Group500
  • Assessment
4.3

Summary

The Forex College has made an assessment of Group500 for you today and we have concluded in our Group500 review that it is indeed a recommended broker. You can understand why in this review. You can sign up with trading platform in the link below or continue reading to learn all you need to know.

Group 500 Review

Group500 Who hasn’t heard of the forex market, or the stock market? Even if you don’t belong to the world of finance, you have probably heard about these markets at some point. There have been many stories circulating about them, including the ability of people making high returns from them. With the introduction of online trading, more and more people have been able to explore the opportunities and achieve their goals. You don’t need to have a huge amount of money, or extensive knowledge and experience to begin. But, you do need a broker and a capable one at that. This Group 500 review can help you in making the right choice.

There is no denying that you have to use the services of a broker to indulge in online trading, but this certainly doesn’t mean that any of them will do. If you search on Google, you will discover that the market is literally overflowing with companies offering their trading services. In fact, it appears that a new one is launched every other day and each is touting their services and offerings to attract traders. It is extremely easy to fall for the impressive features you are being offered and this can get you into trouble.

After all, making claims is not that difficult, but actually fulfilling them can be a big challenge, which is not something every company can accomplish. Hence, you will come across plenty of people sharing the bad experiences they have had with brokers and this should warn you that not every company can be trusted. First off, the online world is no strange place for scammers and other cybercriminals and they have established shady and fake platforms to fool people into sharing their money and their confidential data. You can find hundreds of stories of such incidents and they should all be considered a valuable lesson.

But, it is also important to remember that just because a platform is genuine is no guarantee that you will have a positive experience with them. No two traders are the same and your priorities can be different from others out there. You have to consider what you are looking for and then opt for a company that can fit your criteria. Otherwise, you may also end up on the wrong platform and find yourself looking for another option soon enough. Rather than having to go through the hassle of starting from scratch, it is better to save time and do your research the first time around.

Not only will you save your time, prevent a big headache, but may also minimize your losses. A little bit of effort can go a long way in helping you achieve your financial goals and you will certainly not regret this decision. A broker has a big responsibility of providing you access to the financial markets and they need to do it right. There is a sea of brokers out there and one of the fish that are part of it is known as Group 500. Registered in Geneva, Switzerland, it was founded by GAIR LOCH Enterprises Ltd. and it has developed a solid reputation quite quickly.

Group500 trading platform

The broker is offering its services to all traders in different parts of the world, whether they are new to the trading world, or are professional traders. You can enjoy CFD (Contract for Difference) trading via their platform, but before you sign up, you need to know their features that can help you during trading. This will allow you to make a decision of whether to use their services or not. What are these features? You can find out below:

Broker Group 500
Website https://group-500.com/
Trading Accounts Five Account Options; Silver, Gold, Platinum, Signature and VIP Accounts
Minimum Deposit $10,000
Assets Coverage Forex, Cryptocurrencies, Stocks, Indices, Commodities and Futures
Trading Tools Trading Indicators and Calendar, Calculator, Signals, Live Charts, Technical Analysis Tools, Price Alerts, Trade Glossary and Risk Management Tools
Education and Training Yes; , e-books, online video courses, webinars, tutorials, latest market news, guides and spread and trading hours
Customer Support 24/5 support via email address, phone number and online contact form.
Security Policy KYC (Know Your Customer) and AML (Anti-Money Laundering)
Parent Company GAIR LOCH ENTERPRISES LTD

An Extensive Asset Index

The first feature that most brokers talk about right away is their asset index because the financial instruments are what’s drawing you to them in the first place. There are hundreds of thousands of these products that can be found, spread across different financial markets. The profit potential and volatility of these instruments can vary and not every trader will want to trade the same thing. Likewise, you should remember that every company offers a different set of instruments to choose from. In fact, some brokers specialize in a specific market, such as cryptocurrencies, while others offer access to a variety.

Which category does Group 500 fall into? With more than 100 instruments available, this company belongs to the second category, as they have given their clients access to the most renowned financial markets in the world. Their asset index is quite extensive and gives traders plenty of room to find an instrument in accordance with their trading style and risk appetite. As they offer all leading options, there is a strong chance that you will be able to find what you are looking for. Moreover, thanks to the extensive offerings, you will have no problems in diversifying your portfolio to minimize your risks.

