How Much Do You Need to Begin with a Cent Account?

How Much Money Does it Cost to Open XAUUSD Cent Account?

What's the amount of money Required to Begin Gold Day Trading with a Cent Account

Minimum amount of money required to open a Cent account is $5 dollars. Therefore, if you want to open a Cent account it will cost you $5 dollars as the minimum capital to open a Cent account.

With $5 minimum deposit for Cent Account, traders can open a Cent account and trade Cent lots.

The Cent Account uses Cent Contracts when executing new trades.

1 Cent Lot is equivalent to 100 Units of base xauusd

Pip value calculation for 1 Pip in a Cent account is equal to $0.01 or 1 Cent. Therefore traders trading on this Cent account using Cent lots will make a profit of $0.01 or 1 Cent per one pip movement if the trade goes in their direction or make a loss of $0.01 or 1 Cent per one pip movement if the trade goes against their trade direction.

This Cent account is best for beginners because one can trade using smaller lots - Cent lots and learn how to trade without investing a lot of money in their Cent account.