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Offshore license only, low editor score High risk

Registered only in offshore jurisdictions. These licenses provide no client-fund supervision or investor compensation; do not expect Tier-1 (FCA, ASIC, SEC) level protection.

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24Five Review · 2026

Offshore · MISA Broker

Review · 2026 Fomboni, Comoros · Founded 2015 · Operating as One World LTD

License verified 19 Oct 2026 Next re-scan Jan 2027 11+ years in operation Min. deposit $500 · Leverage 1:200

Key facts

Checked against MISA register
Regulation
MISA
Headquarters
Fomboni
Business model
Market Maker
Registration
Comoros
Min. deposit
$500
Max leverage
1:200
Spread from
0.0 pip
Founded
2015
Legal entity
One World LTD
Website
24five.com
Support email
info@24five.com
Phone
—
Influence index
D · Latin America

Active licenses

Checked on the regulator's public register, not the broker's website.

1 active
  • MISA KM
    Active
    Entity
    ONE WORLD LTD
    License ID
    T2023314
    Type
    International Brokerage and Clearing House
    Checked
    19 Oct 2026
    Tier
    Tier 4 Registration only, no real oversight
    Register entry →

Score breakdown

Six dimensions, weighted per the published rubric.

Methodology →
Regulation 0.0/10
Weight 25%
License 2.0/10
Weight 20%
Risk Control 2.0/10
Weight 20%
Business 3.0/10
Weight 15%
Software 3.5/10
Weight 10%
Influence 0.0/10
Weight 10%

Strengths

5
  • More than 50 forex pairs and 500+ assets across multiple CFD markets
  • Spreads advertised from 0.0 pips on the current forex page
  • MT4 plus the proprietary 24Five Trading Platform
  • Free demo account with $10,000 in virtual credit
  • Classic account lists no commission on forex pairs

Weaknesses

5
  • Only offshore MISA oversight, with no Tier-1 or Tier-2 license found
  • No statutory investor compensation scheme identified
  • $500 minimum deposit for the Classic account
  • $150 monthly inactivity fee can apply after 30 days
  • Withdrawal volume rules can delay access to deposits and profits

Fees & trading

Min. deposit $500 · Leverage 1:200

Trading platforms

  • MT4
  • 24Five Trading Platform

Account types

  • Classic
  • Pro
  • Expert
  • Demo

Deposit methods

  • Visa
  • Mastercard
  • AstroPay
  • Bank Transfer
Full review 8 min read Updated 19 Oct 2026

24Five review 2026: MT4 and proprietary multi-asset trading with a $500 Classic account

24Five is a Fomboni, Comoros-based market-maker forex and CFD broker founded in 2015. MISA lists One World LTD under license T2023314, and 24Five trades on MetaTrader 4 and its proprietary 24Five Trading Platform with Classic, Pro, and Expert accounts. It serves retail clients across more than 50 forex pairs plus stocks, indices, cryptocurrencies, commodities, metals, energies, and futures CFDs.

What is 24Five?

24Five is a forex and CFD (Contract for Difference) broker operated by One World LTD, company number HY00623017. The firm presents itself as a market maker, meaning the broker can act as the pricing counterparty to client trades. Its disclosed base is Fomboni, Mwali, Comoros. The brand states that it began operating in 2015, giving it roughly a decade of operating history.

The broker combines MetaTrader 4 with its own browser-based trading interface. Its current site advertises more than 500 instruments across forex, cryptocurrencies, stocks, indices, futures, energies, commodities, and metals. The official forex page states that more than 50 currency pairs are available. One World LTD is the legal entity named on the website's contact, risk-warning, and legal pages.

Is 24Five regulated? Verification check

24Five discloses authorization from the Mwali International Services Authority (MISA) in Comoros under license T2023314. The public MISA verification page identifies ONE WORLD LTD, company number HY00623017, and 24five.com. The MISA register lists ONE WORLD LTD under license T2023314 with status Active, valid until June 30, 2027 (source: Mwali International Services Authority register, checked September 29, 2026).

The website describes One World LTD as authorized and regulated by MISA, which matches the active register entry. MISA is an offshore authority in Comoros, so this license does not carry the supervision or investor protection of a Tier-1 or Tier-2 regulator, and no statutory investor compensation scheme was identified. No FCA (UK Financial Conduct Authority) license was verified for the broker. No CySEC (Cyprus Securities and Exchange Commission) or ASIC (Australian Securities and Investments Commission) license was verified either. The regulation status is therefore offshore: licensed, but not by a Tier-1 or Tier-2 regulator.

