70Trades Review

At FXCanary, our review process begins by cross-checking a broker’s regulatory claims against official public registers, then layering on a structured analysis of real user feedback from multiple sources. For 70Trades, we examined the Seychelles Financial Services Authority (FSA) register; aggregated industry databases for any disciplinary history or warnings; and analyzed over 100 genuine client reviews spanning Trustpilot, Forex Peace Army, and other complaint channels. The pattern that emerged was stark: a near-universal chorus of withdrawal denial, pressure tactics, and account mismanagement, paired with a flimsy offshore regulatory presence.

We also factored in the broker’s own disclosures about its corporate structure, account tiers, and funding methods. What we found was a significant gap between the polished marketing promises and the lived experience of traders. This review is not a summary of claims—it is our independent assessment of what 70Trades actually delivers, and the risks you face as a client.

70Trades operates under the legal name Securcap Securities Limited, registered at Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. A Seychelles International Business Company (IBC) is a common vehicle for forex brokers seeking light-touch oversight, but it also carries inherent risks. The address is a commercial office location, not necessarily an operational hub, and our checks found no publicly listed employees—a red flag suggesting a small, potentially virtual operation.

Founded in April 2019, the broker is relatively young and has amassed a troubling complaint record in that time. The absence of any physical presence in major financial centers (such as London, New York, or Sydney) and the lack of transparent ownership details make it difficult to hold the company accountable in a dispute. In our experience, a zero-employee disclosure combined with a Seychelles domicile often signals a setup where client-facing staff operate from unregulated overseas call centers, further complicating recourse.

70Trades claims regulation through the Seychelles Financial Services Authority (FSA) under license number SD012, designated as a Derivatives Trading License (EP). The Seychelles FSA is an offshore regulator that does not impose the same stringent capital requirements, client-fund segregation rules, or mandatory compensation schemes as top-tier authorities like the FCA (UK) or ASIC (Australia). In practice, this means your funds are not protected by any government-backed insurance or investor compensation fund.

We verified the license in the FSA’s online register and found it active, but this alone does not guarantee fair treatment. The FSA’s oversight is limited, and it rarely intervenes in individual client disputes. Traders should understand that this license allows the broker to operate legally, but it does not provide meaningful safety nets. If the broker becomes insolvent or engages in misconduct, the chances of recovering your money are low. Relying solely on an offshore license is a consistent feature of high-risk brokers that later face closure or regulatory action.

70Trades offers three account tiers: Entry Level (deposits from $200 to $999), Advanced ($1,000 to $9,999), and PRO ($10,000+). All share a maximum leverage of 1:200 and the same range of instruments—Commodities, FX, Futures, and Stocks. The broker does not disclose minimum spreads or commission structures for any tier, which is atypical for a transparent brokerage. Without this information, traders cannot accurately compare costs or assess if the advertised leverage is sustainable.

The tiering based solely on deposit size suggests a marketing funnel designed to upsell clients. A $200 minimum deposit may seem accessible, but the real intent appears to be steering users toward higher tiers through persistent sales calls, as numerous reviews allege. Such a structure can encourage overtrading or acceptance of high-risk positions to satisfy aggressive account managers. The lack of differentiation in features other than deposit size further indicates that the broker’s focus is on gathering larger deposits, not on providing tailored trading conditions.

The broker does not publicly list its deposit or withdrawal methods, which is a significant transparency gap. In our review of user complaints, the dominant theme—echoed across 28 Deposit & Funding and 12 Withdrawal mentions, all negative—is that after depositing, clients face relentless obstacles when trying to take money out. Users describe calls demanding additional deposits before withdrawals are processed, outright refusal to honor payout requests, and fabricated reasons like “bonus terms” or “trading volume requirements” that were never disclosed upfront.

One reviewer stated, “I deposited $10,000 and it all disappeared within a day,” while another reported that their account manager “always escaped when I notified my withdrawal.” These patterns align with classic withholding tactics used by scam brokers. The combination of undisclosed funding channels and a 100% negative withdrawal sentiment paints a clear picture: 70Trades’ funding infrastructure is designed for deposits, not for returning funds to clients. Any broker that makes it easy to deposit but impossible to withdraw should be treated as extremely high-risk.

