According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- Xcite
- FSA
Our Evaluation of 70Trades
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
70Trades is a moderate-risk broker with the TU Overall Score of 5.17 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by 70Trades clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
70Trades offers a proprietary trading platform for trading with one's funds or with leverage. Additional account features are tailored to traders with different levels of professionalism, while the trading conditions on them do not differ.
Brief Look at 70Trades
70Trades has acted as an intermediary for over 13 years to enter the Forex market. This STP broker offers trading not only in currency pairs but also in various CFDs on metals, stocks, indices, commodities, and cryptocurrencies. 70Trades provides services under the license of the Financial Services Authority (Seychelles) regulator. Its clients have access to educational courses of various levels of complexity, adapted for both novice and experienced traders. Standard accounts, a functional trading platform for active trading, and trades based on ready-made signals are also available.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Valid license from an international regulator.
- Negative balance protection for all clients.
- Protected drawdown trading option for new clients.
- Market data for quality market analysis.
- Free trading signals on the platform.
- No additional commissions for transactions or deposit and withdrawal fees.
- High spreads on currency pairs.
- No demo or cent accounts.
- Minimum deposit of $200 or more.
TU Expert Advice
Financial expert and analyst at Traders Union
70Trades has been operating for many years, and even in 2010, it received awards as Best Financial Derivative Provider and the Best Broker for Currency Trading. It was also recognized as the Best Brokerage Company for traders from Australia and Latin America. 70Trades is registered in Seychelles, with clearing services provided by Wanakena Ltd (Cyprus), and client funds are held in major global banks.
The broker offers a unique option of First Protected Positions (FPP). It is available to new clients who have opened a real account and deposited a minimum of $200. Under the terms of the FPP program, the broker refunds traders the funds lost when closing protected positions at a loss. The number of available FPPs depends on the deposit amount: a minimum of 5 when depositing up to $499 and a maximum of 15 when depositing $2,000 or more.
70Trades offers flexible leverage, the level of which may decrease during times of increased instrument volatility. The maximum value available for currency and commodity trading is 1:200; for indices, it is 1:100; and for stocks, it is 1:10. For 5 protected positions, the broker provides leverage up to 1:20. The currency of all accounts provided by 70Trades is USD. Traders can deposit other currencies, but the company converts them into USD. Deposits via credit card are subject to a minimum amount of $300.
70Trades Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. 70Trades Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Xcite (mobile, web) |
|---|---|
| 📊 Accounts: | Standard, Entry, Advanced, Pro) |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Debit/credit cards, Visa, Mastercard, Maestro, bank transfer, Skrill, Neteller, WebMoney, JioMoney, AstroPay, ecoPayz, Oxigen Wallet, Paytm, GlobePay, Google Pay, Paysafecard |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | Up to 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | - pips |
| 🔧 Instruments: | Currencies, cryptocurrencies, metals, stocks, commodities, indices |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Leading banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Instant |
| ⭐ Trading features: | Fixed spreads, hedging is allowed, and the first 5-15 trades are protected from losses |
| 🎁 Contests and bonuses: | Yes plus other trading benefits |
To ensure the absence of slippage and execution at prices specified by traders when opening a position, even in unstable markets, the company has opted for fixed spreads over floating ones. Available order types include market, stop loss, buy limit, buy stop, sell limit, sell stop, and take profit. 70Trades offers a unified account type for all traders with the same trading conditions; however, the range of additional features depends on the amount deposited.
70Trades Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Hariyadi
taher88
Trading Account Opening
The user account on the 70Trades website is a client portal, so registration with the broker is required to create it. TU experts have compiled the below guide for you:
Go to the official 70Trades website and click on "Create An Account." Since the broker does not offer demo accounts, you will see a form for opening a real trading account on the screen.
In the form, provide your name, email address, phone number, and country of residence. Enter the confirmation code that will be sent to your email. Then, generate a password to access your user account. To register quickly, you can use your Google or Facebook account.
Your 70Trades’ user account also allows you to:
-
Withdraw funds and verify documents.
-
Review trade histories, including the information on all closed trades and pending orders.
-
Review transaction histories, which include all deposits and withdrawals.
-
View newsfeeds, the economic calendar, and contact support via Live Chat.
-
Access trading signals and price alert settings.
-
Access the Academy which has educational guides on using the trading web platform.
Regulation and safety
70Trades has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
70Trades Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
70Trades Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $40 | No |
The broker has a rollover fee, and for currencies, indices, stocks, and commodities, it is 0.02% of the position size; and for cryptocurrencies it is 0.5%.
The table below shows the average commission values for 70Trades, RoboForex, and Pocket Option. RoboForex and Pocket Option publish data on their official websites. 70Trades does not specify minimum commission sizes, so TU analysts took them directly from the trading platform.
| Broker | Average commission | Level |
|---|---|---|
|
$40 | |
|
$1 | |
|
$8.5 |
Account types
70Trades offers Standard accounts for different trading goals and stratagems. They differ in requirements for the initial deposit and additional options such as access to analytics, education, trading signals, etc. All accounts provide leverage up to 1:200, personal manager assistance, and free training. The range of trading instruments and spread sizes does not differ.
Account types:
The Xcite platform does not offer a demo account, which allows trading on virtual funds. Trades can only be made after real money is deposited. 70Trades is a broker for trading currencies and CFDs under STP conditions. They do not support ECN technology, so clients do not pay additional commissions for executing trades of any volume.
