SevenTrade24

SevenTrade24 exhibits a high-risk operational profile. According to WikiFX data, the broker holds a low overall score of 1.46 out of 10, with a regulatory index of zero. It operates without any valid licenses from recognized financial authorities, resulting in a complete lack of investor protection mechanisms typically afforded by regulated entities. While the broker offers multiple account types, its unregulated status places significant doubt on its overall safety and reliability for traders.

No. According to its public records and WikiFX assessment, SevenTrade24 is not regulated. The broker does not hold any valid forex trading licenses from major authorities such as the FCA, ASIC, CySEC, or other reputable regulators. The regulatory index in its WikiFX profile is zero, confirming the absence of credible oversight.

SevenTrade24 offers a tiered account structure with varying minimum deposit requirements. The most accessible 'BASIC' account requires a $250 minimum deposit. Higher-tier accounts, such as 'SILVER', 'GOLD', 'PLATINUM', and 'DIAMOND', require deposits of $10,000, $50,000, $100,000, and $500,000, respectively.

Specific trading platform details for SevenTrade24 are not currently publicly disclosed. The WikiFX software index for this broker is also not available, which typically reflects information about supported platforms.