500.trade Broker Rating
Overall, when you look at the big picture, 500.trade is a very good online trading platform that boasts all the useful features that you can use to become a successful trader.
The coronavirus pandemic may have wreaked havoc across various industries, but the financial markets have continued to show strength even in the face of this massive challenge. They are brimming with opportunities and many have shifted towards them for generating high returns. If you are also considering this option, then you need to start looking for a broker. They will provide you the platform, tools and features that are needed for trading. It will not take you long to see that there are hundreds of options that exist in the market. Amongst them is 500.trade, which has gained popularity quickly and this has made people curious about its offerings. A 500.trade review can tell you what has helped the platform in becoming the top choice of many.
You can find out exactly what you will be able to access and if it is worth it for you. Ready to get started? Let’s begin:
With cybersecurity becoming a prominent concern amongst people, it is not surprising that they have begun to value platforms with a robust security infrastructure. After all, you don’t want your money to be stolen, or your personal information to be misused. 500.trade is aware of the concern and has taken steps to minimize them as much as possible. Their goal is to create a secure trading environment, one they accomplish by using 100% SSL (Secure Socket Layer) encryption on their website.
This ensures that all sensitive and personal data shared by their clients is immediately encrypted, so it cannot be viewed by any unauthorized individual or misused in any way. As for keeping your funds safe, 500.trade has opted to use customer account segregation, which means all client accounts are kept separate from the company’s own. Their funds are deposited with leading financial institutions, thereby ensuring that there is no misappropriation or mix up.
The amount of returns you are able to make will depend a great deal on the instruments you trade. Not every financial product offers you the same kind of profits, as it depends on the market they belong to and their volatility. For instance, the forex market is highly volatile, so it can offer higher returns, as opposed to the commodities market. As everyone has different risk tolerance, you need to know if the broker you are signing up with can offer you the instruments that fit your requirements.
With 500.trade, you are able to choose from 700 financial products that belong to some of the leading markets around the world. You can choose from the forex market, stock market, commodities and the indices markets and now, they have also added cryptocurrencies to their offerings. This gives traders a chance to find a trading instrument that works for them and helps them in diversifying their portfolio to keep their risks under control.
You need to know if there are any prerequisites that you have to fulfill before you can sign up for an account with a broker. This saves you from wasting time and allows you to complete the process quickly. The good thing about 500.trade is that they have kept their sign up process hassle-free, simple and quick. It doesn’t take you more than five minutes to complete the process because it only involves a single form on their website.
The form asks for basic information, such as your first name, last name, email address and password, phone number and country. Next, you have to agree to the Terms & Conditions of 500.trade and confirm that you are at least 18 years old. Your registration process will be complete here.
After you are done with sign up, you will be required to choose from the account options that are offered by a broker. Everyone offers different options and their features also vary, so you need to go through them to choose one that suits you. The appealing feature of 500.trade is that they have offered twice the number of account options than others. You will find a total of six options available, which are Basic, Bronze, Silver, Gold, Platinum and Elite.
Each account is for traders of a different skillset, so the deposit requirements vary. You have to deposit a minimum of €250 for the Basic account and the highest deposit needed is for the Platinum account at €25,000. 500.trade has ensured that whether you are a newbie trader, beginner, intermediate trader, skilled or advanced trader or a professional, there is an account option for you. Customer support, personal account manager, daily video analysis, daily market review, exclusive position access, personalized trading strategy, price alerts and PRO webinars.
To be able to execute trades in the financial markets, brokers provide you with a trading platform. However, no two companies will offer you the same platform, so you need to know what you will get. 500.trade has come up with a web trading platform for their clients, which doesn’t have to be downloaded or installed because it is accessed via the browser. This allows traders to use it on any device of their preference and gives them a great deal of flexibility.
Just because it is a web trading platform doesn’t mean it cannot provide you a professional trading experience. In fact, cutting-edge technology has been used by 500.trade to ensure instant trade execution. They have also added state-of-the-art trading tools, including trading signals, price alerts, latest financial market news, advanced charts and graphs, custom indicators, different order types and market analysis.
Along with these features, you can also expect to get top-notch and prompt customer support when you opt for 500.trade. They have also added an extensive range of educational resources for their clients to help them polish their knowledge. Their trading fees and spreads are quite competitive, allowing people to maximize their profits and they are transparent about their policies, so you don’t have to worry about any problems. You will have a comprehensive trading solution with 500.trade due to all of these offerings.