Forex24 Review
36
Review
Fast Facts
Account types
| Bronze Account | Silver Account | Gold Account | |
|---|---|---|---|
| Minimum Deposit | 250 USD | ||
| Maximum Leverage | 1:30 | ||
| Spread from (pips) | |||
| Commission per lot (USD) | 0 | ||
| Minimum Trade Size | 0.01 | ||
| Step | |||
| Execution Type | |||
| Trading Instruments | Crypto, Stocks, Indices, Energies, Metals, Commodities, Forex | ||
| Margin Call | |||
| Stop out | 50% | ||
| Swap Free | |||
| Currency | GBP, EUR, USD | ||
Deposits / Withdrawals
- Deposit Methods: Bank Wire Transfer, Visa, MasterCard, Maestro, Skrill
- Withdrawal Methods: Bank Wire Transfer, Visa, MasterCard, Maestro, Skrill
- Account Currencies: GBP, EUR, USD
Contact Info and Support
5 Nikou Kazantzaki, George Court, 1st Floor, Ayios Theodoros, 8035 Paphos, Cyprus
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 0 |
| Bounce Rate | 0 | |
| Pageviews per Visit | 0 | |
| Avg. Visit Duration | 0 | |
| Estimated monthly visits | July 2025 | 0 |
| August 2025 | 0 | |
| September 2025 | 0 | |
| Traffic sources | Social | - |
| Paid Referrals | - | |
| - | ||
| Referrals | - | |
| Search | - | |
| Direct | - |
About Forex24
Lydya Financial Ltd is a Cyprus Investment Firm (CIF), registration number HE334292, regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 300/16 (). The firm operates under the brand Forex24 and provides CFDs on multiple asset classes, including Forex, Commodities, Precious Metals, Energies, Indices, Stocks/Equities, and Cryptocurrencies (). Trading platforms offered include MetaTrader 4 (MT4) and WebTrader; account base currencies comprise GBP, EUR, and USD; Islamic/swap‑free accounts are not offered; EAs (Expert Advisors) are permitted, while hedging and scalping are not ().
Account types (Bronze, Silver, Gold) require a minimum deposit of GBP 250, EUR 250 or USD 250, feature 1:30 maximum leverage, zero commissions, minimum trade volume of 0.01 lots, and stop‑out level at 50% (). The broker’s domain is forex24.com ().
CySEC imposed fines on Lydya Financial in 2025: €100 penalty in August for late QST‑CIF report submission under Circular C691, and a further €850 fine for missing the RBSF‑CIF report deadline under Circular C706 (). The firm's Legal Entity Identifier (LEI 213800GJ47NI1547NH25) is recorded as lapsed ().
Who it’s for
- Retail traders seeking access to diversified CFD markets including cryptos, commodities, stocks, indices, and forex.
- Users comfortable with MT4 or WebTrader platforms and automated trading (EAs).
Pros and cons
Pros
- Regulated by CySEC under licence 300/16.
- Wide range of asset classes and support for automated trading (EAs).
- Low entry: USD/EUR/GBP 250 minimum deposit; zero commission structure.
Cons
- Only 1:30 leverage, which may be below expectations of some FX traders.
- Hedging and scalping are not allowed.
- Recent compliance fines and lapsed LEI raise questions about regulatory diligence.