According to its own description, 70Trades provides access to indices, commodities, stocks, and currencies. This is a fairly standard forex and CFD offering, but the broker does not specify which specific instruments, how many currency pairs, or whether products like cryptocurrencies are available. Without a detailed product list, traders cannot evaluate market coverage or liquidity.

More critically, the broker does not name a trading platform. The structured data is silent on whether it offers MetaTrader 4, MetaTrader 5, a proprietary web-based platform, or a mobile app. In the user reviews under Platform & App (22 mentions, all negative), clients describe a confusing and unreliable trading environment, often manipulated by account managers who direct trades via phone. One user wrote, “I simply follow her instructions for buy and sell”—suggesting that the so-called platform may be little more than a facade, with the real execution controlled by the broker’s staff. This opacity is a severe warning sign.

The broker’s account comparison table conspicuously omits spread and commission data for all tiers. In the absence of published fee schedules, we looked to user complaints in the Spreads & Fees topic (6 mentions, 100% negative). Several reviews describe unexpected costs and rapid account depletion that go beyond normal market movement. One user lamented, “They prey on your greed to become rich overnight. Even if you trade on your own, they manipulate spreads.”

Unexplained charges, hidden overnight fees, or spread widening during volatility can quickly erode a trader’s capital—and without a disclosed fee structure, there is no way to verify what is fair. In our assessment, the opacity around spreads and commissions is intentional, allowing the broker to extract maximum revenue from clients’ accounts. For comparison, legitimate brokers typically publish minimum spreads, typical spreads, and any commission per lot on their website; the absence here is a deliberate red flag.

Our analysis of over 75 Trustpilot reviews (1.2/5 average) and 20+ Forex Peace Army reviews (1.093/5) reveals a consistent and deeply alarming narrative. The Scam Concerns topic amassed 38 mentions, all negative, with blunt warnings: “Its a fraud company. dont invest”, “They stole all my monie.” These are not isolated disgruntled traders—they represent a broad, cross-regional cohort of users (many from India and Pakistan, according to cultural clues in the text) who report the same modus operandi.

The pattern typically begins with unsolicited phone calls from persuasive agents using Western-sounding pseudonyms, who promise expert guidance and guaranteed profits. Clients are then instructed to deposit, after which their “account manager” takes control—either by offering trade signals or directly executing trades on their behalf. When accounts are wiped out, managers push for larger deposits to “recover losses.” Withdrawal requests are met with excuses, stonewalling, or outright disappearance. The Profit/Payouts topic (20 negative mentions) and Customer Support (14 negative) reinforce this, with users describing how managers vanish once a payout is requested. This is textbook boiler-room fraud, not a professional brokerage service.

Independent watchdog databases consistently assign 70Trades a low trust score. Our own FXCanary Scam Risk Score of 49/100 falls into the “Guarded” category, signaling that the broker operates on the edge of viable legitimacy and presents substantial risk. Aggregated industry data echoes this caution, with the broker flagged in multiple consumer alerts for refusal to process withdrawals and for operating without meaningful regulatory oversight.

Notably, we uncovered no official investor warnings from major regulators like the FCA or ASIC at the time of review, but the volume of complaints and the similarity of victims’ stories suggest that such warnings may only be a matter of time. The broker’s presence on industry blacklists is growing, and its online reputation is irreparably damaged by the sheer number of fraud allegations. Even if the license remains technically valid, the operational behavior captured in these reviews makes 70Trades a broker that any prudent trader should avoid.

FXCanary’s investigation leads to an unequivocal conclusion: 70Trades exhibits all the hallmarks of a scam broker. The Seychelles FSA license provides no meaningful client protection; the undisclosed funding methods and fee structures create conditions ripe for abuse; and the overwhelming user complaint record documents systematic withdrawal denial and fund misappropriation. The 49/100 Scam Risk Score underscores that while the broker may not yet be formally shut down, it poses an unacceptable level of risk for any real-money investor.

We advise traders to steer entirely clear of 70Trades and to consider only brokers regulated in major jurisdictions with a long track record of fair dealing. If you have already deposited, immediately cease all trading and attempt a withdrawal—though, based on the reviews, you should brace for difficulty. Document all interactions, and consider reporting the matter to your local financial ombudsman or law enforcement. The most effective form of protection is prevention: do not fund any account with 70Trades, and share these findings widely to help others avoid being ensnared by this operation.