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Influence index NO.1
Influence index NO.1
+1 646 479 0462
I started to do trading on this platform since November 2021. After having deposited several amounts of funds, I decided to withdraw the remaining fund but the fund never sent to my bank account. I sent many emails to ask for the withdrawal and an explanation of why my withdrawal is not executed but there is no response. I want all my remaining fund of 5974 USD returned to my bank account.
I started to do trading on this R24 Capital Group platform since 4 December 2021. After having deposited several amounts of funds, I decided to withdraw the remaining fund but the fund never sent to my bank account.I sent many emails to ask for the withdrawal and an explanation of why my withdrawal is not executed but there is no response. They just kept silent and no response to my emails. This is an evil broker.I want all my remaining fund of 5974 USD returned to my bank account.
I just found out that R24 Capital burned out my account of 5974 USD by tampering my account with 24 pages of trading on 24 Feb 2022. I applied to withdraw my remaining 5974 USD on 29 Jan 2022 but no tranfer was sent. There was no response to over 10 emails of mine in several weeks. Now R24 Capital is playing a childish game trying to cover up its frauds. Is it a coincidence that my first exposure here was also right on 24 Feb 2022! We all know that you can do whatever you like on your server!
|Registered Country/Area||United States|
|Company Name||R24 Capital|
|Minimum Deposit||$100 (STP and Affiliate), $3000 (VIP), $8000 (ECN)|
|Maximum Leverage||Up to 1:1000|
|Spreads||Varies by account type|
|Trading Platforms||PC, iOS, Android|
|Tradable Assets||Forex, Metals, Energy, Indices, Cryptocurrency|
|Account Types||STP, VIP, ECN, Affiliate|
|Customer Support||Phone, Email, Online Chat|
|Payment Methods||Visa, Mastercard, Bank Wire Transfer|
|Educational Tools||Trading Central, Economic Calendar, Analyst Views, TC MT4 Indicators|
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.
Unregulated.This unregulated broker, while offering an array of investment opportunities, operates outside the purview of established regulatory bodies, such as the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA), which are designed to safeguard investors and ensure fair and transparent trading practices. As a result, investors considering R24 CAPITAL must carefully weigh the potential benefits of their investment choices against the inherent risks associated with dealing with an unregulated entity. While unregulated brokers may provide certain advantages, such as flexibility and accessibility, they also lack the investor protection mechanisms and oversight that regulated institutions provide, leaving investors potentially exposed to heightened financial risks and uncertainties. Thus, individuals seeking to engage with R24 CAPITAL or similar unregulated brokers should exercise prudence, conduct thorough research, and consult with financial advisors to make informed decisions aligned with their risk tolerance and investment objectives.
R24 Capital offers a broad spectrum of market instruments and flexible account types, along with high leverage and convenient deposit/withdrawal options. However, its lack of regulation and limited educational resources raise concerns. Traders should carefully consider the risks associated with unregulated brokers and choose their account type wisely based on their trading preferences and risk tolerance.
Tradable financial instruments offered by R24 Capital include forex currency pairs, Metals, Energies, indices, crypto currencies.
STP (Straight Through Processing):
The STP account type is designed to offer accessible entry into trading. It operates on the MT4 platform and provides a maximum leverage of 1:1000, making it suitable for traders seeking high leverage. The minimum deposit threshold is set at $100, ensuring affordability for a wide range of traders. STP accounts do not charge commissions and execute orders using market execution. The spread for the popular EURUSD currency pair starts from 1.8 pips. A 30% stop-out level provides a buffer against margin calls, while the minimum trading unit is 0.01 lots. Traders can execute transactions with a maximum volume of up to 100 lots per order.
