WikiFX Reviews Seven Capitals

With a global reach, WikiFX is a regulatory query platform for forex brokers, having scrutinized and evaluated over 47,000 brokers while maintaining close collaboration with more than 30 national regulators. For a deeper understanding of the security and credibility of your chosen brokers, we encourage you to visit www.wikifx.com or download our free app from Google Play or the App Store.

Seven Capitals' official website is https://www.fx7capitals.com/.

Our WikiFX database states that Seven Capitals has a low WikiScore of 1.73, meaning it is a high-risk and unreliable broker.

Seven Capitals Holding LLC is the official owner of the Seven Capitals broker company, which has been operating in the Forex and CFD markets from Mauritius since 2020. The broker claims to be regulated by the Financial Services Commission (FSC) in Mauritius, although this regulatory authority is perceived to have lenient oversight. Despite being registered with the FSC since April 2021, there are concerns regarding the broker's actual base of operation, which appears to be in the UAE. However, it is not regulated by any authorities in that country. Upon closer examination, WikiFX discovered that Seven Capitals is actually not under any form of regulation at all.

Seven Capitals, operating as an offshore and unregulated broker, lacks credibility as it offers trading and investment services across multiple countries without holding licenses from reputable regulatory authorities like CySec, ASIC, FCA, CNMV, and others. The absence of proper regulation and numerous complaints and negative reviews raises concerns about the broker's reliability and potential scam activities. Consequently, entrusting your funds to this broker could pose risks to your investments.

Market instruments:

Seven Capitals' diverse offerings extend to a wide range of global CFD instruments, encompassing indices, Forex, cryptocurrencies, global indices, energies, and metals.

Types of accounts:

Seven Capitals offers four different types of accounts. Please refer to the images below for more information:

Trading platform:

Seven Capitals currently only offers MT5 platform for its trading clients.

Customer Service:

Seven Capitals' headquarters is at Level 6 Ken Lee Building, 20 Edith Cavell Street, Port Louis, 11302, Mauritius. The company offers 24/7 email support via contact@fx7capitals.com. Trading clients can also contact Seven Capitals via phone (+230 2214 3395) or Whatsapp chat assistance.

WikiFXs Verdict:

Numerous traders who have dealt with Seven Capitals have expressed dissatisfaction and raised complaints against the broker. Online searches reveal many negative reviews, leaving users feeling cheated and frustrated with their trading experiences. 910WikiFX advises against trading with this broker as a responsible source, emphasizing the potential lack of safety for your funds. WikiFX would recommend traders seek out alternative brokers with more robust regulatory credentials, higher transparency, a stronger commitment to investor protection, and a longer-standing history.