Knight Capital Review

Review

Knight Capital is an institutional grade Forex broker and certified ECN broker providing direct interbank market access to Forex traders on the MetaTrader 4 (MT4) platform. Knight Capital is located in Helsinki, Finland and has received multiple awards at the esteemed Shanghai Forex Expo in Asia and for the best Forex execution from TheForexAwards.com. www.knightcapitalmarkets.com is operated by Knight Capital Markets Ltd in St. Vincent & the Grenadines.

Accounts

There are several ways to set up an account at Knight Capital: Individual, Joint, Corporate and Super Trust accounts. Each account has different legal requirements but can be set up with ease by filling out an online form and specifying the appropriate account. All accounts require a minimum deposit of $500, are entitled to leverage up to 500, and  have spreads starting at 0.1. Traders can trade 54 different currencies and metals.

Knight Capital Leverage

There are no hidden costs or fees for setting up an account and each account can be used as an Islamic account with no overnight interest accumulated in accordance with Sharia laws.

Knight Capital offers a 30-day MetaTrader 4 Practice Account which is an exact mirror of the live trading environment. It showcases the same cutting-edge direct interbank market spreads and execution their live traders enjoy.

Features

Knight Capital prides itself  on offering its clients several  features including low Interbank ECN spreads, Direct Interbank Markets Access,  Straight Through Order Processing (STP), ultra-fast Institutional execution, no requotes and no order rejections.

As the proud recipient of the Best Security of Client Funds Award from the 2014 Shanghai Forex Expo in Asia, Knight Capital offers fully segregated client accounts with all funds held in leading AA-rated investment grade banks. There is no regulation, however.

Trades in the Forex market are settled in two business days from their entry date. There is a clear swap rate table that shows the swap rate for each individual currency pair.

Knight Capital Swap Rates

Gold and Silver can also be traded. The average spreads on spot gold is 0.50 per ounce; the average spread for spot silver is 0.15 per ounce.

Deposits/Withdrawals

Funds can be deposited into Knight Capital accounts via credit cards, bank wires and Union Pay. Bank wires take up to three days to clear; credit cards are processed overnight.

Withdrawals are made by filling out an online form and are typically processed within 1 business day of their receipt.

Withdrawals may only be sent to the bank account held in the same name(s) as the Knight Capital trading account holder. Knight Capital does not process withdrawal payments to third-parties.

Partnerships

The Knight Capital white label program is designed for start-ups and existing brokerages. Full white label partners maintain total control and transparency over their client management infrastructure. Traders have access to deep liquidity and market leading spreads starting at 0.0 pips. There are volume-based commission charges and customizable trading conditions.

Knight Capital also offers an Introducing Broker (IB) program. Introducing Brokers receive unlimited remuneration for their referred clients’ accounts and respective trading volume. Other features include an attractive rebate program, personal IB account managers, volume commissions in real-time, a full suite of marketing material in multiple languages and advanced cookie tracking and web reporting.

The Money Manager program combines industry-best market pricing alongside superior MAM/PAMM technology and an ability to fully customize trading conditions specific the manager’s client base including spread and commission mark-ups, performance fees, trading leverage, margin call/stop out levels and account denominations.

Commissions are credited to a live trading account in real-time as trading occurs on the MAM/PAMM and Money Managers can add or remove funds from their MAM/PAMM at any time without affecting trading activity.

Customer Support

Traders can reach a Knight Capital customer representative by telephone at the main office in Helsinki or with toll free numbers in at their offices the U.K., Germany, Hungary, Singapore, Australia, France, Malyasia, Canada, Italy and New Zealand. Support is provided 24/5 and live Chat is available during working hours. Email contact is also available.

Education

Although there is no mention of any analysis or other educational material, I did find some items mentioned within the descriptions of the trading platforms. These included advanced charting packages and technical analysis, full use of all Expert Advisors, built-in indicators to analyze all market movements,  real-time data export, price alerts and trading signals, charting tools, access to an Economic Calendar and online market news.

Despite these features, there were still several missing such as a glossary, daily or weekly news analysis and there were no instructional matter whatsoever.

Conclusion

Knight Capital is an upcoming Forex and ECN broker that offers trading  using the popular MetaTrader4 trading platforms in various different versions. Accounts can be set up in several different ways but all the accounts are pretty much the same in features and benefits. Not too much detail was given regarding each account.

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Features

The best feature at Knight Capital is the choice of platforms. The MetaTrader 4 is certainly the most popular trading platform in the Forex industry today and the fact that it is offered in its various formats gives this broker an edge over many other brokers in the field. Traders have the ability to trade with the MT4 platform from wherever they are and whenever they wish to do so. The addition of the MetaTrader 5, the newest version of the platform puts Knight Capital ahead of all the rest.

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Platforms

MetaTrader 4

Knight Capital provides its clients the ability to trade Forex and spot metals via the award-winning MetaTrader 4 (MT4) platform. MetaTrader 4 is the world’s most popular front-end trading application for Forex traders as a result of its simplicity of use, abundant features, and automated trading functionality.

The Knight Capital MT4 ECN connectivity allows its clients to trade this institutional tier liquidity via the world’s leading investment banks, hedge funds, dark pool liquidity and other non-bank liquidity providers. Streaming interbank prices are sent from Knight Capital liquidity providers to our ECN trading environment whereby clients can trade with no dealing desk, price manipulation or re-quotes.

MetaTrader 5

Knight Capital offers the MetaTrader 5 (MT5) demo platform. MT5 is the long awaited update to MetaTrader 4 released by MetaQuotes. MetaTrader 5 is a completely new and improved trading platform with a host of new features including one-click trade execution, Expert Advisors, MQL5 Wizard for easy creation of EAs, Buy Stop Limit and Sell Stop Limit, 21 timeframes, 38 built-in technical indicators, 39 graphical objects and a number of MQL5 indicators and more.

MT4 for iPhone, IPad, Android

Knight Capital allows its clients to trade using the MetaTrader 4 platform suitable for all mobile devices. Some of the features include real-time streaming quotes, technical analysis and charting tools, interactive charts with zoom and scroll, access to Economic Calendar and online market news, ability to trade directly from the chart, receive internal mail alerts, 30 technical indicators, 7 timeframes, 3 chart types and others.

MT4 for Mac

Knight Markets has developed a custom MetaTrader 4 for Mac application which allows Mac users to take advantage of the full-suite of features MetaTrader 4 offers without the need to install multiple operating systems.

FIX API solution to institutional and high volume clients who seek to obtain access to market leading liquidity in a cost-effective manner.

FIX API

The Knight Capital FIX API allows direct market access to our clients familiar with FIX protocol. FIX API clients benefit from Knight Capital existing liquidity and super low latency aggregation technology. The price feed enables clients with proprietary trading systems to enjoy Direct Market Access (DMA) via FIX protocol.

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