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70Trades Facts and Figures

– Advertisement – – Advertisement – Forex trading is a lucrative business. However, many traders often end up getting damned by the brokers they use. To benefit maximally from the Forex market, you must use a broker that is generally reliable and offers excellent trading conditions and competitive trading costs. That is, you could use…

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Forex trading is a lucrative business. However, many traders often end up getting damned by the brokers they use. To benefit maximally from the Forex market, you must use a broker that is generally reliable and offers excellent trading conditions and competitive trading costs. That is, you could use a broker like 70Trades. 

Here is our review of this broker that is revolutionizing the way the Forex brokerage business is done.

70Trades offers brokerage services on Forex and CFD trading of stocks, currencies, indices, and commodities. The broker holds its clients’ funds in high regard. It segregates the accounts in which they are kept and ensures that those funds are protected at all times. While there can be skepticism about the strength of the regulatory framework of the country in which it is licensed, it is very important to note that the broker has proved — and continues to do so — that it is genuine.

Trading Platforms Supported

70Trades does not use MetaTrader 4, which can be contrary to the popular industry expectation. However, it offers the PROfit platform in the two forms: web and mobile. The web-based version of the PROfit trading platform has a highly user-friendly interface, instantaneous execution of trades functionality, and real-time market and data feed.

Likewise, the mobile version is convenient and easy to use. Still, however, it neither lags nor lacks, also, in any of the features the web-based version supports. Traders can conduct their analyses, monitor the markets, and enter and exit trades all on the go! And no matter the device you use, smartphone or tab, Android or iOS, you can be sure that compatibility will never be a problem.

Offered Trading Accounts

70Trades offers two primary account types: demo account and real account. These two accounts successfully cater to the needs of a wide variety of traders seeking to learn and to earn from the Forex market. The demo account is provided with $100,000 in virtual funds which the client can practice with, without incurring any fee.

The real account has all the tools and functionalities provided by the broker enabled. Its minimum deposit requirement is just $200. And to register, you do not have to pay any fee. 70Trades also offers a leverage ratio of 1:200, one of the highest in the industry. As a result, users have a high profit-making potential to exploit.

Customer Support Service

70Trades has a customer support service that attends to the enquiries and complaints of clients. This service is provided through the three popular channels of email, phone, and live chat. The live chat, integrated with the trading platform itself, is the fastest of the three.

70Trades’ customer support service is offered 24/7. Since its clients are drawn from multiple countries with different tongues, the service does not come only in English, but also in French, Arabic, Italian, and even Spanish! Therefore, no matter your preferred language, you will always be able to have your needs attended to by 70Trades.

Another interesting feature of 70Trades is the professional advisory role it assumes for its clients. Hardly is there any other broker that goes to such length for clients — at no additional cost.  As a result of the role, every user has access to the broker to enhance their trading skills and to help them take the right trades.

Education

A standard broker should seek to educate its clients. It is a test to which you should subject any broker you want to use. In this regard, 70Trades excels. It provides professional trading advice to its clients, which is geared towards birthing expert traders. This professional advisory service is divided into three levels: beginner, intermediate, and expert.

The service is aimed at introducing newbie traders to the basics of Forex trading from which it walks them through to professionalism via the teaching of advanced Forex trading skills such as technical analysis and risk management. Both the professional advice and tutorials cover a wide range of products from gold to oil.

Additionally, 70Trades avails its clients with analysis tools such as real-time data on the market, an economic calendar, and similar resources. Consequently, using the broker and adequately exploiting the educational and analysis resources it provides, will ultimately make you a Forex success.

Deposit and Withdrawal

Before you use any broker, first check for the methods of deposit and withdrawal it offers and the ease of use of those methods. Most fraudulent brokers perpetrate their heinous acts here. They make depositing easy but withdrawing hard. However, 70Trades is a broker you can trust in this regard.

It provides deposit and withdrawal methods which include bank transfers, credit and debit cards and electronic wallets such as Skrill. With the broker, depositing and withdrawing are both easy. You do not need to fill any form and your withdrawn amounts are credited in no time.

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Industry News

School4Trading Review – How to Spot Possible Forex Broker Fraud

School4trading Review

School4Trading Review – How to Spot Possible Forex Broker Fraud

In this School4trading Review, we will look at the features of the software, as well as the customer support. First, let us look at the interface. The design is simple and easy to navigate. It also provides a chatbot, which helps you to communicate with the broker. The customer service is warm and inviting, which is a hallmark of a good broker. In contrast, a fraudulent broker will use cold and impersonal customer support to lure people in.

Another problem with the system is that the login process is not always intuitive. You may have to retype your password several times to get in. Then, you may experience difficulties withdrawing your funds or accessing your account. In such cases, you might have to wait for days or even weeks before you can withdraw the money you’ve invested. This is not a good sign. It’s better to choose a different trading platform altogether.

If you’re having trouble logging in, you should also check the legitimacy of the broker. Whether the broker is licensed by a reliable regulatory body or closed down, you’ll want to be sure it’s legitimate. If the broker isn’t licensed by the right body, don’t trust him. You shouldn’t waste your time with an inexperienced company. This will only cause you problems in the long run.

