500investments Overview
Trading the financial markets without any major restrictions is not yet possible with most of the brokers, due to very tight regulation. Only a few brokers are allowing a broader set of trading services, and one of them is 500investments.
Owned by Cabsy Holdings Ltd, the brand offers access to a diverse set of features and tools, tailored towards markets like FX, shares, indices, commodities, and cryptocurrencies.
There are multiple reasons why people should choose to work with 500investments and some of them will be the topic of the current review. Before we get into the actual details, it is important to note that even though the broker targets customers all around the world, that does not apply to countries where the services provided are contrary to local law or regulation.
Trading Platform
The 500investments proprietary platform incorporates some of the latest trading technologies, including TradingView charts, Social Trading, Price alerts, as well as full account functionalities, such as deposits, withdrawals, account verification, or settings. Basically, the platform is where all the operations can be conducted, to make the whole process more convenient and easy.
Even though this is the only platform available at 500investments, traders don’t need to worry because it can be used on any type of device, including mobile. As long as access to an internet connection and a web browser are granted, traders will be in touch with the market, monitoring existing trades, or finding new opportunities.
One of the main goals of 500investments is to open access to financial markets for any individual, even those with little or even no experience at all.and that’s the main reason why the platform comes with a simple user-interface and a great degree of customization. If we look at the software from many different angles, we can easily notice it ranks very well.
Assets
With over 1,000 assets to trade, 500investments represents a decent alternative to work with, in order to have diversified market exposure. At present, the broker covers FX pairs, popular shares, a list of top indices, commodities, and cryptocurrencies. Traders can benefit from up to 1:400 leverage (this is available for FX pairs only and drops to as low as 1:5 for cryptocurrencies).
500investments offer competitive spreads and 0 commission for 1 million USD in trading volume. The conditions are different, depending on the account you will choose. The 500investments account types offer include basic, silver, gold, platinum, and diamond, each with a different pack of features.
Deposits and withdrawals
To start trading with 500investments you will need to make a minimum deposit of $250. The broker accepts credit/debit cards, BPay, and bank transfers for both deposits and withdrawals. For withdrawals, the minimum amount is 100 EUR/USD/GBP via bank wire. For all other payment methods, it is 50 USD/EUR/GBP. The finance department will process and approve the request within 3-4 business days.
In terms of withdrawal fees, Gold and Platinum account holders are granted their first withdrawal free of charge. Most withdrawals are assigned a service fee of 3.5%. The standard fee for a withdrawal is $30.
At the same time, traders will need to verify their trading accounts before being eligible for a withdrawal. To do that, they must provide proof of identity (ID card, passport, or driver’s license), proof of residency (gas, electricity, home phone bill, bank statement), or a scanned copy of both front and backside of the credit/debit card (in case you choose this method). The process is 100% secure because all clients will need to send a request and all will be processed manually by a 500investments representative.
Customer Service
Do you have any questions about the 500investments services, or did not encounter a technical difficulty? The broker relies on a team of professionals available 24/6 to assist existing or potential clients. You can either use the phone number, fill a contact form, or use one of the three email addresses provided on the website. 500investments is always here to respond to any question and benefit from good customer service feedback.
Final Words
Considering all the trading features available, 500investments is not a scam but rather qualifies as a highly versatile and transparent broker. Using these services, traders all around the world can engage in different markets, including forex, stocks, commodities, indices, and cryptocurrencies. As trading opportunities arise in many places, with 500investments benefiting from them is not an issue.
At the same time, there is no reason to believe the company does not act on behalf of its customers. Anyone interested to find out more about it, can visit the website or contact a customer support representative. Ultimately, it would be up to each one to decide whether 500investments is the ideal broker to work with. To try all the functionalities risk-free, it is possible to open a demo account easily.
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