Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

70Trades

Seychelles|5-10 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://www.70trades.com/home

Website

Rating Index

Influence

Influence

C

Influence index NO.1

United Arab Emirates 3.05

Surpassed 60.03% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+65 8449864869
customer.service@70trades.com
https://www.70trades.com/home
Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+65 8449864869

Broker Information

More

Company Name

Securcap Securities Limited

Company Abbreviation

70Trades

Platform registered country and region

Seychelles

Company website
Twitter
Facebook
YouTube
Linkedin
WhatsApp
  • 447418375067

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-03-02
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD012) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed 70Trades also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IC Markets

8.92
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXCM

9.46
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

FXGT.com

7.61
Score
2-5 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

70Trades · Company Summary

General Information & Regulation

70Trades, a trading name of Wanakena Ltd, is allegedly a broker registered in 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus with registration number 379327, claiming to provide its clients with the web-based and mobile trading platforms, leverage up to 1:200, a wide range of tradable assets, as well as a choice of three different trading plans and 24/7 customer support service.

Market Instruments

70Trades advertises that it offers a wide variety of trading instruments in financial markets, including commodities, forex, futures, stocks, indices and Bitcoin.

Trading Plans

There are three trading plans offered by 70Trades, namely Entry Level, Advanced and Pro. Starting an Entry Level plan. However, there is no information about the minimum initial deposit requirement specified.

image.png

Leverage

The maximum leverage ratio provided by 70Trades is much higher than most brokers, up to 1:200. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform Available

When it comes to trading platforms available, 70Trades gives traders two choices: the Web profit app and the mobile profit app (suitable for Apple and Android). Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

image.png

image.png

Tools

Also, 70Trades provides its clients with some trading tools consisting of Portfolio Builder, Live Data Center, Economic Calendar and RSS News, whose interfaces seem to be quite simple and easy to use, just as the following screenshots show.

image.png

image.png

image.png

Deposit & Withdrawal

From the logos shown at the foot of the home page on 70Trades official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, which include but are not limited to Visa, MasterCard, Maestro, Bank Transfer, Skrill, Neteller, ecoPayz, Paysafecard, Fast Bank Transfer, etc., yet we cannot be sure if these payment options are all available.

image.png

Customer Support

70Trades customer support can be reached by telephone: +6531592317, WhatsApp: +2482577534, email: customer.service@70trades.com. Besides, you can also follow this broker on some social media platforms like Twitter, YouTube, LinkedIn and Facebook. Registered address: 73 Arch. Makarios III Avenue, Office 301, 1070 Nicosia, Cyprus.

News

Clients Reviews: What Are Investors Saying About 70Trades?

NewsClients Reviews: What Are Investors Saying About 70Trades?

2023-01-31 14:00

Scams have always been a dark side of the forex industry. Back in the old days, it was hard for new traders to tell a scam broker from a real one due to the lack of resources.

WikiFX
2023-01-31 14:00
News
Clients Reviews: What Are Investors Saying About 70Trades?
WikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades

NewsWikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades

2022-09-14 14:31

Scams have long been a problem in the Forex market. Due to a lack of resources, it was difficult for inexperienced traders to distinguish between a legitimate and a fraudulent broker in the past. However, times have changed. It is now much easier to avoid fraudulent Forex brokers. It merely takes a few minutes to read up on basic information on independent reviewing websites like WikiFX and determine if the broker is worthwhile. This essay will draw your notice to a dubious broker, 70Trades.

WikiFX
2022-09-14 14:31
News
WikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

yac
0-3months
Beware, it is 100% scam and fake platform. They will continuously pressurize you for deposits, they will force you to open positions to loose all your balance and ask for more deposits. It is 100% fraud and scam platform. I had a terrible experience and they made me loose 100K due to the recommendation of their account manager that they assigned to me. I am warning all users to stay away from this fake broker.
2024-01-10 13:58
Reply
0
0
孙秀香
more than one year
70Trades is registered in Vanuatu. We all know that this place is famous for issuing offshore licenses, but this company doesn't even have an offshore license. I don't recommend everyone to trade with it.
2023-02-16 10:12
Reply
0
0
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com