500 Markets is a well-established broker to provide remarkable CFD and forex trading services to clients from all over the world. This is also heavily regulated. They also hold licenses with different regulatory bodies worldwide.
Aside from many currency pairs, 500 Markets also provides some trading instruments you want to trade on, such as foreign exchange, gold, silver, cryptocurrencies, and CFD, for your best choice. Somehow, bear in mind that different instrument has varying trading conditions. In this case, you must ensure that the strategy is suited or perfect for your chosen trading instrument.
500 Markets Pros and Cons
Having the choice to trade at high leverage on this trading platform is the main perk of 500 Markets and joining or creating an account is only one minute. The massive array of tradable options is also this broker’s amazing feature. In general, this is an excellent broker with fast customer service, regulated and safe to use.
Despite the many benefits, it also comes with some flaws, like you have to create an account before using the demo account as well as the training services offered on this platform. Another drawback is that it is not available in some countries. So, make sure to visit first the official website before downloading the app.
Once you have opened your 500 Markets account, you can see all the different trading hours for different assets in the market section of this broker or trading platform.
Contact Details and Customer Support
The 500 Markets customer support can be accessed in many ways, including live, and email through its contact form. Phone numbers in an array of countries can be seen on the official website for those who choose to call about any problems or queries.
Safety and Security
Security and safety of the traders and clients, as well as the prevention of scams or fraud, are at the top of the list of 500 Markets. All new traders have to send proof of identity to access this platform. Accounts are secured and protected by password, and this broker assures all customer information is encrypted and kept confidential. No one can access client information but the owner itself.
Payment Methods Offered
The minimum amount of deposit is reliant on the chosen method. Every deposit is processed immediately, besides bank transfers that can take about 4 to 7 business days before it comes. For every regulatory requirement, the name on the trading and deposit account should be the same. Every withdrawal method is available, providing processing internally in 24 hours.
There is a good array of payment modes at 500 Markets from conventional bank wires, debit cards or credit cards, Mastercard, visa, and maestro to support payment processors.
To Sum Up
Finally, the 500 Markets platform provides a wide array of commodities to trade. This is user-friendly, and the educational resources are superb and beneficial for first-time traders. They also provide regular trader seminar that plays a vital role in the success of the trader.
The web-based platform also provides a valuable charting function for trading, in line or candlestick format, and traders can choose to add in their preferred indications from a broad available selection on the website. Forex traders will find this platform exceptional as well, as it provides many advanced features for decision-making and technical analysis.
Is 500 Markets legit?
500 Markets is a reliable brokerage firm providing trading services for clients and traders for many years, with offices in different countries.
Is 500 Markets regulated?
Yes. This broker is regulated. A regulated financial company equals a more accountable trading platform. You can also look forward to a more guaranteed safety of investments as some regulatory structures in the financial sphere needs a compensation scheme in the event of unprecedented incidents, which leads to financial loss.
Is 500 Markets a Good Broker?
A reliable broker comprises a good service for clients when it comes to many criteria like trading instruments, withdrawals and deposits, and customer support. You can choose for yourself if this broker is good or not by assessing the criteria. As a whole, this broker offers trading services in gold and silver, forex, CFD, oil and stocks, and even cryptocurrencies.
Disclaimer: This is sponsored marketing content.