Have you ever noticed that you can categorize online platforms into two different categories? The first category consists of brokers that offer you a lot of luring opportunities that are all pretty short-term in nature. Secondly, you have this category that might not sound very appealing but the brokers in this category offer you long-term trading benefits. I always ask traders to go with the latter one and I would tell you to do the same. To help you get started, I would love for you to read my Invest 505 review and see how this broker offers you a platform with many long-term benefits.
Fees, Spreads, and Leverages
As I said, this broker helps things become smoother for you when you stay with it for a long time. You can notice that from the features in the trading accounts and the overall trading conditions. Your spreads are already pretty tight on this platform but they become tighter when you go from basic trading accounts to advanced trading accounts. The same rule applies to the leverages as well. If you look at the first account, which is the Regular account, you have a very small leverage. However, leverages continue to get better for you as you pick higher accounts. The best part is that you have these leverages available to you regardless of the market you choose.
Last but not least, the other thing that can annoy a lot of traders is the fee they have to pay when trading. You like to care about losses and profits, but these service charges and fees are just annoying, right? Well, the fees are pretty low for traders on this platform. The better part is that Invest 505 completely removes any fees and spreads when you go with the Platinum account.
Assets You Can Trade
The assets that you can trade when you sign up with Invest 505 also get better when you stay with the broker. The company makes sure that you can access the greatest number of assets on its platform and I think it pretty much succeeds with it. I can tell you that most of the online trading services providers that I have checked only provide you with 100 to 150 assets on their platforms. In the case of this broker, you have more than 200 available when you sign up with just the basic trading account. This account is more like a starting point for students or those who have never traded before.
As you go higher on the list of accounts with this broker, you gain access to even more assets. You have thousands of assets that you can choose your favorite ones from when you sign up with this broker. Pick forex currency pairs that include AUD, CAD, USD, GBP, EUR, and many more or go with cryptocurrencies where you can find Bitcoin, Ethereum, Dogecoin, Tether, and many others. Other markets you can explore include but are not limited to precious metals, shares, indices, energies, etc.
Education and Customer Support
While you get fine customer support regardless of the account you pick, you do have senior-level dedicated account managers available to you when you go with advanced trading accounts. Also, you will get plenty of educational material that helps you learn not only the basics but also some advanced trading concepts. I like the fact that Invest 505 has provided a lot of training right on its website by explaining the most common concepts. In addition to that, you can sign up with a paid account and learn from webinars, seminars, eBooks, and animated videos in the education center.
Final Thoughts
If you want to trade, you probably want to do it for the long haul. Since that’s an important requirement, you have to pick the broker that can support that dream. I think Invest 505 has the potential to do that and its features are definitely designed for traders to go a long way.