Since the margin level is an important factor that needs to be considered, Grand Capital encouraged their trader to pay attention for their convenience.
Grand Capital broker is a forex and binary options broker from Russia that has been around since 2006. There are five types of trading accounts that traders at Grand Capital can choose from, namely Micro, Standard, Options, ECN, and Swap Free accounts (especially for Muslim traders).
Reporting from its official page, the broker Grand Capital announced that there was a change in margin levels on the Standards, ECN, and MT5 accounts. This policy is effective from 30 July 2020.
Here are the details of the latest Margin Trading Level applied from Grand Capital:
Margin level was reduced to 1% for symbols in MT4-based Standard accounts: EURNOK, EURSEK, EURSGD, NZDSGD, USDDKK, USDHKD, USDMXN, USDNOK, USDSEK, USDSGD, USDZAR, CHFSGD, EURHKD, EURZAR, GBPDKK, GBPNOK, GBPSEK, GBPSGD, USDCNY, GOLDEUR, SILVER, SILVEREUR.
Margin level was reduced to 1% for symbols in MT4-based Standard accounts: EURNOK, EURSEK, EURSGD, NZDSGD, USDDKK, USDHKD, USDMXN, USDNOK, USDSEK, USDSGD, USDZAR, CHFSGD, EURHKD, EURZAR, GBPDKK, GBPNOK, GBPSEK, GBPSGD, USDCNY, GOLDEUR, SILVER, SILVEREUR.
Apart from the number of balances, lots, and the amount of leverage, the amount of margin level is something that needs to be considered by traders before setting up a strategy and opening a trading position. With a lower margin level, traders have the opportunity to open more positions before being hit by a margin call.
Grand Capital is a broker that provides a platform on MetaTrader and web trader. The instruments to choose from consist of 300 forex pairs, cryptocurrencies, to commodities. Further information about the Grand Capital broker can be found on the review page.