It has an interesting competitive advantage, which is having a special account to cater for customers who are Islamic. This account takes into consideration Islamic laws and practices as well as Sharia Law. Customers from all over the world can access this broker with exception of those from the United States.
Currently, this site is not regulated, although it has taken the necessary steps to get regulated. It has proven to be safe and reliable, though traders should use the broker with caution until it has received its full regulation.
The payout system on this broker is a bit unique from other platforms. You can receive up to 85% as trade payouts, which is high for the industry. The platform offers insurance on some trades of up to 50% which translates to a 50% out of –money bonus.
There are four assets that can be traded on this site and these are indices, currencies, commodities and stocks.
24Bulls Trading Platform
Deposits and Withdrawals
The minimum amount required to set up a starter account is USD 250 or its equivalent in EUR or AUD. For the purposes of making a deposit, this broker accepts Skrill, credit cards and wire transfers. There are no extra or hidden charges while withdrawing or depositing.
Depending on your level of skill, and the returns that you would like to receive from this broker, you will choose from one of three different types of accounts. These include: —
- Starter account: This account is the most basic and it gives you access to live support and day to day market updates. You need a minimum deposit of $250.
- Starter Plus: This account has a minimum deposit of $500 and it includes live chats, a personal account manager, free support and training and day to day market updates. It is the preferred account type for most new visitors.
- Standard and Premium accounts: The benefits that come with this account type include an experienced executive to handle personal accounts, access to the dealers’ room and analyst desk, a trading calendar and glossary. A $2500 match bonus is up for grabs including an iPad 3 daily raffle. Those customers who refer new customers to the website get a referral bonus of $350.
Special attention has been given to providing excellent customer support services at 24bulls. It is available in eight languages including English, German, Japanese, Korean, Russian, Portuguese, Spanish and French. You can reach a representative through live chat, email and on the telephone. These services are available 24 hours a day but only 6 days a week (Sunday is excluded). There is a scheduled call back option if the customer care team cannot be reached. It is also advisable to first contact the customer care team when opening an account to seek clarification especially on the payout systems on this platform. Demo accounts are not available, so going live without enough information is not recommended.