70Trades – is it worth the try?

70Trades Review

What is 70Trades?

70Trades is a cutting-edge, user-friendly trading platform with a diverse range of financial assets and a nice, intuitive interface. It is ideal for expert traders, but thanks to its useful research tools, it is also acceptable for beginners. 70Trades also offers a mobile app that allows you to trade with a single click from anywhere in the world. You may contact the free training and specialized support team five days a week, as well as receive live signals and updates and track market movements at any time.

70Trades Pros & Cons

Pros

  • Easy-to-use platform
  • Lots of assets
  • CFD trading is available
  • 5-up-to-15 First protected positions

Cons

  • Off-shore regulations
  • High-Fixed spreads
  • Not an average standard trading platform


Is 70Trades safe?

70trades is secure as its owner by Securcap Securities Limited, Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles, authorized by the Seychelles Financial Services Authority with License No. SD012. 

Top 70Trades Features

Make the most out of a unique range of assets with no fees or trading charges, including currency pairings, CFDs, commodities, cryptocurrencies, and indices.

Design that is user-friendly:

Beginner traders may find 70Trades’ user-friendly design helpful as they take their initial steps as online investors. The next-generation, user-friendly platform delivers all of the required financial data to meet the demands of any trader.

Elaborate research tools:

70Trades promotes investing for persons with less financial experience thanks to its extensive research tools. The 70Trades platform, on the other hand, is robust and engaging enough to meet the demands of any professional trader. By enrolling with 70Trades, you not only have access to all of the helpful tools, but you also gain access to free training. The Portfolio Builder tool, a Live Data Center, an Economic Calendar, RSS Newsfeed, and, perhaps most importantly, the Autochartist, which analyzes a large amount of data and trading patterns and saves you a lot of time and work, are all easily accessible.

Dedicated Support Team:

Every step of the way, 70Trades has you covered. Do not hesitate to contact their knowledgeable and pleasant Support Service, which is accessible Monday through Friday between the hours of 8:00 and 19:00 GMT. You may also count on your Personal Account Managers, as well as the various sorts of support agents and trainers that are always available to you.

70Trades Overview

Type of Broker: Market Maker

Regulation/Licensing: Vanuatu Financial Services Commission – VFSC regulator

Assets Offered: CFDs, ETFs, Stocks, Indices, Commodities, Currencies, Cryptocurrencies

Platforms Available: Web, Mobile

Mobile Compatibility: iOS, Android

Payment Types Accepted: Wire Transfer, Credit/Debit Cards, Skrill/Moneybookers, Neteller, Webmoney

70Trades Account Types
Entry level

The first 70 trades in a trader’s portfolio, according to 70Trades, are the most essential. This is why they’ve established a “VIP 70 trades” trading account with all of the tools a trader needs to get started quickly on your first trades.

Benefits

  • Introduction lesson with an expert
  • 1-on-1 trading session
  • Personal account manager
  • Trading tutorials
  • Beginners eBook
  • Super-low Fixed spreads
  • Service and support 24/5
  • Minimum Deposit from $200 to $1,000

Advanced

If you’ve traded before but need to brush up on your skills, 70Trades’ Advanced Level account is definitely the best option for you.

Benefits

  • Advanced trading tools
  • Access to Daily Updates
  • Personal account manager
  • 24/5 Support
  • 1:200 Leverage
  • Advanced trading course
  • Minimum Deposit from $1,000 to $4,000

 Pro

If internet trading is a part of your daily routine, you might consider the Pro Trader Plan, which is tailored to fulfill the needs of professional traders.

Benefits

  • Fast trade execution
  • Advanced trading tools
  • 1:200 Leverage
  • Technical Analysis
  • Access to Daily Updates
  • 24/5 Support
  • Currency charts
  • Minimum Deposit $4,000+

70Trades Trading conditions

Minimum Initial Deposit

The smallest initial deposit amount in 70trades is $200, but depending on what is the type of your account, it can go up to $4000.

Average spreads & Commissions

70Trades offers fixed spreads starting from 3 pips for EUR/USD.

Leverage

70trades’s highest possible leverage is 1:200, which is similar to other brokers.
 
But keep in mind that high leverages can be dangerous as well, as they multiply both your winning and losing trades.

  • Foreign Exchange currency trading (Forex): 1:200
  • Commodities trading: 1:200
  • CFD on Indices: 1:100
  • CFD on Shares: 1:10
  • 5 Protected Positions: 1:20

70Trades Pricing

Due to high volatility, the rollover cost on CFDs (Indices, Currencies, Stocks, and Commodities) is 0.02 percent of the overnight exposure and 0.50 percent on CFDs (Cryptocurrencies).

In accordance with 70Trades’ policy of no slippage, spot orders can be processed at the price the client clicks/quotes during ordinary global currency market circumstances.

Clients can receive consistent ask (buy) and bid (sell) prices with fixed spreads when the global FX market conditions are fluctuating. Spot orders can be filled at the price provided by the trader.

Service Details

Supported Languages: English, Spanish, and Arabic

Customer Service Hours: Monday – Friday between 8:00 – 19:00 GMT

Personal Account Manager: Yes

Final Overview on 70Trades

70Trades is a cutting-edge, user-friendly CFD trading platform with useful research tools. It is safe to use because the Seychelles Financial Services Authority has granted it license number SD012. The web version is simple to use and requires no installation, while the mobile version has all of the features of its larger sibling but is tailored to fit precisely in the palm of your hand. The First Protected Positions, which can range from 5-to-15 depending on your account type, are one of 70Trades’ most valuable features. This implies that you can trade without concern of losing money until you gain a better understanding of the platform. The best part is that if you succeed, you get to retain the profits from those protected deals!

Contact Info

Website:www.70trades.com
Telephone: +442031290685
Services Provider: Wanakena Ltd,Agias Zonis 4, Palatino Building, Flat/Office 202, 3027 Limassol, Cyprus

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