Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
24ProfitMarket, a trading name of INVEST GLOBAL MARKETING LTD, is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments on the MT4 trading platform via three different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that 24ProfitMarket currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.16/10. Please be aware of the risk.
Market Instruments
24ProfitMarket advertises that it offers access to a wide range of trading instruments in financial markets, including forex, indices, commodities, shares and cryptocurrencies.
Account Types
24ProfitMarket claims to offer three types of trading accounts, namely Bronze, Platinum 1 and Platinum 2, with minimum initial deposit requirements of €250, €750 and €1000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Trading Platform Available
The platform available for trading at 24ProfitMarket is one of the most notable and preferred trading platforms the market offers - MetaTrader4, Web Terminal and MetaTrader4 iPhone/iPad/Android, which is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
From the logos shown at the foot of the home page on 24ProfitMarkets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of MasterCard, Bitcoin, Neteller, Visa, Skrill and PayPal.
The minimum initial deposit requirement is said to be €250. The minimum withdrawal is $250 for all bank transactions, while the minimum for all other methods is $100.
The usual withdrawal fees are $35 fee for cards, $50 for bank transfers, and $25 for e-wallets. It is also a 10% levy that will be charged if the user requests a withdrawal before completing a turnover of 200 times the initial deposit amount.
The typical withdrawal processing time is up to 5 days.
Bonuses
24ProfitMarket claims to offer different bonuses for different account types. Specifically, a 20% bonus on the Bronze account, a 30% bonus on the Platinum 1 account and a 50% bonus on the Platinum 2 account.
Customer Support
24ProfitMarket‘s customer support can be reached by sending messages online to get in touch or request a call back. Company address: Flat 2 4 Cliff Road, Cowes, England, PO31 8BN. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the email address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
