77Markets Review Offshore Broker With Limited Protection
77Markets
is an offshore forex and CFD broker registered in Seychelles and
supervised by the Seychelles Financial Services Authority (FSA). This
license allows the broker to operate internationally, but the FSA is not
considered a strong regulator. Oversight is light compared with
authorities such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus),
so client protection is weaker.
The broker promotes itself as
beginner friendly and offers a WebTrader platform along with TradingView
integration. This setup gives easy access for new traders and more
tools for active or experienced users. Clients can trade a wide range of
markets, including stocks, indices, commodities, forex pairs, and
cryptocurrencies. Having multiple asset classes in one place is
convenient, but it does not change the fact that 77Markets operates
offshore and lacks backing from a top tier regulator.
Below is a closer look at 77Markets in
terms of regulation, trading platforms, account types, trading
conditions, and overall safety so you can judge whether it suits your
needs.
Regulation and Safety of Funds
Guaranteed funds
Segregated accounts
Negative balance protection
UK regulated brokers
£85 000, Yes, Yes
EU regulated brokers
€20 000, Yes, Yes
AU regulated brokers
No compensation scheme, Yes, Yes
US regulated brokers
Compensation available, Yes, No
77Markets
operates through Leadcapital Corp Ltd, a Seychelles registered company
supervised by the FSA under license number SD007. While this gives the
broker a formal license, it does not offer the same safeguards,
transparency, or accountability seen in stricter jurisdictions.
How the FSA Regulates Brokers
The
Seychelles FSA is widely viewed as a light offshore regulator. It
issues licenses but applies fewer and softer rules than regulators such
as the FCA, CySEC, or ASIC. Stronger regulators usually require:
- Higher minimum capital reserves
- Ongoing audits and reporting of transactions
- Strict rules on segregating client money
- Compensation schemes that protect client funds
- Leverage caps to limit risk for retail traders
The
FSA does not require compensation schemes, performs only limited checks
after a license is issued, and allows high leverage levels. This
attracts brokers that want fewer restrictions and lower costs.
What 77Markets Promises
On
its website, 77Markets claims to use segregated client accounts and to
offer negative balance protection. These are important safety features
in theory. However, with loose regulatory control and no third party
verification, traders must trust the broker’s word rather than rely on
strict legal obligations.
What That Means For Traders
Having
an FSA license is better than operating without any authorization, but
it still leaves clients with much less protection than they would get
with a top tier regulator. The trade off is clear; traders may get
flexible conditions, but they also accept higher risk and weaker
safeguards.
In short, 77Markets has legal status as a broker, yet
the overall level of investor security is low. Anyone choosing this
broker should act carefully, especially when depositing larger amounts,
and should keep in mind that both oversight and transparency are
limited.
77Markets Trading Platforms
Advanced tools
Auto trading
Custom indicators
Mobile versions
77Markets platform
MT4
30+ indicators, Auto trading, Custom indicators, Android and iOS
MT5
50+ indicators, Auto trading, Custom indicators, Android and iOS
cTrader
40+ indicators, Auto trading, Custom indicators, Android and iOS
77Markets
does not offer MetaTrader or cTrader. Instead, it provides two main
options, its in house WebTrader and integration with TradingView.
WebTrader
WebTrader
runs in a browser, so there is no need to install software. You can log
in from almost any device and start trading. The broker states that
this platform gives access to more than 2,100 instruments across seven
asset classes, including:
- Stocks
- Forex pairs
- Indices
- Commodities
- Bonds
- ETFs
- Cryptocurrencies
WebTrader
includes real time charts, built in analysis tools, and common order
types such as Stop Loss, Take Profit, limit orders, and stop orders.
Traders can track markets around the clock and act quickly when needed.
The design is simple and easy to use, which helps beginners, yet it
still offers enough tools for those who trade more often.
TradingView Integration
For
traders who want stronger charting and more ways to test ideas,
77Markets connects to TradingView. TradingView is known for its detailed
charts, drawing tools, screeners, and active community of traders who
share charts and strategies.
Through this integration, clients can
use TradingView’s features from within the 77Markets environment
without installing extra software. This setup adds more advanced
analysis to the basic WebTrader experience.
Overall, the platform
lineup combines ease of use with more advanced charting. WebTrader suits
new users, while TradingView appeals to traders who want deeper
analysis. Still, even a good platform cannot make up for weak regulation
and uncertain fund protection.
77Markets Minimum Deposit and Account Types
77Markets
offers four main account types, Discovery, Gold, Platinum, and
Exclusive. Each step up targets traders with more capital and
experience.
Discovery Account
The Discovery account is the starting option and requires a minimum deposit of $250. It includes:
- Desktop and mobile access
- 24 hour customer service
- Daily market analysis
- Two basic trading sessions
- A dedicated account manager
- Access to webinars
This account may work for beginners who want to move into live trading with a modest amount of money.
