7FX Global

7FX Global Information

7FX Global is a broker. The tradable instruments include forex, metals, commodities, indices, and CFDs. The broker also provides four accounts with a maximum leverage of 1:1000, including basic, economic, classic, and VIP. The minimum spread is from 1 pips and the minimum deposit is $1. 7FX Global is still risky due to its unregulated status and high leverage.

Pros and Cons

Is 7FX Global Legit?

7FX Global is not regulated, making it less safe than regulated brokers.

What Can I Trade on 7FX Global?

7FX Global offers various market instruments, including forex, metals, commodities, indices, and CFDs.

Account Type

7FX Global has four account types: basic, economic, classic, and VIP. Traders who want low leverage can choose a VIP account, while those with a small budget can open a basic account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

7FX Global Fees

The spread is from 1 pips, the swap is free. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

7FX Global cooperates with the authoritative MT5 trading platform available on Windows, OS X, and mobile(iOS and Android) and MT4 iPhone/Android versions. MT4 and MT5 provide various trading strategies but also implement EA systems.

Deposit and Withdrawal

The minimum deposit is $1. 7FX Global accepts Wire Transfers, Visa, MasterCard, Visa Qiwi Wallet, Neteller, Payeer, Bitcoin, Skrill, and WebMoney for deposit and withdrawal. However, the official website is inaccessible, and transfer processing times and associated fees are unknown.