What Is 70 Trades? Scam, Fake, Fraud or Reliable Broker?

What Is 70 Trades? Scam, Fake, Fraud or Reliable Broker?

There has been a lot of buzzes lately about online trading and the several brokers which are nothing but scam. This has led people to a lot of misconception about the genuinely of the whole online trading thing and has also discouraged many from taking the road.

However, even though the Forex industry is full of scam today, that doesn’t remove the fact that there are reliable brokers out there that can still help people up the ladder when it comes to investing online. There are many advantages you can gain from partnering with a reliable broker in your investment journey.

But how can you be sure a company is trustworthy before you choose them?

When you have more control over your investments, how can you be sure you are making the right investment choices?

If you don’t have a clear-cut answer to these questions, then having a broker like 70 Trades will be a perfect decision you could ever make.

So let me tell you some things about 70 Trades. I’m sure by the end of this review, you will be able to tell if 70 Trades is actually reliable just as many reviews have said, or they are just another scam or fraud.

How Reliable Is 70 Trades; Are They Fraud or Scam?

This is a very good question. In fact, you are going to be choosing your broker without first asking this, then you have just increased your chances of falling into the wrong hands.

So to the question. 70 Trades is a very reliable broker every Forex trader will like to partner with – both beginners and the experienced ones.

70 Trades is a website that acts as a forex broker. They have dedicated themselves to helping traders have the best experience trading online. Even without any knowledge, you can trade like a pro with 70 Trades by your side (many of their reviews agree with this).

Another wonderful thing about them is that they are also committed to ensuring beginning investors have a good understanding of how online trading works so they can make the best decisions for themselves.

Why Are They Called 70 Trades?

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These brokers are fully committed to making sure their clients succeed when trading with them, and this commitment has led them to discover that it takes around 70 trades to gain a better understanding of how trading works and become a more experienced trader. That way, it becomes easy for them to help their traders keep their money rather than lose it due to lack of knowledge in trading.

Most traditional robo-advisors do ask their clients some questions in order to help them build their portfolios. 70 Trades takes this a step further by helping their traders refine their portfolios so that making the most from their investment could become a realizable dream.

Trading Has Become Much Easier with 70 Trades

I always recommend 70 trades especially to people that have little to no experience in trading. Not only is reaching 70 trades very easy and free, but they also offer 27/7 multilingual support to their users.

Withdrawing on the platform is super easy and traders have complete control and access to their accounts. To keep things simple and easy to use, they also offer one-click trading to cater for your trading needs right away.

How Protected Are You with 70 Trades?

Of course, trading comes with many risks which is why protection cannot be taken for granted. In order to ease fears and keep traders from losing their hard earned money, 70 Trades offers some protections for their traders. A very good example of such ways they ensure the safety of your money is through their partnership with several banks.

They have verified RBI authorized banks as their partners. What this means is that deposit will be very easy and simple, and your capital will be separated from the company’s capital. Your money will be secure and there won’t be any need for paying large commission rates or deal with unnecessary intermediaries, of which many of them are fake and fraud.

What Can Beginners Gain from 70 Trades?

Irrespective of your trading experience or level, 70 Trades provides quality and educative online courses, training sessions, and one-on-one coaching for their users. It is one of the ways 70 Trades get to educate their traders. There is more! They also provide different webinars with other investors throughout the whole world in the bid to provide help and support to their traders.

You Can Predict Currency Behavior

This is another thing that might interest you about 70 Trades which will also help you be more assured they aren’t scam. They allow you to predict currency behavior so you can make smart investments. What this means is that it will help you calculate the value of the currencies you are trading with, so you will be able to buy when the price goes down and sell when the price is high. That is a pretty smart way to make a quick return on your money.

A Demo Account to Further Help Beginners Learn the Rope

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70 Trades also offers a demo account for people who are still learning and want to see how everything works. This type of account will allow you to practice your trading skills until you have fully mastered the rope. That way, you can build confidence and then move to the deep end of the pool once they are ready.

You Can Be Sure of Getting Your Needs Met

Unlike some traditional brokers that give up on traders immediately they go from being new and inexperienced to advanced or professional, 70 Trades provides professional training courses and investor guides. That way, they offer a hand of help to traders as they move up the ladder even to investments that come with higher risk. 70 Trades is not  scam, fraud, or fake. They are a very reliable broker every young trader can trust.

70 Trades Is the Perfect Choice for You!

With so many different companies competing for your business it can be difficult to determine which company is a good choice for you to invest with. Although there are some shady brokers out there, 70trades is not a scam. There are already plenty of reviews from users as well as other reliable sources that indicate 70trades is a company that is here to stay. In addition, from all appearances, it looks like we may be hearing more about them in the future.

You want to hear my opinion about this broker, I will say you should go ahead and trust them. They are very reliable and helpful. This will be the best decision you have ever made!

How Does Forex Trading Works In India

How Does Forex Trading Works In India

India is located in Southeast Asia and during recent years, this country has been seeing significant improvements in its economy with a rapid expansion as well. These economic improvements caught a rising interest in the Forex Market.

India: Rising market

India gained a reputation in a matter of months for being an emerging market economy in the Asian region, but don’t expect to jump and start winning since its rapid change and growth also attracted unscrupulous individuals who seek no more than profiting from the inexperience of many users.

However, there are no reasons for you having to learn this the hard way, stepping blindly over a scamming minefield. It is easy to stay safe from ill-intentioned people if you stick to reading reviews before choosing a Forex broker.

Regardless of the possibility of scammers, Forex in India is, as per the title, a rising market. Forming industries are usually a gold mine for people who can identify and catch the opportunity, and this looks like one.

An inexperienced market also means that volatility is high as people are testing the waters and making mistakes, so studying and preparing yourself before the rest can place a trader in the perfect spot for short-term earning.

Is Forex Trading legal in India?

To avoid fraudulent activities, Forex trading in this country is only legal with a registered and approved financial institution, but according to many, that rule only applies to physical currency and retail Forex Trading; online trading wouldn’t fall in this category since users trade theoretical money.

And for those who seek to trade Forex legally in India easily, well there are many approved institutions available for Forex Trading.

The reason why the nation has issues with Forex is that they are a developing country, and they want to control the value of their currency to some degree. They also tend to overlook the many ways that Forex can be traded using other currencies, primarily since it doesn’t involve their currency.

And while it is legal to trade Forex in many ways, it is strictly prohibited to trade Forex with other’s found and soliciting funds to trade, and anyone who gets caught doing it will get in trouble for it. Nevertheless, the line of legality in India is hazy at best when it comes to Forex.

Control over Forex

The idea of the rules set by the government about Forex was to let them be able to act if they see fit. This is why there are many legal ways to trade forex in India, as long as the government reserves the right to have some control over what’s going on.

So as long as you are aware of this as you carry out your career, you will be fine trading. Why? Because of how Forex trading and Forex brokers in India are still relatively new concepts, so the Government will always keep an eye behind looking over it.

That is because the overall legislation in India can be very confusing, and a lot of people go on their merry lives without knowing exactly what is illegal and what is not. That is also the reason why Forex is often overlook by the authorities.

The laws can be so confusing at times that the authorities just default to acting once someone becomes affected.

So the best advice for those who want to trade in India would be to stay on your business, trading with a reliable broker, with your funds, and not bothering anyone or being too public about it, you will be fine.

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.