Cent account forex

As implied by the title, a cent account deals with (yes, you guessed it) cents.

Free forex bonuses

Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts, the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents. 1 NGN accounts are only available to clients in nigeria.

Cent account

As implied by the title, a cent account deals with (yes, you guessed it) cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents.

At forextime (FXTM) the cent account is available on standard MT4 accounts and for those wishing to test it out first, we've developed a demo version of the account too.

Why open a cent account?

With a minimum deposit of only USD 10, our cent account provides quick and easy access to the markets and live trading

Traders can test their expert advisors without spending large sums of money to do so

Cent accounts are ideal for newbies - they give a taste of forex trading with real funds and insight to the psychology behind the experience, with a much lower risk

The advantages of a cent account help create more windows of opportunity in a simpler trading environment

What's the philosophy behind it? The cent account has been designed for small depositors and newcomers to the forex industry. It's most suitable for those who wish to trade with a lower deposit and grants access to the markets to all those who want to trade but cannot risk losing too much. Furthermore, it acts as a smooth shift from demo accounts to real accounts as it gives traders the chance to become familiar with using a forex account before trading with large sums of money.

Account specifications

trading platforms

metatrader 4

account currency

US cent / EU cent / GBP pence / NGN kobo 1

leverage / margin req.

Fixed 15 from 1:1000 - 1:25 (FX), 1:500 -1:25 (spot metals) 12

maximum deposit

minimum deposit

$/€/£ 10 / ₦2 000 1

commission

order execution

instant execution

spread

from 1.5 3

margin call

60%

stop out

40%

swap-free

limit & stop levels

1 spread

pricing

5 decimals for FX (3 on JPY pairs), spot metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD

trading instruments

majors, minors — 25 spot metals — 2

minimum volume in lots per trade

0.01

micro lot (0.01)

mini lot (0.1)

standard lot (1)

step lot

0.01

maximum volume in lots per trade

1 12

maximum number of orders

300

maximum number of pending orders

100

1 NGN accounts are only available to clients in nigeria.

3 spreads are floating and they may increase during specific periods of the day depending on the market conditions.

12 please bear in mind that the company may at its sole discretion switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every friday if any positions are opened, closed or modified on a standard MT4 or cent MT4 account. However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. Moreover, kindly note that the company may extend these amendments for as long as it deems necessary after the market opening, by providing the client with prior written notice.

13 on cent server 1 lot size is 0.01 standard lots or 1,000 units. The maximum volume per trade on our cent server is 100 cent lots which is equal to 1 standard lot or 100,000 units.

15 cent accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your myfxtm.

Trading accounts overview

Trade with FXTM

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Policies & regulation

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FXTM brand is authorized and regulated in various jurisdictions.

Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.

Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.

Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.

Card transactions are processed via FT global services ltd, reg no. HE 335426 and registered address at ioannis stylianou, 6, floor 2, flat 202 2003, nicosia, cyprus. Address for cardholder correspondence: backoffice@fxtm.Com. Business location address: FXTM tower, 35 lamprou konstantara, kato polemidia, 4156, limassol, cyprus.

Exinity limited is a member of financial commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.

Risk warning: trading forex and leveraged financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full risk disclosure.

Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, brazil, the occupied area of cyprus and hong kong. Find out more in the regulations section of our faqs.

Roboforex cent (micro) accounts

The best way to enter the world of real trading.

Minimum deposit - 10 USD

Minimum spread from 1.3 pips

open micro account

Choose your roboforex cent account

The main distinctive feature of cent (micro) accounts is that they use 100x denominated monetary units of the base currency (US cent, EU cent, etc.), while the trading conditions are equal to those for standard accounts. Just deposit 10 USD to your cent account to get 1,000 US cents. As a result, this account types will be excellent not only for beginner traders, but for professionals as well, because it may help them to test new trading strategies or expert advisors in market conditions without any significant financial investments.

