Since 7FX Globals official website (https://www.7fxgt.com/)cannot be opened for now, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.
General Information
Registered in the United Kingdom, 7FX Global boasts that it is a forex broker providing access to a massive financial market. With the 7FX Global platform, four trading accounts are available, with the minimum deposit to open a professional starting at $1, and the maximum trading leverage that traders can use is up to 1:1000.
7FX Global is operated by 7FX Global Traders Limited, a company incorporated in the United Kingdom. 7FX Global Traders Limited does not hold any regulatory license to show it operates legally. Please be aware of the risk.
Account Types
Four trading accounts are designed for both retail and professional traders, including Basic, Economic, Classic, and VIP. To start a Basic account, only a low initial deposit of $1 is what you need. The Economic account requires $500, and the Classic account asks for $5,000. While traders who want to try the VIP account need fund at least $25,000.
Leverage
When it comes to leverage, 7FX Global allows its clients to use leverage of up to 1:1000, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.
Trading Platform
7FX Global provides access to the industry-leading MT5 trading platform, which is among the most popular trading platforms around the world. Here is what this trading platform looks like:
7FX Global MT5 trading platform is equipped with the algorithmic trading and the plethora of comprehensive charting tools. All in all, this is solid distribution of the platform.
Payment Methods
7FX Global supports payments via wire transfers, credit cards, e-wallets like skill and Bitcoin. If you trade with this broker, please use a credit card as that will allow you to file a chargeback within 540 days of the transaction when something goes wrong.
Customer Support
As an unregulated forex broker, 7FX Global provides the poor customer support. Clients with any inquiries or trading-related issues can also get in touch with this broker through the following channels:
Telephone: +44 7597372405
Email: support@culturecapitalth.com
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
