Exness Cent Account – As you are reading this article that means somehow you have heard about exness broker. Exness broker is very popular and globally recognized for its several services and offerings. We have already several important things about exness already. This standard lot broker has been providing very good service in Bangladesh and as well as other countries and its popularity among the traders is also very high. We have already published several important articles about this broker. For those who want to know more about this broker, please read the Exness Broker Introduction article. Also, you can check our review regarding exness in our review section. In today’s article, we will introduce you to a special trading account offered by this broker.
This article is basically for those who want to start real trading with minimum investment. Many of us often want to know, is there any way to start forex trading in a good broker with less investment? We hope you enjoy the article. So let’s get started.
The amount of investment in trade!
As we all know, there is no chance to make a profit without investing in the Forex market. if you want to start trading in real and want to make some profit then, first of all, you need to make some deposit which is called Trading Capital or you can say it is an initial investment. This initial investment varies from broker to broker and their specially designed trading account. sometimes A broker offers as low as a minimum deposit of $1 while others have a minimum investment of $2000. In fact, things change over time. However, you can read this article carefully about the amount of investment that may be required to trade, and the amount of investment in our trade. We have tried to present you with detailed information on this subject.
Exness Cent Account Introduction
The popular broker Exness offers several types of trading accounts to register and use. For Example, Standard Account, RAW Spread, ZERO Spread, and Social Trading Account.
Because each of these accounts has a one-of-a-kind facility, traders are able to trade at their own convenience. In today’s article, we will discuss, Exness Cent Account. As you may have guessed from the name, all the financial activities of this account will be through cents. That is, in other accounts such as profit or loss is calculated in dollars, the profit and loss of this account will be calculated in USC, which means cents.
As we said at the beginning of the article, today’s article is for those who want to test drive the trading system with a small amount of investment.
Why Exness Cent Account?
Often many traders ask us what will be the ideal capital to start real trading. Actually, it varies and there is no specific amount that is required to start your trade. but we suggest the followings –
- If you want to trade with a Standard Lot Broker, Capital should be as low as = $5000
- If you want to trade with a Mini Lot Broker, Capital should be as low as = $2000
- If you want to trade with a Micro Lot Broker, Capital should be as low as = $500-$1000
But you are always welcome to start at any amount as low it starts from $1-$5 only! but keep one thing always in your mind –
For those who are interested in starting a trade with a reliable broker but the amount of initial capital is low, Exness is offering its Cent Account for them.
Exness Cent Account Registration
We hope you already understand this cent account. The main difference between this cent account with other trading accounts is only in terms of profit and loss. We will discuss it more through this article but first, we have to register Exness Cent Account. Please visit the broker’s official website – www.exness.com
After clicking the link, you will be redirected to the Broker Website and from there please click Trading > Standard and then click on MT4 from there and see that there are 2 types of accounts. From there, click on the “Open Standard Cent Account” and register a trading account by selecting your residence, email address, and password.
Once the account registration process is complete, you must first verify it completely. For details on the complete verification process, please read the Exness Verification article in detail and verify the trading account accordingly.
Benefits of Exness Cent Account!
We know $1 = 100c (here “c” is cents). This means, that if you deposit $5 in the broker’s cent account, it will be displayed in the trading terminal as 100*5 = 500 USC. We hope you understand the calculation and got some ideas about the difference between other trading accounts.
- Minimum investment: The broker offers a minimum deposit of $1 for a cent account. Namely, if the amount of your initial investment is low, then you will get the benefit of starting a real trade with this reliable broker.
- Swap and Commission Free: There are no additional charges or commissions in the case of the Broker’s Cent Account. Only you can be charged spread just like brokers’ other trading accounts like Standard (formerly named Mini Trading Account).
- Same spread: For brokers who offer the facility to trade on a mini or cent account, the amount of spread is higher than their other trading account. For example, if the spread of the other account is 8 pips then the amount of spread is at least 15/16 pips in the case of a cent or mini account. But Exness offered spread is the same as other accounts. This means, no additional spreads, commissions, or swaps are charged by this broker.
- Leverage: In the case of other trading accounts, the broker offers the same amount of leverage to the client as it does to the cent account.
- Fund Withdrawals and Deposits: The main reason for the popularity of Exness brokers is the convenience of the instant fund transactions system. Namely, it does not take more than a second to withdraw funds from your trading account. The broker provides the same facility for deposit and withdrawal of cents account.
Difference between other Accounts
Cent Account Vs Standard Account
| Account Types | Cent | Standard |
|---|---|---|
| Minimum deposit | $1 | $1 |
| Leverage up to | 1:Unlimited | 1:Unlimited |
| Commission per lot/ side | N/A | N/A |
| Spread from | 0.3 | 0.3 |
| Margin Call | 60% | 60% |
| Swap-free for Muslim countries |
Available | Available |
Cent Account Vs ZERO Spread Account
| Account Types | Cent | ZERO |
|---|---|---|
| Minimum deposit | $1 | $500 |
| Leverage up to | 1:Unlimited | 1:Unlimited |
| Commission per lot/ side | N/A | $3.5/lot |
| Spread from | 0.3 | 0.0 |
| Margin Call | 60% | 30% |
| Swap-free for Muslim countries |
Available | Available |
Cent Account Vs RAW Spread Account
| Account Types | Cent | RAW |
|---|---|---|
| Minimum deposit | $1 | $500 |
| Leverage up to | 1:Unlimited | 1:Unlimited |
| Commission per lot/ side | N/A | $3.5/lot |
| Spread from | 0.3 | 0.0 |
| Margin Call | 60% | 30% |
| Swap-free for Muslim countries |
Available | Available |
Summary: For those who have less initial balance, the convenience of trading in this cent account is ideal in a word. The main difference between this cent account is that the profit and loss in other trading accounts will be calculated directly in dollars and this account will be calculated only in cents. Besides, there is no difference. In the case of this cent account, the broker offers exactly the same amount of benefits as the broker offers in their other trading accounts. For more information about the Exness Cent Account please visit the broker’s official website – www.exness.com
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