77markets

General Information & Regulation

77markets, a brand name of Leadcapital Corp Ltd, presents itself as an investment firm incorporated in Seychelles with registration no. 8413415-1, specializing in offering trading and investment products to global clients across the spectrum since 2014. The broker claims to provide its clients with over 2,000 tradable financial instruments with variable high spreads on the MetaTrader5, WebTrader and MT5 for Mac trading platforms, as well as a choice of five different live account types and 24/5 customer support service. Here is the home page of this brokers official site:

As for regulation, 77markets says it is authorized and regulated by the Seychelles Financial Services Authority (FSA) with licence number SD007, however, it has been verified that the broker does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.11/10. Please be aware of the risk.

Market Instruments

77markets advertises that it offers access to more than 2,000 tradable assets, covering stocks, indices, forex, commodities and cryptocurrencies.

Account Types

77markets claims to offer five types of trading accounts, namely Discovery, Gold, Platinum, Diamond and Exclusive VIP. The minimum initial deposit amount is $250 for the Discovery account, while the other four account types have much higher minimum initial capital requirements of $10,000, $50,000, $100,000 and $250,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Spreads & Commissions

77markets claims that different account types and trading assets are quipped with quite different spreads. Specifically, the EUR/USD spread on the Discovery account is 30, while on the Gold account is 24, the Platinum account is 21, the Diamond account is 19 and the Exclusive VIP account is 16. The commission on shares is 0.4% for all account types.

Trading Platform Available

Platforms available for trading at 77markets are MetaTrader5, WebTrader and MT5 for Mac, compatible with desktop, web and mobile devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

77markets says that all major credit cards, e-wallets, local payment methods and wire transfers are accepted for deposits. There is no commission or fees on deposits and withdrawals charged. When you withdraw, the broker will return all funds through the same method used to deposit.

Customer Support

77markets customer support can be reached by WhatsApp, email: support@77markets.com. You can also follow this broker on social media platforms such as Facebook. Registered office: Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles.

Risk Warning

Online trading involves a significant level of 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 contained in this article is for general information purposes only.