70Trades-Overview of Minimum Deposit, Leverage, Spreads
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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