Cent Account Trading - How to Open Cent Account

There are many different types of accounts available to anyone who wants to invest in the market. market is a highly trading leveraged market for speculating on price valuations. Traders can purchase big amounts of trading units using leverage. However, trading on leverage is very risky & there are different types of accounts available to help traders better manage their risk.

It is therefore important that the trader consider what they want to get out of their account, before deciding on the account type to open.

Cent Account

These accounts are often appropriate for a beginner trader trader. The risks for this trade size are low and these accounts can sometimes be opened with only a $10 minimum balance.

A Trading cent account is generally used by new traders who wish to experience a live environment without risking a big amount of money. Cent accounts allow the trader to trade in cent lots. What is Trading Cent Lot - 1 cent lot is one - tenth of a mini lot & one-hundredth of a standard lot.

Cent accounts are generally best suited for account balances which are between $100 and $1,000.