70trades: fake or reliable broker?

70trades: fake or reliable broker?

Forex trading is a highly profitable market and, as a result, it has become one of the leading trading options for investors looking to test their skills in an industry that is more puzzling than the typical stock exchanges. However, forex trading can quickly get confusing and challenging, and you could lose your money if you do not know what you are doing. Therefore, finding success in this trading environment will require the services of a reliable broker.

But finding a reliable broker in forex trading can be difficult. Many people believe that forex trading is a scam altogether and that its process is illegal. Though there may be some grey areas in forex trading, it is perfectly legal and not fraudulent. It is the broker that could turn out to be a scam. However, there are reliable forex brokers that can help you work your way to the top of the investment ladder so you can earn loads of money for your efforts. This is why the 70 Trades online trading platform is an important topic.

Why 70 Trades?

The name feels a bit weird, especially for a new broker. But there is an explanation: following extensive testing and research, experts at 70trades revealed that it will take at least 70 trades to achieve success and high returns on investment. Never has a truer word been said! In order to be successful and make constant profits via forex trading, consistency is key.

Is 70 Trades a Scam?

Without any bulletproof evidence, it would be unfair to claim that a broker is fraudulent or a scam. Many persons have expressed concerns as the broker is registered in Vanuatu – a place which is quickly becoming a hub of subpar brokers, as you only need $2,000 to set up a brokerage there. But does this make 70 Trades a scam?

Am I Safe With 70 Trades?

One of the major concerns people have with online forex brokers is how safe their personal and banking information will be. Though a broker can only do their bit to ensure the protection of an investor in the face of trading risks, there are some unique features on the 70trades that ensure the safety and security of an investor’s details.

First, 70 Trades partners with different banks, including verified RBI authorized banks. RBI authorized banks keep customers’ deposits in safe place through an easy and straightforward process. The money traders deposit is separate from the company’s capital and there are no huge commission rates or unnecessary intermediaries which could be fraudulent. So, you can rest assured in confidence that your money and personal information is as safe as possible.

Another big perk is the protection policy of 70 Trades. This policy prevents traders’ accounts from going into negatives. Keeping track of your gains and losses can be a bit tricky in forex trading, but with 70 Trades protection policy, investors are sure they cannot lose more than they have invested.

70trades is a Reliable Broker

70 Trades is a registered broker that offers security and instills trust in the way the brokerage is run, and it is an excellent resource for trading information.

Most forex brokers target newbie brokers who have little to no trading experience. This is because it is easy to trick them into investing lots of money really quick. It is hardly surprising that reliable trading platforms like 70 Trades get caught up in the web of negative reputation.

Customers are the drivers of any business – and 70 Trades has a significant number of happy clients that trust them with their investment.

Last update: 16.04.19

70 Trades Last Review: Is 70trades a good broker or not?

70 Trades Last Review: Is 70trades a good broker or not?

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:

  • Entry-level
  • 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?

Save The Bills 70 Trades Review

This review about 70 Trades was published on www.savethebills.com.

“Among next generation forex brokers, 70 Trades is the clear leader. Their unique approach to providing educational resources, giving more control to their users and their full mobile capability means that customers can truly maximize their trading skills here.”

If you want to read more click here: Save The Bills 70 Trades Review

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