Strifor

Introduction

7 Lucky Trading (Mauritius) Ltd, also known as Strifor, is one of the prominent Forex and CFD brokers in the world today. The companies offer hundreds of different trading instruments on a highly developed, fast and secure online trading platform. The broker has a strong focus on providing its customers with excellent service and reliable service from its regulators in Mauritius with offices all over the world.

Since forming over the last five years, 7 Lucky Trading (Mauritius) Ltd has built up an excellent reputation due to its commitment to being transparent and providing customer-focused service. In this article, you will learn about the trading conditions offered by 7 Lucky Trading (Mauritius) Ltd, such as the fee structure, trading platform experience, customer support, etc.

7 Lucky Trading (Mauritius) Ltd uses the Strifor trading software and its website can be accessed at https://strifor.org/. The company has been a part of the Forex and CFD brokerage space since about 2019-2020, and before that, it was believed that they may have started around 2015. 7 Lucky Trading is located on Suite 001, Ebene Junction Building, Rue de la Democratie, Ebene, 72201, in Mauritius.

There isn't really much information available about the founders of 7 Lucky Trading or how they got started, as most information has come from information available on the internet and some news articles; but, 7 Lucky Trading has made its name known through the acquisition of regulated licenses and recognition from various agencies. The continued growth of 7 Lucky Trading is indicative of their commitment to continually innovate and reposition their products and services. Overview of Key Features and Offerings

7 Lucky Trading (Mauritius) Ltd offers a variety of instruments such as Forex, Crypto-currencies, Stocks, Metal, Indexes, and Commodities via CFD’s (Contract For Difference). Using CFD’s also allows traders from different markets access to financial markets, and allows the trader to access a wide variety of financial instruments, while using just one platform.

In addition to the three accounts available at 7 Lucky Trading (Mauritius) Ltd, there is no public information on what the account names or details are (they don’t advertise them). However, there is an Islamic account for those that need to trade under Sharia law, and a demo account for traders who want to practice and get familiar with the platform, which can be used to help future trading.

The other unique feature of 7 Lucky Trading (Mauritius) Ltd is that they are a member of The Financial Commission, an independent dispute resolution body, which means there will be an additional layer of security and transparency added to clients. The other main feature is that the firm follows KYC (Know Your Customer) and AML (Anti-Money Laundering), and there are deposit limits that are determined by the level of the client’s verification level.

Instrument Types Available

Forex (Major and Minor Currency Pairs)

Cryptocurrencies (Bitcoin, Ethereum, etc.)

Stocks (Global Equities CFDs)

Metals (Gold, Silver)

Indexes (Major Global Indexes)

Commodities (Oil, Natural Gas, etc.)

When evaluating a broker, it is important to consider Regulation. 7 Lucky Trading (Mauritius) Ltd has an official license issued by the Mauritius Financial Services Commission (FSC). They operate under the Investment Dealer License Number GB23202670 (Full Service Dealer Excluding Underwriting).The Mauritius FSC is an offshore regulatory body that does not have as much oversight as the major global regulators, however, it does provide a formal regulatory framework for this license.

The company’s license with the FSC (Mauritius) has a related entity, Strifor SVG LLC, which is a member of The Financial Commission and therefore offers independent dispute resolution services to clients. This membership further adds to the credibility of the broker and their commitment to protecting clients.

The broker is regarded at times as “not regulated,” however this has been shown to be inaccurate as per documented licenses.

Regulator

License

Status

The Mauritius Financial Services Commission (FSC)

GB23202670

Active

The Financial Commission (Dispute Resolution)

Member (Strifor SVG LLC)

Active

Trading Conditions and Platform Technology

7 Lucky Trading (Mauritius) Ltd is providing great trading conditions that should appeal to a wide range of traders. The minimum deposit amount has been set at an exceptionally low amount of $0 which decreases the entry barrier for new traders and spreads are very tight starting from as low as 0 pips on currency pairs while some accounts have even lower spreads starting at 0.1 pips.

