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Group 500 foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website --, about the company's legal and temporary regulatory information, the company's address Route de Meyrin 49 1203 Geneva.

Group 500 Forex Broker

Basic Information

Registered Region

China

Operating Period

Company Name

Group 500

Abbreviation

Group 500

Company employee

Customer Service Email Address

support@group-500.com

Company Website

Company address

Route de Meyrin 49 1203 Geneva

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Since this brokers official site is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from other related reviews. General Information & Regulation Group 500 is allegedly a forex broker that provides its customers with web-based trading platforms and different classes of trading assets. It also claims that it offers up to 1:300 leverage, competitive spreads and a choice of five customized account types. Market Instruments Group 500 advertises that it offers some trading instruments, which include cryptocurrencies, forex and indices. Account Types There are five live trading accounts provided by Group 500, namely Silver, Gold, Platinum, Signature and Vip, with minimum deposit requirements of $10,000, $25,000, $50,000, $250,000 and $1000,000 separately. Leverage Group 500 claims to offer leverage as high as 1:300, yet this leverage ratio cannot be adjusted according to your preferences and we have no way to verify if it is true. Attention that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Spreads & Commissions The spread of the EUR/USD floats around 5 pips. More specific information about spreads and commissions are not available. Trading Platform Available Group 500 doesnt give traders the well-known trading platforms like MetaTrader4 and MetaTrader5, instead, the only available is a web-based trading software. However, it lacks the automated trading capabilities of Metatrader, as well as most of its more basic features such as most of its graphical tools. Deposit & Withdrawal Group 500 accepts payment methods via Credit/Debit cards and Wire Transfers. The minimum deposit is said to be $250, but at the same time, their minimum deposit for the entry account is said to be $10 000 on their Home page. While the minimum withdrawal is said to be $100 for Credit/Debit cards and $500 for Wire transfers. Please note that if you want to withdraw funds from an account that has been leveraged, you will be required to execute a minimum trading volume of (Deposit+Capital leverage) ×25. The withdrawal usually will be processed within 4-7 days. Fees For the dormant account, Group-500 will, from time to time, impose unspecified fees on accounts that are executing low volumes, yet it acts entirely on its own discretion to determine whether the account is inactive or not. Customer Support Group-500s customer support can be reached through email: support@group-500.com. Company address: Route de Meyrin 49 1203 Geneva.

Group 500 broker review

Is Group 500 safe or scam

Rating Index

How to login to Group 500?

group 500 Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a group 500 Account Registering for a group 500 account is a crucial first step for anyone looking to trade on this platform. The registration process is design

Group 500 Forex Broker - Complete Information Guide

1. Broker Overview

Group 500, established in 2020, is an online trading brokerage that has rapidly gained recognition in the financial markets. The company is headquartered in Geneva, Switzerland, and operates as a private entity, focusing on providing trading services to retail and institutional clients globally. Since its inception, Group 500 has aimed to empower traders by offering a user-friendly trading platform, extensive educational resources, and a variety of trading instruments.

The broker's primary market includes individual traders and institutional investors interested in forex, commodities, indices, stocks, and cryptocurrencies. Group 500 has developed a reputation for its commitment to customer satisfaction and has achieved several milestones in its short history, including the launch of its proprietary trading platform and the introduction of various account types tailored to different trading needs.

As part of its business model, Group 500 operates primarily in the retail forex market, offering services that cater to both novice and experienced traders. The firm provides a comprehensive suite of trading tools and resources designed to enhance the trading experience, making it a preferred choice for many traders looking to enter the online trading space.

2. Regulatory and Compliance Information

Group 500 operates in a regulatory environment characterized by a lack of formal oversight. The broker has been noted for not being regulated by any recognized financial authority, which raises concerns about its operational legitimacy. The Financial Conduct Authority (FCA), Swiss Financial Market Supervisory Authority (FINMA), and several other regulatory bodies have issued warnings regarding Group 500's operations, marking it as a potentially fraudulent entity.

The absence of regulatory licenses means that there are no guarantees regarding the safety of client funds. Group 500 does not appear to have a client funds segregation policy, which is crucial for protecting trader investments. Furthermore, the broker does not participate in any investor compensation schemes, leaving clients without a safety net in case of financial disputes.

