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Nasdaq500 Review 2020 – Everything Need to Know
When it comes to trading stocks, forex, Bitcoin, commodities, indices and more, you certainly don’t want to take on more risks than those that already exist in the online trading world. While you can really profit from trading online, the first step to trading success is selecting a broker who is trustworthy and reliable. You also should select a broker that meets your trading needs, skills and preferences. At Trustedbrokerz, we are here to help you make the right decisions from the start.
As a trusted source of truth, at Trustedbrokerz, we always endeavor to bring you independent, verifiable, unbiased, and dependable insider information about brokers that are available in the industry. You can also count on us to provide you with our personal experience of broker and we are able to do this once we have signed up for a live trading account and traded directly with the broker. Our personal experience should help you to make a sound and informed decision when it comes to partnering with an online financial broker.
With many fraudulent financial services existing online, only an honest, in-depth review of a broker will guide your steps going forward. On this premise, we further sample other user reviews, evaluate broker services and features, then compile a comprehensive review on what to expect.
Moreover, by looking at a broker’s cons and pros, our objectivity is all you need in order to get started. In today’s review, we look at Nasdaq500, a relatively new broker, but one that has managed to earn its reputation as one of the leader’s in the industry in a short space of time.
The big question is this: what does Nasdaq500 have to offer and will their services, features and tools meet your trading needs? Well, read on to find out more.
Nasdaq500 Review – Know the Facts, Trade with Confidence
Who is Nasdaq500?
Owned by Empika Enterprise LTD, a company based in Marshall Highlands, Nasdaq500.com is a leading online broker offering a wealth of services and features. Since many traders have been asking questions about this broker, we embarked on a mission of compiling its features and services to determine if they are the right broker to partner with.
Here is what we found.
Nasdaq500 is a fast-growing forex and CFDs broker with a global appeal. Its brokerage services target both new and advanced traders seeking to grow their financial fortunes. Since its establishment, the company is nearing its second anniversary in a murky world of brokerage services. And if you ask, what makes Nasdaq500 keep going strong, you can expect many answers from traders who have had positive experiences with this broker.
Trustedbrokerz tests every broker before featuring it in our reviews. First off, Nasdaq500 emphasizes a need to give traders high-speed execution tools for their trades; a feat it achieves by investing in revolutionary brokerage technologies. The company boasts of deep liquidity, and it’s all reflected in their pricing. Traders who wish to invest through this company have an assurance of the best price spreads, regardless of their country of residence or choice of assets they trade.
Whether you would like to invest in cryptocurrencies, indices, commodities, forex or stocks, Nasdaq500 offers a wide choice of assets to trade. The company premises its continued success on fierce ambition and passion in providing financial services globally. You should note that investing in a trading environment like that which this broker provides, will give you direct access an all-inclusive trading platform. Moreover, it offers you an opportunity to access other services and tools which enhance trading success.
At Nasdaq500, traders have access to advanced tools, unique features, and services. All these are available on Active8; an interactive, intuitive and powerful platform. You can also sign up via MetaTrader 4 which is a very popular and well-known platform in the industry. Whether you are a novice trader or an advanced trader, Nasdaq500 welcomes everyone on board, offering top quality service to everyone.
Nasdaq500 provides brokerage services 24/5. For new accounts, you can sign up with Firefox, Safari, and Chrome; three of the most popular web browsers. As soon as your trading account is activated, after a short and easy registration process, traders can begin to enjoy a professional trading environment. In case of technical challenges, a support team is available 24/5 to help you navigate your way around with great ease.
Providing both CFD and forex brokerage services, Nasdaq500 also makes it easy for traders to access eBooks on stocks, Forex, and CFDs. Not many brokers provide as many learning materials as those you will find at this broker. You also have access to trading videos and webinars as well as a comprehensive glossary. Based on this, Nasdaq500 is a great starting point for any trader who wants to learn, grow and make money. With all these resources at your disposal, you are set and ready to step into the trading arena with confidence.
Why Should You Sign Up with Nasdaq500?
We believe you are here to discern truth from half-truths about Nasdaq500. Well, we are here to provide you with honest, unbiased information. After testing the broker’s features and services, we proceeded to create both demo and real trading accounts. We can authoritatively report that signing up for a trading account with the company is easy and convenient.
