70Trades

In this review, we provide an objective, data-driven analysis of the platform's safety, pricing, and execution quality. By evaluating these critical factors, we aim to help you determine if 70Trades is a good broker for your individual trading requirements.

Is 70Trades Legit and Safe?

70Trades is a retail CFD broker operating under offshore regulation in the Seychelles, which offers significantly lower regulatory protections than tier-1 financial jurisdictions [SD012].

What Is 70Trades? Company Background

70Trades is an online brokerage firm established around 2016 to provide retail trading access to global financial markets, including forex, commodities, indices, and stocks. The broker's parent company is Securcap Securities Limited, which is registered and headquartered in Victoria, Seychelles [SD012]. Additionally, the group operates Wanakena Ltd, a subsidiary based in Nicosia, Cyprus, which functions strictly as a payment agent to facilitate credit card processing and billing services.

The name "70Trades" is derived from the company’s core marketing philosophy: the belief that a beginner must make an average of seventy trades to acquire the necessary skills and confidence to trade effectively. While the platform focuses heavily on educational support and training sessions to help new traders reach this milestone, its operational structure and regulatory framework present specific risks that prospective clients must carefully evaluate.

70Trades Regulation

70Trades is overseen solely by the Seychelles Financial Services Authority [SD012]. The Seychelles FSA is classified as a tier-3 regulatory body, representing a looser oversight environment compared to tier-1 authorities. You can visit the Seychelles Financial Services Authority website to verify the broker's active regulatory status. To verify 70Trades's license independently, search the official FSA registry for license number SD012 registered under Securcap Securities Limited.

The regulatory details, registration numbers, and consumer protection levels for 70Trades's operating entities are summarized below.

Because 70Trades does not hold licenses with tier-1 regulators like the FCA or ASIC, traders do not benefit from government-backed compensation schemes or statutory negative balance protection.

Which 70Trades Entity Serves Your Region?

If you register an account with 70Trades, you will be onboarded under Securcap Securities Limited, the offshore entity based in the Seychelles [SD012]. Onboarding with this offshore entity differs significantly from registering with a highly regulated European or Australian broker:

• Simplified registration requirements permit rapid account setup. Because the Seychelles regulatory framework does not require rigorous suitability or appropriateness testing, clients can register and deposit funds with minimal initial friction compared to tier-1 brokers.
• Offshore onboarding lacks statutory safety nets. Traders register without the protection of investor compensation schemes, meaning if the broker faces insolvency, there is no government-backed insurance to recover lost capital.
• Leverage restrictions do not apply under this entity. Clients can access maximum leverage up to 1:200, which is far higher than the 1:30 limits typically imposed by European and Australian authorities.

Restricted Countries

70Trades does not offer its services to residents of certain jurisdictions due to local regulatory limitations and strict legal frameworks. Key restricted areas include:

• United States
• Canada
• European Union and EEA countries
• Israel
• Islamic Republic of Iran

Client Fund Protection

Client fund protection is a critical consideration for any trader, and 70Trades's offshore status significantly limits the safeguards available. Although the broker states that client funds are kept in segregated bank accounts separate from company operational capital, these claims are not subject to strict regulatory audits by highly regarded financial bodies.

Furthermore, offshore jurisdictions do not mandate membership in an investor compensation fund. If 70Trades experiences financial distress or bankruptcy, clients have no legal recourse through schemes like the UK's Financial Services Compensation Scheme (FSCS) or the Investor Compensation Fund (ICF) in Cyprus, making the risk of capital loss substantially higher than with a tier-1 regulated competitor.

70Trades User Reviews and Trustpilot Rating

70Trades holds a Trustpilot rating of 1.2/5 based on 75 reviews, reflecting an overwhelmingly negative user sentiment as of June 2026. This poor rating places the broker in the "Bad" category, indicating deep and widespread client dissatisfaction. To examine these customer accounts in detail, you can See 70Trades reviews on Trustpilot to read direct testimonies from registered clients.

The negative feedback on the platform focuses on several highly critical operational complaints:

• Aggressive upselling and high-pressure sales tactics are frequently reported. Many users allege that representative account managers call persistently, demanding larger deposits under the guise of recovering previous losses or unlocking "special" trading opportunities.
• Traders report receiving high-risk, incorrect market advice. Multiple reviewers state that their assigned platform assistants pressured them to open massive positions in volatile instruments like Gold and EUR/USD, which ultimately resulted in the rapid depletion of their account balances.
• Withdrawal requests are often delayed or completely blocked. Numerous clients claim that once they requested to withdraw their remaining capital, their requests were canceled, customer support went silent, or the broker demanded further deposits as a condition for releasing the funds.

