Working Process of 70 Trades
70Trades makes the whole process of trading easy for the end-user who is inexperienced in trading art. Also, they are even helping beginner investors in the market to understand the core concepts and basics of trading efficiently. In short, they are playing an essential role for the traders where they are guiding them to keep their money secure besides facing any loss in trading due to lack of knowledge. 70Trades also help out their trader to refine their entire portfolio so they can encounter maximum investment in trading.
Is 70 Trades Regulated & Registered?
The primary question which most of the traders wants to know is whether 70trades registered and regulated or not! You need to be extremely careful to figure out this whole concept. 70Trades is a complete registered broker in Vanuatu. Plus they are regulated in Vanuatu. It is authorized by Vanuatu Financial Services Commission (VFSC) along with the license number 14654. In simple terms, they are somehow regulated offshore based on their rules plus regulations. But still, it is not entirely safe to use on an international platform. It is not secure for the offshore brokers and even for those brokers who are registered offshore. Through 70trades, your money is safe and secure. This is probably because they have the trading rules that are somehow different from the rest of the international regulations as well as international standards of trading.
Account Deposit Information On 70 Trades
70Trades are divided into three various accounts. These accounts are named as:
- Advanced level
- Pre account level
In favor of the entry-level account, the depositing amount starts at $200. For the offshore broker, this is quite a lot a high amount to invest. If you are not having sufficient information about the trading, then definitely you are at a high risk of investing such a big amount.
What is the Least Initial Deposit?
In 70trades, the initial depositing requirement is $200. This is quite a lot high in comparison with the demand of some brokers. Some of the brokers even demand low deposit. Always remember that the minimum requirements should always be performed to investigate the company services. The support of suitable capital should be backed in the trading system to make it run for the long term.
70trades has fixed spreads that usually starts from the level of 3 pips for the USD or EUR. Different other brokers on the fixed spread are offering remarkable and better conditions with the course of easyMarkets that is 1.0 pip on the EUR/USD. Fixed spreads give away the stability, but you can also look into the floating spreads as well.
Maximum Leverage Offered by 70 Trades
The maximum leverage that is offered by the platform of 70trades is around 1:200. This is much needed when it comes to a good trading strategy. High leverage can turn into a double sword where it combines both winning as well as losing trades.
What are the Trading Platforms of 70 Trades?
It is based on PROfit trading platform. You might feel weird when you compare it with the rest of the platforms. Its chart window is quite small, but at the same time, it can be adjusted too. This platform will offer a couple of few methods for payment. This will include credit card or debit card as well as Bank transfer. You can also make payments through e-wallets such as Netteller or Skrill.
Final Verdict – is 70Trades a Good choice?
When so many companies are competing for your business side, it becomes rather challenging to figure out which company will be the best choice for you to invest in. In the middle of so any shady brokers, 70trades is not a scam at all. In short, they are playing an essential role for the traders where they are guiding to keep the money secure. There are different customer reviews and various reliable sources who are evidence of the fact that 70trades is the best choice for you. Their customer review is always appreciable. All in all, we will state that to learn some basic elements about trading choosing the platform of 70trades is an ultimate option for you. Calling it a scam is a false notion until and unless you did not experience their services and trading standards.
So are you ready to visit 70Trades?