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7BForex foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://7bforex.ng/live-account?type=standard, about the company's legal and temporary regulatory information, the company's address Block A3, Suite 508/509 Eastline Shopping Complex, Opposite Abraham Adesanya Roundabout, along Lekki - Epe expressway, Lagos, Nigeria.

7BForex Forex Broker

Basic Information

Registered Region
Nigeria
Operating Period
--
Company Name
7B Forex Ltd
Abbreviation
7BForex
Company employee
--
Customer Service Email Address
support@7bforex.ng
Contact Number
+2349038129463
Company Website
Company address
Block A3, Suite 508/509 Eastline Shopping Complex, Opposite Abraham Adesanya Roundabout, along Lekki - Epe expressway, Lagos, Nigeria
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

General Information & Regulation With its head office in Lagos, Nigeria, 7BForex is an online trading broker that allows traders to buy and sell various financial markets across different asset classes, such as forex, gold, silver, energies, stocks, and more. 7BForex is owned and operated by 7BForex Ltd, which is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 24499 IBC 2018. There is no regulatory information on the brokers website at the moment. Markets Instruments Executive Forex offers 70 currency pairs, cryptocurrency pairs, commodities, equities and index CFDs. Minimum Deposit Three trading account options are available at 7BForex: Standard (N5,000), Classic(N5,000), and Elite (N100,000) Accounts. There is a demo account option to help traders to acquaint themselves with the brokers trading platform before opening a live trading account. The demo account comes loaded with virtual funds for practice purposes. Leverage The maximum trading leverage offered by Executive Forex s up to 1:000, which is considered high. Leverage can amplify returns as well as losses, investing in such an unregulated broker offering such generous leverage is not a good option. Spreads & Commissions 7BForex advertises that it offers low spreads, starting from 0. 0 pips, but does not specify its detailed spreads on particular instruments. Trading Platform Available 7BForex provides traders with the MetaTrader 4 trading platform. It is a sophisticated trading platform that was developed in 2005 by MetaQuotes. It is designed to suit traders of all levels with a user interface that is user-friendly yet packed with versatile functionalities. It features charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. Deposit& Withdrawal 7BForex accepts various payment methods for both account deposits and withdrawals, including bank cards, such as MasterCard, Visa, Verve, and more. Traders can also deposit and withdraw money using their internet banking platform: GTBank, FirstBank, UBA, Sterling, Zenith, and Alat. Customer Support All clients general, technical, and account-related inquiries can be sent to a knowledgeable client support team who are available during working hours and can be contacted through the following contact channels: telephone, email, online form, and social media. Educational Resources To ensure clients make knowledgeable trading decisions, the broker makes available a good selection of educational resources on their website. These learning materials include learning articles, trading guides, blogs, and an FAQ section that answers some of the common questions traders may have.

Is 7BForex safe or scam

Rating Index

CLASSIC

Minimum Deposit
₦5,000

ELITE

Minimum Deposit
₦100,000
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Latest Reviews

EddieWu

EddieWu

Malaysia

I haven't experienced any problems so far. The support team are always on their toes to give the best service. Yes, they deserve five stars!!!

Positive

2023-03-02

FX2046354843

FX2046354843

Philippines

1st call- asked me to invest in very profitable business. offered all support as i am new to forex 2nd call - asked me to invest/deposit just 200 USD 3rd call - asked me to invest/deposit additional 5000USD. when i said i don't have money, he said he cannot his time on small investment. disconnected the phone. I started my own and lost my 200USD in one week. Now bforex appears in new names beware - 70 trade is one. They are making big catches with fooling the people around the world.

Exposure

2021-09-17

FX7184060672

FX7184060672

Nigeria

The ask and bid line shows it's well below my entry point and yet the price is till very much negative for a sell position. it was entered today, no commission/seap was charged. So I wondered how the cut people.

Exposure

2020-09-23

7BForex

20642

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7BForex Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.15, Software Index 4.00 Risk Control Index 0.00.