Trading platforms and terminals	trading platforms and terminals
minimum deposit	minimum deposit 10 USD / 10 EUR / 100 CNY
account currencies	account currencies USD, EUR, GOLD, CNY
quotes	quotes extended (5 digits after comma)
minimum order volume (lots)	minimum order volume (lots) 0,1 for MT4, 0,01 for MT5
maximum order volume (lots)	maximum order volume (lots) 10,000
maximum number of positions for MT4 accounts	maximum number of positions 200
maximum number of open positions for MT5 accounts	maximum number of open positions for MT5 accounts 1000
maximum number of active orders for MT5 accounts	maximum number of active orders for MT5 accounts 500
minimum step volume	minimum step volume 0,01
bonus programs	bonus programs

More than 20 ways to deposit funds

Security of client's funds

Experienced racers with more than 60,000 off road kilometers in europe, africa, and australia under their belt.

A many-time thai boxing world champion, an experienced trainer, and an honored master of sports.

Roboforex ltd is an international broker regulated by the IFSC, license no. 000138/107, reg. Number 128.572.

Risk warning: there is a high level of risk involved when trading leveraged products such as forex/cfds. 58.42% of retail investor accounts lose money when trading cfds with this provider. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. Roboforex ltd and it affiliates do not target EU/EEA clients. Roboforex ltd and it affiliates don't work on the territory of the USA, canada, japan, australia, bonaire, curaçao, east timor, liberia, saipan, russia, sint eustatius, tahiti, turkey, guinea-bissau, micronesia, northern mariana islands, svalbard and jan mayen, south sudan, and other restricted countries.

At roboforex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a civil liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.

Cent account

At forextime (FXTM) the cent account is available on standard MT4 accounts and for those wishing to test it out first, we've developed a demo version of the account too.

Why open a cent account?

With a minimum deposit of only USD 10, our cent account provides quick and easy access to the markets and live trading

Traders can test their expert advisors without spending large sums of money to do so

Cent accounts are ideal for newbies - they give a taste of forex trading with real funds and insight to the psychology behind the experience, with a much lower risk

The advantages of a cent account help create more windows of opportunity in a simpler trading environment

Account specifications

trading platforms

metatrader 4

account currency

US cent / EU cent / GBP pence

leverage / margin req.

Leverage is set based on the trading instrument and limited with 1:30 max. Refer here for more info.

Maximum deposit

minimum deposit

$/€/£ 10

commission

order execution

instant execution

spread

from 1.5 3

margin call

80%

stop out

50%

swap-free

limit & stop levels

1 spread

pricing

5 decimals for FX (3 on JPY pairs), spot metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD

trading instruments

majors, minors — 25 spot metals — 2

minimum volume in lots per trade

0.01

micro lot (0.01)

mini lot (0.1)

standard lot (1)

step lot

0.01

maximum volume in lots per trade

1 12

maximum number of orders

300

maximum number of pending orders

100

1 leverage is offered based on your knowledge and experience. The leverage / margin requirements may be subject to change as a result of applicable regulations in your country of residence.

3 spreads are floating and they may increase during specific periods of the day depending on the market conditions.

12 on cent server 1 lot size is 0.01 standard lots or 1,000 units. The maximum volume per trade on our cent server is 100 cent lots which is equal to 1 standard lot or 100,000 units.

Trading accounts overview

Trade with FXTM

Open account

Policies & regulation

FXTM brand is authorized and regulated in various jurisdictions.

Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.

Exinity limited (www.Forextime.Com) is regulated by the financial services commission of the republic of mauritius with an investment dealer license bearing license number C113012295.

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Forex brokers with micro and cent accounts 2021

Forex brokers with micro and cent accounts allow their clients trade for real but without putting significant funds at risk. Advantages of companies allowing trading on cent and micro accounts are evident for the forex newcomers who have just began their trading career. Such clients need access to the minimal transaction volume, which makes them have the real feeling of the market, as distinct from trading on a demo account. Brokers and dealing desks offering cent and micro accounts make their clients feel more confident when opening real deals as thus they do not put their funds at risk. Forex brokers featuring cent and micro accounts are no longer rare on the currency market; however, not too many companies are ready to set the minimum deposit size at $1. Our list will help you choose a forex broker to start trading with at an easy rate.

Read our extended forex guide to find out how to choose the best forex broker 2021.

Start forex trading now! Open forex account with the best forex brokers 2021.

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Forex forecasts

Cryptocurrencies trading forecasts

Bitcoin's price reversed wednesday's losses on thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing.