Conversely, the very few positive reviews on the platform focus on introductory features:

• Protected positions are valued by some beginners. A small number of early reviews mention using the broker's initial "protected trades" as a tool to learn basic execution mechanics without immediately losing capital.
• Initial trial options are cited by some users. Some past clients reported receiving minor promotional signup bonuses or generating small, quick profits during their first weeks of testing the WebTrader interface.

70Trades Account Types

70Trades offers three main retail account tiers with high minimum deposit requirements compared to the industry average, which restricts access for budget-conscious traders.

70Trades Account Types and Minimum Deposit Requirements

The account structure at 70Trades is divided into three progressive tiers: Entry Level (often referred to as the Introduction plan), Advanced, and Pro. Unlike many modern brokers that provide a uniform trading environment regardless of deposit size, 70Trades limits educational materials, platform features, and market tools based on the amount of capital a client deposits.

• The Entry Level Account requires a minimum deposit between $200 and $1,000. This tier is designed specifically for beginners, offering basic educational eBooks, introductory training sessions, and a personal account manager. Trading features a maximum leverage of 1:200 and a $0 commission structure, meaning all trading costs are consolidated directly into the spread.
• The Advanced Account requires a minimum deposit between $1,000 and $4,000. Geared toward intermediate traders who require more than basic guidance, this plan adds advanced trading courses and access to daily market updates. It maintains the same 1:200 maximum leverage and $0 commission, though spreads are slightly tighter than the entry tier.
• The Pro Account requires a minimum deposit of $4,000 or more. This premium tier is tailored for experienced retail traders, unlocking advanced trading tools and direct technical analysis resources. Like the lower tiers, leverage is capped at 1:200 with no commission fees per lot, but clients receive the broker’s most competitive spreads.

In practice, the entry barrier of $200 for the starter tier is considerably higher than the $1 to $10 minimum deposits offered by many tier-1 regulated competitors. Furthermore, because 70Trades operates on a commission-free pricing model, its spreads on standard accounts are quite wide—often starting around 3.0 pips for major currency pairs on the Entry Level tier. This spread-to-commission trade-off is disadvantageous for active day traders or scalpers, as the broker essentially locks tighter spreads behind expensive deposits of $4,000 or more.

Does 70Trades Offer an Islamic Account?

While 70Trades includes an Islamic Swap-Free Trading Account Agreement within its legal terms and conditions, the broker does not offer standard, pre-configured Islamic accounts on its registration page. Muslim traders who wish to comply with Sharia law must contact the customer support team directly to request a custom swap-free status, which is subject to internal approval and may require meeting high deposit minimums.

70Trades Fees and Trading Costs

70Trades operates on a commission-free pricing model, but its fixed spreads on major currency pairs are significantly wider than the industry average.

70Trades Trading Fees (Spreads / Commission Fees / Swap and Overnight Fees)

Because 70Trades acts as a market maker and executes client orders internally, it does not charge any direct commission fees per lot traded. Instead, all broker compensation is built directly into its fixed spread structure.

• Fixed spreads start at a high 3.0 pips for the EUR/USD pair on Entry accounts. This is considerably wider than the typical 1.0 to 1.5 pips found on standard accounts at major tier-1 brokers, and far wider than raw-spread accounts which routinely offer spreads of 0.0 to 0.3 pips.
• No separate commission fees are charged on any of the account tiers. While a $0 commission structure is heavily marketed to beginners, the lack of transparency in the markup results in much higher overall round-turn costs.
• Overnight swap (rollover) fees are applied daily to any positions left open past 22:00 GMT. The broker charges a rollover fee of 0.022% of the overnight exposure for currencies, indices, ETFs, and commodities. This rate increases to 0.055% for individual stocks and a high 0.50% for cryptocurrencies.

70Trades Non-Trading Fees (Inactivity Fees / Currency Conversion Fees)

Beyond the costs associated with active trading, 70Trades enforces exceptionally high non-trading charges that can quickly deplete a dormant client's account balance.

