77Markets Review

77Markets Broker Review – Is 77markets.com a Safe or Scam?

The broker 77Markets is one of those platforms that should make your mind think twice before investing in it. It has a very bad reputation as a consequence of its questionable activities which include financial misconduct and withdrawal problems. This review will reveal the reasons behind labeling this broker a potential scam, as well as the necessity of regulatory supervision in the financial field.

In a thorough report, we discovered very serious concerns with 77Markets Broker, so let’s look into the details.

Why Has 77Markets Broker Been Blacklisted?

About 77Markets

77Markets (77markets.com) is an online trading broker based in Seychelles which started operating in 2014. The broker is said to provide access to more than 2000 tradable assets comprising forex, stocks, indices, commodities, and cryptocurrencies. Additionally, it boasts about its 24/5 customer service, its multiple account types and charged-free deposit and withdrawal fees. However, a closer look reveals several concerns that potential traders should be aware of.

Website – http://77markets.com/

Address – Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles

Regulatory Warning – Not recommended by the review website like Report Scam

Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.

77Markets Review – Key Concerns

Offshore Regulation

77Markets is regulated under the Seychelles Financial Services Authority (FSA) under license number SD007. Although it sounds legitimate, it is crucial to know that the FSA represents an offshore regulator and hence offers minimal oversight compared to top-tier regulators. Such situations may cast some doubts on the broker’s transparency and reliability.

Lack of Trading Software

As for now, 77Markets is not offering genuine trading software, which is unheard of on a reputable platform like this.

High Deposits and Spreads

The GOLD and PLATINUM accounts require minimum deposits of $10,000 and $50,000 respectively, and some forex pairs have high spreads, making trading more expensive.

Mixed Reviews

While it holds a Trustpilot score of 3.0 (Average), most reviews are negative, citing poor customer service and withdrawal issues.

This 77Markets review highlights multiple red flags. Traders should proceed with caution.

Common Financial Scams in 2025

Scam brokers continue to evolve, using various tactics to deceive traders:

1. Forex Trading Scams

Forex trading scams involve fake brokers, Ponzi schemes, and misleading offers of trading signals to lure investors into their traps.

2. Dating/Romance Scams

Romance scams involve fraudsters establishing fictional relationships on the internet to win the trust and money of the people. They frequently request monetary assistance or investment in fraudulent projects.

3. Fund Recovery Scams

Fund recovery scams target victims of previous frauds, falsely promising to recover lost money for a fee. Scammers disappear after collecting payments, leaving victims at a double loss.

4. Clone Brokers

These are scam platforms that imitate legitimate brokers to steal investor funds, often blocking withdrawals.

5. Offshore Unregulated Brokers

They generally operate without oversight, making withdrawals difficult and offering no investor protection.

How to Recover Lost Funds from 77Markets Broker

If 77markets.com Broker denies withdrawals:

Contact Support – Request a written explanation and save all communication.
File a Complaint – Report the broker to financial regulators.
Initiate a Chargeback – If payments were made through the bank or credit card, file a chargeback.
Report the Scam – Share one’s own experience on a scam-reporting platform to save others.

FAQs About 77Markets Broker

1. Is 77Markets Broker a legit trading platform?

No, the site is blacklisted by financial regulators and has many complaints of fraud and withdrawal scandals.

2. Why am I unable to withdraw my money from 77markets.com Broker?

Fraudulent brokers will typically use different means of illegal action to apply the brakes on withdrawal such as overly inflated fees or indefinite delay of requests.

3. Can I get the funds back from 77Markets Broker?

Though it is difficult to recover the funds, people can try chargebacks, legal complaints, and help from fund recovery services like Report Scams.

4. How can I determine whether a broker is regulated?

Always check the accuracy of the broker’s license through the official website of the financial regulator before investing your money.

About Report Scam – Your Partner in Fund Recovery

If you are a victim of 77Markets Broker, Report Scam can assist. Report Scam is an expert in helping scam victims of fake brokers, offering them guidance through the process of recovering funds. Our professional team of investigators works on scam cases, offers legal advice, and maximizes the possibility of retrieving lost funds. If you think you have been scammed, take action today and contact us for expert guidance.

Read about Chargebacks

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