500InvestmentsREVIEW
September 29, 2020
500Investments CFD Broker Review
Introduction
Owned by Cabsy Holdings Ltd, 500Investments is an online trading brand specialized in providing access to 1,000+ different trading instruments, including stocks, forex, commodities, indices, and cryptocurrencies. It aims to unleash any individual trading potential through cutting-edge technological innovation and financial proficiency.
With its customer-oriented approach, 500Investments wants to reach customers from all around the world, except for certain countries, including the United States of America.
500Investments Accounts
To reach a broader range of traders, 500Investments offers 5 different account types:
- Basic
- Silver
- Gold
- Platinum
- Diamond.
The basic account requires a minimum deposit of $250 and provides access to multiple trading facilities, including free access to a trading academy, 24/6 support, daily market briefs, negative equity protection, price alerts, and a dedicated account manager, among others.
For traders willing and able to deposit more funds, 500Investments offers access to better spreads, VIP support, one-on-one tutorials, VIP webinars & seminars, support from a senior account manager, exclusive updates, and others.
Trading Instruments
Trading with 500Investments means you will get access to more than 1,000 different assets. Via the 500Investments stocks trading, forex, commodities, indices, and cryptocurrencies offer, traders can get a diversified exposure on the market and can find opportunities in many different instruments.
Depending on the account type chosen, the spreads are variable and get tighter as we move to the highest accounts. At the same time, the broker offers 0 commission for 1 million USD worth of trading volume.
Trading Platforms
When it comes to trading platforms, 500Investments relies on a proprietary solution. Web-based and integrating multiple features (Social Trading, price alerts, TradingView charts, one-click trading, and others) this is a highly versatile platform designed to work in many different markets. The broker is fully aware customers have different needs and trading styles, which makes diversification the most important part of the process.
At the same time, it is important to note the software can be used even on mobile devices, considering it can be accessed via any modern browser. It is important to note the ability of the platform to downscale perfectly to small mobile screens, without sacrificing functionality or performance.
Deposits and Withdrawals
To fund an account, clients can use credit/debit cards or wire transfers. 500Investments accepts deposits in multiple currencies, including EUR, USD, or GBP. The minimum deposit is 250 in any of the supported currencies.
For withdrawals, the same methods can be used, after the trader passed the verification process. The minimum withdrawal amount is 100 USD/EUR/GBP for bank wires and 50 USD/EUR/GBP for all the other payment methods. The standard withdrawal fee is $30 and the 500Investments Finance Department processes and approves most withdrawal requests within 3-4 business days.
Pros and Cons
- More than 1,000 different assets available, including stocks, FX, indices, commodities, and cryptocurrencies.
- Advanced and flexible trading software, compatible with any device.
- Wide range of educational resources available, depending on the account type chosen.
- There are no ETF instruments available with 500Investments.
- Customer support available via email or phone, no live chat.
Should I trade with 500Investments?
Considering 500Investments is benefiting from increased online exposure, it is obvious the company operates transparently, providing all the information about its services on the official website.
?These services are intended for traders that want to unleash the full potential of online trading, without the tight regulation seen in Europe of the USA. However, because of that, it is important to note traders from several companies are restricted to hold an account with the broker. There are multiple trading functionalities available and that makes 500Investments a desirable broker.