7xFx Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-03 17:00

Abstract：7xFx is an unregulated broker, offering trading on energy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals, soft commodities with leverage up to 1:400 and spread from 0.2 pips via its Proprietary platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $500.

　　Note: 7xFx's official website - https://7xfx.com/ is currently inaccessible normally.

7xFx Review Summary
Founded	2021
Registered Country/Region	Saint Vincent and the Grenadines
Regulation	No regulation
Market Instruments	Energy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals, soft commodities
Demo Account	✅
Leverage	Up to 1:600
Spread	From 0.2 pips
Trading Platform	Proprietary platform
Min Deposit	$500
Customer Support	24/7 live chat
	Tel: +61272515861
	WhatsApp: +447862133989
	Email: cs@7xfx.com
	Facebook, Telegram, Twitter, YouTube

7xFx Information

　　7xFx is an unregulated broker, offering trading on energy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals, soft commodities with leverage up to 1:400 and spread from 0.2 pips via its Proprietary platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $500.

Pros and Cons

Pros	Cons
Various trading products	Inaccessible website
Demo accounts	No regulation
Multiple account types	Inactivity fee charged
Tight spreads	No MT4/MT5 platform
24/7 live chat support	High minimum deposit requirement
	Only accept Bitcoin payments
	Only email support

Is 7xFx Legit?

　　No. 7xFx currently has no valid regulations. Please be aware of the risk!

What Can I Trade on 7xFx?

Tradable Instruments	Supported
Energy commodities	✔
Cryptocurrencies	✔
Currency options/forex	✔
ETFs	✔
Mutual funds	✔
Precious metals	✔
Soft commodities	✔
Indices	❌
Stocks	❌
Bonds	❌
Options	❌

Account Type

Account Type	Min Deposit
STANDARD	$500
7XFX+	$5,000
Gold	$25,000
Expert	$100,000
Platinum	/

Leverage

　　The maximum leverage is significantly affected by what type of accounts you are holding.K

Account Type	Max Leverage
STANDARD	1:100
7XFX+	1:200
Gold	1:400
Expert	1:400
Platinum	1:600

　　eep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

7xFx Fees

　　Trading Fees

　　7xFx provides spread from 0.2 pips.

　　Non-Trading Fees

　　An account becomes dormant after 3 months of inactivity and will be charged $100 per month.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Proprietary platform	✔	Web, iPhone, Android, Tablet	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders