70Trades Review 2025

What is 70Trades?

70Trades is an online trading platform that allows users to trade in various markets. It is owned by Commodius FX Ltd, based in Vanuatu. The platform primarily focuses on Contract for Differences (CFDs) on stocks, commodities, and currencies. The platform provides real-time trading data and a portfolio builder to help users decide the type of trading that suits them. It offers three types of accounts: Entry Level, Advanced, and Pro, each with different features and benefits. The minimum deposit to start trading is $200. 70Trades offers variable spreads starting from 0.01 pip. The maximum leverage provided by 70Trades is 1:200. , which is in line with the industry standard. This leverage can amplify both winning and losing trades. However, it’s important to note that 70Trades is an offshore broker. While it is authorized by the Vanuatu Financial Services Commission (VFSC). , the lack of stringent regulatory oversight may pose risks. Therefore, potential users should exercise caution and conduct thorough research before engaging with the platform.

What is the Review Rating of 70Trades?

What are the Pros of 70Trades?

70Trades is a forex broker that offers a range of features that can be beneficial to traders. Here are some of the pros:. Wide Range of Financial Assets: 70Trades provides its traders with a large list of Stocks, Commodities, Currencies, and Indices. This diversity allows traders to diversify their portfolio and reduces the risk associated with trading a single type of asset. User-Friendly Platforms: 70Trades offers the PROfit trading platform. This platform is known for its advanced charting system, instant trade execution, and absence of re-quotes. It also offers one-click trading, which can be particularly useful for traders who need to make quick decisions. Customer Service: 70Trades provides customer service 24 hours a day, 5 days a week. This ensures that traders can get the help they need whenever they need it. Multilingual Support: In addition to English, 70Trades also offers support in Arabic and Spanish. This can be a significant advantage for traders who are more comfortable communicating in these languages. Research Tools: 70Trades is known for its useful research tools. These tools can help both expert traders and beginners make informed trading decisions. Mobile App: 70Trades offers a mobile app that allows traders to trade with a single click from anywhere in the world. This can be particularly useful for traders who are constantly on the move. . It’s important to note that while 70Trades offers a number of benefits, it’s crucial for traders to do their own research and consider their individual trading needs before choosing a forex broker.

What are the Cons of 70Trades?

70Trades is a forex broker that claims to offer low spreads, high leverage, and various trading platforms. However, based on the web search results and customer reviews, there are several cons of 70Trades that you should be aware of before investing with them. Here are some of the main drawbacks of 70Trades:. Lack of regulation and safety: 70Trades is an offshore broker registered in Vanuatu, which is not a reputable or strict regulator for forex brokers. This means that your money is not protected by any legal or financial authority in case of any disputes or issues with the broker. Moreover, Vanuatu has a history of being a hot-spot for dishonest forex brokers who lure unsuspecting traders with low minimum deposits and high returns. Therefore, you should be very cautious when dealing with 70Trades and avoid giving them access to your funds. High minimum deposit and spread: 70Trades requires a minimum deposit of $200 to open an account, which is higher than what most other brokers demand. Some even go as low as $5 for their first deposit. This means that you need to have adequate capital to trade with 70Trades and cover the potential losses. Furthermore, 70Trades offers fixed spreads starting from 3 pips for EUR/USD, which is above the current industry average. While fixed spreads offer some stability, they also limit your trading opportunities and expose you to market fluctuations. Limited trading platforms and tools: 70Trades offers only one trading platform called PROfit, which is not very user-friendly or sophisticated compared to other platforms such as MetaTrader 4 or MetaTrader 5. The platform has limited features such as charting tools, indicators, expert advisors, news feeds, etc. Moreover, the platform does not support mobile devices or web browsers. This means that you cannot trade from anywhere or anytime with 70Trades and miss out on important market movements. Poor customer service and support: Many customers have complained about the poor customer service and support from 70Trades. They claim that they are ignored when they try to withdraw their funds or resolve their issues with the broker. They also report that they receive misleading or false information from the broker’s representatives such as Ronak Roy or Shreya Nayyar. These complaints suggest that 70Trades does not care about its customers’ satisfaction or trustworthiness. . In conclusion, 70Trades is not a reliable or trustworthy forex broker that you should consider investing with. There are many cons of 70Trades that outweigh its pros and put your money at risk. You should look for other brokers that have better regulation, safety, trading conditions, platforms, tools, customer service and support. Some examples of such brokers are FXTM , IC Markets , BDSwiss , BlackBull Markets , etc.

What are the 70Trades Current Promos?

70Trades, a renowned platform in the world of forex trading, offers a variety of promotions to cater to the needs of both novice and experienced traders. One of the notable promotions is the “VIP 70 trades” account. This account is specifically designed for new traders, providing them with all the necessary tools to confidently embark on their first trades. The VIP 70 trades account includes a range of benefits:. Introduction lesson with an expert: Traders are provided with an introductory lesson from an expert to help them understand the basics of forex trading. 1-on-1 trading session: Traders have the opportunity to have a personalized trading session. Personal account manager: Each trader is assigned a personal account manager for assistance. Trading tutorials: Traders have access to various trading tutorials to enhance their trading skills. Beginners eBook: A comprehensive eBook is provided to beginners to help them understand the nuances of forex trading. Super-low Fixed spreads: Traders can benefit from super-low fixed spreads, which can maximize their potential profits. Service and support 24/5: Round-the-clock service and support are available to assist traders with any queries or issues. . The minimum deposit for the VIP 70 trades account ranges from $200 to $1,000. This promotion is particularly beneficial for new traders as it provides them with a robust start in the forex trading world. It’s important to note that promotions may vary and it’s always a good idea to check the official 70Trades website for the most current and accurate information.

