The first thing you should look for in a C 7 Traders review is whether the company pays its members on time. This is the most common reason for losing money, but there are many legitimate ways to avoid being ripped off. A legitimate broker will never promise you ROIs of 480% per day, but this is the exact opposite of a scam. This company is an offshore broker, but has a reputable reputation with positive user reviews. Their trading platform supports MetaTrader 4, Sirix web platform, and is compatible with the majority of other platforms.
C 7 Traders is an offshore broker that operates under a Vanuatu Financial Services Commission license as a Dealer in Securities. The company has offices in Singapore, Shanghai, and London, where it offers trading on many currency pairs. The offshore status of the company gives it a competitive edge when it comes to tax benefits. There is no income tax, capital gains tax, or inheritance tax in Vanuatu, which is a welcome advantage to active traders. It is easy to register with the company and requires no minimum initial deposit. Their spreads on EUR/USD are below 1 pip, which is low compared to most other brokers.
C 7 Traders is a good option for new traders who are looking for an offshore broker with low commission fees and tight variable spreads. This offshore broker has no minimum initial deposit and offers Straight-Through-Processing (STP) execution on the SIRIX Web platform. This offshore broker is a great choice for active traders looking for an offshore broker. This binary broker does not require a minimum deposit, but it does require a larger initial deposit. Unlike many other brokers, it also offers spreads below 1 pip on EUR/USD. This is quite impressive given the fact that most other offshore brokers charge 1.0-1.5 pps for a EUR/USD trade.
As an offshore broker, C 7 Traders offers low commissions and tight variable spreads. Their trading platform has no commission fees, no minimum deposit, and offers STP execution on the MetaTrader 4 and SIRIX Web platforms. Moreover, the company offers a variety of currency pairs and has no minimum initial deposit. Its trading platform also offers no minimum initial deposit and has a 0.1 pip spread on EUR/USD. While this is not the best option for new investors, it is still a worthwhile investment.