500Investments Review
Overview
Selecting the right broker is very important for traders, especially now when there are so many different providers in the market. With so many options available they should be focusing on several important details that have to do with the trading platform, asset coverage, trading costs, and educational resources available.
500Investments is a global trading brand, providing its services for traders all around the world, except for residents in certain countries like the USA, 500Investments aims to provide the mentioned above trading functionalities and at the same time, serve as easy access to financial markets, without major barriers.
Trading Platforms
Providing a unique trading experience is part of 500Investment’s business agenda, which is why it supports a proprietary trading platform available via any modern browser. The platform comes with a simple, yet efficient interface, integrating multiple tools like TradingView charts, Social Trading, one-click trading, and risk management features.
Since it can be used on any device, including mobile, the 500Investments platform is ideal to stay connected with the market at any point, monitoring the latest price developments, managing open trades, and finding new trading opportunities.
This platform gives you the freedom and flexibility to trade effectively in today’s financial markets, using price alerts or trading signals provided by expert financial advisors. What existing customers seem to like the most about the platform is its ability to adapt to any type of screen, regardless of size.
Trading Accounts
In order to start trading with 500Investments, any trader should make a minimum deposit of $250. In exchange, access to a Basic account will be granted. 24/6 customer support, free access to a trading academy, daily market briefs, price alerts, and support from a dedicated account manager will be some of the most important benefits associated with this account.
However, the Basic account does not integrate all the functionalities provided by the broker. The 500Investments activity in the markets had been intense, which is why its account type offer includes Silver, Gold, Platinum, and Diamond accounts.
These accounts benefit from an active trader or VIP prices, VIP webinars and seminars, support from a senior account manager, exclusive updates, wealth management, and others. 500Investments support some of the most popular payment methods, for both deposits and withdrawals, including credit/debit cards and wire transfers.
Registration
The registration process is very easy and convenient, with no major difficulties in the way of opening an account. Users must provide their personal details (first and last name, country of residence, phone number, and email), set the account currency, and a strong password.
After that, the account will be opened within seconds and they can proceed with an initial deposit. It is important to note that due to AML/KYC requirements, all clients need to verify their identity and address, according to the 500Investments guidelines. Specific instructions will be provided via the platform.
Assets
At 500Investments, customers will benefit from 1,000+ world-class financial assets, ranging from forex, commodities, indices, stocks, and cryptocurrencies. They can trade with up to 1:400 leverage and tight spreads, while also benefiting from 0 commission for 1 million USD in trading volume.
It is important to note that spreads will depend on the account type chosen. At the same time, all clients will get access to the full pack of assets, regardless of their account choice. 500Investments wants to make sure that all customers can get involved in the financial markets, without restrictions.
A great emphasis is on the cryptocurrency offer, which covers a broad range of instruments, including BTCUSD, ETHUSD, DASHUSD, LTCUSD, and some other special pairs like BTCAUD, BTCJPy, STRBTC, ETHBTC, LTCXMR, and others. Traders have the unique opportunity to get involved in the crypto market, taking advantage of both rising and falling markets.
Customer Service
The 500Investments customer service benefits from good ratings, which seems to be the result of the broker keeping in close contact with its customers. At present, they can get in touch with a representative using the phone number available on the broker’s website, the contact form, or the support email address. Anybody is free to ask any question that has to do with the 500Investments trading offer.
Pros and Cons
– More than 1,000 different assets, including FX, shares, indices, commodities, and cryptocurrencies.
– Unique and innovative trading platform
– Useful educational resources are provided.
– No support for MetaTrader platforms.
– High leverage could be dangerous without proper risk management.
Conclusion
Given all the trading features available could there be any doubt on whether 500Investments is a scam? With a long track record in the market, the company is fully committed to serving traders, ensuring they get access to some of the latest trading benefits. 500Investments is flexible and open for new venues, which is why its offer had focused on providing access to a broad range of cryptocurrency instruments. Crypto traders will find it interesting to trade some of the most popular tokens.
500Investments Broker Rating
