Cent Account

As implied by the title, a Cent Account deals with (yes, you guessed it) cents. Deposit 5 dollars and your account will have a balance of 500 cents, deposit 10 dollars and they will be reflected as 1000 cents. There are no major differences in the structure of traditional accounts and cent accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in cents.

At ForexTime (FXTM) the Cent Account is available on Standard MT4 accounts and for those wishing to test it out first, we've developed a demo version of the account too.

Why Open a Cent Account?

• With a minimum deposit of only USD 10, our Cent Account provides quick and easy access to the markets and live trading 
• Traders can test their Expert Advisors without spending large sums of money to do so
• Cent accounts are ideal for newbies - they give a taste of forex trading with real funds and insight to the psychology behind the experience, with a much lower risk
• The advantages of a Cent Account help create more windows of opportunity in a simpler trading environment

What's the philosophy behind it? The Cent Account has been designed for small depositors and newcomers to the forex industry. It's most suitable for those who wish to trade with a lower deposit and grants access to the markets to all those who want to trade but cannot risk losing too much. Furthermore, it acts as a smooth shift from demo accounts to real accounts as it gives traders the chance to become familiar with using a forex account before trading with large sums of money.