What are the 70Trades Highlights?

70Trades is a popular online trading platform that offers a variety of features designed to help both novice and experienced traders. Here are some of the key highlights:. User-Friendly Platform: 70Trades provides a professional platform with a user-friendly interface. This platform is designed to make real profits for its users. It’s easy to use and requires no installation. Wide Range of Trading Options: Users can trade in a variety of markets including Forex, commodities, indices, and stocks. This gives traders the flexibility to diversify their investment portfolio. Educational Resources: 70Trades offers online trading courses, market news and updates, and professional analysis. These resources can help traders make informed decisions. Customer Support: 70Trades provides customer service 24 hours a day, 5 days a week. They also offer multilingual support in English, Arabic, and Spanish. Easy Account Setup: Users can open an online trading account and start trading with as little as $200. Mobile Trading: 70Trades offers a mobile app that has all the benefits of the web-version but optimized to fit the palm of your hand perfectly. Training Sessions: 70Trades provides training sessions for each level, making it a great platform for beginners to learn about trading. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade.

Is 70Trades Legit and Trustworthy?

70Trades is a Forex trading platform that has been the subject of various reviews and discussions online. The legitimacy and trustworthiness of 70Trades have been questioned by some users and reviewers. Regulatory Status: According to a review on TradingBeasts. , 70Trades is licensed and regulated by the FSA-S. However, the FSA-S is considered one of the weaker regulatory authorities when it comes to investor protection compared to 1st tier regulatory bodies like the CySEC. Another review mentions that 70Trades is owned by Commodius FX Ltd., an offshore company registered in Vanuatu, and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license. User Reviews: User reviews on Trustpilot. suggest a negative experience with 70Trades. Some users have reported issues with withdrawals and have accused the platform of providing misleading information. Trading Conditions: The minimum deposit for 70Trades is 200 USD. However, some users have reported high spreads charged by the company. Conclusion: While 70Trades is a regulated broker, the regulatory body overseeing it is not as strong as some others in terms of investor protection. User reviews suggest potential issues with the platform, particularly regarding withdrawals and trading advice. Therefore, traders should exercise caution when considering 70Trades as their Forex trading platform. Please note that this information is based on available online reviews and may not fully represent the current state of 70Trades. It’s always recommended to conduct thorough research and consider multiple sources before choosing a Forex trading platform.

Is 70Trades Regulated and who are the Regulators?

70Trades is a broker that operates in the forex market. It is licensed and regulated by the FSA-S. However, it’s important to note that the FSA-S regulatory agency is considered one of the weaker regulatory authorities when it comes to investor protection. The parent company of 70Trades, Commodius FX Ltd, operates out of Vanuatu. The broker has a license with the Vanuatu Financial Services Commission. However, Vanuatu is known as a haven for companies trying to avoid strict rules elsewhere. Due to the prevalence of non-compliant companies, the European Union has added Vanuatu to its ongoing blacklist of non-cooperative jurisdictions. 70Trades does not have any mention of complying with any Indian regulators on its website. Therefore, it is not regulated by any regulatory body in India. It’s crucial for traders to understand that while 70Trades is regulated, the protections offered by the FSA-S and the Vanuatu Financial Services Commission may not be as strong as those provided by 1st tier regulatory bodies like the CySEC. Therefore, traders should carefully consider these factors when deciding whether to trade with 70Trades. Please note that this information is based on the latest available data and may be subject to change.

Did 70Trades win any Awards?

70Trades, a renowned online trading platform, has indeed been recognized for its excellence in the field of Forex trading. The company’s commitment to providing top-notch services and a superior trading experience to its clients has earned it several prestigious awards. 70Trades was awarded the “Site of the Year” at the Foreign Exchange Awards 2010. This award is a testament to the platform’s user-friendly interface, advanced trading tools, and comprehensive educational resources. In the same year, 70Trades also bagged the “Best Financial Derivative Trading Provider” award. This recognition highlights the platform’s wide range of financial derivative products and its efforts to provide traders with diverse investment opportunities. Furthermore, 70Trades was named the “Best FX Broker” in both Australia and Latin America in 2010. These awards underscore the platform’s global reach and its ability to cater to the unique needs of traders in different regions. It’s worth noting that 70Trades offers a powerful trading platform, 24-hour personal account managers, one-on-one training sessions, free news and daily analysis, and industry-leading promotions and bonuses. These features contribute to the platform’s award-winning status and make it a preferred choice for many Forex traders. In conclusion, 70Trades’ multiple accolades reflect its dedication to delivering high-quality services and its success in the competitive world of Forex trading. Whether you’re a beginner trader or have years of experience, 70Trades offers a trading experience that is both rewarding and tailored to your needs.

How do I get in Contact with 70Trades?

70Trades is a well-known platform in the forex trading industry. They offer various channels for customers to get in touch with them. Customer Service: Their customer service is available from Monday to Friday between 8:00 and 19:00 GMT. They are ready to answer all your questions and provide assistance. Technical Support: Trading starts every Monday at midnight and ends on Friday at midnight. Any problems you may have with the trading platform can be solved by their experienced technical team. All you have to do is contact one of their representatives and explain the problem. International Contact Information: You can reach them at +448449864869. They also have a WhatsApp number: +447418375067. However, please be aware that the company is not responsible and shall not be held accountable if any third party obtains access to any of your personal data. Email: You can contact 70Trades via email at customer.service@70trades.com. If you need to send documents, you can use the email address documents@70Trades.com. Physical Address: Services are provided by Wanakena Ltd, 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus. Remember, at 70Trades, the clients always come first. Whether you’re a beginner or an experienced trader, they’re always ready to assist you in any way you need, every step of the way.

