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Trade24, founded in 2009, is a Forex and CFD broker. Trade 24 Investment Ltd. is a Company that was incorporated in the Republic of Seychelles in and its main headquartered is in London, UK. There are also offices in Paris and Switzerland. At the time of this review, there was no regulation.
Trade24 is the recipient of several awards including Best Forex Broker, Best Customer Service, Best Dealing Room and Best Trading Software.
Trade24 offers a choice of three different accounts. The Mini account requires a minimum deposit of $500, $10,000 will open a Gold account and anyone with $25,000 can open a Platinum account.
There are no commissions on any of the three accounts and spreads vary according to the currency traded. Traders with any of these accounts can trade all majors and minors currency pairs, metals, energies, agricultures and indices and can use any of the following platforms to place their trades: MT4, WebTrader, Mobile and Tablets, and the Social Trading Platform.
In addition to the above, there is an ECN account which has the same features, requires $500 to start but has no limit on the amount of the original deposit.
The fee paid to the company is made in the spread, i.e. the difference between the buy and sell rates, except for ECN accounts where the fee is $15 per lot.
A demo account is offered but there are no details about it on the site.
Besides Forex and CFDs, Trade24 offers traders commodities, currencies and stocks. In addition, they can trade all types of Forward Contracts including Closed Forwards, Open Forwards, and Non-Deliverable Forwards, all through their simple-to-use Trade24 platform.
Trade24’s advanced systems display currency rates in real time and enables traders to execute trades in any given moment.
On Trade24’s trading system traders can define take profit and stop loss orders to limit their risks of losing and even cap their profit in case there is a chance that the trend might change and they are not in front of their screen.
Trade24 offers a host of items at their Forex Academy. There are articles on basic and advanced trading concepts, fundamental, technical analysis and trading tips as well as tutorial videos on various other topics such as trading strategies and trading tools.
A 78-page ebook is available to all visitors to the Trade24 site and articles on Japanese candles and the Ichimoku Cloud offer useful incites for advanced traders. A full alphabetical glossary is available as is a listing of the Forex commissions charged by the broker.
Market news is presented daily and weekly and offers good insight into what is happening in the financial markets and the up-to-date economic calendar is clear and informative.
There is also a brief FAQ question and answer section.
Deposits to open accounts can be made using credit and debit cards, bank wires, CashU, Neteller and Skrill.
Withdrawals are implemented by filling out an online withdrawal form. Funds are returned to their original account and usually take 5 days.
Anyone opening an account on the day I did review received a 30% bonus directly into his or her account as well as 1.5% interest every month on the initial deposit. It was not clear from the site when these offers were set to expire.
Partnerships in the form of Trade24 Affiliates or Introducing Brokers are also available aside from their mention on the website, the only way to find out more about them is by emailing Trade24.
Customer service is offered 24/7 and telephone contact can be made to more than 15 different offices throughout the world. Email communication is available as well as Chat. The website is available in 16 different languages.
Trade24 is a well-rounded Forex and CFD broker. It offers traders a choice of different trading accounts as well as several different trading platforms. The website is easy to navigate and the images are clear and informative.
There are several features that stand out at Trade24. It’s always good to have choices when it comes to trading accounts and Trade24 offers four different ones. The selection of trading platforms is also outstanding and includes the popular MetaTrader4 platform. The website is clear and user-friendly and their customer service is excellent. The educational offerings are many. However they are mostly textual with only a few videos. No webinars are offered.
MetaTrader is very popular for forex and CFD trading and it also provides the opportunity to trade commodities and indices with reliable execution, low spreads and leverage. MT4 is well known for offering excellent price charts and indicator options and a trader can easily execute a trade from the chart enabling fast trade executions.
The WebTrade24 platform is a completely compatible trading platform that is accessible thru the web-browser, which means no download is necessary. This is a completely secure, scalable and completely revolutionary web platform which removes restrictions for traders and lets them trade from any computer that is connected to the internet. It can also be accessed from any browser.
Trade24’s sophisticated trading platforms allow traders to execute trades via the web from any location around the globe 24 hours a day 7 days a week even without the need to download any software simply through an internet browser.
Trade24 offers three ways to trade forex on a mobile device:
Trade with either Metatrader 4, Trade24 Mobile Trader, or the Mobile Web App. MT4 and Trade24 Mobile Trader are available on the Apple Store and Google Play.
Trade24 Mobile Trader
All three platforms are offered free of charge, 24 hours a day and are available wherever there is mobile coverage. They provide live prices and charts, up to the minute market news and analysis, the ability to trade on the go - any time anywhere and edit current orders.
Trade24 now offers full screen tablet forex trading with the same benefits as the other mobile apps.
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I decided to fund my account with Trade24 after the account manager promised all the benefits the broker offers such as trading signals. Before funding my account the account manager called me almost everyday telling me about their bonuses they offer, however after I have deposited USD700 into the account, the phone calls stopped, I did not receive any bonus as promised and there's not help from the call centre. All that I am experiencing is a silent treatment from Trade24. I have requested the withdrawal and nothing has happened just yet....I have a feeling that there people will not give me my money back.
Review info: Trade24
Review Date: 2016-08-03
Rating : 1.5
Reviewed By : Sara Patterson (Google+)