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20TRADES

High riskForex / CFD broker
🇿🇦 South Africa · 1-2 years · since 2025-03-18 · CONTINGENT FINANCIAL SERVICES (PTY) LTD
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
$200
Min. deposit ›
1:500
Max leverage ›
4
Account types ›
56/100
Scam risk ›
0
Clone sites ›
Accounts: Gold · $ 20000Silver · $ 10000Bronze · $ 5000Standard · $ 200
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.26/10
Trustpilot—/5
Forex Peace Army—/5
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No sign that 20TRADES actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
56
High risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Recently established — about 16 months old
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age7215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCONTINGENT FINANCIAL SERVICES (PTY) LTD
Headquarters🇿🇦 South Africa
Founded2025-03-18
Years operating1-2 years
Employees0
Official website20trades.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
Instruments--
Registered address
World Trade Centre Tower 42, 25 Old Broad Street, London, London City, United Kingdom

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Gold1:500$ 20000from 0.5--✓
Silver1:400$ 10000from 1--✓
Bronze1:300$ 5000from 2--✓
Standard1:200$ 200from 3--✓

Review analysis AI

20Trades is a newly founded, unregulated forex broker with a high-risk profile. Its lack of oversight and recent establishment raise concerns about client protection. While the account tiers and platforms are standard, the absence of regulation makes it suitable only for very experienced traders who fully understand the risks.

Best for
  • Traders seeking high leverage up to 1:500
  • Experienced traders with large capital for Gold account
  • Users preferring MT4/MT5 platforms
  • Traders comfortable with unregulated environments
Not for
  • Regulation-sensitive traders
  • US residents
  • Beginner traders with low capital (due to high risk)
  • Those needing negative balance protection or compensation schemes
Period:

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What 20TRADES says about itself as stated by the broker · not independently verified by FXCanary

Home Page

20Trades claims to offer access to over 4,600 markets, including forex, gold, oil, Nasdaq, and 6,400+ world-renowned markets. It touts a state-of-the-art web trading platform designed for dynamic traders. The site also highlights award-winning platforms, though no specific awards are named.

About Us

According to its website, 20Trades delivers state-of-the-art technology and innovative trading solutions for individuals and institutions. It claims extensive experience in the financial sector and provides a secure platform for trading stocks, forex, commodities, and cryptocurrencies. The broker emphasizes transparency, fairness, and ethical conduct, with a team of professionals available for support.

Account Tiers

20Trades lists four account packages: Standard ($200 minimum deposit, leverage up to 1:200, spreads from 3 pips); Bronze ($5,000, leverage up to 1:300, spreads from 2 pips); Silver ($10,000, leverage up to 1:400); and Gold ($20,000, leverage up to 1:500). All accounts include zero deposit/withdrawal fees, 24/5 multilingual support, and account manager guidance.

Platforms

The broker states it offers MetaTrader 4 and MetaTrader 5. For MT4, it claims market-leading spreads, low commissions, leverage up to 1:500, flexible funding, and no trading restrictions. For MT5, it mentions raw pricing and spreads from 1 pip. A web trader is also available.

Terms and Contact

The website states it is owned by CONTINGENT FINANCIAL SERVICES (PTY) LTD. The registered address is given as World Trade Centre Tower 42, 25 Old Broad Street, London, UK. Support is available via email (support@20trades.com) and phone (+44 20 3472 6144). The FAQ notes that US clients are not accepted.

About 20TRADES

Company Overview

20Trades is a retail forex and CFD broker that began operations on March 18, 2025. The company is registered in South Africa under the name CONTINGENT FINANCIAL SERVICES (PTY) LTD. Its official website is 20trades.com, and it lists a physical address at the World Trade Centre in London, United Kingdom. The broker presents itself as a multi-asset trading platform offering access to a wide range of markets.

Regulation and Licensing

As per our records, 20Trades does not hold any regulatory license from a recognized financial authority. The broker's website does not disclose any regulatory oversight, nor is it listed with major regulators such as the FCA, CySEC, or ASIC. This lack of regulation means traders do not have access to external dispute resolution schemes or compensation funds, which is a significant consideration for risk management.

Account Types and Minimum Deposits

20Trades offers four account tiers designed to cater to different trader profiles. The Standard account requires a minimum deposit of $200 and provides leverage up to 1:200. The Bronze account requires $5,000 with leverage up to 1:300.

The Silver account starts at $10,000 with leverage up to 1:400. The Gold account, with a $20,000 minimum deposit, offers the highest leverage of 1:500. These tiers allow traders to choose based on their capital and risk appetite.

Trading Platforms and Instruments

The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two widely used platforms in the retail trading industry. It also offers a proprietary web trader interface. According to the website, traders can access over 4,600 markets, including forex, gold, oil, commodities, indices, and cryptocurrencies. Specific instrument lists are not provided, but the broad claim suggests a multi-asset offering.

Customer Support and Client Eligibility

20Trades provides customer support via email and phone, with multilingual assistance available 24 hours a day from Monday to Friday. The broker explicitly does not accept clients from the United States. Other eligibility restrictions are not detailed but may apply based on local regulations. The support channels are listed on the contact page, along with the London address.

Risk Considerations

As an unregulated broker with a recent founding date, 20Trades carries inherent risks. The FXCanary Scam Risk Score of 56/100 indicates an elevated risk level. Traders should be aware that without regulatory oversight, there is no recourse if disputes arise. The high leverage offerings, particularly the Gold account's 1:500, amplify both potential gains and losses. Caution is advised.

Overview compiled by FXCanary from regulatory records and public data. full 20TRADES review