Brokers with 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.

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 forex brokers – best forex brokers offering cent forex accounts

Cent account forex is an excellent for late beginners. Cent account forex are trading accounts denominated in cent are treated in the same way as any US dollar account. This specification is an attractive tool for beginners who do not wish to risk large sums during transactions. Here are some best cent account forex brokers for a good online trading experience and tools. Cent account forex brokers from this list is selected to offer a good trading experience and also offers educational tools to help them learn and improve trading skills.

EXNESS
exness a forex broker that has been offering trading since 2008, exness aims to provide excellent trading conditions on forex. It offers clients the opportunity to trade other trading instruments such as crypto-currency, and precious metals.
The minimum deposit to open an account with exness on forex accounts is $1. Forex account holders can trade lots of one hundred, 100 times smaller than standard lots. Trading orders are executed instantly and account holders can trade on a variety of metals and currency pairs.
Exness offers zero commission on withdrawals and deposits, tight spreads, fast trade execution and a wide range of trading instruments.

Regulated by: FCA,CYSEC
cent account: YES
minimum deposit ($US):$1
maximum leverage for cent: 1:2000
minimal lot size for cent: 0.01 lot
spread type: floating
offices in: cyprus

FXTM
FXTM is a forex broker founded in 2011, adopting a unique vision to offer exceptional trading conditions, exclusive education and state-of-the-art trading tools.
FXTM offers six trading accounts with a very low minimum deposit $5. Cent accounts is one of three standard fxtm accounts offering instant execution, low spreads, and offers metatraders 4 and metatrader 5 as a trading platform. FXTM is accredited and regulated by the FCA in the united kingdom, cysec in cyprus and FSC in mauritius, as well as by the south african FSCA.
They offer a wide range of educational content to their traders. Whether you want to start from scratch and learn trading or improve your skills through their professional courses. Customer support is available in more than 17 languages available 24/5 via phone, live chat, and email.

Regulated by: FCA, FSC, CYSEC
cent account: YES
minimum deposit ($US):$10
maximum leverage for cent: 1:1000
minimal lot size for cent: 0.01 lot
spread type: fixed
offices in: mauritius

Roboforex is a broker founded in 2009 and operated by the roboforex group. They are based in cyprus and have their registered office in limassol. Roboforex is regulated by the cyprus securities exchange commission (cysec), IFSC and mifid.
They offer several types of trading accounts and a wide range of commercial markets such as currency, crypto, metals, energy, commodities, etfs, indices, equities and forex, with a leverage effect of up to 1:1000 depending on your country and trading account. Transaction costs are essentially based on institutional spreads from 0 pips.
Roboforex provided its customers with several trading platforms including metatrader and metatrader 5 which offers an efficient and reliable trading experience, ctrader for the STP / ECN (ecn forex broker) solution and direct access to interbank quotes, a mobile trading platform, and a web-based trading platform.
Customer support is available 24/5 which can be contacted via email, skype, online direct chat, and by phone. Support available in 8 languages.

Regulated by: IFSC
cent account: YES
minimum deposit ($US): $10
maximum leverage for cent: 1:2000
minimal lot size for cent: 0.01 lot
spread type: floating
offices in: cyprus

Forex4you
forex4you is an online forex broker since 2007 base in the british virgin islands. Forex4you has a mission statement focuses users and aims to help the profitable trade, so often with them. They do not grow high-risk investments and help you get the training and experience you need to start learning their mother and only low deposit.
Forex4you gives you access to two popular trading platform in the industry metatrader 4 and 5 platforms. It gives you access to all the graphics tools you need aves, signals the possibility to create your own trading strategies and robots, and rapid execution you will not find on other platforms.
Forex4you offers a choice of nine types of trading accounts which are grouped into three general categories. The three categories of accounts s choose are: dealing desk execution, no execution desk, and PAMM accounts.
The maximum leverage is up to 1: 500. Offers to trade over 100 instruments including forex, CFD, raw materials and future well, with spreads as low as 0.3 pips.
Forex4you offers support to the customer by phone, online chat and email. A toll-free number is available to report problems and request information.

Regulated by:
cent account: YES
minimum deposit ($US):$1
maximum leverage for cent:1:1000
minimal lot size for cent: 0.01 lot
spread type: fixed
offices in: british virgin islands

What is a cent account in forex brokers?

Opening a cent account should be a good choice for novice traders who want to learn more about forex trading and experience the real market without having to risk big capital.

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.

Forex brokers with cent accounts

There was a time, when, in order to open an account and start trading in the market, one should have had $500. Therefore, many of those who wanted to try their hand in the financial markets, just could not afford it.