The cryptocurrency market experienced an increased wave of selling pressure and within the last hour bitcoin (BTC) price dropped below the $30,000.

Bitcoin (BTC) slid under $33,000 for the first time in over a week on jan. 21 as selling pressure gathered to drive price action lower. Data from cointelegraph.

The VIP partners rewards contest allows partners to enter the contest and win the returns they deserve for being a valued hotforex partner. Few fresh deposits and some enthusiastic clients, eager to trade, can lead to fantastic luxurious prizes. If you enter the contest, all you need to do is wait for existing or some new clients to deposit and trade, and not only will you get the usual COMMISSIONS, but you will also secure some great REWARDS too!

The price of bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three.

The price of ether (ETH), the native cryptocurrency of the ethereum blockchain network, has been soaring since the beginning.

Bitcoin's price seems to have settled down somewhat following its major rally, and subsequent fall and correction. This has seen the coin now sitting.

Automated trading systems are an opportunity to create passive earnings in the financial markets for all users. Successful and proven strategies are integrated into the algorithm of advisers, which will make it possible to earn on the pricing of assets without delving into the subtleties of technical analysis. We present the top 10 forex advisors including equilibrium, excalibur, night owl.

Top 10 forex advisors 2021

A variety of web terminals and specialized software makes a choice of a trading platform a difficult one for a novice trader. What should be this vital decision based on? To begin with, it is necessary to highlight the main criteria that high-quality software must meet for making money on financial markets.

What is a cent account in forex brokers?

When it comes to forex trading, the strategy is one of the essential parts to be successful. Even if you just started trading, you can gain profit with a good strategy in hand, which can be obtained either by experience or improving your analytical skills. To be able to do that, you need room for practice and expand your knowledge.

Unfortunately, to fully enter the financial market, traders are required to have a sufficient amount of capital which realistically, not everyone can afford it. Many of those who wanted to get their hands to trade couldn't afford it and ended up choosing something else to invest their money in. Market leaders and brokers then noticed this problem and came up with a solution called the cent account.

What is a cent account?

To put it simply, a cent account allows you to trade with a much lesser transaction size than any other regular accounts. The main feature is on the base currency. Instead of your usual dollar, cent account uses cent dollar. So if you open a cent account and deposit a dollar, it will be accounted for 100 cent dollars.

Bear in mind that cent accounts are most commonly used for USD and other major currencies like the euro and pound. Since its first release, cent accounts have been discussed a lot among new traders and gained popularity, prompting many brokers to offer cent accounts in their services. This article will talk about the benefits of a cent account and the list of top brokers offering it.

What can you get in a cent account?

The main benefit of a cent account is the opportunity to learn trading "for real" without risking a large sum of money. This type of account is a good choice for you to get used to trading and try different strategies. While using a cent account, you can search for a strategy that works for you while at the same time exploring new chances and probabilities in the market.

If you're looking for high profits, then the cent account is probably not the best answer because it offers a low-risk environment. The account will help you sharpen your trading skills before you open a regular account and invest in bigger amounts. Not only that, a cent account can also be used to check the service quality of a broker and see if it suits your needs.

One can argue that before you start trading for real on the currency market, it is necessary to open and try out a demo account to train and gain more experience. However, in reality, it is hard to switch from a demo account to a standard regular account. Psychologically, it is quite stressful to just switch like that because usually traders would think that the demo account is only for practice and not real. When they switch to a regular account, they could get anxious by thinking that "this is the real deal that involves my money", which then could lead them to unsuccessful trades.

In contrast, by using a cent account, traders get to experience real trade from the very beginning. Thus you’ll be getting used to trading without having to risk a considerable amount of money. The key to using a cent account is to manage it as if it's a regular account. With its smaller size, cent account can help you make more precise lot calculations.

Even if it's not much, profit is still profit, and you can implement the strategy that works in the cent account once you enter a regular account with more significant sums of money. The point is, cent account is useful if you want to trade for skills instead of money. That is why it is most beneficial for novice traders who want to master trading by experience.

Top brokers offering cent accounts

Not all brokers offer a cent account in their services. Nearly all brokers that offer the account use metatrader 4 or metatrader 5 as their trading platforms. These brokers generally allow the cent account in USD or EUR cents to avoid limiting the volume of orders on the metatrader platforms, which do not allow trade sizes less than 0.01 standard lot.