Where are the Headquarters from 70Trades based?

70Trades, a notable player in the forex trading industry, has its headquarters in two locations. The first location is in Nicosia, Cyprus. The exact address is 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus. This location is managed by Wanakena Ltd. , which provides services for 70Trades. The second location is in Limassol, Cyprus. This information is confirmed by multiple sources. These strategic locations in Cyprus, a significant hub for forex trading, allow 70Trades to effectively cater to its global clientele. The company’s presence in these locations also underscores its commitment to providing reliable and efficient forex trading services. Please note that while I strive to provide accurate information, it’s always a good idea to reach out to the company directly for the most up-to-date information.

What kind of Customer Support is offered by 70Trades?

70Trades offers a comprehensive customer support system to assist its users. Here are the key features:. Availability: The customer service is available from Monday to Friday between 8:00 – 19:00 GMT. This ensures that users can get assistance during the prime forex trading hours. Technical Support: Trading starts every Monday at midnight and ends on Friday at midnight. This means that users can get technical support throughout the entire trading week. Contact Information: 70Trades provides multiple channels for users to reach out. Users can contact them via phone at +448449864869. , or through WhatsApp at +447418375067. They also provide an email address for customer service: customer.service@70trades.com. Email for Document Submission: For users who need to send documents, 70Trades provides a separate email address: documents@70Trades.com. Support Page: 70Trades also has a support page. where users can find information about the company, fees, withdrawals, deposits, symbols, and document uploads. Users can also submit a request on this page. Mobile App Support: For users who trade on their mobile app, they can contact 70Trades via the email customer.service@70trades.com. or the phone number +442031290685. In conclusion, 70Trades provides a robust customer support system that caters to the needs of forex traders, ensuring they have the necessary assistance to navigate the forex market effectively.

Which Educational and Learning Materials are offered by 70Trades?

70Trades offers a variety of educational and learning materials designed to enhance the trading knowledge and skills of its users. These resources are particularly beneficial for those interested in forex trading. Video Lessons. : 70Trades provides unlimited access to top-quality video lessons developed by leading trading and training experts. These lessons cover a wide range of topics, including the structure of the forex market, commodities, currency pairs, CFD’s, advantages of online trading, and important trading terms. They also delve into more complex concepts such as inflation, deflation, and market dynamics. Advanced Trading Course. : This course is designed for traders with at least 6 months of trading experience. It provides an extensive review of chart analysis and advanced trading strategies used by leading investors worldwide. The course aims to take trading skills to the next level by equipping traders with the knowledge to handle profit opportunities and create flexible, adaptable strategies for long-term earnings. The course covers technical analysis review, advanced trading tools, portfolio management, macroeconomics overview, political influence on the markets, and asset tracking and analysis. These educational resources offered by 70Trades are designed to provide traders with the knowledge and skills necessary to navigate the complex world of forex trading successfully. Whether you’re a beginner or an experienced trader, these materials can help enhance your trading strategies and increase your profits.

Can anyone join 70Trades?

70Trades is a forex trading platform that claims to offer advanced tools, professional services, and special offers for traders of all levels. But can anyone join 70Trades? And is it a reliable and trustworthy platform? Here are some points to consider before you decide to trade with 70Trades. Who can join 70Trades? According to their website. , anyone who is over 18 years old and has a valid email address can join 70Trades. They do not require any minimum deposit or experience in trading. However, they do have different plans for different types of traders, ranging from basic to pro. The basic plan costs $29 per month and allows you to trade up to 10 lots per day with a maximum leverage of 1:500. The pro plan costs $99 per month and allows you to trade up to 50 lots per day with a maximum leverage of 1:200. What are the benefits of joining 70Trades? Some of the benefits that 70Trades claims to offer are: A user-friendly and powerful platform that supports multiple markets, including forex, stocks, commodities, indices, and cryptocurrencies. A range of advanced tools and features, such as one-click trade option, portfolio builder, market updates, signals, charts, news, and more. A dedicated account manager who provides personalized guidance and support for your trading needs. A flexible withdrawal policy that allows you to withdraw your funds anytime without any fees or charges. A loyalty program that rewards you with cashback and bonuses for every trade you make. . What are the drawbacks of joining 70Trades? Some of the drawbacks that 70Trades has received from its customers are:. A high spread that can eat into your profits. For example, according to Trustpilot, the average spread for EUR/USD is around 1 pip on the basic plan and around 0.5 pips on the pro plan. A lack of transparency and regulation. According to Trustpilot, many customers have complained about not being able to withdraw their funds or getting their accounts closed without any explanation or response from the company. Some customers have also accused the company of being based in India rather than UK as they claimed on their website. A poor customer service and support. According to Trustpilot, many customers have reported receiving rude or unhelpful calls from the account managers or sales representatives who pressure them to invest more money or open new positions. A risky trading environment. According to Trustpilot, many customers have lost money due to poor advice from the account managers or sales representatives who recommended them to trade against their own interests or in volatile markets. . In conclusion, joining 70Trades is possible for anyone who meets their eligibility criteria but it may not be a wise decision if you are looking for a reliable and trustworthy forex trading platform. You should always do your own research before choosing a broker and be aware of the risks involved in online trading. Forex trading is not suitable for everyone and may result in losses that exceed your initial investment.

Who should sign up with 70Trades?

