A cent account is a type of trading account with a Forex broker whose unit of measurement is a cent.

Forex cent account serves as one of the basic platforms for training novice traders. This is due to the low risks in trading and the chance of losing an acceptable amount of money by a trader with any income level. Opening a cent account is no different from opening a classic trading account with a broker.

The display of a cent account in the terminal differs from the display of a classic trading deposit. For example, you deposited $30 to your account. Since cents serve as the unit of measurement, when replenishing a cent trading deposit, your balance in the trading platform will be displayed as 3000s.

What happens to the volume of a trading position? The volume of a trading position does not change, so even novice traders can easily figure out how to set a safe position volume for trading on the Forex currency exchange.

It is best to start testing simple strategies in the foreign exchange market with a cent account. , in trading currency pairs on a cent account, are an attractive opportunity for a novice trader to start making money.

5 Benefits of a Cent Account

Forex cent account has a number of advantages in trading for dummies or beginners on the stock exchange. We suggest you familiarize yourself with the 5 main advantages of a cent account:

1. Small amount of trading deposit.
2. Low risks.
3. Little chance of losing a trading account.
4. Real emotions in trading. This is not a demo account on the exchange.
5. The loss of a cent account will not affect the financial well-being of a trader in any way.

A cent account has significant advantages over a demo account. Unfortunately, using a cent account on the Forex exchange has its drawbacks.

3 disadvantages of cent accounts on the exchange

What are the disadvantages of cent accounts in Forex? Cent accounts have the following 3 disadvantages for a novice trader:

1. Little profitability.
2. Emotions are real, but still far from the emotions on classic accounts with a broker.
3. Irresponsibility due to the lack of fear of losing a small trading deposit.

The disadvantages of a cent account should not be an obstacle for a novice trader to receive training in the real foreign exchange market.

Learning to trade in the real market

Despite all the shortcomings, if a novice trader is serious about trading, with the help of a cent account in Forex, you will have a real opportunity to get practice in real conditions. You should save every cent like $10 or $100.

You should be happy with every penny earned when a Take Profit order is triggered. You need to keep the cold calculation of cent account trading and eventually transform it into a classic account dominated by much higher amounts of money.

You should not have a choice: a demo account or a cent account in Forex. For a full-fledged training in trading currency pairs on the stock exchange, it is recommended to use a cent account right away. Such a step will allow you to conduct high-quality training “in real combat” and does not carry a large potential risk for you due to the small amount of the trading deposit.

How to open a Forex cent account with a broker

Not all brokers provide the opportunity to open a cent Forex account, so you should familiarize yourself with the trading conditions on the website of the broker you are inclined to open a trading deposit for playing on the stock exchange.

Hello, dear readers of the financial and investment portal "site"! In the current review, we will consider the Forex Club brokerage company, which has earned the recognition of more than a million traders from all over the world, thanks to innovative trading tools and the best service conditions in this segment.

Investments

Forex Club has several investment platforms. Investors will be able to choose several suitable investment vehicles for investing their capital.

1. Investment in Model portfolios

Model portfolios– every quarter and year, Forex Club Academy experts form an investment portfolio of promising trading instruments for which profitability is expected. Each of the portfolios formed by them allows you to choose the required level of risk and return. All model portfolios are formed at the beginning of reporting periods (year, quarter), however, you can invest at any time.

2. Libertex

Good day, novice traders! This article is especially for you :-) . I will make it in the form of step-by-step instructions, it will be more convenient. To do this, I myself will open a forex account and show you how to do it.

First you need a forex broker with whom we will open an account. I have been trading with the company for several years, and I will show you by its example. By the way, this broker has a very good and best reputation in Russia, which is why I chose it. All right, let's get started!

How to open a forex account?

1. First, we need to register a personal account, and only then it will be possible to open trading accounts. In general, the entire procedure for opening a Forex account takes about 5 minutes, if not less. So, we register an office by.

