GuruTrade7 stands as a distinguished and rapidly expanding brokerage firm, garnering accolades in the industry for six years. App-based trading platform for multiple assets. It offers to trade for forex & other assets. It offers services such as trading simulator, multicurrency trading account, trading order execution, and more. With an extensive clientele of over 20 million satisfied traders globally, GuruTrade7 offers a stellar trading experience marked by world-class services. GuruTrade7 is a reliable trading platform with the most popular financial market assets: currencies EUR/USD, GBP/USD and many others. The platform presents traders with a diverse selection of over 50 of the world’s most popular assets, providing ample opportunities for investment and growth. One of its key attractions is the accessibility it offers, with a minimum deposit requirement of just ₹100 and a minimum single trade amount of ₹20, enabling traders to engage in the markets with ease. The platform’s commitment to transparency is evident through its no hidden charges policy, ensuring a straightforward and cost-effective trading environment. Vishal Gupta is the founder of GuruTrade 7.
Moreover, GuruTrade7’s automatic withdrawal system, full extended hours of trading, global market access, user-friendly dashboard, premium services, and personalized trading advisory further enhance the trading experience, making it a preferred choice for traders seeking convenience, reliability, and professional support. However, it’s important to note that trading on GuruTrade7 carries inherent risks, and users are advised to assess their investment objectives, experience level, and risk tolerance before engaging in trading activities. Guru Trade7 Pro-Online Trading is an Android-based application developed by GuruTrade7, which has been an award-winning and rapidly rising internationally trusted broker in the business for the past five years. Provide an all-in-one self-directed investment platform with advanced and intelligent tools; to be a leader in the trading sector by providing innovative financial trading platforms and a client-centric organisation with a strong emphasis on providing long-term value to clients. You can deposit via e-wallet and bank transfer. Now we support Paytm e-wallet, UPI, Netbanking and banks including SBI, ICIC, and AXIS Bank. More payment methods will be available soon. GuruTrade7 is not Registered under SEBI. Alongwith that users must be aware of Information that the RBI has added QFX Markets, 2WinTrade, Guru Trade7 Limited, Bric Trade, Rubik Trade, Dream Trade, Mini Trade, and Trust Trade to the Alert List of unlicensed forex trading platforms.
About GuruTrade7
| Aspect | Description |
| Fund Security | Client funds are fully held in compliance with client money rules, protected in segregated client accounts. No proprietary trading is conducted. |
| Privacy Protection | Adherence to permissible data processing purposes, strict privacy policies, and secure data storage. No automated decision-making or profiling with personal data. |
| 24/7 Coverage | Operations, Security, and Engineering teams provide round-the-clock coverage for prompt response to market fluctuations and challenges. |
| Deposit & Withdrawal | Diverse range of deposit and withdrawal methods available, fast processing times (3 minutes for deposits, 20 minutes for withdrawals), and no fees. |
| Fees and Charges | Transparent and cost-effective trading service without hidden charges, mainly capital fees such as bid-ask prices. |
| Services | Real-time quotes, free beginners teaching, and market insights are provided as part of Guru Trade7’s offerings. |
| Trade Crypto CFDs | Participate in leading cryptocurrency markets through CFDs, offering tight spreads and rapid execution on cryptocurrencies like BTCUSD, ETHUSD, and LTCUSD. |
| Benefits | Gain exposure to crypto without risks, trade price action with crypto, access crypto CFDs on over 20 different assets, zero commission trading. |
| Pay Less, Trade More | Minimum $1 investment, no account maintenance fee, no hidden charges. |
| Latest Trading News & Analysis | Stay updated with the latest market news and adjust your investment strategy accordingly. |
| Premium Services | Access 24/7 multilingual trading experts for professional advice. |
| Trading Advisor | Personalized advisory service based on the investor’s portfolio. |
| minimum deposit amount | 100 |
| Processing time of deposit amount | 1 minute |
| Deposit fee | 0 |
| minimum withdrawal amount | ₹300 per time |
| Bank/Payment System Fee | 4% of withdrawal amount |
| Minimum Trading Amount for each trade | ₹20. |
Withdrawal Information
| Step | Details |
| Withdrawal Request | Submit a request in your Dashboard. |
| Process | Go to the “Withdrawal” section, select your bank, fill in the amount, and click “Send a request”. |
| Processing Time | 90% of requests processed within 24 hours or the next business day (non-working hours). |
| Maximum Withdrawal Period | Up to 5 business days, but efforts made to process requests quickly. |
| Support Contact in Case of Delays | Contact support with the withdrawal order ID if not credited within days. |
Pros of Guru Trade7
- User-friendly interface for traders of all levels.
