Having been in the forex business for thirteen years, Grand Capital appears to be a legitimate online broker. However, there are a number of reasons to be cautious. The broker has a data centre in Hong Kong and offices in Nigeria, Kenya, Myanmar, Indonesia, South Africa, Philippines and Malaysia. These locations ensure that clients can reach Grand Capital with minimal effort. There are two main types of accounts offered by Grand Capital. These are the Standard and Micro account. For the Standard account, Grand Capital offers leverage of up to 1:500. The broker also provides a range of assets for its clients to trade including stocks, currency pairs, crypto currencies and indices.
The website has a number of features that will appeal to novice traders. These include the company’s economic calendar, FX terms glossary, and a trading calculator. The site is also home to a variety of local phone numbers in a number of countries. The grand capital review is a great source of information on their products and services. They have a number of educational materials, including ebooks, videos and articles.
The site also features a callback service and a daily market news feed. The Grand Capital website is open to visitors 24 hours a day, 7 days a week. This is a good indication of the service’s dedication to customer satisfaction. Aside from the site’s features, Grand Capital has an array of giveaways to attract new clients. This includes the “Grand Capital Prize”, which is a 40% deposit bonus, and a “payback” reward for frequent traders. This is in addition to a VIP package, which comes with a 10% refund on any unsuccessful trades. MT5 brokers for new traders offer a wide variety of markets. They can trade CFDs, stocks, commodities, and indices. They may also offer forex products.
While most brokers offer free demo accounts, a few charge trading fees. Before you sign up for a broker, check what these charges are. This can help you avoid paying high commissions. You can even find brokers that accept apps such as PayPal. MetaTrader 5 offers algorithmic trading and all-in-one concepts. You can trade from anywhere with your phone, laptop, or tablet. The software is available for both Windows and Mac. You can open hundreds of charts at a time. There are several different account types, including raw, standard, and ECN. You can choose from more than 60 forex pairs and more than 10,000 CFDs. You can get leverage of up to 1:30.
AvaTrade is one of the most popular best mt5 brokers. They have over 200,000 clients and over two million trades a month. The brokerage offers all major and minor currency pairs, as well as CFDs, bonds, indices, commodities, and crypto. AvaTrade has competitive spreads starting at 0.9 pips and no commissions. They accept credit/debit cards and bank wire transfers. They offer trading on over 1,250 international markets. They also offer a mobile app and desktop download. If you are a beginner, FP markets can be overwhelming. They offer an array of educational tools, excellent liquidity, and ECN pricing. They offer five different pricing plans.
Using the correlation of currency pairs to offset gains and losses in your trade is a useful tool for forex traders. The correlation is a measurement of how well pairs move in the same direction or in the opposite direction. However, the correlation does not account for the magnitude of price movements. It can be used to find entry signals for positions and to confirm trades. To create a correlation, traders can use the data from two or more pairs. Each pair may have a positive or negative correlation. Positive correlations move in the same direction as the other pair.