Trading platforms

The platform lineup consists of MT4 (MetaTrader 4) and the broker's proprietary platform. A proprietary platform is software developed or branded by the broker rather than an independent platform provider. The MT4 page describes desktop and mobile access, chart customization, technical indicators, alerts, transaction history, and order controls.

The proprietary interface runs across web, mobile, desktop, and tablet devices. The broker advertises more than 20 indicators on this platform. MT4 support appears on the official website, but an independently confirmed MetaQuotes server listing was not verified during the earlier data check. The free demo account provides $10,000 in virtual credit for platform testing.

24Five red flags and warning signs

The main regulatory concern is the license tier rather than its status. 24Five's only authorization is the offshore MISA license T2023314, which the MISA register lists as active until June 30, 2027, and no Tier-1 or Tier-2 license was identified. The broker's withdrawal policy also deserves close reading because it contains specific trading-volume requirements.

The official terms state that accounts which have never traded cannot withdraw funds within 30 business days of inactivity. They also use a volume formula based on the deposited amount before certain deposits or profits can be released. A lot is a standardized forex trade size, with one standard lot representing 100,000 currency units.

The same terms describe a possible $150 monthly inactivity fee in specified dormant-account circumstances. They also state that inactivity charges can be applied retroactively. These are contractual conditions published by the broker itself, rather than allegations from third parties.

What is the minimum deposit?

The Classic account lists a $500 minimum deposit. The Pro account lists $1,000, while the Expert account lists $10,000. These account-specific figures provide a clearer reference than general educational material elsewhere on the website that discusses starting forex trading with $1,000.

The account page also states maximum leverage, meaning the multiple of market exposure controlled with deposited margin. Classic lists up to 1:200, while Expert lists up to 1:100. The Pro summary does not clearly display a separate maximum leverage figure. Cryptocurrency pages show lower leverage ranges, including 1:2 to 1:30 for crypto CFDs.

Regulator warning-list check

A warning-list check is separate from license verification. It asks whether a regulator publicly identifies a firm as unauthorized, cloned, or subject to an investor alert. Searches completed for this review did not identify a matching 24Five warning from the FCA, ASIC, or CySEC as of September 24, 2026.

The absence of a warning does not establish active authorization. License status is a separate check: the MISA register lists license T2023314 as active until June 30, 2027 (checked September 29, 2026), which matches the broker's description of the authorization as current. "No warning found" and "license verified active" are different findings and should not be treated as interchangeable.

What do user complaints say?

A public user-review aggregate showed a 2.5/5 rating from 44 reviews during the September 24, 2026 scan. The distribution showed 64% of reviews at one star. Recent visible submissions repeatedly alleged withdrawal difficulties, requests for additional deposits, changing account representatives, and disputed support outcomes. These statements are user allegations, not verified regulator findings.

Public feedback is not uniform. Some users described successful withdrawals or acceptable platform performance. The aggregate nevertheless skews negative at the current scan date. The withdrawal theme is particularly relevant because the broker's own terms contain volume requirements, approval conditions, and dormant-account provisions that can affect access to funds.

How to verify the license claim yourself

License verification means matching the broker, legal entity, website, license number, and status against the regulator's own record. For this broker, the identifiers are ONE WORLD LTD, company number HY00623017, and license T2023314. The verification process can be reduced to five checks:

  1. Open the official Mwali International Services Authority register rather than a broker-review website.
  2. Search for ONE WORLD LTD and confirm that 24five.com appears on the record.
  3. Compare the company number and license number with the broker's legal footer.
  4. Check the issue date, expiration date, and current status shown by the regulator.
  5. Confirm that the status still reads Active and that the June 30, 2027 end date has not passed.

When checked on September 29, 2026, the record showed status Active with a June 30, 2027 end date. This review therefore records the license as active, while treating MISA as an offshore authority rather than a Tier-1 or Tier-2 regulator.

How does customer support work?

Customer support is advertised as available 24/5 through phone, chat, and email on the broker's account materials. The public contact page provides info@24five.com and a callback form. It does not display a general customer-service telephone number in the same contact block.

Classic accounts include standard support, while higher account tiers add dedicated account-manager or VIP-style service. Advertised availability is different from independently measured response quality. No audited response-time statistics were verified. Public feedback contains both reports of resolved problems and complaints about slow or disputed support interactions.

Where is the broker actually based?

