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24markets
South Africa
|
2-5 years
|
Regulated in South Africa
|
Financial Service Corporate
|
MT5 Full License
|
Global Business
|
Suspicious Overrun
|
Medium potential risk
https://24markets.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
DEDACapitalMarkets-Live
Germany
5
Influence
D
Influence index NO.1
India 2.54MT4/5 Identification
MT4/5 Identification
Full License
5
Server Name
DEDACapitalMarkets-Live MT5
Server Location Germany
GermanyInfluence
Influence
D
Influence index NO.1
India 2.54Surpassed 43.00% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+27 101 577 500
support@24markets.com
https://24markets.com/
9TH FLOOR, ATRIUM ON 5TH STREET, SANDTON GAUTENG, 2196
Licenses
Licensed Entity：DEDA CAPITAL MARKETS (PTY) LTD
License No. 50640
WikiFX Risk Alerts
2025-10-29
- This broker exceeds the business scope regulated by South Africa FSCA(license number: 50640)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
Basic Information
Registered Region South Africa
South AfricaOperating Period
2-5 years
Company Name
DEDA CAPITAL MARKETS (PTY) LTD
Customer Service Email Address
support@24markets.com
Contact Number
+27101577500
Company Website
7
Account
Related Software
Biz Area
Website
Genealogy
Company Summary
Disclosure
News
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
--
SupportedEA
Minimum Deposit
$50.000
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum Position
--
Commission
--
Products
--
Updated：
2025-10-29
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
150.50
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Website
24markets.com
104.21.91.134
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--
Genealogy
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Company Summary
| 24markets Review Summary | |
| Founded | 2014 |
| Registered Country/Region | South Africa |
| Regulation | Suspicious clone |
| Market Instruments | Forex, Commodities, Crypto, Indices, Stocks, CFDs |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips (EUR/USD, Discovery account) |
| Trading Platform | WebTrader, MetaTrader 5 (MT5), Mobile App |
| Min Deposit | $100 |
| Customer Support | Email：support@24markets.com |
| Phone：+27 101 577 500 (Available 24/5) | |
| Live chat | |
24markets Information
24markets is a South Africa-based broker launched in 2014, offering CFDs on Forex, indices, commodities, stocks, and crypto. While it features a range of platforms including MT5 and web-based trading, it falsely claims FSCA regulation under another companys license.
Pros and Cons
| Pros | Cons |
| Offers MT5 and a web platform | Cloned license |
| Multiple account types with tiered benefits | Demo and Islamic accounts not available |
| Supports Forex, stocks, crypto & more | Limited information of swap and inactivity fees |
Is 24markets Legit?
The broker claims to be regulated by FSCA using license No. 50640, which actually belongs to DEDA CAPITAL MARKETS (PTY) LTD. However, the brokers name and domain do not match the licensed entity, clearly indicating a fake or cloned license intended to mislead users.
| Regulatory Status | Suspicious clone |
| Regulated by | South Africa – Financial Sector Conduct Authority (FSCA) |
| Licensed Institution | DEDA CAPITAL MARKETS (PTY) LTD |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 50640 |
What Can I Trade on 24markets?
24Markets offers a wide selection of CFD trading instruments, including dozens of Forex pairs, over 10 global indices, major commodities, and popular cryptocurrencies. While stocks are supported, ETFs are not mentioned.
| Tradable Instruments | Supported |
| Forex | ✅ |
| Commodities | ✅ |
| Crypto | ✅ |
| CFD | ✅ |
| Indexes | ✅ |
| Stock | ✅ |
| ETF | ❌ |
Account Types
24Markets offers three live account types: Discovery, Prime, and Master. Each suits different trading levels—from beginners to professionals—with increasing benefits like tighter spreads, higher leverage (up to 1:500), and VIP services.
| Account Type | Min Deposit | Key Features | Best For |
| Discovery | $100 | 1.5 pip spreads, up to 100:1 leverage, no priority support, some education tools | Beginners |
| Prime | $5,000 | 0.8 pip spreads, up to 300:1 leverage, 3 swap-free days, 3x weekly rep meetings | Intermediate traders |
| Master | $20,000 | 0.3 pip spreads, up to 500:1 leverage, 7 swap-free days, full VIP features | Advanced/professional traders |
Leverage
24Markets offers dynamic leverage of up to 1:500, depending on the account type. While high leverage can increase profits with little capital, it also increases the danger of significant losses without appropriate risk management.
