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Score

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/10

Trader500.com

United Kingdom|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://trader500.com/

Website

Rating Index

Contact

+44 2081571282
support@trader500.com
https://trader500.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2081571282

Broker Information

More

Company Name

Trader500.com

Company Abbreviation

Trader500.com

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Trader500.com · Company Summary

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.

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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.

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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.

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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.

User Reviews

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3

Comments

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YOYO8674
more than one year
The spread of this company is too high, and it actually needs 1,000 US dollars to open a new account. I do not recommend that you trade here, just as for the trading conditions, we can find other better options.
2023-02-22 11:22
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0
0
FX1184029856
more than one year
I feel like this company looks good, but I don't want to deal with it because they don't provide service in Spanish... After all, everyone wants to trade in their native language, which is more convenient!
2022-12-15 16:24
Reply
0
0
more than one year
I do not recommend you to trade with Trader500.com, because it does not have any regulatory license... Every year, many forex traders are deceived! I think the most important thing is safety. If your money is scammed, what is the point of other trading conditions?
2022-12-02 09:41
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0
0
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