The legal entity is registered in Fomboni, Mwali, Comoros. The MISA verification page identifies ONE WORLD LTD and 24five.com. The broker's own legal footer repeats the Comoros company details, while a legal entity identifier certificate also places One World LTD in Fomboni.

The website serves an international audience but excludes several jurisdictions. Its current risk notice names Canada, Japan, Sudan, North Korea, the United Arab Emirates, the United Kingdom, and the United States. International website access does not establish local financial authorization. A trader's country may impose separate licensing or solicitation requirements.

Account types and bonus terms

The broker lists three live account tiers: Classic, Pro, and Expert, plus a demo account. Classic includes forex, metals, and stocks. Pro adds commodity and energy CFDs. Expert expands the instrument list to cryptocurrencies, futures, and indices. The account page lists a 20% margin call for Classic and Pro and 25% for Expert.

A margin call is a threshold reached when account equity falls relative to required margin. The broker also advertises promotional trading bonuses. Published bonus terms state that bonus funds are for margin purposes and cannot be withdrawn. The main terms also state that bonus cancellation can contribute to position closure when cash equity falls to zero or below.

Broker features

Feature 24Five Information
Founded 2015
Headquarters Fomboni, Comoros
Disclosed regulator MISA, license T2023314
Registration verified Entity matched; MISA T2023314 active until June 30, 2027 (checked September 29, 2026)
Trading platforms MT4, 24Five Trading Platform
Minimum deposit $500 Classic
Maximum leverage 1:200
Account types Classic, Pro, Expert, Demo
Islamic account Not disclosed on official site
Customer support 24/5 phone, chat, email
Deposit methods Visa, Mastercard, AstroPay, Bank Transfer

Should you avoid 24Five?

24Five combines MT4, a proprietary platform, three live account tiers, and access to multiple CFD markets. The central limitation is the regulatory tier. MISA license T2023314 matches ONE WORLD LTD and 24five.com and is listed as active until June 30, 2027 (checked September 29, 2026), but MISA is an offshore authority and no Tier-1 or Tier-2 license was identified.

The broker's terms also contain conditions that directly affect withdrawals and dormant accounts. These include trading-volume requirements for releasing certain deposits or profits and a possible $150 monthly inactivity fee. Public user feedback currently skews negative, with a 2.5/5 aggregate from 44 reviews. Those documented points make the offshore license tier and withdrawal terms central to any factual assessment.

Forex and derivative products carry high leverage; some or all invested capital may be lost. This content is for information only, not investment advice. Verify the broker's current regulation status with the relevant authority's official site before any investment decision.

FXSharp Editorial Team

FXSharp is an independent site that reviews forex brokers and prop trading firms. Every license is checked on the regulator's own register, every score follows our published methodology, and no broker can pay for a higher rating.

Published 19 Oct 2026 · Last verified 19 Oct 2026 · Sources: MISA register, 24five.com

Frequently asked questions

24Five is operated by One World LTD, which holds Mwali International Services Authority (MISA) license T2023314. The MISA register lists ONE WORLD LTD under that license with status Active, valid until June 30, 2027 (checked September 29, 2026), and the record matches the company and the 24five.com website. MISA is an offshore authority in Comoros, and no Tier-1 or Tier-2 license was identified.
24Five cannot be classified as a scam from the evidence reviewed here. Its legal entity holds offshore MISA license T2023314, which the MISA register lists as active until June 30, 2027, but no Tier-1 or Tier-2 license was identified. User reviews include serious withdrawal allegations, but those claims are not equivalent to regulator findings and were not independently verified.
24Five did not produce a matching public warning in the FCA, ASIC, or CySEC searches completed for this review on September 24, 2026. The principal regulatory issue is instead the license tier: MISA license T2023314 is listed as active until June 30, 2027 (checked September 29, 2026), but MISA is an offshore authority rather than a Tier-1 or Tier-2 regulator.
24Five's license claim can be checked by searching the official Mwali International Services Authority register for ONE WORLD LTD and T2023314. Confirm company number HY00623017, the 24five.com domain, license dates, and current status. When checked on September 29, 2026, the record showed status Active with a license end date of June 30, 2027.
24Five fund-recovery options depend on the payment method, contract terms, and the customer's country. Possible formal routes can include contacting the card issuer or bank, filing a complaint with an applicable financial authority, or pursuing civil remedies. No Tier-1 investor compensation scheme covering 24Five clients was verified in this review.

User reviews & complaints

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