Data Controller

Seven Capitals Foreign Brokerage Limited Foreign Brokerage Limited: Registered Addresses- Headquarter: Level-6 Ken Lee Building, 20 Edith Cavell Street, Port Luis 11302, Mauritius. Marketing Office: 403, API World Tower, Sheikh Zayed Road, World Trade Center 1, Dubai UAE. P O Box 47425. We are authorized and regulated by the Financial Services Commission as An Investment Broker in Global Business with the License/registration No. GB 21026349.

Only speculate with money you can afford to lose

This Risk Warning is meant to help you understand the risks involved with the products and services offered by us; however, this Risk Warning cannot explain all risks involved. It can only serve as a general guide to the risks involved with trading our products and using our services, and you must determine for yourself if the risks involved are appropriate for your investment strategy and risk appetite.

Trading in derivative financial products involves high risks. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Prices may move rapidly against you, particularly during volatile market conditions. Certain Products, such as CFD on cryptocurrencies, are more volatile than others and may be even more susceptible to sharp and sudden movements in price.

You should not enter into CFD Margin Trades unless you fully understand the risks involved. When deciding whether to trade in such instruments you should be aware of the following:

01. CFD Trading may not be appropriate for you

Before you are able to open an account to trade a CFD or spread bet product, Seven Capitals Foreign Brokerage Limited will evaluate whether the product(s) and/or services you have chosen are appropriate for you,and to warn you if, on the basis of the information you provide to us, any product or service is not appropriate. Any decision to open an account and to use our products or services is yours. It is your responsibility to understand the risks involved with our products or services.

During our application process, our assessment process may include a questionnaire that focuses on previous experience and knowledge around the product and the risks involved in trading complex instruments. It is up to you to assess whether your financial resources are adequate for your financial activity with us and your risk appetite in the products and services you use.

02. We do not provide advice

Our services are provided on an execution only basis. We do not provide investment advice in relation to CFDs or spread bets. We sometimes provide factual information or research recommendations about a market, information about transaction procedures and information about the potential risks involved and how those risks may be minimized. Any information we provide to you, including any information provided by our client services team, is purely factual and does not take into account your personal circumstances. Any decision to use our products or services is made by you.

You are responsible for managing your tax and legal affairs including making any regulatory filings and payments and complying with applicable laws and regulations. We do not provide any regulatory, tax or legal advice. If you are in any doubt as to the tax treatment or liabilities of investment products available through your CFD or spread betting account, you should seek independent advice.

03. Trading off-exchange

When you trade with us, you will be entering into an off-exchange (also known as an over-the-counter, or OTC) derivative which is non-transferable. This means you will enter into trades directly with us and those trades must be closed with us. You will not be able to sell or transfer your trades to third parties. This can involve greater risk than investing in a financial instrument which is transferable, or dealing in an exchange-traded derivative, because your ability to open and close trades with us is dependent on our being in a position to accept orders from you and to execute them.

04. Margin

CFD Margin Trades involve leverage (also known as ‘gearing’ or ‘margining’), which means that the effects of small movements in Price are multiplied and may have large impacts on the value of your Positions, both in respect of profits made and losses incurred and the higher the leverage rate, the higher the risk involved. You can rapidly lose on a trade. Any market losses exceeding the Margin will be taken from your account. You may be called up on to deposit additional Margin at short notice to maintain your trade. We will revalue your open trades continuously during each trading day, and any profit or loss will be immediately reflected in your account. A loss may require you immediately to deposit additional funds in your account in order to maintain your open trades.

It is therefore important that you monitor your CFD Margin Trades closely and the rate of leverage utilized. A small movement in price may have a large impact on your CFD margin trades and account and may result in immediate account close-out.

05. Loss limits are not guaranteed

Making a stop loss order may limit your loss but this is not guaranteed. Your loss may be greater in some circumstances. Slip page (also called ‘gapping’) occurs when the market moves past the price at which you have set your stop loss order. This may occur because the underlying market has become unusually volatile. In such a circumstance we would close your open trade at or as quickly after the reopening of trading in that underlying market, i.e. at the next price available. Additionally, markets may also be extremely busy when the underlying market becomes volatile. This may result in your stop loss order being executed at a price below your stop loss order price in a rapidly falling underlying market.

06. Past performance

You should not assume that past performance bears any relation to potential future performance. There can be no certainty concerning the future performance of any underlying market or trades that you make. No representation can be made as to future performance.

07. Currency

If you trade in a market denominated in a currency other than your base currency, currency exchange fluctuations may impact your profits and losses.

08. Volatility

Movements in the price of underlying markets can be volatile. This will have a direct impact on your profits and losses. Knowing the volatility of an underlying market will help guide you as to where any Stops should be placed. It should be noted that volatility can be unexpected and unpredictable.

09. Out-of-hours markets

During the out-of-hours sessions on index markets, our quotations reflect our own view of the prospects for a market. This could include referring to price movements in other relevant markets which are open. Further more, business done by other clients may itself affect our quotations. There may be nothing against which to measure our quotation at these times.

