24five

24Five is a retail forex and CFD broker that operates the website 24five.com. The company is registered in the United Kingdom, with incorporation records indicating a founding date of 14 July 2023. However, the broker's own website states it was established in 2015, creating a discrepancy that traders should note. The broker offers a multi-asset trading platform with access to forex, commodities, indices, futures, stocks, cryptocurrencies, energies, and metals.

The broker’s office location and key personnel details are not publicly disclosed. Its social media presence includes Facebook, Instagram, and YouTube, though the extent of activity on these platforms is unclear. The brand name ’24Five’ suggests around-the-clock trading availability, but actual market hours depend on the underlying asset.

A critical point for potential clients is that 24Five is not regulated by any financial authority. Our records show no regulatory licences on file, and the broker does not claim oversight from bodies such as the UK’s Financial Conduct Authority (FCA) or other major regulators. This means traders do not benefit from protections like deposit insurance, compensation schemes, or independent dispute resolution.

The absence of regulation significantly increases the risk of trading with this broker. While the website includes an AML/CFT policy, such internal policies do not replace external regulatory oversight. FXCanary’s scam risk score for 24Five is 75 out of 100, indicating severe risk.

24Five advertises over 500 tradable instruments across nine asset classes. These include major, minor, and exotic forex pairs; popular cryptocurrencies like Bitcoin and Ethereum; stocks of global companies; major indices; futures contracts; energy products such as oil and gas; commodities like raw materials; and metals including gold and silver. The broker positions itself as a one-stop shop for diversified trading.

The availability of such a broad range of assets is typical of multi-asset brokers. However, without regulatory oversight, the integrity of pricing and execution cannot be independently verified. Traders should be cautious about the actual market access and potential for slippage or requotes.

The broker’s website does not specify distinct account tiers (e.g., standard, premium, VIP). Instead, it describes a single live account type with a demo account option for practice. The demo account allows traders to test the platform and strategies with virtual funds before committing real money.

Details on minimum deposit requirements, spreads, commissions, and leverage limits are not clearly stated on the site. The mention of ‘spreads from 0.0 pips’ on stocks suggests variable spreads, but specific figures for other asset classes are absent. Traders must likely open an account or contact support to obtain full terms.

24Five offers its proprietary web-based trading platform, which is accessible via browser without download. The platform claims ultra-fast execution, intuitive design, advanced charting with over 20 indicators, and customization options. It is built using modern web technologies and is compatible with mobile, desktop, and tablet devices.

Notably, the broker does not mention popular third-party platforms like MetaTrader 4 or 5. This lack of industry-standard platforms may be a limitation for traders accustomed to specific tools or automated trading via Expert Advisors (EAs). The proprietary platform’s reliability and security have not been independently tested.

24Five’s website does not provide clear information about deposit and withdrawal methods, currencies accepted, processing times, or fees. Typically, brokers may offer bank transfers, credit/debit cards, and e-wallets, but this has not been confirmed for 24Five.

The lack of transparent funding information is a red flag. Traders should be wary of potential difficulties in depositing or, more importantly, withdrawing funds. Without regulation, there is no guarantee that client funds are segregated or that withdrawal requests will be honoured in a timely manner.

Contact options on the website are limited. While a contact form or email address may be available, the broker does not prominently display phone numbers, live chat, or physical address. Support availability (hours, languages) is not specified.

For a broker targeting international clients, responsive customer support is essential. The current lack of clear communication channels could pose problems for traders needing assistance with account issues or technical problems.