Changing the account currency from standard USD or EUR to the cent types can also let the broker effectively reduce the minimum volume from 100 to 10 units. In other words, cent accounts offer the opportunity to trade with nano lots and smaller position sizes via the metatrader software.

You can check some of the best brokers with cent accounts below:

1. Exness

Key features extensive review

Islamic accounts available

The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then exness can be your best choice.

Exness covers its lack of feature variations with other advantages like low spreads. For example, the spread for mini and classic accounts is only 0.1 pip. This is very suitable for traders who use scalping strategies (scalper). Spreads on major pairs for ECN account types can also be as low as 0.0 pip, depending on market conditions.

Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-payment facility provided by exness, the processing time is instant and goes straight into the account. This means that when traders make a withdrawal, everything happens automatically without human intervention.

The safety of traders' funds is also guaranteed as exness is one of the european-based STP/ECN brokers. Exness's ability to become an official partner of the real madrid soccer team for 3 years, starting july 2017, also provides evidence that the company has high solidity.

Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.

Traders do not need to worry about transaction fees when depositing and withdrawing. When trading on exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including wire transfer, bank card, neteller, skrill, and many others.

All information displayed on the exness website is tested and proven. Their business is audited quarterly by deloitte, which is an audit company for financial services.

Moreover, exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

The platforms provided by exness vary in metatrader 4, metatrader 5, web, and mobile platforms. This makes it easy for traders when trading on exness, as they can also access exness platforms anywhere and anytime.

Over the years, exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and cysec.

One measure of client confidence can be put on the trading volume. By december 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.

Through the program offered by exness, traders also have the opportunity to earn extra income by becoming their partners. From the introducing broker (IB) program, partners can earn up to 33% spread commission from every new client that registers through them.

Additional income can also be obtained from exness partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.

When trading on exness, profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' pcs unanticipatedly.

From the review above, it can be concluded that exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.

Exness offers trading via metatrader 4 and 5 and allows you to trade across devices. The cent account in this broker starts with a minimum deposit as low as $1. One of the main reasons for the popularity of this broker is instant payment. It does not take more than a minute to withdraw funds from the trading account.

Moreover, exness gives no additional charges or commission fees in their cent account. However, you can be charged spread in the same amount as the other trading account types. The leverage in their cent account is also the same compared to the other accounts. It can be concluded that the main difference between their cent account and other account is only that the profit and loss will be directly calculated in cents instead of dollars.

2. AGEA

Key features extensive review

Islamic accounts available

There is no more reason for traders to consider deposit conditions as an obstacle when opening a trading account, at least in AGEA. This broker provides no deposit program for new traders, so they no longer need to prepare any money as a deposit. The number of free fund amounts to $5 and is specifically given to streamster clients. Besides, the AGEA broker also provides virtual money worth $10,000. The purpose of these funds is to practice trading.

Another advantage traders can receive from AGEA is low spreads. The lower the spreads set by the broker, the higher the chance for traders to earn more profits. AGEA also provides a trading facility in the form of swap-free. All trading accounts registered with AGEA can trade without being burdened by swap fees. This facility is certainly very suitable for beginners and professional traders.

Facilities offered by AGEA to help clients make the company as one of the most trusted brokers among traders from all over the world. This broker is registered with the company name of AGEA international AD. Since founded in 2005, AGEA has its headquarters in montenegro, southeast europe.

The head office's position in montenegro helps AGEA to be regulated by the market in financial instruments directive (mifid). To ensure its service quality, AGEA is working continuously with legal and compliance experts so that they are fully compliant with relevant local and international laws and regulations.

Traders' convenience also increases with the security of funds trading services at AGEA. Client funds held by AGEA are maintained in separate bank accounts at local and international banks, in line with relevant laws and regulations.

AGEA provides its services through several trading platforms. One example is AGEA's proprietary platform, streamster. In this platform, traders will get a comfortable and simple trading experience. Streamster is also a powerful platform that has its API for algorithmic trading. The interface of streamster is considered as user-friendly and easy to use. On a streamster account, traders can trade with a leverage of 1:100.

