I want to know the authenticity of the firm whether it is genuine or not.
I request your support to clarify this point before continuing with them. I signed agreement with them and I submitted my documents to them as per their requirements still want to make sure their reliability for safe side.
70Trades says they have a license from Vanuatu, which is a tiny island in the Pacific Ocean. We are not sure what the license covers or if it is worth anything!
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be careful before paying
I paid them 10,000 USD from my credit card and they took all my money and now my account on their website shows zero money. They operate through a dummy account and shall suggest you wild trades so that you think you lost your money in a real trade.
While I am reading their reviews on the website, everyone is saying that this is a scam.
The transactions I’ve made are on 5th April and 10th April.
Is there any way I reverse this transaction, I already have blocked my credit card through SABB direct helpline.
After setting up a dummy account, they coupled my money with an equivalent of their’ s and suggested me to take a wildly bad position against the market trend. They claimed to have an inside scoop on the market and satisfied me by saying that the positions I’d taken were definitely going to close in profit. Once, the position seemed to exhibit greater loss they asked me to deposit more money to retain my initial investments and stay committed to the profits. I kept on pouring money into their account on following through a snowball effect to secure my capital. According to them, I could easily get back all my investments once the position gets closed after making insane profits in a single trade. But how can such a worst exposed trade without any stop loss could earn you a money against market odds, thus I ended up liquidating all my account.
I’ve been in contact with an account manager Anitah (Malaysian), Junior analyst Zeena (Pakistani), Senior analyst Rajesh (Indian) and a girl Siya while they all were sitting in a call center and posed to have been running a Brokerage house.
Anyone who is their victim and likes to join hand for the legal remedies under cybercrime protection and filing a lawsuit can drop me an email at Moeedkhan1@gmail.com.
I’ve preserved all the bank transaction, the correspondence with the scammers and complete WhatsApp conversation with their associate (my friend).
Please share your stories to unveil and expose them further.
Aas the country code was flashing on my mobile screen was UK’s country code +44 so i trusted him. i asked for some time to make my decision. By that time i did enough research and development that i got to know they are not just big frauds but they create fake accounts to leave positive feedback about their company on different financial websites. After a month or so fraud agent called me again to know my decision. in clear and polite words i told him i would not like to go ahead. the frauds agent got aggressive as he was loosing his commission of course, and started arguing. he even called me ‘POOR’ because i was not ready to pay and join 70 trade.
i hung up the phone and bang, the next call i got from a Singapore number and guess what, the same fraud agent was on the other line. i told him again i am not interested and disconnected the call, this did not end here. the agent kept calling me from different numbers and at one point he called me from 2 different lines simultaneously. it was annoying however i kept myself cool and put my phone on silent as it is my secondary number. i was expecting the same behavior the next day but thank God i did not receive any more calls.
THEY ARE NOT LOCATED IN UK.
If any one has any idea to recover please let me know. I heard about chargeback company in US who deals with this kind of scam. But not sure if they are fake or not .