7Q Financial Services Ltd review.

Overview

7Q Financial Services Ltd is a Cyprus Investment Firm, company number HE 109709, authorised by the Cyprus Securities and Exchange Commission under licence 061/05 since 4 November 2005. [CySEC] It is one of the oldest licences on the CySEC register still held by its original number holder, and the company behind it was registered in Cyprus on 14 March 2000. The register also records a previous name, XS Capital Securities and Financial Services Ltd. [CySEC]

The most important thing to establish is what the licence lets this firm do, because it is not what a reader arriving from a CFD comparison table expects. CySEC authorises 7QFS for exactly three investment services: reception and transmission of orders, portfolio management, and the provision of investment advice. [CySEC] Execution of orders on behalf of clients is not on the list. Dealing on own account is not on the list. A firm cannot run a CFD book without dealing on own account, and 7QFS is not permitted to. This is not a retail CFD broker, and on the evidence we gathered it has never presented itself as one.

What it is, in its own words on its own homepage, is a boutique manager: “We are a boutique Investment Firm specializing in asset management services to Organizations, Investment Funds, Pension Funds, Provident Funds, Insurance Companies and High Net Worth Individuals.” The page title describes the firm with the phrase “Institutional Asset Management”. The four services listed are Investment Management, Investment Advisory, Execution & Custody, and fund structuring work for AIF managers. There is no trading platform, no account tier table, no spread page, no leverage figure and no deposit minimum anywhere on the site or in the legal documents we read.

The domain is regulator published rather than taken from marketing. CySEC’s own List of Approved Domains carries one entry for this firm, number 5 on the table: 7Q Financial Services Ltd, www.7qfs.com. [CySEC] We then loaded it. The site names the same company, quotes licence 061/05 in the footer, and gives the address 9 Archiepiskopou Makariou III Avenue, Severis Building, 3rd Floor, 1065 Nicosia, which is character for character the address on the register entry. [CySEC] The domain and the entity match.

We fetched www.7qfs.com from eleven countries on 28 July 2026 through Bright Data Web Unlocker, appearing in Indonesia, Thailand, Vietnam, Azerbaijan, Singapore, Japan, India, the United Arab Emirates, South Africa, the United Kingdom and Germany. All eleven returned HTTP 200. All eleven were served the same page by the same legal entity naming the same regulator, with a stripped text length of 8,182 characters in ten of them and 8,173 in Japan. One entity, one licence, no regional variant, no offshore arm and no second brand. That is the opposite of what this catalogue usually finds.

Scale matters here and the firm publishes it. Its own IFR public disclosures report for 2025 shows total assets of EUR 1,772,000, own funds of EUR 1,175,000, cash and equivalents of EUR 38,000, and a remuneration table covering eleven people. Everything below is written on the basis that this is a very small Nicosia asset manager, not a trading venue.

Overview Table

Facts List

• CySEC licence 061/05, dated 4 November 2005, current on the Cypriot Investment Firms register on 28 July 2026 [CySEC]
• Cyprus company number HE 109709, registered 14 March 2000; LEI 254900BGKB377HDURN37
• Previous name on the register: XS Capital Securities and Financial Services Ltd [CySEC]
• Authorised for reception and transmission of orders, portfolio management and investment advice, and not for execution of orders on behalf of clients or dealing on own account [CySEC]
• Ancillary permissions: safekeeping and administration of financial instruments including custodianship, and foreign exchange services connected to investment services [CySEC]
• One approved domain, www.7qfs.com, entry 5 on CySEC’s published table [CySEC]
• Own funds EUR 1,175,000 against a requirement of EUR 750,000, an own funds ratio of 156.67%
• The permanent minimum capital requirement is EUR 750,000 rather than EUR 150,000 because the firm acts as depositary to regulated Alternative Investment Funds
• Eleven staff in 2025, total remuneration EUR 314,465, of which EUR 16,471 variable
• Client orders handled and daily trading flow in derivatives both scored EUR 0 in the 2025 K factor table
• FCA reference 580831 reads No longer authorised, effective 31 December 2020, and is claimed nowhere on the site
• Wholly owned by 7Q Investment Group Ltd, HE 261726, alongside AIFM 7Q Asset Management Limited

