The firm claims to have extensive experience since 2014 and a license from the offshore regulator SFSA, but this is not enough to entrust a deposit to the broker with confidence. There are far too few reviews about 77Markets for a platform that allegedly has been around for 11 years. Moreover, the majority of comments are negative. Overall, it is necessary to figure out what this service really is and whether it is a scam.
The official website of broker 77Markets gives the impression of a typical offshore company resource. Its structure is standard: at the top is the main menu with the sections Markets, Platforms, About Us, Resources, and Accounts, along with buttons to open an account and select the interface language. At the bottom of the page is a risk warning block as well as legal information about the brand owner — Leadcapital Corp Ltd, registered in the Seychelles and licensed by the FSA under number SD007.
The main content of the site focuses on the broker’s positioning: it claims to have been operating since 2014, mentions its license and registration address, and lists the services offered to clients. These include CFD trading on stocks, currencies, commodities, and cryptocurrencies, one-on-one training, analytics, and an economic calendar. It also outlines account types with a minimum deposit starting at $250.
The website design deserves a separate mention. It is done in a bright green color scheme with an emphasis on graphics and smartphone images, but it looks overloaded and poorly suited to the business style of a financial company. The visuals create more of a promotional than a professional impression, which undermines trust in the resource.
Overall, the 77Markets website can be described as typical of offshore brokers: it contains formal information about its license and legal address, but presents it superficially. The content is geared more toward attracting beginner clients rather than providing transparent details about trading conditions.
On the broker’s website, there is a contact section, which lists the following ways of communication:
Customer support is available from Sunday 5:00 PM EST to Friday 4:00 PM EST, meaning it operates 24/5.
However, the list of communication channels looks limited. 77Markets does not have a live chat, which is the most convenient tool for quick communication and real-time problem resolution. The broker also does not use popular messengers like Telegram, and the company has no official social media pages except for Facebook.
The minimum deposit required by the broker is set at $250. This amount is characteristic of dubious companies: such a threshold is most often used by fraudulent platforms, as they know it is psychologically acceptable for most beginners.
77Markets offers clients four types of accounts: Discovery, Gold, Platinum, and Exclusive. Each subsequent plan provides additional “opportunities” — more training sessions, a personal manager, webinars, and other bonuses. However, the deposit requirement also increases sharply: from $10,000 up to $100,000. This approach looks like a direct attempt to extract larger and larger sums from clients under the pretext of offering special privileges. It is a classic scheme frequently used by dishonest brokers.
As for trading conditions, the company lists the following parameters:
Overall, the conditions advertised by 77Markets appear enticing but collectively confirm a fraudulent approach: a low entry threshold of 250 dollars, promises of privileges for topping up an account with ever larger amounts, and dangerous leverage. All this shows that the broker is not interested in stable and safe client trading, but only in their deposits.
At first glance, the company looks relatively solid: there is a license, a claimed operating history, published trading conditions, and contact details. Therefore, it cannot immediately be declared an outright scam. However, to assess it properly, all key aspects must be examined closely: licensing, history, and the claims the company makes about itself.
A review of the legal information showed that the firm is indeed registered in the Seychelles and holds a license from the Seychelles Financial Services Authority, number SD007. In this respect, the broker did not lie — the company does exist legally. However, it is important to understand that the Seychelles Financial Services Authority is an offshore regulator with a low level of oversight. It does not provide investor protection on the same level as, for example, the British Financial Conduct Authority or the Cyprus Securities and Exchange Commission.
On the 77Markets website, it is stated that the company has been operating since 2014. We checked this through the web archive: indeed, in 2014, a site with this domain existed. However, at that time, it was not a brokerage platform but a liquidity provider. When exactly the company was transformed into a broker remains unclear. Judging by the scarce number of reviews online, it became a full-fledged forex broker only quite recently.
Taken together, the picture looks ambiguous:
Based on this, trusting 77Markets is extremely risky. The company looks like a typical offshore project, where transparency is minimal and real guarantees are absent.
Online reviews of 77Markets are highly contradictory: on some platforms, there are occasional positive comments about the platform’s performance and support, but the majority of reports focus on problems with withdrawals, profit blocking, and aggressive demands for additional deposits. Average ratings on popular services hover around 2–3 out of 5, which reflects the company’s weak reputation and high level of distrust among clients.
77Markets positions itself as an experienced broker with a license and many years of history, but in reality, it turns out to be an offshore project with a questionable reputation. Weak regulation, confusion about its founding dates, and numerous client complaints make working with this company extremely risky.
Helen always knew that her passion for journalism was more than just a hobby. It was a potential career. She began her professional journey at a local newspaper in the small town where she was born. Writing on a variety of topics, from local news to financial reviews, her persistence and investigative talent soon caught the attention of editors at larger publications. We are thrilled that Helen accepted our offer and now writes for fincapital-reviews. Her exposés always create a buzz. Sometimes, we think Helen could easily open her own detective agency.
Withdrawals are a nightmare here. I tried to take out $1,200 and it took almost 3 weeks, with constant excuses from their support. They kept asking me to send new documents, even though I had already passed their KYC. Every time I contacted them, they promised the money would be in my account ‘in a few days’, but nothing happened. Only after endless emails did I finally get my funds, but it was stressful and unprofessional. Definitely not a broker I can trust. Don’t recommend 77markets!
I opened an account with 77Markets hoping to trade major forex pairs, but the spreads turned out to be way higher than advertised. On my Discovery account they were closer to 4–5 pips instead of the 3 they promise. On top of that, I noticed hidden fees when trading stocks — every order cost me much more than expected. After a month of trading, my balance was almost gone, not because of bad trades, but because of the unfair conditions. This broker is only interested in draining your money through spreads and commissions.
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