What is cent account trading

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Cent Account

As implied by the title, a Cent Account deals with (yes, you guessed it) cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents.

At ForexTime (FXTM) the Cent Account is available on Standard MT4 accounts and for those wishing to test it out first, we’ve developed a demo version of the account too.

Why Open a Cent Account?

  • With a minimum deposit of only USD 10, our Cent Account provides quick and easy access to the markets and live trading
  • Traders can test their Expert Advisors without spending large sums of money to do so
  • Cent accounts are ideal for newbies – they give a taste of forex trading with real funds and insight to the psychology behind the experience, with a much lower risk
  • The advantages of a Cent Account help create more windows of opportunity in a simpler trading environment

What’s the philosophy behind it? The Cent Account has been designed for small depositors and newcomers to the forex industry. It’s most suitable for those who wish to trade with a lower deposit and grants access to the markets to all those who want to trade but cannot risk losing too much. Furthermore, it acts as a smooth shift from demo accounts to real accounts as it gives traders the chance to become familiar with using a forex account before trading with large sums of money.

Account Specifications

Trading Platforms MetaTrader 4
Account Currency US Cent / EU Cent / GBP Pence
Leverage / Margin req. Leverage is set based on the trading instrument and limited with 1:30 max. Refer here for more info.
Maximum deposit
Minimum deposit $/€/£ 10 / ₦2 000 1
Commission
Order execution Instant Execution
Spread From 1.5 3
Margin Call 80%
Stop Out 50%
Swap-Free
Limit & Stop Levels 1 spread
Pricing 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD
Trading Instruments Majors, Minors — 25 Spot Metals — 2
Minimum Volume in Lots per Trade 0.01
Micro Lot (0.01)
Mini Lot (0.1)
Standard Lot (1) 12
Step Lot 0.01
Maximum Volume in Lots per Trade 1 12
Maximum Number of Orders 300
Maximum Number of Pending Orders 100

Notes:

1 Leverage is offered based on your knowledge and experience. The Leverage / Margin requirements may be subject to change as a result of applicable regulations in your country of residence.

3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.

12 On Cent server 1 Lot size is 0.01 Standard Lots or 1,000 units. The maximum volume per trade on our Cent server is 100 Cent lots which is equal to 1 Standard lot or 100,000 units.

Trading Accounts Overview

Trade with FXTM

Open Account

More about FXTM
FXTM Promotions & Contest
Media Corner
Policies & Regulation
FXTM Sponsorships

FXTM brand is authorized and regulated in various jurisdictions.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911.

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Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regional restrictions: FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus. Find out more in the Regulations section of our FAQs.

Cent Account

As implied by the title, a Cent Account deals with (yes, you guessed it) cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents.

At ForexTime (FXTM) the Cent Account is available on Standard MT4 accounts and for those wishing to test it out first, we’ve developed a demo version of the account too.

Why Open a Cent Account?

  • With a minimum deposit of only USD 10, our Cent Account provides quick and easy access to the markets and live trading
  • Traders can test their Expert Advisors without spending large sums of money to do so
  • Cent accounts are ideal for newbies – they give a taste of forex trading with real funds and insight to the psychology behind the experience, with a much lower risk
  • The advantages of a Cent Account help create more windows of opportunity in a simpler trading environment

What’s the philosophy behind it? The Cent Account has been designed for small depositors and newcomers to the forex industry. It’s most suitable for those who wish to trade with a lower deposit and grants access to the markets to all those who want to trade but cannot risk losing too much. Furthermore, it acts as a smooth shift from demo accounts to real accounts as it gives traders the chance to become familiar with using a forex account before trading with large sums of money.

