500pips Review
Established in 2018, 500pips offers financial services for people, wanting to get access to a seamless trading experience in the markets. Holding knowledge, scale, and resources, the brand managed to raise the bar for customers when it comes to spreads, the technology used, and trade execution.
With strong encryption, personal data and finances are constantly protected when holding an account at 500pips.net. Online privacy has become a critical issue, especially when trading cryptocurrencies and this company seems to have anticipated that from an early stage.
500pips trading software and technology
Dealing with the challenging conditions in the crypto market would not be possible without advanced technologies and tools that are proven to work effectively. 500pips offers a tailored trading solution fully equipped with leading tools aimed at both experienced and beginner traders.
The 500pips trading platform is fully equipped with industry-leading tools and features, built to help customers craft their trading skills. Customized charts and live data, compatibility with any type of device, multiple order types, risk management tools, and others are integrated into this solution, now when markets are extremely challenging.
In hand with advanced technology comes strong security. Since 500pips uses advanced encryption algorithms, using its services is highly secure. Traders can rest assured that their personal data and finances are kept away from unwanted situations.
Choosing an account type
The 500pips account types offer Basic, Bronze, Silver, Gold, Platinum, and Black solutions, each with a different set of features and initial deposit required. This company provides a welcome bonus ranging between 20% (Basic account) and 100% (Platinum account), differentiated spreads, 24/5 support, access to an education center, price alerts, PRO webinars, support from an account manager, and other benefits.
Since it aims to serve customers from many different countries, 500pips has a full range of payment options available, including credit/debit card, bank wire transfer, Skrill, and Neteller.
According to the 500pips Asset Index, the variety of trading instruments available, enables users to get involved in some of the most active asset classes. With regards to cryptocurrency trading, Bitcoin, Ethereum, Ripple, Dash, Litecoin, EOS, and ETC are among the covered tokens. It is possible to trade crypto with 1:5 leverage and flexible spreads, based on the account type chosen and market volatility.
Cryptocurrencies are volatile assets and users can build a diversified exposure by using other leading assets in tandem, including FX, stocks, indices, and commodities.
500pips.net had been reviewed by websites like 24forexsecrets.com and the asset diversity had been highlighted. On top of the generous cryptocurrency list, there are over 1,000 assets, allowing for proper portfolio build-up.
Education center
Developed to boost the trader’s knowledge base, the 500pips education center includes insightful videos on relevant trading topics, a complete eBooks library, and live expert webinars. Access to educational resources means individuals with little or no prior trading background can get initiated and gradually learn what’s needed to understand how markets function and to eventually find trading opportunities on their own.
Pros
- 500pips covers a generous pack of cryptocurrency instruments
- Traders have access to a proprietary platform solution
- A full range of educational resources available
Cons
- 500pips was established in 2018
- Users in certain countries can’t open an account
The bottom line
500pips turns out to be one of the innovative ways to trade and invest in cryptocurrencies and other leading markets. The brand continues to work on improving its services and that’s something benefiting users in the end. In an environment where cryptos are fluctuating up and down impulsively, the ability to trade them is something to consider, if the goal is taking advantage solely of price movements.
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