of funds making it easy affair for the traders. The currencies allowed in the trader’s account include United States Dollar, Great Britain Pounds, Euros and Australian Dollars.
They do not entertain traders from United States and hence are forbidden to trade from their accounts. They have 16 currency pairs to trade in and it includes all the major pairs. The trading platform offered by the company to its trader is Meta Trader 5 and for web based the platform is Sirix Web Trader. The minimum deposit required to open an account with them is $100 with minimum trade size of 0.01 lots. They offer trading in instruments like Indices, stocks, soft commodities, Gold & Silver along with forex. The customer support service and the website are available in English. The customer service staffs are very prompt in their replies and are also very friendly.
The reviews for a company show its popularity among its users and give their feedback about the product or service. The reviews for Trade24 are very positive and show that in a very short period of time it has made a mark in the forex market. The most liked feature of the company is that they provide trading in lot many other instruments other than forex. The trading platform is also liked by many and as mentioned in the reviews they have many features and are also very fast allowing the traders to trade successfully. They have many bonus offers which are liked by the traders. The welcome bonus is up to $2000 whereas they have a referral bonus of $15 to $500. There is no deposit or withdrawal fee and is liked by many traders. The customer support service can be availed via toll free number which is there for United States, UK, Australia, New Zealand and South Africa, Live chat and web form. One of the cons is that they have website and customer care service only in English. The average rating given to the company by its users is 5.6 out of 10.