70Trades is a CFD trading Forex broker that is owned by Commodius FX LTD, which is located at: Law Partners House, Kumul Highway, Port Vila, Vanuatu. Their payment processor is Daufin Ltd, which is located at 788-790 Finchley Road, London, United Kingdom.
The trading software that 70Trades give their clients is called PROfit. The PROfit trading platform for Forex and CFD is available as either the web based version or in mobile. They offer a variety of assets to trade including; Currencies, Market Indices, Shares, Bonds, and Commodities . The brokers website is available in English, Arabic, French, Italian, and Spanish. The majority of their traders come from GCC (Gulf Cooperation Council) countries like United Arab Emirates, Saudi Arabia, Qatar, Oman, Malaysia and South Africa.
When trading CFD’s or Forex, most of the time you are using some margin which is can very risky if you don’t know what you are doing. Make sure you understand the risks of leverage trading and margin calls. The minimum credit card deposit for a new trading account is $300.
When you review the various brokers available, the first thing that most investors check to see if a valid license for the broker. Different countries have government regulators who licensed and monitor Forex brokers, to ensure they are in compliance with local laws, and they provide a protection to investors in the event of the broker becoming liquid. You can see some of the popular licensed brokers here.
70Trades has a license from the Vanuatu Financial Services Commission as a Dealers in Securities.
Smart investors will always compare a few different online brokers, before making their final decision.
What was your experience trading with 70Trades? Please share your experience in the comments section below.