7FX Global Forex Broker

7FX GlobalReview SummaryFounded2-5 yearsRegistered Country/RegionUnited KingdomRegulationUnregulatedMarket InstrumentsForex/CFDs/Commodities/Metals/IndicesDemo Account✅LeverageUp to 1:1000SpreadFrom 1 pipsTrading PlatformMT5(Windows/OS X/Mobile(iOS/Android))/ MT4(iPhone/Android)Min Deposit$1Customer SupportPhone: +44 7597 372405Email: support@7fxgt.comFacebook/Twitter/YouTubeLive chat7FX 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 ConsPros Cons Swap freeUnregulated24/5 customer supportInaccessible official websiteDemo account availableHigh max leverageVarious tradable instrumentsMT4 and MT5 availableIs 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.Tradable Instruments Supported Forex✔CFDs✔Commodities✔Metals✔Indices✔ETFs❌Cryptocurrencies❌Bonds❌Mutual Funds❌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.Account Type BasicEconomicClassicVIPMinimum Deposit$1-$499$500-$4999$5000$25000Spread From0 PIPS0 PIPS0 PIPS0 PIPSLeverage1:1-1:10001:1-1:10001:1-1:4001:1-1:200CommissionYesYesYesYesSwapFreeFreeFreeFree7FX 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.Trading PlatformSupported Available Devices Suitable for MT5✔Windows/OS X/Mobile(iOS/Android)Experienced tradersMT4✔iPhone/AndroidJunior tradersDeposit 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.