Forex 70Trades Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

70Trades Trading Conditions

Registered Region Seychelles

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email customer.service@70trades.com

Contact Number +448449864869

Website www.70trades.com

Balanced Review

Pros & Cons

Pros

Regulated by Seychelles Financial Services Authority
Diverse range of trading instruments including forex, commodities, and stocks
User-friendly trading platform with advanced tools
24/5 multilingual customer support
Educational resources available for traders

Cons

Regulatory oversight from Seychelles Financial Services Authority raises concerns
High fixed spreads on major currency pairs
No demo account available for practice
Withdrawal process can take several days, causing delays
Lack of advanced educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	70Trades	ZFX	WisunoFX	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Seychelles	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does 70Trades Offer?

Account Type	Target User Group	Key Characteristics	Applicability Notes
Entry Level Account	Beginners	Access to educational materials, personal account manager, and trading tutorials	Minimum deposit of $200; suitable for novice traders
Advanced Account	Experienced Traders	Additional trading tools, daily analytics, and advanced training resources	Requires a higher initial deposit; designed for traders with some experience
Pro Account	Professional Traders	Comprehensive trading tools and daily market research	Requires a significant initial deposit; tailored for seasoned traders

Account Opening Process

To open an account with 70Trades, prospective traders must follow several steps. Initially, they need to provide personal information, including their name, email address, phone number, and country of residence. Following this, applicants must submit employment and financial information for verification purposes. Identity verification is also required, necessitating the submission of an ID and proof of address. After account creation, traders have the flexibility to upgrade to a professional account at a later stage if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	From 4	$0	Fixed spreads; higher than some competitors
CFDs (Stocks, Indices, Commodities)	Varies	$0	Fixed spreads apply
Cryptocurrencies (BTC/USD)	Varies	$0	Trading conditions may fluctuate

Other Fees

Traders should be aware of several additional fees associated with their accounts. These include potential deposit and withdrawal fees, although 70Trades does not charge for these transactions. An inactivity fee may be applied if an account remains unused for three months. Additionally, there might be overnight interest (swap rates) applied to positions held overnight. Currency conversion fees may also apply depending on the transaction and account currency used.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

70Trades User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Omar Al Busaidi

Muscat, Oman

★ ★ ★ ★ ★

I got in with 70Trades and it was rocky when I was learning to trade at first, but now I love it. Their platform is easy to use and powerful, especially for forex trading like EUR/USD and USD/JPY. The variety of options across markets keeps things interesting for me. Overall, a solid experience.

Yousef Al Kuwari

Doha, Qatar

★ ★ ★ ★ ★

Fast and simple, yet professional trading app! It’s so easy to trade on the 70Trades mobile app. I can follow the markets, get live signals and updates, and place a trade with just a few clicks. I am never away from profit opportunities, and I appreciate their customer support too.

Fatima Al Mansoori

Abu Dhabi, UAE

★ ★ ★ ★ ★

I had high hopes for 70Trades but faced issues with their customer support. I reached out multiple times for help, but the responses were slow and unhelpful. I also experienced delays with my withdrawal requests, which was frustrating. I expected better service given their promises.

Khalid Al Otaibi

Riyadh, Saudi Arabia

★ ★ ★ ★ ★

My experience with 70Trades has been terrible. I invested a decent amount and tried to withdraw my funds, but they kept denying my requests. The customer service is almost non-existent, and I feel scammed. I would not recommend this broker to anyone.

Seychelles Market