What is cent account in forex trading?

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.

Does Alpari offer cent account?

Yes, Alpari does offer a cent account in trading. It is called a Nano account. It is denominated in cents, is testing out your strategies in the real world with minimal risk.

Does FXTM offer cent account?

Yes, FXTM does offer cent account in trading. With a minimum deposit of only USD 10, FXTM Cent Account provides quick and easy access to the markets and live trading

Does FP Markets offer cent account?

No, FP Markets does not offer cent account in trading.

Does XM offer cent account?

Yes, XM does offer cent account in trading. It is called Micro Account. With a minimum deposit of only USD 5, our Micro Account provides quick and easy access to the markets and live trading

Cent Account Forex Brokers

What is Cent Account in Forex?
Best Cent Account Forex Brokers
Who are Best Cent Brokers?
What is Contract size Forex Cent Accounts?
Cent Brokers List

What is Cent Account in Forex?

Cent account in Forex is a trading account provided by Cent Account Forex Broker that measure balance in cents instead of dollars. Cent Account type is widely used by the beginner traders, as well traders who practice or test the particular trading strategy on real trading without big investments. Usually, the minimum deposit is quite small for Cent Accounts and may require only 100$ or lower as a start, however within a low-risk trading environment consider the demanding minimum transaction volume. Read more about Cent Account via Wikipedia.

Forex Brokers who offer Cent account feature enables Live trading without large fund requirements, 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 the trader deposit 10$, the displayed balance on the account will be 1,000 which presents trading funds through cents.

💰 Spread	Spreads are higher compared to Standard accounts. Average EUR USD 1-2 pips
📈 Leverage	Yes
📉 Positions	Sell and Buy
🏦 Contract size	Micro Lot, Standard Lot (Depending on the broker)

Best Cent Account Forex Brokers

Here is a selection of Top Brokers with Cent Accounts selected best in category and are reputable brokers with good regulation.

FXTM– Best MT4 Cent Account Broker 2021
XM – Best Cent Account Broker for Beginners 2021
FBS– Lowest Spread Cent Broker 2021
RoboForex – Best Platforms Cent Broker 2021

Who are Best Forex Cent Brokers?

Best Forex Cent brokers are with Cent accounts proposal not widely available among the market offering, most are now based offshore. However, the crucial point of the broker’s regulatory status remains at priority, check only regulated brokers like FXTM or XM.

What is Contract size Forex Cent Accounts?

The contract size may be Standard or Micro lot depending on the Brokers offering, where all calculations are done in Cents instead of Dollars.

Cent Account Brokers List

Here is full list of Regulated Cent Account Brokers to choose the best Forex company and start trading through Cents’:

Broker	Detail
BDSwiss	Min. Deposit: 100 US$ Max. Leverage: 1:30 \| 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: CySEC, FSC, FSA	1 BDSwiss Review
BlackBull Markets	Min. Deposit: 200 US$ Max. Leverage: 1:500 Trading Platforms: MT4, MT5 Regulation: FMA, FSA	2 BlackBull Markets Review
FP Markets	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: IRESS, MT4, MT5 Regulation: ASIC, CySEC	3 FP Markets Review
Pepperstone	Min. Deposit: 200 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, cTrader Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN	4 Pepperstone Review
HotForex	Min. Deposit: 5 US$ Max. Leverage: 1:30 \| 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA	5 HotForex Review
Axiory	Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: IFSC	Axiory Review
FBS	Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, IFSC, FSCA, ASIC	FBS Review
Eightcap	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC	Eightcap Review
InstaForex	Min. Deposit: 0 $ Max. Leverage: 1:30 \| 1:1000 Trading Platforms: MT4, WebTrader, MobileTrader Regulation: CySEC, FSC BVI	InstaForex Review
XM	Min. Deposit: US$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, IFSC	XM Review