We do not provide explicit leverage information, however, we do provide commissions based on what type of account and instrument.

The broker uses MetaTrader Overview of Trading Attributes

Characteristics

Specifications

Lowest Investment

None

Spreads

0 Pip for Currency Pairs; 0.1 for Non-Currency Pair Accounts

Leverage

Not Defined

Trading Platform

MetaTrader 5 (PC/Web/Mobile)

Order Types

Pending orders, trailing stops

Commission Fees by Type of Asset

Asset

Commission for Static Account 1

Commission For Static Account 2

Currency Pair

$6.00

$13.00

Metals

$6.00

$13.00

Index Futures

0.003%

0.007%

Cryptos CFDs

0.35%

Not Disclosed

Commodities, Futures

0.009%

Not Disclosed

Shares

0.06%

Not Disclosed

Costs Associated with Trading

Limited information about the fees charged for trades, via 7 Lucky Trading (Mauritius) Ltd. The only fee type found is the deposit fee, and this fee is compensated through the use of bonuses, which has associated trade volume obligation and other requirements due to Anti-money Laundering (AML).

The lack of information from available documents does not provide clear details about the withdrawal fee, inactivity fee, and/or any other fees or charges associated with using the broker. It is recommended that traders contact the broker directly for a complete listing of possible fees.

Fee Type

Specification

Deposit Fees

Compensated as bonus (may have trade volume criteria); Limited withdrawal deposit; Based on AML requirements.

Withdrawal Fees

Not Specified

Inactivity Fees

Not Specified

Commissions

Variable based on instrument & account type (see Above; Commission Table)

Overall User Experience & Reputation in Market

A major plus to establishing trust with clients is that 7 Lucky Trading (Mauritius) Ltd has openly responded to all online complaints about them, creating a transparent image. The platform is user-friendly with great tools for new & more experienced traders (Example: MT5) giving you various ways to trade various instruments.

7 Lucky Trading (Mauritius) Ltd has some positives & negatives as far as reviews -- some of the things mentioned that are good are that they have many different trading instruments; very low minimum initial investment; they provide an Islamic account option; & they belong to The Financial Commission, however some negatives listed are about their questionable regulatory claims; their commissions are on the high side; their regional restrictions (U.S.A, Japan, & Canada cannot open accounts); and do not provide any clear information about leverage.

Reviews & Ratings of users are also low in this case & this is also normal for an offshore brokerage. Therefore, it is strongly suggested that traders do exhaustive due diligence before trading.

Recent Company News

In the last few months, 7 Lucky Trading (Mauritius) Ltd acquired their license from the FSC of Mauritius for conducting trades; this reinforces their compliance position versus their competitors. They also recently received numerous awards (i.e., "Best Forex Independent Brokerage" in India/Philippines; "Best CFD Brokerage" in Malaysia; "Best Overall Online Trading Platform" globally; and "Best Introducing Broker Programme") in the year 2024. These awards testify to 7 Lucky Trading's growing market share and commitment to service excellence. In addition to this, 7 Lucky Trading remains committed to maintaining compliance with AML, and their plan to verify clients with the appropriate level of due diligence is primarily directed at addressing the demands of increased global regulations.

Conclusion

In summary, 7 Lucky Trading (Mauritius) Ltd offers traders a competitive environment to trade Forex and CFDs, with a solid trading platform and a diverse range of trading instruments to choose from. The broker’s license from the FSC of Mauritius and membership in The Financial Commission offer some assurance of regulation and customer protection; however, being an offshore broker limits their regulatory assurance.

Although some information regarding fees is limited and unclear such as leverage, the recent awards and ongoing compliance efforts indicate that the broker is moving forward in a positive direction. Traders interested in trading with 7 Lucky Trading should weigh the positives related to their very low entry barriers and the capabilities of their trading platform against the risks associated with the offshore regulatory environment and limited public reviews.