Launched in 2004, Seven Star FX is an online trading broker that provides traders with the MT4 trading platform, which is available in desktop, web, and mobile versions. They offer access to trade multiple financial instruments across different asset classes, such as forex, indices, equities, cryptocurrencies, energies, and commodities. There are various educational resources, useful trading tools, and a client support team to assist traders. Their clients benefit from different competitive trading conditions, including tight spreads, zero fees, deep liquidity, instant trade execution, multiple account types, and more. The minimum deposit amount required to start trading is $200.
Seven Star FX Review Introduction
In this Seven Star FX 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.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Seven Star FX.
Seven Star FX Platforms & Tools
The broker allows traders to carry out all their trading activities using the MT4 trading platform. The MT4 trading platform is designed to ensure an enhanced trading experience due to the numerous trading tools that are built into it. The platform was launched in 2005 and has since grown to become the most preferred trading platform among forex and CFD traders. The broker presents the MT4 trading platform as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, such as Chrome, Safari, Firefox, and Edge, and a mobile app that is compatible with Android and iOS devices.
There are various standalone trading tools on the broker’s website, and they include a holiday calendar, historical data, forex calculator, and an economic calendar that shows the schedule of future market events and their expected impacts on the financial markets.
Seven Star FX Research & Education
The broker makes available a plethora of learning resources on its website. These educational resources aim to improve clients’ trading skills, and they include the following: learning articles, trading guides, an FAQ section, and a forex glossary that shows various trading terminologies and their detailed explanations.
Seven Star FX Trading Accounts
The following trading account options are available at Seven Star FX: Standard ($200), Premium ($10,000), and ECN ($5,000) accounts. In addition, there is a demo account option to help traders familiarize themselves with the broker’s platforms using virtual funds.
Seven Star FX Account Funding
The broker’s traders can deposit and withdraw funds to and from their trading accounts using bank wire transfers, credit/debit cards, and online payment processors.
Some payment methods may not be available in specific. The time taken to process transactions may vary depending on the payment method in use.
Seven Star FX Customer Service
Seven Star FX offers a knowledgeable client support team that is polite and prompt in response. The support team is available 24/5 and can be reached via telephone, email, and Live Chat.
Seven Star FX Regulation
Seven Star FX LTD was incorporated and regulated under registration number 23895 IBC 2016 by the Financial service authority (FSA) of Saint Vincent and Grenadines.
Seven Star FX Review Summary
Operating from Kingstown, Saint Vincent and the Grenadines, Seven Star FX is a retail trading broker that provides clients with secure access to various financial markets using the MT4 trading platform. There is a responsive client support team on hand to assist traders. The minimum deposit required to start trading is $200. The broker is regulated by the SVGFSA.
It is worth mentioning that some of the trading products and services in this Seven Star FX 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 Seven Star FX 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.