Key Takeaways

• This is not a CFD broker and does not claim to be one. CySEC licence 061/05 covers reception and transmission of orders, portfolio management and investment advice. It does not cover execution of orders on behalf of clients, and it does not cover dealing on own account, which is the permission a CFD book requires. [CySEC]
• The regulator published the domain and the site matched it. CySEC’s List of Approved Domains gives www.7qfs.com for 7Q Financial Services Ltd. We loaded it and found the same entity, the same licence number and the same Nicosia address as the register entry. [CySEC]
• One entity in eleven countries. Indonesia, Thailand, Vietnam, Azerbaijan, Singapore, Japan, India, the UAE, South Africa, the UK and Germany were all served the same page with the same CySEC reference and no regional variant.
• Retail clients are not excluded, despite the institutional marketing. The Client Categorisation Policy dated December 2025 keeps all three MiFID categories, and the retail protections it describes are the full ones, including ICF cover to EUR 20,000.
• It is genuinely small. Total assets EUR 1,772,000, own funds EUR 1,175,000, cash EUR 38,000, eleven staff. Capital sits at 156.67% of requirement, so it is comfortably above the line, but the line itself is low.
• The website’s legal corner is stale. The Terms of Use page still gives a Nicosia address the firm has left, and its footer links to a Pillar 3 file and RTS 28 reports for 2017 and 2018. All three links return 404.
• The complaints email address does not belong to this firm. The Client Complaint Handling Policy dated May 2024 gives [email protected]. That domain is fqfs.com, not 7qfs.com, and it currently redirects to a Dynadot for sale page.
• No country restrictions are published anywhere. Not in the terms, not in the policies, not in any footer we fetched from eleven countries. We are not going to invent a list this firm does not publish.

Licenses & Regulation

We searched by brand, by the corporate name on the register, and by the previous name the register records, then checked each against the registers we can actually query.

Regulatory Licences

What the CySEC record actually says

The entry gives licence 061/05 dated 4 November 2005, company registration number 109709, the address 9 Archiepiskopou Makariou III Avenue, Severis Building, 3rd Floor, 1065 Nicosia, telephone +357 22 763 344, fax +357 22 763 355 and the address [email protected]. [CySEC] It records a previous name, XS Capital Securities and Financial Services Ltd, and one approved domain, www.7qfs.com. [CySEC]

The permissions are the story. Three investment services are authorised, each across financial instrument classes 1 to 10: reception and transmission of orders, portfolio management, and provision of investment advice. Two ancillary services are authorised: safekeeping and administration of financial instruments including custodianship, and foreign exchange services connected to the provision of investment services. [CySEC] The firm’s own 2025 disclosures report reproduces the same list unchanged.

Read what is absent. There is no permission for execution of orders on behalf of clients. There is no permission for dealing on own account. There is no underwriting permission and no permission to operate an MTF or OTF. A retail CFD operation needs to deal on own account, because the firm is the counterparty to every position. 7QFS cannot be, and its own filings say so in numbers rather than words: in the 2025 K factor table, client orders handled for derivative trades scored EUR 0, and daily trading flow for derivative trades scored EUR 0. Both are direct measures of derivative order flow. Both are zero.

Financial contracts for differences do appear on the licence, as instrument class 9 of the ten the firm may advise on and manage. That is a permitted instrument class, not a product on sale. The distinction matters and it is the one a reader arriving from a CFD list needs.

What each country is served

Eleven countries, one fingerprint. We compared the Indonesian and German bodies directly and found the same licence reference, the same Nicosia address, the same four service descriptions and the same team page in both. There is no country selector, no redirect, no geo block and no second entity. On the evidence we gathered, a visitor in Jakarta and a visitor in Frankfurt see the same Cyprus company under the same licence. Note also what is missing everywhere: no FCA badge, no ASIC badge, no Seychelles, Mauritius or Vanuatu licence number, and no second brand.

The lapsed FCA reference

Searching the FCA register for the brand returns one match: 7Q Financial Services Ltd, FRN 580831, business type Services (UK) of an Overseas Firm, status No longer authorised, effective 31 December 2020. That date is the end of the Brexit transition period, so this is an expired EEA passport rather than a withdrawn UK authorisation. The register returned no clone entries and no unauthorised firm trading on this name, and a search for the previous name XS Capital Securities returned nothing at all. The firm does not claim FCA regulation anywhere we looked.

