Account Types & Group Management Flashcards
Certificate (21 cards)
What are the three main account types in MT5?
Preliminary, Demo, and Real.
Which account type is automatically created from client terminals before full registration?
Preliminary.
What is required to convert a preliminary account into a real one?
Move it to a real group.
What is the purpose of a demo account in MT5?
It simulates trading conditions without real funds.
Where is demo account behavior configured in MT5 Administrator?
In the Allocations section.
Which accounts are automatically bound to a client record?
Preliminary and Demo.
Can you trade real funds with a demo account?
No.
Which type of account is used for testing strategies?
Demo account.
Can a real account be created directly from the terminal?
No, only preliminary/demo accounts.
What type of account is required to complete KYC verification?
Preliminary (before converting to Real).
What defines account behavior and access in MT5?
Account group settings.
Where do you configure available leverage, trading permissions, and reports?
In group settings via MT5 Administrator.
Can different groups have different base currencies?
Yes.
What happens if you move an account to a group with a different currency?
The move is not allowed.
Where can you set allowed instruments per group?
Group settings → Symbols tab.
What is the default behavior if both Admin and White Label settings define group availability?
Admin settings take priority.
What setting in the group defines if an account can open trades?
Enable trading” flag.
Can account groups be used to assign Finteza analytics tags?
Yes, via account metadata.
Can groups restrict market depth visibility?
Yes.
What setting controls if trading is allowed outside trading hours?
Group’s Time Settings.