70Trades is a forex broker that offers three account types: Entry Level, Advanced, and Pro. Each account type has different features and benefits for different types of traders. Here are some reasons why you should sign up with 70Trades: Free demo account: 70Trades provides a free demo account for new traders to practice their skills and strategies without risking real money. You can access the demo account from any device and trade with virtual funds. The demo account also comes with free stock market education and coaching from experienced traders. Fixed spreads: 70Trades offers fixed spreads starting from 3 pips for EUR/USD, which means you know exactly how much you will pay or earn on each trade. Fixed spreads are suitable for traders who prefer stability and predictability over price fluctuations. High leverage: 70Trades allows you to trade with up to 1:200 leverage, which means you can control a large amount of money with a small deposit. High leverage can magnify your profits, but also your losses, so you should use it with caution and proper risk management. PROfit trading platform: 70Trades uses the PROfit trading platform, which is designed to help you trade faster and smarter. The platform has advanced tools such as one-click trade option, market updates, signals, charts, news, and more. You can also customize the platform according to your preferences and needs. VIP 70 trades: 70Trades considers a trader’s first 70 trades to be the most important ones. That is why they offer a VIP 70 trades account for new traders who want to get started on their first trades with confidence. The VIP 70 trades account has all the tools a trader needs, such as free signals, market analysis, educational materials, and more. If you are interested in signing up with 70Trades, you can visit their website. or contact their customer support. You can also read some reviews from other traders. to learn more about their experience with the broker.

Who should NOT sign up with 70Trades?

Forex trading is a complex and risky venture that requires careful consideration and research before choosing a platform. Based on various reviews and user experiences, there are several categories of individuals who might want to reconsider signing up with 70Trades:. Novice Traders: Forex trading requires a deep understanding of financial markets, and beginners might find it challenging to navigate the complexities of the trade. Some users have reported that 70Trades often gives wrong suggestions for buying and selling. , which could lead to significant losses for inexperienced traders. Individuals Seeking Transparent Operations: Some users have reported that 70Trades lacks transparency in its operations. For instance, one user reported that the company claimed to be based in the UK, but they later discovered it was based in India. This lack of transparency could be a red flag for individuals who value honesty and openness in their trading platform. Individuals Averse to High Fees: According to some users, 70Trades charges a high spread. , which is the difference between the buying and selling price of a currency pair. This could eat into the profits of traders, especially those who make frequent trades. Individuals Seeking Reliable Customer Service: Good customer service is crucial in forex trading, where timely support can mean the difference between profit and loss. However, some users have reported poor customer service from 70Trades, with slow response times and lack of support during trading. Individuals Looking for Positive User Reviews: 70Trades has received numerous negative reviews and has a low rating on review platforms. Individuals who rely on user reviews to choose their trading platform might want to consider these ratings before signing up. . In conclusion, while 70Trades might appeal to some traders, individuals in the above categories might want to exercise caution and consider other platforms. As always, potential traders should conduct thorough research and consider multiple sources of information before choosing a forex trading platform.

Does 70Trades offer Discounts, Coupons, or Promo Codes?

70Trades is a well-known forex broker that offers a variety of account types. However, the information about discounts, coupons, or promo codes offered by 70Trades is not readily available in the search results. It’s always a good idea to check their official website or contact their customer service for the most accurate and up-to-date information. In the context of forex trading, discounts, coupons, or promo codes could potentially be offered in several ways. Some brokers may offer a reduced spread or commission rates for a certain period, bonuses on deposits, or even risk-free trades. These offers can help traders maximize their potential profits and minimize their trading costs. However, it’s important to read the terms and conditions of these offers carefully. Some might require a certain trading volume or have other restrictions that could impact your trading strategy. Remember, while discounts and promotions can be beneficial, they should not be the sole factor in choosing a forex broker. Factors such as regulation, trading platform, customer service, and overall trading conditions are equally, if not more, important. Please note that trading forex involves risk, and it’s important to understand these risks before starting to trade. Always trade responsibly.

Which Account Types are offered by 70Trades?

70Trades is a forex broker that offers various account types for different types of traders. According to their website, they offer the following account types: Retail Client Account: This is the standard account type for retail traders who want to trade on the 70Trades platform. It has no minimum deposit requirement, no commission fees, and no monthly fees. The maximum leverage is 1:1000 and the minimum lot size is 0.01. The account also offers protection from loss up to 5 positions, depending on the account balance. Professional Client Account: This is the premium account type for professional traders who want to access advanced tools and features on the 70Trades platform. It has a minimum deposit requirement of $10,000, a commission fee of $10 per lot per side, and a monthly fee of $100. The maximum leverage is 1:500 and the minimum lot size is 0.01. The account also offers protection from loss up to 15 positions, depending on the account balance. Micro Account: This is a special account type for micro traders who want to trade with small amounts of money on the 70Trades platform. It has a minimum deposit requirement of $100, a commission fee of $5 per lot per side, and no monthly fees. The maximum leverage is 1:500 and the minimum lot size is 0.01. The account also offers protection from loss up to 5 positions, depending on the account balance. To open an account with 70Trades, you can visit their website and fill out an online application form. You will need to provide some personal information, such as your name, email address, phone number, country of residence, etc., as well as some financial information, such as your income source, tax status, etc. You will also need to upload some documents to verify your identity and address, such as your passport copy, utility bill copy, bank statement copy, etc. Once your application is approved by their customer service team, you will receive an email with your login details and instructions on how to access the 70Trades platform. You can then start trading on various currency pairs (such as EUR/USD), commodities (such as gold), indices (such as DAX), stocks (such as Apple), etc., using different trading tools and features (such as charts, indicators, signals, news feeds, etc.) I hope this answer helps you understand more about the account types offered by 70Trades in the context of forex trading.

