General Information & Regulation
R24 Capital is said to be operated by R24 CAPITAL GROUP INC, which is allegedly based in the USA and registered money services business (MSB), as well as a member of the National Futures Association (NFA), with regulatory license number 0536614.
Market Instruments
Tradable financial instruments offered by R24 Capital include forex currency pairs, Metals, Energies, indices, crypto currencies.
Minimum Deposit
The minimum deposit required by R24 Capital is $500, which is much high than the industry standards. Many other brokers ask much less initial deposit, only around $100.
Leverage
The maximum trading leverage offered by R24 Capital is super high, reaching up to 1:1000. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Trading Volume
The minimum single trade volume of R24 forex is 0.01 lots. Traders can choose the most suitable trade size according to your actual situation. It supports a maximum trade volume of 100 standard lots and can hold up to 1000 orders at the same time.
Spreads & Commissions
Spreads on R24 Capital official website is super low, only 0.2 pips for the EURUSD pair, which is too tight to be true.
Trading Platform Available
R24 Capital supports MetaTrader4 (MT4) – a mainstay in the forex industry. MT4 trading platform is recognized as the best trading platform in the forex trading industry, featuring 21 timeframes, a large number of built-into technical indicators, supporting EA as well as automated trading.
Deposit & Withdrawal
R24 Capital appears to work with bank wire, and credit/debit cards only. According to the information on their website, wire transfers within the United States are charged $5 per transaction, while the international ones cost $75 per transaction.
