A Premier Trading Gateway
24Yield.com emerges as a distinguished online broker, offering a vast array of over 1000 assets including CFDs, stocks, and ETFs. Regulated across multiple jurisdictions, including CySEC and FMA, it stands out for its zero commission policy and a unique platform that caters to both beginners and professionals alike.Expert Reviewer Verdict
24Yield is an ideal choice for traders seeking a blend of robust regulation and diverse trading options without the burden of commissions. It appeals to a wide range of investors from beginners to professionals, thanks to a unique trading platform that simplifies navigation across over 1000 assets. The absence of USA traders might be a limitation, but for those within its operational regions, the advantages are significant. With a commitment to security through segregated accounts and anti-fraud measures, alongside a user-friendly mobile app, 24Yield ensures a seamless trading experience. Its standout feature is its compliance with 17 regulators, offering unparalleled peace of mind and making it a top contender in the crowded online brokerage space.
Pros and Cons
Pros
- Heavily-Regulated Across Multiple Regions
- Over 1000 Assets Available for Trading
- Zero Commissions On All Assets
- Unique, User-Friendly Trading Platform
- Suitable for Both Beginners and Professionals
Cons
- No USA Traders Accepted
- Limited Customer Service Hours
- Single Proprietary Platform Option
Trust and Safety
Securing Your Trading Journey
24Yield prioritizes trust and safety through a comprehensive framework of regulatory compliance and security measures. It operates under the oversight of multiple reputable regulatory authorities, including CySEC, FMA, and a host of others across Europe and beyond, ensuring adherence to stringent financial standards and ethical trading practices. This multi-jurisdictional regulation not only underscores 24Yield’s commitment to operational integrity but also provides traders with a layer of protection rarely matched in the industry.
To combat fraud, 24Yield has adopted robust Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) policies, reflecting its proactive stance against financial crime. These policies are complemented by stringent verification processes during account opening, ensuring that all clients are thoroughly vetted.
Moreover, the security of client funds is paramount at 24Yield. By keeping client funds in segregated bank accounts, the broker ensures that traders’ capital is insulated from company funds, offering an additional layer of financial safety. Additionally, the policy of refunding customer funds only to the original source of deposit acts as a safeguard against unauthorized withdrawals, providing traders with peace of mind that their investments are secure with 24Yield.
|
Regulatory Body |
Status |
|
ASIC |
No |
|
CySEC |
Yes |
|
DFSA |
No |
|
EFSA |
Yes |
|
FCA |
No |
|
FMA |
Yes |
|
FSA (SC) |
No |
|
FSCA |
No |
|
FSC |
Yes |
|
JFSA |
No |
|
MAS |
No |
|
MiFID |
Yes |
Tradable Instruments
Diverse Trading Opportunities
24Yield offers a comprehensive range of tradable instruments, catering to the diverse needs of its clientele. Traders have access to over 1000 assets, ensuring a broad spectrum of investment opportunities. The broker’s portfolio includes Contracts for Difference (CFDs) on stocks, allowing traders to speculate on the price movements of shares without owning the underlying assets. This extends to commodities, indices, currencies, and Exchange-Traded Funds (ETFs), providing a versatile trading experience.
The inclusion of commodities offers a gateway to markets influenced by economic, political, and environmental factors, while indices provide exposure to broader market trends. Currency pairs cater to forex traders, offering opportunities in the world’s largest financial market. ETFs, on the other hand, allow for diversified investments in baskets of assets, mirroring the performance of indices, sectors, or commodities.
24Yield’s commitment to offering a wide array of instruments is a testament to its aim to serve as a one-stop shop for traders looking for variety and flexibility in their trading strategies. Whether you’re interested in the volatility of the stock market, the stability of commodities, or the liquidity of forex, 24Yield provides the tools and assets necessary for a comprehensive trading experience.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
No |
|
ETF |
Yes |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Accounts for Every Trader Level
24Yield caters to a diverse clientele with its range of account types, designed to accommodate the varying needs and experience levels of traders. The broker offers three main account types: Explorer, Pioneer, and Master. Each account is tailored to suit different stages of a trader’s journey, ensuring that both novices and seasoned professionals find a suitable platform for their trading activities.
The Explorer account is ideal for beginners, providing a foundational trading environment with access to educational resources and support to help new traders navigate the complexities of the financial markets. This account type emphasizes learning and growth, offering a safe space for newcomers to develop their trading skills.
