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The 7 Best Forex Brokers with a Cent Account revealed. We have rated and reviewed the best Forex Brokers that offer a cent or micro account option.
This is a complete listing of The 7 Best Forex Brokers with a Cent Account revealed. In this in-depth write-up you will learn:
- Who are the Best Cent Account Brokers
- Cent Account Minimum Deposits
- Micro Accounts – How do they work?
- The Best Forex Broker for Beginners
and much, MUCH more!
7 Best Forex Brokers with a Cent Account – A Comparison
🔎 Broker | 🪙 Cent / Micro Account | 💰 Minimum Deposit | 📊 Leverage (Up to) | 🚀 Open an Account |
🥇 RoboForex | ✅ Yes | $10 USD | 1:1000 | 👉 Click Here |
🥈 HF Markets | ☑️ Yes | $5 USD | 1:1000 | 👉 Click Here |
🏅 FBS | ☑️ Yes | $1 USD | 1:1000 | 👉 Click Here |
📌 FXTM | ✅ Yes | $10 USD | 1:1000 | 👉 Click Here |
📍 Forex4You | ☑️ Yes | $0 USD | 1:1000 | 👉 Click Here |
📌 Exness | ✅ Yes | Depends on payment system | 1:Unlimited | 👉 Click Here |
📍 XM | ☑️ Yes | $5 USD | 1:1000 | 👉 Click Here |
Cent Account – A Definition
A Forex Cent account is a trading account on which the balance is displayed and transactions are carried out in cents. A Forex Cent or Micro account is low-risk.
7 Best Forex Brokers with a Cent Account (2023)
- RoboForex – Best Cent Account Forex Broker
- HF Markets – Best Low Spread Cent Account Broker
- FBS – Best Cent Account Broker for Beginners
- FXTM – Micro Account with $10 USD Minimum Deposit
- Forex4You – Low Cent Account Fees
- Exness – High User Trust Score
- XM – Wide Range of Tradable Markets
RoboForex
RoboForex is a trusted Forex Service provider that is regulated by the International Financial Services Commission (IFSC).
RoboForex Overview
🔎 Broker | 🥇 Roboforex |
⚖️ Regulating Authorities | IFSC |
🌐 Countries not accepted for trade | US, Canada, Australia, and Japan |
☪️ Islamic account (swap-free) | ✔️ Yes |
👍 Demo Account | ✔️ Yes |
📈 Maximum Leverage | 1:2000 |
💰 Minimum Deposit | $10 USD |
💻 Platform Types | MT4, MT5, cTrader |
🚀 Open an Account | 👉 Click Here |
RoboForex Cent Account
The RoboForex cent (micro) account uses 100x denominated monetary units of the base currency (US Cent, EU Cent, etc.). The trading conditions are equal to those for RoboForex standard accounts.
🔎 Broker | 🥇 RoboForex |
📍 Account | Cent (Micro) |
🪙 Minimum Deposit | $10 USD |
⛔ Stop Out | 10% |
📎 One-Click Trading | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
RoboForex Pros and Cons
✅ Pros | ❎ Cons |
Excellent Asset Selection | Limited Crypto Selection |
HF Markets
HFM is an award-winning forex and commodities broker that is regulated by multiple leading entities including the Financial Sector Conduct Authority (FSCA), the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA).
HF Markets Overview
🔎 Broker | 🥇 HF Markets |
⚖️ Regulation | CySEC, FCA, FSCA |
💳 Minimum deposit | $5 USD |
💰 Maximum Leverage | 1000:1 |
🔘 Asset Types | Forex, Metals, etc. |
📊 Trading platforms | Web, MT4, MT5 |
💳 Supported lot | 0.01 – 500 |
💳 Demo | ☑️ Yes |
🚀 Open an Account | 👉 Click Here |
HF Markets Cent Account
The HF Markets Micro Account is specifically designed for investors who are new to the Forex Market. The HFM Micro account will allow investors to trade smaller trade sizes and open an account with a lower minimum deposit.
