How to choose a trading account in Grand Capital?
We offer three Demo and six trading accounts with individual conditions and for different levels of training. Each has its perks, and it may be overwhelming to choose the best option. In this article, we’ll cover how to make a great choice for your work.
Set the requirements
First of all, define what financial goals and skills you have. The most important thing to do is to calculate an initial deposit you can afford. We offer options for any budget.
You may like to receive bonuses for depositing and daily rewards for active trading. Check the availability of such payments in advance and read our guide on how to profit from them.
Next, think about the trading conditions. What leverage would you need? The higher the leverage, the fewer funds you need. The speed and system of order execution affect the quality of your trading.
Look through the list of trading instruments. Each account type has its system for calculating swaps, commissions, and spreads – you can check them in the specifications.
If you are a beginner trader with little-to-no knowledge
For a beginner, it is important to gain experience and learn how to manage minimal trade volumes. Therefore, it would be easier to take the first steps with Demo accounts or a Micro trading account.
Demo accounts provide an opportunity to get acquainted with trading and study the basic platform features. A virtual deposit of $10,000 is already available when opening an account. These funds are enough for a beginner to start with conditions close to the real market.
A Micro account provides work in the real market with minimal investments. It’s a cent account, so when you deposit $10, you see 10,000 cents in the Balance. Here, you’re able to work with currency pairs and spot metals.
If you are an experienced amateur
Experienced traders are looking for the best trading conditions and are ready to experiment with trading instruments.
Multiply your results with bonuses for depositing and regular rewards for your active trading. Choose Standard or Swap Free accounts if you want to receive bonus payments, trade currencies, spot metals, CFDs on indices, commodities, and other instruments.
A Swap Free account keeps all the benefits of a Standard with zero swaps. It’s a special option for customers with special requirements.
If you’re trading in the crypto market, open a Crypto account. It’s the only account in Grand Capital where you trade only cryptocurrencies with leverage up to 1:10.
If you are a professional trader
Execution speed, functionality, and automation of processes are important for trading at a professional level. Therefore, professionals favour ECN Prime and Platform 5 accounts.
An ECN Prime account is best for scalpers and traders who use trading robots. It offers low commissions and spreads, instant execution of orders, and high liquidity.
An Platform 5 account is created specifically for trading in the Trading Platform 5 terminal. It allows you to use automated trading strategies and advanced analysis functions. When trading on this account, you choose your order execution system: Hedge or Netting.
Give it a try and combine
In Grand Capital, you can have up to 45 (!) active accounts or up to five accounts of each type. Seize the opportunity to try different instruments and trading platforms. We wish you profitable trading on any of the accounts you choose!
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