We fill in personal data in the window that appears, I advise you to leave truthful information, since the deposit / withdrawal of funds depends on this. Here's how I did it:

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We fill in the passport number (in the future it will be required for depositing / withdrawing funds), leave the field "Introducing Broker ID" empty, put the necessary checkboxes and click "get code". The code comes within a minute, either by SMS or by e-mail. Enter it in the required field and click "get started".

Congratulations, you have registered your personal account! Half way done :-) .

The following window appears:

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The personal account number and password are sent to the e-mail that you specified, they will be required in the future to enter. And now put a tick "go to your personal account" and click "continue".

2. Now you need to open a trading account to work on Forex. After going to the personal account, we get to the trader's desktop, where there is a widget "open an account", in the figure below it is shown with a red arrow:

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Click on the widget and go to the following page:

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Select "real account". In the drop-down menu, click "trade", see below (although you can open or try to invest, the procedure is the same):

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Now you need to decide on the type of account, if you are opening for the first time, then I advise you to choose standard.mt4. Features can be found at. Account currency - dollars, rubles, euros or gold, your choice. We look at the picture and click "continue".

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On the next page, confirm the accuracy of the entered information. In the future, I advise you to send a scan of your passport, this is necessary for your own safety, a reliable broker will not register accounts for anyone who knows. We press "continue".

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All! Now you have learned how to open a forex account! Your account data appears on the screen, I advise you to save it in a separate file or write down your login, password, phone password and server.

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In the side column, you can always see any information on the account, marked in red in the figure.

3. To get started, it remains to download the MT4 terminal, the link is given under the registration data, in the figure above there is a green “download MT4” button. After installing the terminal (installed as a regular application), run it, a data entry form appears:

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Enter your username, password and select a server.

This completes the Forex account registration! To start trading, it remains to replenish it, how to do it?
Let's tell, if already started :-) .

How to fund an account on Forex?

In Alpari, everything is done from your personal account, which is very convenient. After authorization in the personal account, in the side column on the left, select your trading account, press the left mouse button, a menu appears where the “deposit” item will appear. See the picture below.

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After that, you get to the replenishment page, where you can choose a method, read the instructions and other information about the transfer. But it's up to you to choose :-) .

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That seems to be all, I tried to write as detailed as possible.

By the way, starting registration on this one, you will automatically receive a small bonus every month, I am running a special promotion for my readers. With active trading, it reaches 3-5%.

If you have any questions, feel free to write, I'll tell you everything and explain!

This completes the instruction on how to open a forex account. I invite you to subscribe to blog updates by mail in the form below, so you will be the first to know about new materials. Or add me on social networks, where I announce posts. You had a private trader with you, bye!

P.S. I've never seen this happen in slow motion, interesting video!

Hello dear friends! I'm sure most of you want to learn how to trade and take no chances wherein big money. A demo account does not help everyone in this matter, it affects psychological component- on a subconscious level, the trader will understand that he does not risk real money and treats trading without unnecessary emotions. Forex cent account solves this problem. You will immediately start working with real money, you will be able to comply with the most stringent money management but you won't have to spend a lot of money to open it.

Today we will pay attention not only to the advantages of a cent account compared to trading with virtual money. The question of choosing a broker with which it is better to open a cent account will be raised, so make yourself comfortable and join the review.

Cent account or demo trading

Some brokers emphasize that they open a demo account completely free of charge and " gives several thousand dollars on it. This is nothing more than a marketing ploy: working on a training account, you are dealing with virtual money. This balance is just numbers in the trading terminal, you will not be able to withdraw them.

Technically, demo trading is no different from working with real currency. Transactions are concluded in the same way, the terminal is the same, you can try out a trading strategy or an adviser and do not risk real money. The site has a separate one, read it if you haven't already done so.