The VIP account is tailored for traders who prefer enhanced trading conditions. It operates on the MT4 platform and offers a maximum leverage of 1:1000, akin to the STP account. However, the VIP account comes with a higher minimum deposit threshold of $3000, reflecting a commitment to trading at a larger scale. Similar to the STP account, VIP accounts do not charge commissions, employ market execution, and maintain a 30% stop-out level. The main differentiator lies in the spread, which starts from a tighter 1.0 pip for the EURUSD pair. As with other accounts, traders can work with a minimum trading unit of 0.01 lots and execute orders of up to 100 lots per transaction.
ECN (Electronic Communication Network):
The ECN account type caters to traders seeking the utmost in trading speed and transparency. Utilizing the MT4 platform, it provides a maximum leverage of 1:1000, similar to the STP and VIP accounts. However, to access these benefits, traders must meet a higher minimum deposit threshold of $8000. In contrast to the previous accounts, ECN accounts charge a $7 USD commission per trade but compensate by offering spreads starting from an impressively low 0 pips for the EURUSD pair. The account maintains a 30% stop-out level, 1 pip+ limit and stop loss levels, and a minimum trading unit of 0.01 lots. It also permits maximum transaction volumes of up to 100 lots per order.
The Affiliate account type may serve a specific niche, possibly catering to individuals involved in referral or affiliate marketing activities. Operating on the MT4 platform, it offers a maximum leverage of 1:1000, akin to other account types. It has a low minimum deposit threshold of $100, ensuring accessibility. Notably, Affiliate accounts do not charge commissions, likely aligning with the activities of affiliates who refer traders to the platform. Spreads for the EURUSD pair start from 2.3 pips, which is higher compared to other account types. Similar to the other accounts, the Affiliate account maintains a 30% stop-out level, 1 pip+ limit and stop loss levels, and a minimum trading unit of 0.01 lots. Traders can execute orders of up to 100 lots per transaction.
R24 Capital offers a maximum trading leverage of up to 1:1000. Leverage in trading refers to the ability to control a larger position in the market with a relatively smaller amount of capital. In the context of a 1:1000 leverage, for every $1 in the trader's account, they can control a position worth up to $1000 in the market. While high leverage can amplify potential profits, it also significantly increases the level of risk. Traders should use leverage cautiously and be aware that it can lead to substantial losses if not managed properly. It's crucial for traders to have a clear understanding of how leverage works and to only use it in a manner consistent with their risk tolerance and trading strategy.
Spreads: The spreads refer to the difference between the buying (ask) and selling (bid) prices of a financial instrument, and they play a crucial role in determining trading costs. The broker offers different spreads for each account type. For example, the STP account has spreads starting from 1.8 pips for the EURUSD currency pair, indicating the cost associated with entering and exiting trades. In contrast, the VIP account offers tighter spreads, starting from just 1.0 pip for the same currency pair. The ECN account, designed for traders seeking low latency and transparency, provides spreads starting from 0 pips, making it particularly attractive for those who prioritize minimized trading costs. On the other hand, the Affiliate account, which may cater to affiliate marketers, features slightly wider spreads, starting from 2.3 pips.
Commissions: Commissions, on the other hand, refer to fees charged directly by the broker per trade. The broker offers a commission-free trading experience for the STP, VIP, and Affiliate accounts, which means traders using these account types do not incur additional charges per trade. However, the ECN account does charge a commission of $7 USD per trade. This commission, while a cost to traders, is offset by the exceptionally low spreads offered in the ECN account. Traders should consider their trading style and preferences when selecting an account type, weighing the trade-off between spreads and commissions to determine the most suitable option for their specific needs.
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.
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.
R24 offers several convenient deposit and withdrawal methods for its clients.
Visa and Mastercard: Clients can use Visa or MasterCard to make secure USD payments without trading restrictions.
Bank Wire Transfer: International wire transfers are accepted with unlimited deposit limits, though some regions may have special regulations.
Bank Wire Transfer (Europe): European clients can utilize local remittance for fast deposits and easily withdraw funds when needed.
For withdrawals, clients provide necessary information, including account number, name, email, withdrawal amount, and bank details. Withdrawal fees apply, with US$5 for ACH wire transfers within the U.S. and US$75 for international transfers.
