Who doesn’t want to achieve financial independence? It is a goal shared by many, but there was a time when it wasn’t easy to achieve. Fortunately, technological progress and advancement have opened a lot of doors and one of these is that of online trading. The financial markets have always been known to be profitable and there are countless opportunities that can be used for earning high returns. You just have to find a good and dependable broker to begin and this Group-500 review can help you in this regard. If you believe you can just pick any platform and get started, you are mistaken.
Scammers and other cybercriminals are very active in this space because there is a lot of room for exploitation and you can end up in one of their traps if you are not careful. Of course, your goal is to have a smooth and solid trading experience and that can only happen if the broker you choose is a reliable one. How do you find that out? This is where you need to evaluate them step-by-step in order to ensure that all their offerings are up to the mark. Established in 2021, Group-500 is based in Switzerland and has become a prominent name due to its sophisticated and modern offerings.
However, this doesn’t mean that you can directly sign up without looking into their offerings and verifying them. You need to evaluate them step-by-step and this review can help you in doing so:
Step 1: Check the registration requirements
The first thing to do is take a look at the registration requirements of the brokerage to know how you will be able to sign up and if there are any prerequisites. The registration process of Group-500 is very straightforward and doesn’t take you more than a couple of minutes. You only have to provide your first and last name, email address, address, city, phone number and country, along with a password. They ask you to choose an account currency from GBP, EUR and USD and then agree to their Terms & Conditions. As soon as you are done with this, you will be registered right away.
Step 2: Explore the account options
Of course, after registration is complete, the next step would be to open an account and this means checking out what account options Group-500 has added for its clients. You will find a total of five choices, which are Silver, Gold, Platinum, Signature, and VIP. You can sign up for any of these accounts, except for the last one, which is only available on the invitation. The minimum deposit starts at $10,000 for the Silver account and increases to $25,000, $50,000 and $250,000, respectively.
Some features like 24/5 customer support, trading news, one-on-one basic training, and a trading dashboard are available in every account. But, there are some features that Group-500 has added to specific accounts, such as trading algorithm, the credit line for premium trading events, no withdrawal fee or swap commission, insured contracts, private banking, and priority for hedging strategies.
Step 3: Go over payment methods
As stated above, there are minimum deposit requirements to be fulfilled in order to open an account and you will also want to withdraw your money at some point. To be able to do both, you need to know what payment methods Group-500 has added for this purpose. There is a combination of modern and traditional payment options available, which include debit and credit cards like VISA and MasterCard, and bank wire transfers. These can be used for both deposits and withdrawals, depending on your preference. Withdrawals can take anywhere between 7 and 10 business days and no charges are applicable for Platinum account users and above.
Step 4: Asset the instruments
Now that your account is ready, it is time for you to look at the instruments you will be able to trade. This is crucial because it will determine how much profits you can expect to make. There are more than 100 instruments added by Group-500 that belong to six different asset classes. You will be able to trade in the biggest financial markets of the world and get access to the leading instruments they have. This allows you to diversify your investment portfolio and enjoy substantial returns while minimizing your risks. You can trade in the stock and forex market, or you can balance your risks by investing in various commodities. Likewise, there are digital currencies that can also be found here and can be a great addition to your portfolio.
Step 5: Try the trading platform
One of the most important features that you need from a broker is their trading platform and this should be up to the mark to deliver a good trading experience for you. You will find that Group-500 has added an online Web trader for you, which you access through the browser and don’t have to download it anywhere. This is definitely an advantage because you can use it on any device available to you at any given time and don’t have to be restricted to one.
They have used cutting-edge technology to deliver quick trade execution and one-click trading features. Moreover, some advanced tools have also been added by Group-500 to help you make the most of the trading opportunities that are available. These include a ton of charts, graphs, trading indicators, signals, price alerts, and an economic calendar. As for the user interface, they have kept it simple in order to allow every trader to be able to use it without worrying about a learning curve.
You can also find 24/5 customer support available through a number of channels on the Group-500 platform and they also have an FAQ section for answering questions. The security elements of the broker are also worth nothing because they are quite robust and get the job done. Their trading conditions are competitive and allow you to make maximum returns and you can also find plenty of educational resources for polishing your knowledge.