Opening a cent account should be a good option for novice traders who want to learn more about Forex trading and experience the real market without risking large sums of money。

Cent accounts allow you to trade on a much smaller trading scale than any other regular account。The main feature is the base currency, the cent account uses the cent dollar instead of the usual dollar, which is 100 times smaller than the normal dollar.。So if you open a cent account and deposit a dollar, 100 cent dollars will be credited。

Keep in mind that cent accounts are most commonly used in the US dollar and other major currencies such as the euro and the pound.。Since its initial launch, cent accounts have been heavily discussed and welcomed among new traders, prompting many brokers to offer cent accounts on their services.。

The following five brokers offer cent accounts that give you the opportunity to trade positions with smaller lots:

1. Exness: $1 minimum deposit
   AGEA: Minimum deposit of $6
   FBS: Minimum deposit of $1
   RoboForex: $10 minimum deposit
   FXTM Futu: Minimum deposit of $10

Read more of this article to learn more about the advantages of cent accounts with the above-mentioned top brokers。

1. Exness

Exness trades through Metatrader 4 and 5 and allows you to trade across devices, the broker has a minimum starting deposit of as little as $1 for a cent account。One of the main reasons for its popularity is instant payment, which does not take more than a minute to withdraw funds from a trading account.。

In addition, Exness does not charge any additional fees or commissions in its cent accounts.。However, you may have to pay the same amount of spread as other trading account types。Their cent accounts also have the same leverage compared to other accounts。So, the main difference between their cent account and other accounts is that the profit and loss will be calculated directly in cents instead of dollars.。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

It can be concluded from the comments above that Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

2. AGEA

Formerly known as Marketiva, AGEA offers cent accounts with a minimum deposit of $6 and a maximum balance of $5,000, ideal for beginners who want to experience real trading with very low risk。In contrast, the broker's standard account has a minimum deposit of $100 and no balance cap.。

The two accounts are leveraged up to 1: 100 with a minimum lot size of 0.01。The main advantage of using this broker is its multiple trading platforms, including Streamster and MetaTrader 4, with no additional commissions。

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There is no more reason for traders to view deposit conditions as an obstacle when opening a trading account, at least at AGEA。The broker offers a no deposit plan for new traders, so they no longer need to prepare any funds as deposits。The free funds amount to $5 and are offered exclusively to Streamster customers; in addition, AGEA offers $10,000 in virtual currency, which is intended to practice trading。

Another advantage that traders can get from AGEA is the low spread。The lower the spread set by the broker, the greater the chance that the trader will make more profit。AGEA also offers trading facilities in the form of swap-free。All trading accounts registered with AGEA are free of swap fees, ideal for beginners and professional traders。

AGEA provides facilities to help clients make the company one of the most trusted brokers for traders around the world, with the registered company name AGEA International AD。Since its establishment in 2005, AGEA is headquartered in Montenegro, South-East Europe.。Headquartered in Montenegro, it helps AGEA be regulated by the Markets in Financial Instruments Directive (MiFID)。To ensure the quality of service, AGEA constantly works with legal and compliance experts to ensure that they fully comply with relevant local and international laws and regulations。

With the security of AGEA funds, the convenience of traders also increases。Customer funds held by AGEA are kept in separate bank accounts at local and international banks in accordance with relevant laws and regulations。

AGEA provides services through multiple trading platforms, with Streamster, AGEA's proprietary platform, being an example。On this platform, traders will get a comfortable and simple trading experience。Streamster is also a powerful platform with APIs for algorithmic trading。Streamster's interface is considered user-friendly and easy to use. On a Streamster account, traders can use 1: 100 leverage to trade。

In addition to the Streamster platform, AGEA also offers MetaTrader 4。It is a programmable trading platform for traders who know how to code, provides the tools and resources needed to analyze the price dynamics of financial instruments, and integrates into Expert Advisor。In addition to currency pairs, traders can also trade using other instruments such as CFDs, gold and silver。

The process of opening an account at AGEA is simple and quick, traders only need to fill out the registration form online, it takes only 5 minutes to fill out the form, and provide the necessary documents for the investigation before trading。

You can check the processing speed when you deposit or withdraw money, and AGEA is known as the broker with the smoothest system in the payment process.。They offer a variety of deposit and withdrawal methods, including credit cards, Skrill, Neteller, FasaPay, WebMoney, wire transfers and more。

When joining AGEA, traders can also find unique partner programs while gaining additional benefits, which are called affiliate programs.。GEEA's partners can refer customers to AGEA by sending them coupons via the website or by email。For each real-time position closed on the Streamster trading platform, the partner will receive a commission worth 15 points。

For example, if the partner's clients sometimes close out about 15-20 positions a day, they can earn hundreds or even thousands of dollars a month simply by referring the client to AGEA。In addition, there is no charge for participation in the program。

