7XFX -Overview of Minimum Deposit, Spreads & Leverage

General Information

7XFX presents itself as a Saint Vincent and the Grenadines-based broker that provides its clients with supreme trading platforms and help them build the bridge that turns their financial dreams into goals, and then into reality. It also hypes that it offers up to 600:1 leverage, over low spreads, a choice of five account types and 24×7 customer support services.

Market Instruments

7XFX advertises that it offers various trading instruments, including energy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals and soft commodities.

Account Types

There are five trading accounts offered by 7XFX, namely Standard, 7XFX+, 7XFX Gold, 7XFX Expert and 7XFX Platinum. The minimum initial deposit to start a Standard account is $500, while the other four accounts require much higher initial capital, $5,000, $25,000, $100,000 respectively, but minimum deposit about Platinum account need to contact for more details.

Leverage

The maximum leverage is significantly affected by what type of accounts you are holding. The maximum leverage in the Standard account is 100:1, the 7XFX+ account is 200:1, the 7XFX Gold and the 7XFX Expert account is 400:1, and the 7XFX Platinum is up to 600:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spread is significantly affected by what type of accounts you are holding. The Standard account with Standard Spreads, the 7XFX+ account with up to 15% discount spreads, the 7XFX Gold account with Gold Spreads, the 7XFX Expert account with Expert Spreads, and the spread in the 7XFX Platinum account need to contact for more details. Other specific information about spreads and commissions is not available directly on 7XFXs website.

Trading Platform Available

When it comes to trading platforms available,7XFX gives traders four choices: WebTrader, iPhone Trading App, Android Trading App and Tablet Trading. WebTrader is very flexible and widely popular for its easy-to-use feature. While iPhone Trading App has an intuitive interface equipped with the most modern features which make cryptocurrency trading very easy. Android Trading App helps traders monitor real-time data, track the trends in the financial market, and get the latest updates. Tablet Trading offers users to access real-time market data and view live prices.

Deposit & Withdrawal

7XFX only accepts Bitcoin deposits. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. It is very important to note that an account becomes dormant after 3 months of inactivity and will be charged $100 per month.

Customer Support

7XFXs customer support can be reached through telephone: +61272515861, WhatsApp: +447862133989 or live chat. Besides, you can also follow this broker on some social media platforms like Facebook, Telegram, Twitter and YouTube.