• Dormant accounts are subject to a massive quarterly inactivity fee of $500. If a client does not execute any trades for at least three consecutive months, the broker reserves the right to charge $500 every quarter to maintain the account. If the account holds less than $500, the broker will deduct the remaining balance and close the account down.
• Trading credits are removed under a strict 45-day "credit-out" rule. Any promotional credits or trading bonuses granted to the account will be completely canceled if no trading activity occurs within a 45-day window.
• Currency conversion fees apply to all non-matching transfers. Because accounts are denominated in USD, EUR, or GBP, any deposits, withdrawals, or trades involving assets quoted in a different currency are subject to standard internal conversion markups.

70Trades Deposits & Withdrawals

70Trades supports standard credit cards and e-wallets for funding, but withdrawal processing is exceptionally slow and hindered by strict approval requirements.

Deposit and Withdrawal Methods

To deposit or withdraw funds, clients can use credit or debit cards (Visa, Mastercard, and Maestro), bank wire transfers, and several popular electronic wallets. Supported funding pathways include Skrill, Neteller, WebMoney, paysafecard, Globepay, and Google Pay.

Withdrawal Speed and Minimum Limits

While deposits are usually processed instantly, withdrawals face significant delays. 70Trades specifies a processing window of up to 120 working hours (equivalent to 15 calendar days or 5–15 business days depending on weekend schedules) once the back office approves the transaction. Additionally, withdrawal requests via bank wire transfer are restricted to a high minimum limit of $50, making it difficult for clients with small remaining balances to easily cash out.

Deposit and Withdrawal Fees

70Trades does not levy any internal fees for depositing or withdrawing funds. However, the broker passes all external transaction costs on to the client, meaning receiving banks or intermediary institutions may charge their own transaction or handling fees during bank wire transfers.

Withdrawal Issues and User Complaints

Review sites and forums indicate severe difficulties regarding the withdrawal process at 70Trades. Registered clients frequently complain that their withdrawal requests are canceled within 30 days under the broker's obscure "accumulative conditions," which require accounts to have zero open positions and all verification documents approved beforehand. More concerningly, multiple users report that account representatives actively blocked their withdrawals, demanded that they deposit extra cash to "unlock" their balances, or completely cut off communication once a withdrawal request was officially submitted.

70Trades Trading Platforms, Conditions & Experience

70Trades provides a proprietary, simplified trading experience via its custom platform rather than industry-standard suites like MetaTrader, paired with high-leverage offshore conditions that carry significant capital risk.

Does 70Trades Support MT4, MT5 & Mobile Trading?

70Trades does not support the widely popular MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, forcing clients to trade exclusively on its proprietary Web Xcite and Mobile Xcite applications. The custom software (sometimes marketed under the "PROfit" name) is tailored strictly toward beginner traders, omitting many of the sophisticated tools that experienced market participants rely on:

• The proprietary Web Xcite terminal operates entirely within a web browser. This layout means clients do not need to download software, but it lacks advanced charting customizations, third-party plugin integrations, and multi-monitor support.
• Automated trading and algorithmic scripts are entirely unsupported. Unlike the MT4 and MT5 ecosystems, which utilize Expert Advisors (EAs) for hands-free trading, the 70Trades platform does not feature a strategy builder, API access, or automated bot support.
• The Mobile Xcite application provides basic on-the-go order management. Available for both iOS and Android devices, the mobile app lets traders open positions, monitor active trades, and receive notifications, but the smaller screen interface makes detailed technical analysis difficult.

What Can You Trade on 70Trades?

70Trades offers a limited selection of tradable instruments compared to the market average, focusing mainly on primary forex pairs, popular global indices, major commodities, and a small pool of blue-chip stocks. The total asset count sits around 70 to 100 instruments, which is highly restrictive compared to competitor brokers that routinely offer thousands of international equities:

• Forex currency pairs are limited to approximately 42 selections. This selection covers major pairings like EUR/USD, GBP/USD, and USD/JPY, along with a few minor and exotic options.
• Commodity CFDs focus exclusively on primary energies and metals. Tradable assets are capped at standard instruments like Gold, Silver, Crude Oil, Natural Gas, Corn, and Coffee.
• Global indices cover a basic range of major equity benchmarks. Traders can speculate on broad indices such as the S&P 500, Dow Jones, FTSE 100, NIKKEI 225, and CAC 40.
• A small group of blue-chip shares are available for CFD trading. The broker supports select high-volume international stocks, including Apple, Tesla, Amazon, and regional equities like Saudi Aramco.
• Bonds, exchange-traded funds (ETFs), options, and direct cryptocurrencies are completely unavailable. This means diversified portfolio strategies cannot be executed on the platform.

