70Trades-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2025-06-18 16:33

Abstract：70Trades is a broker that is registered in Seychelles. The tradable instruments with a maximum leverage of 1:200 include indices, commodities, stocks, and currencies. The broker also provides three plan accounts. 70Trades is still risky due to its Suspicious Clone status.

70Trades Review Summary
Founded	2016
Registered Country/Region	Seychelles
Regulation	FSA (Suspicious Clone)
Market Instruments	Indices, Commodities, Stocks, Currencies
Demo Account	❌
Leverage	Up to 1:200
Spread	/
Trading Platform	Web Xcite APP
Minimum Deposit	/
Customer Support	24/7 multilingual support
	WhatsApp: +447418375067
	Email: customer.service@70trades.com
	YouTube, Twitter, LinkedIn, Facebook

70Trades Information

70Trades is a broker that is registered in Seychelles, offering trading in Indices, Commodities, Stocks, and Currencies with leverage up to 1:200 via Web Xcite APP.

Pros and Cons

Pros	Cons
Various tradable instruments	Suspicious clone FSA license
24/7 multilingual support	MT4/MT5 unavailable
Popular payment options	Demo accounts unavailable
	Unclear fee structure
	Unknown minimum deposit

Is 70Trades Legit?

70Trades holds a Suspicious Clone license, making it less safe than regulated brokers. Please be aware of the risk!

Regulated Authority	Current Status	Regulated Country	Licensed Entity	License Type	License No.
Seychelles Financial Services Authority (FSA)	Suspicious clone	Seychelles	Securcap Securities Limited	Retail Forex License	SD012

What Can I Trade on 70Trades?

70Trades offers a wide range of market instruments, including indices, commodities, stocks, and currencies.

Tradable Instruments	Supported
Indices	✔
Commodities	✔
Stocks	✔
Currencies	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌
Mutual Funds	❌

Account Type

70Trades has three live account types: Entry Level, Advanced, and Pro.

Leverage

The maximum leverage is 1:200 for all account types, meaning that profits and losses are magnified 200 times. Note that higher leverage can improve profit potential while also increasing risk, therefore appropriate risk management is crucial.

Trading Platform

70Trades provides a proprietarytrading platform available in web and mobile (iOS and Android) to trade, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Trading Platform	Supported	Available Devices	Suitable for
Web Xcite APP	✔	Web/Mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

70Trades accepts Visa, Mastercard, Bank Transfer, Skrill, Neteller, AstroPay, Globepay, and more for deposit and withdrawal. However, processing time and associated fees are unknown.

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Related broker

Unverified

70Trades

Company name：Securcap Securities Limited

Score

1.58

Website：https://www.70trades.com/home

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.58

E*TRADE Analysis Report

E*TRADE presents a troubling paradox in the forex brokerage landscape, earning a concerning overall rating of just 2.3 out of 10 based on 207 trader reviews and carrying a "Use with Caution" designation. While the platform maintains certain foundational strengths, including a good reputation for safety, responsive customer support infrastructure, and a user-friendly interface that appeals to both novice and experienced traders, these positives are dramatically overshadowed by severe operational deficiencies. The sentiment distribution reveals an alarming reality: 93.2% of reviews are negative, with only 7 positive and 7 neutral assessments among the total feedback collected.

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