Did you know that some forex brokers offer you the choice of trading with cent accounts? This can be a great way for new traders to get more experience on the forex market.
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Best Cent Account Forex Brokers
Here is a list of the brokers that we think offer great cent accounts.
Broker | Features | Broker Review | Visit |
 | * 1:1000 leverage * 1200+ instruments * $50 Min. Deposit * Tight spreads | ||
 | * 1:1000 leverage * 210+ instruments * $15 Min. Deposit * Free education | ||
 | * 1:500 leverage * 1000+ instruments * $100 Min. Deposit * Crypto CFD trading | ||
 | * 1:500 leverage * 800+ instruments * $100 Min. Deposit * African Broker | ||
 | * 1:500 leverage * 80+ instruments * $200 Min. Deposit * Excellent support | ||
 | *1:500 leverage | ||
 | * 1:2000 leverage * 140+ instruments * Great bonuses | ||
 | * 1:1000 leverage * 130+ instruments * $5 Min. Deposit * Raw spreads | ||
 | * 1:1000 leverage * 200+ instruments * $1 Min. Deposit * Copy trading |
What Is A Cent Account?
Cent accounts are live trading accounts. They allow traders to trade with a balance measured in cents instead of the US dollars. They are handled the same way as any US dollar account with the only difference being the nominal amounts.
Why Trade With Cent Accounts?
- Small Budgets – Cent accounts are great for new traders. This is because they allow you to start with less budget and a smaller minimum deposit. They also allow you to make smaller, less risky trades.
- Better Training – Cent accounts offer a kind of a transitional stage between demo and dollar accounts. They make it easier for new traders to get used to operating in a live trading environment.
- Better Testing – Cent accounts are also great for more experienced traders. This is because they allow you to test new strategies or try out new tools in a less risky trading environment.
How To Choose The Best Cent Account
- Low Minimum Deposits – One of the main advantages of trading with cent accounts is easy market access. To keep things simple, look for brokers that are offering a low minimum deposit and convenient payment options.
- Low Trading Costs – One of the other main advantages of trading with cent accounts is that it requires less budget. To keep your costs low, look for brokers that are offering good trading conditions and tight spreads.
- Secure Trading Environments – One of the top priorities for all new traders should be finding a reliable, regulated forex broker. To keep your money safe, look for licensed brokers that are offering good client fund protection.
For more information about the best forex brokers in Nigeria, check out our forex broker reviews.