SEVEN STAR FX Review - Is This Broker Legit and Safe? - WikiFX

WikiFX | 2025-04-27 12:33

摘要：SEVEN STAR FX is not regulated and does not provide services to certain regions. Both demo accounts and Islamic accounts are available.

SEVEN STAR FXReview Summary
Founded	2008
Registered Country/Region	Mauritius
Regulation	No regulation
Market Instruments	Currencies, indices, metals, energies, soft commodities, CFD futures, cryptocurrencies
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.0 pips (ECN, VIP Account)
Spread	From 1.3 pips (Standard Account)
Trading Platform	MT5, MT4
Minimum Deposit	$50
Copy Trading	✅
Customer Support	Contact 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 Restrictions	The 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.

Pros and Cons

Pros	Cons
MT4 and MT5 supported	High leverage ratio
Low minimum deposit	Lack of regulation
Multiple channels for customer support	Regional restrictions
Demo account and Islamic account	Commission 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!

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	❌

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 Type	Minimum Deposit	Maximum Leverage	Spread	Commission
Standard	$50	1:1000	From 1.3 pips	❌
ECN	$5,000	1:500	From 0.0 pips	$5
VIP	$25,000	1:500	From 0.0 pips	$2.5

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 Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile, mac	Beginners
MT5	✔	PC, web, mobile, mac	Experienced traders

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.

Deposit and Withdrawal

SEVEN STAR FX supports a number of payment options.

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Processing Time
Bitcoin	$5	❌	Instant
Neteller		1%
Skrill		1%
fasapay		0.5%
MasterCard		1%
VISA		1%
RegularPay		/
Wire Transfer	$100	/	2-7 working days
Tether	$50	/	Instant

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Processing Time
Bitcoin	$50	❌	Instant
Neteller		❌	Instant
Skrill		❌	Instant
MasterCard		❌	2-10 business days
VISA		❌	2-10 business days
RegularPay		Depending on bank	2-10 business days
Wire Transfer		❌	Instant
Tether		❌	Instant