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SEVEN STAR FX

Belize|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://sevenstarfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

SevenStarFX-Demo

France
MT4
2

Influence

C

Influence index NO.1

India 4.51

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
SevenStarFX-Demo MT4
Server Location France

Influence

Influence

C

Influence index NO.1

India 4.51

Surpassed 90.20% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 315 277 2288
Support@sevenstarfx.com
https://sevenstarfx.com/
No. 5 Cork Street, Belize City, Belize

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 315 277 2288

Broker Information

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Company Name

SEVEN STAR FX LTD

Company Abbreviation

SEVEN STAR FX

Platform registered country and region

Belize

Company website
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Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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SEVEN STAR FX · Company Summary

General Information

Founded in 2004, SEVEN STAR FX is allegedly a forex trading broker based in Saint Vincent and the Grenadines that provides its clients with the industry-standard MetaTrader4 platform, flexible leverage up to 1000:1, variable spreads on over 120 financial instruments, as well as a choice of three different live account types and 24/5 customer support service.

Market Instruments

SEVEN STAR FX advertises that it offers more than 120 trading instruments across 7 asset classes in financial markets, including currencies, global Indices, metals, energies, soft commodities, CFD futures and cryptocurrencies.

Account Types

There are three live trading accounts offered by SEVEN STAR FX, apart from demo accounts, namely Standard, Premium and ECN. Opening a Standard account requires the minimum initial deposit amount of $50, while the other two account types with the much higher minimum initial capital requirements of $500 and $5,000 respectively. In addition, the broker also offers PAMM and Islamic accounts. The PAMM account starts trading with $100, while the Islamic account is also called the swap-free account, specifically for traders who abide by Sharia law.

Account

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Standard account can enjoy the maximum leverage as high as 1000:1, while the Premium and ECN accounts can experience the leverage of up to 500:1. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what type of accounts traders are holding. SEVEN STAR FX reveals that the spread on the Standard account starts from 1.3 pips, the clients on the Premium account can experience spreads from 1.0 pips, while the ECN account can enjoy the lowest spreads from 0.0 pips. As for commissions, only the clients on the ECN account will be charged a commission of $ 2.5 on each side, while the other account types with 0 commission.

Trading Platform Available

When it comes to trading platforms available,SEVEN STAR FX gives traders the worlds most trusted and popular MetaTrader4 platform. It has three different versions containing MT4 Desktop, MT4 Mobile, MT4 Web Trader and MultiTrader. MT4 is known as one of the most successful, efficient, and competent forex trading software, offering a customized interface with advanced order management tools, live quotes, real-time analytics, multiple indicators and more. While with MT4 Mobile, trading can be done from anywhere and at any time through Android and iOS terminals.

Trading

Deposit & Withdrawal

SEVEN STAR FX accepts a wide selection of withdrawal options including Bitcoin, Neteller, Skrill, MasterCard, Visa, Regular Pay, Wire Transfer and cryptocurrencies of Tether, Ethereum and Litecoin. While deposits can be processed through the same methods, with the addition of FasaPay. The minimum deposit requirement is $100 for Wire Transfer, $50 for Tether, Ethereum and Litecoin, and $5 for others; while the minimum withdrawal amount is $50 for all available payment methods. The maximum deposit amount is $1,00,000 for Neteller and Skrill, $50,000 for Visa, $10,000 for FasaPay and MasterCard, $3,000 for Regular Pay, and no limit for others; while no maximum withdrawal limit for Regular Pay and Wire Transfer, and clients can request a withdrawal up to the amount they deposited for other payment methods. The broker says that it does not charge any fees, but banking institutions may charge some fees. It will charge a 1% deposit fee for Neteller, Skrill, MasterCard and Visa, 0.5% fee for FasaPay, and free for Bitcoin; while the withdrawal fee of Regular Pay depends on the corresponding bank and free withdrawal for Bitcoin, Neteller, Skrill, MasterCard, Visa and Wire Transfer. As for the processing time of deposit and withdrawal requests, deposits via Wire Transfer usually takes 2-7 working days and deposit via others can be processed instantly; while withdrawal with MasterCard, Visa and Regular Pay take 2 -10 working days and withdrawal with others is instant.

Deposit
Deposit
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Deposit

Customer Support

SEVEN STAR FXs customer support can be reached through phone: +13152772288, email: upport@sevenstarfx.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter, LinkedIn, YouTube and Instagram. Company address: Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.

User Reviews

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7

Comments

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ARS1651
0-3months
Good Service & Fast Withdrawal System
2024-01-20 16:55
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0
0
Alex 917
0-3months
Substandard trading conditions and an inadequate customer service response result in frustrating delays in seeking assistance. The current inability to access their website adds an extra layer of difficulty to executing trades and managing my account. This has left me with a negative impression of the broker, and I would not recommend it to fellow traders.
2024-01-12 18:15
Reply
0
0
FX2341017212
more than one year
I have been trading with Seven Star FX broker since 2017 and I have never encountered any issues with them. I have successfully deposited funds into my account multiple times and have also made withdrawals without any delays. Overall, I am satisfied with the services provided by this broker.
2023-02-25 20:45
Reply
0
0
R K TRADERS
more than one year
world's best forex trading broker
2023-02-23 00:33
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0
0
打豆豆
more than one year
My advice is to stay away from all registered merchants in St. Vincent and the Grenadines. Some companies can be wrongly blamed, but this choice is worth it, because those bigger and more reliable brokers are basically not registered there.
2022-12-01 15:44
Reply
0
0
sunny boy徐
more than one year
The deposit and withdrawal service is great! I haven't had any problems so far. Thanks for their hard work, it deserves a 5-star review!
2022-11-29 10:36
Reply
0
1
FX1063267523
more than one year
This seven star fx is a good platform, offering both demo accounts and Islamic account… here you can also find some helpful educational resources and tools. I have registered a demo account and it is going well so far… I am deciding to switch to live account to make money…
2022-11-28 17:02
Reply
0
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