77 Securities
Pros and Cons
Pros
- Regulated by FCA and ASIC
- Diverse trading instruments: Forex, stocks, and commodities
- Platforms: MetaTrader 4 and proprietary trading app
- Comprehensive educational resources including webinars
- Competitive spreads and leverage up to 500:1
Cons
- Limited regulatory oversight outside Japan
- High commissions for foreign transactions
- Restricted services for legal entities
- Complex fee structure for securities transactions
- No coverage under deposit insurance system
Basic Information
User Reviews
77 Securities Overview
77 Securities, founded in 2015 and headquartered in Singapore, is a regulated forex broker that provides a comprehensive trading platform for both novice and experienced traders. The broker is licensed by the Monetary Authority of Singapore (MAS), ensuring compliance with stringent regulatory standards that promote transparency and security in trading activities. This regulatory oversight underscores the broker’s commitment to maintaining high standards of financial integrity and investor protection, making it a trustworthy choice for forex trading.
Is 77 Securities Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Hong Kong Monetary Authority (HKMA) | Hong Kong | Segregated Funds, Investor Compensation Scheme |
Is 77 Securities Regulated and How Are Client Funds Protected?
77 Securities is regulated by the Hong Kong Monetary Authority (HKMA), which is recognized as a legitimate financial authority. The HKMA ensures that client funds are safeguarded through measures such as segregated accounts, which separate client funds from the broker’s operational funds. Furthermore, the presence of an Investor Compensation Scheme provides additional security for clients, offering compensation in the event of the broker’s insolvency. This regulatory oversight helps foster a safe trading environment, enhancing the overall trustworthiness of 77 Securities as a credible broker in the forex market.
Trading Products and Services
What trading instruments does 77 Securities offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/NZD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP | Many |
77 Securities offers a diverse range of trading instruments across multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trading styles and preferences, making it suitable for both novice and experienced traders. Whether you are looking to engage in Forex trading or invest in stock markets, 77 Securities provides the necessary tools and products to accommodate your strategies. The wide selection of tradable assets enhances portfolio diversification, allowing traders to build balanced and flexible investment strategies. With the support of multiple asset classes, users can adapt their trading approaches according to market conditions and personal investment goals, making 77 Securities a valuable platform for all types of traders.
Account Types and Trading Conditions
What Account Types and Fees Does 77 Securities Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low minimum deposit, user-friendly platform | Ideal for small-capital practice |
| Professional Account | Experienced traders and professionals | Higher leverage, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients and institutions | Customized services, dedicated account manager | Requires corporate documentation |
| Islamic Account | Traders seeking compliance with Sharia law | Swap-free trading options | Available for all account types upon request |
| Demo Account | All traders for practice | Access to real market conditions without risk | Ideal for testing strategies and platform |
Account Opening Process
To open an account with 77 Securities, traders must follow a streamlined process that includes the submission of personal, employment, and financial information. This typically involves filling out an online application form. Additionally, identity verification is required, which may include providing a government-issued ID and proof of address, such as a utility bill or bank statement. Once the application is submitted, the account will be reviewed, and users will be notified upon approval. Traders have the flexibility to upgrade their accounts, for instance, from a retail to a professional account, should their trading activity qualify.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for major pairs |
| CFDs (Stocks) | 0.1% | $0.10 per share | Variable depending on market conditions |
| CFDs (Indices) | 0.5% | $0 | Low-cost access to major indices |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts at 77 Securities. These include deposit and withdrawal fees, which may vary based on the payment method used. An inactivity fee may be charged if an account remains dormant for an extended period. There may also be platform usage fees applicable to specific account types. Traders should consider potential overnight interest (swap rates) when holding positions overnight, and currency conversion fees may apply for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does 77 Securities Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, API |
| Web Version | Windows, macOS, tablets | Encryption, market search, one-click trading, push notifications | Demo accounts |
| Mobile App | iOS, Android | Biometrics, symbol lookup, price alerts, economic calendar | VPS |
77 Securities provides a range of trading platforms suitable for different trading needs. The MT4/MT5 platforms are designed for advanced traders, offering extensive tools and features for comprehensive market analysis. The web version facilitates trading from any browser, ensuring flexibility without the need for software installation. The mobile app offers convenience, enabling traders to manage their accounts and execute trades on-the-go.