And the assistant program。It offers existing members of its affiliate program the opportunity to work more closely with AGEA.。To apply for the AGEA Assistant Program, partners need to have a regular customer account。If traders are still confused, traders can contact AGEA Team Support via email and live chat。

Based on the above review, it can be concluded that AGEA offers so many special programs for its customers that both beginners and professional traders have a great opportunity to optimize their income。For novice traders, they can benefit greatly from AGEA's No Deposit Bonus。

3. FBS

FBS has been in existence since 2009 and is regulated by CySEC and IFSC Belize。FBS offers cent account services with a minimum deposit of $1 and floating spreads from 1 point。In addition, FBS does not charge any additional fees。

The FBS US cents account can be leveraged up to 1: 1000 and can open up to 200 orders at a time; at the same time, the order volume itself ranges from 0.01 to 1000 US Breakup。This means that new traders using the EA can try to use this account as it operates in highly competitive conditions。

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Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。

FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。

Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。

In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。

And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。

Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。

Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。

The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。

Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。

In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。

Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。

Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。

Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。

In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。

4. RoboForex

RoboForex was founded in 2009 and has been popular since then.。Customers in 169 countries and 19 languages。The company behind the RoboForex brand offers a cent account called the Pro-Cent account, designed for new traders.。

The minimum deposit is one-tenth of the traditional minimum deposit or $10.。Traders can deposit in a variety of ways, including Bitcoin deposits and Qiwi; the maximum leverage is set at 1: 2000, which is not much different from the leverage of other account types; the EUR / USD spread averages 1.2 points, no additional commission for RoboForex cents account。

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RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。

As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。

RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。

Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。

In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。

After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:

Pro-Standard

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 2000

ECN-Pro

• Minimum deposit: $10
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 300

Prime

• Minimum deposit: $5,000
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 100

Pro-Cent

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.1
  Leverage: up to 1: 2000

R Trader

• Minimum deposit: $100
  Spread: 0.From $01
  Minimum order quantity: 1 stock
  Leverage: up to 1: 200 (during the trading session) and up to 1: 4 (after the trading session)

The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。

Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。

5. FXTM

FXTM is one of the top brokers strictly regulated by the FCA, offering a variety of trading platforms including Metatrader 4 and Metatrader 5。FXTM Cent account offers instant execution, no scalping allowed, minimum deposit of $10, no ceiling。

Minimum transaction size is 0.01 lot, but since the account is calculated in cents, this micro-hand is actually worth 0.0001 Standard Hand。The maximum size of each transaction is 100 US breakups, the maximum number of orders is 300 lots, and the total maximum order size is 10 lots.。

No extra commission for FXTM cents account。However, the minimum spread of the cent account is the highest among other accounts offered by FXTM, and under normal market conditions, the minimum spread of EUR / USD is 1.5 points。

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Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

What Cent Accounts Offer

The main benefit of a cent account is the opportunity to learn "real" trading without risking large sums of money, and is a good choice for you to get used to trading and try different strategies。When using a Cent account, you can search for strategies that work for you while exploring new opportunities and probabilities in the market。

If you are looking for high profits, then a cent account may not be the best answer as it offers a low risk environment。This account will help you improve your trading skills before opening a regular account and investing a larger amount。Not only that, the cent account can also be used to check the quality of service of the broker to see if it suits your needs。

One might say that before starting real trading in the currency market, it is necessary to open and try a forex demo account for training and gain more experience。In practice, however, it is difficult to switch from a demo account to a standard regular account。

Psychologically, switching like this is quite stressful, as traders often think that demo accounts are just for practice。When switching to a regular account, they may feel anxious because they think "this is a real transaction involving my money," which may cause the transaction to be unsuccessful。

By contrast, by using a cent account, traders can experience real trading from the start。So you will get used to trading without risking a lot of money。The key to using a cent account is to manage it like a normal account。Cent accounts are smaller and can help you perform more accurate lot calculations。

Even if it's not much, profit is still profit, and once you get into a regular account with more money, you can implement strategies that work in a cent account。The point is, the cents account is useful if you want to practice your trading skills rather than make a big profit, so it is most beneficial for novice traders who want to master trading through experience。

Conclusion

Cent accounts are set up to meet the needs of new traders to practice in real accounts。For professional traders, the cent account is also good for checking the quality of the broker and what new trading strategies they want to try。However, brokers with cent accounts offer different conditions and specifications。

Almost all brokers offering this account use Metatrader 4 or Metatrader 5 as their trading platform。These brokers usually allow the use of dollar or euro cent accounts to avoid limiting the volume of orders on the MetaTrader platform, which does not allow trade sizes smaller than 0.01 Standard Hand。

Changing the account currency from the standard dollar or euro to the cent type can also allow the broker to effectively reduce the minimum trading volume from 100 units to 10 units.。In other words, cent accounts offer the opportunity to trade nano lots and smaller position sizes through MetaTrader。