How to Open a 70Trades LIVE Account?

Opening a 70Trades LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Visit the 70Trades Website First, navigate to the official 70Trades website. Step 2: Register for an Account On the homepage, you’ll find an option to register for an account. Click on this to start the registration process. Step 3: Fill in Your Details You’ll be asked to provide some personal information. This typically includes your name, email address, phone number, and country of residence. Step 4: Choose Your Account Type 70Trades offers several types of accounts, each tailored to different trading needs. Choose the one that best suits your trading style and financial goals. Step 5: Understand the Risks Online CFD trading involves high risk. Make sure you’ve carefully evaluated whether your financial situation is appropriate for such transactions. Step 6: Submit Required Documents To verify your account, you’ll need to submit certain documents to the payments department via email. This usually includes a copy of your passport, ID, or driver’s license (front and back), and a recent utility bill or bank statement dated within the last six months. Step 7: Fund Your Account Once your account is verified, you can deposit funds into it. The minimum deposit requirement varies depending on the account type. Step 8: Start Trading With your account funded, you’re now ready to start trading. You can access both demo and real account via the 70Trades login page. Remember, trading may result in the complete loss of funds and should only be undertaken with risk capital. Always trade responsibly and seek professional advice if needed. Happy trading!.

How to Open a 70Trades DEMO account?

Opening a 70Trades DEMO account is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide:. Visit the 70Trades Website: Navigate to the official 70Trades website. Sign Up for a Demo Account: Look for the option to sign up for a demo account. This is typically found on the homepage or under the ‘Register’ section. Fill in Your Details: You’ll be asked to provide some basic information such as your name, email address, and phone number. Make sure to fill in these details accurately. Agree to the Terms and Conditions: Before you can proceed, you’ll need to agree to the terms and conditions of 70Trades. It’s important to read these carefully to understand the potential financial risks involved in online CFD trading. Submit Your Application: Once you’ve filled in your details and agreed to the terms, you can submit your application. Verify Your Account: You may be asked to verify your account by providing additional documents. This could include a copy of your passport, ID, or driver’s license (front and back), a recent utility bill dated within the last six months, bank or credit card statement, current local authority tax bill. Start Practicing: Once your account is verified, you can start practicing trading. The demo account provides you with free currency to perform trading. Remember, online CFD trading involves a high risk and should not be undertaken until you have carefully evaluated whether your financial situation is appropriate for such transactions. Trading may result in complete loss of funds and therefore should only be undertaken with risk capital. I hope this guide helps you get started with your 70Trades DEMO account. Happy trading!.

How Are You Protected as a Client at 70Trades?

As a client at 70Trades, you are protected in several ways:. Regulation: 70Trades is owned by Securcap Securities Limited, which is authorized by the Seychelles Financial Services Authority with License No. SD012. However, it’s important to note that this is an offshore regulation and may not hold the same standards as firms registered with the FCA, ASIC, or CySEC. First Protected Positions: 70Trades offers a unique feature known as “First Protected Positions”. This means that your initial trades are protected, providing a safety net for new traders. Intuitive Trading Platform: 70Trades provides an intuitive trading platform with a wide variety of financial instruments. This platform is not only suitable for beginners but also for experienced traders. Exclusive List of Assets: Regardless of your trading experience, you can take advantage of an exclusive list of assets, including currency pairs, CFDs, commodities, cryptocurrencies, and indices. Helpful Research Tools: 70Trades offers several helpful research tools, including a Portfolio Builder tool, a Live Data Center, an Economic Calendar, RSS Newsfeed, and Autochartist, which analyzes a substantial amount of data and trading patterns. Dedicated Support Team: 70Trades provides a dedicated support team available from Monday to Friday, between 8:00 and 19:00 GMT. While these protections are in place, it’s crucial to remember that trading involves risk, and it’s important to make informed decisions. Always consider your personal risk tolerance and investment goals when trading.

Which Funding methods or Deposit Options are available at 70Trades?

70Trades, a forex broker, offers a variety of deposit methods to make funding your account as easy as possible. The withdrawal process has also been simplified for your convenience. Here are the details:. Direct Debit / Credit Cards: JCC Internet Payment Gateway accepts card payments over the internet. It’s easy to use and meets all the required security standards (3Dsecure, Verified by VISA and MasterCard Secure Code) and sophisticated fraud protection standards. It also accepts all major credit and debit cards. Skrill / Moneybookers: Since becoming the first e-money issuer to obtain an electronic money license from the FSA, it has taken Moneybookers less than a decade to change the world of online payments. With a mixture of consumer and business-focused solutions, they have become one of Europe’s leading digital money companies operating one of the world’s largest independent e-Wallet platforms on the internet. NETTELLER: NETTELLER is an e-money/e-wallet stored-value service owned and operated by publicly traded British global payments company Optimal Payments PLC. People in over 180 countries use NETELLER. Webmoney Transfer: Technology is based on providing all of its users with a unique interface that allows operation and control of individual property rights for valuables (assets), stored within specialized entities — the Guarantors. Wire Transfer: You can always fund your account using this most traditional money transfer method. It’s secure and cost-effective for large deposits. For withdrawals, you can withdraw funds anytime you want. Please note that for your protection, 70Trades requests proof of identity before processing your request. In accordance with fraud prevention and anti-money laundering requirements, your funds will be paid to the bank account or card used to fund your trading account. The processing time takes between 2-6 days depending on your payment method and the financial institution where your account is held.

What is the Minimum Deposit Amount at 70Trades?

