Open a broker account

Why a cent account, specifically

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") 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.

Where to open it

Both brokers below explicitly offer the account type Midas needs. RoboForex is the one we build and test against; Forex4you is a working alternative if you'd rather not use RoboForex.

Registration, step by step

1. Open the link above and register. Enter ztpwc in the "Promo code" / "Partner code" field on the sign-up form itself — don't leave it blank.
2. The broker creates your first trading account for you automatically.
3. In that account's settings, set: type Pro-Cent MT5 (RoboForex) or the MT5 Cent equivalent confirmed with Forex4you support, a real account, currency USD, leverage 1:2000 at RoboForex or the maximum your cabinet offers — and confirm the partner-code field is filled in again at this step.
4. Finish registration — the MT5 login, password and server name arrive by email.

Verification

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.

Deposit size

There is no single safe number — it scales with the base lot you plan to run and the grid depth you allow. See Risk, plainly for how deposit-per-0.01-lot relates to survival, and the settings page for what the grid's base lot and order count do.

Item	Value
Minimum deposit to start	$800–1,000 per 0.01 of base lot
Typical top-up trigger	when free margin drops below $900 per 0.01 of base lot — see the Risk page

After you open the account

• Write down the login, password and server name — you'll need all three to connect MT5, and again to connect the same account from the MT5 mobile app for monitoring.
• Deposit before installing the EA, not after — Midas needs an account balance to calculate lot sizing from the moment it's attached to the chart.
• Check the symbol name for gold on this specific broker — it's not always exactly "XAUUSD" (some brokers append a suffix). You'll need the exact name in the next step.
• Don't attach Midas to anything other than a cent (ProCent/Cent) account — on a standard account the same settings trade 100× the size and risk.