SEVEN STAR FX Forex Broker

SEVEN STAR FXReview SummaryFounded2008Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsCurrencies, indices, metals, energies, soft commodities, CFD futures, cryptocurrenciesDemo Account✅LeverageUp to 1:1000SpreadFrom 0.0 pips (ECN, VIP Account)From 1.3 pips (Standard Account)Trading PlatformMT5, MT4Minimum Deposit$50Copy Trading✅Customer SupportContact formTel: +1 315 277 2288Email: Support@sevenstarfx.comAddress: Level 5 The Core Building Cybercity Ebene, Republic of MauritiusSocial media: Instagram, YouTube, Twitter, Facebook, LinkedInRegional RestrictionsThe USA, UK, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus SEVEN STAR FX was registered in 2008 in Mauritius, which offers trading services related to currencies, indices, energies, cryptos and so on. It provides three types of accounts, with a minimum deposit of $50 and a maximum leverage of 1:1000. What's more, it also provides demo accounts and Islamic accounts. However, it is not regulated and it does not provide services to certain regions.Pros and ConsPros Cons MT4 and MT5 supportedHigh leverage ratioLow minimum depositLack of regulationMultiple channels for customer supportRegional restrictionsDemo account and Islamic accountCommission fees chargedCopy trading services providedLong operation timePopular payment optionsDiverse tradable assetsIs SEVEN STAR FX Legit? No, SEVEN STAR FX is not regulated by financial regulatory authorities in Mauritius, which means the company lacks regulation from its registration site. Please be aware of the risks!What Can I Trade on SEVEN STAR FX? SEVEN STAR FX provides a number of products, including currencies, indices, metals, energies, soft commodities, CFD futures, and cryptocurencies.Tradable Instruments Supported Currencies✔CFD Futures✔Metals✔Energies✔Soft Commodities✔Indices✔Cryptocurrencies✔Stocks❌Bonds❌Options❌ETFs❌Account Type & Fees SEVEN STAR FX provides three types of accounts: Standard, ECN, and VIP Account. Besides, demo accounts and Islamic accounts are also available. Commission fees vary according to the types of accounts.Account TypeMinimum DepositMaximum LeverageSpreadCommissionStandard$501:1000From 1.3 pips❌ECN$5,0001:500From 0.0 pips$5VIP$25,0001:500From 0.0 pips$2.5Leverage The leverage ranges from 1:500 to 1:1000, which are not low. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.Trading Platform SEVEN STAR FX uses MT4 and MT5 as its trading platforms. MT4 and MT5 are commonly used platforms, which are stable and safe.Trading PlatformSupported Available Devices Suitable forMT4✔PC, web, mobile, macBeginnersMT5✔PC, web, mobile, macExperienced tradersCopy Trading SEVEN STAR FX offers copy trading services, which enables clients to learn from top traders. Beginners can follow experienced traders, and they can explore their own trading strategies.Deposit and Withdrawal SEVEN STAR FX supports a number of payment options.Deposit Options Minimum Deposit Deposit Fees Deposit Processing Time Bitcoin$5❌InstantNeteller1%Skrill1%fasapay0.5%MasterCard1%VISA1%RegularPay/Wire Transfer$100/2-7 working daysTether$50/InstantWithdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time Bitcoin$50❌InstantNeteller❌InstantSkrill❌InstantMasterCard❌2-10 business daysVISA❌2-10 business daysRegularPayDepending on bank2-10 business daysWire Transfer❌InstantTether❌Instant