Seven Capitals Review: A Regulated Broker You Can Rely On

Seven Capitals Holding LLC is the official owner of Seven Capitals broker company. This broker operates from Mauritius since 2020 on the forex and CFD markets. Important to realize is that the contact number Seven Capitals trading company provides a UK-based number. But to find out if is it a real UK number or just a VOIP service is yet to be determined.

The answer to this and many other questions you can find in this Seven Capitals review.

Before we go any further, we suggest reading our brokerage reviews on SmartFX, Xpro Markets, and FXGM.

Seven Capitals Is A Regulated Broker?

Seven Capitals broker presents itself as FSC regulated broker. This institution comes from Mauritius and its overall loose regulator. However, that is better than nothing. Indeed since April 2021, this broker is in the FSC register.  

Through even more detailed research we found that they are based in UAE. Yet, none of the regulations come from that country. Lastly, we were checking Tier 1 regulators as our last hope. Such regulators are FCA, ASIC, and BaFin, but this broker is not in their database either.

Besides loose regulations, they don’t have any other security measures. Primarily we are talking about negative balance protection and guaranteed stop loss. Moreover, extremely high leverage is one more reason to look for another and more trusted broker.

Available Seven Capitals Broker Trading Software

Even though Seven Capitals broker provides a trusted trading platform it’s risky to trade with them. One simple reason for that is that this broker offers leverage up to 1:500. This is extremely risky. Especially if you don’t have guaranteed stop-loss and negative balance protection. Those security features are often mandatory with Tier 1 regulated brokers.  

MT5 For MacOS

Meta Trader 5 (MT5) is one of the most reliable trading software. It provides a wide range of features. Some of the most important are social and copy trading. That’s why it has a huge advantage over other trading platforms. A huge advantage is that it’s available for all MAC users.

MT5 For Android and IOS

Besides desktop versions, mobile users can get access to MT5 through the mobile app as well. It’s available for download through AppStore and PlayStore. More importantly, mobile apps don’t lose any functionality over desktop versions. That’s one of the reasons why it’s so favored among traders.

Seven Capitals’ Trading Assets and Instruments

Seven Capitals broker mainly trades in the commodities market. That’s their field of expertise, as they claim. However, they provide access to some other fields as well. Those are:

• Forex – USD/JPY, AUD/CAD, EUR/SEK
• Indices – AU 200, BE 20, DE 30
• Stocks – Apple, Tesla,  Alibaba

What Are The Different Seven Capitals Account Types?      

As for the account types, traders can choose between 4 options. Those are:

• Standard – $100
• Variable – $5.000
• Pro – $10.000
• ECN – $20.000

Important to realize is that on the first 3 accounts, you get swap-free on approval. So you depend on this broker’s mercy. The only difference between accounts overall comes from spreads. However, those are nothing that any other Tier 1 licensed broker can’t offer.

Can a Trader Use a Demo Account?

On the positive side, before you start investing with this broker, check trading conditions through a demo account. It’s a great feature, especially for experienced traders. Traders quickly realize that this platform doesn’t offer any significant benefits. Not to mention the security that FCA-licensed brokers provide to traders.

Terms and Conditions for Seven Capitals – What You Should Know

As mentioned earlier, they have quite loose regulations. Therefore, all T&Cs are often speculative. Let’s take into consideration the phone number coming from the UK. This broker doesn’t have an office there. So it must be a virtual number.  Just remember that any completely legitimate broker would use their real office address and phone number.

The reason for presenting the UK number is to lower concerns about the broker. Especially after reading some Seven Capitals reviews, you would have some. Where traders complain about services with this broker.

Yet another suspicious aspect is funding methods. This broker doesn’t reveal what payment options they accept. More importantly, they don’t disclose any withdrawal policy.  With trading as an overall risky business, such a lack of transparency is often a dealbreaker.

Leverage, Spreads, and Fees

We mentioned earlier that this broker allows leverage up to 1:500 for all account types. Without negative balance protection, you can easily get into debt. Not to mention that according to any UK, EU or Australian regulator, this is not allowed. On the highest level account type traders get spreads from 0.2 pips. That still doesn’t mean that it will be the lowest possible.

Fees presented for every account type are the same. Starting from 5 decimals for Forex pairs and 3 decimals for metals. Even though most of the accounts are commission-free, the ECN account has a $7 commission per lot.

What Should I Do If I Have Seven Capitals Problem?

Firstly, you can always share your experience on our website. Other readers can hear more about this broker. That way you can help them not to throw money away. At least before they are well informed. Secondly, traders mostly look for fund recovery options. That often means that they had withdrawal issues. For that, you can try to sort the issue out with their regulator.

Thirdly and most importantly, you can always find a solution in a chargeback. Our expert fund recovery team is there to guide you step by step. Don’t waste time because that process is time-limited. You can book your free consultation already today. Get back to us!

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