Is 500Option a Scam?
We have made a research of 500Option and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Forex Brokers along with detailed reviews for safe and secure trading.
Since we haven’t gathered enough information yet, we cannot confirm that 500Option is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Forex Brokers:
This is one of the newly introduced Forex brokers at the moment. It is not a recommended system because the techniques they use in trading are not innovative and up to date making it not a preferred choice among the Forex traders.
Having founded by the “top pioneers in the world of business” who really understand the market situation of the industry. But we were not able to find any legitimate information about the creators of this software so we advise you to be very cautious if you choose to trade with this system. We are still gathering information; therefore we cannot confirm that 500Option is safe.
This is a new Forex broker. They have got trading options but there are no different from what other competitors in the industry can offer. In order for you to sign up with them you have to provide proof of your residence and identity. Keep in mind that we have seen a number of Forex brokers who do not meet the client expectations besides being regulated and fraud free, at the same time involving robots in performing trades. There is no clear information on the website whether 500Option is regulated or no so we recommend you to choose another approved and trusted broker.
500Option Demo Account
You are provided with a few types of accounts to choose on such as i.e. the entry-level Micro Trading Account’ silver trading account etc. Therefore if you are still a beginner then you can use the demo account, but keep in mind that it is equipped only with the basic guidelines of CFD trading and Forex.
500Option Minimum Deposit and Withdrawal
It has not got a transparent and secure method of payment, supporting only GBP and EURO with a minimum deposit amount of $250. This amount is reasonable and thus does not raise any red flag about the system. But it has got a slow withdrawal procedures which take an average of 6 business days.
ConclusionAfter detailed investigation our team concluded that there are better choices than 500Option. We cannot confirm that this Forex broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with 500Option.
We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.