For traders who have gained some experience and are looking to expand their trading strategies, the Pioneer account offers an enhanced trading experience. This account type provides access to a wider range of instruments and advanced tools, catering to traders who are ready to explore new markets and take on more significant challenges.
The Master account is designed for professional traders, offering the most comprehensive access to 24Yield’s full range of services, including all available trading instruments, priority support, and the most advanced trading tools and analytics. This account type is suited for those who demand the highest level of service and flexibility in their trading endeavors.
|
Account Type |
Available |
|
DEMO ACCOUNT |
No |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
Yes |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Cost-Effective Trading Simplified
24Yield offers a transparent and appealing fee structure, eliminating many of the costs typically associated with online trading.
Account Minimum
A minimum deposit of 250 EUR/USD is required to start trading, striking a balance between accessibility and a commitment to serious trading.
Trading Fees
Traders enjoy zero commissions across all assets, including stocks, CFDs, and forex, significantly lowering the cost barrier to entry and ongoing trading activities.
CFD Fees
CFD trading is commission-free, aligning with the broker’s overall strategy to reduce trading costs and enhance profitability for its clients.
Forex Fees
Forex transactions are executed without any commission, offering competitive trading conditions for currency market participants.
Futures Fees
Futures trading, like other instruments on 24Yield, comes without commission fees, providing cost-effective access to this market.
Account Fee
There are no account maintenance fees, allowing traders to keep their accounts open without incurring regular charges.
Inactivity Fee
In line with its trader-friendly policy, 24Yield does not charge an inactivity fee, catering to both active and occasional traders.
Deposit Fee
The deposit process is free of charge, ensuring that traders can manage their funds efficiently without additional costs.
Withdrawal Fee
The withdrawal process also works the same way as the deposit process.
Overnight Funding Fee
A swap fee is applied to overnight positions, which is standard practice and depends on the interest rates of the currencies involved.
Currency Conversion Fee
No fees are charged for currency conversion, further reducing the costs for traders engaging in multi-currency transactions.
Guaranteed Stop Order Fee
Stop loss orders are guaranteed without any fee, providing an essential risk management tool at no extra cost.
Trading Platforms
Seamless Trading Across Devices
24Yield offers a unique and proprietary trading platform, tailored to meet the needs of its diverse clientele. This platform is designed to provide a seamless and intuitive trading experience, catering to both beginners and professional traders alike.
Mobile Trading Apps
The broker’s commitment to accessibility and convenience is evident through its mobile trading apps for iOS and Android devices. These apps ensure that traders can manage their portfolios, monitor markets, and execute trades anytime, anywhere, with the same functionality as the web platform.
Web Trading Apps
24Yield’s proprietary web trading platform stands out for its user-friendly interface and robust functionality. It allows traders to access a wide range of financial instruments, perform analysis, and execute trades directly from their web browser, without the need for any downloads or installations.
Desktop Trading Apps
24Yield does not offer a desktop trading app, focusing instead on providing a versatile web platform and comprehensive mobile apps to cater to the trading needs of its users across various devices.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
No |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
Yes |
|
iOS |
Yes |
Unique Features
Superior Trading Experience Guaranteed
24Yield distinguishes itself in the crowded online brokerage space with several unique features that cater to a wide range of traders. A standout aspect is its proprietary trading platform, designed to offer a seamless and intuitive trading experience across web and mobile applications. This platform is accessible on iOS and Android devices, ensuring traders can manage their portfolios and trade on the go with ease.
Additionally, 24Yield’s commitment to regulatory compliance is evident in its licensing across multiple jurisdictions, providing traders with a secure and trustworthy environment for their investment activities. The broker’s approach to customer service is also noteworthy, offering direct email and phone support to address client queries promptly.
Furthermore, 24Yield’s dedication to education and research is exemplified by its provision of analysis from leading investment banks and a wealth of free educational materials, supporting traders in making informed decisions. These features collectively underscore 24Yield’s commitment to delivering a superior trading experience.
Research and Education
Empowering Traders With Knowledge
24Yield places a strong emphasis on empowering its traders through a comprehensive suite of research and educational tools. The broker offers analysis powered by some of the largest investment banks in the world, providing traders with access to high-quality, professional insights that can inform their trading strategies and decisions. This level of analysis ensures that traders are well-equipped to navigate the complexities of the financial markets with confidence.
