70Trades Forex Broker

70TradesReview SummaryFounded2016Registered Country/RegionSeychellesRegulationSuspicious CloneMarket InstrumentsIndices/Commodities/Stocks/CurrenciesDemo Account❌LeverageUp to 1:200Spread/Trading Platform70TradesMinimum Deposit/Customer SupportEmail: customer.service@70trades.comWhatsApp: +447418375067YouTube/Twitter/LinkedIn/Facebook70Trades Information 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.Pros and ConsPros Cons Various tradable instrumentsSuspicious clone license24/7 multilingual supportMT4/MT5 unavailablePopular payment optionsDemo account unavailableLack of transparencyIs 70Trades Legit? 70Trades holds a Suspicious Clone license, making it less safe than regulated brokers.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.The Seychelles Financial Services AuthoritySuspicious cloneSeychellesRetail Forex LicenseSD012What 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✔ETFs❌Bonds❌Mutual Funds❌Account Type 70Trades has three account plan types: Entry Level, Advanced, and Pro. Traders who want low spreads and low leverage can choose a xx account, while those with a sufficient/small budget can open a xx account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.Entry LevelAdvancedProFree eBook✔✔✔Free training✔✔✔Online Trading✔✔✔Leverage1:2001:2001:200Leverage The maximum leverage is 1:200, meaning that profits and losses are magnified 200 times.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 PlatformSupported Available Devices Suitable for70Trades✔Web/Mobile/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal 70Trades accepts Visa, Mastercard, Bank Transfer, Skrill, Neteller, AstroPay, Globepay, and more for deposit and withdrawal. However, transfer processing time and associated fees are unknown.