Capital, and why the threshold is unusually high

The 2025 public disclosures report, dated April 2026 and prepared by the Risk Manager for the Board, classifies 7QFS as a Class 2 investment firm under the Investment Firms Regulation (EU) 2019/2033. Its own funds requirement is EUR 750,000, and the report explains why that is five times the usual figure for a firm without dealing permissions: “It noted that 7QFS acts as a depositary to a number of regulated Alternative Investment Fund (AIFs). As such, the Company is required to comply with the initial capital requirement stipulated by Article 23 (3) (ii) of the AIFM Law (Law 157 (I)/2021).”

The figures are drawn from unaudited statements, which the report states plainly, and the report itself is to be verified by the external auditors with a copy filed at CySEC within five months of the year end. The firm was profitable in the year, by EUR 169,000.

The group above it

7QFS is a wholly owned subsidiary of 7Q Investment Group Ltd, HE 261726, a Cyprus holding company incorporated on 1 February 2010. The group’s own disclosures name three subsidiaries: 7Q Financial Services Limited at 100%, the CIF; 7Q Asset Management Limited at 100%, HE 401803, an Alternative Investment Fund Manager authorised on 16 December 2019 under licence AIFM36/56/2013; and 7Q Invest AIF V.C.I.C. Plc. 7Q Asset Management is listed as manager of sixteen named funds, of which four are recorded as dissolved or in liquidation. On a consolidated basis the group reports own funds of EUR 2,717,000, total assets of EUR 3,724,000 and an own funds ratio of 310.57%. Every entity in the structure is Cypriot. We found no offshore arm.

What we checked and what we could not

Checked and found: the CySEC Cypriot Investment Firms register entry, the CySEC List of Approved Domains, and the FCA register including clone entries. Checked and clean: the CySEC Former Investment Firms (Cypriot) register, which holds 143 entries and does not list this company, and the CySEC List of Non Approved Domains, which carries no entry for 7qfs.com or for any near variant of it. [CySEC]

Not checked properly, and said so rather than implied: CySEC’s administrative sanctions archive. It is published only in Greek and paginated by year, and we did not work through it year by year, so we make no claim in either direction about this firm’s sanctions history over twenty years. We also did not obtain the audited 2025 financial statements, only the unaudited figures in the disclosures report, and we did not find any tied agent recorded against this entry.

How to Trade

There is nothing for a reader to trade here, and that is a statement about the licence rather than about the website. 7QFS may receive and transmit your orders, manage a portfolio on your behalf, or advise you. It may not execute your orders itself and it may not take the other side of them. [CySEC] So the honest description of “how to trade” at this firm is: you do not, someone else does it for you or you instruct them to pass it on.

Where orders actually go

The Best Execution and Order Handling Policy, part of a Company Policies document dated December 2025, is direct about the mechanics: “The Company will generally place or transmit orders on behalf of its Clients via third-party Brokers and Counterparties/ Intermediaries for execution.” Broker selection runs on a documented due diligence test covering the financial soundness of the counterparty, its access to venues, and the reliability of its execution and settlement.

The policy publishes an indicative list of the venues 7QFS relies on, either as a member or through another entity. It is an exchange list, and it is worth reading against the CFD assumption:

Eighteen regulated exchanges, and not one over the counter CFD venue among them. That list is the clearest single piece of evidence about what this firm does with a client order.

Best execution, and where it stops applying

For retail clients the policy ranks total consideration first, then speed of execution, then the characteristics of the order and instrument, then correctness of execution. For professional clients the firm states that total consideration is also the dominant factor, while noting that likelihood of execution and market impact take over in illiquid securities. Best execution does not apply at all where the client is an eligible counterparty, where the client gives a specific instruction, or where the client posts an order through a direct electronic access system.

Two exclusions deserve flagging. Where a client uses an online trading system and deals at the prices displayed, the policy states the client “is responsible for achieving his own Best Execution”. And on over the counter dealing, the policy states that prior express consent is required, then removes the need to ask for it each time: “Upon signing the Investment Services Agreement with the Company, the Client will be deemed to have expressly given his consent to the Company for the execution of orders in financial instruments outside Regulated Market or MTF or OTF such as in OTC.” Blanket consent given at onboarding is common practice across MiFID firms, and it is still worth knowing you gave it.

