24 Exchange

24 Exchange | 2024-09-30 15:55

Extracto：24 Exchange is an unregulated Bermuda registered broker offering traders the opportunity to trade Forex and NFDs. However, the brokerage exposed more problems.

Company Name	24 Exchange Bermuda Limited
Registered Country/Area	Bermuda
Regulation	Unregulated
Trading Platforms	GUI
Tradable Assets	Forex, NFDs
Customer Support	Phone, Email, Social Media and Physical Address

24 Exchange Information

24 Exchange is an unregulated Bermuda registered broker offering traders the opportunity to trade Forex and NFDs. However, the brokerage exposed more problems.

Pros and Cons

Pros	Cons
	No regulation
	MT4/5 is not supported
	Only trade foreign exchange
	No account information

Is 24 Exchange Legit?

24 Exchange's current state of operation is unregulated and therefore carries a degree of risk. Please pay attention to the safety of personal funds and guard against risks.

What Can I Trade on 24 Exchange?

24 Exchange offers the opportunity to trade Forex and NFDs. No other major trading products are available.

Tradable Instruments	Supported
Forex	✔
NFDs	✔
Precious metals & Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
ETF	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
GUI	✔	Web, Desktop, Mobile	Beginner
MT4	❌
MT5	❌

Customer Service

24 Exchange does not offer a 24/7 live chat service. Traders can access customer service through phone, email, social media, and physical addresses.

Contact Options	Details
Phone	+1441 (203) 212–8032
Email	sales@24exchange.com
Social Media	Twitter, LinkedIn
Website Language	English
Physical Address	3rd Floor, Sophia House 48 Church Street Hamilton HM12 Bermuda

The Bottom Line

To be honest, 24 Exchange has very few products to trade, and key information, such as accounts of interest to consumers, is not publicly available. Beyond that, MT4/5 is neither supported nor regulated. Looks like a “three-no” broker. Therefore, it is not recommended that traders enter into transactions with this broker.

FAQs

Is 24 Exchange safe?

No, 24 Exchange is not safe at all. It's unregulated and has very little security.

Is 24 Exchange good for beginners?

No, it's not for beginners, due to factors such as unregulated and incomplete information disclosure.

Is 24 Exchange good for day trading?

No, it is not suitable for day trading. 24 Exchange is unregulated and does not support the MT4/5 platform. The limited range of tradable instruments limits traders' trading opportunities.