Midas needs a cent hedging account on MetaTrader 5 with gold (XAUUSD) available — on a standard account the same grid needs 100× more money. The requirement is the account type, not a particular broker; two brokers that offer it are shown below as examples.
MidasXAUUSD, available in Market Watch (some brokers add a suffix to the name).On a standard account gold is priced in full lots — 1 lot = 100 oz — so the grid's fixed step size needs 100× more deposit to run at all. A cent account (RoboForex calls it "ProCent", Forex4you calls it "Cent Pro") prices the same lot 100× smaller — that's what lets Midas run a full grid on a few hundred dollars instead of tens of thousands.
Midas also needs to hold an order on each side of the market at once once the lock arms — that requires a hedging account, a specific choice on MT5 (not netting). Beyond that, the property that matters is cent vs. standard.
The two brokers below are examples that offer this account type, not a recommendation: other brokers may offer the same type. Compare the account specification (MT5, hedging, cent, XAUUSD) before you register, and check that the broker accepts clients from your country.
Account type to choose: ProCent (Pro-Cent MT5).
Open a RoboForex account (ProCent)
Partner code: — copy it, you'll enter it twice — see the steps below.
Forex4you's account is called Cent Pro and is available on MT5 — when opening it, choose the type "Cent Pro - MT5". It adds a commission of 7 cents per cent lot on top of the narrow spread (RoboForex ProCent has none); after opening, check that MT5 shows "Hedge" next to the account number.
Referral links: we may earn a commission, your price does not change. Before you register, check that the broker accepts clients from your country.
These brokers also offer a cent account on MetaTrader 5. We have not tested Midas on them yet — before you deposit, open a demo and check: hedging is enabled, gold is available (the symbol may have a suffix, e.g. XAUUSDc), and the broker allows at least 30 open orders at once. Plain links, no referral.
XAUUSDc; some servers limit open orders to 100–200, pending orders included. exness.comztpwc — brokers usually allow this within a limited window after registration.Confirm your email and phone number, then upload a colour scan of your passport (or ID) and a recent utility bill or bank statement for your address — review usually takes up to 2 business days. Do this before you plan to deposit; it's the one step you can't rush at the last minute. Once RoboForex verifies you, ask their support to enable swap-free — the grid holds orders for hours, and regular swap eats into it.
There is no recommended amount. The balance you need scales with the base lot you plan to run, the number of orders, the step and the leverage; check your own settings in the grid calculator. See Risk, plainly for what a balance can and cannot protect, and the settings page for what the grid's base lot and order count do.
| Item | Value |
|---|---|
| How much to start with | No fixed amount: it depends on the base lot, the number of orders, the step and the leverage — work it out in the grid calculator |
| When to top up | when the room to stop-out that the calculator shows for your settings is thinner than you are willing to accept — see the Risk page |