The global financial service provider 500pips offers traders a wide array of investment products, including online trading and FX. This broker gives traders from around the world (exceptions being the US and Canada) the opportunity to invest in more than 1,000 tradeable instruments, including stocks, indices, commodities, currency pairs and cryptocurrencies. The broker provides a seamless service worldwide via its proprietary trading software.
Some additional features make 500pips a great choice. The broker offers a secure trading environment via mobile or desktop solutions, analysis tools, competitive spreads, ultra-fast execution and advanced graphs.
500pips is a brand that holds itself to the highest investment standards and provides exceptional customer service via its multilingual support staff. They are experienced and have an in-depth knowledge of the financial markets to provide solutions for clients.
Products and Trade Offers
The trading products offered by 500pips cover various markets. They include a wide array of global stocks, various currency pairs (majors, minors, exotics), all popular indices, precious metals, industrial/agricultural commodities and cryptocurrencies. For beginners and expert traders alike, 500pips provides a demo account so that a user can thoroughly understand how everything works without using any money.
500pips Account Types
Other than the demo account, 500pips offers traders five different account options: Basic, Bronze, Silver, Gold, Platinum and Black. Each account comes equipped with a custom set of features that depend on the amount deposited. 500pips includes 24/5 support, daily market briefs, industry-leading entry prices, free access to trading academy, up to 1:400 leverage and webinars/seminars.
500pips Minimum Deposit
The minimum deposit required to sign up for an account with 500pips is 250 in EUR/USD/GBP. Traders can make deposits and withdrawals via debit card, credit card, wire transfer, Neteller and Skrill. Fees might apply for deposits and withdrawals in some instances, according to the payment method used. The minimum amount for withdrawals is $100, and the company reserves the right to process all requests for up to seven business days.
- A user-friendly trading platform for both browser and mobile.
- Five different account options with many useful trading features.
- An offer covering stocks, commodities, indices, FX and crypto.
- Certain trading strategies such as “scalping” are not supported.
Commissions and Fee Charges
500pips guarantees that there are no hidden fees as a matter of strict policy. All of the information that traders want and need to know about financial operations and trading costs with 500pips is provided on the company website. Trading account holders with 500pips will benefit from 0% commission on a $1 million trading volume. Commissions for anything above the quota will apply based on the Asset Index page table that can be viewed on the company’s website.
What Others Say
500pips seems to also benefit from good customer reviews, a good indicator that this broker manages to deliver on its promises:
“I’ve been using 500pips as my broker for the past six months, and I’ve found their customer service agents to be professional and friendly. I was pleasantly surprised to learn they employ German speakers as well, so I don’t need to worry about dealing in trading terms in English.”
“500pips has a unique trading offer that can either be an asset or a liability, depending on your style of trading. I personally feel that the customisation aspect provided by 500pips is an aspect of trading that I never knew I needed before, and this is why I’m still a client of 500pips today.”
“500pips is an interesting platform that provides some good social trading features, decent coverage of trading instruments, and excellent customer support.”
As a global brand, 500pips has multilingual representatives staffing its customer service centre, and they are trained and experienced in providing 24/5 assistance via phone or email and a live chat feature. 500pips has managed to prove that it can provide quick and reliable customer support.
Platform Features and Tools
500pips really stands out with its offering of features due to its proprietary software. The Social Trading feature makes it to the top of the list. This tool allows regular traders to duplicate the moves made by professional traders and to observe how experts perform based on profit and loss. Furthermore, traders can place price alerts to be notified when prices hit certain levels.
Research and Learning Section
500pips cares about ensuring that its clients are adequately educated on trading, no matter what level of trading account is used. For this purpose, it has an education centre that is accessible to all account holders, where traders can freely access daily market briefs, trading videos, trading webinars and seminars, trading eBooks, analysis tools and materials, and many other valuable educational resources.
500pips is a broker that you won’t want to miss. It provides a fresh approach to online trading, offering a combined advantage of advanced trading features and high-level customer service. The broker’s offering is relevant for a wide array of traders, from beginners to professionals. The experience levels are separated based on offers of different trading account tiers, each with various features based on the trader’s level of knowledge and the value of the deposits made.