Sevens Tree foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.sevenstree.com/account/, about the company's legal and temporary regulatory information, the company's address 20A, Tanjong Pagar Road Singapore, 088443.
Sevens Tree Global Pte Ltd is a forex broker that was established in 2020. The company is headquartered in Singapore, with additional offices located in the United Kingdom and the United States. Sevens Tree operates as a private entity and primarily targets high-net-worth individuals, family offices, and corporate clients. The firm has developed an automated fund management program that utilizes a EUR/USD trading algorithm alongside an in-house developed live command center.
Since its inception, Sevens Tree has focused on providing managed forex services, targeting a clientele that seeks specialized trading strategies and capital protection. The company has made significant strides in the forex market, emphasizing its commitment to quality and performance over aggressive marketing tactics. Sevens Tree believes in building long-term relationships with its clients, which is reflected in its operational model that avoids public promotions and focuses on delivering results through hard work.
The firm positions itself uniquely within the forex trading landscape, offering both manual trading options and automated accounts. This flexibility allows clients to choose a trading approach that best suits their individual needs. Sevens Tree operates under the philosophy that high-quality service and successful outcomes are paramount, which has led to its reputation as a serious player in the forex brokerage space.
Sevens Tree operates without any valid regulatory licenses, which raises concerns regarding its compliance status. Various sources indicate that the broker is not regulated by any major financial authority, which poses a high potential risk to investors. The lack of regulation means that there are no regulatory numbers or licenses issued to Sevens Tree, and clients should be cautious when considering this broker.
The absence of regulatory oversight also implies that Sevens Tree does not participate in investor compensation schemes, which are typically designed to protect clients in the event of broker insolvency. Furthermore, the company has not provided clear information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are critical for ensuring the integrity of financial transactions.
Given these factors, potential clients are advised to conduct thorough due diligence before engaging with Sevens Tree broker, as the lack of regulation and transparency could expose them to significant risks.
Sevens Tree offers a variety of trading products primarily focused on forex. The broker provides access to a range of currency pairs, including major, minor, and exotic pairs. While the exact number of forex pairs available is not specified, the emphasis on the EUR/USD trading algorithm suggests a strong focus on major currencies.
In addition to forex trading, Sevens Tree also offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, cryptocurrencies, and metals. This diverse product offering allows traders to explore multiple markets and diversify their trading strategies.
The broker provides retail trading services, enabling individual investors to participate in the forex market. Furthermore, Sevens Tree appears to cater to institutional clients, providing tailored solutions to meet their trading requirements. The company may also offer white-label solutions and asset management services, although detailed information on these services is not explicitly provided.
Sevens Tree's commitment to product innovation is reflected in its ongoing updates to trading offerings, although specifics on the frequency of updates or newly added products have not been disclosed.
Sevens Tree primarily supports the MetaTrader 4 (MT4) trading platform, which is widely recognized for its user-friendly interface and robust trading features. The availability of MT4 allows traders to access advanced charting tools, automated trading capabilities, and a wide range of technical indicators.
While there is no mention of a proprietary trading platform, Sevens Tree does leverage technology to enhance its trading services. The broker has developed an in-house command center, which likely facilitates real-time trading analysis and decision-making.
Additionally, Sevens Tree offers a web-based trading platform, enabling clients to trade from any device with internet access. The broker also supports mobile trading through applications available for iOS and Android, making it convenient for clients to manage their accounts on the go.
The execution model employed by Sevens Tree is not explicitly detailed, but the broker claims to focus on capital protection during trading, which suggests a prudent approach to risk management. Information regarding server locations and technical infrastructure is not provided, nor is there any mention of API access or automated trading support.
Sevens Tree offers various account types to accommodate different trading preferences. The standard account conditions include a minimum deposit requirement of 0, allowing traders to start with a low initial investment. The broker provides competitive spreads, although specific spread types and commission structures are not disclosed.
For more advanced traders, Sevens Tree may offer premium account types, such as VIP or professional accounts, which typically come with enhanced features and lower trading costs. The availability of special accounts, such as Islamic accounts or corporate accounts, is not mentioned.
The broker also provides a demo account option, allowing potential clients to practice trading without risking real funds. Leverage ratios are not specified, but they generally vary across different asset classes, providing traders with the flexibility to choose their desired level of risk.
Sevens Tree has not provided detailed information regarding overnight fees or swap rates, which are essential for traders who hold positions overnight.
Sevens Tree supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirements vary depending on the account type, but the broker appears to facilitate accessibility for new traders.
The processing time for deposits is not explicitly stated, but clients can typically expect prompt processing for electronic payments. Information on deposit fees is also not provided, which may vary based on the chosen payment method.
Withdrawal options are available, although specific restrictions and processing times have not been detailed. Sevens Tree's withdrawal fee structure remains unclear, and potential clients should inquire directly with the broker for comprehensive information regarding fund management policies.
Sevens Tree offers customer support through various channels, including phone, email, and online chat. However, specific operating hours and the time zone coverage for customer service are not mentioned.
The broker provides support in English, but it is unclear if additional languages are available for non-English speaking clients. Educational resources are limited, with no specific information on webinars, tutorials, or e-books provided.
Market analysis services, such as daily analysis, news updates, and research reports, are not explicitly mentioned, which may indicate a lack of comprehensive educational support for traders.
Trading tools, including calculators and economic calendars, are essential for traders, but no specific tools have been highlighted by Sevens Tree.
Sevens Tree primarily serves clients in Singapore, the United Kingdom, and the United States. The distribution of regional offices reflects its focus on major financial markets.
However, the broker does not accept clients from certain countries, although specific jurisdictions where clients are restricted have not been disclosed. Potential clients should verify their eligibility to trade with Sevens Tree based on their country of residence.
Special restrictions may apply depending on local regulations, and clients are encouraged to review the broker's terms and conditions for any limitations that may affect their trading activities.
In summary, Sevens Tree broker presents a unique offering in the forex market with its automated fund management programs and commitment to client relationships. However, potential clients should proceed with caution due to the lack of regulation and transparency regarding various operational aspects.
Mk6349
Singapore
Following up from my previous review, the owner has since reached out to me personally to explain the situation and the company plans moving forward. I believe they have also received their license in Mauritius FSC. I will provide another update once I have received my funds.
37130
2023-08-20