The broker claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations; however, the lack of regulatory oversight makes it difficult to verify the effectiveness of these measures. As such, potential clients should exercise caution when considering Group 500 as their trading partner.

3. Trading Products and Services

Group 500 offers a diverse range of trading products, catering to various trading strategies and preferences. The broker provides access to a substantial number of forex currency pairs, including major, minor, and exotic pairs, allowing traders to capitalize on global currency fluctuations.

In addition to forex, Group 500 offers Contracts for Difference (CFDs) across multiple asset classes, including:

Indices: Major global indices such as the S&P 500, FTSE 100, and DAX 30.
Commodities: Trading options on commodities like gold, silver, crude oil, and agricultural products.
Stocks: Access to shares from prominent companies in various sectors.
Cryptocurrencies: A selection of popular cryptocurrencies, enabling traders to engage in the digital currency market.

The broker frequently updates its product offerings to keep pace with market trends, ensuring that traders have access to the latest instruments. Group 500 primarily focuses on retail trading services, providing educational resources and tools to help clients make informed trading decisions. While institutional services are not highlighted, the broker aims to meet the needs of all types of traders.

4. Trading Platform and Technology

Group 500 utilizes a proprietary web-based trading platform, known as Web Trader, which is designed to be intuitive and user-friendly. The platform supports various devices, allowing traders to access their accounts from desktops, laptops, and mobile devices without the need for additional downloads.

While the broker does not offer the widely recognized MetaTrader 4 or MetaTrader 5, the Web Trader platform provides essential features such as:

Single-click execution for quick trading actions.
A variety of trading charts and tools to analyze market trends.
Algorithmic trading capabilities, allowing traders to automate their strategies based on predefined criteria.

The platform is equipped with robust security measures to protect user data and transactions. Additionally, Group 500 offers API access, enabling traders to integrate their trading strategies with third-party applications.

5. Account Types and Trading Conditions

Group 500 offers several account types tailored to meet the diverse needs of its clients. The available accounts include:

Silver Account: Requires a minimum deposit of $10,000 and provides basic trading features, including access to educational resources and market news.
Gold Account: Requires a minimum deposit of $25,000, offering additional benefits such as personal account management and more trading signals.
Platinum Account: Requires a minimum deposit of $50,000 and includes advanced features like full trading signals and algorithmic trading capabilities.
Signature Account: Requires an initial deposit of $250,000 and is designed for professional traders, offering the highest level of service and features.
VIP Account: Available by invitation only, this account type caters to elite traders with extensive market experience.

Each account type comes with specific trading conditions, including varying leverage ratios, which can reach up to 1:300, and different minimum trade sizes. The broker's overnight fees and spreads are competitive, although specific details may vary depending on market conditions.

6. Funds Management

Group 500 supports various deposit methods, including bank transfers, credit cards, and electronic wallets, to facilitate easy funding for traders. The minimum deposit requirement varies by account type, starting at $10,000 for the Silver Account.

Deposits are typically processed quickly, allowing traders to access their funds and start trading without significant delays. However, specific processing times may vary based on the chosen payment method.

Withdrawal methods include the same options available for deposits, but clients should be aware of potential withdrawal limits and processing times that may take between 4 to 7 business days. Group 500 does not charge withdrawal fees, which is advantageous for traders looking to access their funds without incurring additional costs.

7. Customer Support and Educational Resources

Group 500 provides customer support through multiple channels, including phone, email, and live chat. The support team is available 24/5, catering to clients across different time zones. The broker also offers multi-language support, ensuring that traders from various backgrounds can receive assistance in their preferred language.

In terms of educational resources, Group 500 offers a range of materials, including webinars, tutorials, and e-books, designed to help traders enhance their skills and market knowledge. Additionally, the broker provides market analysis services, including daily updates and research reports, to keep clients informed about market trends and opportunities.

8. Regional Coverage and Restrictions

Group 500 primarily services clients in regions with high trading activity, including Europe, Asia, and North America. However, the broker does not accept clients from certain jurisdictions due to regulatory restrictions, including the United States and Canada.

The company operates without a network of regional offices, focusing its efforts on providing online services to a global client base. Specific restrictions may apply based on local regulations, and prospective clients are encouraged to verify their eligibility before opening an account with Group 500.

In conclusion, while Group 500 broker offers a range of trading products and services, potential clients should approach with caution due to the lack of regulatory oversight and the associated risks.

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