On this page, we review the 7bforex broker. 7bforex broker has been providing services to traders since 2010. Stay with us for more information about this broker.
| Broker name | 7bforex |
| Established year | 2010 |
| Spread rate | average |
| Central office | Nigeria |
| Regulation | - |
| Minimum deposit | ₦5,000 |
| The easiest way to deposit and withdraw | Credit card, debit card |
Cent Account
Copy Trading
Spread Reduction Trick
Islamic Account
Permission To Trade Scalping
7Bforex is the name of one of the brokers located in Nigeria, which was established and opened to provide services to the residents of this country. This broker has three different types of trading accounts and supports various symbols for trading.
Commenting on the credibility of brokers may seem very simple at first glance, but if we want to look at this issue with a closer look, we will realize how difficult it is; however, two very important factors are history and having a regulation confirming the credibility of a broker. In connection with the 7bforex broker, it should be said: This broker is unregulated and was established in 2010.
Unfortunately, Seven Bay Forex broker does not have any regulations.
7bforex broker is located in Nigeria.
The history of the 7bforex broker can be considered average because this broker started operating in 2010, and more than ten years have passed since its start.
| Profile / account name | CLASSIC | ELITE | STANDARD |
|---|---|---|---|
| Minimum deposit for opening | ₦5,000 | ₦100,000 | ₦5,000 |
| Spreads | Starting from 1.3 | Starting from 1.9 | Starting from 2.1 |
| Commission | 0 | Starting from ₦25 | Starting from ₦12.5 |
| Maximum leverage | 1:1000 | 1:1000 | 1:1000 |
| Ability to trade currency pairs | Yes | Yes | Yes |
| Ability to trade stocks and indices | Yes | Yes | Yes |
| Possibility of digital currency trading | Yes | Yes | Yes |
| Scalp permission | Yes | Yes | Yes |
| Permission to use Expert | Yes | Yes | Yes |
7bforex broker offers three different types of trading accounts to traders, which we will examine in detail below.
To open a standard account with 7bforex broker, you will need a minimum of ₦5,000; this account has a maximum leverage of 1:1000, and the spread starts from 2.1 pips. Also, the commission for this account starts from ₦12.5.
The minimum deposit to open this account is ₦100,000, and its spread starts from 1.9 pips; the maximum leverage or leverage factor that can be used in it is also 1 to 1000, and its commission starts from ₦25.
A minimum deposit of ₦5,000 is required to open a classic account at 7bforex broker. Traders can use the maximum leverage of 1 to 1000 in the classic account, also one of the great advantages of the 7bforex broker classic account is that there is no commission, the spread of this account also starts from 1.3 pips.
The spread of 7bforex broker depends on the type of account as well as the market conditions, but in general, the minimum spread is 1.3 pips.
Unfortunately, the ability to use an Islamic account or an account without overnight swap is not active in the 7bforex broker, which is one of the disadvantages of 7bforex.
Traders can open an account with 7bforex broker with a minimum deposit of ₦5,000 and benefit from the experience of working and trading with a real account.
Deposit and withdrawal methods in 7bforex broker are very diverse and include: credit card, debit card, GT bank, Alat, UBA, etc. and users can use any of these methods that are easier for them.
Bonuses are incentive schemes that many brokers give to users. Some of these bonuses are withdrawable, and others are non-retractable, and traders can only deal with them, but the profit from trading is withdrawable. You can contact this broker’s support to get more information about active bonuses in 7bforex broker.
When opening an account in the 7bforex broker, users must enter information such as first and last name, email address, phone number, residential address, etc. on the main website of the 7bforex broker, and you can also get advice from the 7bforex support team if you need help. take advantage
The trading symbols of the 7bforex broker are very diverse and include digital currencies, energy, currency pairs, etc. It can be said that the 7bforex broker has performed very well in terms of the variety of trading symbols.
Many traders around the world prefer to use this platform because of the service and ease of use of Metatrader 4. You can click on the links below to download this platform.
Copy Trade is one of the well-known and very important systems around the world, and many professional traders earn money using this system. If you are also a professional trader, you can make an excellent income by creating your strategy using this method. Earn financial markets; you should note that this system is not only for professionals; even if you are entirely unfamiliar with trading, you can earn money from the market by connecting to professional traders and copying their trades. But this system is not supported by Seven Bay Forex broker. Since choosing a professional trader to copy transactions requires sufficient information and expertise, you can contact us to receive free advice through the communication channels of the site, and our experts can ask any questions you may have regarding this attractive system. Please do it
If you want to open an account with a broker, ensure that the broker has no history of fraud. Fortunately, we have not received any fraud reports from the 7bforex broker.
