70 Trades is an online broker owned by Commodius FX Ltd, which is officially located at Law Partners House in Vanuatu. They offer CFD trading on stocks, currency pairs, commodities, and indices, and are authorized by the Vanuatu Financial Services Commission (VSFC).
Why 70 Trades is Unique?
70trades has a unique trading platform known as PROfit. This great platform is available on mobile and web-based versions and offers investors a variety of trading assets including market indices, bonds, currencies, commodities, crypto, and shares. Since most of the potential traders come from India, the United Arab Emirates, Qatar, and South Africa, the 70Trades website is available in English, Arabic, Spanish and Italian.
When 70Trades entered the forex trading scene, its priority was to simplify the trading process for novices. So the platform is structured in such a way that you can register and trade successfully on the platform no matter your level of expertise. Whether you are a beginner, advanced level trader or a professional, the 70trades platform is suitable for you.
However, the broker offers even more. Not only is its platform suitable for people with little to no experience, but 70Trades also provides 24/6 customer support. The customer service is in all the previously mentioned languages. Also here you can find a free demo account to practice your trading skills.
Security of Deposits
Many persons are concerned that the island of Vanuatu where 70Trades is registered is a hotbed for scammers and dishonest forex brokers, and rightfully so. However, this does not mean that all companies registered at this location are scammers.
The requirement for an initial deposit at 70Trades is $200. Though you can invest as much as you decide, for the beginners it would be ideal to start trading with the minimum amount.
70Trades is unique because of the many things they offer potential traders that other forex brokers do not. But this does not mean they are fraudulent in any way. They are a reliable broker with the main objective of helping traders of different experience levels achieve success.
Useful links, related to forex and 70trades
What is a forex company? (Wikipedia)
70trades official website – 70trades.com
Last update: 9.04.2020