70Trades

70Trades is an online brokerage brand operated by Securcap Securities Limited, a company registered in Seychelles. Founded in April 2019, the broker primarily targets retail traders with a focus on forex, commodities, stocks, and indices. Despite its relatively recent entry into the market, 70Trades has already attracted significant attention—though not for positive reasons.

The company maintains a low-profile corporate presence, with a registered address at Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. Public records indicate the firm has zero employees, which is unusual for a purportedly active brokerage. This, combined with its offshore registration, raises immediate questions about its operational scale and support capabilities.

70Trades operates under a single regulatory license from the Seychelles Financial Services Authority (FSA). The license is classified as a Derivatives Trading License (EP) with number SD012. While Seychelles is a recognized offshore financial center, its regulatory framework is often considered less stringent than top-tier jurisdictions like the UK's FCA or Australia's ASIC.

For traders, this means there is no direct deposit insurance or investor compensation scheme backing client funds. The FSA does require segregation of client accounts, but the level of oversight and enforcement is limited compared to major European or North American regulators. Traders must understand that an FSA license does not provide the same protections as a license from a higher-standard authority.

The broker structures its offering into three distinct account tiers, each differentiated primarily by the minimum deposit requirement. The Entry Level account requires a deposit between $200 and $999, the Advanced account falls in the $1,000 to $9,999 range, and the PRO account demands $10,000 or more. All three accounts share a maximum leverage of 1:200, which is relatively high and can amplify both gains and losses.

This tiered system is designed to funnel clients into higher deposit levels. Typically, brokers offer additional features or lower spreads as you climb tiers, but 70Trades does not publicly disclose any such benefits beyond the deposit threshold. The lack of transparency around spreads, commissions, or added services for higher tiers is a significant gap.

70Trades advertises a standard range of tradable instruments, including forex, commodities, futures, and stocks. These are popular asset classes for retail traders, but the broker provides no detailed information about the number of instruments available, the specific indices or commodities offered, or the trading conditions attached to each.

Without a clear instrument list and typical spreads, it is difficult for a trader to assess the competitiveness of the broker's offering. This ambiguity often forces prospective clients to sign up and deposit before they can fully understand the trading environment—a common tactic among less reputable brokers.

Publicly available information on the trading platforms supported by 70Trades is surprisingly scarce. The broker does not prominently feature details about a platform—such as MetaTrader 4, MetaTrader 5, or a proprietary web trader—on its website. This is a red flag, as most legitimate brokers are transparent about the software they use.

Potential clients are essentially being asked to commit funds without knowing what trading interface they will use. The absence of platform information also makes it impossible to evaluate tools like charting packages, automated trading support, or mobile apps.

70Trades does not disclose its accepted deposit or withdrawal methods. The broker's website and marketing materials are silent on crucial details like supported credit cards, bank wires, e-wallets, or cryptocurrency options. This lack of transparency extends to withdrawal processing times, fees, and minimum/maximum limits.

Transparent funding information is a basic expectation for any legitimate brokerage. The fact that 70Trades hides these details suggests that depositing money with them is a leap into the unknown. User reviews consistently confirm that withdrawing funds is where the real problems begin.

Given the minimal regulatory oversight, lack of transparency, and overwhelmingly negative user feedback, it is difficult to identify a trader profile that would benefit from opening an account with 70Trades. The high leverage might attract risk-tolerant speculators, but the reports of withdrawal denials and outright fraud outweigh any potential trading advantage.

In our assessment, no retail trader should consider this broker without a full understanding of the extreme risks involved. The broker's own silence on key operational details, paired with its suspicious clone status flagged by industry databases, makes it a highly dubious choice.