70Trades-Overview of Minimum Deposit, Leverage, Spreads

70Trades Information

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.

Pros and Cons

Is 70Trades Legit?

70Trades holds a Suspicious Clone license, making it less safe than regulated brokers.

What Can I Trade on 70Trades?

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

Account Type

70Trades has three account plan types: Entry Level, Advanced, and Pro. Traders who want low spreads and low leverage can choose a xx account, while those with a sufficient/small budget can open a xx account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Leverage

The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times.

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.

Deposit and Withdrawal

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