Knight Capital Is An Institutional Grade Forex Broker And Certified ECN Broker That Provides Direct Access To The Interbank Market For Forex Traders On The MetaTrader 4 (MT4) Platform. Located In Helsinki, Finland, Knight Capital Has Won Several Awards At The Prestigious Shanghai Forex Expo In Asia And Has Received The Best Forex Execution Award From TheForexAwards.com. Www.knightcapitalmarkets.com Is Operated By Knight Capital Markets Ltd In Saint Vincent And The Grenadines.
Account
There Are Several Ways To Open An Account With Knight Capital: Individual, Joint, Corporate And Super Trust Accounts. Each Account Has Different Legal Requirements, But Can Be Easily Set Up By Filling Out The Online Form And Specifying The Appropriate Account. All Accounts Require A Minimum Deposit Of $500 And Are Entitled To Leverage Up To 500 With Spreads Starting From 0.1. Traders Can Trade 54 Different Currencies And Metals.
There Are No Hidden Costs Or Fees To Open An Account. Each Account Can Be Used As An Islamic Account. According To Sharia Law, There Is No Need To Accumulate Overnight Interest.
Knight Capital Offers A 30-day MetaTrader 4 Demo Account, Which Is An Exact Mirror Of The Real-time Trading Environment. It Showcases The Same Cutting-edge Direct Interbank Market Spreads And Executions That Their Live Traders Enjoy.
FEATURES
Knight Capital Prides Itself On Offering Multiple Features To Its Clients, Including Low Interbank ECN Spreads, Direct Interbank Market Access, Straight-through Order Processing (STP), Ultra-fast Institutional Execution, No Re-quotes, And No Order Rejections.
As An Honorary Recipient Of The Best Client Funds Security Award At The Shanghai Forex Expo Asia 2014, Knight Capital Offers Fully Independent Client Accounts With All Funds Deposited With Leading AA-rated Investment Grade Banks. However, There Is No Regulation.
Trades In The Forex Market Are Settled Within Two Business Days From The Date Of Entry. There Is A Clear Swap Rate Table Showing The Swap Rate For Each Currency Pair. Gold And Silver Can Also Be Traded. Spot Gold Has An Average Spread Of 0.50 Per Ounce; Spot Silver Has An Average Spread Of 0.15 Per Ounce
Deposit/Withdrawal
Funds Can Be Deposited Into A Knight Capital Account Via Credit Card, Bank Telegraphic Transfer And UnionPay. Bank Telegraphic Transfers Take Up To Three Days To Settle; Credit Cards Are Processed Overnight.
Withdrawals Are Made By Filling Out An Online Form And Are Usually Processed Within 1 Business Day Of Receipt.
Withdrawals Can Only Be Sent To A Bank Account With The Same Name As The Holder Of The Knight Capital Trading Account. Knight Capital Does Not Process Withdrawal Payments Made To Third Parties.
Conclusion
Knight Capital Is An Upcoming Forex And ECN Broker That Trades Using A Variety Of Different Versions Of The Popular MetaTrader4 Trading Platform. Accounts Can Be Set Up In A Number Of Different Ways, But All Accounts Are Almost Identical In Terms Of Functionality And Benefits. Not Much Detail Is Given About Each Account.
