| Updated: February 25, 2025The world of Forex trading has become increasingly accessible to individuals from all walks of life, thanks to the variety of account types offered by Forex brokers. Among these account types, Cent accounts have gained popularity, especially among beginners and those with limited capital. Cent accounts are designed to provide traders with a more affordable and lower-risk way to trade in the Forex market.
In this article, we will delve into the world of Cent accounts, exploring their features, benefits, and disadvantages, as well as comparing them to other account types. We will also discuss the trading conditions to consider when choosing between Cent and Standard size accounts. By the end of this article, traders will have a comprehensive understanding of Cent accounts and be able to make informed decisions about their trading needs.
Below you can find a list with the best Forex brokers with cent accounts:
Top 6 Forex Brokers that offer cent accounts
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FBSTrading InstrumentsDeposit Methods
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
-
HFM
- Up to 1:2000 leverage in specific countries
- Supports trading in micro lots (1,000 units)
- A $6 round-turn commission per standard lot for Zero accounts
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Share CFDs
-
The company's services relate to complex derivative products which are traded outside an exchange. These products come with a high risk of losing money rapidly due to leverage and thus are not appropriate for all investors. Under no circumstances shall Exness have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any investing activity.Exness
- Exness supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
- Traders have access to several markets including Forex, Stocks, Commodities, Cryptocurrencies, and Indices.
- Exness offers tight spreads and flexible leverage, up to 2000:1, depending on the account type.
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Vantage FX
- Broker offering some of the lowest spreads from 0.0 pips
- Operating in multiple markets under licenses from tier-1 regulators
- Provides a range of account types with great trading conditions
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
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XM Group
- XM provides great trading experiences using MetaTrader 4 and MetaTrader 5, which are improved by personalized features.
- Zero commission accounts are available
- Top-tier regulation from CySEC, ASIC, FSC, and DFSA oversee XM's operations, assuring transparency and client safety.
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- ETF CFDs
- Forex CFDs
- Forex Options
- Index Options
- Indices CFDs
- Metals CFDs
- Share CFDs
- Stock CFDs
- Stock Options
- US Stock Options
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FXTM
- Established brokerage company regulated by UK FCA, Kenya CMA, and Mauritius FSC
- MT4, MT5, Mobile Trading Platform
- $1M Lloyd’s of London account insurance
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| FBS | AVG 0.7 pips | $0 |
| HFM | AVG 1.3 pips | $6 to $8 round-turn (Zero) |
| Exness | AVG 0.9 pips | $7 round-turn (Raw), $0.10 (Zero) |
| Vantage FX | AVG 0.15 pips | $3 per side on Raw; $1.50 per side on Pro |
| XM Group | MIN 0.8 pips | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account |
| FXTM | AVG 2.1 pips | $4 per lot |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| FBS |  |
Cent accounts: $10; AU$50 (ASIC accounts) |
| HFM | |
$0 (Zero, Premium, Cent), $5,000 (Premium Pro), €100 (Pro) |
| Exness | |
$10 (Standard, Standard Cent); $200 (Pro, Raw Spread, Zero) |
| Vantage FX | |
$50 |
| XM Group | |
$5 |
| FXTM | |
$200 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| FBS |  |
1:30 (ASIC), 1:30 (CySEC), 1:3000 (FSC), 1:500 (Pro Account), 1:30 (Retail Account) |
| HFM | |
1:400 (FCA | Premium Pro), 1:30 (FCA | Retail Account), 1:2000 (FSCA), 1:2000 (SVGFSA) |
| Exness | |
1:400 (CMA), 1:2000 (FSAS) |
| Vantage FX | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (CIMA | Retail Account), 1:30 (FCA | Retail Account) |
| XM Group | |
1:30 (CySEC | Retail Account), 1:1000 (IFSC | Retail Account) |
| FXTM | |
1:30 (FCA | Retail Account), 1:400 (CMA), 1:3000 (FSCA) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| FBS | |
MetaTrader 5 |
| HFM | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile |
| Exness | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile |
| Vantage FX | |
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView |
| XM Group | |
MetaTrader 4, MetaTrader 4 MultiTerminal, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| FXTM | |
MetaTrader 4, MetaTrader 5 |
Comprehensive Comparison of Forex Brokers with cent account
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
Cent accounts: $10; AU$50 (ASIC accounts) |
|
AVG 0.7 pips |
|
|
 |
$0 (Zero, Premium, Cent), $5,000 (Premium Pro), €100 (Pro) |
|
AVG 1.3 pips |
|
|
 |
$10 (Standard, Standard Cent); $200 (Pro, Raw Spread, Zero) |
|
AVG 0.9 pips |
|
|
 |
$50 |
|
AVG 0.15 pips |
|
|
 |
$5 |
|
MIN 0.8 pips |
|
|
 |
$200 |
|
AVG 2.1 pips |
|
What are Cent Accounts?
