KNGX
Account type
Standard account
The all-round account for day-to-day trading. No commission, everything in the spread, and one number to think about. For the great majority of discretionary traders holding positions for minutes to days, this is the account that makes the arithmetic simplest and the total cost lowest.
$100Minimum deposit
0.9 pipsSpread from
NoneCommission
1:1000Max leverage
Specification
What you are getting
| Minimum deposit | $100 |
|---|---|
| Spread from | 0.9 pips |
| Commission | None |
| Maximum leverage | 1:1000 |
| Execution | Market execution, median fill under 40 ms |
| Expert advisors | Allowed, no restrictions on frequency |
| Hedging | Allowed |
| Scalping | Allowed |
| Platforms | MetaTrader 4, MetaTrader 5, KNGX mobile app |
| Stop-out level | 20 per cent |
| Margin call | 50 per cent |
Typical values under normal market conditions. Spreads widen around news, rollover and at thin hours on every account type.
Fit
Choose this if
- You hold trades for more than a few minutes, where a fractionally wider spread costs less than a per-lot commission.
- You want one number to model rather than two.
- You trade a mix of instruments and do not want a different cost structure on each.
Honestly
Choose something else if
- If you scalp, the spread is charged on every one of your many trades and a raw account will be cheaper.
- High-frequency expert advisors will usually test better on Pro.
- Spread-only pricing hides the cost inside the fill, which some traders find harder to audit.
Other accounts
The other two
Try it on a demo of the same type
A demo of the account you intend to fund teaches you the right costs. A demo of a different one teaches you the wrong ones.