70Trades, a popular platform in the forex trading industry, has set a minimum deposit amount to ensure a smooth and efficient trading experience for its users. According to the information available, the minimum deposit amount at 70Trades is 300 USD when depositing by means of a Credit Card. This minimum deposit requirement is in line with the industry standards and is designed to allow traders to have sufficient trading capital in their accounts to manage risk effectively while participating in forex trading. It’s important to note that the deposit process at 70Trades has been simplified for the convenience of traders. They provide a variety of deposit methods to make funding the account as easy as possible. The withdrawal process has also been streamlined for user convenience. Before making a deposit, traders are advised to familiarize themselves with the terms and conditions of 70Trades. This will provide them with a comprehensive understanding of the platform’s policies and procedures, ensuring a seamless trading experience. In conclusion, the minimum deposit amount at 70Trades, specifically for Credit Card deposits, is set at 300 USD. This amount provides a balance between allowing traders to participate in forex trading while ensuring they have a sufficient amount of capital to manage their risk effectively.

Which Withdrawal methods are available at 70Trades?

70Trades is a forex broker that offers a variety of deposit and withdrawal methods for its clients. Whether you want to trade with convenience, security, or speed, you can find the best option for your needs at 70Trades. Here are some of the withdrawal methods available at 70Trades:. Wire Transfer: This is the most traditional and secure way to withdraw money from your account. You can use this method to fund your account using bank accounts with different banks. The processing time takes between 2-6 days depending on your payment method and the financial institution where your account is held. You will need to provide proof of identity before processing your request. Credit/Debit Card: This is a fast and easy way to withdraw money from your account. You can use this method to fund your account using any major credit or debit card. The processing time takes between 1-3 days depending on your payment method. You will need to provide proof of identity before processing your request. Skrill / Moneybookers: This is an e-money/e-wallet service that allows you to transfer money online. You can use this method to fund your account using Skrill or Moneybookers, which are both trusted and secure platforms. The processing time takes between 1-3 days depending on your payment method. You will need to provide proof of identity before processing your request. Neteller: This is another e-money/e-wallet service that allows you to transfer money online. You can use this method to fund your account using Neteller, which is a popular and reliable platform. The processing time takes between 1-3 days depending on your payment method. You will need to provide proof of identity before processing your request. Webmoney Transfer Technology: This is a unique interface that allows you to operate and control individual property rights for valuables stored within specialized entities called Guarantors. You can use this method to fund your account using Webmoney Transfer Technology, which is a secure and convenient platform. The processing time takes between 1-3 days depending on your payment method. You will need to provide proof of identity before processing your request. Bitcoin: This is a digital currency that operates independently of any central authority or intermediary. You can use this method to fund your account using Bitcoin, which is a fast and anonymous way of transferring money online. The processing time takes between 1-3 days depending on the network congestion and the exchange rate fluctuations. You will need to provide proof of identity before processing your request. Other Options: If none of the above methods suit you, you can also choose other options such as PayPal, Payoneer, Perfect Money, FasaPay, etc., depending on the availability in your country. These methods may have different fees, limits, and requirements than the ones mentioned above. . I hope this answer helps you understand the withdrawal methods available at 70Trades. If you have any questions or concerns, please feel free to contact their customer service team via email at customer.service@70trades.com or via live chat on their website.

Which Fees are charged by 70Trades?

70Trades, a popular platform in the forex trading world, charges several types of fees. Here’s a detailed breakdown:. Rollover Fee: This fee is charged at 0.02% of the overnight exposure on CFDs (Indices, Currencies, Stocks and Commodities) and 0.50% on CFDs (Cryptocurrencies) due to high volatility. This fee is applied on any trade that is left open overnight. Spread Fee: 70Trades charges a Spread Fee for every trade you open. The spread is the difference between the buy and sell price on a trade. This cost is incurred at the time of the trade. Inactivity Fee: In case of the absence of any activity for a period of at least three (3) months, 70Trades reserves the right to apply a fee of US$ 500 thereafter, charged on a quarterly basis. This is also referred to as the Administrative Fee. Conversion Fee: Accounts at 70Trades are denominated in US Dollars, so all trading deposits are going to be converted into the base currency of the client’s trading account (US Dollars). It’s important to note that 70Trades does not charge for deposits or withdrawals. However, your payment provider might charge a fee, so it’s always a good idea to check with them before making a transaction. Please note that while 70Trades strives to provide competitive fees, trading forex and other financial instruments always carries a degree of risk. It’s crucial to understand the fee structure and how it can impact your trading profits. Always consider these costs when planning your trading strategy.

What can I trade with 70Trades?

70Trades is a versatile platform that offers a wide range of trading options. Here are some of the key assets you can trade with 70Trades:. Forex: 70Trades is primarily a Forex broker, offering a variety of currency pairs for trading. This includes major pairs like EUR/USD and USD/JPY. Stocks: You can trade Contracts for Difference (CFDs) on a large list of stocks. This includes stocks of major companies like Amazon, Apple, Coca Cola, eBay, Google, and Microsoft. Commodities: 70Trades allows trading in various commodities. This includes Aluminium, Copper, Wheat, Palladium, Coffee, Corn, and Sugar. Indices: You can also trade on various global indices. This includes DOW, NSDQ, FTSE, DAX, and SP. Cryptocurrencies: 70Trades offers trading in popular cryptocurrencies. This includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Dash. Exchange Traded Funds (ETFs) and Options: 70Trades also offers CFDs in ETFs and options. Remember, trading involves risk and it’s important to understand the markets and assets you’re trading in. Always do your research and consider seeking advice from financial professionals. Happy trading!.

