Forex Brokers with Micro and Cent Accounts 2021, cent account broker.
Cent account broker
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.
No deposit forex bonuses
Data from cointelegraph. 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.
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.
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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.
Gain exclusive market-moving insights and take advantage of news-driven volatility with market buzz. Enjoy real-time coverage of 35,000+ FX pairs, commodities, indices, share cfds and cryptocurrencies. Follow the markets that are moving with market buzz when you trade live with vantage FX.
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.
Cent trading accounts
Steps of a man, who decided to get acquainted with the exchange market and to realize the principles of work within it, often have a similar outline of future actions and motions. Having mastered the theoretical foundations and concepts of trading, he starts to think over the application of his knowledge in practice. For such cases, for traders who do not want to risk or do not have substantial funds, the forex cent accounts have been worked out. This kind of accounts assists on refining of the skills and craftsmanship, enables to get accustomed to the trading platform’s interface and gain confidence before trading operations on the larger amounts.
The cent account affords the opportunity to verify in practice the trading terms of a specific broker, and get involved in real events of trading activity on the forex market.
The forex cent account features
For this account type the following specifications are characteristic: minimum deposit of $1, the transaction’s amount starting from 0.1 micro lot, the calculations are made in cents, 1 cent is equivalent to 1 pip approximately. In comparison of the cent account with others, as an example, for a regular account opening the required sum must be no less than $100, minimum position size of 0.01 from a standard lot, and with one pip equal to $0,1.
Therefore for the unskilled bidders the opportunity to carry out the transactions via forex cent account brokers is very important. Equally with micro and mini accounts, this option is optimal for a trading «test of the pen» on the exchange market, as well as to study unfamiliar software and to test new trading strategies. Though it should be remembered that the trading via forex cent accounts for long periods is undesirable, it is recommended to increase the trading phases gradually. This is largely due to the fact, that the «immobile» trader, who carries out his operations at low risks, might lose «trading psychology» at the sudden conversion to operations with larger sums.
The broker’s choice for forex cent account opening
By studying both the forex market and the actions of its participants, it can be concluded that the vast majority of brokerage firms provide similar conditions of work and co-operation regarding the minimum deposit, starting from 1 to 10 dollars, as well as the special offers and bonuses proposals about extra charges, etc.
Exists the opinion, that a truly effective collaboration is possible only with those forex market brokers, who occupy the leading positions in financial services industry.
Not the least of the factors is the availability to open an account not only in dollar equivalent, but in the other, most convenient currency. And finally it is necessary to focus on such point as the number of accounts, that may be opened by trader. Up-to-date brokerage firms give an opportunity to work with a few cent accounts, each taken separately, applicable for a specific trading strategy.
Risk disclosure: gurutrade assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. Speculating only the money you can afford to lose. Gurutrade remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, gurutrade assumes no responsibility for any trading losses you might incur as a result of using this data. Version of the document in english is a defining and shall prevail in the event that there are discrepancies between the english and russian languages. Seeking stocks, quotes, charts and forex? Take a look at the portal gurutrade.Com - the best directory of brokers and modern economic calendar for your service!
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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.
Contents
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.
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 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 |
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) | 12 |
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.
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
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This website is not aimed at anyone other than residents of the united kingdom.
FXTM brand is authorized and regulated in various jurisdictions.
Forextime will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly.
Forextime (www.Forextime.Com/uk) is authorised and regulated by the financial conduct authority with license number 777911.
Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, and licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614.
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. 75% 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.
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
36 currency pairs
metals, cryptocurrencies market execution
instant execution no commission deposits/withdrawals
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
Official sponsor of "starikovich-heskes" team at the dakar 2017
Experienced racers with more than 60,000 off road kilometers in europe, africa, and australia under their belt.
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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.
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Cent account
Perfectly suits those who are just starting on their way to success on forex
Trading conditions
initial deposit $1 spread floating spread from 1 pip commission $0 leverage up to 1:1000 maximum open positions and pending orders 200 order volume from 0,01 to 1000 cent lots
(with step 0,01) market execution from 0,3 sec, STP
Cent account
Cent account is a trading account on which the balance is displayed in cents, and transactions are carried out in cents as well. It means that if you deposit $10, you will have 1000 cents in your account. Trading on the cent account is low-risk. Therefore, it is an excellent choice for forex novices. Moreover, this type of account can be an attractive option for experienced traders who want to check new strategies. The cent account allows people to trade smaller lot sizes and open an account with a lower initial deposit than any other account. To open the cent account at FBS, you need to make an initial deposit of $1 only – less than you pay for a cup of coffee!
The cent account supports the following trading instruments: 35 currency pairs, 4 metals, 6 CFD, 33 stocks. At FBS, the cent account is available on metatrader4 . If you want to test the account first, feel free to try a demo version!
Open the cent account at FBS and reach new heights in trading!
Also, all account types except ECN support swap-free trading.
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Instant opening
Frequently asked questions
How to open an FBS account?
Click the ‘open account’ button on our website and proceed to the personal area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the withdrawal page on the website or the finances section of the FBS personal area and access withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account . You may want to test the environment with virtual money with a demo account. Once you are ready, enter the real market and trade to succeed.
How to activate level up bonus?
Open level up bonus account in web or mobile version of FBS personal area and get up to $140 free to your account.
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.
