7xFx Forex Broker

Note: 7xFx's official website - https://7xfx.com/ is currently inaccessible normally.7xFx Review SummaryFounded2021Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsEnergy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals, soft commoditiesDemo Account✅LeverageUp to 1:600SpreadFrom 0.2 pipsTrading PlatformProprietary platformMin Deposit$500Customer Support24/7 live chatTel: +61272515861WhatsApp: +447862133989Email: cs@7xfx.comFacebook, Telegram, Twitter, YouTube7xFx Information 7xFx is an unregulated broker, offering trading on energy commodities, cryptocurrencies, currency options/forex, ETFs, mutual funds, precious metals, soft commodities with leverage up to 1:400 and spread from 0.2 pips via its Proprietary platform. Demo accounts are available and the minimum deposit requirement to open a live account is as high as $500.Pros and ConsPros Cons Various trading productsInaccessible websiteDemo accountsNo regulationMultiple account typesInactivity fee chargedTight spreadsNo MT4/MT5 platform24/7 live chat supportHigh minimum deposit requirementOnly accept Bitcoin paymentsOnly email supportIs 7xFx Legit? No. 7xFx currently has no valid regulations. Please be aware of the risk!What Can I Trade on 7xFx?Tradable Instruments Supported Energy commodities✔Cryptocurrencies✔Currency options/forex✔ETFs✔Mutual funds✔Precious metals✔Soft commodities✔Indices❌Stocks❌Bonds❌Options❌Account TypeAccount TypeMin DepositSTANDARD$5007XFX+$5,000Gold$25,000Expert$100,000Platinum/Leverage The maximum leverage is significantly affected by what type of accounts you are holding.KAccount TypeMax Leverage STANDARD1:1007XFX+1:200Gold1:400ExpertPlatinum1:600 eep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.7xFx Fees Trading Fees 7xFx provides spread from 0.2 pips. Non-Trading Fees An account becomes dormant after 3 months of inactivity and will be charged $100 per month.Trading PlatformTrading PlatformSupported Available Devices Suitable for Proprietary platform✔Web, iPhone, Android, Tablet/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal 7xFx only accepts payments via Bitcoin.