✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
Today we will analyze the broker 70Trades. Is it really a safe broker? Can we trust these types of investment companies?
We analyze the most important characteristics of this company! Location, regulation, company to which it belongs, complaints and comments from 70trades clients, history of the broker, investment platform.
We help you determine how safe the 70trades broker really is.
Basic Information
| 🌐 Website | 70Trades.com |
| 🏠 Company* | Securcap Securities Limited and Wanakena Ltd |
| ️ Regulatory | Seychelles (unsafe) |
| [email protected] | |
| 📈 Platform | PROfit |
| 📌 Address | Seychelles | Cyprus |
| 🕑 Website age | Website registered in: April 2016 |
| ❓ Company type | Stocks, Forex and Commodities Broker |
Company: 70Trades is owned by Securcap Securities Limited and Wanakena Ltd
Location: The broker mentions being based in very unsafe places like Seychelles. Be careful.
If we analyze the location and company to which the broker belongs, we believe that it is located in a very unsafe place.
What is 70Trades?
70trades is a broker that offers us the possibility of investing in different financial products. Products such as: Stocks, Forex and Raw Materials.
Account types or plans
After analyzing the account types of 70trades we noticed that it offers different plans. It offers 3 different plans where features vary such as the account manager, trading signals, and the type of training we will obtain.
| Account type | Minimum initial deposit |
| Introductory | - |
| Advanced | - |
| Pro | - |
Information on the web
Here we show you a screenshot of the 70Trades website, which is “70Trades.com“. The capture was made in October 2023.
Contact: telephone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +525590630164 and 525593027428 (Whatsapp)
– We have found the following email: [email protected]
* Regulation of 70Trades
If we go on to analyze the regulation of 70trades:
The truth is that the case of the 70trades broker worries us a lot since it is a company that has very poor regulation such as that of Seychelles. We suggest caution.
🚫 70Trades Final Rating 🚫
After carrying out an in-depth analysis of the most important characteristics of 70 trades, we can reach the following conclusions:
Location: The company is located in a well-known tax haven such as Seychelles. It is a place that we consider very unsafe.
Regulatory: It is a regulated broker in Seychelles, we also consider that it is a very bad regulation. Please be careful with them.
Security: Due to the location and regulation of the broker, as well as the number of complaints it has, we believe that it is a very unsafe broker.
Customer reviews: There are a huge number of complaints from the broker's clients. We recommend caution.
The location of this broker is a major cause for concern, located in an area known for its lack of security measures (such as Seychelles). Furthermore, its regulation really leaves a lot to be desired and lacks the strict oversight necessary to adequately protect the company's customers.
In addition to this, on the internet we were able to find a large number of negative comments from existing customers. The truth is that for us it is a clear warning sign.
All these characteristics combined make us believe that 70trades is a very unsafe company and that we cannot recommend. We simply believe that it is a very unsafe broker. Don't you think it would be better to invest your money and time with safer companies, with better regulation and with a better track record and location?
70Trades Video Review
Updates
News about 70Trades:
| Date | Update – news |
|---|---|
| May 2024 | According to information received, new linked brands would be: zenstox.com, prostoxfx.com y finansero.com (BE VERY CAREFUL WITH THEM!) |
| May 2024 | According to information received, the broker would be linked to other companies such as ontega, Fortissius, XLNTrade, Warren Bowie, Finance, TradoCenter, mytradit.com, iCapitalTrader. |
| 2024 | According to information received from a former worker: “…They operate in Mexico through call-centers located in the capital called “CONTRACTECH” (colony Rome and Naples) the other call-center's “EXTREMELY TECH” are located in Querétaro. The other "UNIQUE” in the City of Pachuca Hgo. “ |
| 2024 | According to information received: “Ontega workers and other brokers who belong to the group of thieves are hired through “market it". |
