Starting out with online trading is not one thing that’s simple for many people. It requires constant vigilance and a cool head so you’ll overcome the numerous shortcomings associated with its volatility.
There are many Forex and CFDs brokers out there that offer to help you with your investments, but you will be determinate the future of your own trading business. With a broker that offers you good trading conditions, your possibilities of taking advantage of the Forex and CFDs trading are real.
70trades is a Forex and CFDs broker that provides you a complete package. That means that they have many options, resources, and tools to help their clients to make the best trading decisions.
Leverage Options
The leverage is up to 1:200 in line with other Forex and CFDs brokers. That is good because high leverage is, in many cases, dangerous. The high leverage could be a double-edged sword because if you win a trade, your money will be multiply, but if you lose a trade, you can burn your account.
Trading Commissions and Fees
If you want to start in the Forex and CFDs trading business with 70Trades, you can open an account with a minimum deposit of 200 USD (American Dollars) and take the first position.
Also, all the accounts will be denominated in American Dollars only, which means that if the deposit was made in other currency it will be converted in USD.
This broker has a commission for rollover fees charged at 0.02% of the overnight exposure on CFDs (Indices, Currencies, Stocks, and Commodities), which means that if you make a trade and pass all night the broker charges a fee.
Also, they have an overnight commission of 0.1% on CFDs (Cryptocurrencies) for the high volatility of this kind of financial instrument.
70trades offer good margins for all major currencies – USD, EUR, GBP, CHF, AUD. The purpose of the 70trades broker is to make a good deal with his clients. And all the traders in their platform enjoy the advantage of this kind of business.
Deposit Conditions
One of the best things about 70trades is that they have many ways to make a deposit or withdrawal your money.
If you want to make a deposit, you have different options as Skrill, Neteller, Visa, MasterCard, Direct Pay Online, and so on.
The withdrawal money will be paid on your bank account or credit card that you used to fund your account.
Account Types
70 trades offer three kinds of accounts:
Entry-level: requires a minimum deposit of 200USD. It’s a perfect choice if you are a beginner.
Advanced: the minimum deposit requirements are 1000 $ to 4000 $ and it is perfect for intermediate traders.
Pro: the minimum deposit requirements are 4000 $ and it is perfect for professional traders.
This broker offers an accounting fix to the needs of their clients.
Customer Support
Customer support is an important point because many brokers only provide limited customer support. 70trades cares about the treatment with the clients, and for that reason, provides a service that works 24/5.
70 Trades have incredible customer service. You can ask and receive any time response as soon as possible. If you have any doubts about some trade or position, you can call the help liner or send an e-mail any time any day.
Tools for trading Education and Informational Resources
In the platform, the broker offers coaching. In there you can find so many resources about trading and how is it works the Forex.
The content in that section is valuable and useful for all traders, since the amateurs until the professionals. If you want to become a trader, this Forex broker has much educational information about it.
How can you begin? What are CFDs? What is the difference between commodities trading and Forex trading? Also, you can find free lessons about how works oil trading? This broker has it, which means that not only has information about Forex also has all about the oil, gold, and commodities trading.
70trades has a mobile and web trading platform – PROfit. There you can find the charts and prices for currencies and make the trades.
Pro’s
- The broker has good Customer support.
- It has an intuitive trading platform.
- Provides you with the resources and tools you need for online trading.
Con’s
- The broker has high spreads.
- Doesn’t have a standard trading platform.
In conclusion, 70trades has all kinds of tools to improve your skills in online investment and make a massive difference in your finance.