The bigger competition has radically changed the situation. In addition to the recognized market leaders there emerge new brokerage companies, yet unknown but willing to develop, which offer account opening with much lesser sums. The sums have been decreasing, and there appeared forex brokers with cent accounts.

What is a cent account?

The main difference of such an account in the terminal would be that all the values are multiplied by one hundred. If you open a cent account and deposit $10 to it, when entering the terminal you will see the value of 1,000 cents. Now a trading lot is worth 100,000 cents, and not $100,000.

Different dealing centers may have different minimum trading lots. 0.1 is 10,000 cents, and each point of EUR/USD is worth one cent. In one 0.01 lot each cent is equal to the EUR/USD passage rate of 10 points.

Forex brokers with cent accounts: what’s the benefit and advantage for a trader?

Why not make all the accounts cent accounts? The fact is that many traders work with brokers, because their standard account funds are in any case to be withdrawn somewhere; as for the cent accounts, a dealing center may confirm it actually is the counterparty of the deals. Just think, if we’re considering the one-dollar deposit with a 0.0001 lot, what interchange and withdrawal can we speak of at all?

Cent accounts are especially beneficial for novice traders; their rapid emergence has caused the increase of registrations of those who are willing to master trading. Everybody knows that before you start full-scale trading on the currency market it is necessary to open a demo account to start with, for training and gaining experience. However, switching from a demo account to a real money account is quite stressful psychologically, what prevents many novices from successful trading when they start. Training without any risk is one thing, but substantial financial losses possible on a real money account are definitely something else.

The advantage of a cent account is that is lets you trade ‘for real’, thus getting used to actual trading and at that not risking to lose a large sum of money. It can be used not only by traders; if you decide to test trading conditions offered by a certain broker or a new strategy and don’t want to put your money at risk, forex cent accounts should be your choice.

Brokers are different, some of them let you start trading with a few dollars only, other do not want to mess with a trader for penny profits. When choosing a broker take a notice of a forex rating, and consider advice of the professional traders. Choose a company that allows the client to decide which sum to deposit and does not limit the deposit size. A good broker should provide an opportunity of trading to clients with any size of funds. If you wish to check the quality of brokerage services and try your hand in forex, read forex reviews, check the ratings and choose a company that is interested in every client, even the smallest one.

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Cent account forex brokers – best forex brokers offering cent forex accounts

Regulated by: FCA,CYSEC
cent account: YES
minimum deposit ($US):$1
maximum leverage for cent: 1:2000
minimal lot size for cent: 0.01 lot
spread type: floating
offices in: cyprus

Regulated by: FCA, FSC, CYSEC
cent account: YES
minimum deposit ($US):$10
maximum leverage for cent: 1:1000
minimal lot size for cent: 0.01 lot
spread type: fixed
offices in: mauritius

Regulated by: IFSC
cent account: YES
minimum deposit ($US): $10
maximum leverage for cent: 1:2000
minimal lot size for cent: 0.01 lot
spread type: floating
offices in: cyprus

Regulated by:
cent account: YES
minimum deposit ($US):$1
maximum leverage for cent:1:1000
minimal lot size for cent: 0.01 lot
spread type: fixed
offices in: british virgin islands

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!

Cent forex brokers

Here you can find the list of forex brokers that offer cent accounts to their traders. Most of these brokers provide metatrader 4 or metatrader 5 platform and use the accounts denominated in USD or EUR cents to circumvent the trading platform’s natural limit on order volume.

In cent forex accounts all deposits, profit and loss are measured in cents, instead of dollars. Say that you deposit $10 into your cent account. Then what will be displayed as a balance will be 10,00, because that’s the amount in cents. Note that even a small deposit looks quite large now. Different dealing centers may have different minimum trading lots. 0.1 is 10,000 cents, and each point of EUR/USD is worth one cent. In one 0.01 lot each cent is equal to the EUR/USD passage rate of 10 points.

Title	min. Deposit	min. Position size
AGEA	$1	0.00001
amarkets (ex-aforex)	$2	0.001
exness	$1	0.01
forex4you	$1	0.0001
FXCL	$1	0.01
liteforex	$10	0.1
paxforex	$10	0.01
roboforex	$1	0.01

Use cent forex brokers in trading

If you think you have got everything you need to know about forex, you might need to discover more. There are still more that you might miss in forex trading. One of those things is the cent account. This kind of account can be used in forex trading. There are some cent forex brokers that you can find out there. You may consider this information as your reference. It doesn’t give you the advice about a certain thing. Instead, it will give you another option of account that you can use in a trading like in forex. Before you are sure to pick this account or another type of account, the following details about cent account will be very helpful.

More useful description about cent account

This kind of account is provided by some brokers out there. You can easily find those brokers with this features. This is because this kind of account comes with a certain feature that may give you benefit. One of those benefits that you might get from this kind of account is that your deposit will be measured in cents with this account. This is the measurement that will be quite different from the common account that will use US dollars. There is no significant different except on its differences in the operated sum.