| 2024 | Information received from a former employee of the company: “Ontega works together with many other brokers. I think it goes without saying that these are scammers. The work environment is horrible, they make you change your name, they pressure clients to invest, always putting pressure on them and they pay little – I worked in this company for half a year and to begin with no one can beat the market. The job of an “analyst” of these brokers is to keep the client entertained, or as they say “get them addicted” people lose their money because they become greedy, this type of investment is the same as a casino. The Analyst cannot make you lose, because no one knows how the market will behave, he can expose you, telling you to open high volume operations. The Analyst is a commission agent, commissions are received of 6% of everything I earn, an average analyst earns from 2000 to 4000 dollars a month, but it is not an easy job. The days are very long, the treatment is inhumane. The pressure and stress, they set a deposit goal depending on the experience you have, which ranges from 10 thousand USD for the newest and those with more experience ask them to put in 60 thousand USD. 90% of the analysts come to this company by chance or recommendation and no one knows anything about the market or financial instruments. What's more, few even finished basic education. They change your name and give you basic training on how the platform works, teaching you how to pressure and manipulate people to deposit their money. If you don't reach your goal, they humiliate you and fire you. “ |
| 2024 | Information received from a former employee of the company: “the company name is “Aggravia Consultants“, its offices are in CDMX Saltillo 19 under the name of “marketit". |
| 2024 | According to former employees of the company: “The owner calls himself Ricardo Coronel, before it was called FINANCIKA, now it is called ONTEGA. They have several workplaces, including in La Condesa, Saltillo #19, floor 1, 2, 8, 10, and Saltillo #3, which is a house where they take “agents” to work when they have problems with covid or with the government. , in Roma, Tehuantepec #118 of which Ricardo Coronel is the owner of the building, and right now they are in Pachuca in front of the state of Hidalgo in another company called “UNIQUE” of which “Pamela” is the one in charge.” |
| 2024 | They let COVID-positive staff work and have their “agents” working (who are mostly kids between 18 and 25 years old with no knowledge of the financial market who, in the best of cases, finished high school) all in an “office.” ” less than 20 cm apart where there are 300 people and it is a contagion of covid. The boys are exploited, many times leaving work after 9pm and entering between 7am and 8am, to go to Pachuca they are summoned daily at 6.10:8am in the sports metro where trucks are waiting for them to arrive in Pachuca before XNUMXam and start working. They even make them work on some Sundays, especially when it is the end of the month or when they have bad numbers. They ask the guys for a “target” which is a personal and team objective of client deposits and they commission on those deposits. |
| 2024 | The hierarchies are these: Shief Manager: They are the main heads of the teams and they are the ones who earn the most “Alan”, “Sebastian Belmont”, a Venezuelan “Monsalve”, Bonifacio alias “Rodrigo Valverde” and “Jorge”, each Shief manager It has 4 small teams and each small team has a “team leader” who are the direct bosses of the agents. There are also those from Human Resources that serve no purpose where the main one is Mayte Paulin, and a group of “Masters” who are the ones who “depend on whether they know the market” and tell the agents what to sell, among them Waldo Silva, Claudia Roman, Jorge Madrid. |
| 2024 | Currently the offices are at Av. Tehuantepec 119 Col. Roma and they have already opened one in Hidalgo and Iztapalapa. |
| 2024 | According to former employees of the company: “Looking for work, I came to Ontega through “contratech“After the interview we had agreed upon, I managed to get hired. After a week of training, the company assigns you a nickname or pseudonym, so that no one knows your real name, and you do not know the names of others, something here already smells strange, they explained to me that it is for our own safety, so that we do not We are located on social networks by clients in the event that they lose their money. My salary consisted of 6.000 Mexican pesos, but what attracted us much more were the commissions we could earn, the greater the amount of money the client deposited, the greater our commission, which is why we were trained to convince people to deposit as much as possible ( from 200 dollars you leave a commission of 5%). I worked in an area that consisted of a 4-story building, with more than 200 people per floor, so I estimate that there were more than 800 people calling interested people every day who left their information on the page. Now we no longer work from that building, at Saltillo number 19 in Mexico City (MARKETIT) (they gave us a whistle that there was going to be a police operation) due to a police operation and they sent us to do home office and perhaps also because of the pandemic. Work is done from home. Employees are mistreated and denigrated and they squeeze us, the supervisors are shit, they squeeze every last drop out of us. I decided to leave because I simply could not carry that burden on my body, basically they train you to lie and defraud innocent people who have no idea about this, it is a great psychological burden.” |
| May 2024 |  According to a former worker, Pablo Soria De Lachica would be one of the owners of these brokers. |
| May 2024 |  According to a former worker, Ricardo Coronel Castro would be one of the owners of these brokers. |
| May 2024 | The education platform EDUTRADING, would be linked to all these brokers. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with 70Trades.
