The Cent account is the perfect choice for those who want to start real trading with small investments. This account type allows you to trade in cents with smaller lots, making it low-risk.
For example, if you deposit $10 to the Cent account, you will see it as 1000 in the
trading platform, which means you will trade with 1000 cents.
Profits and losses are displayed in cents in MetaTrader as well.
1 lot on the Cent account equals 0.01 Standard lot, which reduces risks of losses and allows you to trade as little as 0.0001 Standard lot.
The Cent account has a floating spread and no commission. The maximum available leverage is 1:1000. This account is an excellent choice for beginners. However, it can also be an attractive option for experienced traders who want to test new strategies.
You can open a Cent account only via a referral link by your IB.
An IB can create the required link in their Partner Area by selecting the “Open Cent account” option:
You will have the opportunity to open up to 5 Cent accounts for MetaTrader 4 and MetaTrader 5 each, alongside your Standard ones.