Besides the streamster platform, AGEA also provides metatrader 4. It is a programmable trading platform intended for use by traders who understands how to code. It provides the necessary tools and resources to analyze price dynamics of financial instruments and is integrated into expert advisors. Besides currency pairs, traders can trade with other instruments, such as cfds, gold, and silver.

The process of opening an account at AGEA is easy and fast. Traders only need to fill out a registration form online. It takes 5 minutes to fill out the form, then provides due diligence documents before trading.

Processing speed can be found when depositing and withdrawing. AGEA is known as the broker that has the most smooth system in the payment process. They provide various methods of deposit and withdrawal, including credit cards, skrill, neteller, fasapay, webmoney, wire transfers, and many more.

When joining AGEA, traders can also find unique partnership programs while receiving additional benefits. The program is called the affiliate program. AGEA's partners can refer clients to AGEA via the website or by sending them coupons in an e-mail. For each live position client closes on the streamster trading platform, partners will receive a commission in value of 15 points.

For instance, if partners have clients who sometimes close about 15-20 positions per day, they can earn hundreds or even thousands for each month by simply referring clients to AGEA. Besides, there is no charge for participation in the program.

There is also the assistant program. It provides an opportunity for current members of their affiliate program to work more closely with AGEA. To apply for the AGEA assistant program, partners need to have a regular client account. If traders still feel confused, traders can contact AGEA team support by e-mail and live chat.

Based on the review above, it can be concluded that AGEA provides so many special programs for their clients. Both beginners and professional traders have a big chance to optimize their earnings. For novice traders, they can benefit immensely from AGEA's no deposit bonus.

Previously named marketiva, AGEA provides a cent account with a minimum deposit of $6 and a %5,000 maximum balance; very suitable for beginners who wish to experience real trading with very low risk. In contrast, the standard account in this broker has a $100 minimum deposit with no upper balance limit. Both accounts come with leverage up to 1:100 and a minimum lot size of 0.01. The main advantage of using this broker is its variety of trading platforms that include streamster and metatrader 4. No additional commissions charged.

Top 5 best forex cent accounts for 2021

Top rated:

There are often many types of accounts available to try within the fx broker that you choose to deal with. Among these is the cent account.

Particularly if you are a forex trader trying to balance risk management with getting involved in forex trading, this may be the ideal solution for you.

With that in mind, we have collected more information and a selection of what we consider to be the best forex cent account options in the industry for you.

What is a cent account?

As you may be able to guess from the name, cent accounts facilitate trading in the smallest denomination of currency through micro lot trading. These trades can typically be opened with as little as 0.1 nano lots. One of the other keys to the cent account is the fact that your account balance shows as cents, for example, a $10 deposit would appear as 1000 US cents in your trading account.

This low volume trading availability makes cent accounts some of the cheapest and lowest-risk account options for those traders who may be new to the industry. They are also highly accessible due to the low or no minimum deposits that are often involved.

If you are searching beyond cent accounts and wish to open a standard account type with a very low minimum deposit, you should also make sure to check out our listing of the best brokers with nano lot size.

Top 5 cent accounts

Here we have compiled a listing of the best cent account forex broker options for you to choose from. These 5 are the top cent account forex brokers in the industry and a great starting point if you are opening a forex cent account.

1. FBS

The first forex broker featured is FBS. With this brokers cent account, trading can be started with a micro lot of 1,000 currency units and you can then trade with as little as 0.1 nano lots which is 10 currency units. The FBS minimum deposit is also great value at just $10 for europeans and $1 for non-europeans.

In the majority of cases, no FBS fee is attached to your deposit and the broker also makes a fully operational demo account available for a 90-day period to test the service. This period can be further extended through contact with the FBS support team.

At FBS, cent accounts are supported by the availability of both MT4 and MT5 trading platforms and a wide range of assets are available. This includes 28 currency pairs and 10 cfds for trading if you are in europe, and 35 currency pairs and 30 cfds if you are outside europe. The FBS floating spread starts from 1 pip.

Why should you choose FBS?

They have developed a global reputation as one of the most trusted forex brokers in the world.
There is a wide and diverse range of assets to choose for cent accounts, particularly outside europe.

What is cent forex?