At the end of the review you will find customer comments.
How to Claim Money Scammed by 70Trades
Below in the frequently asked questions section we leave you instructions on how you can claim money from 70trades.
How to Report 70Trades
If what you want is to report 70trades for some reason, also below in the frequently asked questions section we leave you a series of instructions on how to achieve this.
FAQs
Is 70Trades a scam?
We believe that it is a very unsafe company and we recommend caution.
Is 70Trades a trustworthy company?
Due to its regulation and a large number of customer complaints we do not recommend 70trades.
What is 70Trades?
70Trades is a broker that offers online trading for its clients.
How to recover money from 70Trades?
We leave you links to a capital recovery service. We also invite you to leave us a comment with what has happened to you with 70Trades.
How to report 70Trades?
For this, leave us a comment with what has happened to you and we will gladly respond to you as soon as possible and help you.
70 trades is a legal scam.
MODES OF OPERATION
They appear to be a very friendly advisor and when you start investing they show you the great qualities to make the investments and they give you very fast results and you get excited by supporting the company by giving you bonuses so that you can execute profitable operations more easily, but one Once you have at least 5000 dollars invested, you start going to safe haven stocks like palladium, platinum, which give you a very large margin of difference between the value purchased and the operation you are carrying out and lead you to buy quite a few units, always telling you that there are You have to take advantage of the fact that it is going down a lot or going up a lot and you have to take the market option and you will have very good profits, options and agreements are made to guarantee that they will fulfill you when they give you an adequate profit margin and that part of the capital invested will be returned to you partially, when you have the account with very good profits.
They take you almost bewitched that it is the golden opportunity and they ask you to put in more capital and for the capital invested they give you another bonus from the company with respect to the capital
You make the investment and they take advantage of the investor's moment of enthusiasm and make you buy or sell units of refuge shares, they are almost always in raw materials, and everything goes very well, until those refuge shares begin to give you high loss values and the Margin level (operational level with which you can invest by buying or selling units) begins to decrease, and the submission of the company and the commercial advisor who give you operational support begins.
BUSINESS ADVISORS
They are too friendly to win over the investor and they make you believe that a great friendship has been formed, and with the help of the company with the client they make you believe that they are giving you great support to obtain the dividends of your investments and they become a comrade of yours, but after the margin level starts low, they begin to put pressure on you that you must have more money to save your account and not lose your investment, keeping the investor psychologically subdued, but when the profits are made effective with an action , your advisor immediately disappears and they tell you that he left because he was stupid in the company that he retired because he had large profits and that he left everything behind with the clients. When you change advisors, the agreements supposedly disappear and they tell you that he is the moment to have more profits and they send you again to refuge stocks and again to suffer the investor due to the margins that these stocks have in operation and a new season of the investor begins again with another submission by a new advisor and raises again in a friendly manner the way in which both the investor and the advisor would understand each other.
RENEWAL OF CONTRACTS FOR SHARES THAT HAVE EXPIRATION DATE LIMITS
When buying or selling an investment stock, it has an expiration date, which makes it a tool for them to subdue the client or investor, because for each share that has been invested and is active, it becomes close to its expiration date. , the advisors or the so-called bosses (they are the same co-workers) tell you that you should invest more capital because otherwise you will lose part of your invested capital and when there are 15-20 days left they fill you with investments in that stock and then when you don't Making profits subjects you to the psychological management and pressure of having to invest.
SUBMISSION OF THE NOVICE INVESTOR
As I told you, the client or investor must submit to the advisor's rules of the game and a friendship begins to flow and naively submit to submission because they ask you to invest more and more.
Since the company's operating margins are low, you receive a call from the advisors' bosses who simply say that to save your account when it is at 1% or less you must put in capital of $10.000 and it takes a half-hour phone call to make a difficult psychological management because they make you compare between your investment and what you can put in extra to save your account and they lead you to make decisions to lend money or use your additional savings so that you must save your account. They return to giving you profits through of the investments, but they cannot give you money until you are free of debt with them according to what was agreed between the investor and the advisor, until they have the agreed costs they cannot give you money and it is for the investor to have a lot suffering in your personal life to know where to take loans or again client investments. In addition to having to renew stock contracts to know how to manipulate the novice investor and at no time do they explain that they must place more money or reach agreements between the investors to renew contracts, they generally charge you between a third and half of The shares you have are active in the market.