70Trades Leverage, Margin & Order Execution

70Trades offers maximum retail leverage of up to 1:200 and operates as a market maker, utilizing a dealing desk execution model that presents inherent conflicts of interest. Because the broker executes order flow internally, it establishes its own asset pricing and stands as the counterparty to every trade. Stated leverage and execution conditions include:

• Maximum leverage varies widely based on the asset class. Forex currency pairs and commodities can be traded with leverage up to 1:200, whereas global indices are capped at 1:100, and individual shares are limited to 1:10.
• A "no slippage" policy is advertised during standard market conditions. Under regular market liquidity, 70Trades claims that spot orders execute exactly at the clicked price. However, during extreme volatility, the broker reserves the right to suspend trading, impose order limits, or decline transaction requests.
• The stop-out margin liquidation policy triggers immediately at zero equity. To protect against negative balances, the platform automatically liquidates all active positions when the client's account equity hits zero.
• A unique "Protected Positions" feature limits initial risk. Beginners are offered up to five protected trades utilizing limited 1:20 leverage, where losses are supposedly shielded, though this feature is often used as a marketing tool to encourage larger initial deposits.

70Trades Research Tools & Educational Resources

70Trades provides basic beginner educational guides and basic technical analysis integration, but completely lacks sophisticated algorithmic resources or deep institutional-grade market research. Educational resources are organized progressively across the account plans to reward larger deposits:

• Autochartist integration serves as the primary technical research tool. This standard third-party software scans the markets to identify chart patterns, key support and resistance lines, and potential trade setups for active users.
• An economic calendar and basic daily market news feed are provided. These standard resources offer fundamental calendar dates and high-level summaries of upcoming economic events.
• Coaching tiers are locked behind the broker's premium deposits. While Entry Level accounts only receive introductory eBooks and basic lessons, Advanced and Pro users are offered 1-on-1 training sessions and technical coaching with platform specialists.

How Good Is 70Trades Customer Support?

70Trades provides customer support via international phone lines, email, and WhatsApp during standard business days, but users heavily criticize the team for aggressive sales pitches and post-withdrawal unresponsiveness. Stated contact channels and operating details are as follows:

• Support channels:
  • International support hotline: +448449864869
  • WhatsApp messaging support: +447418375067
  • Customer service email: customer.service@70trades.com
• Operating hours: Customer service is available Monday through Friday from 08:00 to 19:00 GMT, while technical platform support operates 24/5.
• Language options: Support is offered in English, Arabic, and Spanish.

Despite these structured channels, user feedback regarding support quality is highly negative. Numerous registered clients complain that while their assigned account managers are exceptionally persistent and helpful when encouraging new deposits, they quickly become unreachable, unhelpful, or aggressive when handling withdrawal inquiries or technical platform disputes.

Who Is 70Trades Best For?

70Trades is poorly suited for the vast majority of retail trading styles due to its high trading costs, restrictive offshore regulatory status, and high barrier of entry.

Is 70Trades Good for Beginners?

70Trades falls short of being a viable option for absolute beginners, despite its heavy emphasis on educational eBooks and risk-free trial trades. While the broker markets itself around the concept of "seventy trades" to master the market, the structural rules on the platform work against a novice trader:

• The $200 minimum deposit is excessively steep for a learning account. Most competitive brokers now support micro or cent accounts with entry limits of $1 to $10, which allow beginners to practice with real funds under minimal capital risk.
• The $500 quarterly inactivity fee is a massive risk for casual traders. Beginners who need to pause their trading activity to study or re-evaluate their strategies risk having their entire account balance wiped out by the broker's predatory inactivity policy.
• High fixed spreads of 3.0 pips make it extremely difficult to maintain profitability. Novices will struggle to overcome such a large price markup on every trade they execute, increasing their chances of early capital loss.

Is 70Trades Good for Scalpers?

70Trades is completely unsuited for scalpers and high-frequency day traders due to its wide fixed spreads and dealing desk execution. Scalping strategies rely on capturing small price movements across dozens of quick trades throughout the day, requiring a highly optimized trading environment:

• Fixed markups swallow up potential scalping profits. Scalpers require raw spreads (averaging 0.0 to 0.3 pips on EUR/USD) coupled with a small flat commission to keep transaction costs manageable. A fixed 3.0 pip spread is too wide to sustain this style of trading.
• Market maker execution increases the risk of trade rejections and delays. Because 70Trades acts as the counterparty to client positions, fast-paced execution during peak market hours can be hindered by dealing desk limits, price delays, or execution rejections.

