Trader24 Review

Trader24 is Cyprus registered company, operated by FX Exchange Limited since 2011. With offices in Australia, Cyprus, New Zealand, South Africa and the United Kingdom, Trader 24 had extensive experience in financial markets and brings top trading experience and performance to traders.

Account Types

Trader24 offers several options when it comes to accounts. All accounts benefit from professional trading platform, daily market analysis, efficient customer care and trading assistance from 1-on-1 coaches.

5 different account types allow you to choose the best features suitable for you:

Demo Account

Practice your skills and build strategies with free demo account.

Standard Account

With initial minimum deposit of $100, you can benefit from the following broker services:

Welcome bonus up to 15%

24/7 Customer support via phone, email and online chat

Daily market analysis and reviews

Free video tutorials, training manuals and personal assistance

Premium Account

Minimum deposit requirement is $1,000 with the following benefits:

20% welcome bonus

24/7 Customer support via phone, email and online chat

Free video tutorials, training manuals and personal assistance

Free trading signals from leading signal provider

VIP Account

VIP club allows you to enjoy extra perks and special treatment:

Special welcome bonus (more information from support)

Unlimited News to Mobile Service with daily market analysis and economic events via SMS

Free Signals via SMS with up to minute signals

24/7 customer support via phone, email and online chat

Daily market analysis and reviews

FREE video tutorials, training manuals and personal assistance

Unlimited technical assistance from your personal account manager

Minimal trading costs with lower spreads

Islamic Accounts

Trader24 also offers a no-interest (in other words swap-free account). For more information, please contact the broker.

Trading Platforms

MetaTrader 4

Trader24 uses one of the best trading platforms available today – MetaTrader 4. With easy access to the terminal, the downloadable platform allows you to trade forex, CFDs and Futures in a secure and stable environment.

All the necessary tools and resources are available with one intuitive interface. MetaTrader 4 provides:

Analyze price movements of all major financial instruments

Make trading transactions

Create and use expert advisors (EA)

Print out charts of any instrument for reference and “on paper” analysis

MetaTrader4 platform offers impressive, highly useful analytical tools to help you make the right financial decisions. With 9 available time frames, you can easily analyze the market movements.

More than 50 indicators allow you to determine trends, define entry and exit points and perfect the trading strategy.

Web Trader

24Trader web-based platform provides access to your trading account without the need to download any software on your computer. As long as you have an internet connection, Web Trader is at your disposal, fully synchronized with the downloadable version of MetaTrader 4 platform.

The following features define the Web Trader platform:

24/7/365 access to your trading account from anywhere in the world

No download or installation needed

Multilingual interface;

Streaming real-time rates

Advanced charting capabilities

Mobile Trading

Mobile platform allows you to access the trading account with any mobile device such as smartphones, pocket PC, tablets, iPhone and iPad.

With complete capabilities of desktop Metatrader 4 platform, Mobile version keeps you up to date with the latest market developments. Make decisions on the go and don’t miss any profitable movements of your favorite currency pairs.

Trading Conditions and Features

The minimum transaction size for a new account is US$1,000 (or the equivalent), with up to 1:200 leverage.

The spread Trader24 offers for spot and forward positions - ranges between 0.02% (2:10,000) and 0.05% (5:10,000) for the Major currencies and higher for some crosses exotics or currency pairs which tend to have lower liquidity.

Spreads start from as low as 3 pips on major currency pairs (more extensive table is available at the broker’s website):

Instruments

Spread (in pips)

Leverage

Size of 1 MT4 Lot

MT4 Lot Minimum Trade

Trading Hours

EURUSD

3

200:1

100,000

0.1

24h

USDJPY

3

200:1

100,000

0.1

24h

GBPUSD

4

200:1

100,000

0.1

24h

EURJPY

4

200:1

100,000

0.1

24h

AUDUSD

4

200:1

100,000

0.1

24h

USDCHF

4

200:1

100,000

0.1

24h

EURCHF

4

200:1

100,000

0.1

24h

EURGBP

4

200:1

100,000

0.1

24h

USDCAD

5

200:1

100,000

0.1

24h

NZDUSD

5

200:1

100,000

0.1

24h

 

Trader24 offices are open 24 hours a day from Sunday night to Friday night.

Trader24 investors have at their disposal several sophisticated trading tools, including one which allows them to place a Limit Order at a better rate, which in turns cancels other orders once captured. Also, investors may determine a Stop Loss.

Payment Methods

Minimum requirement for initial deposit is $100.

A surprising lack of alternative payment methods is disappointing. Deposits and withdrawals can be processed via credit/debit cards and wire transfer.

Withdrawal request requires the following documents: copy of ID with a photo, proof of residence such as utility bill and copy of the credit card.

Bonuses and Promotions

Trader24 gives away up to 20% welcome bonus on your first deposit. The extra money are credited to your trading account immediately up on successful deposit.

Resources

The broker provides beginners with basic trading manual in PDF format.

Various detailed web tutorials, including videos are available for traders to help understanding forex with topics such as:

Basic Forex

Beginner Strategies

Advance Strategies

Semi-Automatic Strategies

MT4 Tutorials

Using Types of Orders

Adding indicators to the Graphs

Properties

Trading Psychology

Capital Management

Basic Technical Analysis

Advanced Technical Analysis

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