500.trade Broker Summary
- Overall Rating
Here at The Next Bitcoin you can learn about many trading platforms, one of them is 500.trade, we have concluded that 500.trade is a good trading platform, it is NOT a scam! Read our 500.trade review today and learn all you need to know about the 500.trade trading platform and why we recommend it for all traders.
Making the right choice is of the utmost importance, regardless of what you are shopping for. Of course, doing so requires some effort on your part, along with an investment of time because you want to be thorough and not make any mistakes. This also applies when you are shopping for a broker to start your online trading journey. This venture can undoubtedly be profitable and has a lot of potential for profits, but you can only exploit this when you partner with the right firm. How do you choose one? This is where you will understand why 500.trade review is essential.
Nowadays, anyone can set up a website and start touting their services and products. There is no way for you to ascertain whether they are authentic and actually do what they claim by simply looking at their website. You have to dig in deep in order to get to the truth and this is what you should do in the case of 500.trade. This is a broker that gives you access to the financial markets and promises to offer you everything you need for this purpose. Do they accomplish this goal? Let’s find out the truth:
The Asset Offerings
Everyone knows that online trading involves buying and selling financial instruments, which means you profit from their movements. But, not all instruments move the same way, or can offer the same returns. Everyone wants to have the best and this is what you will get with 500.trade. Sure, they claim the same, but you don’t need to accept their word for it. You can do your own assessment and it becomes apparent that there are more than 700 financial instruments that can be found on their platform and you can access more than 1,200 global markets.
This is undoubtedly a big perk because not many companies can offer such a huge variety in one place. Hence, 500.trade can cater to a large number of traders and can also be a solid option for those who are looking to diversify their investment for mitigating the risks. You can trade in the commodities market, if you have a low risk tolerance, or go for the forex or cryptocurrency market, if you enjoy high volatility. The stock and indices market are great options for those who prefer moderate risks. In this way, every kind of trader will have something to trade on the platform.
The Account Choices
Many people sign up with online brokers on a daily basis. Some are trading for the first time, while others have tried their luck before. There are also those who have a career in trading. None of these people have the same needs or requirements and to satisfy traders belonging to these different categories, brokers usually come up with account choices. 500.trade has followed the same trend, with the only difference being that they have added flexibility in their choices. Rather than going with the usual two to three choices, they offer you six.
Basic, Bronze, Silver, Gold, Platinum and Elite are the choices you will find at your disposal. The minimum deposit requirements are €250, €1,000, €5,000, €10,000 and €25,000 respectively. The Elite account doesn’t have this requirement because it is only offered to selected traders, who meet some requirements. Features like price alerts, daily market review, daily video analysis, education center access, account manager and customer support are available in every account. But, there are some special perks that 500.trade only provides in some accounts like welcome bonus that starts from the Silver account, one-on-one training, personalized trading strategy and exclusive position access.
Suffice it to say, every trader will be able to find an account option that works for them.
The Simple Trading Platform
The quality of your trading experience depends a great deal on the trading platform that you are provided by a broker. It is their primary responsibility to offer you the platform, so it is not something they should take lightly or compromise on. 500.trade has chosen not to do so and rather than offering one of the existing platforms in the market, they have chosen to develop their own. The result is a simple yet powerful and feature-rich web trading platform.
The beauty of this option is that it saves you from the hassle of download and installation; you just access the platform via the web browser by going to the 500.trade website. Nevertheless, this doesn’t mean that the platform lacks in any way because it runs just as quickly and smoothly, as other trading platforms in the market. As far as tools are concerned, you will find plenty of these including price alerts, trading signals, different types of custom indicators, fundamental and technical analysis, latest financial news and risk management tools.
Traders can also enjoy flexibility due to the trading platform, as they are free to use it on the device they prefer. 500.trade has chosen the web trading platform because it is compatible with desktop PCs, along with mobile devices, so you can trade on the move as well.
The Comprehensive Customer Support
Challenges are part of the trading process and as long as you are able to overcome them quickly, you can profit from this activity. But, you may require help, at one point or another, to deal with these challenges and this is where customer support plays a vital role. Consequently, 500.trade has added various channels for providing help to their clients. You can give them a call on the number provided, or send in an email. The Contact Us section on the website also has a contact form that you can fill for scheduling a call back. Live chat has also been added for your convenience. Plus, the FAQ section is also informative and provides plenty of answers.
Considering the excellent and robust security measures, the low trading fees, the easy registration process and the horde of payment methods, 500.trade can turn out to be the right choice for traders looking for a good trading solution.