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Score

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0 1 2 3 4 5 6 7 8 9
/10

SEVEN STAR FX

Mauritius Mauritius | 5-10 years |
ECN Account Suspicious Regulatory License | MT4 Full License | Regional Brokers | High potential risk

https://sevenstarfx.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

SevenStarMarkeets-Demo

France
France
MT4
6

Influence

C

Influence index NO.1

India India 3.55

MT4/5 Identification

MT4/5 Identification

Full License

6
Server Name
SevenStarMarkeets-Demo MT4
Server Location France France

Influence

Influence

C

Influence index NO.1

India India 3.55
Surpassed 23.50% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+1 315 277 2288
Support@sevenstarfx.com
https://sevenstarfx.com/
Level 5 The Core Building Cybercity Ebene, Republic of Mauritius
Licenses

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

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

Basic Information

Registered Region
Mauritius Mauritius
Operating Period
5-10 years
Company Name
SEVEN STAR FX LTD
Customer Service Email Address
Support@sevenstarfx.com
Contact Number
+13152772288
Company Website
FX3784306029

FX3784306029

Unverified

Malaysia

Seven Star FX made unreasonable verification requests and then they blocked my account, stopped replying to my emails, left everything behind and disappear. They didn't even return my initial deposit.

Exposure

Sanya

Sanya

Unverified

Australia

I opened a standard account on SEVEN STAR FX half a year ago, and it generally operates well. As a beginner, I also tried its copy trading service, which helped me a lot, and I gradually found my way. Nice service!

Positive

Positive

FX7085970492

FX7085970492

Unverified

United Arab Emirates

We have been working with Seven Star FX for many years we use their copy trading services and we made lots of profit in this broker and made withdrawal of our profit share all profit withdrawal of our clients and ours are coming on time average 2 hours of time I have attached some withdrawal transaction screenshots with Amount so all can understand how strong this broker is. I am recommended this broker 10000%

Positive

Positive

FX3581087598

FX3581087598

Unverified

India

I am trading with seven star fx since Jan2024 I am receiving my withdrawals on time same day , Trade execution also faster then other broker I highly recommended this broker

Positive

Positive

Summery

Summery

Unverified

Turkey

SEVEN STAR FX delivers top-notch customer support and trading platforms! Their team is responsive and knowledgeable, and the platform is user-friendly.

Positive

Positive

harry810

harry810

Unverified

India

Overall, my experience with Seven Star Broking Company has been extremely positive. Their commitment to providing excellent customer service, advanced trading tools, competitive pricing, and a secure trading environment makes them a standout choice for currency traders. Whether you are a beginner looking to start your trading journey or an experienced trader seeking a reliable broker, Seven Star Broking is an excellent choice. I highly recommend them to anyone interested in currency trading.

Positive

Positive

Jeet Trivedi

Jeet Trivedi

Unverified

India

In my experience, Broker A stands out for its user-friendly platform, transparent pricing, and responsive customer service. I've found their execution speed to be reliable, making trading efficient and straightforward.

Positive

Positive

FX2341017212

FX2341017212

Unverified

United Arab Emirates

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.

Positive

Positive

sunny boy徐

sunny boy徐

Unverified

United Kingdom

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!

Positive

Positive

FX1063267523

FX1063267523

Unverified

Thailand

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…

Positive

Positive

10
Account
Related Software
Biz Area
Website
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Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT4
Full License MT5
Full License MT5
2
MT4 Servers
1
MT5 Servers
216.80
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Meta Trader 4
Perfect
Meta Trader 5
Meta Trader 5
Perfect

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Official website

Website

  • sevenstarfx.com
    162.214.80.40
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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Relevant Enterprises

SEVEN STAR HOLDINGS LIMITED(Belize)
Belize
SEVEN STAR HOLDINGS LIMITED(Belize)
Active
Belize
Registration No.
RA000693_170733
Established
SEVEN STAR FX LIMITED(Belize)
Belize
SEVEN STAR FX LIMITED(Belize)
Inactive
Belize
Registration No.
RA000693_114357
Established

Company Summary

SEVEN STAR FXReview Summary
Founded2008
Registered Country/RegionMauritius
RegulationNo regulation
Market InstrumentsCurrencies, indices, metals, energies, soft commodities, CFD futures, cryptocurrencies
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips (ECN, VIP Account)
From 1.3 pips (Standard Account)
Trading PlatformMT5, MT4
Minimum Deposit$50
Copy Trading
Customer SupportContact form
Tel: +1 315 277 2288
Email: Support@sevenstarfx.com
Address: Level 5 The Core Building Cybercity Ebene, Republic of Mauritius
Social media: Instagram, YouTube, Twitter, Facebook, LinkedIn
Regional RestrictionsThe USA, UK, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, Brazil, the Occupied Area of Cyprus

SEVEN STAR FX was registered in 2008 in Mauritius, which offers trading services related to currencies, indices, energies, cryptos and so on. It provides three types of accounts, with a minimum deposit of $50 and a maximum leverage of 1:1000. What's more, it also provides demo accounts and Islamic accounts. However, it is not regulated and it does not provide services to certain regions.

SEVEN STAR FX's homepage

Pros and Cons

Pros Cons
MT4 and MT5 supportedHigh leverage ratio
Low minimum depositLack of regulation
Multiple channels for customer supportRegional restrictions
Demo account and Islamic accountCommission fees charged
Copy trading services provided
Long operation time
Popular payment options
Diverse tradable assets

Is SEVEN STAR FX Legit?

No, SEVEN STAR FX is not regulated by financial regulatory authorities in Mauritius, which means the company lacks regulation from its registration site. Please be aware of the risks!

