500Pips Review
500Pips
Details
| Broker | 500Pips |
|---|---|
| Website URL | https://www.500Pips.net |
| Headquarters | N/A |
| Support Number | 35220204283 |
| Support Types | Phone , Email , Chat |
| Languages | English |
| Trading Platform | Web-based platform |
| Minimum Account Size | $250 |
| Leverage | up to 1:400 |
| Spread | Variable |
| Free Demo Account |  |
| Account Types | Basic , Bronze , Silver , Gold , Platinum , Black |
| Deposit Methods | Credit/Debit card , Bank wire , Skrill , Neteller |
| Withdrawal Methods | Credit/Debit card , Bank wire , Skrill , Neteller |
| Number of Assets | 1,000+ |
| Types of Assets | Forex, Stocks Indices, Commodities, and Cryptocurrencies |
| US Traders Allowed | |
| Overall Score | 94 |
Details
500Pips.net is an online CFD broker Owned by Pepper group LLC, that provides traders with access to over 1,000 trading instruments, from stocks, indices, commodities, forex, and cryptocurrencies. According to the information available on the company’s official website, 500Pips aims to provide a solid, user-friendly, innovative, and efficient offering to its clients, with hopes of building a mutually beneficial relationship.
Trading Platform
500Pips offers a web-based platform that it has designed, that lets traders gain access to the financial markets from any type of device with an up-to-date internet browser. Some of the most important features of this platform include social trading, price alerts, one-click trading, TradingView charts, popularity bar and reports. This platform supports multiple time frames, charts and some of the most popular drawing tools and price indicators.
Account Tiers
500Pips offers the following account Tiers: Basic, Bronze, Silver, Gold, Platinum, and Black. The basic account requires an initial deposit as low as $250 in order to start trading and provides traders with access to a series of basic trading features such as free access to the daily market brief, the trading academy, and a dedicated account manager.
The higher the account type and deposit, the better the Features become. Clients looking for better trading conditions can gain access to exclusive updates, VIP webinars and VIP seminars, a senior account manager, analysis tutorials, and giveaways.
Trading Instruments
With 500Pips traders can trade on over 1,000 different assets like stocks, commodities, indices, forex, and cryptocurrencies in the global financial markets. 1:400 is the maximum leverage for forex, but for cryptocurrencies it goes down to 1:5. Spreads can either be fixed or floating depending on the type of asset class, but all contracts allow overnight swaps which come with additional trading costs. Clients can choose to spread their risk by diversifying their holdings across many markets and instruments.
Education Center
500Pips recognizes financial education as a core value, and as such, the company offers its registered clients free educational tools and materials, according to their account tier.
Additional features include webinars and seminars, access to a trading account, one-on-one tutorials, and daily market briefs.
Customer Support
500Pips provides multilingual support services for clients from around the world. Clients wishing to get in touch with a representative can do so directly. Clients may also reach out to the company via email or live chat.
Summary
As a CFD broker, 500Pips provides traders with access to various contracts based on Stocks, commodities, indices, forex, and cryptocurrencies. Its offering is bolstered via its state-of-the-art trading platforms that come equipped with a comprehensive feature set. We are confident that the more you research this company’s offerings, the more you will be convinced that they are the kind of broker that you wish to work with.
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