With its head office in Lagos, Nigeria, 7BForex is an online trading broker that allows traders to buy and sell various financial markets across different asset classes, such as forex, gold, silver, energies, stocks, and more. They provide traders with the intuitive MT4 trading platform, which is available in desktop, web, and mobile versions. Their clients are given access to various trading account options with a minimum deposit of 1,000 Naira. Some essential features of the broker include STP execution, leverage of up to 1:1000, low spreads from 0.01 pips, and more.
7BForex Review Introduction
In this 7BForex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
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7BForex Platforms & Tools
The broker provides traders with the MetaTrader 4 trading platform. It is a sophisticated trading platform that was developed in 2005 by MetaQuotes. It is designed to suit traders of all levels with a user interface that is user-friendly yet packed with versatile functionalities. It features charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. The MT4 trading platform is available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. The web version can also run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge. The MT4 web version eliminates the need to download or install any additional software.
7BForex Research & Education
To ensure clients make knowledgeable trading decisions, the broker makes available a good selection of educational resources on their website. These learning materials include learning articles, trading guides, blogs, and an FAQ section that answers some of the common questions traders may have.
7BForex Trading Accounts
The following trading account options are available at 7BForex: Standard (N5,000), Classic(N5,000), and Elite (N100,000) Accounts. There is a demo account option to help traders to acquaint themselves with the broker’s trading platform before opening a live trading account. The demo account comes loaded with virtual funds for practice purposes.
7BForex Account Funding
The broker accepts various payment methods for both account deposits and withdrawals, including bank cards, such as MasterCard, Visa, Verve, and more. Traders can also deposit and withdraw money using their internet banking platform: GTBank, FirstBank, UBA, Sterling, Zenith, and Alat.
7BForex Customer Service
All clients’ general, technical, and account-related inquiries can be sent to a knowledgeable client support team who are available during working hours and can be contacted through the following contact channels: telephone, email, online form, and social media.
7BForex is owned and operated by 7BForex Ltd, which is incorporated in St. Vincent & the Grenadines as an International Business Company with registration number 24499 IBC 2018. There is no regulatory information on the broker’s website at the moment.
7BForex Review Summary
Founded in 2019, 7BForex is a Nigerian online trading broker that aims to offer quick access to the global financial markets through the MT4 trading platform. They provide traders with some educational resources and a competent client support team to assist them. Traders benefit from various competitive trading conditions to help them get the most out of their trades. The broker is not regulated by any known financial authority at the moment.
It is worth mentioning that some of the trading products and services in this 7BForex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the 7BForex broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.