24K Markets Review

24K Markets Review

Advanced trading platform focused on XAU/USD
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24k Markets is a relatively new Forex Broker. The information about it is very limited, but it appears their domain is only 9 months old. It’s operated by 24k Markets Ltd, with the company number 2023-00364. The company is registered in Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.

  • Many trading assets available
  • User-friendly interface
  • Islamic accounts
  • Support available 24/7
  • Lack information about the company
  • Bad user reviews
  • Broker doesn’t seem regulated

Is 24K Markets Secure? What Do User Reviews and Ratings Say?

Unfortunately, there is little to no information about 24k Markets that prove its safety. Trustpilot and Reddit don’t seem to have any reviews. While on the other hand, Scamadviser rates 24k Markets with only 1 point, which indicates that there is a strong likelihood that it’s a scam. The detailed information also states that the domain is only 9 months old. 

This can actually be the reason why the site seems like a scam, but there is no way to tell 100%. What is actually a good thing is the fact that the broker is pretty transparent with the fees, and services they provide. Their FAQ is huge and you can probably collect all the information you need. The best thing for you to do is research thoroughly and weigh the pros and cons, and decide. 

Markets and Products

24k Markets provides you numerous financial instruments including Forex, stocks, commodities, indices, and Cryptocurrencies,

  • Stocks: You can access various global stocks for traders to participate in different equity markets.
  • Indices: Offers you  the opportunity to trade on major global indices.
  • Commodities: You’re able to trade commodities like metals and energy resources.
  • Forex: You can trade forex, major, minor, and exotic currency pairs.
  • Cryptocurrencies

24k Markets Fees and Charges

24k Markets are transparent about their fees and charges. The trading commissions are based on the currency symbol in your account and the commission rates are as follows:

AssetCommission Fee (per lot)
EU Shares$8
Standard Forex$7
Forex Pro$8
Mini Forex$1
Mini Indexes$8
US Shares$8

Transaction Fees

Bitcoin via Debit/Credit Card:0%
Cryptocurrencies (USDT/DOGE/ETH/LTC/USD Coin/Ripple)2.5%

24k Market doesn’t charge you any fees for withdrawal. Your wallet provider may actually charge you fees, that 24k Markets is not responsible for.If you’re withdrawing via Crypto, there’s a charge by the network used.

24k Markets Account Types & Account Opening

At 24k Markets, you can open a Real or Demo Account. Each of them are for different levels of trading experience with different spreads, leverage etc. Check them out:

Real Accounts

Account TypeSpreadLeverageOrder Volume
Standard AccountFrom 0.8 pipsUp to 1:500Lot $7
Pro AccountFrom 0.4 pipsUp to 1:500Lot $8
Var AccountFrom 0.2 pipsUp to 1:500No
Mini AccountFrom 1.0 pipsUp to 1:500Lot $1

Demo Accounts

Account TypeDescription
Risk FreeZero Risk, Real market conditions
PracticeDemo trading, Practice before profits
Learn No-string trading

How to Open an Account

You can create an account at 24k Markets in a few steps:

  • Click the “Sign up” Button in the top right corner of the page
  • Read and agree to the terms & conditions
  • Fill in the needed information
  • Click “Sign up” 
  • After you receive an email click tap the “Complete sign up” option
  • Fill in the additional information
  • Click “Create Your Account” button, and you’re done

There’s also a two-factor authentication option available. You can enable it via Authenticator Application, SMS, and Email. If you wish to disable it, just go to settings, authentication method, toggle the button to disable 2FA, enter the 6-Digit Code and tap disable.

There are several restricted countries where you can’t open an account: Afghanistan, Botswana, Burma(Myanmar), Democratic Republic of Congo, Crimea, Cuba, Ethiopia, Iran, Iraq, Japan, Libya, Malta, North Korea, Pakistan, Republic of Congo, Russian Federation, Somalia, Spain, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, Zimbabwe. 

Islamic Trading Accounts

You’re also able to open an Islamic Account at 24k Markets. This means you can trade in with Sharia Law, since it’s a swap-free account. You still have all the available instruments available to trade when using this account, and you will still be subject to commission fees, standard spreads, and any other standard terms. To open an Islamic account follow these steps:

  • Select “My accounts” 
  • Click “Create Account” button
  • Select which trading platform and account type you want
  • Choose the currency
  • Select the leverage you wish
  • You’re done

Trading Platforms

24k Markets offer a TradeLocker platform for you to trade. This is a new trading platform that’s used with many brokers and prop firms. There’s a whole tutorial in the FAQ section about TradeLocker. You can find there all the information you need from creating a TradeLocker account, to detailed descriptions on how to use it. 

24k Markets Educational Content

So far, 24k Markets doesn’t offer adequate educational content that can help you if you’re a beginner. Since the broker is new, there is room for improvement, and there’s a chance they will have it in the future. 

Customer Service Overview

There are two ways you can contact 24k Markets, via email and ticket, and they’re available 24/7.. You can quickly and easily get in touch with them by clicking the “Submit a ticket” button in the FAQ section. There is a short form you’ll need to fill. You can also send them an email if you want at: [email protected].

24k Markets Deposit and Withdrawals

There are several deposit methods you can use at 24k Markets: Bitcoin ,Litecoin, Ripple, Dogecoin, Tether (USDT) (TRC-20), USD Coin (USDC) (BEP-20/TRC-20), Bitcoin via Instacoins. For all the mentioned methods the minimum deposit is $10, except  Bitcoin via Instacoins that’s $50. You’re not limited when it comes to the maximum deposit. 

Remember that the processing times vary for every deposit because of the Blockchain Network. 

You’re able to use Bitcoin as an only withdrawal method at the moment. The minimum withdrawal amount is $100. 24k Markets mentioned that they’re working hard on adding more. You can easily withdraw your funds following these steps:

  • Click on “Withdraw”
  • Select the withdrawal type and wallet you want
  • Enter the withdrawal amount and click “Request Withdrawal”
  • Provide your crypto address
  • You will receive an email confirmation
  • You’re done

Author Opinion on 24k Markets

24k Markets is an interesting new Forex broker that offers many instruments across various markets. Although there are no real user reviews, and the Scamadviser rates the site as risky and scam, they seem to be very transparent about the fees, charges, accounts, deposit and withdrawal options etc. If you want to give this broker the benefit of doubt, it seems like a great opportunity even if you’re a beginner or experienced trader. If you want to learn, there are a few demo accounts for you. For the more experienced traders, there are real accounts that you choose based on your experience level.


What is the minimum deposit at 24k Markets?

The minimum deposit at 24k Markets is $10, except Bitcoin via Instacoins which is $50.

What is the minimum withdrawal at 24k Markets?

The minimum withdrawal at 24k Markets is $100.

How long is 24k Markets’ withdrawal?

Withdrawal times depend on the traffic of the network you’re using.

Which broker is better than 24k Markets?

This depends on your trading needs and preferences. You can compare features, fees, regulatory compliances, and user reviews and see what broker fits best for you.

How much commission does 24k Markets take?

Commissions at 24k Markets depend on the instruments being traded.

Welcome Bonus
Min Deposit: $10
Licensing & Safety
Bonuses & Promotions
Customer Support
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24K Markets Review