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Seventy Brokers Forex Broker provides real users with 1 positive reviews, 1 neutral reviews and 8 exposure review!

Seventy Brokers Broker Review

1.55

WikiFX monitor

Business

Influence D

License

NFA Unauthorized

Seventy Brokers Review 10

Latest All(10) Positive(1) Neutral(1) Exposure(8)
Exposure
The withdrawal wasn't allowed for two years and did not arrive in the account, meanwhile the use of the background was prohibited

Open an account and deposit in 2021, and the withdrawal wouldn't be approved until March 2023. It hasn't arrived since it was approved. In addition, the background was prohibited, and I asked the customer service to lift the ban and asked me to provide a police certificate issued by the Public Security Bureau in English. Stupid platform. During this process, hundreds of emails were communicated. The final explanation was the issue of the acceptor, and waited for the feedback from the acceptor.

HurtD
2023-06-01
Exposure
There is a problem with the withdrawal and my login account is closed

After it was exposed last week that SeventyBrokers had problems with withdrawals, they didn’t reply to me about the withdrawals and closed my account as shown in the picture. Now I can’t even log in to make internal transfers or check information.

FX1237328357
2023-05-16
Exposure
SeventyBrokers withdrawal problem

I have been using this platform for several years, and last year's transactions/withdrawals were quite normal. However, since this year, the application for withdrawals has been very difficult. Seven Brokers told me that due to the approval of the acceptor, they requested me to reduce the number of withdrawals from USTD 7000 to USTD 5000 and then to USTD 3000; The USTD 3000 deposit I applied for in March has not been received yet. Seven Brokers has given me various reasons, so please continue to be patient. I believe there are significant issues and this has a significant impact on the rights and interests of users.

FX1237328357
2023-05-09
Positive

There are many products that can be made, in addition to foreign exchange, digital currency and Apple stock. It supports Visa card deposits, and it takes about 3-5 days to withdraw money. The bank information submitted for the first time did not include swift and was rejected, and the delay took some time. The spread is normal, neither too high nor too low. The various analysis indicators made by the platform itself are quite good, but it is not an EA and cannot trade automatically. You can’t list tp/sl on closed orders, but this also shows that every order is docked with liquidity, not a black market. Although it is a bit inconvenient, it can be considered reassuring.

Hurry MACD
2023-01-27
Neutral

I had no big problems when trading with this broker, the only drawback I have to say is their withdrawals are too slow, I’ve waited two weeks to get my money.

声色犬王
2022-11-24
Exposure

As soon as the money was withdrawn, it reminded that the bank seized, it and then began to operate fairness and the like. After half a year, it was said that it was permanently frozen, and it was speechless. More than 30,000 US dollars gone

A凉夏-资深HR【寒暑假工招聘】
2022-11-15
Exposure
I do not know if it is under maintenace or it is absconded

I cannot log in after I take a meal outside. They place an order on June 16 for me and today is June 24, but I do not when did I place the order. I had a short order and they change it to long order. Then, I start to log in my backstage and this has shown up.

A凉夏-资深HR【寒暑假工招聘】
2022-06-24
Exposure
Unable to withdraw. Everyone be caution

From the beginning, it has been withdrawn for more than two months, and one of them is expected to arrive at 5.16 in advance, but it has not arrived.

A凉夏-资深HR【寒暑假工招聘】
2022-06-17

  

Seventy Brokers 2025 Review: Everything You Need to Know

  Seventy Brokers has garnered significant attention in the forex trading community, but not all of it is positive. This review synthesizes various analyses and user experiences to provide a comprehensive overview of this broker's offerings, including its regulatory status, account conditions, and overall trustworthiness. Notably, concerns about its legitimacy and user experiences with withdrawals are paramount.

  Note: The existence of multiple entities operating under the name Seventy Brokers complicates the regulatory landscape. Therefore, we have approached this review with a commitment to fairness and accuracy, drawing from a variety of sources to present a balanced view.

  

Ratings Overview

Category Score (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service & Support 2
Trading Experience 1
Trustworthiness 1
User Experience 2

  We rate brokers based on user feedback, regulatory compliance, and overall trading conditions.

  

Broker Overview

  Founded in 2021, Seventy Brokers claims to operate under the umbrella of Seventy Investech Pty Ltd, which is purportedly regulated by the Australian Securities and Investments Commission (ASIC). However, this claim lacks verification, as no direct connection has been established between the broker and the licensed entity. The broker offers the widely used MetaTrader 5 platform and claims to provide access to various asset classes, including forex, commodities, and cryptocurrencies. However, its regulatory status remains dubious, primarily due to the lack of a credible license.

  

Detailed Analysis

  

Regulatory Landscape

  Seventy Brokers positions itself as a global broker based in Singapore, yet its regulatory claims are questionable. The broker cites a license from the Vanuatu Financial Services Commission (VFSC), but multiple sources indicate that no such registration exists for this entity. Furthermore, while it claims connections to ASIC, the addresses and corporate details do not align, raising red flags about its legitimacy (BrokersView).

  

Deposit and Withdrawal Methods

  The broker does not provide clear information regarding deposit and withdrawal options, which is a significant concern. Users have reported issues with fund withdrawals, including delays and outright refusals, indicating a lack of transparency and reliability (ScamWatcher). This lack of clarity is compounded by reports of high withdrawal fees and aggressive tactics to discourage users from withdrawing funds (WikiFX).

  

Minimum Deposit and Promotions

  Seventy Brokers requires a minimum deposit of only $25, which is relatively low compared to industry standards. However, this low barrier to entry is often a tactic used by unregulated brokers to attract inexperienced traders. There are no clear promotions or bonuses outlined, which is another indication of potential issues with the broker's operational practices (The Forex Review).

  

Trading Conditions

  The trading conditions at Seventy Brokers raise serious concerns. The broker advertises leverage of up to 1:500, which is significantly higher than the limits set by regulatory bodies in Australia and Singapore, where the maximum is typically 1:30 or 1:50. This discrepancy suggests that the broker may not be operating within the legal frameworks of the jurisdictions it claims to serve (BrokersView). Furthermore, there are no specified spreads, which further obscures the true cost of trading with this broker.

  

Customer Support and User Experience

  Customer service experiences have been overwhelmingly negative, with reports of unresponsive support and difficulties in resolving issues. Users have noted that the broker tends to cut off communication once funds are deposited, which is a common tactic among fraudulent brokers (ScamRecovery). The lack of direct contact options and the presence of only online ticketing systems further exacerbate the challenges faced by users seeking assistance.

  

Summary Ratings

Category Score (out of 10) Detailed Explanation
Account Conditions 2 Low minimum deposit but high risk.
Tools and Resources 3 Basic access to MT5 but lacks transparency.
Customer Service & Support 2 Poor responsiveness and communication issues.
Trading Experience 1 High leverage and unclear trading costs.
Trustworthiness 1 Unregulated with numerous red flags.
User Experience 2 Negative feedback regarding withdrawals and support.

  In conclusion, the Seventy Brokers review reveals a broker fraught with risks and uncertainties. Users should exercise extreme caution and consider more reputable, regulated alternatives for their trading needs. The lack of transparency, questionable regulatory claims, and poor customer service experiences indicate that potential investors may be better served by seeking out established brokers with proven track records.

Seventy Brokers review