SeventyBrokers Journal (Broker out of business)

Journal status: closed
SeventyBrokers out of business
SeventyBrokers Profile
Website
seventybrokers.com
Year
2014
Country
Vanuatu
Branches
1
Regulation
VFSC Vanuatu
Registration
VFSC Vanuatu, National Bank of Cambodia
Investor protection
Fund protection
APA Insurance Limited
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
1
LPs quality
Other
LPs names
Gold-I

SeventyBrokers Accounts
STP
Minimum Deposit
100 $
Leverage
100 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.5 pips
Commission
0 $/lotRT
Volume
50 lots
Margin Call
100 %
Stop Out
...
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Bitcoin, Tether
Base currency
USD, BTC
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is SeventyBrokers safe?

  • Investor protection: APA Insurance Limited
  • Regulation: VFSC Vanuatu
  • Registration: VFSC Vanuatu, National Bank of Cambodia
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is SeventyBrokers trusted?

  • Information transparency: sufficient ★★★
  • Customer service: slow, helpful ★★★
  • SeventyBrokers website: uninformative, updated ★★
  • SeventyBrokers popularity (by visitor count): low visits ★★

How SeventyBrokers works



Fund Insurance
In partnership with the International Insurance Underwriters, the Client fund is protected by the APA Insurance Limited with USD 50,000 for each claim.


Order Routing and Execution
Unless otherwise directed, SEVENTY will select the market/dealer to which to route Customer's orders. For products traded at multiple markets, SEVENTY may provide "Smart Routing", which seeks the best market for each order through a computerized algorithm. Customer should choose Smart Routing if available.

SEVENTY shall execute Customer orders as agent, unless otherwise confirmed. SEVENTY can execute Customer orders as principal. SEVENTY may use another broker, or an affiliate, to execute orders, and they have benefit of all SEVENTY's rights hereunder. SEVENTY may decline any Customer order, or terminate Customer's use of SEVENTY's services at any time in SEVENTY's discretion.

scalping trading strategies (trading types that are characterized by consecutive very small profit closing positions in very short periods of time) are not permitted.

IF AT ANY TIME CUSTOMER'S ACCOUNT HAS INSUFFICIENT EQUITY TO MEET MARGIN REQUIREMENTS OR IS IN DEFICIT, SEVENTY HAS THE RIGHT, IN ITS SOLE DISCRETION, BUT NOT THE OBLIGATION, TO LIQUIDATE ALL OR ANY PART OF CUSTOMER'S POSITIONS IN ANY OF CUSTOMER'S SEVENTY NON-IRA ACCOUNTS, INDIVIDUAL OR JOINT, AT ANY TIME AND IN ANY MANNER AND THROUGH ANY MARKET OR DEALER, WITHOUT PRIOR NOTICE OR MARGIN CALL TO CUSTOMER. CUSTOMER SHALL BE LIABLE AND WILL PROMPTLY PAY SEVENTY FOR ANY DEFICIENCIES IN CUSTOMER'S ACCOUNT THAT ARISE FROM SUCH LIQUIDATION OR REMAIN AFTER SUCH LIQUIDATION.



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