At Trustedbrokerz, we don’t want you to get scammed when trading the financial markets. It is for this reason that we provide such detailed reviews – our goal is to give you the peace of mind to sign up with the right broker. When it comes to making a deposit or requesting a withdrawal, Nasdaq500 excels. The fact that the broker accepts different payment gateways, makes it user-friendly and accommodative. Whether you choose to deposit funds using Maestro, MasterCard, Visa, wire transfer or cryptocurrencies, you can do it fast and securely. There are also as many withdrawal options, which mean your trading profits will arrive when, and where you need it, hassle-free.
Once you have signed up, you can then download the MetaTrader 4 platform or the company’s official trading platform (Activ8) from the Apple or Google Play store. We noted that the mobile app is lightweight and easy to navigate. Being able to trade using a mobile device and via a browser means that, like most established brokers, Nasdaq500 gives its clients the flexibility and adaptability they need to trade the markets at any time and from anywhere.
You should also not worry about data privacy when signing up with this broker. The sign up is a quick and easy process, requiring only basic personal information and your account funding source. The broker also takes the necessary security steps to protect its users’ personal and financial information at all times.
What Makes NASDAQ500 Unique?
If you want to invest in the financial markets trading forex, stocks, indices, cryptocurrencies or commodities, it is important that you do so with the help of a dependable broker. Therefore, another big question is this, how does Nasdaq500 stand out from the rest?
Well, while it is a relatively new company, Nasdaq500 provides clients with multi-platform trading options. The MetaTrader 4 platform is very popular among global investors and the broker’s Activ8 platform is also impressive. The Activ8 platform allows for social copy trading and it also offers a full user manual to ensure ease of use.
Traders can also enjoy monitoring the performance of their trades on a dynamic user interface that comes with using the Activ8 and MetaTrader platforms, which are user-friendly to both novice and experienced traders. You also get real-time updates on trading opportunities, market news and performance indices, all a tap or click away.
Since Nasdaq500 is equally a place not only to trade but to learn how to trade, thanks to their wealth of educational resources available on the broker’s website, you can only get better at what you do. Trading success is easy with this broker.
NASDAQ Live Account Test
A live trading test is vital before you can sign up with a relatively new CFD or Forex broker. Thus, here is a question that many of you may be asking. What is it like to trade with Nasdaq500? First off, the company has intuitive, simple and easy-to-navigate platforms which accommodate both novice and experienced traders. Registration takes less than a minute and is simple and easy to do. After making an initial deposit, you are ready to start trading.
The trading tools offered by Nasdaq500 also make it easier to analyze and trade the markets. You will note that price movement charts capture different trading timeframes and you can also choose from different types of indicators. The candlestick charts also make it possible to monitor and analyze market movements. Together with an organized take-profit/stop-loss functions and real-time updating of bid/ask price, Nasdaq500 gives traders all the power they need to start making money trading forex, cryptos, and other assets.
Real-time market news also keeps you in-the-know about major trading events. And when it comes to keeping abreast with price indices and trading hours, the broker ensures you have a real-time update on everything.
Nasdaq500 ensures that stop-loss and take -profit functions are readily available when placing an order. You can easily see the major, minor, and exotic currency pairs available to trade. The cryptocurrencies pairs are also available on display, allowing you to make quick and informed decisions when placing a trade. Being a CFDs and forex broker whose popularity is growing daily, the broker’s platform features wide-ranging currency pairs and crypto coins. From Mexican peso, Turkish lira, South African rand, Polish zloty, Norwegian kroner, Russian ruble, and the US dollar to euros, the Japanese yen and others, Nasdaq500 features major trading currency pairs on fixed spreads.
If you choose to trade metals, Nasdaq500 offers spot metals such as gold, copper, and silver. Cryptocurrencies are, however, gaining momentum on this platform so you will also have a wide choice to trade. Finally, the broker offers reliable customer support, which is available 24/5 and is very responsive. Communicating with this broker is, therefore, excellent and when we called them, they responded quickly and were helpful and reliable. A big plus!