- Seamless integration of new features in the upgraded version.
- Efficient and quick deposits and withdrawals for some users.
- Dedicated customer support to assist users.
- Positive feedback on the app’s visual appeal and layout.
- Availability of demo accounts for practicing trading strategies.
- Appreciation for the app’s responsiveness and fluidity.
Cons of Guru Trade7
- Delays and issues with deposit and withdrawal processing for some users.
- Complaints about losing money or not receiving expected profits.
- Concerns about the app’s reliability and manipulation of trading outcomes.
- Instances of complex interfaces causing confusion for beginners.
- Mixed feedback on the effectiveness of customer support in resolving issues.
- Complaints about the app crashing or not functioning properly during trades.
- Some users express skepticism about the fairness and transparency of the platform.
Potential Risks of GuruTrade 7
- Regulatory Compliance:
GuruTrade7 is not registered under SEBI (Securities and Exchange Board of India). This means that the platform may not adhere to the regulatory standards and protections provided by SEBI, exposing users to potential risks related to regulatory oversight and investor protection.
- Unlicensed Forex Trading Platforms:
The RBI has added GuruTrade7 to the Alert List of unlicensed forex trading platforms. This indicates that there may be concerns or red flags regarding the legitimacy or regulatory status of the platform, which could pose risks to users’ investments and financial transactions.
- Deposit and Withdrawal Issues:
While GuruTrade7 claims to offer fast processing times for deposits (1 minute) and withdrawals (20 minutes), there have been reports of delays and issues with deposit and withdrawal processing for some users. This can lead to frustration, inconvenience, and potential financial losses if users are unable to access their funds promptly.
- Financial Losses and Expected Profits:
Complaints about losing money or not receiving expected profits highlight the inherent risks of trading on the platform. Users should be aware that trading involves financial risks, and there is no guarantee of profits. Factors such as market volatility, investment decisions, and external events can impact trading outcomes.
- Reliability and Technical Issues:
Concerns about the app’s reliability, instances of the app crashing or not functioning properly during trades, and mixed feedback on the effectiveness of customer support raise concerns about the platform’s overall stability and technical performance. Technical issues can disrupt trading activities, leading to potential losses or missed opportunities.
- Fairness and Transparency:
Some users express skepticism about the fairness and transparency of the platform, including concerns about the manipulation of trading outcomes. Lack of transparency or perceived unfair practices can erode trust and confidence among users, affecting their willingness to engage in trading activities on the platform.
- Complexity for Beginners:
Instances of complex interfaces causing confusion for beginners suggest that the platform may not be user-friendly for all levels of traders. Difficulty in navigating the platform or understanding its features can hinder the trading experience and potentially lead to errors or unintended actions
Conclusion
In conclusion, GuruTrade7 presents itself as a distinguished brokerage firm with extensive services and features, including a diverse asset selection, user-friendly interface, and transparent fee structure. However, it’s important to note that there are significant risks associated with trading on this platform. These risks include regulatory compliance issues due to the lack of SEBI registration, concerns about being listed on the RBI Alert List for unlicensed forex trading platforms, potential delays and issues with deposits and withdrawals, as well as complaints about reliability, technical issues, and transparency concerns. Overall, while GuruTrade7 offers attractive benefits, its operations carry a notable level of risk that users should consider before engaging in trading activities.