Is 70Trades Good for Regulation-Focused Traders?

70Trades provides minimal security for safety-conscious or regulation-focused traders who prioritize tier-1 institutional protections. Safety-first traders look for brokers regulated by top-tier agencies like the FCA in the UK, ASIC in Australia, or CySEC in Cyprus, which offer robust client protections:

• The lack of any tier-1 or tier-2 licenses is a major red flag. Operating solely under a tier-3 offshore regulatory body in the Seychelles means the broker is not subject to strict capital adequacy audits or intensive consumer protection laws.
• No statutory safety nets exist for offshore clients. In the event of company insolvency, clients registered under the Seychelles entity do not have access to any investor compensation funds or government-backed insurance schemes, risking complete loss of their deposited capital.

Best for: Casual offshore traders seeking high leverage and automated technical alerts via Autochartist · Less ideal for: Beginners, scalpers, day traders, and safety-conscious retail investors.

Compare 70Trades with Other Popular Brokers

70Trades features significantly higher trading costs and weaker regulatory protection compared to established, tier-1 regulated global brokers.

70Trades vs IC Markets

70Trades utilizes wide fixed spreads on a proprietary platform with zero commission, whereas IC Markets offers institutional-grade raw spreads starting at 0.0 pips via the MetaTrader suite. 70Trades requires a high initial deposit of $200 for its basic tier and limits clients to its custom Web Xcite app, which does not support algorithmic trading. By contrast, IC Markets allows traders to open an account with a $200 deposit while granting full access to MT4, MT5, and cTrader. In terms of security, 70Trades operates under offshore Seychelles licensing with no compensation fund backup; on the other hand, the competitor holds top-tier licenses from ASIC and CySEC, ensuring segregated accounts and negative balance protection.

Takeaway: 70Trades is the better choice for beginner traders who prefer simplified custom platforms with protected positions; IC Markets suits active, algorithm-focused traders demanding the lowest execution spreads.

70Trades vs Plus500

70Trades lacks strong regulatory oversight and charges high fixed spreads of 3.0 pips, whereas Plus500 provides a highly regulated proprietary trading experience with EUR/USD spreads averaging just 0.5 pips. As 70Trades relies on a single Tier-3 license in the Seychelles and charges a fixed 3.0 pips on EUR/USD, Plus500 is regulated across multiple tier-1 jurisdictions, including the FCA and ASIC, offering far tighter dynamic spreads with no commission. Furthermore, the competitor's minimum deposit is set at a more accessible $100 compared to the $200 entry point for 70Trades's entry-level account. Finally, the $500 quarterly inactivity fee at 70Trades is far more penalizing than the $10 monthly fee charged by the competitor.

Takeaway: 70Trades is the better choice for traders seeking custom education-oriented interfaces; Plus500 suits cost-conscious and security-first traders seeking tighter spreads.

70Trades vs eToro

70Trades operates under a single offshore Seychelles entity with an aggressive inactivity fee, whereas eToro is a multi-regulated social trading pioneer with no inactivity penalties for up to one year. 70Trades completely lacks passive copy trading functionality, whereas eToro is a market leader in social trading, allowing users to replicate the portfolios of top performers. Security is also vastly different, with the competitor governed by tier-1 bodies such as the FCA and CySEC, compared to the offshore Seychelles registration of 70Trades. Additionally, eToro supports commission-free stock trading (non-CFD), whereas 70Trades limits all equity trading to leveraged CFDs.

Takeaway: 70Trades is the better choice for traders who prioritize individual educational coaching packages; eToro suits social traders looking to automatically copy established portfolios.

70Trades Broker Quick Verdict

70Trades is a viable option for beginners who value intensive, structured 1-on-1 coaching packages, though its high trading costs and looser offshore regulation remain significant drawbacks. Our 70Trades review indicates that the broker's fixed EUR/USD spreads of 3.0 pips and strict $500 inactivity fee make long-term trading difficult to sustain. Ultimately, safety-conscious traders should seek out tier-1 regulated alternatives.

Editorial Transparency: This 70Trades review is based on information from the official 70Trades website, current regulatory filings, and independent third-party sources such as Trustpilot. We cross-checked the broker's regulation and license details, account types, trading and non-trading fees, deposit and withdrawal terms, platforms, and real user feedback to ensure accuracy and objectivity. This content is for educational purposes only and does not constitute financial advice; trading CFDs carries a high risk of losing money. Last updated: June 2026.