Seven Star FX Journal

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Seven Star FX Profile
Year
2004
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Canada, Cyprus, Japan, Mauritius, North Korea, Puerto Rico, US
Broker type
STP, DMA, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
15 ms
LPs total
17
LPs quality
...
LPs names
Bank of America, Citibank, HSBC, Morgan Stanley, RBS, UBS

Seven Star FX Accounts
STP
ECN
Minimum Deposit
200 $
5000 $
Leverage
400 : 1
300 : 1
Minimum Lot
0.01 lots
0.1 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
10 $/lotRT
Volume
5 lots
5 lots
Margin Call
100 %
100 %
Stop Out
50 %
50 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
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Is Seven Star FX safe?

  • Investor protection: no
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is Seven Star FX trusted?

  • Information transparency: limited ★★
  • Customer service: prompt, helpful ★★★★★
  • Seven Star FX website: semi-detailed, updated ★★★
  • Seven Star FX popularity (by visitor count): low visits ★★

How Seven Star FX works

Being a genuine ECN broker we have the lowest variable market spreads in the industry. The preads we get is directly from the Tier 1 banks and they start from just 0.1 pips

https://sevenstarfx.com/

In regard to transactions in financial instruments with the Company, the Company is using an Electronic Trading Platform for transactions in Financial Instruments which does not fall into the definition of a recognized exchange as this is not a multilateral trading facility and the Company is always the counterparty in every client/customer/investor transaction.

https://www.sevenstarfx.com/wp-content/uploads/2015/09/General-Risk-Disclosure-1.pdf

ECN, Electronic Communication Network, technology bridges the link between smaller market participants and tier-1 liquidity providers. Seven Star FX ECN Account uses the leading edge technology to offer you the best quotes. It enables you to directly access the raw banking spread, directly from the source. When you place an order, ECN technology searches for the opposite order in the pool of orders. And, when it finds an exact opposite order with a matching volume size, it executes it automatically and instantly. However, if there are unmatched orders, they are made available to be matched with opposite orders.

https://sevenstarfx.com/accounts/ecn/

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