Account Specifications

Trading Platforms MetaTrader 4
Account Currency US Cent / EU Cent / GBP Pence / NGN kobo 1
Leverage / Margin req. Fixed 15 from 1:1000 – 1:25 (FX), 1:500 -1:25 (Spot Metals) 12
Maximum deposit
Minimum deposit $/€/£ 10 / ₦2 000 1
Commission
Order execution Instant Execution
Spread From 1.5 3
Margin Call 60%
Stop Out 40%
Swap-Free
Limit & Stop Levels 1 spread
Pricing 5 decimals for FX (3 on JPY pairs), Spot Metals: 2 decimals for XAUUSD and 3 decimals for XAGUSD
Trading Instruments Majors, Minors — 25 Spot Metals — 2
Minimum Volume in Lots per Trade 0.01
Micro Lot (0.01)
Mini Lot (0.1)
Standard Lot (1) 13
Step Lot 0.01
Maximum Volume in Lots per Trade 1 12
Maximum Number of Orders 300
Maximum Number of Pending Orders 100

Notes:

1 NGN accounts are only available to clients in Nigeria.

3 Spreads are floating and they may increase during specific periods of the day depending on the market conditions.

12 Please bear in mind that the Company may at its sole discretion switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday if any positions are opened, closed or modified on a Standard MT4 or Cent MT4 account. However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account. Moreover, kindly note that the Company may extend these amendments for as long as it deems necessary after the market opening, by providing the Client with prior written notice.

13 On Cent server 1 Lot size is 0.01 Standard Lots or 1,000 units. The maximum volume per trade on our Cent server is 100 Cent lots which is equal to 1 Standard lot or 100,000 units.

15 Cent Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyFXTM.

Trading Accounts Overview

Trade with FXTM

Open Account

More about FXTM
FXTM Promotions & Contest
Media Corner
Policies & Regulation
FXTM Sponsorships

FXTM brand is authorized and regulated in various jurisdictions.

ForexTime Limited (www.forextime.com/eu) is regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614. The company is also registered with the Financial Conduct Authority of the UK with number 600475.

ForexTime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority with license number 777911.

Exinity Limited (www.forextime.com) is regulated by the Financial Services Commission of the Republic of Mauritius with an Investment Dealer License bearing license number C113012295.

Card transactions are processed via FT Global Services Ltd, Reg No. HE 335426 and registered address at Tassou Papadopoulou 6, Flat /office 22, Ag. Dometios, 2373, Nicosia, Cyprus. Address for cardholder correspondence: [email protected]

Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market.

Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full Risk Disclosure.

Regional restrictions: FXTM brand does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus. Find out more in the Regulations section of our FAQs.

RoboForex cent (micro) accounts

The best way to enter the world of real trading.

  • Minimum deposit – 10 USD
  • Minimum spread from 1.3 pips

Open Micro account

    36 currency pairs
    Metals, Cryptocurrencies Market Execution
    Instant Execution No Commission Deposits/Withdrawals

Choose your RoboForex cent account

The main distinctive feature of cent (micro) accounts is that they use 100x denominated monetary units of the base currency (US Cent, EU Cent, etc.), while the trading conditions are equal to those for standard accounts. Just deposit 10 USD to your cent account to get 1,000 US Cents. As a result, this account types will be excellent not only for beginner traders, but for professionals as well, because it may help them to test new trading strategies or Expert Advisors in market conditions without any significant financial investments.

Trading platforms and terminals Trading platforms and terminals
Minimum deposit Minimum deposit 10 USD / 10 EUR / 100 CNY
Account currencies Account currencies USD, EUR, GOLD, CNY
Quotes Quotes Extended (5 digits after comma)
Minimum order volume (lots) Minimum order volume (lots) 0,1 for MT4, 0,01 for MT5
Maximum order volume (lots) Maximum order volume (lots) 10,000
Maximum number of positions Maximum number of positions 200
Minimum step volume Minimum step volume 0,01
Bonus programs Bonus programs
Stop Out Stop Out 10% Swap-Free account Swap-Free account One-Click Trading One-Click Trading Account history is stored Account history is stored for 1 month

More than 20 methods
of depositing funds

Security of Client’s Funds

Official sponsor of “Starikovich-Heskes” team at The Dakar 2020

Experienced racers with more than 60,000 off road kilometers in Europe, Africa, and Australia under their belt.

Official sponsor of Muay Thai fighter Andrei Kulebin

A many-time Thai boxing world champion, an experienced trainer, and an Honored Master of Sports.

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RoboForex Ltd is an international broker regulated by the IFSC, license No. IFSC/60/271/TS.

Risk Warning: There is a high level of risk involved when trading leveraged products such as Forex/CFDs. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd does not target EU/EEA clients. We do not provide financial services to residents of the USA, Canada, Japan and Australia.

At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a Civil Liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.

© RoboForex, 2009-2020.
All rights reserved.

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