77markets Overview

77markets Was Founded In 2014 And Is Headquartered In Seychelles. It Offers More Than 2,000 Tradable Assets Including Stocks, Indices, Forex, Commodities And Cryptocurrencies.

77markets Is Regulated By The Financial Services Authority (FSA) Of Seychelles, Providing Traders With A Regulated And Secure Trading Environment. The Platform Offers 24/5 Customer Support And Accepts All Major Payment Methods. There Are No Commissions For Deposits And Withdrawals.

However, Certain Account Types Require Higher Minimum Deposits, Such As GOLD ($10,000) And PLATINUM ($50,000), While Certain Forex Pairs Have Relatively High Spreads, Such As EUR/USD (3 Pips) And USD/JPY (3.3 Pips).

Regulatory Status

77markets Is Regulated By The Seychelles Financial Services Authority Under License Number SD007 And Holds A Retail Foreign Exchange License Under The Offshore Regulatory Framework.

For Traders On The Platform, The Regulatory Status Of 77markets Provides Certain Safeguards, Ensuring That The Platform Operates In Accordance With Established Financial Regulations And Procedures, Thus Contributing To A More Transparent And Secure Trading Environment And Enhancing Traders' Confidence.

Pros And Cons

Pros:

• Regulated By The FSA: This Regulatory Oversight Ensures That 77markets Adheres To Strict Financial Standards And Norms, Providing Traders With Confidence And Trust In The Operation Of The Platform.
• Offers Over 2,000 Tradable Assets: With A Large Selection Of Tradable Assets, Including Stocks, Indices, Commodities, Forex And Cryptocurrencies, Traders Have Ample Opportunity To Diversify Their Portfolios And Explore Different Investment Avenues.
• Offers 24/5 Customer Support: 24/7 Customer Support Ensures Traders Can Get Timely Help And Resolve Any Questions Or Queries, Regardless Of Their Time Zone.
• Accepts All Major Credit Cards, E-wallets, Local Payment Methods And Telegraphic Transfers: By Offering Multiple Payment Options, 77markets Meets The Diverse Needs And Preferences Of Traders Worldwide.
• No Commissions Or Fees For Deposits And Withdrawals: There Are No Commissions Or Fees For Deposits And Withdrawals, Alleviating Traders' Additional Costs And Enabling Them To Maximize Trading Capital And Potential Profits.
• Friendly Trading Platform: WebTrader: WebTrader Has A Simple And Intuitive Interface And Comprehensive Features, Including Advanced Charting Tools And Real-time Market Data, Enabling Traders To Execute Trades Efficiently And Make Informed Decisions.

Cons:

• Higher Minimum Deposit Requirements For Certain Account Types: Certain Account Types, Such As GOLD ($10,000) And PLATINUM ($50,000), Pose A Barrier To Entry For Traders With Limited Funds Or Who Are Just Starting To Trade.
• Relatively High Spreads For Certain Forex Instruments: While 77markets Generally Offer Competitive Spreads, Certain Forex Instruments, Such As EUR/USD (3 Pips) And USD/JPY (3.3 Pips), Have Higher Spreads Relative To Industry Standards.

MARKET TOOLS

77markets Offers A Wide Range Of Trading Assets With A Choice Of Over 2,000 Tradable Instruments. These Assets Cover A Wide Range Of Categories.

• STOCK: Trading Through Assets Such As AMZN, APPLE, FACEBOOK, GOOGLE, And NVIDIA Allows Investors To Take Advantage Of The Price Fluctuations Of Some Of The World's Most Well-known Companies.
• INDEX: Traders Can Also Participate In Index Trading Through 77markets, Including Europe50, JAPAN225, TECH100, UK100, And USA500.
• Commodities: 77markets Offers A Range Of Commodities To Trade, Including BrentOil, GOLD, Natural Miner Fee, OIL, And SILVER. Commodity Trading Enables Investors To Participate In Markets For Basic Raw Materials And Natural Resources, Diversifying Their Portfolios Beyond Traditional Financial Assets.
• Forex: The Platform Trades Forex Through Currency Pairs Such As AUD/USD, EUR/USD, GBP/USD, USD/CAD And USD/JPY.
• Cryptocurrencies: For Those Interested In Trading Cryptocurrencies, 77markets Offers Assets Such As Cardano, Bitcoin, Dash, Ethereum And Litecoin.

Account Types

77markets Claims To Offer Five Trading Accounts, Namely Discovery, Gold, Platinum, Diamond And Exclusive VIP.