10. Trading Suspension

At times, market conditions and the operation of the rules of certain markets (i.e. suspension of trades due to volatility, lack of liquidity in the under lying, and other reasons) may make trading riskier. This may lead, in extreme cases, to a change of the settlement of a contract.

We reserve the right to change settlement for contracts expiring on a given day if, on that day, trading is suspended.

11. Leverage or gearing

Leverage or gearing enables you to enter into trades with as mall deposit (also called margin) in terms of the overall contract value. However, this means a small movement in the under lying market can have a disproportionately dramatic effect on your trade.

Even a small movement in the underlying market may result in the loss of your entire margin amount. Therefore, it is imperative that you only speculate with money that you can afford to lose.

12. Contingent liability transactions

Where a trade is margined, we require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately.

Even if a trade is not margined, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered into the contract. Contingent liability transactions which are not traded on or under the rules of a recognized or designated investment exchange may expose you to substantially greater risks.

13. Spreads, commissions and costs

Before you begin to trade with us, you should obtain details of all commissions and other charges for which you will be liable. If any charges are not expressed in money terms (for example, as a bid offer spread), you should obtain a clear explanation of what such charges are likely to mean in specific money terms. In the case of futures, when commission is charged as a percentage, it will normally be as a percentage of the total contract value, and not simply as a percentage of your initial payment.

Depending on the type of trade you make and how long it lasts we may require you to pay financing costs. Also, if you trade in currencies different than your base currency, we may require you to convert those foreign currencies to your base currency. The aggregate of financing costs and foreign exchange costs may exceed any profits on your trade or increase the losses you may suffer on a trade.

14. Insolvency

The insolvency or default of any other brokers involved with your transaction, may lead to positions being liquidated or closed out without your consent. In certain circumstances, you may not get back the actual assets that you have invested, and you may have to accept any available payments in cash.

15. Regulatory and legal risk

The risk that a change in laws and regulations will materially impact a security and investments in a sector or market. A change in laws or regulations made by the government or a regulatory body can increase the costs of operating a business, reduce the attractiveness of investment and/or change the competitive land scape and as such alter the profit potential of an investment.

This risk is unpredictable and may vary from market to market. In emerging markets such risk may be higher than in more developed markets.

16. Tax risk

You take the risk that your trades and any related profits may be or become subject to tax. We do not represent or warrant that no tax or stamp duty (other than trading duty) will be payable. You will be responsible for all taxes and stamp duty in respect of your trades. does not provide any tax advice to clients, and you are responsible for your own tax affairs.

17. Your money

If you have been categorized as a retail client or we have otherwise agreed to treat you as a professional client, we will hold your money in trust in a segregated client money bank account separate from our money; however, this may not provide complete protection (for-example, in the insolvency of our bank). Your attention is also drawn to ‘Your Money’ section of our Customer Terms and Conditions.

18. System failure

Operational risks with Seven Capitals Foreign Brokerage Limited on your device are inherent in every CFD transaction. Disruptions in Seven Capitals Foreign Brokerage Limited’ operational processes such as phone systems, IT systems, networks or external events may lead to delays in the execution and settlement of a transaction.

The functions that enable you to access our Platform via mobile applications are not identical to the functions available to you when accessing our Platform via a desktop computer. This may limit the information that you are able to see at any time and adversely affect your ability to take quick and reliable actions on our Platform and to limit the related risks.

Seven Capitals Foreign Brokerage Limited accept or bear any liability whatsoever in relation to the operational processes of Seven Capitals Foreign Brokerage Limited, except to the extent that it is caused by the fraud or dishonesty by Seven Capitals Foreign Brokerage Limited.

Monitoring & Review

This policy along with all effective arrangements will be reviewed annually or whenever a material change occurs that affects the firm’s ability to continue to obtain the best possible result for our clients. On a regular and ongoing basis, Seven Capitals Foreign Brokerage Limited shall monitor the effectiveness of this policy and assess the quality of the best order execution and ensure we are providing the best possible result for our clients. Any deficiencies in our arrangements or within this policy will be corrected and clients will be notified of any material changes.

Execution Venue

Execution Venue means the firm directly executing the orders. In this instance Seven Capitals Foreign Brokerage Limited is the Execution Venue who is quoting prices which are provided to Seven Capitals Foreign Brokerage Limited by top tier global banks & non-bank liquidity providers in the wholesale foreign exchange markets.

Seven Capitals Foreign Brokerage Limited provides execution in trading and services for its Clients in Foreign Exchange and CFD Trading. Seven Capitals Foreign Brokerage Limited does not offer any advice and does not offer equity share trading in its CFD offerings. It is the decision of Seven Capitals Foreign Brokerage Limited as to what market it offers its clients and it does so, not as a broker but as a principle and counter-party to each trade.

As such, every market offered by Seven Capitals Foreign Brokerage Limited is quoted as a derivative of the underlying market and we are the only execution venue to which you have access.