The next factor that should be checked is the licensing. A legitimate broker will have a license from a high regulatory body. However, a broker without a license will be unreliable. Moreover, a reliable regulator will take away the license of a scam broker. As a result, a trustworthy School4Broker/Profittrade review should mention fees, account rules, and contract terms. A scam broker will be unable to operate legally.

Secondly, look for warning signs. The broker should be licensed and regulated by a reliable regulatory body. It should be regulated by a high level. If it doesn’t, it’s a scam. Lastly, it should have a website that lets you easily access your account. Moreover, you should not hesitate to check the contact information. If you find any information that seems suspicious, you should reconsider using the broker.

In summary, Forex trading isn’t easy, but it doesn’t have to be complicated. It’s not as difficult as it seems if you’ve heard about the program. You’ll learn everything about the basics and how to become a professional. But if you’re still unsure about whether this program is right for you, don’t hesitate to contact a school4trading’s website.

The most important thing to remember when it comes to Forex trading is that it’s not easy. While it’s important to have a strong background in trading, there are a number of factors that can affect your success. Having a proper plan is vital in the long run, because you will be trading with real money. And, the platform should be reliable. Otherwise, you’ll end up losing a lot of money.

As we’ve mentioned, Forex is not easy. Investing isn’t something you can do in the comfort of your own home. You need a proven system. There are no free trials, so you’ll have to find a way to do it yourself. This isn’t a scam, and it’s a great way to make money without any help. A Forex system can help you learn the intricacies of the market.

Although the process of learning Forex isn’t an easy one, it’s certainly not impossible. Fortunately, there are many people who are willing to take the time to learn how to trade. But, even the most experienced trader needs to be aware of the risks of the market. While Forex trading isn’t easy, it can be done with the right knowledge. The software’s user-friendly interface is key.

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Daily Financial News

Don’t Count On JPY Correction; Staying Long GBP/JPY

The path of the potential pace of the JPY decline may still be underestimated by markets, which continue trading the JPY long.

While the 10% USDJPY advance from September lows looks impressive from a momentum point of view, it may no thave been driven by Japan’s institutional investors reducing their hedging ratios or Japan’s household sector reestablishing carry trades.

Instead, investors seemed to have been caught on the wrong foot, concerned about a sudden decline of risk appetite or the incoming US administration being focused on trade issues and not on spending. Spending requires funding and indeed the President-elect Trump’s team appears to be focused on funding. Here are a few examples: Reducing corporate taxation may pave the way for US corporates repatriating some of their USD2.6trn accumulated foreign profits. Cutting bank regulation could increase the risk-absorbing capacity within bank balance sheets. Hence, funding conditions – including for the sovereign – might generally ease. De-regulating the oil sector would help the trade balance, slowing the anticipated increase in the US current account deficit. The US current account deficit presently runs at 2.6% of GDP, which is below worrisome levels. Should the incoming government push for early trade restrictions, reaction (including Asian sovereigns reducing their holdings) could increase US funding costs, which runs against the interest of the Trump team.

Instead of counting on risk aversion to stop the JPY depreciation, we expect nominal yield differentials and the Fed moderately hiking rates to unleash capital outflows from Japan.The yield differential argumenthas become more compelling with the BoJ turning into yield curve managers. Via this policy move, rising inflation rates push JPY real rates and yields lower, which will weaken the JPY. Exhibit 12 shows how much Japan’s labor market conditions have tightened. A minor surge in corporate profitability may now be sufficient, pushing Japan wages up and implicity real yields lower.

JPY dynamics are diametrical to last year . Last year, the JGB’s “exhausted”yield curve left the BoJ without a tool to push real yields low enough to adequately address the weakened nominal GDP outlook. JPY remained artificially high at a time when the US opted for sharply lower real yields. USDJPY had to decline, triggering JPY bullish secondround effects via JPY-based financial institutions increasing their FX hedge ratios and Japan’s retail sector cutting its carry trade exposures. Now the opposite seems to be happening. The managed JGB curve suggests rising inflation expectations are driving Japan’s real yield lower. The Fed reluctantly hiking rates may keep risk appetite supported but increase USD hedging costs.Financial institutions reducinghedge ratios and Japan’s household sector piling back into the carry trade could provide secondround JPY weakening effects

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Daily Financial News

Mexico raises interest rates, cites Trump as risk

The head of Mexico’s central bank says U.S. Republican candidate Donald Trump represents a “hurricane” sized threat to Mexico.

Banco de Mexico Gov. Agustin Carstens told the Radio Formula network Friday that a Trump presidency “would be a hurricane and a particularly intense one if he fulfills what he has been saying in his campaign.”

Trump has proposed building a wall along the border and re-negotiating the North American Free Trade Agreement.

Mexico’s central bank raised its prime lending rate by half a percent to 4.75 percent Thursday, citing “nervousness surrounding the possible consequences of the U.S. elections, whose implications for Mexico could be particularly significant.”

Mexico’s peso had lost about 6 percent in value against the dollar since mid-August. It recovered slightly after the rate hike

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