The execution report that is not there

The same policy commits the firm to publishing an execution quality statement: the top five entities by trading volume to which it transmitted client orders in the preceding year, with information on the quality of execution obtained, and it states that this is “posted on the Company’s website”. We went looking for it. The only links to it anywhere on 7qfs.com are on the Terms of Use page, they point at files named for 2017 and 2018, and both return HTTP 404, as does the older Pillar 3 file linked beside them. The current homepage footer does not link to an execution report at all.

We are not going to claim the firm is in breach of a live obligation, because the EU reporting regime around these reports has moved since 2018 and we did not verify its current status. What we can say is narrower and still useful: a policy approved in December 2025 tells clients the statement is on the website, and it is not, and the only links to it are eight years stale and broken.

A live mandate, for scale

One order flow is visible in public filings. 7Q Financial Services Limited was appointed on 17 December 2025 as investment manager, company secretary and financial officer of a Cyprus Stock Exchange listed company then called LCP Holdings and Investments Public Ltd, replacing CISCO in those roles. That company renamed itself 7Q Investments Public Ltd on 17 April 2026. Its 2025 accounts show total assets of EUR 4,292,528 and a loss for the year of EUR 130,862, against a profit of EUR 1,032,237 in 2024, and describe the new manager as building a portfolio intended to return the company to sustained profitability. That is the shape of the business: discretionary mandates for institutions, not tickets from retail traders.

Account Types

7QFS publishes no account types. There is no tier table, no minimum deposit, no leverage band and no spread column anywhere on 7qfs.com or in the legal documents we read. That is not an omission. A discretionary manager does not sell accounts, it takes mandates, and the structure that replaces the account tier here is the MiFID client category.

The three categories, and what each one costs you

The Client Categorisation Policy, dated December 2025, states that “7Q Financial Services Ltd has categorised its clients as: a) Retail Clients, b) Professional Clients and c) Eligible Counterparties”. Note what that sentence does not say. Several small CySEC licensees we have reviewed restrict themselves to professionals in terms. This one does not. Despite homepage copy aimed squarely at pension funds, provident funds and high net worth individuals, the retail category is retained in full and the retail protections described are the standard ones.

The elective professional route is the one to watch at any firm, because it is where investor compensation quietly disappears. 7QFS sets it out correctly and applies the standard thresholds, so there is nothing unusual to report, only something to be aware of before signing. Categorisation is reassessed “at least annually, or when market conditions and/or client preferences, objectives and other characteristics indicate that a more frequent assessment is required”.

What we could not establish

We found no published minimum portfolio size, no management fee, no performance fee, no custody fee schedule and no advisory retainer. None of those figures appear in any document on the site. We are recording that as unknown rather than guessing at it, and a reader who needs the number will have to ask for it before signing anything.

Negative Balance Protection

Negative balance protection is a rule about leveraged retail derivative positions closing at worse than zero. It applies to CFD providers. 7QFS is not one, so the question does not arise here in the form the section title implies, and inventing an answer would be worse than saying so.

The underlying reason is the licence. CySEC has not authorised this firm to deal on own account, so there is no in house book for a client position to go negative against, and the firm’s own 2025 K factor table records EUR 0 for both client orders handled in derivative trades and daily trading flow in derivative trades. [CySEC] There is no margin schedule, no stop out level and no liquidation policy published anywhere on the site, because there is nothing to publish them for.

The nearest equivalent protections, which do exist

The risk a client here carries is not a blown out leveraged position. It is market risk on a managed portfolio, counterparty risk at the third party brokers the firm transmits orders to, and the ordinary risk of a EUR 1.8 million firm holding your assets in custody. The EUR 20,000 ICF ceiling is the number that matters, and for an institutional or high net worth mandate it will be a rounding error against the sums involved. Professional and elective professional clients get nothing from the ICF at all.

Trading Instruments

7QFS publishes no instrument count, no product list and no market pages. What it publishes instead is a permission set and a venue list, and between them they describe the investable universe more precisely than a marketing number would.

