About 500 Markets
500 Markets has billion in forex trades every month and is an international provider with thousands of affiliate accounts. This is licensed and regulated by the international regulators’ board. Clients and traders can access an array of services, extra knowledge base as well as community forums direct on the trading platform.
500 Markets Trading Platform
The 500 Markets site defaults to the English language, but international clients/traders can choose to utilize the site in an array of different languages to meet preferences. It only takes a few seconds to create an account on this platform, so you can up and trade almost immediately.
There’s not a lot of disparity between the layouts of the site, even if it can be noted right away that the site doesn’t provide a wealth management option. The web-based platform is easy to navigate; if you are new to forex trading, you can access its trading academy on the main site. If you open a practice or demo account with this broker, you have to speak direct to an advisor for a demo trading fund to be added.
Traders can trade forex or CFDs with 500 Markets, and the trading procedure is concise and clear. The site provides MT4 trading, and there’s complete training offered, or choose to trade using the web-trader platform when needed.
As you browse the site, you will see that they provide regular trader webinars, video courses, and many educational tools and resources geared to both newbie and skilled traders. On-website quizzes are an additional feature; these are good for trying your knowledge in trading and confirming you are ready to begin live trading.
Research
500 Markets provides a good array of research tools and materials, including daily market analysis, special reports, webinars, and weekly outlook.
They have a team of in-house market analysts offering daily coverage of the forex market in both video and written formats. Moreover, in-depth reports and weekly outlooks provide insights into the forex markets.
Commission and Spread
Forex indices and pairs are listed by spread on a financial marketplace. The spread pertains to the disparity between the asking value and the bid values. Different assets have varying spread prices that are examined by pip values.
You will not pay trading commissions or charges on most trades with 500 Markets; rather, the trading charges are charged within spreads. Spreads change all through the day, which is reliant on the conditions and volatility of the forex market.
Small commissions are charged for stock trades and if you roll a trade the following day. Different types of accounts provide differing average spreads.
Is Mobile App Available?
This broker provides a downloadable mobile app designed for IOS and Android devices. Also, you can access the web trader without the need to download it by just logging into the site via Google or Facebook accounts. Also, you can trade with ease from your device, and all types of assets are covered by the broker mobile platform.
What are the Payment Methods Offered?
If you create an account with this broker, you can choose to trade currency. The platform provides an array of ways to withdraw or deposit cash, which include transfers, debit, or credit cards.
There is no limit on the number of funds you can deposit or withdraw, even if a fee will be applied to bank transfers.
Does 500 Markets Offers Demo Account?
Traders can know more about this broker/platform with the help of a demo account but will have to speak straight to the adviser to set off the forex account.
What are deals and promotions offers?
500 Markets doesn’t provide promotions or deals on their website, but traders can gain from trading alerts as well as their education. Free seminars are useful for traders who want to expand their knowledge in forex trading.
Overall Verdict
The 500 Markets platforms provide a wide array of commodities and equities for traders, both newbies and skilled. This platform is user-friendly, and the free trader seminars are an extremely valuable feature for traders wanting to know more about trading.
Disclaimer: This is sponsored marketing content.
