Cent account Forex trading explained for dummies by ForexSQ experts, Learn what is Forex cent account and who are in the list of top 10 cent account Forex brokers in the world.
What Is a Cent account in Forex Trading
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Forex Cent accounts are trading accounts in the online currency trading market whose deposit is measured in cents, FX Trading accounts dealing in cents are handled the same way as standard account with exception much lower minimum deposit and trading lot size.
Cent Forex Account Advantages
Cent accounts can be very useful foremost for Forex beginners since they allow trading with a real deposit. Cent account balance is indicated in cents, which helps beginners get accustomed to seeing sums of many thousands on their accounts. Cent account is a kind of a transitional stage between demo and dollar accounts being a first step into a real trading, an opportunity to decrease the minimum available position size to 0.0001 of a standard lot. There is no minimum or maximum deposit and no other specific requirements to open a cent account.
The disadvantage of cent accounts is that the majority of Forex brokers offering such a service limit the maximum account and position size to keep the usage down to a minimum. Also, the cent accounts are associated with higher quote spreads to compensate brokers.
Cent Account Forex Brokers
Fxpro
Fxpro Forex Broker Founded in 2006, London-based FXPro is an online broker offering cent Forex trading account along with CFD’s. The MT4, MetaTrader5 and cTrader online trading platforms are available.
XM.com
The XM.com forex broker was established in 2009 in the Republic of Cyprus using the name Trading Point of Financial Instruments Ltd. The broker is regulated by CySEC as well as the UK’s Financial Services Authority (FCA), XM cent account starts as low as $5.
Alpari
Alpari Ltd was created in Russia in 1998 but moved its headquarters to the UK, Alpari UK has merged with Alpari Global and is regulated by FCA in United Kingdo, Alpari is one of popular brokers providing Forex trading cent account in UK and Europe.
FXTM
FXTM is an acronym for ForexTime.com, which is a new platform to the world of forex investing, The FXTM forex broker is owned and operated by its holding company FT Global Services Ltd and is based in Cyprus, Belize and Europe’s trading capital of London, UK.
Exness
Exness Group was founded in 2008 and regulated in Cyprus by CySEC, the broker provides Forex Cent accounts, as well as micro, mini and standard accounts.
IG Group
IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders.
While the majority of the IG Group’s activities are based in the UK, the company has expanded internationally. IG Markets is the oldest broker in the top Forex trading brokers list.
Plus500
Plus500 was established in 2008 as an online international trading platform that is popularly used in Asia, Europe and Australia and elsewhere in the world.
CMC Markets
CMC Markets is licensed and regulated by the Financial Conduct Authority of the United Kingdom (FCA), one of the strictest regulatory agencies in the world.
eToro
eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom.
HYCM
HYCM previously known as HY Markets broker is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom.
City Index
City Index was founded in the UK in 1983 and now enjoys a global footprint that includes the US, Singapore, China, Poland and Australia.
Markets.com
Markets.com maintains its headquarters in Cyprus, UK and is an investment services firm that is operated by Safecap Investments Limited (Safecap), which was founded in 2006 and is a subsidiary of Playtec PLC.
AvaTrade
AvaTrade was founded in 2006 in Dublin, Ireland and is licensed and fully regulated in the EU and BVI, as well as Australia, Japan and South Africa.
ETX Capital
ETX Capital is a broker that was established in 2002 and is headquartered in London, England.
EasyMarkets
The easyMarkets broker is the result of the re-branding of “easy forex“, the name under which this broker was established in 2003. The easyMarkets firm is headquartered in Limassol Cyprus and maintains satellite offices in London UK, Sydney Australia and Warsaw Poland.
London Capital Group
London Capital Group Ltd or LCG was founded in 1996 in the United Kingdom and regulated by the Financial Conduct Authority (FCA) of the UK.
FxStay
FxStay is operated by professional money managers team, Their team of international hedge fund managers and traders have been trading in the online foreign exchange (fx) market since 2008. Their team are available to help you learn fx trading on your own or rely on the assistance of experienced investors with a VIP managed Forex account for use in Fx market, stocks, bonds, oil, metals, CFDs, real estate, binary options and startup investments.
Best Cent Forex Broker In Australia
Pepperstone broker is founded in Australia, Melbourne and has offices in USA, Dallas and China, Shanghai. Pepperstone is one of top Australian online retail foreign exchange broker specializing in Forex trading Cent account.
Best Cent Forex Banks in Swiss
Dukascopy Bank
Dukascopy Bank SA is known for its transparency in its Swiss SWFX market place. In June 2011, the product is officially referenced on Dukascopy Bank‘s official web site.
Swissquote Bank
Swissquote Group Holding SA is a Swiss banking group specializing in the provision of online financial and trading services.
U.S. Top Forex Cent Brokers
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Oanda
Oanda broker is a Canadian-based Forex company providing currency conversion, online cent forex trading account, online foreign currency transfers, and Forex information. The Oanda cent account starts from $1.
To know more about what is cent Forex Trading and Forex cent account brokers you can visit www.MiniForex.com website by click here.