Cent trading accounts are a type of forex trading account that allows traders to trade with micro lots, which are 1/100th the size of a standard lot. This means that instead of trading with a standard lot size of 100,000 units, traders can trade with a lot size of 1,000 units. Cent accounts are designed to provide traders with a more affordable and lower-risk way to trade in the forex market.
The concept of cent trading accounts is based on the idea of fractional trading, where traders can trade with smaller positions and still benefit from the fluctuations in the market. Cent accounts are typically offered by forex brokers as a way to attract new traders and to provide a more accessible way for traders to enter the market.
Cent trading accounts function in a similar way to standard trading accounts, but with some key differences. The main difference is the lot size, which is much smaller than a standard lot. This means that traders can trade with smaller positions and still benefit from the fluctuations in the market. Cent accounts also typically have lower minimum deposit requirements, which makes them more accessible to traders with limited capital.
Typical Features of Cent Accounts
Cent accounts typically have several features that distinguish them from other account types. One of the main features of Cent accounts is the ability to trade with micro lots, which allows traders to control their risk exposure. Cent accounts also often have lower minimum deposit requirements compared to Standard accounts, making them more accessible to traders with limited capital.
Additionally, Cent accounts may have tighter spreads, which can help reduce trading costs. Some Forex brokers may also offer Cent accounts with leverage, which can amplify trading gains, but also increases the risk of losses. Other features of Cent accounts may include access to trading platforms, technical analysis tools, and customer support. Overall, the features of Cent accounts are designed to provide traders with a flexible and affordable way to trade in the Forex market.
Who are Cent Accounts Suitable for?
Cent accounts are suitable for a variety of traders, including beginners, traders with limited capital, and people who want to refine their trading strategies. Newbies can benefit from Cent accounts as they provide a low-risk environment in which to learn and practice trading without risking a large amount of capital. Traders with limited budgets can also take advantage of Cent accounts, as they impose lower minimum deposit requirements compared to Standard accounts.
Additionally, Cent accounts are suitable for traders who want to test their trading strategies and refine their skills in a live trading environment. This can be particularly useful for traders who are transitioning from a demo account to a live account, as it allows them to get a feel for the markets without risking a large amount of capital. Furthermore, Cent accounts can be suitable for traders who are looking to diversify their portfolios and want to trade with smaller positions. Overall, Cent accounts are a great option for traders who want to trade with lower risk and smaller positions and can be a useful tool for traders of all levels.
Comparison between Cent, Standard, and Large Accounts
When it comes to choosing a Forex account type, traders have several options, including Cent, Standard, and Large accounts. Cent accounts, as discussed earlier, are designed for traders who want to trade with micro lots and have lower minimum deposit requirements. Standard accounts, on the other hand, are designed for traders who want to trade with standard lots and can meet higher minimum deposit requirements.
Large accounts are designed for high-volume traders and institutional clients, and typically have higher minimum deposit requirements and tighter spreads. In terms of leverage, Cent accounts often have lower leverage compared to Standard and Large accounts, which can be beneficial for traders who want to manage their risk exposure.
We can conclude that the choice between Cent, Standard, and Large accounts depends on the trader’s individual needs and goals. Traders who are new to Forex trading or have limited capital may prefer Cent accounts, while traders who are more experienced and have larger amounts of capital may prefer Standard or Large accounts.
Here is a comparison table for Cent, Standard, and Large trading accounts:
| Account Type | Cent Account | Standard Account | Large Account |
|---|---|---|---|
| Typical Order Size | 0.01-0.1 lots (1,000-10,000 units) | 0.1-1 lot (10,000-100,000 units) | 1-10 lots (100,000-1,000,000 units) |
| Typical Minimum Deposit | $10-$100 | $100-$1,000 | $1,000-$10,000 |
| Typical Stop-Out Level | 20-50% | 20-50% | 10-30% |
| Scalping and Hedging | Limited (e.g. only allowed with certain instruments) | Allowed (e.g. with all instruments) | Allowed (e.g. with all instruments, including exotic pairs) |
Note: The values in this table are examples and may vary depending on the Forex broker and the specific account type.
