Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
70Trades Pros & Cons
- 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 Verdict
70Trades carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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70Trades User Reviews
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Is 70Trades Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /1070Trades 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
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.6 /1070Trades offers the following account options: Standard.
70Trades covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Low minimum deposit
- No Demo account
- No ECN/Raw spread account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.5 /1070Trades received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /1070Trades offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 42 Forex pairs.
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Trading Account Opening
We successfully registered an account with 70Trades in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at 70Trades is $200.Score:We evaluated Trading Account Opening at 70Trades by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria3.5 /1070Trades received a score of 3.5/10, indicating a limited selection of trading platforms and tools. This reflects the absence of advanced platform options or a lack of additional features that could enhance the overall trading experience.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria6.5 /10 -
Customer Support
Score:We evaluated Customer Support at 70Trades by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.8 /10
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FAQs
How safe is 70Trades in terms of regulation and client protection?
70Trades has a safety score of 3.7/10, which corresponds to a low security level in the reviewed methodology. It is regulated by the Financial Services Authority of Seychelles (FSA), a Tier-3 regulator, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and has a track record of less than 8 years. The section also notes that there is no specific investor protection fund mentioned for this broker.
What types of trading accounts does 70Trades offer and how do they differ?
70Trades offers Standard accounts with three tiers: Entry, Advanced, and Pro, which differ mainly by initial deposit requirements and access to educational materials, analytics, and tools. Entry accounts require deposits from $200 to $1,000 and focus on beginner education, Advanced accounts from $1,000 to $4,000 include daily analytics and advanced courses, and Pro accounts start from $4,000 with advanced tools and daily market research. The broker does not provide ECN/Raw spread, demo, cent, micro, swap-free, VIP, or managed accounts, and all accounts share leverage up to 1:200 and similar trading instruments and spreads.
What do user reviews say about 70Trades overall?
70Trades has a user satisfaction score of 6/10 based on 3 reviews, all of which are rated 3 stars, indicating a mixed overall impression. According to user reviews, there are no strongly positive or strongly negative ratings in this sample, and more detailed qualitative feedback is not provided in this section.
What trading platforms and tools are available with 70Trades, and what feedback might traders consider?
70Trades has a trading platforms and tools score of 3.5/10, and the section notes a limited selection of platforms and advanced features. The broker does not support MT4, MT5, cTrader, TradingView, proprietary platforms, or WebTrader, but offers one-click trading, alerts, about 50 indicators, and Autochartist, while features like 2FA, trading bots, scalping, API access, and a strategy builder are not available. This combination may suit basic trading needs but could be restrictive for traders who rely on automated or highly customizable setups.
What do reviews and feedback indicate about 70Trades customer support?
The customer support section describes noticeable weaknesses in responsiveness and depth of assistance, with delays in replies and issues sometimes requiring repeated contact. Support is available via online chat, contact form, email, and WhatsApp, with live chat operating 24/5 and other channels open Monday to Friday, 8:00 to 19:00 (GMT), in English, Spanish, and Arabic. Phone support hours are limited and support is not available on weekends, which may be important for traders who need frequent or immediate help.
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