The ten instrument classes on the licence

CySEC authorises all three of the firm’s investment services across financial instrument classes 1 to 10. [CySEC] The 2025 disclosures report reproduces them in full:

1. Transferable securities
2. Money market instruments
3. Units in collective investment undertakings
4. Options, futures, swaps, forward rate agreements and other derivatives on securities, currencies, interest rates or yields, financial indices or measures, cash or physically settled
5. Commodity derivatives that must or may be cash settled
6. Physically settled commodity derivatives traded on a regulated market, MTF or OTF
7. Other physically settled commodity derivatives with the characteristics of financial instruments
8. Derivative instruments for the transfer of credit risk
9. Financial contracts for differences
10. Derivatives on climatic variables, freight rates, inflation rates and other official economic statistics

Class 9 is there, and it is the one that will have put this firm on a CFD list in the first place. It permits the firm to advise on and manage contracts for differences. It does not permit the firm to make a market in them, and the firm’s own derivative order flow measures for 2025 both read EUR 0. A permission is not a product.

What it actually trades

The venue list in the Best Execution Policy is the practical answer: eleven cash equity exchanges from Athens and Nicosia through New York, Frankfurt, London, Euronext, Istanbul, Tokyo and Hong Kong, plus seven derivatives exchanges including EUREX, CME, CBOT, NYMEX, NYBOT, Euronext LIFFE and the Athens derivatives market. The firm describes its own coverage on the homepage as “execution and custody in global equity and fixed income markets, including Cyprus through an extensive counterparty network”.

Its strategy language is asset allocation language rather than trading language. The homepage sets out a five part approach built on risk balanced returns, global diversification, a systematic process using proprietary models, momentum strategies and opportunistic positioning, and describes “tailor-made, actively managed, single and multi-asset class solutions”. The fourth service line, fund structuring, covers advising AIF managers and promoters on establishment, fund administration and regulatory compliance, with portfolio and risk management performed under AIFMD.

Its own balance sheet holds securities too

Worth noting because it is the largest single risk on the firm’s own books. Of the EUR 229,000 K factor requirement for 2025, EUR 177,000 is net position risk, and the balance sheet carries EUR 571,000 of financial instruments held through other comprehensive income. Assets under management contribute only EUR 8,000 of K factor charge. In capital terms, this firm’s own portfolio is a larger risk than its clients’ portfolios are.

What we could not establish: the size of client assets under management, the number of client mandates, and any breakdown of what the managed portfolios hold. None of it is published, and the firm is below the EUR 100 million on and off balance sheet threshold that would have triggered mandatory investment policy disclosures under Article 52 of the IFR, which it says explicitly.

Education & Analysis

There is no education section, no market analysis feed, no webinar programme, no economic calendar, no charting package and no research library on 7qfs.com. The site is a single scrolling page with six anchors, About Us, Principles, Approach, Services, Team and Contact, plus a Terms of Use page. A reader looking for the usual broker education stack will find none of it, and should not expect to: the firm sells the analysis rather than publishing it.

What the firm does publish about its method

The investment approach is described in five parts on the homepage: risk balanced returns weighing rewarded against unrewarded risks, global diversification across asset classes, a systematic process using “proprietary models that determine investment decisions in a logical and automated manner”, momentum strategies described as a proprietary quantitative approach, and opportunistic strategies across the economic cycle. The stated aim is “steady returns in most market environments, with limited volatility and lower expected drawdowns”. No track record, no performance figures and no back test accompany any of it, and we found none published anywhere.

The document library, which is the real research output

The live half of that library is unusually good for a firm this size, and it is where every substantive number in this review came from. The dead half is the older legal corner of the site, and it is discussed in the How to Trade and Customer Support sections. The Sustainability Disclosures state that the firm considers ESG factors when advising clients only where the client has expressed sustainability preferences, as required under Commission Delegated Regulation (EU) 2017/565.

One tool is visible and we could not assess it. The Client Login in the site header points to wealth.prosperus.app, which returned a page titled “iHub Wealth” to our fetch from Indonesia and nothing else readable. It is a third party wealth reporting portal rather than a trading terminal, and we could not see behind the login, so we make no claim about what it shows a client.

Special Offers

None, and the absence is structural rather than an oversight. There is no bonus, no deposit match, no rebate, no cashback, no referral programme, no contest and no partner or introducing broker scheme anywhere on 7qfs.com or in the legal documents. There is no signup call to action at all. The only interactive element on the entire site is a contact form asking for name, email, phone, subject and message, with a checkbox confirming how the data will be stored.

Under MiFID II, a Cyprus Investment Firm may not offer trading incentives to retail clients, so a CFD style promotion would be unlawful for this firm even if it wanted one. What is worth recording instead is what the firm says about the payments it does and does not accept, because inducements are the real version of this question at an advisory business.