Hello, dear friends! I want to tell you about the forex cent accounts today.

As you have already understood, cent accounts deals are executed in cents and all deposits are made in cents too. For instance, if you deposit 10 dollars, your trading account will show 1000 USC (US cents). You will be able to work with metatrader (or any other trading platform of your choice, but I’ll talk about this one, as I personally use it), and the conditions will seem similar to a standard account of your broker. The main difference is the deposit sum and how it is displayed in the metatrader trading platform and the back office.

Note that cent accounts are often called ‘micro’ accounts, but it is the same thing.

When should you open a cent account?

Usually, there are no minimum deposits for cent accounts, it’s true for various brokers I examined.

You can use advisors or social trading signals in metatrader just the same way you could use them on a standard forex account.

As you see, forex trading with small sums is ideal for newcomers and those who want to test their strategies live with no big risks. You can become familiar with the market itself and see whether your trading system works properly.

Many forex brokers offer cent accounts, you can find more information on a website of the company of your choice. Or, if you want, ask the support team to give you details.

Forex cent accounts for beginners

Risk warning: trading in FX and cfds entails high risk of losing capital.

Forex cent trading account — best option for new traders

The best solution for a perfect start. A forex cent account is a way to enter the world of real trading with minimum risk. Specially designed for beginner traders, a CENT account will allow you to understand the psychology of trading from the inside: you trade on a live account, but with minimal risk to the deposit because the trading is in cents.

Account specification

CENT accounts are available to the clients from the following countries: afghanistan, brunei, ghana, iran, malaysia, nigeria, philippines, thailand, tanzania; as well as upon request through the representatives of the company.

The company may refuse to provide a CENT account at its own discretion.

In cent accounts, a commission applies only to cryptocurrency trading and equals $0,15 per lot.

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MQL5

Risk warning: trading on financial markets carries risks. Contracts for difference (‘cfds’) are complex financial products that are traded on margin. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full risk disclosure.

The website is owned by liteforex group of companies.

Liteforex investments limited registered in the marshall islands (registration number 63888) and regulated in accordance with marshall islands business corporation act. The company’s address: ajeltake road, ajeltake island, majuro, marshall islands MH96960. Email:

Liteforex investments limited does not provide service to residents of the EEA countries, USA, israel, and japan.

Cent account forex brokers

broker	country	regulation	leverage	platforms	review
	cyprus, UK, mauritius	cysec, FCA, FSC, FSCA	1:1000	MT4, MT5, web	review website
	UK, australia	FCA, ASIC	1:500	MT4, MT5, web, mirror trader	review
	cyprus	cysec	1:1000	MT4, MT5, ctrader	review
	cyprus	cysec	1:400	MT4, MT5, ctrader	review
	BVI	FSC, finacom	1:500	MT4	review
	belize	IFSC	1:1000	MT4	review
	russia	cysec	1:1000	MT4, MT5, web	review
	vanuatu	N/A	1:500	MT4	review
	SVG	N/A	1:500	MT4	review
	vanuatu	VFSC	1:1000	MT4	review
	vanuatu	VFSC	1:1000	MT5	review
	vanuatu	VFSC	1:400	MT4	review
	st. Vincent & grenadines	FSA (SVG)	1:400	MT4	review
	SVG	N/A	1:1000	MT4, MT5	review
	vanuatu	VFSC	1:500	MT4, web	review
	seychelles	N/A	1:500	MT4	review
	SVG	N/A	1:100	MT4	review
	UAE	N/A	1:1000	MT4, web	review

In cent forex accounts all deposits, profit and loss are measured in cents, instead of dollars. Say that you deposit $100 into your cent account. Then what will be displayed as a balance will be 10,000, because that's the amount in cents. Note that even a small deposit looks quite large now.

We recommend cent accounts for traders who use capital-demanding strategies, such as the martingale or grid trading.

Cyprus-based forex broker roboforex has made significant changes to the conditions of the copyfx system it operates, the company announced earlier this week. The copyfx system, which is available to both investors and traders, has stopped offering cent accounts to traders. Read more

Russian broker aforex introduces cent forex accounts

The russian broker announces the introduction of cent accounts in order to boost automatic trading acknowledging the wish of its clients. Cent account, one in which $175 are listed as 17 500, is such that allows to trade with, obviously, cents. Read more

Happy birthday FXTM!

