About R24 CAPITAL
Who Is R24 Capital?
R24 Capital is a retail forex and CFD broker registered in Hong Kong, founded on August 4, 2020. The company lists its address at Flat A222, 3/F, Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hung Hom, Kowloon, Hong Kong. There is no official website provided in our records, and independent public information about the broker is very limited.
Regulation and Safety
A critical point for traders is that R24 Capital does not hold any financial regulatory licence. While the company is registered in Hong Kong, registration with the Companies Registry does not equate to regulatory oversight by the Securities and Futures Commission (SFC) or any other financial authority. The absence of regulation means there is no independent supervision of the broker's operations, no client fund segregation requirements, and no access to compensation schemes in case of disputes. This significantly elevates the risk for traders.
Account Types and Trading Conditions
Our records show that R24 Capital offers four account types: Affiliate, ECN, VIP, and STP. The Affiliate and STP accounts have a minimum deposit of $100, making them accessible to retail traders. The ECN and VIP accounts require higher deposits of $8,000 and $3,000 respectively. All accounts offer a maximum leverage of 1:1000, which is extremely high and carries substantial risk. The broker claims spreads start from 1.8 pips on the STP account, though there is no independent verification of these figures.
Trading Platforms and Instruments
The broker reportedly offers MetaTrader 4 (MT4) as its trading platform. Instruments advertised include Forex, Metals, Energy, Indices, and Cryptocurrencies. This range suggests a multi-asset broker, but again, the lack of an official website makes it difficult to confirm full contract specifications or trading hours.
Who Is R24 Capital For?
Given the high leverage and low minimum deposit, R24 Capital appears to target retail traders seeking high-risk, high-reward trading opportunities. However, the unregulated status makes it unsuitable for conservative traders or those who prioritise fund safety. The broker may appeal to speculative traders who are willing to accept significant counterparty risk in exchange for potential high returns.
Overview compiled by FXCanary from regulatory records and public data. full R24 CAPITAL review