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: all you should know before starting

70 Trades: all you should know before starting

Now that you have ventured into forex trading, you need a broker that will act as a medium of exchange with the forex market. You’ve made the best decision by chosen 70trades as your ideal broker. But you shouldn’t wet your feet blindly. You must arm yourself with the right information to climb the investment ladder.

We’ve got a detailed guide to take you through 70trades and know what is expected from both of you. Remember, this is a collaboration, and both parties should play their parts.

How 70trades operate

Unlike other forex brokers on the web, forex uses one of the least popular trading software called PROfit. The platform is straightforward to adapt to and use. That’s why it is the go-to platform for newbies.

The software possesses features like shares, market indices, bonds, built-in currencies, and commodities.

Since trading is a volatile venture, pouncing in it without a plan is unwise. However, most brokers don’t have programs to introduce newbies; hence, they end losing loads of cash. It’s the reason why they allow you to trade with as little as $50. For 70trades, the least amount of money you can start with is $200. Don’t let the figure fool you; they have a way of compensating for this high requirement.

The broker has a demo account for starters. You use the account to practice investing and familiarizing yourself with forex trading. Some of the things you’ll learn with the demo account are making investment decisions and getting acquainted with master techniques. When you are good to go, you can throw in your $200 and practice what you learnt in the demo.

One of the characteristics that make 70trades stand out is having a traders’ protection policy that prevents any negative balance. It’s one of the most common trading challenges that traders face, and you can end up losing more than what you expected to receive.

Forex trade advisers and experts stress on this issue. Not all the forex brokers do this while still allowing you to trade in the platform.

Earning and Withdrawing Money

You ventured into forex trading for money. It doesn’t come easy, and your strategies must be right. Plus, you must know your time to drop down from the business.

The maximum ratio leveraging the risk factor for your transactions is about 1:200. On such immense proportions, you can either make big wins or big losses. Since you don’t know what to expect, you can consider it a high risk.

Once you’ve started earning money, the only thing that remains is withdrawing it. The platform doesn’t have issues here, but you need to get everything right.

For instance, you must have a valid bank account and successfully initiating a withdrawal request. Whether you are using PayPal, WebMoney, skrill, Bitcoin, or credit card, you are good to go.

Summary of 70trades features

You should first know that what 70trade offers is more than what you’ll get from other competitors out there. Why? Here are some features to prove that point.

As much as their platform layout is not the typical MetaTrader 4, it isn’t hard to get the hang of it. You will find this new or strange altogether, but you’ll love the experience of cruising through the platform. The first thread starts at 3 pips which can only work in the USD/EUR pair. When compared to the brokers in the industry, this might sound high, but remember that you already got a free demo and got trained.

The platform also offers professional advice from experts if you want to delve deeper into the forex market. They have divided the class into 3, the beginner intermediate and expert levels. All the classes have different bouquets which grow as you go up the ranks. By the time you’ve set foot on the expert level, you’ve got ideas on risk management, technical forex trade strategies, and analysis.

Bottom-line

Whether you are an expert or beginner in forex trading, 70 trades offer you a good platform to try out your luck. The free guides and tips you will get are golden opportunities that traders using other forex brokers envy. So don’t waste your time, use it while you still can.

 

Broker 70 Trades (Review): Read!

Broker 70 Trades (Review): Read!

The online trading has become in the last few years an option for everyone, so, there are a lot of options to trade. This business is volatile and risky, that’s why it is necessary to know with what kind of platforms and companies you are going to work, this why you will be able to trust in them. We offer you a review of one of these sites.

One of the trending options now is 70 trades. It is a new platform to trade, but, as any new thing, it is scary to work with it because we are working and putting our money in risk.

First of all it is necessary to know what 70 Trades is.

Searching in many reviews, comments and one or another opinion, the most simple definition of 70 trades is that is a forex broker that will offer you and every one of its customers  three account types, it also has a trading software called PROfit.

At first this trading platform has a chart window which compared to other platforms is relatively small, but it does not really matter because it can be easily and quickly adjusted.

One of the good things about this broker is that it offers a variety of assets to trade, for example: Bond, market indexes, currencies, commodities and shares. You can find it in Arabic, Italian, Spanish, French and English. It is owned by commodious FX Ltd., a Vanuatu financial services commission.

One of the things that is important to know if you want to use 70 trades, is if it has a license, and it does, it shows a license from Vanuatu, an island in the pacific ocean.

70 trades as a forex broker offers forex trading services through 70 trades mobile and web trading platforms.

Its creators learned that it takes about 70 transactions for an investor to become an expert in the world of trading.

So, ¿what are the different kind of accounts you can open in 70 trades according to all the comments heard?

In all the reviews seen in the web, we can find these types of accounts:

  • Entry level: it has a minimum deposit of 200$ and a maximum leverage of 1:200
  • Advanced: its minimum deposit is unknow and its spread is fixed from 3.0 pips
  • Pro: just like the advance account, the pro account has an unknown minimum deposit.

The deposit that 70 trades requires to start is a little bit higher than what others brokers demand, some brokers even let you start with just 5$. However, they have a protection policy that will prevent the client´s account from turning their balances into negative.

So, that will make that the trader is never capable of lose more than the investment they make at the beginning. They truly care about the client´s safety.

This platform count with partnerships which have a leading of banks, this way they will help you ensure a really simple and easy deposit, this will separate your capital from the company´s capital, like that, it would be a win-win.

It offers many trading tools that will assist you (as a trader) on every one of the levels to make the best use out of this new service, also, you will have total control of your account. Of course it all depends on your opinion in this case.

According to others reviews, 70 trades will help you if you are a new trader, you know, if you are just getting started in the world of trading, ¿in which way?, well it will guide you to develop some skills to be a little bit more familiar with trade. This way, it will be possible that even if you are an early trader you are able to make greats trades and at the same time, you´ll learn the in’s and the out’s of this particular type of investment.

It offers different payment methods, such as: credit or debit card, bank transfer and e-wallets like Netteller or Skrill.

70 trades has a high leverage, even though this can be good or bad, like a double-edge sword, because it will amplify both your loosing and winning trades. That means that it doesn´t matter how good it sounds, we can´t get blinded by the lights because it can be dangerous. In the USA, regulators decided to set a capital for every level offered to retail clients maybe at 1:50.

This brokerage firm has another big plus, they handle coaching excellently. Regardless if you are starting to invest or you are a professional trader, they will provide you educational materials and resources (all those will be available for you). Also they will give you oil trades, courses for gold and commodities.

70 Trades, our opinionreview-70-trades

Some comments you can find in the web are:

  • “70 Trades gave me confidence in many situations about the online trading fields and compared to others services, it is really fine”
  • “Is cool to work with it, because when you start trading they will give you a USD 200 bonus just to begin”
  • “Is better to trade with currencies instead of bitcoins, and 70 trades is a nice place to start trading”

70 trades is a good broker to start trading. Its trading platform is really simple, nothing spectacular, but it does its job if we are talking about manual trading. Also some people have accused the site to be a scam; anyone interested can make a research and verify its authenticity. Many sites are often accused of scamming when there’s money involved, but in these cases it is recommendable to read the reviews, investigate, and specially, invest with precaution. Remember that one of the keys of forex trading is never to invest more than what you are willing to lose.