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. Trading for beginners with Cent Account Type is easier, so it is widely used, as well as for the 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 in 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.

BDSwiss – Best MT4 Cent Account Broker 2022
HFM – Best Cent Account Broker for Beginners 2022
FP Markets – Lowest Spread Cent Broker 2022
Axiory – Best Platforms Cent Broker 2022

Who are Best Forex Cent Broker?

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 forex brokers like FXTM or XM.

What is Contract size Forex Cent Accounts?

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

Which Forex Broker Offers Cent Trades Australia?

There arent Australia Brokers with Cent Account as a separated offering, however you may find cent trading inbuilt in Standard account, check FP Markets or OANDA.

List Brokers with Cent Account

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: 1:500 Trading Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App Regulation: FSC, FSA	1 BDSwiss Review
HFM	Min. Deposit: 5 US$ Max. Leverage: 1:30 \| 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, DFSA, FSCA, FSA	2 HFM Review
Axiory	Min. Deposit: 10 US$ Max. Leverage: 1:777 Trading Platforms: MT4, MT5, cTrader Regulation: FSC, FSC	3 Axiory Review
FBS	Min. Deposit: 1 USD Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FBS trader, CopyTrade Regulation: CySEC, FSC, FSCA, ASIC	4 FBS Review
Eightcap	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, SCB	5 Eightcap Review
Global GT	Min. Deposit: 5 US$ Max. Leverage: up to 1:1000 Trading Platforms: MT5, WebTrader Regulation: FSCA, FSA	Global GT 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$5 Max. Leverage: 1:30 to 1:888 Trading Platforms: MT4, MT5, XM WebTrader Regulation: CySEC, ASIC, FSC	XM Review
FXTB	Min. Deposit: 250 EUR Max. Leverage: 1:30 \| 1:400 Trading Platforms: WebTrader, MT4 Regulation: CySEC	FXTB Review
HYCM	Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: FCA, CySEC, DFSA, CIMA, FSC	HYCM Review