Trader500.com-Some Important Details about This Broker

WikiFX | 2022-12-23 16:35

摘要：Registered in the United Kingdom, Trader500.com is a forex broker providing access to a vast range of investment portfolios. With the Trader500.com platform, three trading accounts are available, Bronze, Silver and Platinum. Besides, MT4 trading platform is also available. However, when it comes to regulatory information, Trader500.com disappoints us as it is not authorized or regulated by any regulatory authority. Here we can see that WikiFX has given this broker a low score of 1.11/10.

Basic	Information
Registered Countries	United Kingdom
Regulation	No License
Minimum Deposit	$1000
Maximum Leverage	N/A
Minimum Spread	From 1.9 pips
Trading Platform	Web, MT4, Mobile, Tablet
Trading Assets	Forex, Commodities, Bonds, Stocks, Indices, CFD
Payment Methods	N/A
Customer Support	24/7 customer support, Email & Phone Support

General Information

Registered in the United Kingdom, Trader500.com is a forex broker providing access to a vast range of investment portfolios. With the Trader500.com platform, three trading accounts are available, Bronze, Silver and Platinum. Besides, MT4 trading platform is also available.

However, when it comes to regulatory information, Trader500.com disappoints us as it is not authorized or regulated by any regulatory authority. Here we can see that WikiFX has given this broker a low score of 1.11/10.

Market Instruments

Trader500.com provides a wide range of trading assets, and traders are given the access to a large financial market, including Commodities, Forex, Bonds, Stocks, Indices, CFD.

Account Types

On the Trader500.com platform, Bronze, Silver and Platinum accounts are the available options for traders. The account type is determined by your initial deposit, $1000 for Bronze accounts, $10,000 for Silver accounts, $25,000 for Platinum account.

Demo Accounts Available

Aside from the live trading accounts, demo accounts are also available for newcomers to test trading environment and practice their trading strategies.

Spreads & Commissions

Trading accounts set spreads. Trader500.com offers a zero-commission trading environment, accompanied by wide spreads, from 2.3 pips on the Bronze account, from 2.1 pips on the Silver account, from 1.9 pips on the Platinum account.

Trading Platform

The MT4 trading platform, widely regarded as the best in the business, is available through Trader500.com, which can be accessed on Windows, MacOS, IOS, Android.

Customer Support

Although Trader500.com boasts that it provides 7/24 customer support, we could not find any online chat button on its website. Only an email is left to provide assistance.

support@trader500.com

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros	Cons
Wide selection of trading assets	No regulation
MT4 supported	High minimum deposits from $1000
Demo Accounts Available	No clear info about leverage
	No online chat support, payment methods
	High spreads
	Poor customer service