About 77markets
Overview
77markets is an offshore brokerage launched in March 2022 and headquartered in Seychelles. The firm operates under Leadcapital Corp Ltd, registered at Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe. It positions itself as a multi-asset broker offering trading in stocks, indices, commodities, forex, and cryptocurrencies.
The broker provides access through two main platforms: WebTrader and TradingView. With a minimum deposit of $250, it targets a broad retail audience. Despite being newly established, the company has attracted attention for its low spreads and account tier system.
Regulation
77markets is regulated by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP) with license number SD007. This is an offshore regulatory framework, which often provides less stringent oversight compared to major regulators like the FCA or CySEC.
The regulatory status means traders should be aware of the limited recourse available in case of disputes. The FSA does not typically offer compensation schemes for retail clients.
Account Types
The broker offers four trading accounts: EXCLUSIVE, PLATINUM, GOLD, and DISCOVERY. The EXCLUSIVE account requires a $100,000 minimum deposit and offers the tightest spreads—EUR/USD 0.8, USD/JPY 0.8, GBP/USD 0.8, US30 3, DE40 1.4, US100 1.4, USOIL 0.02—along with a commission of 0.2% plus $10.
The PLATINUM account ($50,000 min) has slightly wider spreads, while the GOLD account ($10,000 min) offers intermediate spreads. The DISCOVERY account ($250 min) has the widest spreads: EUR/USD 3, USD/JPY 3.3, GBP/USD 3.5, US30 8, DE40 4, US100 8, USOIL 0.12. All accounts share the same commission structure of 0.2% plus $10 per trade.
Trading Platforms
77markets supports trading via WebTrader and TradingView. WebTrader is a browser-based platform that requires no download, offering basic charting and order management. TradingView is a popular third-party platform known for advanced charting tools and social trading features.
The broker does not offer MetaTrader 4 or 5, which may be a drawback for traders accustomed to those platforms. However, TradingView is widely used for its intuitive interface and community features.
Instruments and Leverage
The broker markets itself as offering a variety of asset classes: forex, stock CFDs, indices, commodities, and cryptocurrencies. Specific instrument lists are not disclosed in the provided data, so traders should contact support for details.
Leverage information is also not provided, but typical offshore brokers offer high leverage. Given the regulatory environment, leverage may be substantial, though this carries increased risk.
Deposits and Withdrawals
Deposit and withdrawal methods are not publicly listed by 77markets. Users report using credit cards and e-wallets, but no official confirmation is available. The broker encourages contacting customer support for payment-related queries.
Withdrawal processing times appear inconsistent from user feedback, with some reporting delays. The broker states it will assist with any funding issues, but the lack of transparency in payment procedures is a concern.
Target Audience
77markets aims to attract both novice and experienced traders through its low minimum deposit and tiered account structure. The DISCOVERY account serves as an entry point, while higher-tier accounts offer tighter spreads for volume traders.
The broker emphasizes professional account managers and educational support, particularly targeting beginners. However, the offshore regulation and mixed user feedback suggest it may be more suitable for traders willing to accept higher risk.
Overview compiled by FXCanary from regulatory records and public data. full 77markets review