Benefits of Trading Forex with Cent Accounts
Trading Forex with Cent accounts offers several benefits that can be advantageous for traders, particularly those who are less experienced in the market or have limited capital. One of the primary benefits is the ability to trade with micro lots, which allows traders to control their risk exposure and manage their positions more effectively. This can be especially useful for traders who are still learning the ropes of Forex trading and want to minimize their losses.
Additionally, Cent accounts often have lower minimum deposit requirements, making them more accessible to traders with limited capital. This can be a significant advantage for traders who want to start trading with a small amount of money and gradually increase their investment as they gain more experience and confidence.
Another benefit of Cent accounts is that they provide traders with the opportunity to test their trading strategies and refine their skills in a live trading environment. This can be particularly useful for traders who are transitioning from a demo account to a live account, as it allows them to get a feel for the markets without risking a large amount of capital. Furthermore, Cent accounts can be a useful tool for traders who want to diversify their portfolios and trade with smaller positions, as they can be used to hedge against potential losses or to take advantage of small price movements.
Disadvantages of Trading Forex with Cent Accounts
While Cent accounts offer several benefits, there are also some disadvantages to consider. One of the primary disadvantages is that the profits from trading with micro lots can be limited, which can make it difficult for traders to generate significant returns on their investments. Additionally, Cent accounts may have higher spreads compared to Standard or Large accounts, which can increase the cost of trading and reduce the potential for profit.
Another disadvantage of Cent accounts is that they may have lower leverage compared to other account types, which can limit the potential for traders to amplify their gains. Furthermore, some Forex brokers may have restrictions on the types of trading strategies that can be used with Cent accounts, such as scalping or hedging, which can limit the flexibility of traders.
Additionally, Cent accounts may not be suitable for traders who want to trade with larger positions or who need to execute trades quickly, as the smaller lot sizes and lower leverage can make it difficult to achieve this. Overall, while Cent accounts can be a useful tool for traders, they are not without their limitations, and traders should carefully consider their needs and goals before choosing this type of account.
Trading Conditions to Consider when Choosing between Cent and Standard Size Accounts
When choosing between Cent and Standard size accounts, there are several trading conditions to consider. One of the primary considerations is the minimum deposit requirement, as Cent accounts often have lower minimum deposit requirements compared to Standard accounts. Traders should also consider the leverage available with each account type since Cent accounts may have lower leverage compared to Standard accounts.
Additionally, traders should also pay attention to the spreads and commissions associated with each account type, as these can vary significantly and impact the cost of trading. Another important consideration is the lot size due to the fact that Cent accounts trade with micro lots, while Standard accounts trade with typical lot sizes, which may suit the preferences of traders better.
When choosing account types, traders should also consider the trading platform and tools available with each account type, as these can vary significantly and impact the trader’s ability to execute trades and manage their positions. Furthermore, it is advised to check the level of customer support and education provided by the Forex broker, as this can be an important factor in determining the overall quality of the trading experience.
Overall, traders should carefully evaluate their needs and goals before choosing between Cent and Standard size accounts, and should consider a range of factors, including the minimum deposit requirement, leverage, spreads, and lot size, in order to make an informed decision.
Conclusion
In conclusion, Cent accounts can be a useful tool for Forex traders, especially inexperienced ones or those who with limited capital. They offer several benefits, including lower risk exposure, lower minimum deposit requirements, and the ability to trade with micro lots. However, they also have some disadvantages, such as limited profits, higher spreads, and lower leverage.
When choosing between Cent and Standard size accounts, traders should consider a range of factors, including the minimum deposit requirement, leverage, spreads, and lot size. Ultimately, the choice between Cent and Standard size accounts will depend on the individual needs and goals of the trader, and traders should carefully evaluate their options before making a decision. Whether you are a new trader or an experienced trader, Cent accounts can be a valuable addition to your trading arsenal and can provide a low-risk and flexible way to trade in the Forex market.
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What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.