🔎 Broker | 🥇 HF Markets |
📌 Account | Micro |
💰 Minimum Deposit | $5 USD |
🔁 Spreads | From 1 pip |
📊 Maximum Leverage | 1:1000 |
🪙 Account Currency | USD / ZAR |
🚀 Open an Account | 👉 Click Here |
HF Markets Pros and Cons
✔️ Pros | ❌ Cons |
Well-regulated | US clients not accepted |
FBS
FBS is an award-winning, international broker with a global presence in over 150 countries across the world. The FBS global branch is run by FBS Markets Inc and regulated by the International Financial Services Commission of Belize (IFSC).
FBS Overview
🔎 Broker | 🥇 FBS |
💰 Bonus | ☑️ Yes |
📌 Regulation | IFCS |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:3000 |
💰 Minimum Deposit | $1 USD |
🚀 Open an Account | 👉 Click Here |
FBS Cent Account
The FBS Cent account is a trading account on which the balance will be displayed in cents. Transactions on the FBS Cent Account will also be carried out in cents. Trading on the FBS Cent account is low-risk.
🔎 Broker | 🥇 FBS |
📌 Account | Cent Account |
💰 Minimum Deosit | $1 USD |
🪙 Commission | $0 USD |
📊 Leverage | 1:1000 |
🚀 Open an Account | 👉 Click Here |
FBS Pros and Cons
✅ Pros | ❌ Cons |
Low stock and stock index CFD fees | Slim product portfolio |
No inactivity fee | Limited account base currencies |
Fast account opening | Limited Investor Protection |
FXTM
FXTM is a global CFD and FX broker. FXTM is regulated by several financial authorities and customer service is offered in several languages. Furthermore, multiple educational tools plus a demo account are made available.
FXTM Overview
🔎 Broker | 🥇 FXTM |
📌 Regulation | CySEC, FCA, FSC, FSCA |
☪️ Islamic Account | ☑️ Yes |
🆓 Demo Account | ☑️ Yes |
📍 Institutional Accounts | No |
📊 Managed Accounts | No |
📈 Maximum Leverage | 1:2000 |
💰 Minimum Deposit | $10 USD |
📌 Open an Account | 👉 Click Here 👈 |
FXTM Cent Account
The FXTM Micro Account is designed for traders who want a real trading experience, but are hesitant about making a big initial deposit.
🔎 Broker | 🥇 FXTM |
📌 Account | Cent Account |
💰 Minimum Deposit | $10 USD |
💵 Commission | Zero |
⛔ Stop Out | 40% |
☪️ Swap Free | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
FXTM Pros and Cons
✔️ Pros | ❌ Cons |
Multi-regulated trading provider | Inactivity fees apply |
Forex4You
Forex4You is a popular and trusted NDD and STP broker with a solid reputation. Forex4You provides access to Contracts for Difference (CFDs) and trading facilities.
Forex4You Overview
🔎 Broker | 🥇 Forex4You |
📝 Regulation | BVI FSC |
💰 Minimum Deposit | $1 USD |
🔁 Average Spread | 0.1 Pips |
💳 Commission from | $8 USD |
🚩 Deposit / Withdrawal Fees | ✅ Yes |
📈 Max Leverage | 1:1000 |
🎉 Bonuses | Yes |
🤝 Customer Support | ✅ 24/7 |
🚀 Open an Account | 👉 Click Here |
Forex4You Cent Account
The Forex4You Cent account is the best account choice for traders who wish to practice trading or to test new strategies, advisors, and indicators.
🔎 Broker | 🥇 Forex4You |
📌 Account | Cent Account |
💰 Minimum Deposit | $0 USD |
💵 Commission | Zero |
☪️ Swap Free | No |
🚀 Open an Account | 👉 Click Here |
Forex4You Pros and Cons
✔️Pros | ❌Cons |
Trading Central technical analysis | Limited regulation |
Social trading supported | Limited education |
Multiple account types offered | Limited financial instruments |
AutoChartist offered | Numerous countries restricted |
Exness
Overall, Exness can be summarised as a trustworthy and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and offers a sign-up bonus for 1st-time traders.
