The best cent brokers for forex and stock trading

Cent brokers are brokerage companies that allow trading on micro accounts with a minimum lot size. This trading option allows you to test your acquired knowledge in practice without risking a large deposit, as well as identify the weaknesses of a particular broker.

Technically, this type of trading is no different from working on standard Forex accounts, but as a rule, less favorable trading conditions are present.

After all, micro Forex is not intended for making money, but for testing strategies on a real account with minimal risk, as well as testing various scripts that perform automated trading.

This review includes only time-tested cent brokers with which I have worked many times, and with some of which I still work.

Almost all cent Forex brokers allow you to open standard or professional accounts with regular lots. This means you can test the DC's operation on a cent account and then, if desired, open an account with more favorable trading conditions.

RoboForex is also a well-known cent DC, offering a wide range of account options and a large number of trading instruments.

• Deposit from 10.
• Leverage – up to 1:2000.
• Spread size – from 1.3 points.
• Trading platforms : MetaTrader 4.5, cTrader, R Trader, iPhone Trader, Android Trader, Power Trader
• Account bonus – up to 125%, no deposit bonus for new clients in the amount of $30 .

This option, in my opinion, is the best for both manual work and for using automated trading advisors.

InstaForex is the largest company on the Russian currency market, yet it also allows trading on cent accounts. It boasts high-speed order execution and a vast selection of trading instruments, from currency pairs and metals to options and futures.

• Leverage – maximum 1:1000.
• Bonus up to 100% when replenishing accounts. No deposit bonus up to 1500.
• Spread – from 0.1 (commission) or fixed from 2 pt.
• Many options for depositing and withdrawing funds.
• Trading terminals - MetaTrader 4.5, iPhoneTrader, AndroidTrader, WebTerminal.

Fibo Group is one of the few cent forex brokers that doesn't discriminate based on account type. This company is widely known among Russian-speaking traders. Despite its popularity, it's a good option for micro trading.

• Deposit size – from 0.
• Trading platform - MetaTrader 4 and its online and mobile versions.
• Leverage – from 1:1 to 1:1000
• Spread – floating, from 0.6 points.

Most investors associate Fibo Group with a forex broker, but it can also be considered a cent broker due to its cent accounts. However, the company's treatment of traders working with smaller amounts is quite reasonable.

As for my personal preferences, I like RoboForex. Over the 10 years I've been working with it, I've been impressed not only by the fact that it's one of the best cent Forex brokers, but also by the stable operation of its trading platforms.

Peculiarities of working with cent Forex brokers

The difference between cent accounts and standard accounts is the way information about deposited funds is displayed: here it is presented in cents, meaning a $1 deposit will be equal to 100 units.

One point on such an account can be as little as 0.1 cents, meaning you can safely trade on a real account, test new strategies, and even if the exchange rate changes significantly, your loss is unlikely to exceed $1.

In addition, a micro lot is used for trading, which is equal to only 1000 units, so to purchase it, it is enough to have only 15 dollars on hand, and if desired, you can trade smaller volumes.

When trading with cent brokers on micro accounts, a trader typically operates with small amounts, but the desire to make money still remains. Therefore, it is advisable to choose those DCs that offer the highest leverage.

For example, using a leverage of 1:1000, you can trade using the scalping strategy and make a pretty decent profit even with ten dollars in your account.

With the same $15 in your account and a 1:1000 margin, you can open an order of such a size that a 1 pip move will yield 0.10 cents in profit. With luck, you can earn up to $10 or more in a day.

On the contrary, many traders use micro accounts with cent brokers for secure trading. This is due to the minimum lot size on a standard account, which is approximately 10,000. Opening an order of this size would require 60 and leverage of 1:200.

Not everyone wants to take risks using high leverage; some prefer to open safer trades, especially those who engage in long-term trading.

In this case, it is the micro lot that allows you to withstand any price pullback on long-term timeframes.

It's also worth paying attention to the order execution speed. Cent Forex brokers often discriminate against micro accounts by reducing execution speed, thereby discouraging traders from switching to a standard account.

The main types of accounts you can open with a broker are: https://time-forex.com/osnovy/tip-shchet-fx