With online trading the most prominent trend in the last few decades, it is not surprising that many are jumping on the bandwagon. You need a broker to get started and this is where the challenge lies because even though there is a horde of options, not all are the same. You need to figure out why you should consider one platform and ignore the rest. This also applies in the case of Group-500, a high-end broker that was set up in 2021 and is quickly climbing up the ranks. This Group-500 review is aimed at highlighting exactly why it needs to be considered.
As mentioned above, Group-500 is a relatively new broker when you compare it with the rest in the market. It is operating from Switzerland and they have provided an address on their website, if you wish to do a follow up.
You should check what assets you can trade through a broker before you sign up and this holds true in this case as well. It is certainly appealing to find out that Group-500 is offering more than 6 asset classes to choose from and a 100 trading instruments. This gives traders a lot of room for diversification, which means you will have no trouble in minimizing your risks and maximizing your returns.
You can expect to trade forex currency pairs, such as EUR/USD, GBP/USD, USD/JPY and AUD/NZD. There are stocks of companies like Google, Apple, Amazon and Microsoft and you can trade metals, such as gold, silver, platinum and palladium. They also have other commodities available, which include energies like crude oil and natural gas. Most importantly, cryptocurrencies have also bene added by Group-500 because they are in great demand. You will have a substantial number of CFDs to choose from in order to maximize your returns.
The feature of a broker you engage with the most is their trading platform, so it needs to be taken into consideration. You will discover that Group-500 offers their own trading platform to traders, which is a web-based one. Their Online Web Trader may seem simple on the surface, but it will not take you long to figure out that they have used state-of-the-art technology that enables it to offer one-click order execution. The best thing about this kind of platform is that it eliminates the need of downloading and installation, as it is accessed via the browser.
No compromises have been made in terms of features or tools by Group-500 and the trading platform has been equipped with the best possible options out there. You will find an economic calendar that helps keep track of important events, advanced charting tools and graphs, a ton of technical indicators, the latest financial market news and plenty of trading signals. It is a multi-asset trading platform, so you can trade a variety of assets with ease. Plus, you can use it on any device available to you, whether it is desktop or a mobile device, allowing you to trade from anywhere.
Opening a trading account is part of the process of using a broker’s services, but the choices tend to vary from platform to platform. There are five account options that have been formulated by Group-500 because they are offering their services to traders of different levels. These choices include Silver, Gold, Platinum, Signature and VIP. Every trader, from beginner to experienced ones, can find a trading account option that suits their needs.
The minimum deposits required for each account are $10,000, $25,000, $50,000, $250,000 and $1,000,000, respectively. Some features are common across all accounts, such as 24/5 customer support, one-on-one basic training, unlimited 365 trading dashboard, trading news and access to the education center. However, there are certain features that Group-500 has limited to some accounts, such as credit line for premium events, private banking, personal sessions with a market analyst, trading algorithm, insured contracts and no withdrawal fees or commissions.
One of the best things about Group-500 is that it provides its clients with access to an education center where they can find resources for polishing their knowledge and understanding of the financial markets. This can play a significant role in improving your skills because you will be able to understand the ins and outs and make better decisions. They provided plenty of curated content in the form of articles, books and news. They also have webinars that are conducted by experts and can provide plenty of guidance. Most importantly, there are also one-on-one trading sessions with experts that can help you get answers to the hundreds of questions you may have about trading in general.
If there is one aspect of any business that can make or break it, it is the customer support. If customers are unsatisfied, it doesn’t bode well for the company’s future and this is something every broker should remember. The problem is that many forget this very important fact and traders are the ones that end up suffering and paying the price. The good thing about Group-500 is that it hasn’t taken this aspect lightly.
They know what role customer support can play, especially in online trading where timely help and guidance is required. Therefore, a number of channels have been added by Group-500 that can be used by their clients for reaching out to their team. They have provided an email address that you can use for sending in your queries and there are also phone numbers available. If you want, you can also fill out the online contact form on their website and schedule a callback. The agents are available 24/5 and will give you a prompt response to put you at ease.
You will also discover that the registration process at Group-500 is very straightforward and they offer top-notch security for your funds and your private information. The trading conditions are also very appealing and can help you make solid returns, which makes these some great reasons to consider opting for this broker over the rest.