77markets Forex broker review – Everything you need to know

77markets or 77markets.com is the trading name and brand name owned and operated by Leadcapital Corp Ltd, a regulated investment firm. It offers trading services globally. The broker offers several different account types, access to diverse markets through its proprietary trading apps, and built-in WhatsApp support.

Below is an unbiased brief review of 77markets to determine whether you can trust them.

77markets Overview of the website

The 77markets website is modern in design and visually appealing. It offers a simplistic user interface but is very functional, where most of the important trading conditions are displayed right on the main page. There is a menu at the top to navigate around and find out details about markets, platforms, accounts, and more. Other than that, there is nothing special, and no additional features are offered. The live chat is not available via a built-in plugin; it is a WhatsApp logo that redirects to the WhatsApp website. The website is offered in four different languages, which is flexible, enabling global access.

Overall, the website is satisfactory, but it could be improved by introducing a built-in live chat.

77markets Safety and security

Regulations are the number one priority when dealing with forex brokers, especially offshore-based ones. 77markets is a brand name of Leadcapital Corp Ltd, which is a regulated forex and CFDs investment firm. It is overseen by the Seychelles Financial Services Authority (FSA).

While FSA is not a very strict regulator, it still provides basic protection to traders. As a regulated broker, 77markets is required by the FSA to keep trader funds in segregation, which is an important safety feature.

According to its terms and conditions, 77Markets states that it “operates on a ‘negative balance protection’ basis; this means that you cannot lose more than your initial investment. This is a very important policy and ensures beginners do not become liable for losses beyond their accounts in case they blow up their accounts by misusing leverage.

77markets Accounts Reviewed

77markets offers the following trading accounts: Discovery, Gold, Platinum, and Exclusive. These accounts are sorted as tiers, with higher-tiered accounts offering better services for much higher deposits. Let’s briefly overview each of them to define whether the broker is competitive at all.

77markets Discovery Account

The Discovery account is an entry-level trading account for general forex trading purposes:

• Minimum deposit – 250 USD
• Maximum leverage – 1:300
• Spreads – From 3 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

77markets Gold Account

The Gold account has lower spreads but requires a much higher minimum deposit to activate it:

• Minimum deposit – 10,000 USD
• Maximum leverage – 1:300
• Spreads – From 1.4 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

77markets Platinum Account

The Platinum account offers spreads that are competitive, but the minimum deposit requirement is extremely high. Since many reputable brokers offer the same spreads for just 10 dollars or less, this account does not seem competitive:

• Minimum deposit – 50,000 USD
• Maximum leverage – 1:300
• Spreads – From 1 pip
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

77markets Exclusive Account

The Exclusive account is truly exclusive because it requires at least 100,000 dollars to start trading, while spreads are the lowest among accounts:

• Minimum deposit – 100,000 USD
• Maximum leverage – 1:300
• Spreads – From 0.8 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

Overall, the broker is not competitive due to high spreads and extremely high deposit requirements.

Deposit and withdrawal options at 77markets

The broker supports multiple payment options, including Visa, MasterCard, Maestro, Visa Electron, Skrill, Neteller, VeriSign Secured, Diners Club International, Discover, and wire transfers. 77Markets does not charge fees on deposits or withdrawals (but your bank/provider might).

Credit/debit cards and e-wallets: typically instant, while Bank transfers: usually 1–3 business days. 77Markets doesn’t clearly state specific profit withdrawal processing times on its website, making us think it will take 1-3 business days for payouts to be cleared.

77markets Assets — What can you trade?

When it comes to trading assets, 77markets offers access to a multitude of popular forex markets, such as forex pairs, commodities, indices, crypto, and stocks. Most of these assets are offered in the form of CFDs, enabling instant trade execution, which is especially attractive for cryptos and stocks. The leverage is competitive as well at 1:300, but both spreads and deposit requirements are too high, making the broker unattractive in the end.

Trading platforms of 77markets

The broker offers its own custom web trading terminal for traders, which is not competitive at all. However, it also mentions that it offers access to TradingView, which is an advanced and popular trading platform. If it truly offers access to TradingView, then the broker is very competitive. Mobile trading conditions are not clear, and it seems the broker does not offer a dedicated app. While there is a QR code on the website, when scanning it, there is no available page, meaning the broker is still developing or discontinued its mobile app entirely.

Education at 77markets

The broker lacks structured educational services. It does not offer webinars, trading courses, or video content for free. Only after opening a live account can traders get a limited amount of market analysis and educational resources, which is a serious drawback for this broker. Here is what traders can access after opening a live trading account at 77markets:

• Daily Analysis: Morning Review – All accounts, higher tiers receive more advanced analysis sessions
• 2 Basic Sessions – All accounts
• Dedicated Account Manager – From gold account and above
• Webinars – Only Platinum and Exclusive accounts

As we can see, everything with this broker is either expensive or only accessible to high-net-worth traders, which makes it not suitable for the general forex trading audience.

77markets Customer Support

The customer support experience of 77markets is provided via email and WhatsApp options. There is no direct access to phone or live chat channels, and WhatsApp replaces both, which is not convenient for every trader. Both the support and website are provided in several different languages, which is flexible.

77markets bonuses and promotions

77markets lack trading bonuses. There are no welcome bonuses or deposit bonuses available, which is disadvantageous for many traders. The broker seems fully focused on traders with high stakes. No trading competitions are available either, which is also a minor drawback.

Is 77markets your broker? Final verdict

77markets is a regulated offshore forex broker with basic protection, but extremely high deposits, wide spreads, limited platforms, and weak education make it unsuitable for most retail traders. Overall, not recommended for beginners due to high trading costs on lower-tier accounts.

FAQs on 77markets broker

Where are 77markets based?

77markets is operated by Leadcapital Corp Ltd, which is a forex broker regulated and based in Seychelles.

Can you withdraw from 77markets?

Yes, withdrawals are supported via cards, e-wallets, and bank transfers, but exact profit withdrawal processing times are not clearly disclosed on the website.