Inducements and independence

Those clauses are boilerplate in the sense that most MiFID firms carry a version of them. They are still the right clauses to have, and the independence commitment is doing real work at a firm whose sister company manages sixteen alternative investment funds and whose founder sits on the board of a listed company it also manages.

We did not obtain the Conflicts of Interest Policy’s appendices in detail and we did not see any disclosed inducement, so we make no claim about whether payments of that kind were received. The policy commitments above are what the firm publishes; what it actually received in 2025 is not disclosed at this level.

Opening an Account

There is no online application. No sign up button, no registration form, no document upload portal and no funding page exists on 7qfs.com. Onboarding here is a conversation followed by an Investment Services Agreement, which is the shape of it at any discretionary manager, and it means the reader cannot self serve their way into this firm the way they can at a CFD broker.

The route in, as far as it is published

1. Contact. The only inbound channel on the site is the contact form and the published address [email protected], plus five named individuals with direct addresses on the team section.
2. Categorisation. Before services begin the firm assigns a MiFID category, retail, professional or eligible counterparty, “based on the information it has about them”.
3. Appropriateness or suitability. For services other than investment advice or discretionary portfolio management, retail clients are asked for information on knowledge and experience, and warned if the product is judged inappropriate. For advice and discretionary management the higher suitability standard applies instead.
4. Investment Services Agreement. Signing it also constitutes express consent to execution outside a regulated market, MTF or OTF, which is worth reading before you sign it rather than after.
5. Annual review. Categorisation is reassessed at least annually.

Who is turned away

Two exclusions are stated in the 2025 disclosures report rather than in a marketing page, which makes them more reliable than the usual version of this list. The firm states that “The Company does not service any Politically Exposed Persons” and, in its assessment of the Ukraine sanctions regime, that “the Company does not have any Russian clients”. It also notes that a significant proportion of its fee income comes from provident funds of regulated institutions, where contributions derive from declared employee benefits, and cites that as a compliance risk mitigant.

Beyond those two statements we found no eligibility criteria, no minimum portfolio size, no residency rules and no country screening published anywhere. We could not test the onboarding flow, because there is no flow to test.

Timescale, and what we could not check

No account opening time is published, and given that onboarding runs through a negotiated agreement rather than a form, any number we invented would be meaningless. The same applies to documentation requirements: standard MiFID and AML identification will apply, but the firm does not publish its checklist, so we are not going to reproduce a generic one and present it as this firm’s. Nor could we see what happens after onboarding, because the client portal at wealth.prosperus.app sits behind a login.

Deposits & Withdrawals

This is the largest single gap in what 7QFS publishes, and the honest summary is that a prospective client cannot learn anything about money movement from the public site. There is no funding page, no payment methods list, no bank detail, no currency list, no minimum or maximum, no processing time, no withdrawal fee schedule and no inactivity fee anywhere on 7qfs.com or in the policy documents we read. For a discretionary manager taking institutional mandates that is unremarkable, since terms are negotiated in the agreement. For anyone comparing it against a retail broker it is a wall.

What the filings do tell us about client money

The regulatory return is more informative than the website. Client money and client assets both generate K factor charges, and the 2025 figures give their relative scale:

Custody is a licensed permission here, not an outsourced afterthought: CySEC authorises safekeeping and administration of financial instruments including custodianship as an ancillary service, and the firm acts as depositary to regulated Alternative Investment Funds, which is precisely why its permanent minimum capital sits at EUR 750,000 rather than EUR 150,000. [CySEC] It also appears as portfolio custodian in the published accounts of the listed company it manages.

The firm’s own liquidity, which is a fairer thing to look at

Since there is no withdrawal record to examine, the nearest available check is whether the firm could meet its own obligations. At 31 December 2025 it reported a liquidity requirement of EUR 45,000 against total liquid assets of EUR 217,000, made up of EUR 54,000 of unencumbered short term deposits and EUR 163,000 of eligible receivables due within thirty days. It held no Level 1, Level 2A or Level 2B assets at all. Cash and cash equivalents on the balance sheet were EUR 38,000, against a EUR 20,000 bank overdraft. Those are small absolute numbers, and they are above the regulatory line rather than below it.

