Trader500.com Forex Broker

Basic Information Registered Countries United Kingdom Regulation No License Minimum Deposit $1000 Maximum Leverage N/A Minimum Spread From 1.9 pips Trading Platform Web, MT4, Mobile, Tablet Trading Assets Forex, Commodities, Bonds, Stocks, Indices, CFD Payment Methods N/A Customer Support 24/7 customer support, Email & Phone Support General Information Registered in the United Kingdom, Trader500.com is a forex broker providing access to a vast range of investment portfolios. With the Trader500.com platform, three trading accounts are available, Bronze, Silver and Platinum. Besides, MT4 trading platform is also available. However, when it comes to regulatory information, Trader500.com disappoints us as it is not authorized or regulated by any regulatory authority. Here we can see that WikiFX has given this broker a low score of 1.11/10. Market Instruments Trader500.com provides a wide range of trading assets, and traders are given the access to a large financial market, including Commodities, Forex, Bonds, Stocks, Indices, CFD. Account Types On the Trader500.com platform, Bronze, Silver and Platinum accounts are the available options for traders. The account type is determined by your initial deposit, $1000 for Bronze accounts, $10,000 for Silver accounts, $25,000 for Platinum account. Demo Accounts Available Aside from the live trading accounts, demo accounts are also available for newcomers to test trading environment and practice their trading strategies. Spreads & Commissions Trading accounts set spreads. Trader500.com offers a zero-commission trading environment, accompanied by wide spreads, from 2.3 pips on the Bronze account, from 2.1 pips on the Silver account, from 1.9 pips on the Platinum account. Trading Platform The MT4 trading platform, widely regarded as the best in the business, is available through Trader500.com, which can be accessed on Windows, MacOS, IOS, Android. . Customer Support Although Trader500.com boasts that it provides 7/24 customer support, we could not find any online chat button on its website. Only an email is left to provide assistance. support@trader500.com Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience. The information presented in this article is intended solely for reference purposes. Pros & Cons Pros Cons Wide selection of trading assets No regulation MT4 supported High minimum deposits from $1000 Demo Accounts Available No clear info about leverage No online chat support, payment methods High spreads Poor customer service Frequently Asked Questions Is Trader500.com regulated？ No, Trader500.com is not regulated. What is the minimum deposit amount required to make a start with Trader500.com？ The minimum deposit amount required to register a live trading account is $1,000. What trading platform does Trader500.com offer？ Trader500.com provides the MT4 trading platform. Does Trader500.com charge additional commissions？ Trader500.com offers a zero-commission trading environment.