24markets Fees
Compared to industry standards, 24Markets trading fees are moderate to slightly high, especially for entry-level accounts. While spreads decrease with higher-tier accounts, the absence of transparent commission and swap rate details limits cost comparison for advanced traders.
| Account Type | EUR/USD Spread (From) | Commission |
| Discovery | 1.5 pips | $0 |
| Prime | 0.8 pips | $0 |
| Master | 0.3 pips | $0 |
Spreads: Start from 1.5 pips on the Discovery account and go as low as 0.3 pips on the Master account.
Commissions: No commissions are stated across all account types.
Swap Rates: Swap-free trading is available for up to 7 days on higher-tier accounts. Exact overnight swap fees are not publicly disclosed.
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee | Varies by payment method and bank; some may incur third-party processing fees |
| Withdrawal Fee | May apply depending on withdrawal method or expedited request |
| Inactivity Fee | Not mentioned |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| WebTrader | ✔ | Web browser (desktop/mobile) | Traders looking for intuitive, real-time web-based trading |
| MetaTrader 5 (MT5) | ✔ | Windows, macOS, Android, iOS | Advanced traders needing analytical tools and multi-asset access |
| Mobile Trading App | ✔ | iOS, Android | Traders who prefer on-the-go access and mobile convenience |
| MetaTrader 4 (MT4) | ❌ | – | Not supported |
Deposit and Withdrawal
24markets does not charge fixed deposit or withdrawal fees itself, but third-party processors or banks may apply charges depending on the method and location. The minimum deposit required to open an account is $100.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Wire Transfer | $100 | May vary by provider | Few minutes to a few hours |
| Credit/Debit Cards | $100 | May vary by provider | Few minutes to a few hours |
| E-wallets | $100 | May vary by provider | Few minutes to a few hours |
| Online Payment Methods | $100 | May vary by provider | Few minutes to a few hours |
Keywords
- 2-5 years
- Regulated in South Africa
- Financial Service Corporate
- MT5 Full License
- Global Business
- Suspicious Overrun
- Medium potential risk
Wiki Q&A
RichN 
1-2 years
What is the minimum deposit for 24markets?
The minimum deposit required is $100.
Broker Issues
Deposit
Withdrawal
07-15
United States
TJensen
1-2 years
How Long Does 24Markets Withdrawal Take?
The withdrawal time for 24Markets depends on the payment method used. Withdrawals through bank wire transfers, credit/debit cards, e-wallets, or online payment methods can take anywhere from a few minutes to several hours.
Broker Issues
Withdrawal
Deposit
06-21
United States
Prash_007
1-2 years
What are the detailed fees of 24Markets broker?
24Markets charges no deposit or withdrawal fees directly, but third-party fees may apply. Spreads start at 1.5 pips, with no commissions. Swap-free trading is available for up to 7 days.
Broker Issues
Fees and Spreads
06-17
United States
Nagarjuna
1-2 years
What is the maximum leverage at 24markets?
The maximum leverage is 1:500, depending on the account type.
Broker Issues
Leverage
Platform
Instruments
Account
06-16
United States
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AC141
Spain
Just look at the photo and you will understand what I mean. Be Careful!!!
Exposure
2023-08-16
Jenniee
United States
24markets is the real deal! Their maximum leverage is impressive, giving traders the power to make the most of their capital. And their customer service is second to none, always available and eager to help. Very satisfied with my experience so far!
Positive
2024-07-12
FX1492746351
Australia
Joined 24markets recently and have mixed feelings. The platform is user-friendly with tight spreads and the customer service is responsive. However, the registration process was a bit cumbersome due to strict security measures, and I noticed they don't offer ETFs, which was a letdown.
Neutral
2024-06-17
Claudio942
Italy
Recorded by myself. I got a call to introduce myself but mostly I trade myself. Checked the license and all, very good. I have the ability to trade better. For me everything is fine. Tried to withdraw my funds, no problem that way. Great mt5 platform. Overall good experience
Positive
2023-07-04
Pasquale847
United Arab Emirates
I am very happy with the experience, platform overall good experience
Positive
2023-07-04
Bruno4553
Italy
I am very happy with the service of 24makets. Fast service, advice at all times. 9.5/10
Positive
2023-03-06
FX1320962681
New Zealand
24markets is the company that have ever seen in my Life is just a good company so far since I start to invest in that company have been able to feed me and my family! Thank you for everything!
Positive
2023-03-02