Grand Capital offers MT5 - a new classic

27 May, 2020

Grand Capital offers seven types of trading accounts to clients, each has different conditions, instruments, and fees. MT5 account deserves special attention: the central idea behind this account type revolves around employing the cutting-edge MetaTrader 5 platform. Let’s explore its features and look at feedback.

Even after MetaQuotes released the new terminal MetaTrader 5 a few years ago, most users continue to use the familiar previous version. MetaTrader 4 is considered a classic among similar trading platforms, and rightly so. That’s why we wanted to give special attention to MT5 and highlight its main features available at Grand Capital: the account includes both the classic terminal’s advantages and some useful new features. How is it not a new classic?

Trading conditions


Thanks to the access to a prime broker, MT5 account has high liquidity, which allows offering spreads of 0.4 for the most liquid instruments, which is below the average market values. Over 450 trading instruments are available on the account, which is a bit fewer than the total on all accounts that use MetaTrader 4. Along with currency pairs, available instruments include CFDs on stocks, metals, energy and agricultural commodities, cryptocurrencies. Flexible order execution settings prevent requotes and minimizes the possibility of slippage.

Leverage up to 1:100 is floating. The technology changes the amount of leverage during trading in proportion to the number of open trades. Usually, the value is reduced to curb the risk of a deposit overrun.

MT5 at Grand Capital is also attractive due to small fees: from 0.1% depending on the instrument.

Netting or hedging?


Both. When opening an account, traders can choose either of the two accounting systems. Netting is a classic system where open positions for buying and selling the same instrument overlap and close. Hedging allows opening as many positions as you like for the same instrument in different directions.

There are advantages to both systems. For example, if an open position enters a drawdown, you can always correct the situation by averaging out. The opening price of the first-order changes after the next one is opened, the drawdown decreases, which means you’re more likely to close all drawdowns and make a profit.

Hedging is suitable for traders who simultaneously use different strategies with the same instruments, as well as for those who use locking when the price goes in the opposite direction.

MetaTrader 5 trading terminal


The trading terminal on MT5 accounts has the same features as MetaTrader 4, but it’s more versatile and possesses extensive capabilities, allowing to create your own algorithms. The platform includes an economic calendar, an improved chart with 21 timeframes, and a number of indicators that weren’t present in the previous version.

One of the main advantages is the ability to use not only built-in analytical resources, such as MT5 tables, indicators and charts, but also to create your own technical indicators. This is possible thanks to the MQL5 programming language, created specifically for trading.

Thanks to the extensive development toolset, traders can create trading robots or expert advisors (EA) and get very accurate market analysis and forecasts.

For several years now, traders have been reluctant to move from the familiar MetaTrader 4 to MT5. But after the transition, it turns out that a slightly different design and additional features won’t prevent you from learning your way around the new platform in a couple of minutes, provided you have the experience of trading in the previous version.


Source  
Choosing a trading account. Comparison of accounts15 Feb, 2021  

The client's personal account opened with a brokerage company is called a trading account. It's used to make all transactions on the market. Today, we're going...

New margin requirement for silver2 Feb, 2021  

Due to the increased volatility of silver, the margin requirement for all instruments involving silver will be raised by 20% starting from 1APM (server time) on February 2nd...

Installing MT4 and MT5 on macOS is now easier4 Jan, 2021  

The developers of MetaTrader 4 and MetaTrader 5 have released full-fledged macOS installers for these terminals. This means that installing the popular platform...


Grand Capital: 2020. the year in review30 Dec, 2020  

Dear clients and partners! On behalf of the entire Grand Capital team, we wish you a merry Christmas and a happy New Year! 2020 was not an easy year for all of us...

Merry Christmas and a happy New Year!28 Dec, 2020  

In these challenging times, the support of loved ones is more important than ever. We're grateful for your trust, and we're always there to help you on your financial journey...

The new Grand Capital website is here4 Dec, 2020  

We're exited to share with you the completely new design of our website that we prepared for our anniversary! We hope you like how it looks, and find it more useful...


Current investment portfolio extended for the next quarter26 Nov, 2020  

Early in the autumn, we announced the new quarterly investment portfolio for September-November 2020. We'd like to inform you that we are extending the life of this...

Volatility Index (VIX) now available for trading19 Nov, 2020  

Grand Capital clients now have access to another popular trading instrument: VIX CFD, available for trading on Standard and Swap Free accounts...

Optimization of CFD and Forex Metals categories10 Nov, 2020  

Please be advised that optimization of symbols in CFD METALS and FOREX METALS categories will be initiated on November 19th. CFD METALS will become...

Top 10 Forex Brokers 2021

200+ Forex Brokers
Top 10 Profitable Forex Advisors
The Most Profitable Forex Advisors

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the Top 10 Forex Advisors including Equilibrium, Excalibur, Night Owl...

Top 10 Forex Advisors 2021

Forex Advisor Yield, %
1Flex300
2Fortnite135
3FX Classic Trader335
4Happy Frequency1163
5FX BlasterPRO180
6Trade Manager65.39
7FXCharger77.31
8Forex Truck246
9Alfa Scalper49.36
10XFXea180
All Forex Advisors
TOP 10 Best Forex Trading Platforms
Best Forex Platforms 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets...

Top 10 Forex Platforms 2021

All Forex Platforms