70Trades Deposit & Withdrawal

When a broker refuses to disclose its deposit and withdrawal methods, it doesn't just raise an eyebrow—it waves a red flag the size of a mainsail. 70Trades, operating through Securcap Securities Limited in Seychelles, leaves every critical funding detail to the imagination. There is no information on accepted payment channels, no mention of processing times, no fee schedule for moving money in or out—just a vacuum where the answers should be. For a trader, this opacity is the first signal that getting money back might not be as straightforward as putting it in.

Our review of the available data shows that 70Trades publishes exactly zero concrete detail on its funding infrastructure. The account types—Entry Level, Advanced, and Pro—list minimum deposits of $200, $1,000, and $10,000 respectively, but how those deposits are to be made is a secret. We could find no disclosure of bank wires, card processors, e-wallets, or any third‑party payment gateways.

This is not an oversight; it is a design. In the legitimate brokerage world, funding methods are marketing material. Here, they are a black box.

Despite the missing documentation, user reports make one thing painfully clear: depositing funds is frictionless. Clients describe being guided step‑by‑step by smooth‑talking account managers who push them to transfer ever‑larger sums. A $200 start quickly becomes a $10,000 top‑up after a few winning trades—or the illusion of them. The process, according to multiple reviews, is engineered to feel professional and urgent, with persistent phone calls and promises of guaranteed returns.

One victim recounted how they were "advised to deposit more because it was going well," eventually pouring in $10,000 that "all disappeared within a day." Another described being "forced to invest $12,500 with fraudulent pressure tactics." The deposit phase is where 70Trades’ cage shines brightest: it opens wide for your money and clicks shut the moment you try to reverse the flow. This asymmetry—easy deposits, impossible withdrawals—is the classic blueprint of a high‑risk or outright fraudulent broker.

If deposits are a red carpet, withdrawals are a brick wall. In the 75 Trustpilot reviews we analysed—almost all 1‑star—a staggering 12 explicitly mention withdrawal problems. That's roughly one in every six reviews, and when you factor in the 20 complaints about profits and payouts, the proportion balloons. Users consistently report that the moment they request a withdrawal, communication stops, accounts are frozen, or they are hit with endless excuses.

"Just imagine!" one reviewer writes, "they lure you to deposit, deny your payout and…" The trailing ellipsis speaks louder than any finished sentence could. Another states flatly, "I have my Accounts Manager… her name is Shreya Nayyar, I lose huge Dollars because of her, She always escape while I notify my withdrawal." The pattern is unmistakable: withdraw, and you vanish from their interest. FXCanary’s analysis of aggregated industry data records 11 distinct withdrawal‑related complaints, a figure that, for a firm with the profile of 70Trades, is alarmingly high.

70Trades markets three account tiers with minimums that escalate quickly. The Entry Level account requires a $200 deposit—low enough to hook first‑timers. The Advanced tier jumps to $1,000–$9,999, and the Pro account demands $10,000 and above.

What is not disclosed is any information about spreads, commissions, or overnight fees. The structured data we examined shows blank fields for minimum spread and commission across all account types. In practice, this means traders are stepping onto a pitch‑black field.

Several reviews express frustration not only at not being able to withdraw, but at the total disappearance of their capital. One trader who started with $300 and was later pressured into $10,000 said "it all disappeared within a day." Another lost $12,500. The absence of transparent fee structures makes it impossible to attribute these losses to legitimate market movements or manipulation. When a broker hides its costs, it is almost always to the trader’s detriment.

To understand the true risk of funding a 70Trades account, one must listen to the chorus of victims. Repeatedly, the same narrative emerges: a cold call from a charming agent, a small initial deposit that appears to grow, relentless pressure to invest more, and then—when profit is finally requested—stonewalling. "They made me to invest of 250USD at first.

Later on slowly they progress to deposit us more amount. Whenever I ask for withdrawal, they refuse and say that we made an investment and will not be any profit," reads one review. The line between investment and donation blurs fatally.

Another user, identifying themselves as from India, detailed how they were guided through phone calls by an agent named Shaqeel Surani, who "forced me to make deposits" and then vanished. The Trustpilot score of 1.2 out of 5, with 38 mentions of "scam," leaves no room for ambiguity. Forex Peace Army rates it 1.093 out of 5. These are not borderline numbers; they are the result of a systematic extraction operation dressed as a trading platform. The FXCanary Scam Risk Score of 49/100 (Guarded) is, if anything, generous given the evidence.

The Seychelles Financial Services Authority (FSA) issued a Derivatives Trading License to Securcap Securities Limited, the legal entity behind 70Trades. Spotting licence number SD012 is only half the story. The FSA is a light‑touch regulator that does not enforce strict capital‑adequacy requirements or client‑fund segregation rules comparable to those of tier‑1 jurisdictions. Our cross‑check of the licence against the public register confirmed its existence, but a licence in this jurisdiction is a velvet rope, not a steel gate.

Compounding the risk, FXCanary found that Securcap Securities Limited reports zero employees. A broker with no staff, a mailbox address in Victoria, Mahé, and a website that conceals its banking relationships is flying blind. Even if the licence were pristine, the operational void means there is little to no infrastructure for handling client funds professionally. The combination of a weak regulator and an invisible back office creates the perfect environment for the deposit‑only dynamic that reviewers describe.

Digging deeper into the complaint data, we identified a recurring three‑act tragedy. Act one: the account manager builds trust, often with fabricated credentials—"they assured me that they are licensed and professional… lying that they are based in UK." Act two: the trader is pushed into high‑risk, high‑volume trades that rapidly drain the account, often against their own instructions. One victim wrote, "My account was handled by account manager Ronak. He had clearly mentioned to me that I need to follow his instructions… not take my own decisions. I lost all my $200." Act three: when the trader attempts to salvage what remains, the withdrawal request is ignored, declined, or met with new demands for further deposits or bonus‑clearing conditions.

The bonus trap is a particularly insidious tool. A reviewer noted that after depositing $206, the broker added a matching bonus. Then when the client wanted to withdraw, hidden terms—likely impossible turnover requirements—blocked any payout. These are not isolated incidents; they form a coherent operational model. 70Trades appears to collect deposits, display fictitious gains, and then manufacture losses or liquidity events to confiscate the funds.

Given the overwhelming evidence, our advice is unequivocal: do not fund a 70Trades account. The risk of permanent capital loss is extreme. If you are considering this broker, take the following steps immediately:

• Open the licensing register yourself and verify that the entity you are dealing with is exactly Securcap Securities Limited—watch for clone sites, although none have been reported for 70Trades yet, impersonators of other Seychelles firms are common.
• Demand, in writing, a full disclosure of deposit and withdrawal methods, including processing times and all fees. If the broker refuses or deflects, walk away.
• Never deposit money you cannot afford to lose completely. A $200 minimum might seem modest, but the pressure to escalate can turn a small commitment into a life‑altering loss.
• Read user reviews across multiple independent platforms, not just the curated testimonials on the broker’s own site. The 1.2‑star Trustpilot consensus is not a statistical fluke.
• If you have already deposited and are facing a withdrawal blockade, stop communicating with the „account manager“ and immediately contact your bank or payment provider to attempt a chargeback. Gather every scrap of evidence: emails, chat logs, transaction receipts.

In markets where regulators rarely provide a safety net, your own due diligence is the only solid ground. 70Trades has demonstrated—through the collective voice of its victims—that funding an account here is tantamount to surrendering your money. The FXCanary editorial team will continue to monitor this entity and update our risk assessment as more evidence comes to light.