Global Broker Regulatory Inquiry Platform
WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

R24 CAPITAL

Hong Kong Hong Kong | 5-10 years |
ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

--

Website

Rating Index

Contact

+1 646 479 0462
--
Flat A222, 3/F, Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hung Hom, Kowloon, Hong Kong

license Forex License

No forex trading license found. Please be aware of the risks.

Keywords 4
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
3

Basic Information

Registered Region
Hong Kong
Operating Period
5-10 years
Company Name
R24 CAPITAL GROUP INC
Abbreviation
R24 CAPITAL
Company employee
--
Customer Service Email Address
info@r24capital.com
Contact Number
+16464790462
Company Website
--
Company Address
Flat A222, 3/F, Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hung Hom, Kowloon, Hong Kong
FX1671359704

FX1671359704

Unverified

Australia

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.

Exposure

FX1671359704

FX1671359704

Unverified

Australia

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.

Exposure

FX1671359704

FX1671359704

Unverified

Australia

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!

Exposure

Girlrich

Girlrich

Unverified

Cyprus

Could you reply to me with when or how to move charts over a multi-monitor desktop set up please?.

Neutral

Neutral

Hendrik G

Hendrik G

Unverified

Netherlands

Love the advanced charting tools on R24's platform, allowing me to analyze markets in detail. BTW, trading central is very useful.

Positive

Positive

Mohd Ali bin Abdullah

Mohd Ali bin Abdullah

Unverified

Malaysia

The spreads are pretty tight, which gave me some confidence. But honestly, their trading platform is the worst. It glitches all the time, and I often can't even log into my account.

Neutral

Neutral

tom2933

tom2933

Unverified

United States

Why are there so many bad reviews I use this platform all the time and I think it's very good

Positive

Positive

何所冬暖

何所冬暖

Unverified

Taiwan

R24 CAPITAL is a regulated broker. Excellent and professional support service. Recently I have been trading and making good profit all because of the assistance I got from my account manager, his strategy is quite different and simple but very profitable. Trade with him and experience booming trade.

Positive

Positive

天68804

天68804

Unverified

United Kingdom

If you have extra time, I recommend you to open a demo account first, testing trading environment, getting familiar with this broker. Don’t rush to start real trading, for I didn’t have a much pleasant experience with this platform.

Neutral

Neutral

9
Account
Website
Company Summary
Wiki Q&A
Comment

Users who viewed R24 CAPITAL also viewed..

Exness

Exness

8.33
Score
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Exness
Exness
Score
8.33
10-15 yearsRegulated in CyprusMarket Making License (MM)MT4 Full License
Official Website
Fortune Prime Global

Fortune Prime Global

8.58
Score
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Fortune Prime Global
Fortune Prime Global
Score
8.58
ECN Account10-15 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website
CPT Markets

CPT Markets

8.53
Score
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
CPT Markets
CPT Markets
Score
8.53
ECN Account15-20 yearsRegulated in United KingdomMarket Making License (MM)MT4 Full License
Official Website
PUPRIME

PUPRIME

8.53
Score
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
PUPRIME
PUPRIME
Score
8.53
ECN Account5-10 yearsRegulated in AustraliaMarket Making License (MM)MT4 Full License
Official Website

Website

  • r24capital.com
    47.91.215.249
    Server Location
    Hong Kong Hong Kong
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Company Profile

Company Profile

Review summary

R24 CAPITAL Review Summary
Founded2020
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsForex, Metals, Energy, Indices, Cryptocurrencies
Demo Account/
LeverageUp to 1:1000
EUR/USD SpreadFrom 1.8 pips (STP account)
Trading PlatformMT4
Min Deposit$100
Customer SupportTel: +852 59320907, +1-646 479 0462
Email: info@r24capital.com
Address: Flat A222, 3/F, Phase 2, Hang Fung Industrial Building, 2G Hok Yuen Street, Hung Hom, Kowloon, Hong Kong
O307A-DEIRA TOWER, AL REGA P.O.Box 1451, Dubai, United Arab Emirates

General Information

Founded in 2020, R24 Capital is an unregulated broker registered in Hong Kong, offering trading in Forex, Metals, Energy, Indices, and Cryptocurrencies with leverage up to up to 1:1000 and spread from 1.8 pips on the STP account via the MT4 account. The minimum deposit requirement to open a live account is $100.

Pros & Cons

ProsCons
Wide range of market instrumentsInaccessible website
Multiple account typesLack of regulation
Commission-free for most account typesLimited payment options
MT4 supportedWithdrawal fee charged

Regulation

No, R24 Capital currently has no valid regulations. Please be aware of the risk!

No license

Market Instruments

Tradable financial instruments offered by R24 Capital include forex currency pairs, metals, energies, indices, and cryptocurrencies.

Tradable Instruments Supported
Forex
Metals
Energy
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs

Account Type

Account TypeMin Deposit
STP$100
VIP$3 000
ECN$8 000
Affiliate$100
Account comparison

Leverage

R24 Capital offers a maximum trading leverage of up to 1:1000 for all account types. 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.

Spreads & Commissions

Account TypeEUR/USD SpreadCommission
STPFrom 1.8 pips
VIPFrom 1.0 pips
ECNFrom 0 pips7 USD
AffiliateFrom 2.3 pips

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 current situation. It supports a maximum trade volume of 100 standard lots and can hold up to 1000 orders at the same time.

Trading Platform

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.

Trading PlatformSupported Available Devices Suitable for
MT4PC, iOS, AndroidBeginners
MT5/Experienced traders

Deposit & Withdrawal

R24 accepts deposits via Visa and Mastercard, Bank Wire Transfer, and Bank Wire Transfer (Europe).

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 online chat for any questions or uncertainties in the process.

Deposit
Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

How safe is trading with R24 CAPITAL?

Trading with R24 CAPITAL presents a high-risk profile due to its unregulated status. The broker, operating as R24 CAPITAL GROUP INC from Hong Kong, holds no valid licenses from recognized financial authorities and is listed with a 'Suspicious Scope of Business'. Client funds lack the protection of an investor compensation scheme, necessitating severe risk warnings for prospective traders.

Two days ago
United States

What is the license number of R24 CAPITAL?

R24 CAPITAL does not hold a verifiable license number from any mainstream financial regulatory authority. The broker operates as an unregulated entity, which means it functions outside the purview of established regulatory frameworks that typically provide licensing and supervision.

Two days ago
United States

What is the full company name of R24 CAPITAL?

The full company name is R24 CAPITAL GROUP INC.

Two days ago
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Two days ago
United States

How can I determine if a forex broker is regulated?

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

Two days ago
United States

What does it mean if a broker holds multiple regulatory licenses?

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

Two days ago
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Two days ago
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

Two days ago
United States
View More

User Reviews9

All (9) Positive (3) Neutral (3) Exposure (3)
Scroll down to view more
Write a review
Exposure
Exposure
Neutral
Neutral
Positive
Positive

Content you want to comment

Please enter...

Submit now
Write a comment
9
Customer ServiceDownload AppScroll to TopTOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
United States
※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com