www.brokers500.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.brokers500.com.
I found www.brokers500.com based on a colleague's recommendation and the initial impression was positive. But for over three years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Good analytical tools|Quick verification|Fast execution|Risk management tools
Cons: Nothing significant
Do not use www.brokers500.com for anything serious. I used them for roughly four months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Responsive team|Good mobile app|Fast support response|Wide product range
Cons: Nothing significant|Wish they had more educational resources
After spending for the past six months trying to make www.brokers500.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: API access|Multi-currency support|Tax reports included
Cons: None so far
What really bothers me about www.brokers500.com is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Comprehensive tools|Clear documentation|Wide product range
Cons: Research section could be deeper|Desktop app not available on Linux
The onboarding at www.brokers500.com was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Helpful community forum|Personal attention|Customizable dashboard|Educational resources
Cons: Search feature is basic|Minimum deposit could be lower
I requested my data from www.brokers500.com under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Dividend tracking|Economic calendar|Great customer service
Cons: Minor UI glitches occasionally|Limited ETF selection
I have been trying to close my account with www.brokers500.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Copy trading available|No hidden fees|Real-time alerts
Cons: Account statements could be more detailed|No phone support on weekends
www.brokers500.com locked my account without warning and demanded documents I had already submitted. since last summer later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Smooth onboarding|Two-factor authentication|Professional team
Cons: Limited demo account features
The platform at www.brokers500.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about five months of dealing with this, I have had enough.
Pros: API access|Responsive team|Tax reports included
Cons: Nothing significant|Website design could be more modern
I closed a profitable position at www.brokers500.com and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Real-time alerts|Personal attention|Automated trading options|Instant funding
Cons: Spreads widen during volatile periods|Website design could be more modern