Finding a reliable broker has become a daunting task for anyone who wishes to trade online these days. It is not because of the lack of options, but due to the excessive number of choices that you can find. Every other day, a new company pops up and claims to offer you the best trading services and this can overwhelm anyone. It is imperative that you don’t just find a legitimate and professional platform, but one that’s just the right fit for you. This means it should be able to fulfill your needs and priorities for you to be able to have a smooth trading experience. This Group-500 review will help you decide if this company can be the one.
It is one of the options you will come across when you are conducting your search and its sophisticated and well-designed is extremely appealing. Catering to global traders, Group-500 is a high-end broker that was established in Switzerland quite recently. Even though it doesn’t have a lot of experience under its belt, unlike the other companies, it has become quite popular because of its comprehensive offerings. But, you need to look at these closely to know whether it is the right fit for you or not. Want to find out? Read this Group-500 review to do so:
Group-500: The Security and Privacy
One of the first concerns that people have when trading online is about their security and privacy. You are exposed on the internet and you don’t want your money or your information to end up with cybercriminals. To ensure it doesn’t happen, you need a broker that attends to both these elements and you will find that Group-500 appears to be doing a solid job in this regard. They are AML (Anti-Money Laundering) and KYC (Know-Your-Customer) compliant, which can reduce the possibility of financial fraud, money laundering and identity theft.
Group-500: The Trading Opportunities
It is also important to know what kind of trading opportunities are offered to you by a broker before you can decide they are right for you. Not all of them offer access to the same markets and instruments and since it affects your profits, you should definitely take a look. You will find that more than 100 instruments can be traded via Group-500 that are divided across 6 asset classes. These are some of the top options from every market that can help traders in diversifying their portfolio easily.
You can try your luck in the stock market and invest in some of the top companies in the world like Tesla, Google, Apple, Alibaba, Netflix and Amazon. You will also be able to try your luck in the world’s biggest financial market i.e. the forex market, as Group-500 has added some of the most profitable currency pairs. It is not just traditional currencies that are available on this platform though, as digital currencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple can also be found.
You can enjoy further diversification through the commodities that Group-500 has added, such as energies including natural gas and crude oil, and metals like gold, silver and platinum. The CFDs allow you to enjoy a variety of assets, thereby maximizing your profits.
Group-500: The Registration
Registering is an important step that you have to complete in order to use any online service and the same is true for brokers. It is best to know the procedure and requirements you will have to deal with, so you can speed it up. The good thing about Group-500 is that their registration is not overly complicated and neither is it time consuming, a problem that has been reported in some of the other online platforms that exist. As a matter of fact, registration doesn’t take more than five minutes here.
There is only one form to be completed and you can access it on the Group-500 website by clicking on the Sign Up button. The first asks for your first and last name, a password to be used for account access and gives you three currency options i.e. EUR, USD and GBP. You have to share your address, city, state and country and phone number, along with the email address. The last step is to agree with their Terms & Conditions and you are good to go.
Group-500: The Accounts
After registration is over, you need to choose the account you wish to open. As Group-500 is facilitating all types of traders, they have come up with five account choices to help them find one that suits their needs. Every trader has different preferences and these have been considered in developing the account options. The choices are Silver, Gold, Platinum, Signature and VIP. The last account is available by invitation only and it is for VIP traders who meet a certain criteria.
As for the other accounts, you can open any one, depending on how much money you are willing to deposit and the features you want to access. The minimum deposits at Group-500 start at $10,000 for the Silver account and go as high as $1,000,000 for the VIP. The accounts have been equipped with various features that can be handy for traders, such as access to educational resources, trading news, trading signals, and a credit line for premium events, account manager, sessions with a market analyst and trading algorithm, amongst others.
In addition to these offerings, you will find that Group-500 also offers 24/5 customer support via different channels. They have developed a powerful and easy-to-use trading platform for their clients and have also offered the most competitive trading conditions in the market to ensure that every trader can have a good experience with them.