Four months ago I’ve opened a trading account with 500investments.com and given that I’ve managed to understand a lot about the company during this time, I think it will be appropriate from my side to talk about my experiences and other details that might be relevant for other people. In this article, I’ll be sharing my opinion about the company, what I like and what I don’t like and hopefully, at the end of it, you will have an image on that the broker can offer.
Briefings about 500investments
500investments.com is a trading name operated by Cabsy Holdings Ltd, currently offering financial services for a wide range of investment products, including FX, stocks, indices, commodities, and cryptocurrencies. The company uses the same level of encryption technology as international banks and major online retailers do in order to protect your security and privacy all the time. I must admit this had been one of the main reasons why I chose to give it a try. Now let’s jump into my trading experience.
My trading experience
In the beginning, I opened a basic account, since I wanted to see the live trading experience and what kind of services is 500investments.com providing. The process took less than a few minutes and in about two days I got all my documents verified. I appreciate that the company offers dedicated account managers even for basic account holders.
During the process, I had someone assisting me each time I had an inquiry. There is also access to a free trading academy and plenty of other educational resources that could be useful for people wanting to learn more about trading. Price alerts and shares trading are also some of the features.
One of the main downsides, though, is that you have to deposit a lot more money in order to get access to all of their features. In order to upgrade to a silver account, I had to deposit $5,000, which is a considerable amount, if we analyze what other brokers are offering. Not to mention that in order to open a diamond account you have to deposit a staggering $100,000. You can trade effectively even with a basic account, so there’s no need to panic.
Their platforms work well, both the web-based and the TraderSoft mobile app. I’ve used them both and so far there is no major inconvenience. Spreads are mostly in line with what other brokers offer, with some subtle differences here and there.
But, with 500investments.com you get to trade tens of different cryptocurrency-related contracts, a feature seen with only a few other brokers. The fact that they have focused on integrating cryptocurrencies is a big advantage.
In case you don’t know how to trade, 500investments.com has plenty of educational material available. Webinars, seminars, daily market briefs, video analysis, eBooks, and many others will help you learn the basics of trading. You have to open a real account in order to get access to all of them.
Given that I’ve been trading with 500investments.com for a few months, there’s no reason to believe that the company does not provide what it promises. I’ll keep this article updated and in case anything else will be worth mentioning, I’ll make some adjustments.