Is NASDAQ500 Legit or a Scam?
Now, let’s get to the answer of this big question. Is your money safe with Nasdaq500? Well, while some say it is an unregulated broker, the fact is, this broker is reliable and professional. We have tested hundreds of brokers before and Nasdaq500 passes with top marks.
Before we tested this broker using a demo and a real account, we noted that Nasdaq500 clearly warns traders about the risks of trading. That is, it cautions traders against significant risks that come with investing in forex, stocks, commodities, and cryptocurrencies. You can also find this information under the company’s risk disclosure policy. You can also check its terms and conditions when creating an account.
The company discloses all this legal information to keep traders in-the-know. There is no 100 percent guarantee that you will get instant profits when trading forex or other assets. To further help cushion traders from the high risk associated with an internet-based trading platform-which it offers, Nasdaq500 avails lots of educational content on its website. With this, it hopes traders will be able to improve investment-wise, while also anticipating a loss with positivity.
Funds Security and Regulatory Compliance
Nasdaq500 operates under statutory regulations governing financial markets. As a member state of the European Union, it is a financial service business that provides authentic brokerage services in a competitive environment.
Moreover, the company acknowledges the Know Your Customer (KYC) policy as an integral part of its operations in Marshall Island. It observes and implements these regulations by asking for proof of identity and residency while preserving the integrity of sensitive information you submit. You can also check its cookies/privacy policies to learn more.
There are many security layers in place that guard against the theft of personal data.
Nasdaq500 also reserves all rights to terminate a trader’s account in line with anti-money Laundering Rules (AML). It may do so after detecting fraudulent activities taking place on its platform.
When depositing or withdrawing funds from your account, the broker ensures you only do so from to/from a card that bears your name. It always asks for a copy of both sides of your credit card, to ensure the validity and legitimacy of the card. There is also a verification form one must complete. Nevertheless, before you undertake any transactions, the broker requests for the necessary documents to validate your identity. It also uses this information to facilitate the processing of deposits and withdrawals, guaranteeing you the highest level of confidentiality in the process.
NASDAQ500 Trading Conditions
While there are international regulations that govern the conduct of financial markets, brokers, and investors, some are tailor-made to suit a platform’s requirements. When reviewing Nasdaq500, we wanted to delve into specifics of payments, such as withdrawing funds, deposits, fees, processing time, credit/debit card policy, currencies and more. Here is what we found out.
Before you trade with Nasdaq500, customers must, first of all, make an initial deposit into their account. Terms and conditions apply. For example, a funding source must bear the same credentials as those in a trading account. The country of origin must also match, and this is to guard against money laundering. You must be aged 18 years and above to open an account.
Moreover, funds should originate from a single source, i.e. your bank account/credit/debit card. It is also important that your account bears your country of residence. Nasdaq500 requests for the confirmation receipt to ascertain the above information. Failure to adhere to this policy may result in account suspension for up to 6 months, and/or a 10% dormant account fee every month. During this time, you will not be able to make any deposits. The bottom line is you have to verify your identity when you trade with this broker and this is the industry standard.
Withdrawing Funds, Processing Fees and Credit/Debit Card Rules
Anti-Money Laundering (AML) rules, which are followed by Nasdaq500, state that traders can only withdraw profits to the same account from which they fund a trading account. With this broker, it can be a bank or debit/card. It is also noteworthy that the broker only allows withdrawals in the same currency in which you make deposits. Alternative withdrawal or funding options attract additional charges or invoke certain restrictions.
Moreover, the money you withdraw from your trading account is subject to handling and processing fees. If Nasdaq500 detects suspicious activity in your account, they will do the necessary to protect the funds in the account. When it comes to making a withdrawal, you are required to fill in and submit a withdrawal request form.
A fee of 50 GBP/USD/EUR for wire transfer applies, a 25 GBP/USD/EUR fee for credit cards plus processing fees are clearly defined on the Nasdaq500 site. If you have not transacted more than 250 GBP/USD/EUR or your account is not verified, a 10% levy fee will apply on every withdrawal. The minimum amount you can withdraw via wire transfer is 250 GBP/USD/EUR and this attracts a fee of 50 GBP/USD/EUR. These fees may vary depending on your trading capital and volume so you can contact the broker directly to verify this information.
