Can I Start Trading with $5 for Cent Account? - Can You Start Trading with Just $5 for Cent Account? - How Do I Register Account with $5
For beginners wanting to begin trading with $5, the Cent account option provides them with best account type - Open Account with $5 - Register Live Account with $5.
The Cent account is a account type where the traders open trades using Cent lots, Cent lots are equivalent to 100 Units of base currency. This Cent lots are a fraction of standard lots. Traders trading using the Cent Account can make a small deposit for example $5 dollars deposit and use leverage provided by Cent account to trade the Cent lots.
For example, with the leverage option of 100:1, a trader can borrow $100 dollars from their broker for every $1 dollar in their account - meaning if they have $5 in their account - they can borrow $5*100:1 leverage = $500 dollars after leverage. Traders can then use this $500 in their margin account to open & trade Cent lots.
To learn more about leverage and margin account - Study the following lessons:
