Today I want take a look into 70 Trades India and help you understand why it can be a good choice if you’re in India and want to start trading. Let’s get started!
Forex Trading with 70 Traders India Is Not Illegal
There’s a lot of misconception surrounding Forex Trading in India, so I want acknowledge this first. It is believed that this activity is illegal in the country, which immediately makes traders think that Indian brokers can only be scams. Scams are prolific in finance industries, such as with bail bonds loans, so you are smart to be skeptical. What is indeed true is that the Reserve Bank of India does restrict trading in any overseas margin trading segment.
However, that doesn’t mean people can’t legally trade with currency that involves Indian Rupees (INR). There are four currency pairs with which it is allowed to legally trade in India: USD-INR, GBP-INR, JPY-INR, and EUR-INR.
70 Trades India in Deep
70 Trades India offers services to fit any level of expertise. Their plans are tailored for beginners, advanced traders, and professional traders. I will mention what each of them includes later on.
You also have the option of selecting the kind of trade you’re most interested in, whether it’s primary products, gold, or oil. 70 Trades also offers education courses. So by selecting your interest, you’ll have access to video lessons that are specific to what you want to learn. That’s a big plus for beginners!
When it comes to choosing a broker in India, you have to make sure to go for a broker that has verified RBI authorized banks as their partners. That means that deposit will be simple and easy, and your capital will be separated from the company’s capital.
It also means that you won’t end up losing your money, and you won’t have to pay large commission rates, you won’t have to deal with unnecessary intermediaries, you’ll have flexible lots, and you’ll be allowed to control the size of your operation. 70 Trades India offers you all of this and it’s available 24 hours a day, from Sunday night until Friday afternoon.
Another great thing about 70 Trades India is that it allows you to predict currency behavior so you can make smart investments. That means that it will help you calculate the value of the currencies you’re trading with, so you’ll be able to buy when the price goes up, and sell when it falls.
Another good thing is that 70 Trades offers a demo account for people who are still learning and want to see how everything works. The demo account will allow beginners to practice their trading skills, that way they can build confidence and then move to the deep end of the pool once they’re ready.
This trading firm takes the client’s safety and security very seriously. Being aware that trading is a very risky and volatile activity, the company provides a protection policy that prevents the account balances to go into negative. This ensures that the traders won’t lose more than they invest.
70 Trades also keeps beginners in mind. Beginner traders need trial and error in order to learn, but at the same time it means that there are more chances of loss. 70 Trades offers beginners the opportunity to develop skills without risking too much and they offer a close look into the process of investment.
70 Trades India services
- Assets: Currencies, market indices, bonds, shares, and commodities.
- Trading software: PROfit Forex trading platform.
- Languages available: English, Spanish, French, Italian, Arabic.
- Traders’ nationality: GCC – United Arab Emirates, Saudi Arabia, Qatar, Oman, Malaysia, and South Africa.
- Payment Methods: VISA, VISA ELECTRON, MasterCard, Maestro, Skrill, Neteller, Eco Payz, Yuupay, and MoneyNet.
70 Trades India Plans
Entry Level. The plan includes:
- Free e-book.
- Free formation.
- Online exchange transactions.
- Beginners’ course.
- Leverage of 1:200.
- Personal account manager.
- Basic products, foreign currencies, stock market values.
Advanced Level. The plan includes:
- Free e-book.
- Free formation.
- Online exchange transactions.
- Beginners’ course.
- Leverage of 1:200.
- Personal account manager,
- Basic products, foreign currencies, stock market values.
- Exchange operation signals.
Professional Level. The plan includes:
- Free e-book.
- Free formation.
- Online exchange operations.
- Beginners’ course.
- Leverage of 1:200.
- Personal account manager.
- Basic products, foreign currencies, stock market values.
- Exchange operation signals.
- 4 months of free Tradency.
The bottom line is that 70 Trades is not a scam; it is a registered broker you can trust, and it’s also a great source of information. It offers its clients a lot of tools for traders of all levels of expertise along with a great platform!
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