|Broker Type:||CFD, Forex & Crypto|
|Operating since year:||2018|
|Trading platform Time zone:||-|
|Other trading instruments:||Indices, Stocks|
|Minimum deposit ($):||$250|
500pips Review: Start with Trading Innovation
- General Information
- Why 500pips.com
- Safety and Security
- Withdrawal and Deposit Methods
- Tradable Products
- Trading with CFDs
- The Trading Platform
- Account Types
- Customer Support
All you need to know about 500pips: Review of General Information
500pips.net is a new broker that stepped into the trade market world in 2018. The young broker has devoted itself to offering seamless trading and investments in financial markets across the globe. Besides, the company is a part of Pepper group LLC, which helps the broker scale resources to raise the bar for traders worldwide.
Review of Benefits of Trading with 500pips.com
- Simple Account Management
- Quick Deposits and Withdrawals
- Selection of Trading Accounts
- Live Data Feed and updates
- 24/5 Customer Service
- Customized and Personalized Analysis Tools
- Advanced Charts and Graphs
- Personal Account Managers
So Why 500pips.com?
The platform combines lightning-fast execution speeds, raw spreads, and low commissions with a genuine commitment to helping you achieve your trading goals.
Regardless of whether you’re an accomplished trader searching for low spreads and innovative trading, or an investor searching for long-term financial projects, you’ll discover 500pips website is perfect and suits you impeccably.
The customer support team is always by the clients’ side. The broker is fully committed to providing all the support, and assistance traders might need.
Review of Safety and Security
The broker also provides clients with the technological expertise and the vast resources to unleash clients’ full trading potential. In fact, traders can take full advantage of the experts and learn from their trading experience. 500pips.com utilizes the most up-to-date encryption technology as international banks, and major online retailers do. Thus, clients’ orders and fund information are under protection at all times.
500pips won’t share personal details with any outside agency or a third party. Moreover, it operates under a guaranteed no hidden fee policy, with the deposits and withdrawals process being fast and convenient.
500Pips Review: Withdrawal methods, Deposit and Policy
500pips customers can withdraw their funds and benefits whenever they need to. Thus, there are not a lot of complications, and the procedures are pretty standard yet straightforward.
Moreover, to request a complete or even partial fund withdrawal, one needs to click on “Withdrawal request” in the personal account section.
In fact, please consider that 500pips takes five to seven business days to process the withdrawal request.
Also, correspondence to withdrawals takes up to 7 business days to reach a credit card or bank account.
According to generally good AML regulations, withdrawals must be performed only through the same bank account or credit/debit card used to deposit the funds in the first place.
Furthermore, when it comes to withdrawals, the client may be required to present additional information and documents.
Also, the broker does not accept western union or Moneygram.
Review of 500Pips Tradable Products
500pips has an apparent asset page. In fact, here is a list of the broker’s trading products.
- Commodities – Gold Spot, Silver, Natural Gas, Brent Oil, Platinum, Wheat, Coffee, Soybeans, Corn, Cocoa, etc.
- Indices – DAX 30, S&P500, NASDAQ, Taiwan MSCI Futures, Singapore MSCI Futures MAR21, Eurostoxx 50 Futures.
- Stocks – Lloyds Bank, Rolls Royce, EasyJet, Fresenius SE & Co, Deutsche Post, Siemens, British American Tobacco, etc.
- Forex – EUR/CHF, NZD/USD, EUR/GBP, USD/CHF, etc.
Also, all trading at 500pips is commission-free. There are no hidden fees or other charges. The broker worked really hard to reduce traders’ investment costs and offer clients the best possible trading environment.
Why should you choose 500pips.com and CFDs?
In our review, as we describe all the tools and offers of the broker, we always try to pay close attention to the overall functionality and usefulness of the platform and its products.
The broker specializes in CFDs trading, and if you are a newbie and have never had a chance to trade with these, you may not know what’s it all about.
Overall, CFDs are increasingly becoming the first choice of investment for a lot of modern traders.
They allow anyone to complete independence and the ability to build a personal portfolio.
