Group-500 Review – Is Group-500 Worth It?3 min read
Online trading has taken the world by storm for a long time now, and that is all the more reason for you to consider choosing Group-500 as your preferred broker. Many have cited the appearance of cryptocurrencies as the primary cause for the recent boom in online trading activities worldwide, and while this may be true to an extent, the act of trading online itself has existed for decades. Whether it be stocks, indices, forex, cryptocurrencies, or any other digital asset, brokers have always existed to help traders and bridge the gap between them and what they might be looking for to trade with. With that in mind, this Group-500 review shall discuss why we believe that this specific broker should be your choice from now on.
The first thing that traders need to get started is a viable and usable trading platform. You would not want to spend an excessive amount of time trying to understand the interface with which you will carry out your trades, so it is critical you choose a broker that has an easy to use and uncomplicated trading platform. This is especially important when cryptocurrencies are involved as these assets are subject to heightened volatility and can often act in unpredictable ways, so traders would need a reliable, quick and responsive trading platform to avoid potential losses as much as possible.
Group-500 has taken care of this though, as it has a professional looking trading platform that is highly customized, which means that each trader (regardless of personal experience or skill-level) can use the broker’s platform to conduct trades in a smooth and seamless fashion. The trading platform is also fully compatible with iOS and Android devices, as well as laptops and personal computers. Its web-browser can be accessed at any time from any place, as there is no installation process.
How responsive is Group-500’s customer support?
Even veteran traders encounter unforeseen issues when trading online from time to time. There is bound to be some confusion about certain features or aspects every now and then, and so Group-500 is one of the most reliable brokers as it has a highly responsive and friendly customer support team.
The broker wants users to feel like it truly cares about them and any issues that may arise, and so customer satisfaction remains a top priority. Traders can thus contact the team via various channels for guidance which includes a useful FAQ section, direct phone call, and email correspondence. We found the FAQ section to be particularly useful as it covered a lot of the basic questions that traders tend to ask when starting out, and so this feature saves time for users who would much rather be trading instead of looking up solutions to various problems.
Different account options
Some might be disappointed to know that the ‘basic account’ on the platform of Group-500 requires a minimum deposit of $10,000 before getting started. Although veterans would consider this amount to be relatively affordable, we understand that it might seem steep for new traders. However, the profits that users stand to gain from this deposit are also quite high, and there is little chance of you actually losing this money if you trade properly and effectively.
For advanced traders, there are other account options such as ‘Silver’, ‘Gold’, ‘Platinum’, ‘Signature’, and ‘VIP’. Of course, the minimum deposit required in order to gain access to each type of account will increase respectively as well. For the ‘VIP’ option though, you would need to be invited directly by Group-500.
We found that while Group-500 might be a bit pricey, the returns that it can provide its users with make it a worthwhile choice. Rarely do any problems go unsolved, and if certain issues cannot be fixed immediately, the customer support team will work to solve it as soon as possible.
There are no ‘hidden costs’ as far as we can tell, which is always a good sign as the last thing you would want is to be bombarded with unexpected withdrawal fees or commission charges. All in all, this broker is very reliable and trustworthy.