But important for beginners emotions. And you won’t get them by working with virtual money. Is it possible to feel the risk when you know that in case of failure through your personal account, you can replenish your account for any amount without spending a single dollar at the same time?

Benefits of working with a cent account

The main advantage is the ability to manage money on any strategy or Expert Advisor with costs less than $100. Each cent in the terminal will be displayed as $1, hence the name of this account type. If $20 is deposited, the balance in the terminal will be $2000. This does not mean that the broker, out of the kindness of the soul, increased your money 100 times: the capital grew only virtually. But this is an effective psychological trick - although the trader knows that his capital is small, the terminal displays two orders of magnitude larger amounts.

There are several advantages to this approach:

• Can try out the TS or advisor with any money management and you don’t have to invest a lot of money in the market;
• A trader gets used to working with large amounts. When switching to a regular account, there will be no fear of entering into transactions due to the increased volume;
• If the strategy or adviser involves the use martingale, a cent account provides a greater margin of safety compared to a regular dollar account.

Serious deficiencies this type of account No. There are differences in terms of trading, for example, fewer instruments are available on a cent account, the execution of orders is slightly slower, the bonus policy may not apply to this type of account. But these features are not critical. The video below compares different account types.

Comparison of cent and dollar account

If you are faced with the question of opening a cent account or a regular one, I recommend relying on trading experience, psychological And financial possibilities. In the case when your ceiling is $100-200 and there is no trading experience, a cent account is an ideal choice.

If we compare it with a regular dollar account, the main difference lies in the pip price. This directly follows from the fact that on a cent account, each cent corresponds to 1 dollar in the terminal.

We will study the differences between types of accounts using the example of a broker Forex4You . For a regular account, the minimum lot size is 0.01; for the EURUSD currency pair, the pip price is $0.1.

For a cent account, the minimum lot is also 0.01. But in the account currency, the pip value will be only 0.1 cents or $0.001.

For a lot of 0.5 and a loss of 100 points, the losses will be:

• On dollar account will be $500 .
• On cent – $5 .

This is the main difference between standard and cent accounts. It is problematic to measure the difference in the execution of requests, moreover, in most cases, the difference in tenths of a second does not play a role.

Opening a cent account on the example of the broker Exness

Many Forex brokers offer to open cent accounts, but I recommend already at this stage choose a company responsibly. It's easier to register with reliable broker. And then, when you gain experience, you won’t have to waste time searching, registering and verifying again.

I gave Exness as an example not by chance. It has some of the lowest spreads in the industry and virtually no slippage. This company - great choice for experienced traders, here you can start with a cent account, gain experience and then migrate to a classic account, continuing to work with a larger amount.

Registration instructions look like this:

1. On the Exnes website in the Trade tab, select the item " Open an account»
2. A window will appear with a list of available accounts. There are 2 types of accounts for MT5 − Mini And classic. Switch to MT4 and we see in the list of available, in addition to the classic, mini and ECN accounts, also Cent. In the same section, in the upper right corner, you can download the trading terminal. To do this, click on MetaTrader4 and download the trading platform
   
3. After clicking on " Open account» the registration form appears. It contains a mobile phone number, email, password
   
4. Next stage - verification of mobile phone number and email
   
5. General information– after verifying the number and email is entered Full name, Date of Birth. The trader confirms that he is neither a citizen nor a resident of the United States
   
6. Security Settings- here SMS or email is selected. SMS is a more reliable option
7. Personal information- indicates the current address of residence, passport data. When filling out the form, indicate only the real address of residence, it must be confirmed when verifying data
   
8. Now opens directly trading account. To open a cent account, switch to the MetaTrader 4 trading platform. When registering an account, the leverage is available in the range up to 1:2000 There are other currencies besides the dollar. Passwords wherein I recommend keeping it separate., they are not sent to email for security reasons
   

This completes the account registration, you can proceed to replenish it and start trading. An email arrives with the trading account number and the server. It must be selected when launching MetaTrader 4.

