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Review: What is 70Trades?

  • May 26, 2022

If you're reading this, I'm earning money in some way. I was compensated with money and/or product. Thanks for helping to feed my family. I also may have a financial interest in companies named. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not an accountant, lawyer, doctor, fitness expert, or nutrition specialist. So, talk to a professional before acting on anything you read, watch, or listen to below. Get your own advice and do your own research. Email me at [email protected] with questions.

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70Trades is a newly launched advanced brokerage platform that has taken the online trading market by storm. The platform itself is brand new but the brokers behind it are well experienced so the traders can utilize their experience to flourish quickly. 70Trades’ status is of a regulated broker that is completely reliable and transparent. In this 70Trades review, I am going to tell you about its parent company, features and trading tools in detail.

The owner of 70Trades platform is Securcap Securities Limited and it is based in Seychelles. It is registered and authorized by the Financial Services Authority. The firm has its physical presence in Mauritius and Cyprus as well. 70Trades is counted as a reliable platform for two reasons- a trusted parent company and certifications from multiple regulators.

Related: What You Need to Know Before Trading Crypto

Now, let’s move towards the features and services of this broker to cover all the necessary information regarding this broker.

Trading Products Offered by 70Trades

The venue, 70Trades, is authorized to offer services in various online trading markets that is why there are many forex pairs, indices, commodities, stocks and CFDs that may suit a trader according to his interests. Its clients have earned substantial amounts in gains with the help of its platform and automated trading tools. All the above-mentioned trading instruments offer numerous assets and collectively the number is in three figures. Below are a few examples of assets in which you can invest your money just to give you clarity of mind.

 Stocks

 Indices  Commodities

        Forex (pairs)

Apple CAC40 Gold EUR/USD
Facebook S&P 500 Oil GBP/EUR
Walt Disney FTSE 100 Natural Gas CAD/CHF
Google IBEX 35 Corn GBP/SEK
Citigroup NIKKEI Coffee USD/PLN
General Electric DOW JONES Silver NZD/JPY

Variety of Trading Plans Offered by 70Trades

The expectations and requirements of every trader are from his broker are different. This is usually because of the difference in their trading level and understanding of the market. Beginner level traders like to have educational courses and intuitive trading platform while advanced level professional traders want modern trading tools. To meet the requirements of its clients, 70Trades has devised three trading plans. Let’s see what these trading plans have in store for traders.

Entry Level Plan: This plan, as the name suggests, has been created for newbies hence it provides free e-books, basic training, 1:200 leverage and a personal account manager to monitor and guide wherever he feels the need.

Advanced Plan: This trading plan is suitable for those traders who have already worked in this market and now want to upgrade from average brokers to a broker who abides by all modern standards.

PRO Plan: This plan better serves the expert traders with it top-notch features such as the trading signals and a free tradency for a whole quarter year. This plan is mostly preferred by elite class traders but the broker welcomes everyone without any discrimination.

Trading Conditions Implemented by 70Trades

As I have stated earlier that the broker is very transparent, it has kept all its conditions open for public to see.

  1. Forex, Commodities and Indices can be traded at any time on all working days.
  2. CFDs traders have to abide by the timings of their local market such as the US, European and Asian markets.
  3. Rollover fee is preset at 0.02 percent on all trading Instruments except cryptocurrency CFDs.
  4. Maximum leverage to be provided to clients is 1:200.
  5. Inactivity fee of 500 dollars is only applicable if the account remains inactive for 3 months straight away.
  6. In case of non-activity for 45 days, the broker has the right to remove the existing credit.
  7. An amount of 200 dollars is required to be deposited at the time of registration.

Enjoy Safe Trading with 70Trades

Online trading has plenty of risks attached to it and a trader can suffer a trading loss at any time of his career regardless of his experience. But a good broker can reduce the chances of loss by providing suitable and trader friendly trading environment. 70Trades is a broker that has left no stone unturned to make its trading platform reliable for its clients. The broker understands very well the importance of security.

