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Seven Capitals Review – What We Found Out About This Illegal Broker

Jun 18, 2021
Seven Capitals Scam Brokerage

Seven Capitals is one of the rare brokers specifically oriented to one asset. If you see that the broker leans towards gold trading and has UAE headquarters, it looks like you are in the right place. Do not hold your breath just yet. Let’s see who the company is first.

Read our honest Seven Capitals review.

Broker status:Anonymous Offshore Broker
Regulated by:No Regulation (Unlicensed Brokerage)
Broker Owner:Seven Capitals Trading LLC
Headquarters Country:Mauritius (allegedly UAE)
Foundation year:2020
Supported Platforms:MT5
Minimum Deposit:$100
Types of Assets:Commodities
Maximum Leverage:1:500
Free Demo Account:Yes
Accepts US clients:No

Seven Capitals Regulation, Licenses and Security

Seven Capitals is a brand of Seven Capitals Holding LLC. The company has its headquarters in Mauritius. However, if you check the website closely, you will see that the company is Dubai-based. All this made us question the Seven Capitals regulation.

What’s Wrong With Seven Capitals License and Regulation?

The broker provided a regulation number from FSC Mauritius. After careful verification, we concluded that this regulation doesn’t exist. So, is Seven Capitals regulated anywhere? Since it’s not regulated in the country of origins, nor in Dubai, where the alleged headquarter is, the broker is illegitimate.

You cannot trust such a company.

Seven Capitals Platform

Seven Capitals Trading Platform Review

If you check the broker trading platform, that is maybe the only thing you won’t be disappointed about. The company offers MT5, which is a good platform. Despite many traders’ preferences towards MT4, we have nothing wrong to say about MT5 either.

However, the leverage provided by the brokerage is too high, 1:500. This leverage exposes your funds to too high a risk and increases your chances of losing the money.

In Which Countries Does This Broker Work?

As an unregulated brokerage, Seven Capitals is not officially allowed to provide financial services anywhere. However, the company mainly operates in the Middle East, including UAE, Kuwait, Saudi Arabia, Turkey. Also, we found Seven Capitals reviews coming from the UK, Italy, Austria, and other EU regions.

The restricted areas, as per the broker’s website, are the USA, Japan, British Columbia, Quebec, and FATF blacklisted countries.

Be aware that Seven Capitals does not fall under any regulatory jurisdiction. File a complaint about the broker immediately!

And, please, think twice before taking any risks while investing money in AntariGroup, AlpsMarkets or Fibido brokers.

What Can You Trade With a Broker?

As mentioned above, the broker is focused on one particular trading asset – commodities. It represents itself as the best gold trading company out there. As per the website, the broker is offering exceptional trading conditions related to gold and other metals. 

Among these conditions is Seven Capitals minimum deposit that is $100. We couldn’t find payment methods the company is accepting nor anything related to withdrawal time. For example, if you submit your request today, there is no specified date for receiving your funds. It’s another well-thought scheme, so the clients have no place to complain to the broker itself.

However, there are no transparent fees and commissions related to deposits and withdrawals, which is highly suspicious.

Scammed by Seven Capitals broker? What to Do?

If you were scammed by the Seven Capitals broker, there is a possibility of getting your money back. You need to file a dispute and request a chargeback. 

You are not the only victim of the Seven Capitals scam. Many people have been in the same situation. Based on experience, we know that the chargeback procedure can be exhausting; dealing with all the bureaucracy is not the easiest task.

Contact our support via chat and book your free consultations. Let’s show you the quickest way to return your funds!

Don’t Let the Scammers Go Away for Free!

What is Seven Capitals?

It is an unlicensed online trading brokerage. Do not invest your funds!

Is my money safe with the Seven Capitals broker?

Seven Capitals is an unregulated offshore brokerage. Your funds are not safe!

Who is the owner of Seven Capitals broker?

The owner of the broker is Seven Capitals Holding LLC from Mauritius.