FBS Cent Trading Account – First of all, this type of trading account is ideal if you are starting your trading career for the first time or you have recently switched from your demo to a real account.
FBS Cent Trading Account is one of the most popular in this category as it requires as low as $1 to start. So, anyone can easily afford those amounts and can test his trading system or strategies for the long run. In today’s article, we will briefly discuss this account, its advantages, disadvantages, and everything that can help you to choose whether it will be good for you or not!
Account Registration
As you are reading this article, we guess you have already registered yourself with the FBS broker. If you do not complete the registration yet then please follow the below-mentioned steps to complete your registration first.
The account registration process of this broker is pretty straightforward. From the very beginning, you need to use your valid email address and name to make the registration. First of all, you need to visit the broker’s official Website – www.fbs.com
In the upper right corner, you will get a button called “Open Account”. Please click that button and a short form will appear. Please use your official mail address and name and click the “Register As Trader” button.
you can also review our FBS Registration Guide from this mentioned link ->
FBS Cent Trading Account
If you have already registered, please go to your client cabinet by logging in to your account dashboard. Once you log in, you will see a button called “Open New Account“. Please click here and you will be redirected to a new page.
In this section, a list will appear where you can see all the available trading accounts that the broker offers to its clients. Please check the bottom left corner you will see an “Open Account” button in the “Cent” section.
Click the button and then a new page will appear where you need to choose your preferred trading terminal, leverage, and your account currency.
Please select your desired values here and click on the “Open Account” button. Isn’t it easy? You have successfully registered a trading account and you will be notified via an email containing all of your credentials and server information. Please have a look in your registered mailbox.
Features
A cent account is a trading account on which the balance is displayed in cents, and transactions are carried out in cents as well. It means that if you deposit $10, you will have 1000 cents in your account. Trading on the Cent account is low-risk. Therefore, it is an excellent choice for Forex novices.
Moreover, this type of account can be an attractive option for experienced traders who want to check new strategies. The Cent account allows people to trade smaller lot sizes and open an account with a lower initial deposit than any other account.
To open the Cent account at FBS, you need to make an initial deposit of $1 only – less than you pay for a cup of coffee! Here we have highlighted some key features of the cent account.
| Features | Cent |
|---|---|
| Minimum deposit | $1 |
| Leverage up to | 1:1000 |
| Spread from | 1 pip |
| Commission | 0 |
| Maximum Order Counts | 200 |
| Execution Time | from 0,3 sec, STP |
| Registration Link | Account Registration |
Pros & Cons
So let’s start with the pros first.
- The required amount is as low as $1 to start. It is often suitable and affordable for most traders, especially for beginners.
- The most important difference between Cent and other types of accounts is its account balance. For example, if you deposit $10 into your trading account then it will be reflected 1000 USC to your trading account.
- This account is specially designed for beginners so that they can focus on their trading strategies and trading performance. As a result, the broker offers a fixed spread on this account. So that spread does not have any effect on your trading whether it could be in a volatile situation or on low liquidity time.
- The Broker does not make any charges except the spread. That means all of the commission or swap fees will not apply to your trading.
- You can use any promotional offers that the broker offers. Such as 100% Deposit Bonus, Level Up Bonus, Cashback Offer
Now it’s time to be clear about some cons of the FBS Cent Trading Account.
- This account is not suitable for Experts or Professional Trader. But you can use this account to test any trading strategies.
- Profit and loss are relatively low compared to other account types but it requires additional risk management strategies cause all of the transactions will perform in USC instead of the USD.
- Spreads are relatively higher than other trading accounts. We always prefer to use a floating spread trading account cause most of the time it spreads remain low in most of the major currency pairs.
Account Comparison
Cent Account Vs Micro Account
| Account Types | Cent | Micro |
|---|---|---|
| Minimum deposit | $1 | $5 |
| Leverage up to | 1:1000 | 1:3000 |
| Commission per lot/ side | N/A | N/A |
| Spread from | 1 Pip | Fixed 3 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Cent Account Vs Standard Account
| Account Types | Cent | Standard |
|---|---|---|
| Minimum deposit | $1 | $100 |
| Leverage up to | 1:1000 | 1:3000 |
| Commission per lot/ side | N/A | N/A |
| Spread from | 1 Pip | Floating 0.5 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Cent Account Vs Zero Spread Account
| Account Types | Cent | Zero |
|---|---|---|
| Minimum deposit | $1 | $500 |
| Leverage up to | 1:1000 | 1:3000 |
| Commission per lot/ side | N/A | $20/lot |
| Spread from | 1 Pip | Fixed 0 Pip |
| Maximum Order Counts | 200 | 200 |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
Cent Account Vs ECN Account
| Account Types | Cent | ECN |
|---|---|---|
| Minimum deposit | $1 | $1000 |
| Leverage up to | 1:1000 | 1:500 |
| Commission per lot/ side | N/A | $6/lot |
| Spread from | 1 Pip | Floating -1 Pip |
| Maximum Order Counts | 200 | No Limits |
| Execution Time | from 0,3 sec, STP | from 0,3 sec, STP |
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