7xFX Review

Located in Kingstown, Saint Vincent and the Grenadines, 7xFX is an online retail broker that provides traders with customer-focused and dedicated online trading services. They offer access to thousands of trading instruments across different asset classes — forex, commodities, options, ETFs, precious metals, cryptocurrencies, and more — using various advanced trading platforms, including the popular MT5 trading platform. The minimum deposit required to start trading is $500.

Pros / Cons
  • An advanced trading platform
  • Multiple financial instruments across different asset classes
  • Educational resources
  • Various useful trading tools
  • Lacks strict regulation
  • Located offshore
  • No USA clients
  • Minimum $500 deposit

In this detailed 7xFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

7xFX Overview

7xFX is an online financial services provider that aims to create a place where traders and experts from all walks of life can take advantage of professional-grade tools, elite-level knowledge, and support at accessible prices. The broker provides traders with various learning resources, useful trading tools, and the services of a reliable client support team. Over the years, 7xFX have won several industry awards in recognition of their brokerage services. The awards include the following: Best Crypto Platform, A++ Customer Support Award, Most Innovative 2021, and more.

7xFX Awards and Recognitions

7xFX Awards and Recognitions

7xFX Regulation

The broker is regulated by the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). This may not be considered a top-tier regulator by many traders.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

7xFX Countries

The broker does not provide services to residents of Cambodia, Canada, Cuba, Ghana, Iran, India, Israel, Mongolia, Nigeria, North Korea, Panama, Pakistan, Philippines, Syria, Yemen, the United States, St. Vincent and the Grenadines and any other jurisdiction where the provision of their services or cryptocurrency trading would be unauthorized or in contrast of applicable laws.

Some 7xFX features and products mentioned within this 7xFX review may not be available to traders from certain countries because of legal restrictions.

7xFX Platforms

The broker provides traders with an advanced trading platform that is designed to ensure seamless trading of the available financial instruments. The trading platform is replete with trading possibilities and top-notch technologies for successful trading in various financial markets, leveraged cryptocurrency exchanges and futures markets. The 7xFX’s trading platform is available in desktop, web, and mobile versions. The web version runs directly on modern web browsers without the need to download or install additional software, while the mobile is compatible with Android and iOS devices and can be downloaded from the respective app stores.

7xFX Trading Platform

7xFX Trading Platforms

The Platform allows clients to view and keep track of trending assets, analyze trends of multiple financial instruments, access historical data of their trades from any browser or computer and perform trading operations accordingly. Other essential features of the broker’s trading platform include a comprehensive market analysis using cutting-edge technical indicators and complete data protection through its risk management tools.

7xFX Trading Tools

The broker provides a suite of useful trading tools designed to ensure an enhanced trading experience. They include Personal relationship managers, Dedicated Sales Traders, In-House Analysts, and more.

7xFX Education

7xFX makes available a plethora of educational resources on its website to ensure that traders make informed trading decisions. These educational resources include trading guides, learning articles, educational courses, webinars, and personal trading coaches.

7xFX Instruments

7xFX offers multiple trading instruments across different asset classes, including energy, commodities, cryptocurrencies, forex, options, ETFs, precious metals, and more.

7xFX Accounts & Fees

The broker offers the following live trading account options: Standard, 7xFX Plus, 7xFX Gold, 7xFX Expert, and Platinum accounts. The minimum deposit required to start trading is $500.

As broker fees can vary and change, there may be additional fees that are not listed in this 7xFX review. It is imperative to ensure that you check and understand all of the latest information before you open a 7xFX broker account for online trading.

7xFX Support

The broker clients’ support team is always available to respond to clients’ general, general, and account-based inquiries. The support team can be reached via the following contact channels: telephone, email, Live Chat, support ticket, and social media.

7xFX Deposit & Withdrawal

At 7xFX, all account deposit and withdrawal requests are processed using any of the following payment methods:

  • Bank transfer
  • Credit/Debit cards
  • Some online payment gateways, such as Neteller and Skrill

7xFX Account Opening

To open a live opening with 7xFX, click on the “Open Live Account’ button at the top right corner of the broker’s website, fill out the account application form, and submit.

7xFX Account Opening Page

7xFX Account Opening Page

It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions and policies. Only proceed if you fully understand and agree to them.

7xFX Summary

Overall, 7xFX is a multi-asset brokerage firm that allows traders to buy and sell various financial instruments across different asset classes. The broker provides traders with an intuitive trading platform that is available on desktop, web, and mobile devices. They offer various educational resources, useful trading tools, and the services of a reliable client support team. The minimum deposit required to start trading is $500.

Please note that bitcoin or cryptocurrency-based trading, when traded on a leveraged basis, carries a high level of risk of losing all of your initial bitcoin or cryptocurrency trading and may not be suitable for all investors. Cryptocurrency based trading is of extraordinarily high risk. You, the customer, should consider whether you understand how cryptocurrency-based trading works and whether you can afford to take the risk of losing your funds.

7xFX Logo

Min $500 Deposit

7xFX is an online retail broker that provides traders with customer-focused online trading services.