In the terminal, compared to working on a classic account, nothing changes at all. Only in the names of currency pairs is added the letter " c”, which indicates the type of account.

New account opening and verification

When you want to open another account with this broker in the future, no need to re-register. All open accounts are displayed in your personal account, to create a new one, just click " Open a new trading account”, select its type and set the details (leverage, currency).

Even if you are not going to deposit a large amount yet, I recommend do not delay verification. In most cases, this process does not cause problems, but sometimes there are delays, and it is better to be safe by going through it right away.

As for other brokers, in general terms, the registration process remains the same. It has been posted before, I highly recommend you check it out.

Start your trading journey with Exness

Where to open a real account and start trading

Below I will give a brief description of 3 brokers with which it is quite possible to earn good money. A full description of each of them can be found on the website.

Exness

The company clearly relies not only on beginners, but also on professional traders. In terms of trading conditions, it competes with top brokers.

From strengths I note:

Due to the support of cent accounts, the broker suitable for beginners.

Open an account with Exness

Just2Trade

Relatively recently Finam bought Just2Trade, now this company has become a real European broker and operates in more than 40 countries around the world. Although the registration of the company is offshore, but it belongs to the category reliable.

Key facts about the broker:

• cent accounts him No;
• The most favorable conditions for working with shares, a small commission + a single account (here it is called MMA), providing access to global platforms. The broker cooperates with local exchanges, which made this possible;
• Finam calls it a child structure, this automatically makes trading as reliable as possible;
• You can start working with shares from as little as $200 is the minimum possible entry threshold for the stock market.

I would call the company station wagon". On the one hand, there is no concentration only on Forex, on the other hand, the entry threshold has been reduced to a minimum, and even a beginner will be able to work with stocks. Thanks to cooperation with regional exchanges, it allows you to work with papers that most other companies do not have. The fact that it will not work to open a microaccount here, I would not put it as a disadvantage.

Open a brokerage account for investment

fxpro

The company does not interfere with trading and does not create difficulties for clients with the withdrawal of earnings. In terms of trading conditions, it is somewhat inferior to Exness. Of the features I note:

• On the market for over 10 years;
• Regulated CySEC, FCA, there is also an African regulator FSB;
• In addition to MT4, there are web platform And cTrader;
• No PAMMs, instead there is a SuperTrader service. It selects a strategy and then your money is managed by a robot that trades on this TS. The same PAMM, but an advisor works instead of a real manager;
• Eat FxPro Quant is a service for creating trading robots.

Otherwise, the company stands out from the competition with very low spreads and minimal slippage, so FXPro recommend to work.

Open an account with a reliable broker FxPro

conclusions

Brokers with cent accounts are not uncommon, this is a good method of attracting clients, so companies are willing to adopt it. For a trader, this is a great opportunity to feel the right emotions with minimal financial losses. For this reason I would recommend considering a cent account as a full-fledged replacement for a demo account.

I'm convinced it's better to spend $10-$20 and open your first real account(albeit a cent), and then switch to a classic or Pro-account, rather than trading virtual dollars for months. I personally know several people who are stuck in the virtual trading stage, they constantly postpone the transition to real money. Cent Accounts Avoid This Trap.

As for the recommended brokers, I personally experienced all the companies listed above. That's the only reason I recommend them to you. On this note, I end the review, I hope you listen to my arguments. If you disagree or have questions- Necessarily write about it in the comments, And we discuss controversial points.

AND don't forget to subscribe to blog updates. Materials are published regularly, judging by the responses, they are useful to you. Subscribing will allow you not to miss the next article. Thank you for your attention and see you soon!

If you find a mistake in the text, please highlight a piece of text and click Ctrl+Enter. Thanks for helping my blog get better!

