7 STREET broker Accounts

7 Street Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

7 Street Account Types Explained

7 Street Corporation offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

1. Excellence Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: No commission; spreads from 2 pips
• Leverage Options: Up to 1:100
• Key Features: Suitable for beginners; offers essential trading tools
• Target User Profile: Beginner traders
• Trading Instruments Available: Forex, Commodities, Indices, Shares

2. Infinite Account

• Minimum Deposit: $10,000
• Spread/Commission Structure: No commission; spreads from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Enhanced trading conditions for serious traders
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, Commodities, Indices, Shares

3. STP Account

• Minimum Deposit: $5,000
• Spread/Commission Structure: Variable spreads; low commission fees
• Leverage Options: Up to 1:100
• Key Features: Direct market access with fast execution
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, CFDs, Indices

4. ECN Account

• Minimum Deposit: $15,000
• Spread/Commission Structure: Tight spreads; commission per trade
• Leverage Options: Up to 1:100
• Key Features: Direct access to liquidity providers; best for scalpers
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, Commodities, Indices

5. Islamic Account

• Minimum Deposit: $1,000
• Spread/Commission Structure: No commission; spreads from 2 pips
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading compliant with Islamic law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, Commodities, Indices, Shares

6. Demo Account

• Minimum Deposit: Virtual balance (typically $10,000)
• Spread/Commission Structure: Simulated trading conditions
• Leverage Options: Same as live accounts
• Key Features: Risk-free environment for practice
• Target User Profile: All trader levels
• Trading Instruments Available: Forex, Commodities, Indices, Shares

7. Professional Account

• Minimum Deposit: $25,000
• Spread/Commission Structure: Custom spreads; lower commissions
• Leverage Options: Up to 1:100
• Key Features: Tailored for institutional clients with advanced trading needs
• Target User Profile: Institutional traders
• Trading Instruments Available: Forex, Commodities, Indices, Shares

Account Type Comparison Table

Detailed 7 Street Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Excellence: $1,000

• Infinite: $10,000

• STP: $5,000

• ECN: $15,000

• Islamic: $1,000

• Professional: $25,000

• Maximum Leverage:

• All accounts offer leverage up to 1:100.

• Spreads:

• Excellence: From 2 pips

• Infinite: From 1.5 pips

• STP: Variable

• ECN: Tight

• Islamic: From 2 pips

• Professional: Custom

• Commission Fees:

• Excellence: No commission

• Infinite: No commission

• STP: Low commission

• ECN: Yes, per trade

• Islamic: No commission

• Professional: Lower commissions

• Lot Size:

• All accounts allow micro (0.01), mini (0.1), and standard (1.0) lot sizes.

• Available Trading Platforms:

• MT4, MT5, and proprietary platforms available for all accounts.

• Execution Type:

• Excellence, Infinite, and Islamic accounts offer market execution.

• STP and ECN accounts provide direct market access.

• Islamic Account Availability:

• Islamic accounts are available for traders adhering to Sharia law.

• Demo Account Features:

• Virtual balance to practice trading without risk.

Advantages and Disadvantages of Each Account Type

Excellence Account

• Advantages:
• Low minimum deposit
• No commission fees
• Suitable for beginners
• Access to a variety of trading instruments
• Disadvantages:
• Higher spreads compared to other accounts
• Limited advanced features

Infinite Account

• Advantages:
• Lower spreads
• No commission fees
• Suitable for serious traders
• Access to advanced trading tools
• Disadvantages:
• Higher minimum deposit requirement

STP Account

• Advantages:
• Direct market access
• Fast execution speeds
• Competitive spreads
• Disadvantages:
• Requires a higher minimum deposit
• Low commission fees may still apply

ECN Account

• Advantages:
• Tight spreads
• Best for scalping strategies
• Direct access to liquidity providers
• Disadvantages:
• High minimum deposit requirement
• Commission fees can add up

Islamic Account

• Advantages:
• Compliant with Islamic law
• No swap fees
• Access to all trading instruments
• Disadvantages:
• Limited to traders who require swap-free conditions

Demo Account

• Advantages:
• Risk-free environment
• Practice trading strategies
• No financial commitment
• Disadvantages:
• Virtual funds do not reflect real market conditions

Professional Account

• Advantages:
• Custom trading conditions
• Lower commissions
• Tailored for institutional clients
• Disadvantages:
• Very high minimum deposit requirement

7 Street Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders worldwide, but specific countries may be restricted.
• Prohibited Countries: Specific countries may be restricted; check the website for details.
• Identity Verification Documents Needed: Government-issued ID (passport or drivers license).
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

7 Street Corporation adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all users to verify their identity and source of funds.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step 7 Street Account Opening Guide

Registration Process

1. Visit Website: Go to the 7 Street Corporation website.
2. Click Registration: Click on the registration button.
3. Personal Information Entry: Fill in personal details such as name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage options.
6. Document Upload: Upload required identity verification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds using available payment methods.
9. Start Trading: Log in to your account and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with a user-friendly interface designed for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format (PDF, JPG).

• Issue: Verification takes longer than expected.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support and following the necessary procedures for upgrading or downgrading.

7 Street Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with a virtual balance.
• Benefits: Practice trading strategies without financial risk.

How to Open a Demo Account

1. Visit the 7 Street website.
2. Click on the demo account option.
3. Fill in the required personal information.
4. Start trading with virtual funds.

Demo Account Limitations

• Limited to virtual trading only; no real profits can be made.
• May have a time limit on usage.

Virtual Balance Amount

Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Market conditions may differ slightly due to liquidity and execution speed.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a specified period, often 30 days, but can be extended upon request.

7 Street Islamic Account Details

Swap-Free/Islamic Account Availability

7 Street offers Islamic accounts that comply with Sharia law, providing swap-free trading options.

Eligibility Requirements

Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

Indicate the request for an Islamic account during the registration process or contact customer support.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limitations on certain trading strategies.

FAQs – 7 Street Account Types & Opening

1. What account types does 7 Street offer？

• 7 Street offers Excellence, Infinite, STP, ECN, Islamic, Demo, and Professional accounts.

1. What is the minimum deposit for each account type？

• Excellence: $1,000; Infinite: $10,000; STP: $5,000; ECN: $15,000; Islamic: $1,000; Professional: $25,000.

1. How long does 7 Street account verification take？

• Account verification typically takes 1-3 business days.

1. Does 7 Street offer demo accounts？

• Yes, 7 Street offers demo accounts for practice trading.

1. Can I have multiple account types with 7 Street？

• Yes, traders can hold multiple account types.

1. Does 7 Street offer Islamic/swap-free accounts？

• Yes, 7 Street provides Islamic accounts that are swap-free.

1. What documents do I need to open a 7 Street account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.