24icapital or 24icapital.com competes among the top MetaTrader brokers, offering the MT5 platforms with multiple accounts and execution methods. The primary drawback to an otherwise balanced offering is pricing that is higher than the industry average.
Top Takeaways for 2021
- Founded in 2017, 24icapital is regulated in one tier-1 jurisdiction and two tier-2 jurisdictions, making it a safe (low-risk) broker for trading forex and 24icapital.
- 24icapital offers a variety of pricing options, including multiple execution methods.
- 24icapital ( www.24icapital.com ) is best known for its MetaTrader platform offering, available for desktop, web, and mobile.
|Offering of Investments||91|
|Commissions & Fees||84|
|Platforms & Tools||87|
24icapital ( www.24icapital.com ) is considered low-risk, with an overall Trust Score of 89 out of 99. 24icapital is not publicly traded and does not operate a bank. 24icapital is authorized by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust).
|Publicly Traded (Listed)||No|
The following table summarizes the different investment products available to 24icapital clients.
Cryptocurrency: Cryptocurrency trading is available through 24icapital.
|Forex Pairs (Total)||70|
|Social Trading / Copy-Trading||No|
Execution method: On 24icapital MT5, you can choose variable or fixed spreads. For the variable spread pricing, there are two types of execution-based pricing: instant and market. Instant execution is subject to requotes but no slippage, while market execution has the potential for slippage but without requotes.
Commissions: 24icapital offers its most competitive spreads, 24icapital effective spread to trade EUR/USD is roughly 1.27 pips, based on 0.37 average spread + 0.9 pip commission.
Spreads: 24icapital ( www.24icapital.com ) floating rate model (variable spread) is available on MT5, with EUR/USD spreads of 1.58 for accounts on market execution (1.51 pips on MT5) and 1.71 for accounts with instant execution.
Fixed pricing: On MT5, there is no fixed spread offering, and only market execution is available.
|Minimum Initial Deposit||$1000|
|Average Spread EUR/USD – Standard||1.51|
|All-in Cost EUR/USD – Active||1.27|
|Active Trader or VIP Discounts||Yes|
While 24icapital does not stand out for its pricing, 24icapital is a well-capitalized, trustworthy broker that offers multiple platform options, multiple execution methods, and, for professionals, can cleanly execute large orders
Founded in 2017, 24icapital has executed more than 104 million orders since its inception and has serviced clients in over 173 countries. As of 2021, 24icapital ( www.24icapital.com ) lists over $50m in Tier 1 Capital and has more than 200 employees across its four offices. The 24icapital brand holds regulatory licenses in the United Kingdom (UK) under 24icapital Limited.
“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.“