70Trades offers a comprehensive trading platform and a wide range of investment opportunities, for every type of traders. This 70Trades review looks at what the broker offers, what kind of clients they’re best suited to serve, and if they can help you make the most of your investment portfolio.
70Trades has been growing its customer base exponentially in recent years and has thousands of traders using its services to trade options, futures, forex, commodities, and stocks on top of a wide range of underlying assets that include bonds, currencies, and metals. 70Trades offers fast trade execution, with an average time of only 1.5 seconds from order to execution.
There are several reasons you might want to invest in 70Trades, and here are some of the best reasons why it’s worth considering making this your one-stop shop for investing online.
Reason 1: 70Trades is Reliable
Overall, we think that 70Trades is an entirely reliable broker. The account types and bonuses offered by the broker are attractive. The trading platform is user-friendly and no compromise has been made on the security of its clients. No complaint has ever been received by regulators regarding any scam by this broker which means 70Trades is a legit broker.
The customer service is responsive and helpful. We tested its customer support service by sending an email and received a reply within 20 minutes. The customer support services remain available 24 hours but only on working days. In addition, 70Trades provides educational material as well. The educational materials included on their site are extensive: even beginners will find helpful information there.
Reason 2: Safety of Investment with 70Trades?
When it comes to investments, there is always some risk involved. However, 70Trades is a broker that is regulated by the Seychelles Financial Services Authority with License No. SD012. This means they adhere to strict guidelines and rules the Financial Services Authority sets forth. Additionally, 70Trades keeps client funds in segregated accounts at tier-1 banks. This means that your money is always safe and sound.
With 70Trades, you can trade forex and futures as well in addition to stocks, options, and CFDs (Contracts for Difference). This allows more flexibility when it comes to trading but also means that you’re subjecting yourself to specific risks associated with these investments. This is why it’s so crucial that you thoroughly investigate any investments before you make them. Furthermore, it keeps surveillance on every transaction for the safety of your investment.
Reason 3: Variety of Trading Plans Offered by 70Trades
70Trades offers a variety of trading plans to its clients, each with different features and benefits. The broker’s basic plan known as the “Entry Level Plan” is ideal for new investors who want to test the waters with a small investment. As these account holders are beginners, the broker provides them with free training. The minimum deposit limit set by 70Trades is $500.
The Advanced plan is perfect for those who want to make a more significant investment and receive more features, such as access to a personal account manager and free trading signals.
The Pro plan is designed for experienced investors who want to trade with high volume and take advantage of all the features 70Trades offers. The Pro plan provides 4 months of free tradency. Whatever your investment goals are, 70Trades has a plan to help you reach them.
To compare the plans, visit the website 70Trades.com or see the following comparison.
Reason 4: 70Trades is Easily Accessible
No matter where you are in the world, you can access your 70Trades account and begin trading. The broker offers a mobile app that makes it easy to trade on the go and a web-based platform for those who prefer to trade from their desktop computer. The mobile app, which is available on the Play Store with the title “70 Trades Mobile Trading”, is intuitive and powerful. It has all the options that are available on the desktop platform.
Selling and purchasing Forex is also very convenient from the mobile app as you can see in the following pictures.
The best part? You can open and fund your account in just minutes. You can start your investment by opening an account with 70Trades through the simplest registration process.
The trading platform provided by 70Trades uses state-of-the-art technology, meaning you can easily place trades and manage your account from anywhere. The user interface is intuitive and allows you to customize your trading experience with customizable workspace and option buttons. It is also loaded with helpful trading tools such as portfolio builder, real-time trading data, news updates, and trading signals.
Reason 5: Multiple Deposit & Withdrawal Methods
Depositing funds in your account and withdrawing funds has been made very easy by 70Trades. You can use conventional methods such as wire transfers and credit cards to fund your account from anywhere in the world. You can use Visa, Maestro, and MasterCard to initiate the transfer.
But in case you want to use any online payment app then there is no objection from the broker as it accepts payments from the following online apps as well.
In addition, deposits and withdrawals are processed on the same day. The minimum deposit amount is USD 100. Withdrawals are processed within 24 hours and take 1 or 2 business days for payments via wire transfer or check.
Reason 6: Customer Support at 70Trades
The customer support team at 70Trades is outstanding. They are available 24/5 and are always willing to help with any issue you may have. The broker also offers a wide range of services, including trading education, market analysis, and more. Overall, the customer support team at 70Trades is one of the best in the business.
The broker is reachable for inquiries and complaints through the four following options.
- Contact form (available on the platform)
- International phone number
- Whatsapp number
- Email Address
In addition, they have an active Twitter account where you can ask questions and get fast answers directly from a 70Trade representative. Overall customer satisfaction is rated 9 out of 10 by broker review sites and individual traders online.
Reason 7: Trading Conditions at 70Trades
70Trades offers trader-friendly conditions that are less available in the industry today. Their ECN/STP model ensures that all trades are executed at market prices with no dealing desk intervention. This results in lower spreads and higher trade execution speeds. In addition, 70Trades has no requites or order rejections, so you can be sure your trades will go through.
At the 70Trades platform, Rollover Fee is charged at 0.02% of the overnight exposure on Indices, Forex, Stocks, and Commodities and 0.50% on contract for deposits (Cryptocurrencies) due to high volatility.
In case an account remains inactive for more than 3 months, the platform charges a $500 inactivity fee to cover the expenses.
It happens when a client’s account equity reaches zero and as a result, all of his positions are closed automatically. By doing this, 70Trades protects the client’s trading account from reaching a negative balance.
The Pros and Cons of 70Trades
- 70Trades is a comprehensive trading platform offering a wide range of features and tools for novice and experienced traders.
- The broker provides a user-friendly interface that is easy to navigate and use.
- 70Trades offers competitive spreads and commissions, as well as a variety of account types to suit your trading needs and style.
- The broker provides excellent customer support with 24/5 live chat, email, and phone support.
- You can also open an account with as little as $500.
- There is very little information available about the company.
- The broker doesn’t provide services in the US.
Top 5 Point of 70Trades
- The platform is user-friendly and intuitive.
- It has a good selection of assets, including forex, stocks, and commodities.
- The minimum deposit is only $500, which makes it accessible to a wide range of investors.
- It offers a variety of account types to suit different needs and budgets.
- The deposit and withdrawal options are numerous and convenient as well as the traders can select with freedom.
Overall, 70Trades is a great broker to invest with. They offer low fees, a wide range of assets, and excellent customer support service. Plus, they have a user-friendly platform that makes investing easy and fun. If you’re looking for a broker to invest with, I highly recommend 70Trades.
If you’re looking for more information about this brokerage platform, I recommend visiting their website. They also have many educational videos to help you learn more about investing and trading. You can find them on YouTube and their site. If you want to start investing, or if you already do but are looking to upgrade, then I highly recommend 70Trades. You won’t be disappointed!