No license
Domain information

What Can I Trade on SEVEN STAR FX?

SEVEN STAR FX provides a number of products, including currencies, indices, metals, energies, soft commodities, CFD futures, and cryptocurencies.

Tradable Instruments Supported
Currencies
CFD Futures
Metals
Energies
Soft Commodities
Indices
Cryptocurrencies
Stocks
Bonds
Options
ETFs
What Can I Trade on SEVEN STAR FX?

Account Type & Fees

SEVEN STAR FX provides three types of accounts: Standard, ECN, and VIP Account. Besides, demo accounts and Islamic accounts are also available. Commission fees vary according to the types of accounts.

Account TypeMinimum DepositMaximum LeverageSpreadCommission
Standard$501:1000From 1.3 pips
ECN$5,0001:500From 0.0 pips$5
VIP$25,0001:500From 0.0 pips$2.5
Account comparison

Leverage

The leverage ranges from 1:500 to 1:1000, which are not low. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Trading Platform

SEVEN STAR FX uses MT4 and MT5 as its trading platforms. MT4 and MT5 are commonly used platforms, which are stable and safe.

Trading PlatformSupported Available Devices Suitable for
MT4PC, web, mobile, macBeginners
MT5PC, web, mobile, macExperienced traders
Trading Platform

Copy Trading

SEVEN STAR FX offers copy trading services, which enables clients to learn from top traders. Beginners can follow experienced traders, and they can explore their own trading strategies.

Copy Trading

Deposit and Withdrawal

SEVEN STAR FX supports a number of payment options.

Deposit Options Minimum Deposit Deposit Fees Deposit Processing Time
Bitcoin$5Instant
Neteller1%
Skrill1%
fasapay0.5%
MasterCard1%
VISA1%
RegularPay/
Wire Transfer$100/2-7 working days
Tether$50/Instant
Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time
Bitcoin$50Instant
NetellerInstant
SkrillInstant
MasterCard2-10 business days
VISA2-10 business days
RegularPayDepending on bank2-10 business days
Wire TransferInstant
TetherInstant
Deposit
Withdrawal

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Regional Brokers
  • High potential risk

News

Valid Reasons to Avoid SevenStar FX

Exposure Valid Reasons to Avoid SevenStar FX

SevenStar FX is a low-rated broker. When you search online, you will find tons of overly positive reviews about this broker. Strangely, there is almost no negative feedback anywhere, which is unusual. It makes us wonder: how can a forex broker with no proper regulation have such a perfect reputation? In this article we exposed the red flags of this broker.

 Seven Star FX – Is It Authorized? Safe to Trade? Read this review & get the Ans.

Exposure Seven Star FX – Is It Authorized? Safe to Trade? Read this review & get the Ans.

It’s always better to read before you trade—so you won’t regret it later. Many people invest with unregulated brokers due to a lack of information and end up losing their hard-earned money. Here’s a quick review of Seven Star FX that will help you to make an informed decision.

Wiki Q&A

Nagarjuna
Nagarjuna
1-2 years

What payment methods can I use to deposit and withdraw funds from SEVEN STAR FX?

WikiFX
WikiFX Reply

SEVEN STAR FX offers a range of payment options, including Bitcoin, Neteller, Skrill, MasterCard, VISA, and wire transfers. Personally, I’d prefer to use Bitcoin or Tether, as they allow for instant deposits and withdrawals. For larger transfers, wire transfers could be an option, although they take longer to process. The variety of payment options is a positive feature that I would mention in my SEVEN STAR FX review.

Broker Issues
SEVEN STAR FX
SEVEN STAR FX
Deposit
Withdrawal
07-14
United States
qirhost
qirhost
1-2 years

What drawbacks have I noticed with SEVEN STAR FX?

WikiFX
WikiFX Reply

While there are some solid features, like diverse tradable instruments and low minimum deposit requirements, the biggest drawback for me is the lack of regulation. This lack of oversight puts my funds at risk, and that’s something I can’t ignore. Additionally, the high leverage ratio (up to 1:1000) presents significant risk, especially for less experienced traders. These cons are definitely something I’d mention in my SEVEN STAR FX review, as they impact overall safety and trustworthiness.

Broker Issues
SEVEN STAR FX
SEVEN STAR FX
Regulation
06-10
United States
Rpy Sundram
Rpy Sundram
1-2 years

What kind of trading instruments can I access on SEVEN STAR FX?

WikiFX
WikiFX Reply

SEVEN STAR FX provides a broad range of tradable instruments, including currencies, indices, metals, energies, soft commodities, and cryptocurrencies. This is great for me because I can diversify my trading portfolio. However, I noticed that they do not offer stocks, bonds, ETFs, or options, which could be a limitation if I’m looking for those types of assets. Still, SEVEN STAR FX offers a solid range of instruments, which is a positive factor I’d mention in my review.

Broker Issues
SEVEN STAR FX
SEVEN STAR FX
Platform
Instruments
Account
Leverage
06-09
United States
Pushpender Sharma
Pushpender Sharma
1-2 years

Is SEVEN STAR FX a regulated broker?

WikiFX
WikiFX Reply

From what I’ve seen, SEVEN STAR FX is not regulated by any major financial authority, which is a concern for me as a trader. While it's registered in Mauritius, a jurisdiction with lighter regulatory requirements, the absence of proper regulation means there's no formal oversight to protect investors. If you're looking for a broker with strong regulatory backing, SEVEN STAR FX may not be the best choice. In my personal review of SEVEN STAR FX, this would be one of my primary concerns.

Broker Issues
SEVEN STAR FX
SEVEN STAR FX
Regulation
06-03
United States
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