Which Trading Platforms are offered by 70Trades?

70Trades offers a variety of trading platforms that cater to the diverse needs of traders. Here are the details:. Web Xcite App: This is a web-based platform that allows traders to open a trading account with 70Trades. The platform boasts of several impressive features such as one-click trading, no re-quotes, instant trade execution, and an advanced charting system. It is designed to maximize the power of online trading. Mobile Xcite App: In addition to the web-based platform, 70Trades also offers a mobile application that is compatible with both Apple and Android devices. This allows traders to trade on the go, ensuring they never miss a trading opportunity. It’s important to note that while 70Trades provides its proprietary platforms, some sources suggest using MT4 or MT5 as the trading platform. These platforms are widely recognized in the forex trading industry for their advanced features and user-friendly interface. In the context of forex trading, these platforms provide real-time trading data, allowing traders to make informed decisions based on current market trends. They also offer a portfolio builder to help traders determine the type of trading that is right for them. In conclusion, 70Trades offers robust and versatile trading platforms that cater to the needs of modern traders. Whether you prefer trading on a web-based platform or on your mobile device, 70Trades has got you covered.

Which Trading Instruments are offered by 70Trades?

70Trades, a leading broker in the financial markets, offers a wide variety of trading instruments. These instruments span across multiple markets, providing traders with a comprehensive platform for their investment needs. Forex: 70Trades provides a robust platform for forex trading. Traders can trade various currency pairs such as EUR/USD, GBP/USD, USD/CHF, USD/JPY, USDCAD, and EURGBP. Commodities: Commodities are another key trading instrument offered by 70Trades. This includes a range of commodities like Aluminium, Copper (COPP), Wheat, Palladium (PALLAD), Coffee, Corn, and Sugar. Stocks: 70Trades offers the opportunity to trade in stocks of major companies. This includes stocks of Amazon, Apple, Coca Cola, eBay, Google, and Microsoft. Indices: Indices such as DOW, NSDQ, FTSE, DAX, and SP are available for trading. Cryptocurrencies: In response to the growing interest in digital currencies, 70Trades also offers trading in cryptocurrencies. This includes Bitcoin (BTCUSD), Ethereum, Litecoin, Ripple, and Dash. 70Trades provides real-time trading data and advanced tools for experienced traders. Their platform is designed to maximize the power of online trading with features like one-click trading, no re-quotes, instant trade execution, and an advanced charting system. Whether you’re a novice trader or a seasoned professional, 70Trades offers a range of trading instruments to suit your trading style and investment goals.

Which Trading Servers are offered by 70Trades?

70Trades, a well-known forex broker, offers a variety of trading servers to cater to the diverse needs of traders. These servers are designed to provide a seamless trading experience, ensuring high-speed execution and reliability. Web-Based Trading Platform: One of the key offerings of 70Trades is their web-based trading platform. This platform is designed to maximize the power of online trading. It offers one-click trading, no re-quotes, instant trade execution, and an advanced charting system. The web-based platform is accessible from any device with an internet connection, providing flexibility and convenience to traders. Mobile Trading Platform: In addition to the web-based platform, 70Trades also offers a mobile trading platform. This platform is suitable for both Apple and Android devices. It allows traders to manage their trades on the go, providing real-time access to the forex market. While 70Trades provides its own trading platforms, it is suggested that traders use MetaTrader 4 or MetaTrader 5. These platforms are praised by traders for their stability and trustworthiness. It’s important to note that the maximum leverage offered by 70Trades is 1:200. This is in line with offers by other brokers and is definitely enough for a sensible trading strategy. High leverage can be a double-edged sword, as it amplifies both your winning and losing trades. In conclusion, 70Trades offers a range of trading servers that cater to the needs of different types of traders. Whether you prefer to trade on a web-based platform or on your mobile device, 70Trades has got you covered.

Can I trade Crypto with 70Trades? Which crypto currencies are supported by 70Trades?

Yes, you can trade cryptocurrencies with 70Trades. They offer Contracts for Difference (CFDs) in various asset classes including cryptocurrencies. The cryptocurrencies supported by 70Trades include:. Bitcoin (BTC). Ethereum (ETH). Litecoin (LTC). Ripple (XRP). These cryptocurrencies are listed on their trading platform. 70Trades provides a platform for trading in the Forex market as well as other markets. Forex trading involves trading in currency pairs, and 70Trades offers leverage of 1:200 for Forex trading. In addition to cryptocurrencies and Forex, 70Trades also offers trading in commodities, shares, indices, and exchange-traded funds. Please note that trading in cryptocurrencies and other financial instruments involves risk and it’s important to understand these risks before starting to trade. Also, 70Trades charges a rollover fee of 0.50% on CFDs for cryptocurrencies due to their high volatility. This fee is charged on the overnight exposure of the trades. It’s also worth noting that 70Trades has a policy of no slippage, which means spot orders can be executed at the price the client clicks/quotes, during regular global forex market conditions. Lastly, 70Trades aims to protect the client’s trading account from ever reaching a negative balance by automatically closing all of a trader’s positions when their account equity reaches zero.

What is the Leverage on my 70Trades Trading Account?