What we could not verify

We found no fee schedule of any kind, no deposit or withdrawal mechanics, no named client money bank, and no user reports of a withdrawal being delayed or refused. The last of those cuts both ways: we have no evidence of a problem, and we also have no evidence of the process working, because a firm with eleven staff and an institutional client list does not generate the public record a retail broker does. We are recording this as unknown rather than filling it in.

Customer Support

Support at 7QFS is one office in Nicosia and a small number of named people, which is exactly what an eleven person firm can offer. There is no live chat, no ticket system, no support hours, no published language list and no second location. What there is instead is unusually direct access to identified individuals, and that is worth more at this kind of firm than a 24 hour chat widget would be.

Published channels

Publishing five named senior staff with role descriptions and direct addresses is more accountability than most brokers in this catalogue offer, and it is the single best thing about how this firm handles contact. Set against it: no hours are stated anywhere, the office is in one timezone, and every one of the eleven countries we fetched from was served English with no language switcher. A client in Jakarta or Johannesburg is dealing with Cyprus business hours whether or not the site says so.

The complaints process, which is properly specified

The Client Complaint Handling Policy, dated May 2024, sets out timeframes that are concrete and checkable. An acknowledgement letter must go out within 5 business days, carrying a unique reference number, the name of the person handling the complaint and an expected timeframe. A written decision is owed within two months, extendable only with an explanation and never beyond three months from submission. Complaints are logged centrally and kept for seven years, and where the client demands compensation or the investigation reveals serious omissions, the matter goes to the Board. If the client is unsatisfied they may go to CySEC, the Financial Ombudsman, an alternative dispute resolution mechanism, or the courts.

The problem with that process

The policy lists four ways to submit a complaint: by letter to the Nicosia address, by telephone, by fax, and by email. The email address it gives is [email protected]. That is fqfs.com, not 7qfs.com.

We checked what fqfs.com is. It is a separate registered domain that resolves to 54.215.31.113 and redirects to a Dynadot for sale listing, and it publishes no MX record at all, while 7qfs.com publishes working mail exchangers at mx1-eu1.ppe-hosted.com and mx2-eu1.ppe-hosted.com. It is not on CySEC’s approved domain list for this firm, which carries only 7qfs.com. [CySEC]

Read plainly: the only email address a client is given for making a formal complaint belongs to a domain this firm does not control and which is currently for sale. It is very obviously a typo for [email protected], it has been sitting in a published policy since May 2024, and the same document has the correct www.7qfs.com printed on its own cover page. It is a small error with an outsized consequence, because the complaint is the one message a client most needs to arrive.

The other stale corner

The Terms of Use page gives the company’s headquarters as “Kennedy Business Center, 12 -14 Kennedy Avenue, Suite 402, 1087 Nicosia, Cyprus”, which is not the address on the register, the homepage or the 2025 report. [CySEC] The same page states “The Company does not use cookies”, while the homepage loads a cookie consent library. Its footer links to a Pillar 3 file and RTS 28 reports for 2017 and 2018, all three of which return 404. None of that is dangerous on its own. Together it says the legal pages have not been reviewed in some years, at a firm whose main disclosures are otherwise current and detailed.

Prohibited Countries

7Q Financial Services Ltd publishes no list of prohibited or restricted countries. Not in the Terms of Use, not in the Company Policies, not in the complaints policy, not in the disclosures reports, and not in any footer served to any of the eleven countries we fetched from. We looked for one and it is not there, and we are not going to manufacture the list this section usually contains.

What we actually fetched

On 28 July 2026 we loaded www.7qfs.com through Bright Data Web Unlocker appearing in Indonesia, Thailand, Vietnam, Azerbaijan, Singapore, Japan, India, the United Arab Emirates, South Africa, the United Kingdom and Germany. Every one returned HTTP 200 with the full site. Ten returned 8,182 characters of stripped text and Japan returned 8,173. There was no geo block, no redirect, no country selector, no regional entity and no jurisdiction notice in any of them.

That result means less here than it would at a CFD broker. A site with no sign up form and no funding page is not onboarding anybody from Jakarta or Ho Chi Minh City by serving them a page. There is nothing to gate. The absence of a restriction notice is a fact about the website, not evidence that the firm accepts clients from those countries.