Balance Protection: the first step taken by 70Trades to ensure safe trading environment for its clients is the Balance protection feature. This feature halts all the trading activity in case of a loss to prevent balance from going in negative. In this way traders are kept from being indebted to the broker.

Different Bank Accounts: the broker has partnered with all the famous financial institutions to ensure safe and fast deposits and withdrawals. The banks also provide segregated accounts which serve the purpose of keeping traders’ investment money separate from broker funds so that they money is not misused.

Risk Management: 70Trades is always ready to bear the instability of online trading markets. The man power of the broker comprises of experts who take every required step to ensure that the trades and clients remain protected.

Unique Trading Tools at 70Trades

If we take 1 dozen online brokers and check their features, we will find that almost all of them claim to be providing the same trading tools. This is mainly because 90% go with the easy way to adopt the MetaTrader 4 platform. On the other hand, 70Trades is one of those few brokerages that have a dedicated trading platform that is why its trading tools are unique. Below are some of its most impressive trading tools.

Portfolio Builder Tool: To be very honestly, I had never seen this tool at any other platform before. This amazing tool helps to ascertain in which assets a trader should invest his funds. The tool generates results on the basis of four parameters.

  1. Age of the trader
  2. Experience
  3. Preferred risk
  4. Investment

The results generated by this tool are presented in graphical form. In this way a trader comes to know what percentage he should invest in every trading instrument.

Live Data Center: This useful tool provides data of every asset a trader may want to invest in. It shows a         sign on every down performing asset and a        sign on every profitable asset. It also shows the recent price movement of the selected asset in charts for better understanding of clients.

Economic Calendar: Another mesmerizing trading tool of 70Trades is its economic calendar. This calendar is updated after every five minutes interval and shows the actual, previous and expected prices of various trading assets. This tool is powered by Investing.com.

Courses Offered by 70Trades for Traders

Traders’ training is very important for any broker because if its clients don’t perform well than it features are of no use. To enhance the individual trading capabilities of its traders, 70Trades has three different courses for its traders which provide 1-0n-1 training through e-books, video tutorials, and webinars. These courses cover crucial topics such as key terminologies, market analysis, portfolio management, macroeconomics, and political influence on the markets.

Apart from the above mentioned courses, the broker has designed market specific courses as well like the commodities trading course and Gold and oil trading courses. Some free lessons are also available on the platform in the form of attractive animated videos.

Customer Support at 70Trades

Customers’ support is an essential component for a brokerage platform if it wants to retain its customers. Customers’ opinion should be valued and their concerns should be elevated at all costs. 70Trades has always given everything to satisfy its clients and it has developed a robust customer support section. Its customer support agents remain available for technical support and feedback 24/5 which means they are not available on weekends. Traders can use any of the below mentioned mediums to communicate with the broker.

  • Whatsapp
  • Telephone call
  • Email
  • Contact form
  • Physical Address (Cyprus only)

Accepted Deposit and Withdrawal Methods

70Trades accepts payments through multiple legitimate channels but traders should keep in mind that the broker’s policy is strictly against money laundering and it has implemented the AML policy to its fullest. After registering yourself with 70Trades through a simple form, you can deposit funds in your account via wire transfers, credit/debit cards or through online payment apps such as Neteller, Skrill, EcoPayz, and RuPay.

The same three methods can be used to withdraw profits as well. Traders can apply for a withdrawal and get approval on the same day as this broker never procrastinates withdrawal requests intentionally. Furthermore, 70Trades maintains a detailed record of each transaction due to security reasons.

Final Remarks about 70Trades

70Trades is a transparent broker as it has disclosed all its trading conditions for all and sundry. Its reliability has been proven by its security features and testimonials from its existing users. With the wide range of trading instruments, educational courses, and the trading plans in sight, it is very easy for me to declare it one of the best brokerage platforms. I sincerely recommend you this broker and a advise you to take full advantage of its trading platform and trading tools.

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