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24ProfitMarket Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-19 17:00

Abstract：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.

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