Founded in 2012 by a team of Forex experts from London, England, Trade24 has quickly carved itself a niche in the industry as an operator that fuses efficiency and profitability into a single platform. With its legal interests overseen in Cyprus and five trading languages available, including Arabic, English, French, German, and Russian, Trade24 can certainly call itself an international Forex broker. Indeed, on top of being able to converse in multiple languages, customers can trade more than 50 currency pairs through either a desktop, mobile or browser-based gateway.
Aside from being open 24/7 (during Forex market trading hours) and focusing on direct access to the market, Trade24 has been praised for its emphasis on novice traders. Unlike larger brokers who cater to experienced investors with deep pockets, this boutique broker gives all new members access to a trading eBook as well as a free webinar which outlines the basic tenets of investing in the currency exchange market.
Trade-24.com's Special FX:
One aspect of Trade24's platform that helps it stand out from the group is its incorporation of the Sirix Trading platform. This software not only provides online access to the currency exchange market but a range of in-built social trading features. Indeed, through Sirix a user can latch onto a trading expert and follow their strategies in order to improve their own skills and bankroll.
Aside from being able to drink from a fountain of collective knowledge, Sirix and MetaTrader 4 (Trade24's desktop trading gateway offer lightning -fast letting executions and a range of charting features that allow more advanced users to capitalise on minor (but financially significant) fluctuations in the market.
Some other standout features of Trade24's platform are:
Users can trade all currency types with spot, forward, conversion and options trade.
Trade24 has its own in-house dealing room.
One-on-one support is available to all users through a range of mediums, including online chat.
Social trading allows novices to improve their overall approach to investing in Forex.
As mentioned, Trade24 uses MetaTrader 4 and Sirix as its main routes to the currency exchange world and both of these provide efficient trading with minimal lag. Moreover, Trade24 has made it its mission to eliminate re-quotes as much as possible which means the price you execute at is the price you complete at. This emphasis on speed is something that means traders can enjoy maximum profitability without fear of missing out on a vital point in the day's fluctuations.
Here's a closer at Trade24's account fundamentals:
Minimum first Deposit = $100 (A 100% bonus is available on all first deposits)
Minimum Account Size = $100
Minimum Trade Amount = $25
Leverage is available up to 1:400 and spreads start from 0.9 pips on major currency pairs such as EUR/USD.
Deposit Methods = Credit/Debit Card, Liberty Reserve, CashU and Moneta.
Mobile Trading and tablet trading is available at Trade24.
*Note, a free demo account is available for all new members. Additionally, US traders are NOT welcome at Trade24.