What is the Minimum Deposit Required to Open Cent Account?

Minimum Capital Required to Start Forex Day Trading with a Cent Account

Minimum deposit required to open a forex Cent account is $5 dollars.

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

The Cent Forex Account uses Cent Lots when opening new forex trades.

1 Cent Lot is equal to 100 Units of base currency

The Pip value calculation for 1 Pip on a Cent forex 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 1 pip movement if the trade goes in their direction or make a loss of $0.01 or 1 Cent per 1 pip movement if the trade goes against their trade direction.

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