Verkennen. Leverage on 70Trades Trading Account is a topic that many forex traders are interested in, as it can affect their trading performance and profitability. Leverage is the ratio between the notional value of a trade and the currency used to open the trade, usually the domestic currency of the account. It allows traders to control larger positions with a smaller amount of capital, but it also increases the risk of losing more than the initial deposit. According to various sources, 70Trades is a forex broker that offers leverage up to 1:200 for all accounts. This means that for every $1 in your account, you can trade up to $200 worth of currency. For example, if you have an account balance of $1000 and you use a leverage of 1:200, you can open a position worth $20,000. However, this also means that if the market moves against your position by 1%, you will lose $2000. Leverage can be a double-edged sword, as it amplifies both your winning and losing trades. Therefore, it is important to use leverage wisely and according to your trading strategy and risk tolerance. Some factors that you should consider when choosing a leverage level are:. The volatility of the market: Higher leverage can be more suitable for volatile markets, where price movements are larger and more frequent. Lower leverage can be more suitable for stable markets, where price movements are smaller and less frequent. The size of your position: Higher leverage can allow you to open larger positions with a smaller amount of capital, which can increase your potential profits. However, it also increases your exposure to market risk and margin calls. Lower leverage can limit your position size and reduce your risk exposure. The frequency of your trades: Higher leverage can enable you to trade more often and take advantage of short-term price fluctuations. However, it also increases the cost of trading and reduces your profit margin per trade. Lower leverage can encourage you to trade less frequently and focus on long-term trends. Your trading experience and skills: Higher leverage can be more appealing for beginners or traders who are not familiar with risk management techniques. However, it also requires more discipline and caution from traders who have more experience or skills in trading. Lower leverage can be more appropriate for experienced or skilled traders who have developed their own trading system or strategy. . In conclusion, leverage is a powerful tool that can enhance or diminish your trading performance depending on how you use it. Therefore, before choosing a leverage level for your 70Trades trading account, you should carefully consider your trading goals, style, risk appetite, and market conditions.

What kind of Spreads are offered by 70Trades?

70Trades is a state-of-the-art, easy-to-use trading platform that offers a wide variety of financial instruments. It is suitable not only for beginners but for experienced traders as well. Spreads: 70Trades offers fixed spreads, starting from 3 pips for EUR/USD. This is a key aspect of forex trading as spreads represent the cost of trading. A lower spread generally means lower trading costs, which can lead to higher potential profits. Leverage: The highest possible leverage offered by 70Trades is 1:200. Leverage in forex trading is a tool that allows traders to open positions much larger than their own capital. Account Options: 70Trades offers a Market Maker type of broker service with a minimum deposit of $200. They also provide day trading accounts. Assets: Traders can take advantage of an exclusive list of assets, including currency pairs, CFDs, commodities, cryptocurrencies, and indices. Platform: 70Trades provides an intuitive platform with all the financial information you need available at your fingertips at any given point. Research Tools: 70Trades offers several research tools, including a Portfolio Builder tool, a Live Data Center, an Economic Calendar, RSS Newsfeed, and Autochartist, which analyzes a substantial amount of data and trading patterns. Support: 70Trades provides a dedicated support team available from Monday to Friday, between 8:00 and 19:00 GMT. In conclusion, 70Trades offers a comprehensive trading environment with fixed spreads, a wide range of assets, and a variety of helpful tools. It’s a platform that caters to both beginner and experienced traders, providing them with the resources they need to make informed trading decisions.

Does 70Trades offer MAM Accounts or PAMM Accounts?

The information about whether 70Trades offers MAM (Multi-Account Manager) or PAMM (Percentage Allocation Management Module) accounts is not available. These types of accounts are common in the world of forex investing, allowing retail investors to tap into the expertise of professional traders. MAM accounts allow professional traders to manage multiple client accounts from a single master account. The master account is controlled by the trader and is linked to several sub-accounts, each owned and controlled by a different individual investor. The funds of the investors are pooled together and managed by the trader. As the trader executes trades in the master account, the same trades are automatically replicated on the individual sub-accounts according to the allocation percentage. On the other hand, PAMM accounts allow retail investors to allocate their funds to be managed by experienced traders. An investor deposits funds into a PAMM account, which are then pooled together with funds from other investor accounts. The appointed trader or investment manager then makes investment decisions on behalf of the group. Each investor’s share in the account is proportional to the size of their investment, and the profits or losses are distributed accordingly. It’s important to note that while these types of accounts can offer potential benefits, they also come with risks. Investors should carefully consider these factors and conduct thorough research before deciding to invest in MAM or PAMM accounts. It’s also recommended to consult with a financial advisor or professional for personalized advice.

Does 70Trades allow Expert Advisors?

In the world of forex trading, Expert Advisors (EAs) have become an invaluable tool for traders. EAs, also known as forex robots, automate trades based on certain trading criteria. This eliminates the need for traders to sit in front of their computers for hours, analyzing the market. However, not all forex brokers allow the use of EAs. The broker’s EA policy is one of the factors that traders need to consider before choosing a broker. Most forex brokers typically don’t have issues with EAs in general, but there might be some limitations for certain types of EAs. The search results do not provide specific information about whether 70Trades allows the use of Expert Advisors. The trading software that 70Trades provides their clients is called PROfit. However, it is not explicitly stated whether this platform supports the use of EAs. Therefore, it is recommended for traders to directly contact 70Trades to get accurate information about their policy on EAs. This will ensure that they can maximize their potential returns and smoothen their trading experience.

Does 70Trades offer Copytrading?

Based on the information available, it is not explicitly stated that 70Trades offers Copytrading. Copytrading is a strategy that allows traders to copy the trades made by more experienced traders. This can be beneficial for new traders or those who want to diversify their trading strategies. It can be automated, semi-automated, or manual. However, the specific offerings of a trading platform can vary and it’s always recommended to check directly with the platform for the most accurate and up-to-date information. Other platforms, like eToro, do offer Copytrading. Please note that trading in forex and other leveraged products involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.