Gold Account
The
Gold account raises the minimum deposit to $10,000. It keeps all
features from the Discovery account and adds a third basic trading
session. The focus is still on support and education, but the higher
deposit makes it better suited for traders with larger budgets.
Platinum Account
The
Platinum account, promoted as the most popular option, requires a
minimum of $50,000. It is aimed at experienced traders and includes
three advanced sessions for more detailed guidance, along with all
benefits from lower tiers.
Exclusive Account
The Exclusive account is the top level and requires a deposit of at least $100,000. It comes with:
- Five advanced sessions
- Priority access to account managers
- Expanded educational and analytical support
This account targets high volume or professional style traders who want more personal service.
In
general, the account setup is clear and structured, but heavily tied to
capital size. While higher tiers provide more support, the sharp jump
in minimum deposits can be a barrier for many retail traders.
77Markets Payment Methods
Deposit time
Withdrawal time
Price
Credit card
Unspecified, Unspecified, Unspecified
Skrill
Unspecified, Unspecified, Unspecified
Neteller
Unspecified, Unspecified, Unspecified
77Markets
accepts several common methods for deposits and withdrawals. Available
options include major credit and debit cards, such as Visa, Mastercard,
and Maestro, along with e wallets like Skrill and Neteller. These
channels are widely used and make funding an account fairly simple in
most regions.
However, the broker does not clearly state:
- Deposit or withdrawal fees
- Processing times for each method
- Minimum or maximum transaction amounts
This
lack of detail makes planning harder. Traders cannot easily know how
long payments may take or what extra costs might appear.
Trusted
brokers usually publish full payment terms, including timelines and all
fees. Since 77Markets does not share this information openly, and given
its offshore status, anyone considering this broker should confirm all
funding conditions with support before sending money.
77Markets Trading Instruments
77Markets promotes access to more than 2,100 instruments from major global markets. The product list covers:
- Forex pairs
- Individual stocks
- Stock indices
- Commodities
- Cryptocurrencies
This
range allows traders to build a varied portfolio through a single
platform, mixing traditional markets like stocks and indices with newer
assets such as crypto.
However, since the broker operates under
the Seychelles FSA, there is no strong external control over how these
instruments are priced or executed. Spreads, slippage, and order
handling are not independently monitored by a strict authority.
Without
tighter oversight, traders have no reliable way to check whether prices
are fair or orders are filled in a transparent way. So while the
instrument list looks broad, the real quality of trading these markets
with 77Markets remains uncertain.
77Markets Spreads
77Markets
does not publish detailed information about its spreads. The broker
does not state typical or minimum spreads for forex pairs, indices,
commodities, or other assets. It also does not explain whether spreads
are fixed or variable.
Because of this, traders cannot calculate
trading costs or compare 77Markets with other brokers in a meaningful
way. Spreads have a direct effect on profits and losses, so hiding this
information is a clear drawback, especially for an offshore firm where
third party checks are limited.
Without real data or live
examples, there is no clear view of 77Markets pricing. Traders need to
assume that conditions may not be as competitive as better known, well
regulated brokers.
77Markets Leverage
US regulated brokers
1:30, No stock CFDs, No crypto CFDs, No gold CFDs, No index CFDs
77Markets
shares no clear information on leverage levels. The broker does not
reveal the maximum leverage on forex, stocks, indices, gold, or
cryptocurrencies.
This lack of clarity is a serious issue.
Leverage controls both potential gains and potential losses. Most well
regulated brokers publish their leverage ratios and often add education
on how to use margin safely. In contrast, 77Markets leaves traders in
the dark.
When leverage is unknown, traders may take on more risk
than they intend. This is especially worrying with offshore brokers,
where leverage can be extremely high.
In short, the absence of
leverage details is a major red flag. Anyone thinking of opening an
account should treat this as a strong reason for caution.
77Markets Withdrawal Requirements
77Markets does not publicly share its withdrawal rules. The broker does not mention:
- Minimum or maximum withdrawal amounts
- How long each withdrawal method takes
- Whether fees or extra charges apply
- Any trading volume requirements before withdrawals
This
level of opacity is a serious concern. Clear and simple withdrawal
policies are one of the first signs of a reliable broker. Most respected
firms explain how requests are processed, what documents are needed,
and what costs may occur.
Given that 77Markets is offshore and
lightly regulated, the lack of transparent withdrawal terms raises real
doubts about how easily clients can access their funds. Before
depositing any money, traders should contact support and request all
withdrawal conditions in writing.
77Markets Pros and Cons
Pros
- None that stand out compared with well regulated brokers
Cons
- Offshore regulation under Seychelles FSA with weak oversight
- No clear information on spreads or pricing
- No published leverage details
- Missing withdrawal terms and potential fees
- Safety of funds and trade execution not independently verified
- Very high minimum deposits for higher tier accounts