FAQ

We have compiled answers to our frequently asked questions below, if your question is not answered, please contact us immediately.

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How to make deposit into your trading account

To make a deposit into your trading account, follow the process below.

  1. Login into your client cabinet.
  2. Click on Transactions on the left navigation.
  3. Click Make Deposit

Then, follow the process through.


How can I withdraw from my 7bforex account?

Kindly follow the process below to make a withdrawal.

  1. Login into your client cabinet.
  2. Click on 'Transactions' on the left navigation.
  3. Click 'Make Withdrawal'.

Then, follow the process through.


What is the minimum deposit amount?

The minimum first deposit amount on your standard account is N5,000. For subsequent deposits, the minimum amount Is N1,000.

 


Will I be charged for withdrawal?

No, you won’t be charged for withdrawal irrespective of the amount.


Can I make a deposit and withdraw after work hours?

Yes, you can, however, transactions outside active work hours (9am – 5pm from Monday to Friday) are processed within 2 – 48 hours.


Can I make a deposit and withdraw during the weekend?

Yes, you can, however, transactions outside active work hours (9am – 5pm from Monday to Friday) are processed within 2 – 48 hours.


Do you offer trading signals?

No, we don’t offer signal services at the moment.


How much can I invest?

Sorry, we do not offer investment programs.


What is the minimum and maximum amount I can withdraw?

The minimum amount you can withdraw is N1,000, while the maximum amount you can withdraw is N10,000,000 per transaction.


What is the difference between a Master and Investor Password?

The Master password is the required password to place trades on your MT4 while an Investor gives you a view-only access to your account.


I want to open a trading account in dollars, do you have a dollar account?

No, we do not have a dollar trading account at the moment. We only provide localized services to Nigerians and this means that as a Nigerian, you trade in your local currency (Naira).


Do you have a referral program?

We’re actively working on creating a referral program. Once it’s up, you’ll be first to know.


What are your Margin Requirements? What is your Stop Out level?

Our Stop out level is set at 50% Margin level.
Margin call is set at 70%.
Once Margin Level reaches or falls below the Stop out Level, the system will automatically begin to close your open positions.


Can I lose the Boom Bonus?

No part of the bonus can be withdrawn or lost. The 100% Boom Bonus will be canceled once a client loses or withdraws up to 85% of his or her own capital.