Seven Jade Forex-Overview of Minimum Deposit, Spreads & Leverage

General Information

Seven Jade Forex presents itself as the best forex broker based in Saint Vincent and the Grenadines, providing perfect MetaTrader5 as the trading platform and trading Expert Advisor (EA) without human emotions. It also claims that it offers leverage as high as 400:1, low spreads on over 150 traded products, and 24×7 customer support service.

Market Instruments

Seven Jade Forex advertises that it offers liquidity access to over 150 trading instruments and 6 asset classes from a single account, including cryptocurrencies, stock indices, commodities, forex, energy, metals and index.

Account Types

There are four live trading accounts provided by Seven Jade Forex, apart from demo accounts, namely Basic, Standard and Professional. The minimum initial deposit to open a Basic account is $100, aligning with most brokers' requirements. While the other two accounts require much higher initial capital, $1000 and $10,000 respectively.

Leverage

Different account types are equipped with different leverage ratio. The Basic account enjoys the leverage as high as 400:1, the Standard account with the maximum leverage of 200:1, while the Professional account is up to 100:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are significantly affected by what type of accounts you are holding. The spreads of the main currency pair in the Basic account start from 1.5 pips, the Standard account from 1.5 pips, and the Professional account from 1.0 pips. However, there is nothing about commissions involved on Seven Jade Forexs website.

Trading Platform Available

When it comes to trading platforms available,Seven Jade Forex gives traders the only choice of perfect MetaTrader5. The MT5 is divided into three different versions: MetaTrader5 Terminal, MetaTrader5 Mobile and MetaTrader5 Webtrader. MetaTrader5 Terminal is advertised as the most powerful and stable Forex Trading platform, while MetaTrader 5 Mobile is available both for Android and iOS.

Deposit & Withdrawal

There are four deposit and withdrawal options on the menu: Bitcoin, Ethereum, USDT and BNB. Amount available for deposit and withdrawal is unlimited. The only acceptable currency is USD. The completion time of Bitcoin takes 5 to 60 minutes, while Ethereum, USDT and BNB all takes 5 to 30 minutes.

Customer Support

Seven Jade Forexs customer support can be reached through Kakao Talk: sevenjade, email: support@7jade.com. Company address: Kingstown, VC0100 St. Vincent and the Grenadines.