Can You Start XAUUSD with $100 for Cent Account?
For beginners wanting to begin gold with $100 dollars, the Cent account option provides them with best account type - Open Account with $100 - Open Live Account with $100.
The Cent account is a account type where the traders open trades using Cent lots, the Cent lots are equivalent to 100 Units of base xauusd. This Cent lots are a fraction of the Micro lots. Traders trading using the Cent Account can make a small deposit for example $100 dollars deposit and use leverage provided by Cent account to trade the Cent lots.
For example, with the leverage ratio of 100:1, a trader can borrow $1000 dollars from their broker for every $1 dollar in their trading account - meaning if they have $100 in their account - they can borrow $100*100:1 xauusd leverage = $1,000 after leverage. Traders then can use this $1,000 in their margin account to open and trade Cent lots.
To learn & know more about leverage and margin account - Study the following tutorials:
