Launched in April 2024, 50K is a cutting-edge mobile app that allows you to trade and invest in thousands of global markets. It is based in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), currently catering to European clients. Trading and investing accounts are separated, and you can easily toggle between them.

Let’s take a look at the two account types within the app.

50K Key Benefits

  • Global and US Markets: Europeans can access both global and US markets within a single app.
  • Cost-Efficiency: 0% commissions on US stocks, with no maintenance or foreign exchange (FX) fees.
  • Earn Interest: Earn 4.2% interest on your uninvested EUR with daily collection.
  • Low Entry Barrier: Start trading or investing with as little as €1.
  • User-Friendly Experience: Easy account opening process and a simple interface for seamless use.

Look and Feel

The 50K app has an intuitive, beginner-friendly design while still being feature-rich. It includes standard order types (market, limit, and stop-loss) and popular features like trading directly from the chart.

The app features a watchlist, live position tracking, account management and advanced order entry capability. Thematic watchlists, like risers, fallers, most bought, most sold, give traders ideas for instruments to track for potential trading opportunities.

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Traders can benefit from analyst ratings and trader sentiment tools that display the percentage of buyers and sellers for a given instrument. Another useful feature is price alerts, which notify traders when an instrument reaches a specific level.

50K features state-of-the-art charting from industry leader TradingView. If you expand the charts, you can view them in full size horizontally. The charts feature a wide range of time frames, chart types, indicators, and drawing tools, allowing traders to easily do their analysis while on the move.

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The app is available in nine languages: Danish, Dutch, English, Spanish, French, Italian, Hungarian, Norwegian and Polish. For an additional layer of security, users can connect Google and Facebook as authentication methods.

Investing Account (Real Shares)

For long-term investing, 50K offers over 5,500 real stocks and ETFs from US and European exchanges. Fractional share trading is available, allowing you to invest in companies without purchasing the full share. Shares and ETFs can be traded on 24/5 with no commissions.

In the Invest Account, there are no buy/sell fees on US stocks and ETFs. A 0.1% fee applies for European stocks and ETFs. Aside from the spread, there are no account maintenance or currency conversion fees.

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Trading Account (CFDs)

The trading account offers CFDs on over 1,000 financial instruments, including forex, indices, shares, commodities, and cryptocurrencies. Like futures and other derivative financial instruments, CFDs allow traders to speculate on price movements without owning the underlying asset.

At 50K, you can start trading with a minimum deposit of just €1. A 1:30 maximum leverage is available for certain instruments, meaning that with a €1,000 balance, you can control positions worth up to €30,000 in the market.

The Trade Account has no commissions for trading CFDs; costs are incorporated into the spread. Additionally, there are no buy/sell fees, currency conversion fees, or account maintenance fees.

Demo Account

Demo accounts are especially important for beginners as they allow them to practice their strategies and get comfortable with the app without risking real money. 50K offers a free demo account with live quotes simulating real market conditions. Once users are up to speed on a demo, they can easily switch to a live account.

50K app

Funding and Withdrawal

Clients can easily deposit and withdraw funds via debit/credit card, Apple/Google Pay, and wire transfer. There are no deposit or withdrawal fees, except for bank wire withdrawals of under €500, when a €10 fee is charged.

Trust and Stability

50K is authorized and regulated by CySEC, which guarantees various client protections. Here are the most important safety measures that 50K provides:

  • Segregated Funds: Client funds are held in a segregated account, away from the company’s operational funds.
  • Negative Balance Protection: 50K protects its clients from losing more money than their initial deposit.
  • Compensation Scheme: 50K provides the Investor Compensation Fund (ICF) that insures client accounts for up to €20,000 in the event of broker insolvency.

Our Verdict

50K is an exciting app catering to a new generation of market participants. Whether you want to speculate in instruments as diverse as soybeans, silver, or the Swiss Franc, you can seamlessly do so through 50K’s well-designed and easy-to-navigate interface.

You don’t need to switch apps to manage a long-term portfolio of real shares and ETFs. Simply flip to the Invest Account and handle everything within 50K. Trading and account-related fees are rock-bottom. Best of all, your idle funds are always working for you, with highly competitive interest rates.