Cent Account Forex Brokers

In very simple words, Cent accounts are trading accounts which measure balance in cents instead of dollars. This specification is an attractive tool for beginning or those individuals that don’t want to risk large fund amounts while trading. That means, that Forex Brokers who offer Cent account feature enables engaging into the real trade without large fund requirement, as all calculations and measures will be shown by the cents.

• Cent accounts are handled the same manner as a Standard account with the only difference of the nominal amount. As an example, once trader deposit 10$, the displayed balance on the account will be 1,000 which presents funds through cents.

The Cent Account type can is widely used by the beginner traders, as well traders that would like to practice or test the particular trading strategy or to see trading conditions of the real account. Yet, in a low-risk trading environment, the demanding minimum transaction volume should be considered strong and checked carefully at the Broker’s offering. Forex brokers featuring Cent accounts are not too many among the market offering, therefore the listing below can help to choose the company, which brings that opportunity to start trading trough Cents’. However, the crucial point of broker’s regulatory status remains the same, as the unscrupulous broker may easily fake trading condition and remain you with the loss, even that the balance was an initially small deposit.