About 24PipsMarket
Overview
24PipsMarket is a brokerage entity registered in China, with an official establishment date of June 13, 2023. Its official domain is 24pipsmarket.com.
As of this review, FXCanary has been unable to identify any regulatory licences associated with this broker. The absence of a known regulatory framework means that traders may not have access to standard investor protections, such as negative balance protection or compensation schemes.
The broker's elevated Scam Risk Score of 54/100 reflects these regulatory gaps and the limited public information available. Independent public data on the broker's operations is scarce, which in itself serves as a caution for traders considering this entity.
Regulation and Safety
Our research indicates that 24PipsMarket holds no licences from recognised financial regulators. This lack of oversight is a significant factor in the broker's elevated risk profile.
Without a reputable regulatory authority, there is no external supervision of the broker's business practices, fund segregation, or financial reporting. Traders are advised to exercise extreme caution when dealing with unregulated entities, as recourse in case of disputes is severely limited.
FXCanary's Scam Risk Score of 54/100 underscores these concerns, suggesting a higher-than-average risk of potential issues for clients.
Background
24PipsMarket was founded in 2023 and is registered in China. The broker's official website, 24pipsmarket.com, does not appear to provide substantial information about its ownership or operational history.
The limited available data does not allow for a comprehensive assessment of the company's longevity or reputation within the industry. Several months of operation since its founding provide a relatively short track record for evaluation.
Traders typically benefit from established brokers with transparent histories and verifiable performance records. The early stage of this broker's existence, combined with the regulatory uncertainties, makes it a high-risk proposition.
Account Types and Trading Conditions
Due to the lack of verifiable information from the broker's official website or other independent sources, specific account types, minimum deposits, spreads, and trading conditions cannot be reliably detailed.
Aggregated industry databases may offer some descriptive information, but without direct confirmation, FXCanary cannot endorse the accuracy of such data. Traders interested in this broker should approach with the understanding that key details may be unverifiable.
Until more transparent information is made available, it is advisable to treat any claims of account features or trading conditions with caution.
Platforms and Instruments
No confirmed details about the trading platforms or financial instruments offered by 24PipsMarket are available from either the broker's own channels or independent sources.
Typical brokers in the retail forex space might offer MetaTrader 4/5 or proprietary platforms, but this cannot be confirmed for 24PipsMarket. Similarly, the range of instruments—such as currency pairs, indices, commodities, or cryptocurrencies—remains unknown.
The absence of this information is a significant gap for traders who rely on platform compatibility and instrument variety to execute their strategies.
Customer Support and Funding
Information regarding customer support channels, deposit and withdrawal methods, and processing times is not available through our research.
Reliable customer support is critical for resolving issues promptly, and unverified funding methods can pose security risks. Without clear information, traders may face challenges in both depositing funds and accessing their capital.
FXCanary recommends that potential clients seek these details directly from the broker and verify them before committing any funds.
Conclusion for Traders
In light of the limited and unverified information, 24PipsMarket presents a high-risk opportunity for traders. The lack of regulatory oversight, coupled with a short operational history and no verifiable public data, makes it unsuitable for most traders, particularly those prioritising safety and transparency.
Traders considering this broker should conduct extensive independent due diligence, including directly requesting information from the company and cross-checking any responses with publicly available records. Even then, the elevated risk score suggests caution is warranted.
FXCanary will continue to monitor for any developments that may provide a clearer picture of this broker's operations and reliability.
Overview compiled by FXCanary from regulatory records and public data. full 24PipsMarket review