70Trades-Overview of Minimum Deposit, Leverage, Spreads

70Trades | 2022-07-13 18:51

摘要：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.

70TradesReview Summary
Founded	2016
Registered Country/Region	Seychelles
Regulation	Suspicious Clone
Market Instruments	Indices/Commodities/Stocks/Currencies
Demo Account	❌
Leverage	Up to 1:200
Spread	/
Trading Platform	70Trades
Minimum Deposit	/
Customer Support	Email: customer.service@70trades.com
	WhatsApp: +447418375067
	YouTube/Twitter/LinkedIn/Facebook

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

Pros	Cons
Various tradable instruments	Suspicious clone license
24/7 multilingual support	MT4/MT5 unavailable
Popular payment options	Demo account unavailable
	Lack of transparency

Is 70Trades Legit?

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

Regulated Authority	Current Status	Regulated Country	License Type	License No.
The Seychelles Financial Services Authority	Suspicious clone	Seychelles	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	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

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.

	Entry Level	Advanced	Pro
Free eBook	✔	✔	✔
Free training	✔	✔	✔
Online Trading	✔	✔	✔
Leverage	1:200	1:200	1:200

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.

Trading Platform	Supported	Available Devices	Suitable for
70Trades	✔	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, transfer processing time and associated fees are unknown.