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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 5, 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. We cover you with negative balance protection. 1 NGN accounts are only available to clients in Nigeria. 2 Scalping is not allowed on the servers with Instant execution. 4 If positions are opened, closed, or modified on a Standard.MT4 or Cent.MT4 account in the hour before the trading session ends on Friday, the leverage will be switched to a maximum of up to 1:100 for all Forex currency pairs and spot metals. Before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. 5 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.For residents of Poland, the maximum leverage is 1:100. 7 Cent Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyFXTM. 8 Spread may increase depending on market conditions. 12 Standard Lot size on Cent server is 0.01 Lots or 1000 units. 13 The maximum volume per trade on our Cent server is 1 Standard Lot or 100,000 units. Therefore you can open positions with up to 100 Standard Cent Lots ( 12 ) per trade. Open Account. We cover you with negative balance protection. Trading Accounts. Trading Products. Trading Platforms. Trading Tools. Trade with FXTM. We cover you with negative balance protection. Upcoming Webinars. About FXTM. Forex Trading. Education. Investments. Partners. FXTM brand is authorized and regulated in various jurisdictions. ForexTime Limited ( is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Services Board (FSB) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475 and has an established branch in the UK. FT Global Limited ( is regulated by the International Financial Services Commission of Belize with License numbers IFSC/60/345/TS and IFSC/60/345/APM. Risk Warning: Trading Forex and CFDs 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. 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, Belize, Japan, British Columbia, Quebec and Saskatchewan and some other regions. Find out more in the Regulations section of our FAQs. © 2011 - 2018 FXTM. FXTM Live Support. Welcome to FXTM Live Support. Please select how you would like to be contacted. Add the following FXTM number to your contact list: +35796931572. Forex cent account. Cent account is considered as one of the new concepts which is preferred by a number of individuals. However, it was first introduced in 2006, with the technological improvements; forex cent accounts are getting much popularity. Experts believe that these types of account are considered to be the exception in the forex market. In fact, cent accounts are operated in the same way as US dollar accounts are handled. Forex cent account: Beginners who are looking for a delightful entry in the forex market should gear up their experience with cent account. Although you have a support of demo accounts where trading is done with virtual money, cent accounts will be the best choose. Moreover, you can find certain reliable forex cent brokers who offer forex cents account opening form. Are you willing to test the market? Then, it will be a perfect choice for every newcomer. Some forex broker offers different types of cent accounts where it is classified as fixed spreads and floating spreads. You just need an expert advice to perform trading with real money in cents. Trading conditions: Traders who open standard, mini or micro account have to follow some trading conditions of minimum deposit. In this phenomenon, standard account holders need $1,000 capital to trade, mini account holders should put up to $100 capital and micro account holder should put down $10 capital to trade. If you have a forex cent account , then there is no minimum deposit limit. It is believed that cent accounts are one of the best ways to enter into the real trading process with a very small initial investment. Cent account holders can do trades with any minimal amount that is liable to place a trade. There are few forex cent brokers who offer forex cent accounts leverage for enthusiastic traders. Advantages of forex cent accounts: It can be considered as a transitional stage that comes after demo account trading with virtual money and before dollar account trading with real money. Foremost support will be given to the beginners with real money trading that will be in cents. An opportunity to do trade with comparatively less amount of real money. As there is no minimum or maximum deposit limit, traders can make a trade with the minimum available position of 0.0001 of a standard lot. Well, every good thing has some limitation that you should keep in mind before opting. Limitations: If traders open a cent account, then you have to accept some of its limitations that include: Your usage will not reach the higher level until you open a dollar account. This is because if you deposit higher amount in cent account, then it will be quite difficult to calculate and execute the trades exactly. It is likely to come with higher spreads than dollar accounts. An individual who desires to open forex trading account should start from demo account and understand different concepts. With the help of forex cent account , you should learn real money trading. In this way, your next step to dollar account either with the mini or standard account will give better results. The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC. Are you searching for a reliable forex broker? It might be a tedious job to do so. Becaus. Forex market has attracted many individuals from all over the world. Irrespective of nat. Get access to the exclusive materials and additional analytical tools by Claws & Horns. Dear traders! Follow our Telegram channel and get access to a daily efficient analytical package delivered by true experts: - unique analytical reviews and forecasts; - technical, fundamental, wave analysis; - experts' opinions and training materials. This website uses cookies to enhance your experience. By continuing to browse the website, you are agreeing to our use of cookies. 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 taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure. 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 USA, Israel, Belgium, and Japan. Cent Account Forex Brokers. Cent account Forex trading explained for dummies by ForexSQ experts, Learn what is Forex cent account and who are in the list of top 10 cent account Forex brokers in the world. What Is a Cent account in Forex Trading. Forex Cent accounts are trading accounts in the online currency trading market whose deposit is measured in cents, FX Trading accounts dealing in cents are handled the same way as standard account with exception much lower minimum deposit and trading lot size. Cent Forex Account Advantages. Cent accounts can be very useful foremost for Forex beginners since they allow trading with a real deposit. Cent account balance is indicated in cents, which helps beginners get accustomed to seeing sums of many thousands on their accounts. Cent account is a kind of a transitional stage between demo and dollar accounts being a first step into a real trading, an opportunity to decrease the minimum available position size to 0.0001 of a standard lot. There is no minimum or maximum deposit and no other specific requirements to open a cent account. The disadvantage of cent accounts is that the majority of Forex brokers offering such a service limit the maximum account and position size to keep the usage down to a minimum. Also, the cent accounts are associated with higher quote spreads to compensate brokers. Cent Account Forex Brokers. Fxpro. Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering cent Forex trading account along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available. The forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FCA), XM cent account starts as low as $5. Alpari. Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK, Alpari UK has merged with Alpari Global and is regulated by FCA in United Kingdo, Alpari is one of popular brokers providing Forex trading cent account in UK and Europe . FXTM is an acronym for, which is a new platform to the world of forex investing, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK. Exness. Exness Group was founded in 2008 and regulated in Cyprus by CySEC, the broker provides Forex Cent accounts, as well as micro, mini and standard accounts. IG Group. IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the top Forex trading brokers list. Plus500. Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world. CMC Markets. CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world. eToro. eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom. HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom. City Index. City Index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, Singapore, China, Poland and Australia. maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC. AvaTrade. AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI , as well as Australia, Japan and South Africa. ETX Capital. ETX Capital is a broker that was established in 2002 and is headquartered in London, England. EasyMarkets. The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland. London Capital Group. London Capital Group Ltd or LCG was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK. FxStay. FxStay is operated by professional money managers team, Their team of international hedge fund managers and traders have been trading in the online foreign exchange (fx) market since 2008. Their team are available to help you learn fx trading on your own or rely on the assistance of experienced investors with a VIP managed Forex account for use in Fx market, stocks, bonds, oil, metals, CFDs, real estate, binary options and startup investments. Best Cent Forex Broker In Australia. Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in Forex trading Cent account. Best Cent Forex Banks in Swiss. Dukascopy Bank. Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site. Swissquote Bank. Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services. U.S. Top Forex Cent Brokers. Oanda. Oanda broker is a Canadian-based Forex company providing currency conversion, online cent forex trading account, online foreign currency transfers, and Forex information. The Oanda cent account starts from $1.