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70Trades Review 2025: Is it scam or safe?
Abstract：Many forex brokers run utopian schemes to lure investors and traders. 70Trades is not different from such brokers. It uses the same tactics to swindle people's money. In this 70Trades review, we will give you an insight about the broker and let you know - is it a Scam or safe choice?
Many forex brokers run utopian schemes to lure investors and traders. 70Trades is not different from such brokers. It uses the same tactics to swindle people's money. In this 70Trades review, we will give you an insight about the broker and let you know — is it a Scam or Safe choice ?
Is 70Trades a Scam?
According to 70trades website, It is owned by Securcap Securities Limited with registration number 8416393-1, registered at Office 4, Suite C2, Orion Mall, Palm Street, Victoria, Mahe, Seychelles, authorized by the Seychelles Financial Services Authority with license number SD012. The group of companies includes Wanakena Ltd (registration number 379327) registered at Arch. Makariou III, 73, Office 301, 1070 Nicosia, Cyprus.
User Reviews About 70Trades
1. Fraud Company
After researching broker reviews, we found multiple users complaining that 70Trades is a fraudulent company. One user detailed how the broker uses tactics to swindle people's money. According to them, the company informs users that they have lost their money, and then encourages them to invest more under the pretense of recovering it.
2. Fake Trading Platform
A user who traded with 70Trades for about 9 months shared a very negative experience. He stated that this company does not deserve to be called a trading platform and labeled it as completely fake. He added that although the company initially calls you frequently, they stop all communication after a few days and dont even respond to messages.
3. Account Manager is scammer
Real users have accused one of the companys managers, Nitin Desai, of misappropriating their funds. One user mentioned that even after filing a complaint, there was no response from the company. Another user claimed that he initially deposited $200, and after some trades, his account balance rose to $450, but the company did not allow him to withdraw the amount.
4. 70Trades (Singapore) is a Fraud
A user from Singapore reported that 70Trades is a scam company. He said the broker lured him into depositing a large amount of money and never returned a single penny. The user also stated that the company is ruthlessly withholding his deposit without giving him any callback, and warned others: “Beware of these culprits in the trading world.”
5. Poor Customer Support
One user claimed to have lost ₹2.5 lakhs after registering and funding his account with 70Trades. He described their customer service calls as “stupid and idiotic,” and said they never followed up properly, leaving him in a miserable situation.
Conclusion
We hope you can now identify whether 70Trades (70Trades.com) is legitimate or a scam. Be cautious and invest your money carefully.
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Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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