In addition to market analysis, 24Yield is committed to trader education. The broker provides a wealth of free educational materials designed to enhance the trading skills of both beginners and experienced traders. This educational content covers a wide range of topics, from the basics of trading to more advanced strategies and market analysis techniques.
By offering these resources, 24Yield demonstrates its dedication to supporting its clients’ growth and success in the trading world.
Customer Support
Dedicated Support for Traders
24Yield is committed to providing its clients with reliable and accessible customer support. The broker offers support through email and phone, ensuring that traders can reach out for assistance during the trading week. Operating hours are set from 8:00 to 17:00 GMT, catering to a wide range of time zones and ensuring that traders can get the help they need within reasonable hours.
This approach to customer service is designed to offer timely and effective support, addressing queries and resolving issues to maintain a smooth trading experience. While the absence of 24/7 support and live chat might be noted, the quality and responsiveness of the provided channels reflect 24Yield’s dedication to customer satisfaction and operational excellence.
Account Opening
Smooth and Secure Start
Embarking on your trading journey with 24Yield is straightforward and secure.
Registration: The process begins with a simple registration form, where you provide basic personal information to create your account. This step is designed to be quick and easy, ensuring you can get started without delay.
Verification: Following registration, you’ll undergo a verification process. This crucial step involves confirming the accuracy of the information provided, aligning with 24Yield’s commitment to security and compliance with regulatory standards.
Document Upload: You’ll then be asked to upload identification and proof of address (PoA) documents. This step is part of the broker’s due diligence to ensure the safety of your account and comply with anti-money laundering regulations.
Completing these steps not only secures your account but also aligns with 24Yield’s dedication to providing a safe trading environment.
Deposit and Withdrawals
Smooth Financial Transactions
24Yield ensures a seamless process for both deposits and withdrawals, catering to the convenience of its traders.
Deposits: The broker accepts a variety of payment methods including bank transfers, direct debit, and credit and debit card payments. Direct debit and card payments are notably efficient, being processed instantly within a minute, allowing traders to quickly capitalize on market opportunities. Bank transfers, while taking slightly longer, are processed within 1-2 days, ensuring funds are available for trading in a timely manner.
Withdrawals: 24Yield processes withdrawals within the same day, demonstrating its commitment to providing prompt access to funds. However, it’s important to note that the actual receipt of funds may be subject to delays depending on card schemes or interbank transfer times.
This streamlined approach to financial transactions underscores 24Yield’s dedication to providing a hassle-free trading experience, ensuring that managing funds is straightforward and efficient for all its clients.
Final Thoughts
In the bustling world of online trading, 24Yield stands out as a broker that meticulously blends regulatory rigor with a diverse array of trading instruments and a user-centric approach. Its commitment to zero commission across a wide range of assets, coupled with a unique and intuitive trading platform, positions it as a compelling choice for traders at any skill level. The broker’s dedication to security, through stringent anti-fraud measures and segregated accounts, instills confidence among its users.
Furthermore, 24Yield’s comprehensive educational resources and professional market analysis empower traders to make informed decisions. While the absence of services for USA traders and a desktop platform may be seen as limitations, the overall offering of 24Yield, highlighted by its regulatory compliance across multiple jurisdictions, makes it a noteworthy contender in the global online brokerage space.
Contact Info
Luxembourg, Bulgaria, Mauritius, Vanuatu
FAQs
-
Question: Is 24Yield Regulated?
Answer: Yes, 24Yield is heavily regulated by multiple authorities including CySEC, FMA, and several others across Europe and beyond, ensuring a high standard of trust and security for its traders. -
Question: Are There Any Fees for Trading on 24Yield?
Answer: 24Yield boasts a zero-commission policy on all trading instruments. However, a swap fee is applied for overnight positions, depending on the interest rates of the involved currencies. -
Question: Can Traders from the USA Open an Account with 24Yield?
Answer: No, 24Yield does not accept traders from the USA as part of its current regulatory and operational framework. -
Question: Does 24Yield Offer Educational Resources for Traders?
Answer: Yes, 24Yield provides traders with access to high-quality research and free educational materials, powered by analysis from the largest investment banks, to support informed trading decisions.
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