Seven Capitals Foreign Brokerage Limited’ Strategy

  • Monitoring – Seven Capitals Foreign Brokerage Limited will monitor the effectiveness of its order execution arrangements, including this Order Execution Policy to identify and correct any deficiencies appropriate.

  • Review – We will review our order execution arrangements and this Order Execution Policy at least annually or whenever a material change occurs that affects our ability to obtain the best result for the execution of orders on a consistent basis using the venues included in this Order Execution Policy.

  • Consent – Seven Capitals Foreign Brokerage Limited is required to obtain your prior consent to our order execution policy. You will be deemed to provide such prior consent when you give us an order.

Execution Criteria

In order to determine the relative importance of these factors, Seven Capitals Foreign Brokerage Limited will take into account:

  • The characteristics of the client, i.e. whether the order is for a retail or professional client.

  • The characteristics of the client order.

  • Characteristics of the financial instruments involved

  • Characteristics of the execution venues being considered.

When executing an order, the best possible result is determined by the total consideration, i.e. the price of the investment and any associated costs, such as execution venue fees, clearing and settlement fees, and other third party fees.

Execution Factors

Seven Capitals Foreign Brokerage Limited is obliged to seek the best possible result for its client in relation to each trade requested. The best possible result however, may vary depending on the situation and this may not always equate to obtaining the best price or the lowest cost. Seven Capitals Foreign Brokerage Limited is therefore required to consider and assess the relative importance of the relevant ‘execution factors’ in respect of each class of financial instrument in which it trades.

  • Price – This is the price at which a transaction is executed. Where the price has varied across the transaction, the blended average price should be considered.

  • Cost – This includes explicit external costs such as exchange or clearing fees, as well as implicit costs such as spreads and slippage. This should be restricted to costs borne by the client and should not include the firm’s internal costs relating to trading.

  • Speed – This refers to the amount of time that elapses between the trade order and the successful execution of that trade.

  • Likelihood of execution and settlement – This refers to firm’s estimation of the probability that the trade order will be successfully completed either in whole or in part.

  • Size – For large orders or illiquid instruments only a partial fill may be received and this may vary between venues. Where the whole trade order is unlikely to be filled, the size of the potential fill will increase in importance.

  • Other Factors – While the above four factors are considered by Seven Capitals Foreign Brokerage Limited to be the most important in our best execution policy, there are many other situations which can arise leading to price variations.

Some markets which are quoted by Seven Capitals Foreign Brokerage Limited are done outside of normal market hours and as Order Execution Policy such are known as ‘grey markets’ in these situations, while every effort is made to keep prices and spreads consistent, this may not always be possible during particular volatile periods or during periods of illiquidity in corresponding markets.

Financing charges made by Seven Capitals Foreign Brokerage Limited are fair, competitive and transparent. These may include fees required to roll over open positions and shall be disclosed to you on our website and the trading platform.

There may be situations through third party introductions or through partnership deals with affiliated companies that a commission or other income generated from your trade is shared with third parties. In such circumstances this will be made abundantly clear to the client by the party concerned and this information is available on request.

The nature or other relevant considerations of the order – This is a broad category that covers any other factor not listed in the regulations that firms may wish to prioritize in order to achieve the best result for its clients. Examples of this may be the need to reduce the market impact of the trade. Where the client has attached instructions to the order, these should also be taken into consideration.

Not all of these criteria are relevant in each case or relevant to our business model. For example, Seven Capitals Foreign Brokerage Limited is the sole execution venue for trade executed by it for its clients.

What is Best Execution?

Seven Capitals Foreign Brokerage Limited is committed to ensuring that our clients are treated fairly and receive the best possible price when executing a trade. Best execution refers to our responsibility to take all enough steps to achieve the best possible result on a consistent basis when executing orders on our clients’ behalf. In practice there are a variety of factors that could be considered in order to achieve best execution. This document forms part of our terms of business. Therefore, by agreeing to our Terms and Conditions, you are agreeing to our Order Execution Policy.

Seven Capitals Foreign Brokerage Limited’ Best Execution Obligations

Seven Capitals Foreign Brokerage Limited’ provides leveraged (margin) trading, on an execution only basis for its client’s in Forex and CFD trading.

It is Seven Capitals Foreign Brokerage Limited’ decision as to what markets to offer its clients and we will deal with you as principle and counter-party to each trade, providing you with two-way price quotes. As such, every market offered by Seven Capitals Foreign Brokerage Limited is quoted as a derivative of the underlying market and we are the only execution venue to which you have access through us.

Seven Capitals Foreign Brokerage Limited acknowledges that if you are a Retail Client, you may rely upon us to provide or display bid and offer prices which are the best available prices for retail investors on a consistent basis.

Seven Capitals Foreign Brokerage Limited will act in accordance with the best interests of our clients when placing orders with other entities for execution.

Your Concerns

If you have any concerns about material that appears on our site, please contact at
By accessing the website and any pages linked thereto, I agree to be bound by the terms and conditions as described above.
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