Seventy Brokers Company

　　

Seventy Brokers Company: An In-Depth Overview

　　

1. Company Overview

　　

Founding Date and Background

　　Seventy Brokers was founded in 2021 and is registered under the name Seventy Investech (Vanuatu) Co. Ltd. The company aims to provide comprehensive financial services, specializing in forex trading, stock CFDs, and various market indices.

　　

Parent Company/Ownership Structure

　　Seventy Brokers operates as a subsidiary of Seventy Investech Group, which serves as its liquidity provider. This structure allows Seventy Brokers to leverage resources and expertise from its parent company to enhance its service offerings.

　　

Headquarters Location

　　The company is headquartered in Singapore, specifically at Floor 32, 8 Marina View, Asia Square Tower 1, Singapore 018960. This strategic location facilitates access to significant financial markets in the Asia-Pacific region.

　　

Global Business Scope

　　Seventy Brokers operates globally, catering to clients across various regions, including Asia-Pacific, the Association of Southeast Asian Nations (ASEAN), and beyond. The firm offers a wide range of financial instruments, making it a versatile broker for international traders.

　　

Main Regulatory Bodies

　　Seventy Brokers claims to be regulated by several authorities, including the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), the Financial Services Authority of Saint Vincent and the Grenadines (FSA), and the National Futures Association (NFA) in the United States. However, there are significant concerns regarding the authenticity and validity of these licenses, as many sources indicate that these licenses have been revoked or are unauthorized.

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2. Company History and Development

　　

Key Milestones

• 2021: Seventy Brokers was established, focusing on offering trading services in forex and CFDs.
• 2022: The company expanded its service offerings to include a wider range of financial instruments, including cryptocurrencies and commodities.
• 2023: Despite its rapid growth, the company faced scrutiny regarding its regulatory status, which has raised concerns among potential clients.

　　

Business Expansion Journey

　　The company has made significant strides in expanding its service portfolio, which now includes forex trading, stock trading, CFDs, cryptocurrencies, and commodities. This diversification allows Seventy Brokers to cater to a broader audience and adapt to changing market demands.

　　

Customer Base Growth

　　Seventy Brokers has reportedly attracted a diverse clientele, including retail and institutional traders. However, specific figures regarding customer growth are not readily available, and the company has faced challenges related to customer complaints, particularly regarding withdrawal issues.

　　

Platform Development History

　　Seventy Brokers utilizes the MetaTrader 5 (MT5) platform, known for its advanced trading features and user-friendly interface. The platform supports various trading strategies, including algorithmic trading through Expert Advisors (EAs), enabling traders to automate their trading processes.

　　

Important Awards or Recognitions Received

　　As of the latest available information, Seventy Brokers has not received any notable awards or recognitions that significantly enhance its reputation in the financial services industry.

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3. Trading Services Offered

　　

Forex Trading Options

　　Seventy Brokers provides a wide array of forex trading options, allowing clients to trade numerous currency pairs. While specific numbers are not disclosed, the platform typically includes major, minor, and exotic currency pairs, catering to various trading preferences.

　　

Stock Trading Options

　　The broker offers access to stock trading, enabling clients to invest in shares of major multinational corporations such as Apple, Microsoft, and Tesla. This service is provided through stock CFDs, allowing traders to speculate on price movements without owning the underlying assets.

　　

CFD Trading Products

　　Seventy Brokers specializes in Contract for Difference (CFD) trading, which allows clients to trade on price movements of various financial instruments without owning the underlying assets. This includes commodities, indices, and cryptocurrencies.

　　

Other Financial Instruments

　　In addition to forex and stock CFDs, Seventy Brokers offers a range of other financial instruments, including:

• Cryptocurrencies: Traders can access a variety of cryptocurrencies, including Bitcoin (BTC) and various altcoins.
• Commodities: The platform allows speculation on commodities such as gold, oil, and agricultural products.

　　

Special Services or Unique Advantages

　　Seventy Brokers claims to provide fast trade execution, a comprehensive FAQ library, and professional support systems. However, the effectiveness of these services has been questioned due to reported issues with customer support and withdrawal processes.

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4. Regulatory and Legal Background

　　

Detailed Regulatory Information

　　Seventy Brokers claims to be regulated by multiple authorities, including:

• ASIC: License number 001301806 (revoked)
• VFSC: License number 14885 (revoked)
• FSA: License number 2682
• NFA: License number 0515151 (unauthorized)

　　Despite these claims, reviews and reports indicate that the broker operates without valid regulation, raising significant concerns about its legitimacy.

　　

Legal Entity Structure by Region

　　Seventy Brokers operates primarily under the legal entity Seventy Investech (Vanuatu) Co. Ltd. While it claims to be based in Singapore, its regulatory status is primarily linked to Vanuatu, where it is registered.

　　

Client Fund Protection Measures

　　There is little information available regarding client fund protection measures at Seventy Brokers. The lack of valid regulation raises concerns about the safety of client funds and the absence of insurance or compensation schemes.

　　

Countries/Regions Served

　　Seventy Brokers serves clients globally, with a focus on the Asia-Pacific region. However, the specific countries served are not explicitly stated, and potential clients should exercise caution due to the regulatory concerns.

　　

Compliance History

　　Seventy Brokers has faced scrutiny for its compliance with regulatory standards. Reports indicate that the broker has had issues with regulatory bodies, including revoked licenses and unauthorized operating status.

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5. Competitive Landscape

　　

3-5 Main Competitors

　　Seventy Brokers faces competition from various brokers in the financial services industry. Notable competitors include:

• Matalia Stock Broking
• Rangeland Co-operatives
• Vedika Securities
• IG Group
• OANDA

　　

Positioning in the Industry

　　Seventy Brokers positions itself as a global trading platform offering a diverse range of financial instruments. However, its lack of valid regulation and reported customer issues may hinder its ability to compete effectively with more established and regulated brokers.

　　

Market Differentiation Factors

　　Seventy Brokers differentiates itself through a broad range of trading options, including forex, CFDs, and cryptocurrencies. The use of the MT5 platform also provides a competitive edge, as it is widely recognized for its advanced trading capabilities. However, the company's regulatory challenges and customer service issues may detract from its appeal.

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Conclusion

　　Seventy Brokers is a trading platform that offers a wide range of financial services, including forex, stock trading, and CFDs. While it has made significant strides in expanding its service offerings, the company's regulatory status raises serious concerns about its legitimacy and the safety of client funds. Potential traders should conduct thorough research and consider the risks before engaging with Seventy Brokers.

　　For more information on trading with Seventy Brokers, please learn more.