Zeven Global Forex Broker

Zeven Global Review Summary Registered Country/Region Costa Rica Regulation Unregulated Market Instruments Forex, indices, energy, share CFDs, precious metals, ETFs Demo Account Available Leverage Up to 1:400 EUR/USD Spread From 0.0 pips Trading Platform MT5 Minimum Deposit USD100 Customer Support Phone, email, address, social media, FAQ What is Zeven Global？ Zeven Global operates as a brokerage firm in Costa Rica, providing clients with access to various financial instruments such as forex, indices, energy, share CFDs, precious metals, and ETFs. Notably, Zeven Global lacks regulatory oversight from established financial authorities at present. In the following article, we will analyse the characteristics of this company in all its dimensions, providing you with easy and well-organised information. If you are interested, read on. Pros & Cons Pros Cons Diverse range of trading instruments Lack of regulatory oversight Comprehensive educational resources Multiple deposit and withdrawal methods No deposit fees Advanced trading platform (MT5) Tiered accounts Pros: Diverse Range of Trading Instruments: Zeven Global offers various financial instruments including forex, indices, energy, share CFDs, precious metals, and ETFs, providing traders with ample opportunities for diversification and potential profit. Comprehensive Educational Resources: The platform offers a wealth of educational materials, empowering traders to enhance their skills and knowledge. Multiple Deposit and Withdrawal Methods: Zeven Global provides flexibility in funding and withdrawing funds, accommodating diverse client preferences. No Deposit Fees: Traders can deposit funds without incurring any additional fees, ensuring transparent and cost-effective transactions. Advanced Trading Platform (MT5): Zeven Global utilizes the MetaTrader 5 platform, known for its advanced features and user-friendly interface. Tiered Accounts: Zeven Global's tiered account system caters to traders of all levels, offering varying features and benefits based on account type. From beginner-friendly options to advanced accounts with exclusive perks, traders can choose the account that best suits their trading style and objectives. Cons: Lack of Regulatory Oversight: Zeven Global operates without regulation from recognized financial authorities, raising concerns regarding client protection and oversight. Is Zeven Global Legit？ When considering the safety of a brokerage like Zeven Global or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: The absence of valid regulations under which the broker operates signifies potential risks, as it lacks the guarantee of comprehensive protection for traders engaging on its platform. User feedback: To get a deeper understanding of the brokerage, it is suggested that traders explore reviews and feedback from existing clients. These shared insights and experiences from users can be accessed on reputable websites and discussion platforms. Security measures: Zeven Global offers robust security with Negative Balance Protection, ensuring traders won't owe more than their account balance. Stop Out Protection strengthens positions, helping avoid forced liquidation during market volatility. These measures enhance safety and stability for clients' trading activities. Ultimately, the choice to trade with Zeven Global is a personal decision. It is important to thoroughly assess the risks and benefits before arriving at a conclusion. Market Instruments Zeven Global provides a diverse range of more than 700 market instruments to cater to the varied trading preferences of its clients. In the forex market, traders can engage in currency pairs, taking advantage of fluctuations in exchange rates. Indices offer exposure to a basket of stocks, allowing investors to speculate on the performance of entire markets. Energy trading involves commodities such as oil and natural gas, influenced by geopolitical events and supply-demand dynamics. Share CFDs enable traders to speculate on the price movements of individual stocks without owning them outright, providing flexibility and leverage. Precious metals like gold and silver serve as safe-haven assets, often sought during economic uncertainty. Exchange-Traded Funds (ETFs) offer diversified exposure to various asset classes, providing a convenient way for investors to access different markets and sectors. Account Types Zeven Global caters to traders of all levels by offering a comprehensive range of account types, including a demo account for those looking to practice trading strategies without risking real funds. The demo account provides a risk-free environment where traders can familiarize themselves with the platform's features and test their strategies in real market conditions. With no minimum deposit requirement, it serves as an invaluable tool for both novice and experienced traders alike to hone their skills and build confidence before transitioning to live trading. Alongside the Demo account, Zeven Global offers various live accounts such as the CENT account with a minimum deposit of USD 100, the Standard account with a minimum deposit of USD 200, the PRO ECN account requiring MX$2000, the Institutional account with a minimum deposit of MX$10,000, and the VIP account catering to high-net-worth individuals with a minimum deposit of MX$100,000. This diverse range of account options allows traders to find the perfect fit for their trading needs and preferences. Account Type Minimum Deposit (USD) Demo None CENT $100 Standard $200 PRO ECN MX$2,000 Institutional MX$10,000 VIP MX$100,000 How to Open an Account？ To open an account with Zeven Global, you have to follow below steps: Visit the Zeven Global website, locate and click on the 'Register button on the right corner of the mainpage. Fill in the necessary personal details required and choose an account type. Complete any verification process for security purposes. Once your account has been approved, you can set up your investment preferences and start trading. Leverage Zeven Global provides traders with varying leverage options across its account types, allowing for flexibility in trading strategies and risk management. The CENT account, Standard account, and PRO ECN account offer leverage of up to 1:400, providing traders with enhanced buying power to amplify profits or losses. For those seeking higher levels of control and risk mitigation, the Institutional account and VIP account offer leverage up to 1:100, catering to professional traders and high-net-worth individuals who prioritize capital preservation. With these leverage options, Zeven Global empowers traders to optimize their positions according to their risk appetite and trading objectives, while also emphasizing the importance of responsible leverage usage to maintain a sustainable trading approach. Account Type Leverage CENT Up to 1:400 Standard Up to 1:400 PRO ECN Up to 1:400 Institutional Up to 1:100 VIP Up to 1:100 Spread & Commission Zeven Global offers a range of account types tailored to diverse trading preferences. The CENT account presents traders with spreads starting from 1.5 pips, devoid of commissions, and provides the option for swap-free trading. Meanwhile, the Standard account features spreads commencing at 1.0 pips, also commission-free, with the swap-free alternative. The PRO ECN account boasts spreads from 0.0 pips, accompanied by a commission of $7 per lot, along with swap-free availability. For more advanced traders, the Institutional account offers spreads from 0.0 pips, with a commission of $5 per lot, albeit without the option for swap-free trading. Lastly, the VIP account provides spreads from 0.0 pips, coupled with a commission of $3 per lot, and does not offer swap-free trading. Account Type Spread Commission Swap-Free Availability CENT From 1.5 pips No commission Available Standard From 1.0 pips No commission Available PRO ECN From 0.0 pips $7/lot Available Institutional From 0.0 pips $5/lot Not available VIP From 0.0 pips $3/lot Not available Trading Platform Zeven Global offers traders the highly acclaimed MetaTrader 5 (MT5) platform, renowned for its power, efficiency, and security. With MT5, traders can execute their trades swiftly and securely, leveraging its advanced features and intuitive interface for enhanced trading experiences. Whether on desktop or mobile devices, MT5 provides unparalleled access to global markets, empowering traders to stay ahead with real-time market analysis, customizable charts, and a comprehensive suite of technical indicators. Additionally, Zeven Global supports traders with educational resources through its Academy, keeps them informed with the latest market events via its Calendar, and ensures seamless assistance through dedicated Customer Support. With MT5 downloadable from multiple platforms including app stores, Google Play, Windows, and Mac OS, Zeven Global enables traders to trade with confidence, convenience, and efficiency. Trading Tools Zeven Global equips traders with a comprehensive suite of trading tools designed to enhance their trading experience and decision-making process. The Economic Calendar provides vital insights into upcoming market events and economic indicators, empowering traders to anticipate potential market movements and make informed trading decisions. Trading Central Trading Signals offer expert analysis and actionable trading recommendations, enabling traders to capitalize on market opportunities with confidence. Additionally, Trading Calculators aid traders in assessing risk, determining position size, and managing their trades effectively, contributing to a more disciplined and strategic approach to trading. Deposit & Withdrawal Zeven Global prioritizes convenience and flexibility for its clients by providing a diverse range of deposit and withdrawal methods. Traders can fund their accounts seamlessly through cryptocurrency, bank transfers, credit/debit cards, and e-wallets, offering a variety of options to suit individual preferences and needs. One notable advantage is that Zeven Global does not impose any deposit fees, ensuring that clients can allocate their funds directly to trading without any additional costs. Customer Service Zeven Global ensures responsive customer support through phone, email, physical address and social media channels including Facebook, Twitter, Instagram, Telegram, YouTube and TikTok. Traders can reach out for assistance or inquiries regarding trading or account-related matters. Additionally, an FAQ section addresses common queries. Tel: (+50) 661472275. HEAD OFFICE: National Route 310 Plaza Amara Shopping Center 4th Floor, Local 405. San Jose, Costa Rica. Email: soporte@zevenglobal.com. Education Zeven Global is committed to nurturing the growth and success of traders by offering a wealth of educational resources. From insightful webinars and engaging video tutorials to informative articles and interactive face-to-face seminars, the platform provides a multifaceted approach to learning. Conclusion Zeven Global, a brokerage firm registered in Costa Rica, offers forex, indices, energy, share CFDs, precious metals, and ETFs as market instruments to traders. However, the current lack of regulation from recognized authorities should prompt concerns for investors. Regulation typically ensures financial oversight, protecting clients from possible malpractices. Therefore, individuals considering Zeven Global as their broker should be cautious, do their own research and explore alternative, regulated brokers that prioritize transparency, security, and client protection Frequently Asked Questions (FAQs) Question 1: Is Zeven Global regulated？ Answer 1: No. It has been verified that this broker is currently under no valid regulation. Question 2: Does Zeven Global offer demo account？ Answer 2: Yes. Question 3: Is Zeven Global a good broker for beginners？ Answer 3: No. It is not a good choice for beginners because it is unregulated by any recognized financial authorities. Question 4: Does Zeven Global offer the industry leading MT4 & MT5？ Answer 4: Yes, it offers MT5 on Windows, Appstore, Google Play and Mac OS. Question 5: Whats the minimum deposit does Zeven Global request？ Answer 5: Zeven Global requires a minimum deposit from USD100. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.