70Trades Scam Review >> There are many FX and CFD brokers available presently. And each has its own unique way of describing and presenting its own features. On the other hand, for inexperienced or busy traders, looking through all of the features individually is tough and time consuming. This article will breakdown the components of 70 different trades in order to better understand their purpose.
70Trades is an online forex and CFDs broker that offers a trading platform for trading currencies, indices, stocks, and commodities. It was reportedly founded in 2016 by Commodius FX Ltd and is headquartered in Vanuatu at Law Partners House. Additionally, it is licensed by the Vanuatu Financial Services Commission under licence number 14654. (VFSC).
70Trades Contact Information
- www.70trades.com is the official website.
- +442031290685 is the telephone number.
- Address – Wanakena Ltd, Agias Zonis 4, Palatino Building, Flat/Office 202, 3027 Limassol, Cyprus
Trading Platform
It is a very user-friendly website that supports many languages and also provides customers with online trading courses. Training courses at all levels, as well as market news and updates, are easily available. Additionally, a fast withdrawal procedure and expert trading analysis are included.
The 70trades platform is beginner-friendly, and customer support is available 24 hours a day, five days a week.
The trading platform facilitates the execution of 70 different transactions. Although some may find the chart window to be too tiny, you may change it to your liking. If you are used to other trading platforms, you may first feel uneasy. You will, however, get used to it as a result of its web- and mobile-based trading platforms.
The web-based trading platform has a slew of unique features.
You may create an account, manage your trades, and check your account balance using their sophisticated and user-friendly mobile platform, Mobile Profit App.
70Trades Tools
Each of the gadgets offers a variety of advantages. Auto chartist is a powerful tool for doing technical, fundamental, and statistical analysis. This tool will benefit both inexperienced and seasoned users. In a nutshell, this programme will search the market for profitable opportunities and choose the most lucrative ones.
And the Portfolio Builder will make creating a portfolio a breeze. This tool is intended to help traders in customising their trading criteria and constructing a portfolio that meets their needs.
The Live data centre is overflowing with the online data required for your transaction. Once again, this utility is well-designed and organised.
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The economic calendar is given to keep you informed of daily events that may affect the value of currencies and commodities.
Types of Accounts
Three different types of accounts are available under identical trading conditions. The following are some of the advantages of these accounts:
To open Basic account
- a deposit of between $200 and $1,000 is required.
- You are taught the basics by an expert.
- eBook Trading Tutorials for Beginners, Trading session conducted by a single individual Account manager assigned to you
- Fixed spreads that are very low
- Customer service and assistance are available 24 hours a day, seven days a week.
Advanced Account
- A deposit of between $1,000 and $4,000 is required.
- Advanced trading instruments
- 1:200 Course on Advanced Trading Leverage
- Daily updates are provided.
- An account manager will be assigned to you.
- Assistance is available. Seven days a week, twenty-four hours a day
To establish a Pro Account
- a minimum deposit of $4,000 is required.
- 1:200 Leverage
- Advanced trading instruments
- Daily updates are provided.
- Assistance is available. Seven days a week, twenty-four hours a day
Payments
70trades accepts deposits and withdrawals by credit/debit card, WebMoney, Skrill, Neteller, and bank wire transfer. You may withdraw at any time, and the procedure typically takes between two and six days, depending on the method used.
Additionally, for your protection and safety, they need identification verification for each withdrawal. As a result, it provides anti-fraud and anti-money laundering protection.
Is 70Trades a Scam?
Almost everything can be found online with both good and bad reviews. However, after reading all of the reviews and doing my own research, I am certain that 70trades is not a fraud. They are not going to just grab your money and go.
70trades is one of the finest sites to invest in if you are a novice due to its ease of use. You may also give it a try if you are an experienced trader. You may make money if you understand how to use the site properly. Additionally, customers enjoy the company’s prompt and well-reviewed customer service.
I’ve expressed my view on whether or not it’s safe for you. You may discover more about 70trades.com by doing further research.
Verdict
The spreads on this platform are very high, at 3 pips, making trading on this platform extremely costly. Apart from that, this website is amazing.
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