Cent Account Broker - Cent Account Brokers - Forex Cent Account Brokers

Forex Cent Account Explained - How to Open Cent Account - Cent Account Registration

There are many different types of accounts available to traders who wants to trade in the market. Market is a highly leveraged market for speculating on currency valuations. Traders can purchase large amounts of currency units using little capital. However, trading on leverage is very risky and there are different types of trading accounts available to help traders better manage their trading risk.

It is therefore important that the currency trader consider what they want to get out of their trading account, before deciding on the account type to register.

Cent Account

Forex cent account use lot sizes of only 100 currency units. These accounts are often appropriate for a beginner. The risks for this trade size are low and these cent accounts can sometimes be registered with only a $10 dollars minimum equity balance.

A Forex cent account is in general used by new traders who wish to experience a live environment without risking a large amount of money. Cent accounts allows the trader to transact in cent lots. 1 cent lot is one- tenth of a micro lot and one-hundredth of a mini lot.

If an exchange rate for EURUSD is quoted at 1.400, then the smallest trade available in a cent account is worth $140 of currency to buy 100 EUR. Cent accounts are in general best suited for account balances which are between $100 & $1,000.

Cent account 1 pip = $0.01