Forex

Having a daily trading volume of more than $5 trillion, the forex currency market is called the biggest financial market in the world. It is filled to the brim with currency pairs and Group 500 has added some profitable options for you to trade like EUR/USD, USD/JPY, GBP/USD, AUD/CAD, GBP/NZD and USD/CHF.

Cryptocurrencies

One of the biggest trends nowadays is cryptocurrencies, with Bitcoin leading the race. The high volatility of the cryptocurrency market has made it extremely profitable, so more and more traders are flocking towards it in order to enjoy some returns. You can find some of the top cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum and Litecoin available.

Stock

If you want to invest in individual companies and enjoy profits from the movements in their value, the stock market is a good choice for you. Some of the world’s best stocks are given on the Group 500 platform, such as Netflix, Tesla, Amazon, Apple, Facebook, Microsoft and JPMorgan.

Indices

Traders looking to trade the big picture, rather than the short-term, will find the indices market a better fit for them. There are plenty of indices that you can trade, such as S&P 500, FTSE 100, NASDAQ 100 and CAC 40.

Commodities

For traders who prefer to have consistent returns and don’t want to take high risks, the commodities market has a horde of options they can explore. There are agricultural commodities to be traded, like wheat, rice, coffee and corn. You can also trade hard commodities on Group 500 and these include precious metals like gold, silver, platinum and palladium. They have also added energy commodities like natural gas and crude oil for their clients.

Comprehensive Security and Privacy

Trading online is undoubtedly extremely convenient for people because it allows you to trade from home, your office, or pretty much anywhere. But, there are some downsides that you also have to consider. Other than the trading risks, you also have to consider the security and privacy concerns that are common on the internet. There are countless cybercriminals out there, who are just looking for the opportunity to take advantage. It is not just your money that’s at risk, but even your personal information can be stolen and then used in criminal activities.

Therefore, you should prioritize a broker that takes measures to offer you security and privacy when you are trading online. Yes, platforms like these do exist and while they cannot eliminate the threat completely, they can certainly mitigate it by a huge extent. This is exactly what you will find at Group 500 because they have developed strict security and privacy policies for their platform. They understand the risks and concerns of their clients and have come up with solutions that can allow them to trade in a safe environment.

They have used advanced encryption technology for protecting all confidential and sensitive data shared by their clients. All communications and website traffic is also encrypted to ensure cybercriminals cannot gain access or misuse any information. You will also find that Group 500 is compliant with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) security policies. These are quite well-known and can be effective in preventing fake accounts from being created. This is due to the fact that the rules of these policies demand traders to submit documents for proof of ID and residence.

Traders have to share a form of government-issued ID, such as a national identity card, driver’s license or an international passport. As for proof of residence, they need to provide a utility bill (water, electricity or gas), a credit card bill or bank statement. These policies can be effective in reducing the risk of identity theft, financial fraud and money laundering. Moreover, you can also be assured of the safety of your funds at Group 500 because they follow the rules of customer account segregation. This means that they maintain separate accounts for their clients, and do not mix company funds with them.

Your money is deposited with some of the most reputable financial institutions and only used for trading purposes. In the event of Group 500’s bankruptcy, they will be returned to you.

Group500 security

A Web Trading Platform

How do you conduct your trades in the market? It is the job of a trading platform to help you access the financial markets and allow you to execute trades. You can open and close any position through the platform. But, the platform available to you will depend on the broker. There are different types of platforms that exist and companies are free to offer whichever they deem ideal. In addition, it is up to them to come up with their own trading platform, or incorporate one of the options available in the market. It is recommended that you check the platform before finalizing a broker because it is the feature you will engage with the most.

Whether you have an easy or difficult trading experience will depend a great deal on the trading platform provided to you by the brokerage. Subsequently, knowing what type of option is given can help you in making the right choice. A web trading platform has been developed by Group 500 for its clientele. They have chosen to come up with their own solution, rather than opting for one of the existing ones in the market. Nonetheless, this doesn’t mean that they have made any compromises in terms of functionality or features.

It is a simple trading platform that boasts cutting edge technology for delivering lightning fast trade execution and one-click trading. The aim of Group 500 was to ensure that its clients could take advantage of any market movements easily and they have accomplished it quite well. The web trading platform also has an intuitive interface and allows multiple assets to be traded simultaneously. You will not have any navigation issues and the platform doesn’t lag either. The best part is the flexibility it offers, as it can be used on any device that you have accessible since it operates online and doesn’t need to be downloaded.