DISCOVERY Account Type With An Initial Deposit Of 250 Dollars, Suitable For Novice Traders Or Those With Limited Trading Experience. Offering Competitive Spreads And A Host Of Features Including Desktop And Mobile Trading, A 24-hour Client Server And Daily Analysis, This Account Provides The Necessary Tools For Individuals Just Starting Out On Their Trading Journey.

For More Well-funded Traders, The GOLD Account Requiring A $10,000 Deposit Offers Tighter Spreads And Additional Resources Than The Discovery Account.

The PLATINUM Account Requiring A $50,000 Deposit Is Suitable For Advanced Traders Looking To Enhance Their Trading Strategy. Platinum Account Holders With Tighter Spreads And Three Advanced Trading Sessions Can Delve Into Market Analysis And Execution.

For High Net Worth Individual And Institutional Traders, An EXCLUSIVE Account Requiring A Deposit Of $100,000 Offers The Tightest Spreads And The Most Comprehensive Features. Exclusive Account Holders Have Access To Five Advanced Trading Sessions And Exclusive Account Management, Gaining Access To A Wealth Of Resources To Optimize Their Trading Strategies And Effectively Manage Their Portfolios.

Spreads And Commissions

77markets Offers Different Spreads And Commissions Based On Different Account Types To Meet The Needs Of Traders With Different Experience Levels And Funds.

DISCOVERY Account Has A Minimum Deposit Of $250 And Relatively Wide Spreads Such As EUR/USD: 3, USD/JPY: 3.3 And GBP/USD: 3.5. In Addition, The Stock Commission Is 0.2% Plus 10 Dollars. This Account Type Is Suitable For Novice Traders Or Traders With Smaller Budgets Who Prioritize Accessibility Over Lower Fees.

In Contrast, GOLD Accounts Require A Higher Minimum Deposit Amount Of $10,000, But Offer Tighter Spreads Such As EUR/USD: 1.4, USD/JPY: 1.4 And GBP/USD: 1.4. The Stock Commission Remains Unchanged At 0.2% Plus $10. This Account Type Is Suitable For More Experienced And Well-funded Traders Who Seek Better Trading Conditions And Are Willing To Invest More Money Up Front.

With A Minimum Deposit Of $50,000, The PLATINUM Account Maintains The Same Commission Structure As The GOLD Account, But Offers Tighter Spreads Such As EUR/USD: 1, USD/JPY: 1, And GBP/USD: 1. This Account Type Is Suitable For Experienced Traders Who Need Competitive Spreads And Are Willing To Invest Large Amounts Of Money.

For High Net Worth Individual And Institutional Traders, EXCLUSIVE Accounts With A Minimum Deposit Requirement Of $100,000 Offer The Tightest Spreads Such As EUR/USD: 0.8, USD/JPY: 0.8, And GBP/USD: 0.8. This Account Charges 0.2% Commission On Stock Trading Plus $10, Offering Tailored Premium Trading Conditions For Advanced Traders Who Value Low Costs And High-quality Execution.

Trading Platform

There Are Two Main Platforms To Choose From, Including WebTrader And Mobile Trading With IOS And Android Apps. Traders Can Access Financial Marekt Anytime, Anywhere, Providing Flexibility And Convenience.

The WebTrader Platform Acts As The Flagship Trading Interface, Providing Access To More Than 2,100 Assets In Financial Marekt Worldwide. Designed For Fast Execution, WebTrader Is Suitable For A Fast-paced Trading Environment, Providing A Range Of Analytical Tools And Features Essential For Portfolio Management. Traders Can Execute Trades Quickly And Efficiently And Can Effectively Manage Positions Using Stop Loss, Take Profit, Limit And Stop Loss Orders.

Additionally, Mobile Trading Apps For IOS And Android Extend The Platform's Capabilities To Traders Anywhere And Anytime, Ensuring Seamless Access To Trading Opportunities And Portfolio Management Tools From Smartphones And Tablets.

Customer Support

77markets Offers 24/7 Customer Support To Assist Traders.

Their Support Team Is Available 24/7 5 Days A Week, From 5pm EST On Sunday To 4pm EST On Friday.

You Can Contact Support@77markets.com Via Email For Inquiries And Assistance.

Additionally, They Offer Support Via WhatsApp + 35799613869, Providing Traders With Convenient Messaging Options. For Those Who Like Social Media, You Can Connect With 77markets On Facebook At Https://www.facebook.com/77marketscom.

With Multiple Channels Such As Email, WhatsApp And Facebook, Traders Can Easily Ask For Help At Any Time.