There are advantages and disadvantages of this account that you will find. For instance, it comes with a benefit to allowing trading with a real deposit. This one is the advantage that you can take from this kind of account. On the other hand, this account comes from those brokers that will offer you with a service that limits the maximum account and also the position size in which it needs to keep the usage down to a minimum. After you have got those details above, it is time to decide whether or not you will have this option for your account in forex trading.

Broker to trading

Best cent account forex broker

Best cent account forex brokers

1 standard lot in forex is $100,000 (or more generally 100,000 units of a currency). A cent account is denominated in cents and 1 lot = $1,000 (since 100,000 cents = $1,000). Thus 0.1 lots on this account is really 0.001 standard lots and has a pip value of 1 cent, using a USD example on this page with a pip value of $10 per standard lot (the actual value of a pip per lot can vary depending on the account currency and the forex pair). A broker may allow even smaller trade sizes by providing micro lot cent accounts, where one pip is worth 0.1 cents (0.0001 standard lots). To be clear, its not called a cent account because 1 pip = 1 cent, but because it is denominated in cents, with a lot size of 1,000. So a cent account can have trade sizes where one pip is worth less than a cent.

In the past, brokers used to offer specific accounts for smaller lot sizes, for example mini (0.1 lots) and micro (0.01 lots) lot accounts. Forex brokers these days tend to simply have a minimum lot size of 0.01 lots for their standard account types. Thus the trader can build trades with small or higher trade sizes as they wish.

One advantage of smaller trade sizes is that it can make trading feasible and comfortable for smaller account sizes. Another important potential advantage is that it can help the trader trade with reduced leverage (increasing leverage increases risk). Leverage helps traders trade with smaller account sizes, but increasing their exposure to adverse moves against the traded position. As leverage has been restricted to a maximum of for forex in the european economic area (EEA), this reduces the capacity to use leverage to trade with smaller account sizes. Thus cent accounts in this respect can be seen as the new micro accounts at least in the EEA, as they allow position sizes 1/10th of the size of a micro account.

Another potential use for a cent account is to practice trading in the real market possibly after using a CFD trading demo account. However unlike a demo account, real funds are being risked in a cent account. Cent accounts may have a very low minimum deposit and will be separate accounts. Other accounts which have a higher minimum trade size (for example micro lot), can have higher minimum deposit requirements. Brokers may also offer accounts for traders who wish to trade forex with big accounts. Traders can also generally place orders with a bigger trade size on a cent account, but there is typically a limit on the maximum order size, relative to other account types.

The forex market moves in complex ways and a cent account can be a way for all traders to understand it, without having to place trades with a high pip value. The actual value of a pip move can either add to the account or deplete it, as forex pairs change value. With higher pip values an account can rapidly be depleted. In the EEA the stop out is set at 50% of the account, thus positions will automatically be closed if the account reaches this level. Of course this possibility also exists with a cent account, with a small account size.

So the relative value of a pip to the account size is an important consideration when trading forex, which tends to retrace against the traded direction and can make rapid moves up or down. This can be seen is news trading or other volatile times in this markets, when very rapid moves can happen. One way to tackle this is to use a stop-loss, another additional way is to get the balance right of account value, positions opened and trade size. The brokers in this table all offer cent accounts as well as other account types and are well established, regulated forex brokers.

Best forex cent account forex broker

The pick from the table of the best cent account forex broker is XM. XM offers both metatrader 4 (MT4) and metatrader 5 (MT5). XM calls its 'cent' account a micro account. MT4 and MT5 let the broker denominate an account in cents, thus allowing a micro lot to be smaller than a micro lot on a standard account (specifically 1/100th of the size, turning 0.01 standard lots into 0.0001 standard lots). XM reserves its smallest trade sizes for MT4 (that is down to 0.0001 standard lots).

In tandem with a low minimum trade size, XM offers a very low minimum deposit ($5). Thus traders may trade with a smaller account size if they wish. Small trade sizes can potentially offer the trader flexibility in terms of minimum deposit, account size and what markets they can trade. On MT5, XM has a relatively large number of markets to trade (1000+), in addition to forex pairs.

XM supports forex traders by offering these platform, allowing small trade sizes, and letting the trader use and build expert advisors (eas) to automate trading, if they want to automate their trading. When signing up for an account the trader chooses which platform to trade from, but they can create further accounts later as they wish, if they want to try the other platform.

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

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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 does not target EU/EEA clients. We 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.

So, let's see, what we have: cent accounts are perfect for beginners, but what are the best brokers offering it? Find out thanks to our top 5! Click here now at brokers with cent account