How to open a real account on the Forex exchange for a beginner? detailed instructions

Today, many users are looking for an opportunity to earn money on the Internet. Most lean towards Forex, indeed, there are unlimited opportunities in this market. To one degree or another, almost everyone has heard that you can make good money in the Forex market. Perhaps your friends have been earning on the stock exchange for a long time. It may seem to a beginner that opening a Forex account is difficult and requires special knowledge, but this is usually not the case.

To open a trading account, a beginner does not need any serious knowledge and skills, everything is very simple and clear. The only thing you need to start trading on the Forex exchange is to familiarize yourself with the principles and concepts of the Forex exchange itself.

The concept of the Forex currency exchange

In simple terms, the meaning is:

Forex exchange is an exchange office, like in any bank, you buy one currency for another. For example: in a bank you give rubles and buy dollars or euros, I think many people did this. Then, when the exchange rate of these dollars or euros became more expensive, you again go to the bank, sell them and get rubles back, and the difference (in Forex it is called profit) you get into your pocket. This is in a nutshell, so that you understand the essence of the process.

Nowadays, everything has been simplified, you do not need to go to the bank, everything can be done at home, via the Internet. You choose a broker (Dealing Center), of which there are now a lot, a broker (Dealing Center), this is the same bank, but only on the Internet. You can choose any broker for yourself by familiarizing yourself with it on this page. Download to your computer a trading terminal, "MetaTrader 4", this is a program through which you will make transactions (buy or sell), any Forex broker has it. And start buying or selling whatever your heart desires.

It can be a currency (see the list of popular ones), metals (they are described), such as: gold, silver, platinum and palladium. Yes, they can also be bought and sold. You can make money on oil, (look at schedule, it will be interesting), especially since oil is now more popular than ever. All this can be done at home, "lying on the couch" and not going anywhere.

Today, the Forex exchange operates 24 hours a day, 5 days a week. Weekends as usual, Saturday and Sunday. According to this principle, many people, banks, financial corporations, and everyone who is not lazy to trade and earn money, and this is true without exaggeration. So to be afraid and not to trust it is just stupid. Read or look at You Tube how people make money, you will understand that you can do the same, maybe better.

What account to open on Forex?

Depending on your knowledge of the Forex exchange and financial capabilities, you can open any account at a Forex broker, replenish your trading account, start earning: by buying and selling any assets presented in the MetaTrader 4 terminal. There are several types of trading accounts. When opening a trading account, you need to pay attention first of all to the style of trading (Will your style be aggressive or conservative?) and the size of your trading account, that is, how much money you have in your account. From these parameters, the accounts are divided into:

Demo (Demo account)- This account is opened by all traders who have been trading for more than a day, to test their trading strategies and novice traders who are just starting to learn the trading terminal "MetaTrader 4". But it is not recommended to get involved in trading on a Demo account, since then it is difficult for a beginner to psychologically switch to a real trading account, because of the fear of losing their funds on a trading account.

Cent (Cent account)- This is a real account and trading is carried out with real money. Typically, such an account is opened by traders who have small deposits up to $1,000. It is recommended to open a cent account for beginners. If on a regular account the balance is displayed in 1000 dollars, then on a cent account, the balance will be displayed in 100,000 cents. On a cent account, you can trade with a volume of 0.1 lots, which is the equivalent of 1 cent per pip. Such trading is considered safe and conservative.

Micro/Mini (Micro/Mini account)- These are already dollar accounts that require certain conditions for the size of the deposit. In order to open a real Forex account of the Micro or Mini type, you need to make a deposit ranging from a few hundred to a thousand dollars. Each broker has slightly different requirements for opening such accounts. In any case, they are characterized by trading with minimal (0.01) and small (0.1) volumes. Such accounts belong to the category of more professional ones.

Classic (Classic account)- Are you ready to deposit several thousand dollars? Do you have a complete understanding of the Forex market? Are you good at technical, wave and fundamental analysis? Do you have good trading experience? Then this type of account is for you.

