Brokers  /  Forex24

Forex24

Moderate risk
🇨🇾 Cyprus · 5-10 years · since 2018-11-20 · Lydya Financial Ltd
CYSEC
Visit site ↗
—/5
★★★★★ ★★★★★
2 reviews ›
1
Licenses ›
0
Withdrawal issues ›
$250
Min. deposit ›
1:30 MAJORS/1:20 NON MAJORS
Max leverage ›
3
Account types ›
36/100
Scam risk ›
1
Clone sites ›
Accounts: Gold · $/£/€/1000Silver · $/£/€/1000Bronze · $/£/€/250
▲ 50% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.64/10
Trustpilot—/5
Forex Peace Army—/5
36
Moderate risk
Scam Risk Scoremonitored · 2026-07-05
Lower riskHigher risk
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing6835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)5310%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameLydya Financial Ltd
Headquarters🇨🇾 Cyprus
Founded2018-11-20
Years operating5-10 years
Employees0
Official websiteforex24.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods3 methods
Withdrawal methods4 · NETELLER, Skrill
Instruments--
Registered address
5 Nikou Kazantzaki, George Court, 1st Floor, Ayios Theodoros, 8035 Paphos, Cyprus

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECDerivatives Trading License (STP)300/16Cyprus—

Account types · 3

AccountMax leverageMin. depositMin. spreadCommissionEA
Gold1:30 MAJORS/1:20 NON MAJORS$/£/€/1000from 1.2--✓
Silver1:30 MAJORS/1:20 NON MAJORS$/£/€/1000 from 1.7--✓
Bronze1:30 MAJORS/1:20 NON MAJORS$/£/€/250from 2.8 --✓

Review analysis AI

Across 2 recent Trustpilot reviews, 0% are 1–2 star. We also found 1 clone site(s) impersonating this brand — a frequent vehicle for scams.

0
Period:
What users praise
Where reviewers are from
Singapore2

Real user reviews

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About Forex24

Forex24 is a forex and CFD broker based in Cyprus, with records dating to 2018-11-20. It reports oversight from CYSEC.

FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.

Finally, beware of impersonation: we tracked 1 clone website(s) copying Forex24. Always reach the broker through its verified official domain, never via links in ads or messages.

Overview compiled by FXCanary from regulatory records and public data. full Forex24 review