As a relatively new broker, 77Markets offers a decent range of assets to trade, including stocks, forex, indices, and commodities. The broker offers 24/5 multilingual support and provides users with reliable mobile and web platforms such as WebTrader and MetaTrader 5. 77Markets is regulated by the FSA, which is a respected financial authority, and its parent company Leadcapital Corp. Ltd. is based in the Seychelles. However, traders may want to consider that the Seychelles is not known for its stringent regulatory environment. 77Markets may be worth considering for traders looking for a new broker to try out, but it is important to conduct due diligence and consider the risks involved when trading with a new and less established broker.

77Markets Pros & Cons

Pros:

1. Diverse Asset Selection: 77Markets offers a wide range of assets to trade, including stocks, forex, indices, and commodities.
2. Multilingual Support: The broker offers 24/5 multilingual customer support to its clients.
3. Reliable Platforms: 77Markets provides its traders with reliable mobile and web platforms like WebTrader and MetaTrader 5.
4. Low Minimum Deposit: The minimum deposit required to open an account with 77Markets is relatively low.
5. Regulated Broker: The broker is regulated by the Financial Services Authority (FSA) in the Seychelles.

Cons:

1. Limited Trading Tools: 77Markets does not offer as many advanced trading tools and features as some other brokers in the market.
2. No US Clients: The broker does not accept clients from the United States.
3. New Broker: 77Markets is a relatively new broker with limited trading history and reputation in the market.

Who Is 77Markets Recommended For?

77Markets is recommended for traders who are looking for a broker with a wide range of assets to trade, including stocks, forex, indices, and commodities. It may also be suitable for traders who value multilingual support and reliable mobile and web platforms. However, traders who prefer to work with a broker regulated by a major financial authority may want to consider other options, as 77Markets is regulated by the FSA in Seychelles. Additionally, it’s important to note that this broker does not accept clients from certain countries, including the United States.

Top 77Markets Features

1. Personalized Training: 77Markets offers a free one-on-one training session to its clients. During this session, traders can discuss their trading strategies and any questions they may have. They can also learn how to place their first trades and how to use the various platforms available.
2. Secure Broker: 77Markets takes security seriously and follows banking security protocols. It doesn’t pass on data to third parties, and all financial and personal data are encrypted with SSI to secure traders’ privacy.
3. Easy Account Opening: The account opening process with 77Markets is simple and not convoluted. After registration, traders can easily place a deposit, verify their accounts, pick an asset, and start trading.
4. Customer Support: 77Markets offers 24/5 multilingual customer support via email or WhatsApp to its clients. Traders can get in touch with the customer support team to get help with any issues they may be facing.
5. Range of Assets: 77Markets offers a range of assets to its traders, including forex, stocks, indices, and commodities. This allows traders to choose from a variety of options and diversify their portfolios.
6. User-Friendly Trading Platforms: 77Markets offers reliable mobile and web platforms like WebTrader and MetaTrader 5. These platforms are user-friendly and easy to navigate, making them accessible to both novice and experienced traders.
7. Competitive Spreads: 77Markets offers competitive spreads to its traders. This allows them to keep their trading costs low and maximize their profits.
8. Copy Trading: 77Markets offers copy trading services to its clients. Traders can copy the trades of successful traders on the platform, allowing them to learn from the best and potentially make profits.
9. Islamic Account Option: 77Markets offers an Islamic account option to its clients who follow Sharia law. This account is interest-free and complies with the principles of Islamic finance.
10. Negative Balance Protection: 77Markets offers negative balance protection to its clients. This means that traders’ accounts cannot go into negative territory, ensuring that they do not lose more money than they have deposited.

77Markets Overview

Trading Tools and Features:

• Personalized Training
• Trading Signals
• Economic Calendar
• Trading Central Analysis
• VPS Hosting
• MQL5 Community

Fees and Commissions:

• Variable Spreads
• No Commissions
• No Hidden Fees
• Overnight Swap Charges

Minimum Deposit:

• $250 for Basic Account

Demo Account:

• Available

Customer Support:

• 24/5 Multilingual Support via Email and WhatsApp

77Markets Account Types

77Markets offers several different account types for traders to choose from, including Starter, Gold, Platinum, Diamond, and Exclusive VIP. 

The Starter account requires a minimum deposit of $250 and offers desktop and mobile trading, 24-hour customer service, daily analysis, two basic sessions, and webinars. 

The Gold account requires a minimum deposit of $10,000 and includes all of the features of the Starter account, plus an additional basic session. 

The Platinum account requires a minimum deposit of $50,000 and includes all of the features of the Gold account, plus an additional advanced session and tighter spreads. 

The Diamond account requires a minimum deposit of $100,000 and includes all of the features of the Platinum account, plus an additional two advanced sessions and even tighter spreads. 

The Exclusive VIP account requires a minimum deposit of $250,000 and includes all of the features of the Diamond account, plus an additional advanced session and the tightest spreads. All account types offer swap/rollover-free trading and decimal pricing up to five digits.

Regulation and Security 

77Markets is regulated by the Financial Services Authority (FSA) of Seychelles. This regulatory body is responsible for overseeing the financial services industry in Seychelles and ensuring that companies comply with the relevant laws and regulations.

In addition to being regulated, 77Markets also follows banking security protocols to ensure the security of its clients’ financial and personal data. It uses Secure Sockets Layer (SSL) encryption to protect sensitive information and does not pass on data to third parties.

Conclusion on 77Markets 

In conclusion, 77Markets is a relatively new broker that offers a variety of assets, including stocks, forex, indices, and commodities. The broker prides itself on its security, regulation by the FSA of Seychelles, and adherence to banking security protocols. 77Markets also offers a variety of account types to cater to traders of different experience levels and budgets, as well as personalized training for its clients. The platforms provided by the broker are reliable and available on both desktop and mobile devices. Additionally, customer support is available 24/5 in multiple languages. Overall, 77Markets is a solid choice for traders who are looking for a regulated broker with a variety of assets and account types.