It is important to note that you cannot withdraw non-deposited funds unless the trading volume is met. This includes incentives, bonuses and any other amounts you have not deposited to your trading account. There is more on these conditions available on the broker’s website, including how margins, open trades, and your trading strategy may affect your withdrawals. When you deposit money to a trading account using your credit card, you can only withdraw the same amount or less to the same card. Any amount above this initial deposit amount can only be withdrawn via wire transfer.
Withdrawal Processing Time
With most deposits/withdrawals to/from bank/credit/debit cards, this can take up to 5 business days. That is, Nasdaq500 processes funds within 2-5 days. However, it could take longer due to strict regulatory procedures and security processes reminiscent with some banks. The broker advises that you review your account information to avoid factual inaccuracies when submitting a withdrawal request form to avoid delays in processing times.
Handling of Trading Currencies
You can trade in any currency but you should note the following conditions when you sign up with Nasdaq500:
• Nasdaq500 applies an exchange rate at its discretion if you withdraw/deposit funds in a currency other than the one in your account.
• The broker maintains trading accounts in base currencies – GBP, USD and EUR regardless of which other currency you use to make a deposit or withdraw profits.
• Account setoffs take place in any relevant currency as reflected in the holder’s ledger. However, in cases where you don’t have enough funds, the broker has the discretion of settling trades based on any exchange rate and currencies.
Nasdaq500 Trading Platforms and Tools
Trading with Nasdaq500 is easy to do and also convenient. Traders have access to financial assets trading via web or a mobile app. You can also always check the buy/sell prices, asset price performance, trends and prices for the different currency pairs on the live-feed ticker. This information is available as minute-by-minute, every 5 minutes, 15 minutes, 1 hour, 4 hours, 1 day, 1 week and 1-month alerts. In short, you can monitor your trades and make the right decisions without limitations.
The best experience, however, comes with using the Activ8 platform. We noted that while Nasdaq500 lists MetaTrader 4 as one of their available platforms, it is not available at the moment. Another trading tool at your disposal is an Economic Calendar. It lists major financial news and events around the world. The broker makes this available in an easy-to-understand format. You already understand that holidays, imports, taxes, inflation rate, unemployment, manufacturing, and other factors always play significance in financial markets. With the economic calendar, you have this vital information at fingertips, and as a result, you can make more accurate predictions about future movements in asset prices.
FAQs – Nasdaq500
Does Nasdaq500 support e-wallet deposits and withdrawals?
Currently, the broker doesn’t support e-wallet withdrawals. The main payment gateways are wire/bank transfers and credit and debit cards.
Who should Use Nasdaq500?
Trading indices, cryptocurrencies, stocks, forex, and commodities is a high-risk investment. With the help of Nasdaq500, a broker that welcomes both amateur and experienced traders, you have a good starting point. It operates simplified platforms with tons of trading resources. There are also cutting-edge tools at your disposal. Anyone who wants to trade online should partner with Nasdaq500.
Does Nasdaq500 enjoy a good reputation?
The reputation of a CFD and Forex broker borders on many things such as payment security, SSL website security, client reviews and adherence to financial regulation. We explored all these features and found out that there is a verification certification by MasterCard Security Code, Visa, and SSL. Information you send to this site; whether personal or financial, is, therefore, safe and secure. The system is hack-proof. From user reviews, we gathered that this broker enjoys a good reputation. It is still new, licensed but unregulated.
Is Nasdaq500 worth your investment?
Nasdaq500 is a web-based broker that helps you trade forex and CFDs. It offers brokerage services to private investors and institutions. Whether you are a family or an individual looking for an online trading platform, the broker guarantees the best experience to its clients. Its methods of executing trades are technologically sound and secure. It offers expertise in Forex and asserts trading in a competitive environment; hence they are considered a top investment platform by global traders.
Does Nasdaq500 offer competitive spreads?
Spreads and how competitive they are, play significance when choosing a broker. Because you want to watch your trades as closely as possible, our experience with Nasdaq500 is that it offers relatively attractive spreads.