Here are some advantages of CFDs that you might consider.
500pips is an online brokerage that operates with significantly reduced costs compared to traditional stockbrokers and investment houses. The brokerage passes these savings on to their clients by offering competitive fixed spreads on all assets.
CFDs offer profit opportunities at any given time. It is possible to profit from CFD trading in both rising and falling markets by simply selling or buying positions.
Automatic closure of any open position enables smart money management. Money management is always possible thanks to the stop loss/take profit parameters.
Leverage enables traders to gain a large exposure to any financial. It helps a lot in increasing overall profits only because they are based on the position’s total investment amount.
500pips Review: The Trading Platform
500pips uses a proprietary platform. It has extremely functional trading technology and is suitable for everyone, no matter the trading experience.
Fully equipped with industry-leading tools and features. 500pips.com’s platform is built to help traders of all levels perfect trading skills.
- CFDs and FX under 1 account
- Immediate real-time execution
- Customized charts and live data
- Desktop, mobile, and tablet compatibility
500pips.com trading platform is available on both web and mobile.
The broker offers six types of accounts. They are ranging from the entry-level Basic version to the premium VIP expert option. The accounts follow a tier-based structure. The premium accounts are much cheaper than with other brokerages, making them very affordable to attain. The account opening process is easy and fast. Here is the list of accounts and everything they can offer.
Here are all six accounts.
- BASIC – Education center, daily market review, pro webinars, spreads, 24/5 support, price alerts.
- BRONZE – education center, daily market review, spreads, 24/5 support, pro webinars, price alerts, daily analysis video, account manager – junior level.
- SILVER – Spreads, 24/5 support, education center, daily market review, pro webinars, price alerts, daily analysis video, senior-level account manager.
- GOLD – Education center, spreads, 24/5 support, daily market review, pro webinars, price alerts, daily analysis video, VIP level account manager, gold signals, personalized trading strategy.
- PLATINUM – Education center, Daily Market Review, spreads, 24/5 support, pro webinars, price alerts, daily analysis video, VIP account manager, personalized trading strategy, 1-on-1 trading trainer.
- BLACK – FOR EXCLUSIVE CLIENTS ONLY. For more details contact your Account Manager.
Still Not Sure Which Account fits you perfectly?
It’s ok to take time to make one’s decision. However, if you are lost and need an expert opinion, the 500pips customer support team will be happy to assist you in better understanding their offers. The team will help you with setting up an account that will suit you and your needs only.
You can contact the support team via Live Chat, e-mail, or telephone. You will see the information you need on their website or in our review way below.
Keep in mind that this account was created solely for traders’ benefit. Each of six accounts is packed with tools that fit all types of trading needs and expertise levels. 500pips worked really hard to make sure every single trader gets exactly what he or she needs.
500pips.com Review: Customer Support
While featuring around-the-clock live support and delivering world-class solutions to clients, we constantly monitor your trading funds and protect them in segregated accounts.
In addition, if you have any questions or require technical support or guidance concerning your account management. In fact, feel free to contact the 500pips customer support team at any given time.
Moreover, you can easily contact the 500pips.com customer support team by phone. Lines are open from 9 am to 7:00 pm Luxembourg time. Luxembourg+35220204283
The broker offers a dedicated live chat option. Clients will be able to instantly chat directly to the broker’s customer support team via the chat function.
500pips Review Conclusion
Overall, we think that as a young brokerage, 500pips has a lot to offer. The broker is quite impressive and lives up to expectations. If you decide to trade with this brokerage, we doubt it will be regrettable as, from what we have seen, the company strives for excellence and offers only top-notch services to its clientele.
Risk Disclosure. CFDs have become very popular amongst modern traders and investors. No wonder, as CFDs offer exceptional features and enjoy benefits. However, trading CFDs carries a considerable risk of capital loss. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Up to 80% of retail investor accounts lose money when trading CFDs.
Think twice before trading CFDs or forex. It may not be suitable for you, so make sure you understand all the risks.
Remember, always research on your own. Make sure you make the right decision. Good luck with your trading!