Exness Overview
🔎 Broker | 🥇 Exness |
📝 Regulation | Multiple |
💻 Trading Desk | Market Maker, NDD |
🎉 Sign Up Bonus | None |
➖ Min. Deposit from | $10 USD |
🔁 Spreads from | 0.1 Pips |
➕ Max Leverage | 1:2000 |
💳 Commission | Yes |
🛑 Inactivity Fee | No |
🚀 Open an Account | 👉 Click Here |
Exness Cent Account
The Exness Standard Cent Account is designed for traders who are new to the financial markets.
🔎 Broker | 🥇 Exness |
📌 Account | Standard Cent |
💰 Minimum Deposit | Depends on Payment System |
🔁 Spread | 0.3 Pips |
📊 Maximum Leverage | 1:Unlimited |
⚙️ Instruments | Forex / Metals |
🚀 Open an Account | 👉 Click Here |
Exness Pros and Cons
✔️ Pros | ❌ Cons |
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutions | There is a limited portfolio of financial instruments offered |
Traders can choose between several retail investor accounts | Exness offers a limited number of payment methods that can be used for deposits and withdrawals |
XM
XM Group is a MetaTrader-only broker that is known to offer an outstanding selection of high-quality educational content and market research.
XM Overview
🔎 Broker | 🥇 XM |
💰 Min. Deposit | $5 USD |
✒️ Regulation | FSC / CySEC |
💸 Trading Fee Class | Low |
❌ Inactivity Fee | ☑️ Yes |
💳 Withdrawal Fee | No |
🆓 Demo Account | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
XM Cent Account
The XM Micro Account is best to beginner traders who wish to take the step from Demo to Live Trading.
🔎 Broker | 🥇 XM |
📌 Account | Micro |
💰 Minimum Deposit | $5 USD |
☪️ Islamic Account | Optional |
🔁 Spreads | 1 Pip |
🚀 Open an Account | 👉 Click Here |
XM Pros and Cons
✔️ Pros | ❌ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
Conclusion
👉 Now it is your turn to participate:
➡️ Which Forex Broker with a Cent Account from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the Cent/Micro account on offer or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: RoboForex Review
You might also like: HF Markets Review
You might also like: FBS Review
You might also like: FXTM Review
You might also like: Exness Review
Frequently Asked Questions
What is the minimum deposit required to open a Cent Account with a Forex broker?
The minimum deposit required to open a cent account with a forex broker can vary depending on the broker. Some brokers may require a minimum deposit of $1 or less, while others may require a minimum deposit of $100 or more.
What is the risk level of using a Forex Cent or Micro Account?
The risk level of using a cent or micro account in forex trading is considered to be higher than that of a standard account. This is because the smaller trade sizes and lower capital requirements of these accounts can lead to overtrading and poor risk management.
Who is the most popular Forex Broker with a Cent Account ?
According to research, HF Markets is the most popular Micro Account Broker.
For what type of forex trader is a cent or micro forex account best suited and why?
A cent or micro forex account is best suited for new or inexperienced traders who want to start trading with a small amount of capital. These types of accounts allow traders to trade with very small trade sizes and low capital requirements, which can be beneficial for those who are still learning the ropes of the market and testing their strategies. They also allow traders to gain experience in the market without risking large amounts of capital.
How do I choose a forex cent account broker?
When choosing a forex cent account broker, it’s important to consider factors such as the broker’s reputation, the trading platform they offer, the available currency pairs, the amount of leverage offered, the customer service and support, and the fees and commissions. It’s also important to read reviews and compare the offerings of multiple brokers before making a decision.
Featured SA Shares Writer and Forex Analyst.
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