Group500 Review – Is Group500 Scam or Legit? (Group500 is an HONEST Broker!)

Group500

9.2

Trading Platform

9.0/10

Education

9.5/10

Asset Index

9.7/10

Account Management

8.5/10

Customer Support

9.4/10

Group500 Review

Are you thinking about venturing into the financial markets? The world of trading is a diverse one that gives you a great deal of flexibility and opportunities to explore. It gives you the chance to make significant returns in a fraction of the time it would take to earn the same through other means, plus you are in control of your schedule and investments. With online trading, everything has become easier and accessible, so why not make the most of it? Technology and the internet has simplified everything, and you don’t even have to contend with the usual requirements that are associated with other careers.

You have the freedom to decide how much you want to trade, what you want to trade and when you want to stop. In recent times, the online trading world has attracted a lot of attention due to the freedom and ease it offers. If you decide to take advantage of these opportunities, there are some decisions that you do have make. The most crucial one of these is to choose a broker to start online trading with. This is an important step because they provide you with the platform and other features and functionalities that are an essential part of trading.

A misstep here can have long-term consequences on the success of your trading career and this is not something you want to compromise on. Subsequently, it is of the utmost importance that you figure out the features of a brokerage before you decide to use their services. There are a horde of options that you will come across when you start your hunt and this number is constantly increasing. This will obviously result in a lot of confusion, as a lot of them look similar. This is where you have to check the features thoroughly in order to make the right choice.

https://group-500.com/

One of the choices that you will find is Group500, a broker based in Zurich, Switzerland. They have a few years of experience in the trading world and offer CFD (Contract for Difference) trading, allowing their clients to access a variety of assets through their platform. But, are their features good enough for trading? Let’s find out:

Group500
Pros Cons
Intuitive trading platform Deposits and withdrawals require much paper work
Live support 24/5 Does not support clients from many countries
Videos, tutorials, e-books High minimum deposit
Bring a Friend program
  • Assets to trade on Group500

When you know that you need to focus on the features of a broker, the first one that deserves your attention is their asset index. After all, this will determine what kind of portfolio you can build, thereby impacting the returns you can make. Group500 has proven to be quite impressive in this regard because they have put together a combination of different assets. You can trade a total of 450 instruments that are split into various categories. Some of the choices you can try are:

Stocks: Trading stocks is one of the oldest forms of trading and it can generate substantial returns. You will be able to trade shares of some of the leading global companies, such as Google, Apple and Intel. They offer excellent leverage and spreads to help you maximize your returns.

Forex: One of the world’s largest financial markets based on its trading volume, the forex market has a ton of opportunities in the form of major, minor and exotic currency pairs. These pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF and AUD/USD.

Futures: A category that is highly appealing to traders, futures that you will be able to trade through this platform include metals, bonds, currency pairs and more.

Indices: You can make bets on the big picture by opting for indices and you can find some of the top world indexes on Group500, which include FTSE 100, Dow Jones, Nasdaq and the S&P 500, to name a few.

Commodities: If you are in the mood for safe and consistent returns, commodities are the way to go. You can go for precious metals like gold and silver, or trade agricultural products like wheat, rice and corn. There are natural energies like oil and gas that can also be traded.

With these options, you will be able to diversify your trading portfolio, which helps in minimizing your risks and maximizing your profits.

  • Trading accounts to explore on Group500

To be able to trade with any broker, you are first asked to open an account with them. Every trader is assigned an individual account, as per their choice because it keeps record of their trading activities, personal information and their funds. Since Group500 offers its services to traders from all backgrounds and skill levels, it is understandable that it offers a wide array of account options to accommodate them. They have added a total of five choices that you will find on their platform and these are:

Silver: Developed primarily for newcomers in the trading market, the Silver account requires a deposit of €10,000. Under this account, traders are given basic and simple features, such as 24/6 customer support, a basic education center, a 365 trading dashboard, 2 signals every month from the VIP trading desk and one-on-one training. Trade sizes of 0.01 lots to 100 lots can be found here.

Gold: Traders who have some experience in the trading world will find the Gold account a good option. It requires a deposit of €25,000 and grants access to the complete education center. This account also comes with a personal account manager who can provide a lot of guidance. The VIP desk now gives 10 signals per month, along with limited trading signals and the trading size is also increased to 500 lots.

Platinum: To accommodate intermediate traders on its platform, Group500 has provided the Platinum account option that needs a deposit of €50,000. This account provides unlimited trading signals to its users and they can get access to a VIP account manager. The VIP desk now provides daily trading signals and a credit line is given for premium events. No fee or commissions are charged for withdrawal here and a trading algorithm is also included.

