70Trades is an offshore CFD Forex broker, that is owned by Securcap Securities Limited.
They are officially located at: Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. Contact phone number in United Kingdom is: +442031290685, and their email address is [email protected]. Officially website is at: 70Trades.com, and to login into your account, go to: https://70tradeslogin.trading-tech.com/.
For broker complaints or withdrawal problems read this.
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 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.
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Is 70Trades a Legit Broker?
70Trades’ parent company Securcap Securities Limited, has a license from the Seychelles Financial Services Authority, license number SD012. Their payment processor is a company called Wanakena Ltd, which is located at: Agias Zonis 4, Palatino Building, Flat/Office 202, 3027 Limassol, Cyprus.
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.
Australia ASIC Warning “ASIC urges all investors considering trading in margin Forex and other financial products, to check they are dealing with an entity that is licensed in Australia.”
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Smart investors will always compare a few different online brokers, before making their final decision. You can see some of the popular licensed brokers here.
What was your experience trading with 70Trades? Please share your experience in the comments section below.