They excite the investor again and tell him that the level of profits is very high and makes him invest in many operations and one of them is to subject the client to a minimum operating margin level again.
ACCOUNT CLOSURE
The advisor begins to tell you that you should invest more because the account has a very low margin and they know how safe haven stocks behave in a way that is closer to reality and they tell you that if you do not put more money the account will be lost and they follow you psychologically subduing and bosses call you again that you must withdraw money from anywhere but you must not abandon the account and the moment one tries to raise the margin level by counteracting the effect of losing actions, there is no way because they disable the button to counteract the stock you are buying or selling as long as the trading margin falls below 0 (almost always during the hours when the Western world is sleeping because it is a global market) and you lose all your remaining investment. for trades and they rescue her and redirect her to do it with profits through the bonuses they have,
and then they tell you in a subsequent call that since they did not make an investment to rescue your account, it is your fault and they continue to make you believe that you did not do more on your own.
I humbly ask you not to let yourself believe this, although it is legal, it is an organized scam from the boards of directors to the advisors and how they get away with 15 sheets that the investor must sign. They are backed by those legal terms and there is not much that can be done as demands.
I lost more than 70.000
Hello ANONYMOUS, thank you for your interest in 70trades, but let me tell you that this broker is a complete scam!
If you are a customer, stop immediately. Don't invest another penny. This broker has a single objective: to take away your money! They manipulate operations as they please, and the money you deposit never reaches the market. Everything is designed so that you lose your money and they fill their pockets!
And if you decide to withdraw, prepare yourself for the game of commissions, taxes and other traps. Never, ever, pay those ransoms! That's the final trap. From that moment on, you are prey to a scam broker who has no intention of returning a single cent to you.
To help other users or clients, share every detail of your experience. Where did you see the advertising? Who called you? We want all the data possible to expose these scoundrels!
Do you want your money back? Join us! Contact us through our chat or complete the form at the following link: CLAIM YOUR MONEY
Don't stay silent! It's time to act and stand up to these scammers!
Regards!
At the beginning of May I invested a very small amount in the company 70Trades and starting out it went very well, only in the first 5 operations, then everything started to go very badly, in an investment that was made in NASDAG they lost almost 800 dollars, between other accounts, what I did notice was that Mr. MAX claims to have 12 years of experience BUT the results were not given according to his experience and responsibility. When the account was lost, MAX told me that it was due to the size of the investment, but that is False because the more money you invest, the more volume they buy, so the result would be the same, so 70TRADES for a comment They made me the same as mine and from my own experience at 70 TRADES I DO NOT RECOMMEND IT.
Hello CARLOS, thank you for your interest in 70trades, but let me tell you that this broker is a complete scam!
If you are a customer, stop immediately. Don't invest another penny. This broker has a single objective: to take away your money! They manipulate operations as they please, and the money you deposit never reaches the market. Everything is designed so that you lose your money and they fill their pockets!
And if you decide to withdraw, prepare yourself for the game of commissions, taxes and other traps. Never, ever, pay those ransoms! That's the final trap. From that moment on, you are prey to a scam broker who has no intention of returning a single cent to you.
To help other users or clients, share every detail of your experience. Where did you see the advertising? Who called you? We want all the data possible to expose these scoundrels!
Do you want your money back? Join us! Contact us through our chat or complete the form at the following link: CLAIM YOUR MONEY
Don't stay silent! It's time to act and stand up to these scammers!
Regards!
Hello friend, I have tried to enter the capixal broker but every time I try I cannot enter, other brokers appear. Let's see if you can guide me and tell me how to enter. Thank you
Hello Luis, this broker is not recommended, it has scammed thousands of clients.
Greetings.
I don't see how much is the minimum that a person has to invest to start trading and I would like to know if they have a DEMO account or not because I don't see what to indicate
Hello Luis, do not invest, it is a fraud, they will steal everything you deposit.
Greetings.
I do not see how much is the minimum that a person has to invest to start trading.
Hello Luis, it is a fraud, do not enter, you will lose all your money. If you have more information about the company, we ask you to share it with us, especially if it is information that you think could help other people by investing with this company.
Greetings.