Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
7/10 · HighHolds a genuine but low tier FSC Mauritius Investment Dealer licence (verified on register, 2024), which caps this dimension; pushed to the top of the band by a 2022 FCA warning, a Saint Lucia registration dressed up as a license, and a licence that is not protecting clients in practice.
Identity & transparency
7/10 · HighCurrent entity is disclosed and matches the register, but there is a documented fake St. Vincent certificate using another firm's number, inconsistent entity names (SEVEN STAR FX LTD vs Seven Star Markeets vs Seven Star Holdings), inflated age, and an undisclosed India based operation and ownership.
Withdrawals & conduct
9/10 · CriticalSystematic, current, multi user fund integrity denial pattern on Trustpilot passing all four pattern axes, with account numbers, amounts and dates and an exit scam mechanic (new deposits taken while withdrawals frozen); slight credit for past working withdrawals and company engagement keeps it off 10.
Reputation
8/10 · CriticalStrongly negative multi platform reputation plus a regulator warning and watchdog scam coverage, layered over a bimodal, largely invited five star padding pattern.
Website claims
8/10 · CriticalMaterial false and misleading claims: a 4.7 Trustpilot rating when the real score is 3.3, 20+ years against a 2008 domain and 2024 licence, a globally regulated boast on one offshore licence, and a company registration presented as a Saint Lucia license.
Operational history
6/10 · HighGenuinely long running brand (domain and content since 2008 to 2010), which is mitigating, but turbulent: it has hopped from a St. Vincent identity to Mauritius, Belize and Saint Lucia, the current licensed entity is only about two years old, and it is now in an active withdrawal crisis.
Who they are
A quick desk file on the company behind the brand.
Seven Star FX is an India focused, Mauritius licensed online forex and CFD broker trading on MetaTrader 5.
- Brand: Seven Star FX (SevenStarFX)
- Legal entity: Seven Star Markeets Limited (Mauritius, the licensed entity); related shells include Seven Star Holdings Limited (Belize) and a Saint Lucia registration; the site copyright reads SEVEN STAR FX LTD
- Registered: 5th Floor, The CORE, No.62 ICT Avenue, Cybercity, Ebene, Mauritius (matches the regulator's register)
- Website: www.sevenstarfx.com (live)
- Only real licence: FSC Mauritius Investment Dealer, Full Service Dealer excluding Underwriting (GB23202165), dated 13 May 2024
- Offers: MetaTrader 5 forex and CFDs (120+ instruments), copy trading, an introducing broker programme, a 20 USD no deposit bonus
- Not accepted: USA, UK, Mauritius, Japan, Canada, Brazil and several others
- Age claim: advertises 20+ years and since 2004; the domain was registered in 2008 and the licence issued in 2024
- Run from: India in practice (Indian clientele, deposits to an Indian bank in Surat, India based social accounts)
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Licences the broker publishes
Financial Services Commission (Mauritius)
Saint Lucia registration 2025-00545
Why we reached this verdict
How the evidence adds up.
We weighed a genuine offshore licence against strong, current evidence that clients are not getting their money back.
- The licence is real, and we confirmed it. The FSC Mauritius public register lists Seven Star Markeets Limited with an active Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 13 May 2024, at the same Ebene address shown on the site. So this is not a clone or a borrowed licence, and our records which marked it unregulated are out of date.
- But the conduct is what matters now. On Trustpilot (rated 3.3 across 445 reviews) the recent one star reviews describe the same failure again and again: a withdrawal requested, then unpaid for two to seven months, with support replying only that it is 'being processed'. These are specific and checkable, quoting account numbers such as 814482, 544424 and 582252, amounts such as 100, 148, 463 and 1,049 USD, and dates from April to October 2026. They come from many different users, and one states a formal complaint was filed with the FSC in Mauritius.
- It reads like a freeze in progress. An introducing broker of eight years standing posted that client money is stuck while the company keeps accepting new deposits, and others reference a 'token' and liquidity issues as the excuse. Taking new deposits while old withdrawals are frozen is the core of a withdrawal trap.
- There is a warned past. The UK FCA warned in January 2022 that Seven Star FX was unauthorised and targeting UK residents, listing a St. Vincent address. A watchdog separately documented a fake St. Vincent certificate whose number belongs to another company. The site has since dropped the UK and the St. Vincent claim and moved to Mauritius, but the brand and domain are unchanged, so that history carries.