No compromise shave been made by Group 500 in terms of trading tools either and some of the most advanced ones have been added. These include an economic calendar that helps you track important market events, advanced charts and graphs for tracking patterns and trading signals that highlight opportunities. You can also find custom indicators, enjoy price updates and the latest market news that helps you keep track and maximize the potential of trading.

A Quick Registration Process

Registering is a necessary step that you are required to take when you are signing up on any online platform nowadays. Of course, the steps and requirements can vary, so you need to check and see if there is anything you should be concerned about. Some brokers do tend to involve a lot of paperwork and even contract signing may be involved. Others have approval procedures in place that can take up time and be quite annoying. You will find that Group 500 has opted to take the simple way out. Their registration process is quick and easy because there is essentially just one form to complete.

You need to visit the Group 500 website and click on the option of ‘Sign up’ on the top right. Doing so will open up a form that requires you to enter some basic details. You have to share your first and last name, city, state and country, phone number, address as well as an email address and password that will be used as login details for your account. They ask you to choose an account currency and three options are provided, which are EUR, USD and GBP. The last step is to agree with the Terms and Conditions of the company and the process is complete. There is no approval required, no contract and no other documents needed.

Various Account Types

Typically, brokers are known for offering several account types to their clients after the registration process is complete. This is particularly applicable in the situation where the broker in question is providing its services to traders having different risk appetites, trading styles and skills. Since this is true in the case of Group 500, you will find various account types here as well. However, the primary difference is that they offer more varied and diverse choices than you will find elsewhere. Rather than the usual two to three choices, they have come up with five and these are:

Silver Account

The first account option that you will find at Group 500 is called Silver and it has a minimum deposit requirement of $10,000. This account is for those who are just starting out in the financial markets, so it comes with 1 on 1 basic training, 2 signals a month from the VIP desk, basic education center access, 24/5 customer support, minimum trading size of 0.01 lots and maximum 100 lots, an unlimited trading dashboard and trading news.

Gold Account

This account type is more for beginner traders who have some knowledge and experience in the financial markets. It can be opened with a minimum deposit of $25,000 and provides limited trading signals, a personal account manager and 10 signals a month from the VIP desk.

Platinum Account

If you are an intermediate trader, you will like the Platinum account at Group 500 and it needs a minimum deposit of $50,000. You can access the full education center here, get full trading signals as well and tap into the expertise of a personal account manager. The account also offers unlimited lots of trading size and trading algorithm for those who want to automate the trading process. Traders are not charged any withdrawal fee and the trading fee and swap commission is also low. The signals from the VIP desk are now given daily and a credit line for trading events is also provided.

Signature Account

Advanced and skilled traders are facilitated by Group 500 with the Signature account that needs a minimum deposit of $250,000. With this account, they can enjoy features like private banking, priority for hedging strategies, leverage of about 1:300, membership of a Traders’ Group Club, private sessions with a market analyst and insured contracts of about 70%.

VIP Account

The VIP account, as obvious from the name, has been created for VIP and professional traders, but this is only available on invitation. Traders who meet certain eligibility requirements, such as ability to deposit a minimum of $1,000,000, are considered for this account. If you are interested in upgrading and want to know how to open this account, you can discuss it with your account manager and they will guide you account.

Robust Customer Support

Online trading is quite different from the traditional form of trading, which means that it comes with its own share of problems and concerns. You could encounter technical issues with the trading platform, have questions about the broker’s procedure or other complaints. No matter what the issue, it is a given that you would want to see it addressed right away, so you can resume trading and not deal with any losses due to any issues. This can only happen if the broker you have chosen is offering you proper support.

Fortunately, robust customer support options have been added by Group 500 for its clients in order to ensure a seamless trading experience for them. Their support team is highly trained and available 24/5 through several channels for solving your problems and answering your queries. You can visit their website and use the contact numbers they have given, or simply send an email on the address provided. Their agents will get back to you quickly and with a proper solution.

Another option you can explore is to schedule a callback from the customer support team by filling out the online contact form on the Group 500 website. If you don’t want to use any of these options, you can also check out the FAQ section on their website that has a list of questions frequently asked by traders and their answers. It is possible that you may find your solution there and not have to contact the support team at all.

Conclusion

The combination of such powerful and useful features certainly indicate why Group 500 has managed to develop a strong reputation in a short span of time, as they make it a dependable solution for online trading.