A "cent account" is an account where the trading balance is measured in cents and the number of lots traded in the account is small. One lot in a cent account is equal to 0.01 standard lot and you can trade 0.0001 standard lot. By trading smaller lots, you can reduce potential risk.

For this reason, cent accounts are usually the choice of beginner traders. Cents accounts are also very attractive for professional traders who want to try out new strategies.

FBS Cent Account Information

Here's what you need to know about FBS Cent Account:

Benefits of FBS Cent Account Trading

The FBS Cent account offers traders the opportunity to enter the market with minimal risk。Since account balances, profits and losses are measured in divided units, rather than in larger currency units such as dollars or euros, beginners can minimize their exposure to potential losses during the learning process。

The FBS Cent account is very useful for professional traders to test trading strategies in a real trading environment。

FBS Cent accounts typically require a smaller initial deposit compared to standard accounts。This accessibility makes it an attractive option for a variety of traders, including those with limited funds, giving them an entry point into the market without having to invest heavily。

Trading in smaller amounts in a cent account can reduce the psychological and emotional stress that often occurs when trading larger amounts, which helps better decision-making and trading discipline, which is the key to effective market control for traders at all levels。

Traders can enjoy high leverage up to 1: 1000 on FBS cents accounts, allowing flexible trading。

FBS Cent account offers Islamic account or interest-free option。For traders of other religions, the interest-free option can be used to save money。

How to open an FBS Cent account？

Registering a FBS Cent account is quick and easy。Simply click on the banner located below the account specs and immediately jump to the FBS Cent account registration page。

Next, follow these steps to register:

1. Enter your email and full name。When done, click on "Register as Trader"。
2. You will then be asked to create a new password to ensure that the specified criteria are met。
3. Open a new tab and log in to the email you previously registered with。Open the inbox from FBS and click "confirmation email" to verify。
4. If the FBS authentication is successful, the screen will display as shown in the following figure。Next, click the "Continue" button。
5. You will then be guided to set up a new cent account。
6. You need to set up: trading platform, account currency, no swaps, fixed interest rate and leverage.。Select your desired trading platform and account currency options。If you want your account to be in no swap mode, click the button。You can also check the Fixed exchange rate box if you want。Leverage options from 1: 1 to 1: 1000。Once you have made your choice and are confident, click on the "Open Account" button。
7. The account creation process is complete when your screen looks like this。Save registration information or screenshots。Next, click on "deposit funds" to fund the account。
8. Please note that the available deposit methods correspond to your current location。If the option is grayed out, the method is not available。Minimum deposit amount for each option may vary depending on payment system rules。(Take the Indonesian FBS deposit method as an example。) If you notice that the deposit amount has been adjusted according to the currency of your country。Therefore, if you live in a country that does not use US dollars, there is no need to worry about converting the amount into your currency。
9. If the deposit is successful, the registration of your FBS cents account is complete。Next, you can enter the "Control Panel" menu and click "Trading," there are multiple trading platforms to choose from。
10. Enter the platform login information listed in the Control Panel。
11. After that, you can start trading and make as much profit as possible。

No prior verification is required to deposit funds into your Cent account。However, you can fill in the relevant documents through the "Control Panel" menu。

In addition to deposits, you can also fund your FBS cents account via internal transfer。This means that if you have other FBS accounts, you can easily transfer funds from these accounts to your Cent account。

All your transactions, whether deposits, internal transfers or withdrawals, are recorded in detail in the "Transaction History" under the "Finance" menu。Here you can find details of each transaction, including date, time, amount, payment method, transaction status and more。

Considerations for FBS Cent Accounts

While there are many benefits to trading with an FBS cents account, there are a few things you can't ignore either。Some of them are as follows:

• As calculated in US cents, the profit you can earn may not be much。
• Not suitable for experienced traders to make profits。
• Cent accounts have slightly higher spreads than standard accounts to compensate brokers。For comparison purposes, the following table shows the spread of the cent account and the standard FBS account against several major currency pairs.。

• The trading tools for the FBS US cents account are limited to 20 forex currency pairs: AUD / USD, EUR / USD, GBP / USD, USD / CHF, USD / JPY, AUD / CAD, AUD / CHF, AUD / JPY, AUD / NZD, CAD / CHF, CAD / JPY, CHF / JPY, EUR / CAD, EUR / CHF, EUR / JPBP。
• Cent accounts with Forex brokers are very rare, and all information related to FBS Cent accounts is withdrawn from the official FBS broker website。

Conclusion

Especially for beginner traders, it is recommended to trade on a sub-account of FBS, as it allows you to experience real trading with minimal risk。Seeing a $1 balance converted to 100 cents may make you feel like you're trading a regular account。However, the profit you can make from the sub-account is relatively small。If you are a professional trader and want to make a decent profit, then sub-accounts are only suitable for testing strategies。

Nevertheless, FBS's sub-accounts have many advantages, such as high leverage, no commissions, low deposits and Islamic account options。This can help you increase your profit opportunities。

FAQs

What is an FBS Cent Account?？

FBS Cent Account is a type of trading account offered by FBS, denominated in cents。It allows traders to trade on a smaller position size, suitable for beginners or traders with limited funds。

Why you can't register a cent account on the FBS website？

FBS Cent Account can only be opened through a link from an FBS Partner or Introducing Broker (IB)。Therefore, you cannot open your own account through the website。All information and account specifications have also been removed from the site。

Do FBS cents accounts have initial funding requirements？

Yes, but it depends on the deposit method you choose。For example, if you deposit through an e-wallet, you only need a minimum of $3, but if you use a bank transfer, you need a minimum of $12。These amounts are also adjusted based on the location of your country, so they may not be displayed in US dollars。

Does the FBS cents account apply to all trading instruments？

No, the FBS Cent account offers only 20 forex trading pairs: AUD / USD, EUR / USD, GBP / USD, USD / CHF, USD / JPY, AUD / CAD, AUD / CHF, AUD / JPY, AUD / NZD, CAD / CHF, CAD / JPY, CHF / JPY, EUR / AUD, EUR / CHF, EUR / ZBP, EUR / BP。

How to activate interest-free mode in FBS cents account？

You can activate interest-free mode the first time you set up a sub-account。After setting up the FBS cent account, you can still change it in the "Account Information" under the "Dashboard" menu。