- The marketing is inflated. The homepage claims a 4.7/5 Trustpilot rating when the real figure is 3.3, advertises 20+ years against a 2008 domain and a 2024 licence, and lists a Saint Lucia registration as a 'license'. The five star reviews cluster as short, often invited, one time praise, a classic padding pattern.
- Why not confirmed. Because a real, in force licence exists and some users report years of normal withdrawals before 2026, we stop short of calling this a confirmed scam. The evidence of current harm is serious but rests largely on user complaints, so a likely scam rating is the honest level.
Note on operating history: the 18.4-year track record rests on domain registration alone. No company incorporation date could be established, so this is an upper bound rather than a confirmed age.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Seven Star Markeets Limited holds an active SEC-2.1B Investment Dealer (Full Service Dealer excluding Underwriting) licence dated 13 May 2024, registered at The CORE, Ebene, Mauritius. Confirms the broker is genuinely offshore licensed and not a clone.
Hard proofFSC Mauritius Online Public RegisterE2The UK FCA published a warning (7 January 2022) that Seven Star FX is not authorised and is targeting people in the UK, listing a St. Vincent and the Grenadines address. Documented past unauthorised solicitation under the brand.
E3Trustpilot shows a 3.3 rating over 445 reviews with a run of specific, independent one star complaints from April to October 2026 describing withdrawals requested and not paid for two to seven months, quoting account numbers and amounts.
StrongTrustpilotE4The homepage advertises a 4.7/5 Trustpilot rating and 20+ years in the market; the real Trustpilot score is 3.3 and the regulated entity dates to 2024. A self published false and inflated claim.
StrongSeven Star FX websiteE5A compliance watchdog documented that the site previously displayed a St. Vincent certificate whose registration number (23895) belongs to a different company, and that the same number was used by a separate scam brand.
E6The current legal documents page lists a Saint Lucia License 2025-00545. Saint Lucia does not license forex brokers, so this is a company registration presented as a licence.
ModerateSeven Star FX websiteE7The domain sevenstarfx.com was registered in May 2008 and has served broker content continuously since 2010, so the brand is long running rather than a fresh clone on a recycled domain.
E8The address on the FSC register (The CORE, Ebene) matches the address on the broker's own site, so the Mauritius licence genuinely belongs to this operation; the clone test passes.
E9The five star reviews cluster as short, generic, often invited praise from one time Indian reviewers, producing a bimodal 82 percent five star and 7 percent one star shape typical of review padding.
ModerateTrustpilotE10An introducing broker of eight years standing and multiple clients report that new deposits are still accepted while existing withdrawals are frozen, with a token and liquidity issues cited as the reason, the hallmark of a withdrawal trap.
The other side
The strongest case in this broker’s favour.
In fairness, several points cut in the broker's favour and are why this is not rated a confirmed scam.
- The FSC Mauritius Investment Dealer licence is genuine and currently active on the regulator's own register, and the licensed entity's address matches the site. This is a real, supervised company, not a faceless clone.
- The brand is long established. The domain dates to 2008 and has served broker content continuously since 2010, so this is not a throwaway site spun up last month.
- There is real trading infrastructure: a registered MetaTrader 5 server and standard platform downloads.
- Some reviewers report years of smooth trading and withdrawals before 2026, and the company appears to be engaging with the current problem, including a reported meeting with its CEO.
- After the 2022 FCA warning the site stopped soliciting UK residents, which suggests some response to regulatory pressure rather than pure disregard.
What would change this
What we would need to see to revise the verdict.
Our rating would improve, or worsen, on concrete evidence.
- Toward safer: independent confirmation that withdrawals have resumed and the 2026 backlog has been cleared, sustained over several months across platforms; the FSC Mauritius confirming the licence remains in good standing with no enforcement; and removal of the false claims (the 4.7 Trustpilot figure, the 20+ years, the Saint Lucia 'license').
- Toward confirmed scam: an FSC Mauritius enforcement action or licence suspension; a credible, specific demand that clients pay a fee or tax to release their funds; or the site going dark with client balances unreturned.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
FSC Mauritius public register (search Seven Star)
Confirm the Investment Dealer licence of Seven Star Markeets Limited; the broker publishes no direct register link, so search the name.
UK FCA warning: Seven Star FX
FCA notice that the firm is not authorised and was targeting UK residents.
Trustpilot reviews
Read the 2026 withdrawal complaints and the real 3.3 rating.
