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 Regulation Work In Malaysia?

How Does Forex Regulation Work In Malaysia?

The Forex industry is a huge market, moving billions of Dollars every day between hundreds of thousands of traders. However, it is also a fairly dangerous market for reasons besides the currency volatility and skill gap; its mostly-online presence has made it a seeming gold mine for scammers looking to make a quick profit from unsuspecting traders.

As such, it is imperative that you stay informed regarding how your territory regulates this industry, and even if your country has lax regulations, your broker’s country is also important when it comes to its trustworthiness.

So, in this article, we will go over Malaysia’s regulations and how it has changed recently.

Malaysia As A Nation.

Malaysia is a federal nation that has enjoyed a very fast expansion regarding its economic status in the last decade. In fact, many experts place this growth at around 40%.

When we take that into consideration, we can easily expect such a wealthy industry as Forex to gain popularity, and indeed, this has been the case.

This notable increase in wealth and living standards has rapidly placed Malaysia among the largest emerging economies in the Asian continent, and a promising birthplace for many successful Forex traders.

A Relatively Infant Industry.

It is critical to note how the increased economic growth has been a relatively new phenomenon, so it is consequential that the Forex industry is even newer. Therefore, the Malaysian environment can still be seen as a somewhat menacing environment for traders.

That is not only due to the overall dangers of the market but also because of ill-intentioned people.

You see, such an unknown industry lends itself to unscrupulous entities that may look to earn their living off naive newcomers.

However, while that is easily avoidable by simply staying informed, there is another issue regarding the federal constitution of the states.

As each state makes its own legislation, it may be difficult to keep track of which territory is best for business, and Forex may still be illegal in some states, but this only means that you need to be a bit more aware of the laws.

The Relationship Between the Malaysian Central Bank and Forex.

The central bank in Malaysia is Bank Negara Malaysia, and it is responsible for managing the Ringgit.

This is a very important body to keep track of since central banks are a major influence in Forex, due to how they directly affect their currency’s value.

True to this statement, the Malaysian central bank was a huge player back in the 80s. During Jaffar Hussein’s government, the bank quickly earned a substantial influence regarding the overall direction of the market.

In fact, the bank had to receive a request to stop trading, sent by the chairman of the Federal Reserve after realising how the speculation was influencing the economy; this resulted in a significant sale of its currency reserves until 1994, where it pretty much became insolvent.