The one geographic fact the register does give

CySEC records cross border services notified by this firm to 27 EEA states: Austria, Belgium, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. [CySEC] Cyprus itself does not appear, as one would expect of a home state entry, and neither Norway nor Croatia is on the list.

Be careful what that means. A passport notification is a regulatory permission to provide services into a state. It is not a marketing footprint, it is not a promise that the firm sells there, and its absence for a country is not a prohibition on serving a client from there under other arrangements. It is the only jurisdictional data the public record offers for this firm, and it is worth exactly that much.

What we could not test

Enforcement, because there is nothing to enforce against. With no registration form anywhere on the site, we could not check whether an Indonesian or Vietnamese applicant would be stopped at a country field, later in compliance, or not at all. That is an open question rather than a finding, and the answer would come from the Investment Services Agreement, which is not published.

Conclusion

The short version: 7Q Financial Services Ltd is not a CFD broker, and nothing about the firm suggests it has ever tried to be one. It is a boutique Nicosia asset manager with a twenty year old CySEC licence, eleven staff and a EUR 1.8 million balance sheet, and it appeared on a CFD candidate list because contracts for differences sit at number nine on the list of instrument classes its licence covers. The permission is real. The product does not exist. [CySEC]

What the licence permits is narrow and the omissions are the point. Reception and transmission of orders, portfolio management, investment advice, plus custody and connected foreign exchange as ancillary services. [CySEC] No execution of orders on behalf of clients. No dealing on own account. A firm cannot run a retail CFD book without the last of those, and 7QFS’s own regulatory return closes the question: client orders handled in derivative trades, EUR 0; daily trading flow in derivative trades, EUR 0.

What we can say with confidence

The regulatory position is clean and it checks out at every point we could test. Licence 061/05 is current on the CySEC register, dated 4 November 2005, and the firm is absent from the Former Investment Firms register. [CySEC] CySEC publishes the domain itself, one entry, www.7qfs.com, and the site we loaded carries the same company name, the same licence number and the same street address as the register. [CySEC] Eleven countries were served one entity with no regional variant and no offshore arm anywhere in the group, which is Cypriot from top to bottom. Capital sits at 156.67% of a requirement that is itself five times the ordinary floor, because the firm acts as depositary to alternative investment funds. Client money was fully segregated on the 2025 return and the firm was profitable by EUR 169,000. The lapsed FCA reference is a Brexit passport expiry and is claimed nowhere.

The real criticisms

Three, and none of them are about the trading product, because there is none. First, the legal corner of the website has not been maintained: a Terms of Use page giving an address the firm has left, a claim that it uses no cookies while loading a cookie library, and dead links to a Pillar 3 file and to RTS 28 reports last published for 2018, when the current Best Execution Policy tells clients the execution statement is on the website. Second, and worse, the Client Complaint Handling Policy has given [email protected] as the email route for complaints since May 2024, and fqfs.com is a domain this firm does not own which currently redirects to a for sale listing and publishes no mail exchanger. Third, almost nothing commercial is published: no fees, no minimum, no funding mechanics, no assets under management figure and no track record. That is normal for a negotiated mandate business and it still leaves a prospective client unable to compare anything before making contact.

Who this suits

An institution, a provident or pension fund, an insurer, a fund promoter needing a Cyprus depositary, or a high net worth individual looking for a discretionary or advisory mandate from a small Cyprus manager, who is willing to negotiate terms directly and can accept that an EUR 20,000 ICF ceiling is immaterial at their size. It suits nobody who arrived here looking to trade. There is no platform, no leverage, no spread, no account tier and no way to place a trade yourself. If that is what you came for, this is the wrong firm, and the useful part of this review is that sentence rather than the score above it.

How the score was built

Regulation scores 8: a verified twenty year CySEC licence covering the exact entity and the exact domain, capital comfortably above requirement, full segregation, ICF membership, no offshore arm, and a lapsed UK reference that is not claimed. Support scores 6: named people and a properly specified complaints procedure, undercut by a complaints address that does not reach the firm and by no published hours or languages. Fees, platform and reviews each score 5, and they score 5 because there is nothing to score, not because anything is wrong. No fee schedule is published, no platform is offered, and we found no verified user reports. Absence of data is not a penalty in this catalogue, so those three sit neutral and the mean lands at 5.8. A reader should treat that number as what it is: three neutral placeholders averaged against one genuinely strong result, for a firm that does not sell the product this scale was built to measure.