7seas FX is a forex and CFD trading broker that claims to offer a variety of services, including trading signals, education, and account management. However, there are a number of red flags that suggest that 7seas FX is a scam.
Company Overview
The 7seas FX website does not provide much information about the company. The team page is blank, and there is no mention of any regulatory licenses. The only contact information provided is an email address.
Services or Products
7seas FX claims to offer a variety of services, including:
- Trading signals
- Education
- Account management
However, there is no evidence to support these claims. The website does not provide any information about the quality of the services or the qualifications of the staff.
License and Regulations
7seas FX is not regulated by any major financial regulator. This means that there is no governing body to oversee its activities and protect its customers.
Why Dealing With An Unlicensed Broker Is Risky?
There are a number of reasons why it is risky to deal with an unlicensed broker. Unlicensed brokers are not subject to the same regulations as regulated brokers. This means that they are more likely to engage in fraudulent activities, such as:
- Capping profits
- Spreading false information
- Withholding withdrawals
Legal Warning Against 7seas FX
The Financial Conduct Authority (FCA), the UK’s financial regulator, has issued a warning against 7seas FX. The FCA has stated that 7seas FX is not authorized to provide financial services in the UK.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are a number of negative reviews about 7seas FX online. These reviews allege that the company is a scam and that it has defrauded its clients.
One reviewer claims that they deposited $10,000 with 7seas FX but were never able to withdraw any of their money. The reviewer also claims that the company’s customer service was unresponsive and unhelpful.
Another reviewer claims that they were lured into a false investment opportunity by 7seas FX. The reviewer claims that they lost $5,000 after investing with the company.
Feedback About Their Trading
Customers who have tried to trade with 7seas FX have reported that the trading platform is buggy and unreliable. They have also complained about the high spreads and commissions.
Feedback About Their Customer Service
Customers who have tried to contact 7seas FX customer service have reported that the representatives are unhelpful and unresponsive. They have also complained about the long wait times.
How Can “Reviews Advice” Help You If You Get Scammed?
If you have been scammed by 7seas FX or another forex broker, there are a few things you can do. First, you should report the scam to the relevant financial authorities. You can also file a complaint with the Financial Ombudsman Service (FOS) in the UK.
In addition, you can seek help from a company like Reviewssdvice. Reviews Advice is a company that specializes in helping victims of investment scams. They can help you to recover your money and to hold the scammers accountable.
You will get a free consultation call from their experts. You will get some professional guidance and recovery service recommendations to get professional help to recover the lost funds.
Final Thought
7seas FX is a scam. The company is not regulated by any major financial regulator, and there are a number of negative reviews about it online. If you are considering trading with 7seas FX, I urge you to reconsider. There are many legitimate forex brokers out there that you can choose from.
