How Much Does a Forex Cent Lot Cost? - Example Illustration of How Much 1 Forex Cent Lot Costs?

1 Cent Lot is equal to 100 Units of base currency

To trade 1 Cent Lot in forex which is equivalent to 100 Units of base currency will depend on the forex leverage that a trader is using to open forex trades.

For Example - Leverage 100:1

With leverage 100:1 a trader can borrow 100 dollars for every 1 dollar on their Cent Account and use this leverage to trade with.

Hence, to trade 1 Cent Lot using 100:1 leverage - 100 Units of base currency divided by leverage 100:1 is equal to $1 dollars.

Therefore, a trader will need $1 to open a forex Cent lot - therefore 1 Cent lot will cost $1 dollars to trade using leverage 100:1.

Example 2 - Leverage 50:1

With leverage 50:1 a trader can borrow 50 dollars for every 1 dollar on their Cent Account and use this leverage to trade with.

Hence, to trade 1 Cent Lot using 50:1 leverage - 100 Units of base currency divided by leverage 50:1 is equivalent to $2 dollars.

Therefore, a trader will need $2 to open a forex Cent lot - therefore 1 Cent lot will cost $2 dollars to trade using leverage 50:1.

Example 3 - Leverage 20:1

With leverage 20:1 a trader can borrow 20 dollars for every 1 dollar on their Cent Account and use this leverage to trade with.

Hence, to trade 1 Cent Lot using 20:1 leverage - 100 Units of base currency divided by leverage 20:1 is equal to $5 dollars.

Therefore, a trader will need $5 to open a forex Cent lot - therefore 1 Cent lot will cost $5 dollars to trade using leverage 20:1.

Example 4 - Leverage 10:1

With leverage 10:1 a trader can borrow 10 dollars for every 1 dollar on their Cent Account and use this leverage to trade with.

Hence, to trade 1 Cent Lot using 10:1 leverage - 100 Units of base currency divided by leverage 10:1 is equivalent to $10 dollars.

Therefore, a trader will need $10 to open a forex Cent lot - therefore 1 Cent lot will cost $10 dollars to trade using leverage 10:1.

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How Much Does a Forex Cent Lot Cost? - Example Illustration of How Much 1 Forex Cent Lot Costs?