Can You Start with $20 for Cent Account?
For beginners wanting to begin xauusd with $20 dollars, the Cent account provides them with best account type - Open Account with $20 - Open Live Account with $20.
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 fraction of standard lots. Traders trading using Cent Account can make a small deposit for example $20 dollars deposit and use leverage provided by Cent account to trade the Cent lots.
For example, with the leverage ratio of 100:1, one can borrow $100 from their broker for every $1 dollar in their account - meaning if they have $20 in their account - they can borrow $20*100:1 xauusd leverage = $3,000 dollars after leverage. Traders then can use this $3,000 dollars in their margin account to open and trade Cent lots.
To learn and know more about leverage and xauusd margin account - Read the following tutorials:
