Registered in Canada, V7Markets is an online forex broker offering a series of trading instruments, such as Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices.
Investors have the flexibility to choose from five trading accounts through the V7 Markets platform, and the minimum deposit to trade with V7 Markets starting at $200.
V7 Markets is not authorized or regulated by any regulatory authorities, so trading with this forex broker need to take extra vigilance or just stay away from it.
V7Markets says it provides easy access to a massive financial markets. Different types of trading assets including Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices are all available through this brokerage platform.
V7Markets provides a total of five types of trading accounts to suit its clients varying trading needs, Standard, Silver, Premium, VIP and Exclusive accounts.
To open a Standard account, traders need to fund at least $200, which sounds acceptable. However, initial deposits become quite high for the other four trading accounts, with the Silver account from$1,000, the Premium account from $5,000, the VIP account from $10,000, and the Exclusive account from $20,000.
When it comes to leverage, V7Markets allows its traders to use leverage of up to 1:100 for forex trading. This is not the safe option for inexperienced traders, and it is much higher than the levels regarded appropriate by many regulators.
Bear in mind that high leverage offered is not always the good thing, as it can magnify gains as well as losses.
Spreads are not mentioned on the V7Makets website. This broker claims that it provides a zero-commission trading environment, which means there is no markup on stocks and ETFs.
V7Markets provides its clients access to both MT4 and MT5 trading platform and some features and functionalities of these two trading platforms include the following:
User friendly and high-customized
Multiple technical indicators, and robust charting tools
Free EA hosting capabilities
Web and mobile trading support
The minimum deposit to trade with this forex broker is $200. V7Markets allows its clients to make deposits and withdrawals through a range of trading instruments, including VISA, MasterCard, Fasapay, Online Banking, Local Transfer, Bank Wire Transfer.
The time for deposited funds or withdrawn funds to appear in your account depends on various payment.
Traders can reach out to V7Markets about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: (+01) 247-898-7654
The more effective communication channel, online chat, is not available.
V7 Markets does not accept clients from specific countries, such as Canada, USA and EU.
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.