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Score

1.56 /10
Danger

70Trades

Seychelles

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.70trades.com/home

Influence

D

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Score

Regulatory Index0.00

Business Index7.36

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Securcap Securities Limited

Company Abbreviation

70Trades

Platform registered country and region

Seychelles

Company website

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  • +447418375067

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2025-07-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The broker's claimed SeychellesFSA regulation (Regulation Number: SD012) has not been verified. Please be alert to the risks!

WikiFX Verification

70Trades · Company summary
70Trades Review Summary
Founded2016
Registered Country/RegionSeychelles
RegulationFSA (Suspicious Clone)
Market InstrumentsIndices, Commodities, Stocks, Currencies
Demo Account❌
LeverageUp to 1:200
Spread/
Trading PlatformWeb Xcite APP
Minimum Deposit/
Customer Support24/7 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.

70Trades Information

Pros and Cons

Pros Cons
Various tradable instrumentsSuspicious clone FSA license
24/7 multilingual supportMT4/MT5 unavailable
Popular payment optionsDemo 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 AuthorityCurrent StatusRegulated CountryLicensed EntityLicense TypeLicense No.
Seychelles Financial Services Authority (FSA)Suspicious cloneSeychellesSecurcap Securities LimitedRetail Forex LicenseSD012
license

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❌
assets

Account Type

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

Account Type

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

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.

Deposit and Withdrawal

News

NewsClients Reviews: What Are Investors Saying About 70Trades?

Scams have always been a dark side of the forex industry. Back in the old days, it was hard for new traders to tell a scam broker from a real one due to the lack of resources.

WikiFX
2023-01-31 14:00
Clients Reviews: What Are Investors Saying About 70Trades?

NewsWikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades

Scams have long been a problem in the Forex market. Due to a lack of resources, it was difficult for inexperienced traders to distinguish between a legitimate and a fraudulent broker in the past. However, times have changed. It is now much easier to avoid fraudulent Forex brokers. It merely takes a few minutes to read up on basic information on independent reviewing websites like WikiFX and determine if the broker is worthwhile. This essay will draw your notice to a dubious broker, 70Trades.

WikiFX
2022-09-14 14:31
WikiFX Broker's Review: Beware of Unregulated Forex Broker 70Trades
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User comment

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Comments

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yac
more than one year
Beware, it is 100% scam and fake platform. They will continuously pressurize you for deposits, they will force you to open positions to loose all your balance and ask for more deposits. It is 100% fraud and scam platform. I had a terrible experience and they made me loose 100K due to the recommendation of their account manager that they assigned to me. I am warning all users to stay away from this fake broker.
Beware, it is 100% scam and fake platform. They will continuously pressurize you for deposits, they will force you to open positions to loose all your balance and ask for more deposits. It is 100% fraud and scam platform. I had a terrible experience and they made me loose 100K due to the recommendation of their account manager that they assigned to me. I am warning all users to stay away from this fake broker.
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2024-01-10 13:58
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孙秀香
more than one year
70Trades is registered in Vanuatu. We all know that this place is famous for issuing offshore licenses, but this company doesn't even have an offshore license. I don't recommend everyone to trade with it.
70Trades is registered in Vanuatu. We all know that this place is famous for issuing offshore licenses, but this company doesn't even have an offshore license. I don't recommend everyone to trade with it.
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2023-02-16 10:12
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