What are Forex Cent Accounts?

Forex Cent Accounts are forex accounts type where forex traders open forex trades using Cent lots. 1 Forex Cent lot is the equivalent of 100 Units of the base currency.

The Cent forex accounts allows many retail forex traders to access the forex market because with these Cent forex accounts traders can trade smaller forex lots known as Cent lots therefore the capital needed to open these Cent forex accounts is not a lot as that required for opening standard forex accounts.

Cent lots are equivalent to one tenth of the Micro forex lot.

For Cent lots the pip value per trade is equal to $0.01 or 1 Cent