Group 500 Review
Read our Group 500 review and learn why we recommend this broker for online trading. Group 500 is a great trading platform that offers features and services that suit traders from different backgrounds.
Group 500 Review
If you have reached this Group 500 review in hopes of finding the best brokerage firm, then you have come to the right place. I will be taking you through some of the main features of Group 500 which will show you why you need to choose it as your online trading firm. Finding a trading firm that is just right for you is a time-consuming task and should not be rushed. This is because the time spent in this stage will determine the quality of your trading experience. To help you cut back some of that time, I have decided to share my experience with Group 500.
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I will be talking about some of the features of this broker that will show you why you need to choose it as your online trading firm.
Best Features of Group 500
Easy Deposit & Withdrawal
It can be a hassle to deposit or withdraw money from your accounts on trading firms. This is majorly due to the fact that many such firms don’t support a lot of payment options which is very inconvenient for the customers. I have tried my luck with many different firms and most of them have long and complex processes from depositing and withdrawing cash. Moreover, they also charge a large percentage of commissions and fees upon all withdrawals.
Group 500 does not charge traders on any withdrawals or swaps which makes the process comfortable for traders. The minimum amount that you can withdraw for wire transfers is $500 while the minimum amount for credit cards is $100. Group 500 also accepts payments from several different companies of credit cards, bank wire transfers, and e-wallet services.
Assets for Trading
Group 500 currently supports the trade of over 450 different assets. This is an impressive range because a lot of the brokerage firms only support barely over 100 assets. The benefit of having access to such a long list of assets is that you will not need to find a new broker if you want to try trading with a different asset type. Another benefit of this would be the fact that traders can practice low-risk trading by investing their money in different assets at a time.
The assets that you can trade with at Group 500 include bonds, currency pairs, stocks, shares, and precious metals. Among the major names that you can trade include some big companies such as Google, Samsung, and others.
The trading platforms that Group 500 offers include the web trader as well as the MetaTrader4. Now, both of these platforms have their own positive points but my personal favorite is the web trader. This is because the web trader is easily manageable and accessible as compared to the other option. You can simply log in to the firm’s website from any device and get into your account. The MT4 is one of the most popular trading platform software that you will see a lot of brokers using. This is because this software provides such amazing tools and has such amazing services that online trading becomes a much smoother and easier process.
Both versions of these platforms are equipped with high-end trading tools which traders can use to make profitable investment decisions. Another added feature of the trading platform by Group 500 is that you can download apps for it on your android and iOS devices. These apps are regularly updated to eliminate any bugs that may have formed in the system.
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KYC & AML Policies
When you see the words AML and KYC, you should immediately erase all doubts about user safety that you have about Group 500. This is because these policies are a guarantee that the brokerage firm will not use your information or your money for illegal purposes. Moreover, it is also an indication of the firm’s regulatory status which is necessary to identify whether a firm should be trusted or not. Group 500 is compliant with The KYC (Know Your Customer) and AML (Anti-Money Laundering) policies which protect your information and funds on the broker’s system.
The several proofs of identity that you have to submit during registration or before withdrawing money are because of the implementation of the KYC policy. This makes sure that you are the sole owner of your account and that your information is only being used for one account on the brokerage firm.
Group 500 has a fully secure and trustworthy platform. You need to make sure that whichever trading firm that you sign up with has a secure system. Hackers frequently target online trading firms due to the fact that their systems contain a lot of information about the users and also steal their money. This is why Group 500 has implemented the latest security software to ensure that no one can access its database. The firm has applied encryption software which means that all the data that you enter into the system is instantly encrypted and unreadable. Several other security protocols such as firewalls have been installed to keep the system safe at all times.
Group 500 also uses segregated accounts for storing user funds. Segregated accounts are accounts that not even the broker itself has access to. This means that your money is accessible only to you no matter the circumstance.
It is important to be able to rely on your broker when you are an online trader. You can identify whether or not you will be able to do that by checking out its customer support services. Group 500 offers an active customer support department that is available 24 hours a day, 5 days a week. You can submit your queries to them via multiple channels and get timely replies. The trained team makes sure to provide cohesive replies to your queries.
When you choose a brokerage firm, you need to be sure that it will provide you the support that you need. This is why brokers are compared with business partners. You only want to choose one that will be beneficial to your business. Group 500 provides many high-quality features and services that make the process of online trading easy. So, if you are in search of a broker that will support you in all areas of online trading, then you seriously need to consider signing up with Group 500.