What is Seven Capitals？
Seven Capitals, an international brokerage firm headquartered in Mauritius, provides a broad selection of financial instruments. These include Forex, Indices, Metals, Energies, Cryptos. It currently operates without valid regulatory oversight, which raises concerns about its legitimacy and liability.
In our upcoming article, we will present a comprehensive and well-structured evaluation of the broker's services and offerings. We encourage interested readers to delve further into the article for valuable insights. In conclusion, we will provide a concise summary that highlights the distinct characteristics of the broker for a clear understanding.
Pros & Cons
Pros:
Multiple Account Types: The availability of 4 account types plus a demo account from Seven Capitals allows traders to choose the one that best suits their trading preferences, risk tolerance, and investment goals.
MT5 Trading Platform: Offering the MetaTrader 5 (MT5) trading platform provides traders with access to advanced charting tools, technical indicators, and expert advisors, enhancing their trading experience and capabilities.
Floating Leverage: Seven Capitals offersfloating leverage for traders to adjust their leverage levels based on market conditions, allowing for greater flexibility and control over their trading positions.
Zero Commissions: The absence of commissions on trades helps reduce trading costs for clients, allowing them to retain a higher portion of their profits.
Affordable Minimum Deposit: Seven Capitals' affordable minimum deposit requirement at USD100 makes trading accessible to a wider range of investors, including those with smaller capital bases.
Cons:
Unregulated: The lack of regulation raises concerns about the Seven Capitals' adherence to industry standards, client protection measures, and regulatory oversight. Without regulatory oversight, clients will face increased risks such as potential fraudulent activities, lack of transparency and inadequate investor protection mechanisms.
Limited Info on Payment Methods: Insufficient information regarding payment methods can cause inconvenience and uncertainty for traders, especially when it comes to depositing and withdrawing funds from their trading accounts.
Is Seven Capitals Safe or Scam？
When considering the safety of a brokerage like Seven Capitals 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:
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: Seven Capitals employs margin call and stop out mechanisms to protect clients' accounts. Margin call alerts clients when account equity falls below required levels, while stop out automatically closes positions to prevent further losses, ensuring account security.
In the end, choosing whether or not to engage in trading with Seven Capitals is an individual decision. It is advised that you carefully balance the risks and returns before committing to any actual trading activities.
Market Instruments
Seven Capitals offers a diverse array of market instruments designed to meet the evolving needs of traders globally.
In the Forex market, clients can trade a wide range of currency pairs, including major, minor, and exotic pairs, allowing for flexibility and potential profit opportunities in currency fluctuations.
Indices trading enables investors to speculate on the performance of leading global indices such as the S&P 500, FTSE 100, and Nikkei 225, providing exposure to broader market trends.
Metals trading encompasses precious metals like gold and silver, offering a hedge against market volatility and inflation.
Energies trading includes commodities such as crude oil and natural gas, enabling traders to capitalize on movements in the energy markets driven by geopolitical events and supply-demand dynamics.
Lastly, cryptocurrency trading allows investors to participate in the rapidly growing digital asset space, with options to trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Account Types
Seven Capitals offers a range of account types tailored to suit different trading preferences and capital levels.
The Demo Account provides a risk-free environment for traders to practice and familiarize themselves with the platform.
For live trading, clients can choose from the Standard Account, requiring a minimum deposit of 100 USD, and offering currency options in USD, AED, and GBP. The Variable Account, with a minimum deposit of 5000 USD, provides traders with variable spreads and similar currency options.
For more experienced traders, the Pro Account requires a minimum deposit of 10,000 USD and offers enhanced features and benefits.
Lastly, the ECN Account caters to advanced traders with a minimum deposit of 20,000 USD, offering direct access to interbank liquidity and competitive spreads in USD currency only.
How to Open and Account？
To open an account with Seven Capitals, you have to follow below steps:
Complete any verification process for security purposes.
Once your account has been approved, you can set up your investment preferences and start trading.
Leverage
Seven Capitals offers leverage ranging from 1:25 to 1:500, providing traders with the opportunity to amplify their trading positions. While leverage can potentially enhance profits, it also increases the risk of significant losses, especially if market conditions move against the trader's position. Therefore, it is crucial for you to fully understand the implications of using leverage before trading.
Implementing risk management techniques such as setting stop-loss orders and adhering to proper position sizing can help mitigate the risks associated with leverage.
Spreads & Commissions
Seven Capitals' each account type has its own spread range, catering to different trading preferences and strategies.
The Standard Account features spreads starting from 1.4 pips, while the Variable Account offers spreads ranging from 1.2 pips to 1.8 pips, providing flexibility for traders.
For more advanced traders, the Pro Account boasts tighter spreads starting from 0.8 pips, enhancing trading efficiency and reducing trading costs.
Additionally, the ECN Account offers the lowest spreads, starting from 0.2 pips, providing traders with direct access to interbank liquidity and highly competitive pricing.
Notably, the broker does not charge commissions, ensuring transparent pricing for traders.
Trading Platforms
Seven Capitals offers traders a versatile selection of trading platforms for their diverse preferences and device compatibility.
The MetaTrader 5 platform, available for Windows, MacOS, iOS, and Android devices, provides advanced trading features and comprehensive charting tools for analyzing market trends and executing trades efficiently.
Additionally, traders can access the Seven Capitals App, available for both Android and Apple devices, offering a user-friendly interface and essential trading functionalities on the go.
Whether on desktop or mobile, traders can seamlessly access their accounts, monitor market movements, and execute trades with ease using the broker's intuitive and feature-rich trading platforms
Customer Service
Seven Capitals provides comprehensive customer service through phone, email, physical address, WhatsApp, and a contact us form. This multi-channel approach ensures accessibility and timely assistance for clients regarding account management and trading queries.
Tel: +230 214 3395
Email: contact@fx7capitals.com.
Headquarters: Level-6 Ken Lee Building, 20 Edith Cavell Street, Port Louis 11302, Mauritius.
Educational Resources
Seven Capitals provides a dedicated blog page as part of its educational resources, offering valuable market updates and insights to empower traders with relevant knowledge and analysis. Through this platform, traders can stay informed about the latest market developments, economic indicators, and trading strategies, enhancing their understanding of market dynamics and potential trading opportunities.
The blog serves as a valuable educational resource for traders of all levels, from beginners to experienced professionals, thus to equip them with the information and insights needed to make informed trading decisions in the dynamic financial markets.
Conclusion
In summary, Seven Capitals is an online brokerage firm located in the Mauritius, offering a wide range of trading instruments, including Forex, Indices, Metals, Energies, Cryptos. However, it's crucial to note that Seven Capitals currently operates without valid regulations from any authorities, raising concerns about its accountability and commitment to client safety.
Therefore, you should be cautious when deciding to trade with this broker and consider alternative brokers with established regulatory oversight to mitigate potential risks.
Frequently Asked Questions (FAQs)
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.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
Mauritius|2-5 years| 
United Kingdom
Israel 2.45
2024-02-07 18:05
2022-11-30 15:26