Pro (Pro account)- Such accounts are preferred by professionals with a deposit of $10,000 or more. On such accounts, the risks and profits are much higher than on a regular trading account. You can trade on such accounts only with a good deposit and an excellent understanding of the market situation.

PAMM (PAMM account)- This is a trust account management. The bottom line is that a client who absolutely does not know how to trade on the Forex exchange, but who has a certain amount of money (now you can start with $ 10), comes to a Forex broker as an investor, entrusts his funds to the chosen manager.

The manager can only trade with the investor's funds, but does not have the right to dispose of them (withdraw, exchange, etc.). Profits and losses are divided between the manager and the client, depending on the terms of the agreement concluded between them. A successful manager can take in trust the funds of several tens or even thousands of investors (this is often practiced).

In fact, a PAMM account is not a trading account. It is recommended for those who do not know how or do not want to trade on their own, but have a certain amount of money and are ready to give it to trust management, taking into account all the risks.

Choosing and opening an account with the right Forex broker

You have decided to make money on the Forex exchange. You must first select and open an account with the right Forex broker and have the opportunity to learn and develop yourself, without extra expenses. Almost every Dealing Center offers very attractive conditions for trading at first glance. Bonus when replenishing a trading account, return of the spread (this is a fee from each transaction when you open a position to buy or sell), etc. This is certainly tempting, there is nothing wrong with that, all because every Forex broker is fighting for his future client.

Now there is practically no deception, as it used to be. Each Forex broker values ​​its client and tries as much as possible to create ideal conditions for trading. At the moment, there are such Forex brokers who pay a commission when replenishing and withdrawing funds to payment systems. Since commissions can reach up to 5 percent of the amount replenished or withdrawn, and this is serious money. Each Forex broker has different advantages, a beginner needs to correctly determine the best trading conditions from the variety that is presented on the brokerage market.

Now there are many Forex brokers, but it is necessary to give preference to those who have been working on the market for more than a year. Conducts various contests and promotions who encourages its client. If you choose your future Forex broker for whom you will work for a long time, you first need to know everyone who exists and provides brokerage services. From list, after familiarizing yourself with each, you need to choose one single. The Forex brokers page contains the entire list of the most reliable and trusted brokers who have been working for more than a year and have proven themselves on the positive side.

1. how to open and close deals;

2. how to place pending orders and what it is in general;

3. how to open currency charts;

4. how to switch the time interval (time frame), from M1 (minute chart) to MN (monthly chart);

And much more, of course, it's hard to do if you don't know where to start. So that you do not get confused, after downloading and installing the MetaTrader 4 terminal on your computer, press the "F1" key and the "Client Terminal - User Guide" window will open in front of you (see figure).

Further, I think you don’t need to explain anything, you will understand everything yourself, in this manual, everything is written clearly and point by point that even a child will understand. In this user manual, there is an answer to every question you have. You just have to carefully read everything and try it on your demo (DEMO) account.

And finally, Forex broker, which one to choose?

Since you are just a novice trader and do not have trading experience and serious amounts to replenish your trading account, I recommend opening an account of your choice with two Forex brokers, these are:

Ask why the choice fell on them. I will answer this way: These Forex brokers have accounts specifically for beginners who do not have serious amounts for trading.

●   Broker Roboforex, give a chance open cent account Cent-Fix, where you can trade with $100 in the same way as if you traded on a regular account with a deposit of $10,000. The fact is that trading on this account with a lot of 0.01, you will get not 1 cent per point (as on a regular cent account) but 0.1 cent. It's good for both learning and trading robots - advisors(What are advisors can be found on this page). A great opportunity to trade with real money and learn without risking your deposit.

●   Broker Forex4you, makes it possible to open a cent account and trade on it without paying a commission for transferring positions to the next day (swap). You can open a deal, the broker will take a fixed spread from you, and you can keep this deal open for at least a whole year. In a word, the choice is yours.