Seven Star FX legal documents
The licence and registration documents the broker itself publishes.
Frequently asked questions
Quick answers about this broker’s safety.
Is Seven Star FX a scam?
We rate it a likely scam. It holds a real but low tier Mauritius licence, yet since early 2026 many clients report that withdrawal requests have gone unpaid for months while the company keeps taking new deposits. That withdrawal trap pattern is the main reason for the rating.
Is Seven Star FX a fraud?
Fraud is a criminal matter that only a court or regulator can decide, and we found no court finding of fraud against this operation. What is on record is factual: the UK FCA warned it was unauthorised, a watchdog documented a fake St. Vincent certificate, and many clients report deposits taken and withdrawals then refused in 2026. On that record we assess the risk of fraud as high.
Is Seven Star FX regulated?
Yes, but only lightly. Seven Star Markeets Limited holds an active FSC Mauritius Investment Dealer licence (Full Service Dealer excluding Underwriting), dated 13 May 2024, which we confirmed on the regulator's own register. Mauritius is a mid tier offshore regulator with limited investor protection, and a Mauritius licence does not cover most other countries.
Can I withdraw my money from Seven Star FX?
Many clients say they currently cannot. Through 2026 Trustpilot reviews describe withdrawals requested and then left pending for two to seven months, with support replying only that payment is being processed. Some older reviews report successful withdrawals, so the problem appears to have intensified in 2026.
Is my money safe with Seven Star FX?
We would not treat it as safe right now. The licence is offshore and weak, there is no strong compensation scheme behind it, and there is an active pattern of clients not being paid. The safest step is to avoid new deposits.
Who owns Seven Star FX and where is it based?
The licensed entity, Seven Star Markeets Limited, is registered in Mauritius at The CORE, Ebene. In practice the operation looks India based, with Indian clients, deposits to an Indian bank in Surat and India based social media. Individual owners are not clearly disclosed on the site, though complainants name a CEO.
How old is Seven Star FX really?
The brand is genuinely long running. Its domain was registered in 2008 and has shown broker content since 2010, so roughly fifteen to eighteen years. However, the current regulated entity only dates to 2024, so the 'since 2004' and '20+ years' claims overstate the history that can actually be verified.
What is the FSC Mauritius licence worth to me?
It is real and better than no licence, but it is low tier. Mauritius oversight is lighter than tier 1 regulators such as the FCA or ASIC, and it offers limited practical recourse if a broker stops paying. It is not a guarantee that you can get your money back.
Is Seven Star FX a clone of another company?
No. It holds its own licence in its own name, so it is not impersonating a regulated firm. The concern here is its own conduct, not a stolen identity, although in the past it did display a certificate using a registration number belonging to a different company.
Why did the UK FCA warn about Seven Star FX?
In January 2022 the FCA published a warning that Seven Star FX was providing financial services in the UK without authorisation and was targeting UK residents, listing a St. Vincent address. The site now excludes UK clients and relies on its Mauritius licence instead, but the warning remains part of its record.
What should I do if Seven Star FX will not pay my withdrawal?
Keep all evidence (tickets, emails, transaction IDs), put your demand in writing with a deadline, and file a complaint with the Financial Services Commission of Mauritius naming Seven Star Markeets Limited and licence GB23202165. Ask your bank or card provider about a chargeback, and ignore anyone offering paid fund recovery.
What should I check before depositing with any broker like this?
Confirm the licence on the regulator's own register, check that the entity and address match the website, read recent reviews specifically about withdrawals, and be cautious of inflated claims such as a stellar rating or decades of history that you cannot independently verify.
What we recommend
The practical takeaway from everything above.
Treat Seven Star FX as unsafe for new money until the withdrawal problems are demonstrably resolved.
- Do not deposit. New funds are exactly what a frozen withdrawal queue needs.
- If you already have money there, request a full withdrawal now, keep every ticket, email and transaction ID, and set deadlines in writing.
- File a complaint with the Financial Services Commission of Mauritius, naming Seven Star Markeets Limited and licence GB23202165, and ask your card issuer or bank about a chargeback or recall where possible.
- Be wary of anyone who contacts you offering to recover your funds for an upfront fee. That is a common follow up scam.
- For the platform: publish a prominent risk warning and treat this as active harm, since clients report they are still being invited to deposit while withdrawals stall.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed October 4, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.
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