If you are a beginner and want to be successful as a trader, you will have to stick to the most commonly given advice from trading experts. Almost all of them agree that you should diversify your portfolio, which means you should invest in many different markets, and also assets for that matter. To do that, you have to pick a platform where you can invest in many markets and assets. There is one with such an asset index and in this Invest 505 review, you will know about it.
Let’s take a look at its asset index and many other features that help you diversify your portfolio without too much fear. So, let’s get into this review of Invest 505.
Trade Thousands of Assets
So, let’s begin by talking about the most important thing in helping you with diversification. You can’t add more assets to your portfolio if they are not available in the first place. Invest 505 will give you enough to try and test, and then become an expert at trading those assets. You have forex currency pairs available for trading and you can also trade the stocks of the best companies in the world, such as Google, Microsoft, Samsung, Amazon, etc. You can also trade these assets in bundled form when you enter the indices market.
Further additions into your portfolio are possible when you enter commodities. Traders love this category because they can find many types of assets in it. You have precious metals, such as gold and platinum, and energies for trading, such as crude oil. Last but not least, you can trade Bitcoin, Ripple, Ethereum, and many other crypto coins when on this platform. You can see how much opportunity you have of diversifying your trading portfolio here.
Begin with a Small Deposit
Now, in order for you to reach such an impressive asset index, you have to have a trading account first. Gone are the days when you had to spend thousands of dollars to open a trading account. Today, you can begin with a small amount that even a student can easily afford. A small deposit makes sure you are able to test the market before you go all in. So, you have 8 account types from which Regular is the most basic trading account. Despite being a basic trading account, it gives you access to more than 200 assets from 5 different asset classes.
The most important part that you should know here is that you can deposit just $250 to activate this account. Such an affordable account is definitely a great invitation for traders around the world to begin trading as soon as possible. All the education and training material you need will be accessible to you with this basic trading account. It does not require you to spend a lot of money and still gives you access to some great trading resources.
Fee Discounts and Tight Spreads
Even if you have been able to open a trading account with a small amount of money and you have thousands of assets available for trading, you can’t diversify your portfolio if the fees are too high. Yet again, Invest 505 proves that it understands its traders really well and offers them exactly what they could ask for. So, if you look at the account types, you keep getting bigger discounts on fees as you go higher in accounts. Furthermore, the spreads are kept very tight. With some of the tightest spreads in the market, Invest 505 opens doors for you to trade as many assets as possible.
You can see that this broker has to offer a lot more than just an expansive asset index to allow you to diversify your trades. It keeps its fees low, takes very low spreads, and has all of it available for you with a trading account that requires no more than $250 for you to start.