Score
7BForex
Nigeria|5-10 years| https://7bforex.ng
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
United StatesContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+234 903 812 9463
Other ways of contact
Broker Information
More
7B Forex Ltd
7BForex
Nigeria
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | ₦5,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 1.00 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | ₦100,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:1000 |
| Minimum Deposit | ₦5,000 |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
Users who viewed 7BForex also viewed..
XM
AUS GLOBAL
STARTRADER
IC Markets Global
7BForex · Company Summary
General Information & Regulation
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. 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 brokers website at the moment.
Markets Instruments
Executive Forex offers 70 currency pairs, cryptocurrency pairs, commodities, equities and index CFDs.
Minimum Deposit
Three 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 brokers trading platform before opening a live trading account. The demo account comes loaded with virtual funds for practice purposes.
Leverage
The maximum trading leverage offered by Executive Forex s up to 1:000, which is considered high. Leverage can amplify returns as well as losses, investing in such an unregulated broker offering such generous leverage is not a good option.
Spreads & Commissions
7BForex advertises that it offers low spreads, starting from 0. 0 pips, but does not specify its detailed spreads on particular instruments.
Trading Platform Available
7BForex 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.
Deposit& Withdrawal
7BForex 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.
Customer Support
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.
Educational Resources
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.
News
NewsIn South Africa, a new driver's license will be released, with ambitions to utilise 'the blockchain’
The Driving Licence Card Account (DLCA) reports that its plans to provide a new driving licence card in South Africa are on track.
WikiFXNewsHow to win big in the forex market: A guide for South African traders
To win big in the forex market, the trader must first learn how to trade. Only good traders can hope to benefit from the forex market. Proper Knowledge of the market structure remains the greatest secret of successful forex traders.
WikiFXNewsLouis Jnr Tshakoane – Undercover Trillionaire?
The last installation of the top 4 most controversial forex traders in South Africa is Louis Jnr Tshakoane, the most followed forex trader in the country, many know of or atleast heard of this man, as most of us know at age of 15 Loius Jnr wrote a letter to Sir Richard Branson and managed to secure sponsorship from the business mogul in the form of gym equipment and a cash donation, totaling around 250 000 USD, this was in an effort to help disenfranchised youth, which is significant seeing that Louis Jnr actually came from a wealthy family.
WikiFXNewsWikiFX report: Advantages of Trading Forex in Naira.
Forex Trading is easier with many brokers because they offer a platform that allows you trade in your currency. As a Nigerian, you trade in Naira.
WikiFXReview 5
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now