Rating Index
Pros
Wide variety of trading assets including forex, commodities, indices, stocks, and cryptocurrencies.
Relatively low minimum deposit requirement of $250 for account opening.
Offers leverage up to 1:200, which can attract traders looking for higher risk and potential returns.
Cons
Unregulated broker with no authorization from any financial authority, posing a significant risk to traders' funds.
Negative reviews and reports of scams, including difficulties in withdrawing funds and lack of customer support.
Trading platform lacks the advanced features found in popular platforms like MetaTrader, which may limit trading capabilities for users.
500pips broker Accounts
500Pips Account Type
500Pips offers a variety of account types to cater to different trading needs and experience levels. The available account types are as follows:
- Basic Account
- Minimum Deposit: $250
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: Daily market review and analysis.
- Bronze Account
- Minimum Deposit: Not disclosed
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: Similar to Basic Account.
- Silver Account
- Minimum Deposit: Not disclosed
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: A demo account available for practice.
- Gold Account
- Minimum Deposit: Not disclosed
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: A demo account available for practice.
- Platinum Account
- Minimum Deposit: Not disclosed
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: A demo account available for practice.
- Black Account
- Minimum Deposit: Not disclosed
- Leverage: Up to 1:400 for forex and 1:5 for cryptocurrencies
- Spreads: Variable
- Commission: None
- Customer Support: 24/5 live chat and email support
- Features: A demo account available for practice.
- Visit the Website
- Go to the official 500Pips website through your web browser.
- Registration
- Click on the “Register” or “Sign Up” button.
- Fill out the registration form with your personal details, including your full name, email address, phone number, and a password.
- Account Verification
- After submitting your registration details, verify your email address by checking for a verification email from 500Pips and following the provided instructions.
- Choose an Account Type
- Once your account is verified, log in to the 500Pips platform and select the account type that suits your trading needs.
- Deposit Funds
- To start trading, fund your trading account by going to the “Deposit” or “Fund Account” section.
- Select your preferred payment method (credit/debit cards, bank wire transfer, Skrill, Neteller) and enter the deposit amount.
- Begin Trading
- After funding your account, access the trading platform and familiarize yourself with its features, tools, and available assets before placing orders and managing positions.
500Pips Broker Account Opening Process
Opening an account with 500Pips involves several straightforward steps:
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