What is a cent account?

You can help Wikipedia by expanding it. Cent accounts are trading accounts within retail foreign exchange trading with balance measured in cents instead of the US dollars. Trading accounts dealing in cents are handled the same way as any US dollar account with the only difference being the nominal amounts.

How to trade a cent account?

Cent Account can be traded through any platform, so you need to check on the broker if it has Cent Account listed in its offerings since it’s the broker that has exposure to the market and provides the platforms. Also, have a look at what we find about Cent Accounts:

What is the difference between a cent and a micro account?

Micro accounts are generally suited for traders who want to trade with small amounts of money but still have access to standard trading conditions. (0.01 lot standard) A cent account uses a smaller unit of currency, such as cents instead of dollars, and has a lower minimum deposit requirement than a micro account.

Why should you invest in a cent account?

For the same reason, a cent account is also excellent for testing and developing your trading strategy. By making use of the low-risk advantage, you can try different trading strategies while simultaneously sharpen your trading abilities and gain new experiences. However, keep in mind that with smaller capital, you will also get smaller gains.