7street Overview7street
is an online trading broker that offers a wide range of financial instruments, allowing traders to access a wide range of markets such as stocks, commodities, indices, metals, currencies, and forex. The platform features low spreads, no commissions, leverage up to 1:100, and flexible account options, appealing to traders of all experience levels.
Trading
Instruments7street offers over 200 tradable instruments, including:
Stocks: Trade shares of well-known companies around the world.
Commodities: such as crude oil, natural gas, wheat, etc.
Indices: such as the S&P 500, Dow Jones, etc.
Metals: such as gold, silver, etc.
Currencies and Forex: More than 30 forex pairs are available.
Contracts for Difference (CFDs): Cover a wide range of financial products.
Pros and
- consProsPros: Wide range of tradable instruments
- , low spreads and commission-free ,
- flexible account options
- , high leverage ,
- MT5 platform
, disadvantages,
- unregulated ,
- lack of demo account
- No round-the-clock customer
- supportUnclear
transfer informationAccount
type7street offers four account types to meet the needs of different traders. These account types include Premium, Unlimited, Platinum, and Signage, each with its own unique characteristics.
The Premier account has a minimum deposit of $1,000, no commissions, a minimum spread of 2 pips, and a maximum leverage of 1:100. This type of account is especially suitable for traders on a budget, offering a low-barrier trading option.
Theminimum deposit for the Unlimited account has been raised to $10,000 and there is still no commission, the minimum spread has been reduced to 1.5 pips, and the maximum leverage is still 1:100. This type of account provides traders with better spreads and trading experience, and is suitable for traders with a certain capital base.
The minimum deposit for the Platinum account is $25,000, no commissions, the minimum spread is 1 pip, and the maximum leverage is still 1:100. This account not only provides better trading conditions, but also provides traders with more advanced services, especially for users who are looking for a better trading environment.
Finally, the minimum deposit for a signed account is $100,000, no commissions, a minimum spread of 0.5 pips, and the maximum leverage remains 1:100. This type of account is especially suitable for professional traders as it offers lower spreads and a more efficient trading experience, helping them to take advantage of more opportunities in the market.
Regardless of the size of the trader's capital and level of experience, 7street's four account types offer flexible and competitive options.
Leverage
has a maximum leverage of 1:100, which allows traders to amplify the size of their trades, but be aware of the risks that come with high leverage.
The trading platform
7street works with the MetaTrader 5 (MT5) platform and supports multi-device trading (desktop, Windows, iOS, and Android). MT5 offers real-time charts, advanced analytical tools, and a wealth of trading options for professional traders.
Deposit and withdrawal
deposits: The minimum deposit amount is $1,000 and a variety of payment methods are supported.
Withdrawals: The specific processing time and fees have not yet been clarified, and traders are advised to check the relevant information in advance.
Customer
Support7street offers the following customer support methods:
Email: info@7streetcorporation.com
Phone: +(971) 43425662
customers can contact the team at any time for help and support.
Summary7street
is an online broker that offers a diverse range of financial instruments and flexible account options, featuring low spreads, no commissions, and high leverage. While its products are attractive, factors such as unregulated status and lack of demo accounts, round-the-clock customer support, etc., increase the potential risks. Therefore, traders need to carefully evaluate the advantages and disadvantages of the platform when choosing it, and ensure that they have sufficient trading knowledge and risk management capabilities.