Forex time succeeded to establish itself as a recognizable name for just two years. FXTM celebrates its second birthday this august. For these two years the broker has experienced nice growth and has more or less established itself in a highly competitive market. Read more

FBS launches fixed spread and cent forex accounts

FBS, a online forex broker, member of the russian self-regulatory organisation CRFIN, has announced the launch of two new account types: cent accounts and fixed spread accounts. Read more

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Cent accounts

Cent accounts are a great way to introduce new forex and CFD traders to live trading with very little risk. Beginner forex traders often start with the demo accounts which simulate the trading environment at no risks to the trader. But, prolonged demo trading creates some problems for the trader. First, it comes preloaded with virtual money ranging from $10,000 to unlimited amounts.

Newbies often get used to trading with big money and make profits using wide ‘stop losses’ and ‘take profits’. But in reality, most newbies cannot have such a big amount of money in their account because they cannot risk such huge capital. Also, the emotions that characterize live trading are completely absent in demo trading because the trader’s money is not at stake. When a newbie is finally ready for live trading, opening a standard account is mostly disastrous as the majority of new trading accounts are easily blown when the harsh reality of live trading dawns on the trader.

Cent accounts came to the rescue in 2006 when it was introduced by liteforex; a renowned forex broker. Other brokers followed and today, there are numerous brokers that offer the account. Cent accounts are live trading accounts that are denominated in cents instead of USD or EUR. So, if you deposit $5 into a cent account, it will reflect as 500 units of currency since 100 cents = 1 USD/EUR. Though EUR cent accounts are provided by some brokers, dollar cents accounts are more popular. One cent lot is 1,000 units while a standard lot is 100,000 units of currency.

Benefits of a cent account

There are important reasons why traders open a cent account and they typically revolve around learning to become better in preparation for a standard account or higher.

Transition from demo to live trading

Virtually every forex broker asserts that its cent accounts are specifically designed for newbies. This is to introduce them to the world of live trading which is different from what is obtainable in demo accounts. Most ECN and STP brokers do not route the demo trading orders to their liquidity providers for execution. This is why there is always a separate demo server where the demo accounts reside. Client orders from the demo accounts are not exposed to real market conditions because they are instantly executed on the demo server. But, cent accounts give newbies the much needed live market exposure a perfect transition from demo to live trading with negligible risks.

Affordable risk

Perhaps, the greatest advantage of cent accounts is that it has very low risk. Most brokers require a minimum deposit of $1-$10 to open a cent account. This is a paltry sum which is easily affordable by most forex traders.

Strategy testing

Because of the reduced risk feature in cent accounts, it has become a perfect account for strategy testing and perfection. Traders who deploy forex trading robots and other complex trading systems have found cent accounts very useful for customizations and back testing.

It’s also useful to test your EA on cent accounts as it’s easier to manage your risk, as losses are less if you trade with a minimum lot size.

Disadvantages

High spreads and leverages

Most forex brokers always mark up the spread on cent accounts and charge more trading fees when compared to other account types offered. They also offer the highest leverages on cent accounts. It should be noted that leverage is notoriously referred to as “a double edged sword” which magnifies both profits and losses and therefore high leverages are not ideal for beginner forex traders.

Account limitations

Most cent accounts are limited by either or some of the following: position size, tradable assets, trading platforms, research tools, etc. Several brokers charge higher withdrawal fees from cent accounts, others limit the services available to account holders.

Low profit potentials

Trading on cent accounts while attractive, can take a long time to gain capital on, especially when the invested capital is small, and the spreads and swap fees are high.

Summary

Cent accounts are designed by forex brokers to assist newbies to experience live forex trading with limited risks. The account currency is usually a hundredth of a dollar or euro. It is an excellent option for traders who wish to test or hone their strategies, trading systems or robots. It is also apt for newbies who wish to commence live trading in a low risk environment. However, most cent accounts have limited features and often come with high trading fees.

So, let's see, what we have: forex cent accounts are ideal for newbies - they give a taste of forex trading with real funds and insight to the psychology behind the experience. | FXTM global at cent account forex