Maintaining sufficient funds in the account, matching bank account names, and providing accurate bank details are essential. R24 verifies all withdrawal requests for security and compliance. Clients can seek assistance through the online chat for any questions or uncertainties in the process.
R24 provides accessible customer support options to assist its clients with inquiries, concerns, and assistance related to their trading activities.
Phone Support: Clients can reach out to R24's customer support team through phone contact. They can dial +852 59320907 for assistance. Additionally, a separate phone number, +1-646 479 0462, is provided for inquiries related to the company's operations in Dubai, United Arab Emirates.
Email Support: For written inquiries and communication, clients can contact R24's customer service via email at email@example.com. This email address is a direct channel for addressing various concerns and seeking information.
Official Website: R24 offers its official website, www.r24capital.com, as a resource for clients to access information about the company, its services, and trading-related content. Clients can find additional details, educational resources, and updates on the website.
R24's commitment to providing multiple contact options demonstrates its dedication to assisting clients promptly and effectively. Whether through phone, email, or the official website, clients can reach out to receive the support they need to navigate their trading experience with confidence.
R24 offers a range of educational resources aimed at supporting traders' knowledge and skills. However, it's important to note that the available information on these resources is somewhat limited. These resources include:
Trading Central: Access to Trading Central, which provides technical analysis, research reports, and trade ideas, can be valuable, but the extent of available details may be restricted.
Economic Calendar: While R24 provides an economic calendar for tracking key economic events, the depth of information and analysis available in this tool might be limited.
Analyst Views: Access to expert insights and opinions is beneficial, but the extent of available analyst views may not be extensive.
TC MT4 Indicators: The provision of technical analysis tools in the form of TC MT4 Indicators can enhance traders' strategies, yet the range and depth of these indicators may be constrained.
Despite the limited information provided about these resources, they still offer valuable support to traders seeking to enhance their trading knowledge and strategies.
R24 Capital is an unregulated broker offering a wide range of market instruments, including Forex, Metals, Energy, Indices, and Cryptocurrency. They provide multiple account types, each with varying features and benefits, such as STP, VIP, ECN, and Affiliate accounts. The broker offers a maximum trading leverage of up to 1:1000, providing traders with the potential for amplified profits but also heightened risk. Spreads and commissions vary depending on the chosen account type, with some accounts offering tight spreads but charging commissions. R24 supports convenient deposit and withdrawal methods, while their trading platforms cater to both PC and mobile users. The broker offers educational resources, including Trading Central, an economic calendar, analyst views, and TC MT4 Indicators, although the depth of information is limited. It's important to note that R24 operates without regulation, necessitating caution and thorough research for potential investors.
Q1: Is R24 Capital regulated？
A1: No, R24 Capital is an unregulated broker, operating outside the oversight of established regulatory bodies like the SEC or FINRA. This lack of regulation means investors should exercise caution and conduct thorough research before trading with them.
Q2: What is the maximum leverage offered by R24 Capital？
A2: R24 Capital offers a maximum trading leverage of up to 1:1000, allowing traders to control larger positions with relatively smaller capital. However, this high leverage comes with increased risk and should be used judiciously.
Q3: How do I make deposits and withdrawals with R24 Capital？
A3: R24 Capital offers various deposit methods, including Visa/MasterCard and international bank wire transfers. Withdrawals can be requested by providing necessary account and bank details. Be aware that withdrawal fees may apply.
Q4: What trading platforms are available with R24 Capital？
A4: R24 Capital offers trading platforms for PC, iOS, and Android devices. These platforms provide flexibility and accessibility for traders to execute trades and manage their portfolios anytime, anywhere.
Q5: Are there educational resources provided by R24 Capital？
A5: Yes, R24 Capital offers educational resources, including Trading Central, an economic calendar, analyst views, and TC MT4 Indicators. These resources aim to support traders' knowledge and skills, although the extent of available information may be limited.
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