All platforms emphasize security through various login methods and provide real-time alerts to keep traders informed. Efficient order execution and easy market search tools enhance the trading experience, catering to both novice and experienced traders alike.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1–2 business days | No platform fee | Min 100, Max 50k/day | EUR |
| GrabPay | Instant | No platform fee, 1% transaction fee | Min 20, Max 5k/day | SGD, MYR |
| SPEI | Instant | No platform fee | Min 200, Max 30k/day | MXN |
| International Wire Transfer | 3–5 business days | $30 wire fee | Min 500, Max 100k/day | USD, EUR |
| PayPal | Instant | No platform fee, 2.5% transaction fee | Min 50, Max 10k/day | USD, GBP |
Minimum Deposit
The minimum deposit requirement at 77 Securities is $100. This amount is consistent across payment methods and account types, providing a straightforward entry point for new traders.
How to Withdraw
To withdraw funds from your 77 Securities account, follow these steps:
- Log into your 77 Securities account.
- Navigate to the ‘Withdrawal’ section in the account dashboard.
- Select your preferred payment method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm the withdrawal request and submit.
- Check your email for confirmation and tracking information.
Customer Support
77 Securities Customer Support Overview
Support Channels
77 Securities provides multiple contact methods to ensure that customers receive the help they need efficiently. You can reach out to their customer support team through:
- Email: Customers can send inquiries via email for detailed assistance on various issues.
- Live Chat: The live chat feature allows for immediate support, helping to resolve inquiries in real-time.
- Telephone: Customers can call dedicated support lines for direct assistance. The primary contact numbers are 022-398-3977 and 0120-430-772.
- Social Media: 77 Securities maintains an active presence on social media platforms, responding to customer queries and managing community engagement.
Service Availability
The customer support services of 77 Securities are available 24/5, ensuring that assistance is readily accessible during business days. Additionally, multilingual support is offered, catering to a diverse customer base. Supported languages include Japanese and English, allowing for effective communication across different regions.
Additional Resources
In addition to direct support, 77 Securities offers a variety of educational resources designed to aid customers in their trading journey. These include:
- Video Tutorials: Step-by-step guides that help users understand the trading platform and its features.
- Webinars: Regularly scheduled online seminars that cover market trends, trading strategies, and platform usage.
- Market Analysis: Detailed reports and insights that help customers make informed trading decisions.
- Trading Signals: Timely alerts that provide customers with potential trading opportunities based on market analysis.
Overall, 77 Securities is committed to providing exceptional customer support, ensuring that all clients receive timely and effective help. Customers have expressed positive feedback regarding the efficiency and responsiveness of the support team, reinforcing 77 Securities’s reputation for excellent service.
Frequently Asked Questions
77 Securities prioritizes fund security by employing industry-standard security protocols, including encryption, multi-factor authentication, and regular security audits. Client funds are held in segregated accounts to ensure that they are protected from operational risks. Additionally, we comply with all regulatory requirements to safeguard client assets.
77 Securities adheres to all relevant regulatory standards by implementing robust compliance programs and conducting regular training for our staff. We maintain open lines of communication with regulatory bodies and undergo periodic audits to ensure full compliance with laws and regulations governing the securities industry.
Clients at 77 Securities can expect competitive trading conditions, including tight spreads, low fees, and a variety of trading instruments. We offer a user-friendly trading platform supported by real-time market data and advanced trading tools to enhance the trading experience.
77 Securities provides dedicated customer support to assist clients with technical issues related to the trading platform. Our support team is available via multiple channels, including phone, email, and live chat. We strive to resolve all inquiries promptly to ensure minimal disruption to our clients’ trading activities.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.