What is Online Trading?

The world of online trading utilizes internet and computers to conduct electronic trading. The user can search for stocks listed on various exchanges, decide on the broker offering the best rates and purchase accordingly. As the world of online trading expanded, many clients prefer to stick to one broker offering a range of products instead of dealing with various online brokers. This saves time and money. Also, most online brokers offer preferential rates, services and facilities to long term clients.

 

 Who are 500 Markets?

An online trading platform, 500 Markets are relatively new in the world of online brokers. Tightly regulated by the Financial Conduct Authority and adhering to AML, KYC and CFT regulations, they are one of the best up and coming trading platforms.

 

Trading products offered by 500 Markets

Cryptocurrencies

500 Markets are up to date with new age trends. Therefore, their products include a range of Cryptocurrencies such as Bitcoin, Ripple XRP, Ethereum and others.

Traditional Products

Traditional market products are also available to access via 500 Markets. Stocks of all major blue chip companies, Stock indices such as S&P 500, DAX 40 and FTSE 100 and also commodities such as crude oil, gold and coffee.

 

Trading platform

500 Markets utilizes two different platforms for ease of user access.

Their WebTrader platform only requires a web browser to login from anywhere in the world. Real time synchronization allows you to make quick decisions for your valuable assets. Advanced trading tools offer ultimate control over your trades. Compatible with Chrome, Safari and FireFox browsers.

 

Their Mobile application offers all the benefits of online trading within your immediate reach. A plethora of dynamic interactive charts, analytical features, and technical indicators are accessible within the app. The only downside is that it takes up storage in your phone and drains battery time.

 

Are there risks with 500 markets?

The world of online trading is a risky one. Choosing the right broker is absolutely necessary.

Risk increases every time the investor leverages up their earnings and investments. Similarly, with 500 markets, you do have some risks to consider. First, they don’t come equipped with a STOPLOSS feature. This simply means that when your investment goes negative, the platform will not be able to stop it automatically. This has consequences in the sense that the investor needs to always be conscious of market trends and protect their portfolio themselves.

However, to slightly make things better, 500 Markets offer 24/7 customer support in technical areas. The client can consult an analyst to make a decision regarding a particular trade.

Every trading account comes with basic guidelines for trade. As you level up your investments from basic upwards to advanced, you receive access to Webinars and Analyst sessions. You can be well on your way to becoming a professional online trader with the help of 500 Markets.

 

Deposits and withdrawals

Funding your account is simple. 500 Markets accept Visa, MasterCard, Bitcoin, WebMoney, Skrill, Neteller, Sofort, Qiwi and even wire transfers. Similarly, transferring funds from your trading account back to your personal bank account is a simple process, your money comes to you via automated, instant withdrawals. So your funds are always within reach, and no pesky technicalities to navigate.

 

Related News

Fees and commissions

A varied fees and commission structure exists depending on the type of investor account.

 

500 Markets has built a fees and commission structure based in a way to encourage clients to seek leverage and grow earnings. As your earnings and deposits grow, your fees and commissions start going down. Finally, as their preferred investor, you wont be charged any commission or fee.

 

Support

500 Markets offer 24/7 client support via Email, Telephone and their WebChat service.

 

Should you choose 500 markets?

The short answer is yes. Weighing the pros and cons, we can safely assure you that 500 markets is a reasonable choice. They might be new entrants in the online trading sphere but are equally competitive compared to established platforms. The allowance for leverage makes it easier to grow your portfolio and earnings.

However, fees and commissions may be higher for smaller investors which is a major downside.

Overall, they are a trustworthy platform for your savings and investments.