Cent account
Perfectly suits those who are just starting on their way to success on forex
Trading conditions
initial deposit $1 spread floating spread from 1 pip commission $0 leverage up to 1:1000 maximum open positions and pending orders 200 order volume from 0,01 to 1000 cent lots
(with step 0,01) market execution from 0,3 sec, STP
Cent account
Cent account is a trading account on which the balance is displayed in cents, and transactions are carried out in cents as well. It means that if you deposit $10, you will have 1000 cents in your account. Trading on the cent account is low-risk. Therefore, it is an excellent choice for forex novices. Moreover, this type of account can be an attractive option for experienced traders who want to check new strategies. The cent account allows people to trade smaller lot sizes and open an account with a lower initial deposit than any other account. To open the cent account at FBS, you need to make an initial deposit of $1 only – less than you pay for a cup of coffee!
The cent account supports the following trading instruments: 35 currency pairs, 4 metals, 6 CFD, 33 stocks. At FBS, the cent account is available on metatrader4 . If you want to test the account first, feel free to try a demo version!
Open the cent account at FBS and reach new heights in trading!
Also, all account types except ECN support swap-free trading.
Share with friends:
Instant opening
Frequently asked questions
How to open an FBS account?
Click the ‘open account’ button on our website and proceed to the personal area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the withdrawal page on the website or the finances section of the FBS personal area and access withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account . You may want to test the environment with virtual money with a demo account. Once you are ready, enter the real market and trade to succeed.
How to activate level up bonus?
Open level up bonus account in web or mobile version of FBS personal area and get up to $140 free to your account.
Cent trading accounts
Steps of a man, who decided to get acquainted with the exchange market and to realize the principles of work within it, often have a similar outline of future actions and motions. Having mastered the theoretical foundations and concepts of trading, he starts to think over the application of his knowledge in practice. For such cases, for traders who do not want to risk or do not have substantial funds, the forex cent accounts have been worked out. This kind of accounts assists on refining of the skills and craftsmanship, enables to get accustomed to the trading platform’s interface and gain confidence before trading operations on the larger amounts.
The cent account affords the opportunity to verify in practice the trading terms of a specific broker, and get involved in real events of trading activity on the forex market.
The forex cent account features
For this account type the following specifications are characteristic: minimum deposit of $1, the transaction’s amount starting from 0.1 micro lot, the calculations are made in cents, 1 cent is equivalent to 1 pip approximately. In comparison of the cent account with others, as an example, for a regular account opening the required sum must be no less than $100, minimum position size of 0.01 from a standard lot, and with one pip equal to $0,1.
Therefore for the unskilled bidders the opportunity to carry out the transactions via forex cent account brokers is very important. Equally with micro and mini accounts, this option is optimal for a trading «test of the pen» on the exchange market, as well as to study unfamiliar software and to test new trading strategies. Though it should be remembered that the trading via forex cent accounts for long periods is undesirable, it is recommended to increase the trading phases gradually. This is largely due to the fact, that the «immobile» trader, who carries out his operations at low risks, might lose «trading psychology» at the sudden conversion to operations with larger sums.
The broker’s choice for forex cent account opening
By studying both the forex market and the actions of its participants, it can be concluded that the vast majority of brokerage firms provide similar conditions of work and co-operation regarding the minimum deposit, starting from 1 to 10 dollars, as well as the special offers and bonuses proposals about extra charges, etc.
Exists the opinion, that a truly effective collaboration is possible only with those forex market brokers, who occupy the leading positions in financial services industry.
Not the least of the factors is the availability to open an account not only in dollar equivalent, but in the other, most convenient currency. And finally it is necessary to focus on such point as the number of accounts, that may be opened by trader. Up-to-date brokerage firms give an opportunity to work with a few cent accounts, each taken separately, applicable for a specific trading strategy.
Risk disclosure: gurutrade assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. Speculating only the money you can afford to lose. Gurutrade remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, gurutrade assumes no responsibility for any trading losses you might incur as a result of using this data. Version of the document in english is a defining and shall prevail in the event that there are discrepancies between the english and russian languages. Seeking stocks, quotes, charts and forex? Take a look at the portal gurutrade.Com - the best directory of brokers and modern economic calendar for your service!
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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
36 currency pairs
metals, cryptocurrencies market execution
instant execution no commission deposits/withdrawals
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
Official sponsor of "starikovich-heskes" team at the dakar 2017
Experienced racers with more than 60,000 off road kilometers in europe, africa, and australia under their belt.
Official sponsor of muay thai fighter andrei kulebin
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.
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All rights reserved.
So, let's see, what we have: we offer the most complete list of forex brokers 2021 offering micro accounts on forex-ratings.Com at cent account broker
Contents of the article
- No deposit forex bonuses
- Forex brokers with micro and cent accounts 2021
- Convert popular currencies
- Forex forecasts
- Cryptocurrencies trading forecasts
- Top 10 forex advisors 2021
- Cent trading accounts
- The forex cent account features
- The broker’s choice for forex cent account opening
- What is a cent account in forex brokers?
- Contents
- What is a cent account?
- What can you get in a cent account?
- Top brokers offering cent accounts
- Cent account
- Why open a cent account?
- Account specifications
- Roboforex cent (micro) accounts
- Choose your roboforex cent account
- Security of client's funds
- Cent account
- Trading conditions
- Cent account
- Instant opening
- Frequently asked questions
- How to open an FBS account?
- How to withdraw the money you earned with FBS?
- How to start trading?
- How to activate level up bonus?
- Top 5 best forex cent accounts for 2021
- What is a cent account?
- Top 5 cent accounts
- Cent account
- Trading conditions
- Cent account
- Instant opening
- Frequently asked questions
- How to open an FBS account?
- How to withdraw the money you earned with FBS?
- How to start trading?
- How to activate level up bonus?
- Cent trading accounts
- The forex cent account features
- The broker’s choice for forex cent account opening
- Roboforex cent (micro) accounts
- Choose your roboforex cent account
- Security of client's funds
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