Score

5.17 /10
Average

Forex24

Regulated in Cyprus

Straight Through Processing(STP)

United Kingdom European Authorized Representative (EEA) Unsubscribed

Medium potential risk

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Score

Regulatory Index4.29

Business Index7.77

Risk Management Index8.22

Software Index4.00

License Index4.29

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VPS Standard
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Broker Information

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Company Name

Lydya Financial Ltd

Company Abbreviation

Forex24

Platform registered country and region

Cyprus

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WikiFX Risk Alerts
Previous Detection : 2024-12-22
  • United KingdomFCA (license number: 782501) The regulatory status is abnormal, the official regulatory status is Unsubscribed. Please be aware of the risk!

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Forex24 · Company summary

General Information& Regulation

Forex24 is a brand owned and operated by Lydya Financial Ltd, a Cyprus Investment Firm (CIF) regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 300/16 and Company registration number HE334292. Forex24 is a holder of a MiFID passport for all E.U. countries, except Belgium. It is also registered with: FCA in the UK with reg. no. 782501; BaFin in Germany with reg. no. 1349943; CONSOB in Italy with reg. no. 4624; ACP in France with reg. no. 75980; CNMV in Spain with reg. no. 4373.

Market Instruments

Forex24 offers investors a range of financial instruments including CFDs on Forex (68+ currency pairs), Commodities, Metals, Energies, Indices, Equities and Cryptocurrencies.

Accounts & Leverage

There are 3 different account types to choose from at Forex24, namely Bronze, Silver and Gold. The account currency is USD/EUR/GBP. The maximum leverage is up to 1:30 for major Forex pairs (currency pairs comprising any two of the following currencies: USD, EUR, JPY, GBP, CAD and CHF) and 1:20 for non majors.

Spreads & Commissions

Forex24 offers floating spreads which start at 2.8 pips for Bronze Account, 1.7 pips for Silver Account and 1.2 pips for Gold Account. The commission per side on base currency is 0.0029% for Bronze Account, 0.0025% for Silver Account and 0.0020% for Gold Account.

Trading Platform

Forex24 provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) platform for PC, iPhone/iPad and Android as well as WebTrader for PC.

Deposit & Withdrawal

Payment methods include Visa, Mastercard, Bank Wire and Skrill. The deposit fee is covered by the company and the withdrawal fee is 1 unit of the base currency of your account. Forex24 does not accept any third-party fund transfers. A client can only deposit funds to their own account.

Trading Hours

The trading times at Forex24 depend on the specific market. For example, clients can get direct access to the forex market 24 hours a day, 5 days a week (Mon-Fri 00:00-23:58).

Accepted Countries

Forex24 does not provide services to residents of the USA, Canada, Japan, North Korea, Iran, Belgium and some other regions. Lydya Financial Ltd is authorized to provide Investment and Ancillary Services to the following countries: Austria, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The Netherlands, United Kingdom.

Customer Support

Clients can send Forex24 a message via https://forex24.com/pages/contact-us or by phone Client Support: +357 26 03 04 28, or via email: backoffice@forex24.com (General Inquiries: info@forex24.com, Partner Inquiries: affiliates@forex24.com, Marketing Inquiries: marketing@forex24.com)

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ㅤ93628
more than one year
I recently tried to access Forex24's website, but the loading speed was painfully slow. I value my time and need a broker with a website that loads quickly and efficiently. The slow loading speed of Forex24's website is a major turn-off for me, as it suggests that the company may not prioritize its clients' experience.
I recently tried to access Forex24's website, but the loading speed was painfully slow. I value my time and need a broker with a website that loads quickly and efficiently. The slow loading speed of Forex24's website is a major turn-off for me, as it suggests that the company may not prioritize its clients' experience.
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2023-03-23 10:21
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Tran Hoang Dung
more than one year
So far so good! Just started using them and so far they've been great. They have low spreads and commissions like they said which are fantastic! I just wish the Leverage was a little higher but I believe it will do!
So far so good! Just started using them and so far they've been great. They have low spreads and commissions like they said which are fantastic! I just wish the Leverage was a little higher but I believe it will do!
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2022-12-19 15:49
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