7Q Financial Services
Cloud Trading
7Q Financial Services vs Cloud Trading
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
7Q Financial Services and Cloud Trading are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. 7Q Financial Services, founded in 2015 and headquartered in Nicosia, Cyprus, is regulated by CySEC and offers spreads starting from Variable with a minimum deposit of $50000. Cloud Trading, established in 2014 in Limassol, Cyprus, holds licenses from CySEC with spreads from Variable and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, 7Q Financial Services scored 5.8/10 overall compared to Cloud Trading's 5.8/10, making it the stronger pick for most traders. That said, Cloud Trading holds its own with better trading platforms and wider product range, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
7Q Financial Services scores 5.8/10 overall vs 5.8/10 for Cloud Trading — a 0.0-point difference.
- 💵
Cloud Trading requires just $0 to start, while 7Q Financial Services needs $50000 — Cloud Trading is 50000x more accessible.
- 📈
Cloud Trading offers 1,000+ instruments vs 200+ at 7Q Financial Services — a massive gap in market coverage.
- 🖥️
7Q Financial Services runs on Proprietary Portal, Advisory Service, while Cloud Trading uses MT5, REST API — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Platforms & Tools: Cloud Trading scores 6.5 vs 5.0 for 7Q Financial Services — a 1.5-point difference.
Our Verdict
7Q Financial Services
Score: 5.8/10 · Wins 3 categories- You're a beginner who values learning resources
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
Cloud Trading
Score: 5.8/10 · Wins 2 categories- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You prefer a low minimum deposit ($0)
7Q Financial Services takes the lead with an overall score of 5.8/10 compared to 5.8/10, winning in 3 out of 8 scoring categories. 7Q Financial Services stands out for superior education resources and better customer support, while Cloud Trading fights back with better trading platforms and wider product range.
Detailed Verdict
After testing both brokers with real accounts, 7Q Financial Services comes out ahead with a 5.8/10 overall rating, winning 3 out of 8 categories. Its strongest area is Regulation & Trust where it scores 6.5/10. 7Q Financial Services holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Cloud Trading is not without merit — it scores 5.8/10 overall and excels in Platforms & Tools (6.5/10), winning 2 categories. Traders who value better trading platforms or wider product range may find Cloud Trading the better fit. For a complete breakdown, read our full 7Q Financial Services review and Cloud Trading review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Cloud Trading wins by 1.5 points
7Q Financial Services wins by 1.0 points
7Q Financial Services wins by 0.5 points
7Q Financial Services wins by 0.5 points
Cloud Trading wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 5.8/10 ✓ | 5.8/10 ✓ |
| Min Deposit Lower is better | $50000 | $0 ✓ |
| Max Leverage | 1:5 | 1:200 |
| Spreads From | Variable | Variable |
| Platforms | Proprietary Portal, Advisory Service | MT5, REST API |
| Regulation | CySEC | CySEC |
| Founded Older track record highlighted | 2015 | 2014 ✓ |
| Markets | 200+ | 1,000+ ✓ |
Fees & Costs
When it comes to trading costs, 7Q Financial Services has the edge with a score of 5.5/10 versus 5.5/10 for Cloud Trading. 7Q Financial Services offers spreads starting from Variable, while Cloud Trading starts from Variable. The minimum deposit at 7Q Financial Services is $50000, compared to $0 at Cloud Trading. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Cloud Trading scores 6.5/10 for platforms compared to 5/10 for 7Q Financial Services. 7Q Financial Services provides Proprietary Portal, Advisory Service, while Cloud Trading offers MT5, REST API. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. 7Q Financial Services is regulated by CySEC (Tier 1), while Cloud Trading holds licenses from CySEC (Tier 1). 7Q Financial Services scores 6.5/10 and Cloud Trading scores 6.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, 7Q Financial Services leads with 5/10 compared to 4/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. 7Q Financial Services and Cloud Trading both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
7Q Financial Services offers Email, Phone and scores 6/10, while Cloud Trading provides Email, Direct Contact with a score of 5.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
7Q Financial Services scores 5.5/10 for deposits and withdrawals, while Cloud Trading scores 5.5/10. 7Q Financial Services accepts Bank Transfer, and Cloud Trading supports Bank Transfer. Processing times, fees, and available currencies vary. 7Q Financial Services requires a minimum deposit of $50000 versus $0 for Cloud Trading. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose 7Q Financial Services if you...
- You're a beginner who values learning resources
- Responsive customer support matters to you
- You rely on in-depth research and analysis tools
Choose Cloud Trading if you...
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You prefer a low minimum deposit ($0)
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is 7Q Financial Services better than Cloud Trading?
7Q Financial Services scores higher overall (5.8/10 vs 5.8/10), winning 3 of 8 categories. However, Cloud Trading is stronger in better trading platforms and wider product range. The best choice depends on what matters most to your trading style.
Which has lower fees, 7Q Financial Services or Cloud Trading?
7Q Financial Services scores higher for trading costs. 7Q Financial Services offers spreads from Variable with a $50000 minimum deposit, while Cloud Trading starts from Variable with $0 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is 7Q Financial Services safe to trade with?
7Q Financial Services is regulated by CySEC and scores 6.5/10 for regulation. Cloud Trading is regulated by CySEC with a score of 6.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, 7Q Financial Services or Cloud Trading?
Cloud Trading scores 6.5/10 for platforms. 7Q Financial Services offers Proprietary Portal, Advisory Service, while Cloud Trading provides MT5, REST API. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for 7Q Financial Services vs Cloud Trading?
7Q Financial Services requires a minimum deposit of $50000, while Cloud Trading requires $0. Cloud Trading has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.