500pips is a brokerage, created in 2018 aiming to provide professional trading services for people wanting access to global financial markets. With technological expertise and a team of professionals, the brand is now a place where lightning-fast execution, raw spreads, and low commissions are available.
Due to the high-quality services it is offering, 500pips benefits from positive online feedback. Many trading-oriented websites had been reviewing the brand’s conditions and it seems like diversity is one of the key features.
Offering of Financial Instruments
The 500pips assets are well-diversified, including FX, stocks, indices, commodities, and cryptocurrencies. Thanks to over 1,000 CFDs, customers will be able to find the right picks, based on their trading strategy, geographical location, or trading goals. It is possible to use up to 1:200 leverage on FX pairs and build a portfolio in line with the latest market dynamics.
Opportunities arise sometimes in assets that few expect. That is why 500pips has a generous asset coverage. Each trader can search through the list via the platform and find the right instruments fast.
500pips Trading Account Types
Regardless of trading needs, there is a 500pips account type for any trader. The same diversity can be found here, given the offer includes:
- Basic account
- Bronze account
- Silver account
- Gold account
- Platinum account
- Black account
One of the main benefits when opening an account at 500pips.net is the abundance of educational resources. Traders can take advantage of an education center, Pro webinars, daily analysis videos and other resources provided regularly, with the sole goal of helping them understand how markets work.
500pips Commissions and Fees
As with any other provider of trading services, the main trading costs customers will need to take into account are spreads and swaps. In the case of 500pips, Basic and Bronze accounts have access to standard spreads, while Silver, Gold, and Platinum benefit from discounts.
Fees can be associated with financial transactions (deposits/withdrawals), depending on the method chosen by each customer. 500pips accepts payments via credit/debit cards, wire transfers, Neteller, and Skrill, trusted and affordable solutions used by many other leading brands.
500pips Platforms and Tools
To ensure a customized trading experience, the broker offers a personalized proprietary platform, promising performance and convenience. Some traders come to the market with no prior trading background and in this case, they will need special assistance. A platform with an easy interface is the right choice and that’s the case with the 500pips platform.
Fast trade execution, customized charts and live data, and compatibility with multiple devices is what makes the platform competitive and aligned with the latest market requirements. Dealing with high volatility is difficult when trades are not executed fast and accurately. 500pips has put a lot of effort into developing this platform and thus far, it pays high dividends.
Pros
- 500pips covers over 1,000 tradable assets
- The platform offers a ground-breaking trading experience
- Access to a professional educational center
Cons
- USA residents can’t open trading accounts at 500pips
- Customer support not available during the weekend
- 500pips does not cover ETFs and bonds
Should I Trade with 500pips?
500pips turns out to be a suitable choice for traders, wanting to gain access to a diversified trading infrastructure, one that’s friendly with both professionals and beginners. This is a brand to trust, given it shows a great deal of transparency and continues to make upgrades when it is necessary. Other online review-oriented websites had already talked about 500pips and their impression is positive.