Signature: Advanced and seasoned traders will find this account right up their alley and it can be opened with a minimum deposit of €250,000. The leverage under this account goes as high as 1:300, which is the highest available up till now. Traders can enjoy private banking options and they can also get insured contracts of up to 70%. The account gives personal sessions with market analysts and membership to a Traders Group Club. Hedging strategies are also a priority in this account.

VIP: The fifth and last choice that traders will find at Group500 is the VIP account and it is for VIP and professional traders. This account has a minimum deposit requirement of €500,000, but this account is available on invitation only. To be eligible for this account option, traders have to fulfill certain requirements and you can find about them through your personal manager.

  • Trading solutions available on Group500

How will you trade? This is the ultimate question that every trader will have and the broker will play a very important role here. They are the ones who provide you with the trading platform, the software that’s needed for trade execution. It is one of the most vital features that traders will get and they want to have the best in order to be able to take advantage of all the opportunities in the market. Group500 aims to provide its clients with the best choices, and so, it has chosen to offer several trading solutions to help traders choose the one they are comfortable with. These solutions are:

MetaTrader 4: If you run a search on trading platforms in the market, you will quickly discover that the top option is none other than MetaTrader 4 and this is exactly what Group500 is offering. The MT4 is the best trading platform that can be found in the market these days, as it is powered by state-of-the-art technology and integrated with some of the most advanced features and tools. It is easy to navigate, offers one-click trading and has an intuitive interface that can deliver a smooth trading experience. You can download it quickly on your selected device and it will also send you phone notifications.

WebTrader: The Group500 Online Trader is a flexible trading solution that has been developed with simplicity in mind. You don’t need to download or install it anywhere because it is accessible via the browser, specifically through their website. Nonetheless, it is capable of providing a powerful trading experience, as it is also equipped with all the must-have features that are needed by traders. It comes with advanced charts, instant trade execution, automated trading and boasts slippage protection. You can access it on any device supporting a web browser, which gives you a great deal of flexibility.

Mobile Trading: Modern traders prefer modern solutions and keeping that in mind, Group500 has added mobile trading apps to its offerings. You can find these apps for Android and iOS ecosystems and they can be downloaded within minutes. This gives you the ability to use your trading accounts from anywhere and at any time, which means you can keep up with market changes and take advantage of any open opportunities. The apps are updated regularly and also come with necessary tools that can provide an optimal trading experience.

  • Security features at Group500

The online trading world offers a plethora of opportunities, but it doesn’t come without its risks. You have to share your personal information with a broker and deposit your money with them as well. Even if they are a legitimate company, their system is vulnerable to cybersecurity threats. There is a risk of identity theft and criminals can also walk away with your funds. Therefore, you want to choose a company that takes security seriously and minimizes the risks as much as possible. You will come to know that Group500 has proven to be quite proactive in this regard.

To protect the funds that are deposited with them, Group500 has chosen to follow the rules of account segregation. Hence, all client accounts are kept separate from the company’s own, which means your funds are only used for trading and nothing else. They keep your funds in cold storage to prevent any third-parties and unauthorized individuals from accessing them. In the event of the company’s bankruptcy, the funds are returned to clients. To protect the information you share with them, they have opted to use high standards of encryption.

All information that you share with them, whether it is your personal data or any other communication is encrypted straight away. Their systems are also backed up on a regular basis and they constantly update them to prevent any loopholes from being used to steal any confidential data. They constantly monitor accounts and the website to prevent anyone from gaining access illegally. To show their commitment to security, Group500 has opted to use the KYC (Know Your Customer) and AML (Anti-Money Laundering) policies on their website. These are international security policies that are designed to protect traders from identity theft, money laundering and other financial crimes.

To comply with these policies, traders are asked to provide some documents that verify their identity, residence and payment as well. They have to submit a form of government-issued ID, such as national ID card, driver’s license or your passport, which shouldn’t be expired. This is good for giving proof of identity; to provide proof of address, you have to submit a bank statement or utility bill that shouldn’t be more than three months old. Lastly, a copy of the debit or credit card that you want to use has to be provided. These documents are verified by Group500 and then your account will be fully active for you to be able to trade easily.

Final Thoughts

At Group500, you will also find robust customer support to assist you when needed, a horde of learning and educational materials that can provide you with the guidance you need and there are also a numerous payment methods you can use for your deposits and withdrawals, making trading easy and smooth.

Group500
Pros Cons
Intuitive trading platform Deposits and withdrawals require much paper work
Live support 24/5 Does not support clients from many countries
Videos, tutorials, e-books High minimum deposit
Bring a Friend program

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