broker review
500Investments Review
General Information
500Investments is an international online trading brand, owned by Cabsy Holdings Ltd, offering cryptocurrency trading services, alongside more than 1,000 different assets. With a team of professionals and the latest trading technology, the broker wants to be one of the main choices for traders that want to get involved in the financial markets and diversify their holdings with cryptocurrencies.
The crypto offer stands out because there are tens of different instruments available. Traders can even focus solely on the crypto market and have broad exposure to various cryptocurrencies. To make sure that the services will be in line with the latest requirements, 500Investments has assembled a comprehensive offer, including a proprietary trading platform, multiple account types, competitive trading costs, and other benefits.
Services and Cryptocurrencies Supported
At 500Investments traders can benefit from a variety of trading services. When it comes to the cryptocurrencies supported, Bitcoin, Ether, Litecoin, and XRP are some of the large-cap tokens available. Traders can trade them against USD, EUR, JPY, or AUD. At the same time, they can benefit from USDT, BTC, ETH, or XMR pairs. But there are more cryptocurrencies available with 500Investments, including Dash, Bitcoin Cash, OMG, Ethereum Classic, and Stellar.
It is important to note that the services offered by the broker circle around the proprietary web-trading platform. Highly versatile, simple, fast, and responsive, the platform is the result of years of research and experience that resulted in an optimized trading solution, ideal to get involved in the cryptocurrency market. TradingView charts, Social Trading capabilities, asset alerts, and many other features make it suited for trading.
At the same time, 500investments mobile trading capabilities are ensured, because the platform can be used on any type of device, including smartphones or tablets, without losing performance. It does not require a lot of resources and can run smoothly at any point.
The 500Investments cryptocurrency trading services do not involve holding the underlying instruments. Instead, customers trade instruments based on crypto and can benefit from both rising and falling markets. Trading conditions can vary, depending on the account type chosen (Basic, Silver, Gold, Platinum, or Diamond).
Funding Methods and Trading Costs
To deposit into the 500Investments account, traders can use multiple methods. Keep in mind the methods will depend on the country of residence. However, all traders will be able to make deposits using credit/debit cards or bank wires. These are some of the most popular payment methods in the world and are convenient for everybody. The broker accepts fiat deposits in EUR, USD, or GBP.
The same methods will be used for withdrawals after the account verification will be completed. The minimum withdrawal for a bank wire is 100 USD/EUR/GBP, 50 USD/EUR/GBP for any other payment method, and the standard withdrawal fee is $30. 500Investments’ Finance Department processes and approves most withdrawal requests within 3-4 business days.
When it comes to the main trading costs, spreads, and overnight swaps are the most important. 500Investments also offers 0 commission for 1 million USD trading volume. There are no blockchain fees, or transfer fees associated, other than the withdrawal fee previously mentioned.
Customer Support
To keep a smooth communication with customers and anybody interested in its services, 500Investments had designed a comprehensive customer support service. You can contact a representative using the Support Form available on the website, the official support email address, or the mobile phone. For any technical issue or information about trading with 500Investments, a representative will always be there to assist you 24/6.
Geographical Restrictions
500investments is a global brokerage house, accepting clients from different parts of the world. However, citizens from the United States of America and other certain countries (that currently have international restrictions) are not able to open an account with the company. Read the full terms and conditions to find out more information.
Summary
There are multiple reasons to believe 500Investments is a trusted brokerage house. For traders wanting to focus on crypto instruments, this is one of the best places to be, considering the wide range of crypto assets available. 500Investments wants to be part of the growing crypto industry and because of that, it’s committed to constantly adjusting its trading offer, depending on the market changes.
Based on our analysis, the services provided are decent and no indication could be found pointing that 500Investments might be a scam. The broker shares all the information about its services and it is up to each trader to decide whether it is suited or not.
500Investments Review
Product Name: 500Investments
Product Description: 500Investments is an international online trading brand, owned by Cabsy Holdings Ltd, offering cryptocurrency trading services, alongside more than 1,000 different assets. With a team of professionals and the latest trading technology, the broker wants to be one of the main choices for traders that want to get involved in the financial markets and diversify their holdings with cryptocurrencies.
Brand: 500Investments
Offer price: 100$
Currency: USD / EUR / GBP
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Trading Platform
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Languages
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Spread
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Support
Summary
At the same time, 500investments mobile trading capabilities are ensured, because the platform can be used on any type of device, including smartphones or tablets, without losing performance. It does not require a lot of resources and can run smoothly at any point.
Pros
- Many cryptocurrency instruments available, with up to 1:5 leverage.
- Competitive trading costs on some of the most liquid crypto instruments.
- Simple yet fast trading platform, compatible with any type of device.
Cons
- Some countries are restricted from having access to the 500Investments services.
- Basic account holders don’t have access to the most competitive trading costs.
