About SEVEN WONDERS
Company Overview
Seven Wonders is a retail forex and CFD broker registered in Hong Kong, claiming to operate as a Bullion CFD provider. The company was established on 4 November 2019, according to our records, though the website suggests it began in 2018. The registered address is Flat/Rm A 12/F, ZJ 300, 300 Lockhart Road, Wan Chai, Hong Kong.
The broker presents itself as bridging the gap between retail and institutional trading, offering leveraged products on forex, spot, and cryptocurrencies. It operates the MetaTrader 4 platform and advertises high leverage up to 1:500.
Regulation and Licensing
Seven Wonders claims on its website to be regulated by the Australian Securities and Investment Commission (ASIC). However, our records indicate no valid regulatory license for this entity. ASIC does not list Seven Wonders as a regulated firm, and the broker is registered in Hong Kong without any financial services license on file. This discrepancy is a significant red flag.
In FXCanary's assessment, the absence of verifiable regulation means clients have no recourse through a recognized regulatory body. Traders should treat any claim of ASIC regulation with extreme caution until independently confirmed.
Account Types
The broker offers a single Standard Account designed for retail traders. According to both our records and the website, this account features leverage up to 1:500, raw pricing with spreads starting from 1 pip, and no commission charges. The minimum deposit is not specified on the website, suggesting it may be flexible.
The account is marketed as simple and cost-effective, with fast execution and access to deep liquidity. It is aimed at both new and experienced traders who prefer a straightforward trading environment without complex fee structures.
Trading Platforms and Instruments
Seven Wonders exclusively provides the MetaTrader 4 platform, a widely used trading interface known for its advanced charting tools and automated trading capabilities. The broker claims to offer raw pricing and low latency through Equinix NY4 servers.
The instrument range is not explicitly listed on the site but includes 'Bullion CFDs', forex, spot, and cryptocurrencies. The broker positions itself as a multi-asset trading platform, though the actual number of available instruments is unclear.
Funding and Fees
The broker accepts multiple funding methods, including bank transfers and various local payment options in currencies such as VND, PHP, MYR, AED, and JPY. Deposits are advertised as instant and free, with no fees charged by Seven Wonders for either deposits or withdrawals.
Withdrawal processing deadlines are set at 12:00 AEST/AEDT, with same-day processing for requests before that time. The broker warns that third-party or intermediary banks may impose additional fees, which are beyond its control.
Target Audience and Suitability
Seven Wonders appears aimed at retail traders seeking high leverage and access to a simple trading setup. The Standard Account's 1:500 leverage is attractive to those looking to maximize exposure with minimal capital, though it carries significant risk.
The absence of a minimum deposit requirement may appeal to beginners, but the lack of regulatory oversight makes the broker unsuitable for risk-averse traders. Experienced traders might consider it only if they are fully aware of the unregulated status and potential for loss.
Overview compiled by FXCanary from regulatory records and public data. full SEVEN WONDERS review