Read our 24icapital review carefully to see why we recommend this broker for trading. Just to clear doubts, this is a 24icapital.com review.
Who are they?
24icapital, a UK-based Forex CFD provider, was founded in 2008. The company is a strong adversary in the retail foreign exchange industry, recently celebrating its 14th anniversary.
With its headquarters located in central London, 24icapital has grown into a globally-recognized organization, offering traders access to a broad range of CFD markets, including foreign exchange (Forex) and indices commodities, stocks more.
The company also boasts more than 40 international industry awards – voted Best Global Forex Value Broker in 2020. Another plus point is that the website is a user-friendly website.
How does it work?
The minimum deposit is 250 GBP without any limits on depositing any higher amount. After speaking with their support department regarding the maximum deposit amount, we were told that we could send up to one million via wire transfer.
After depositing, we were contacted by one of their executive brokers, who helped us with our new account and explained everything from uploading the documents to placing trades.
One of our first inquiries was finding out if they have a beginners account as they advertise, and they have one of the best we saw so far; the account is called “A fully managed account”.
On the fully managed account, the trades are placed on behalf of the client, with a small percentage of the profits going to the company. The point of this account is to ease the transition into the financial market, and it’s done exceptionally well; we were told this account is only for one month with an option to extend the period by their financial department approval.
What about the App?
24icapital has a pretty useful and straightforward App that is very easy to use.
Something we saw the first time on a trading platform is that there is an option to open a sub-account in different currencies, which is very useful if you have an account in EUR and you want to own BTC and not only trade it, so you can just open a sub-account to your main account and own BTC without it affecting your main account.
24icapital Review Conclusions
24icapital is the only company to provide all in one platform, and we want to see more of it! All in one platform are the future of trading because you don’t have to have multiple accounts on different companies.
24icapital is an easy website to work with, and we highly recommend it.