Deposit and withdrawal
70Trades received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
70Trades provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Bank wire transfers available
- No withdrawal fee
- No deposit fee
- Only major base currencies available
- BTC not available as a base account currency
- Wise not supported
What are 70Trades deposit and withdrawal options?
70Trades provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
70Trades Deposit and Withdrawal Methods vs Competitors
| 70Trades | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are 70Trades base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. 70Trades supports the following base account currencies:
What are 70Trades's minimum deposit and withdrawal amounts?
The minimum deposit on 70Trades is $200, while the minimum withdrawal amount is $0-50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact 70Trades’s support team.
Markets and tradable assets
70Trades offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 42 Forex pairs.
- Indices trading
- Crypto trading
- 42 supported currency pairs
- Copy trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by 70Trades with its competitors, making it easier for you to find the perfect fit.
| 70Trades | Plus500 | Pepperstone | |
| Currency pairs | 42 | 60 | 90 |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products 70Trades offers for beginner traders and investors who prefer not to engage in active trading.
| 70Trades | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Traders have access to multilingual support. Live chat is available 24/5, while other support options are available from Monday to Friday, 8:00 to 19:00 (GMT). Client service representatives address technical issues and answer questions regarding trading conditions.
Advantages
- The website's online chat is available 24 hours a day.
- Support is offered in English, Spanish, and Arabic.
Disadvantages
- Limited phone support hours
- Support is not available on Saturdays and Sundays.
The following channels can be used to contact the broker:
-
Online chat;
-
Ready-made contact form in the Contacts section;
-
Email;
-
WhatsApp.
In the contact form, you can provide not only your email but also your phone number, and a company manager will call or message you. Contacts can also be left in the chat.
Contacts
| Registration address | Securcap Securities Ltd, Room B11, First Floor, Providence Complex, Providence, Mahé, Seychelles |
|---|---|
| Regulation | FSA |
| Official site | https://70trades.com/ |
| Contacts |
+448449864869
|
Education
In the Coaching section of the website, there are video tutorials on the basics of Forex and introductory information on trading various asset classes. It also features blocks based on one's skill level, designated as Beginner, Experienced, or Professional. Any trader can choose their level and sign up for a free course by providing their name, phone number, and email in the request form.
In the Academy section of the user account, there are instructions on the trading platform. They describe how to open or close trades, activate stop-loss/take-profit, and use signals and price alerts.
Comparison of 70Trades with other Brokers
| 70Trades | Eightcap | XM Group | RoboForex | VT Markets | NPBFX | |
| Trading platform |
Xcite | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MT4 |
| Min deposit | $200 | $100 | $5 | $10 | $50 | $10 |
| Leverage |
From 1:1 to 1:200 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:200 to 1:1000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 4 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0.4 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | No / 30% |
| Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of 70Trades
The trading conditions at 70Trades do not differ for different groups of traders. Beginners, experienced market participants, and even professionals trade with the same commissions and leverage. However, the company ensures that novice traders receive all the necessary information for a successful start in Forex. 70Trades is regulated by the Financial Services Authority (FSA) of Seychelles and holds its clients' funds in segregated bank accounts.
70Trades by the numbers:
-
13 years of brokerage services in financial markets.
-
10 international awards.
-
3 trading plans for traders at different levels.
-
15+ payment methods for fund management.
70Trades is a broker for CFD and currency trading on the Xcite trading platform.
70Trades offers trading in 42 currency pairs, 13 cryptocurrencies, gold, silver, oil, and cocoa, as well as stocks of major companies such as Apple, Alibaba, Amazon, Tesla, and Uber. In addition, trades with European, American, and Asian stock indices are available, including Nasdaq 100, S&P 500, Dow Jones, Nikkei 225, CAC40, FTSE 100, and IBEX 35. 70Trades’ clients can trade currencies day and night, but only during the working hours of global markets, from 22:00 on Sunday to 22:00 on Friday (GMT). The trading hours for CFDs vary depending on the contract type and the location of the exchange, which can be either the U.S., UK, Europe, or Asia. The trading schedule for international markets is available on the official 70Trades website.
In February 2023, 70Trades introduced the new Xcite trading platform. It is available in two versions, WebTrader and as mobile applications for Android and iOS. Xcite supports one-click trading, 10 timeframes, 13 chart types, and over 100 indicators.
70Trades’ analytical services:
-
Autochartist. A tool that allows fundamental, technical, statistical, and volatility analysis.
-
Economic calendar. Broadcasts important events, financial indicators, and reports that traders can use to shape their trading strategy.
-
Portfolio Builder. An interactive tool based on the entered data, age, trading experience, risk tolerance, and free capital provides recommendations regarding priority investment directions.
-
Live Data Center. Presents real-time market data on currencies, indices, stocks, commodities, and Bitcoin in the form of TradingView charts.
-
Market reviews. Offers in-depth analysis from the investing.com portal. New articles are published every day.
Advantages:
The company adheres to a no-slippage policy. Therefore, it has abandoned floating spreads.
70Trades clients have access to a wide range of tools to improve the quality of analysis and trading.
Regardless of the deposited amount, traders receive 24-hour support.
The Xcite trading platform is user-friendly and functional for market analysis.
The broker offers a wide choice of currency pairs and popular CFDs among Forex traders.
70Trades does not prohibit hedging. Overall, most trading strategies are allowed. However, before opening an account, it is necessary to assess how fixed spreads will suit your trading style.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i