Scalping on a cent account, if such trading makes sense

Every year the number of brokers with cent accounts increases, and even reputable brokerage companies have similar options.

The main purpose of cent accounts is to test new strategies, but at the same time, some traders wonder whether they can be used for scalping.

Indeed, in contrast to standard strategies, scalping has slightly different earnings laws and profits can amount to hundreds and sometimes thousands of percent per month.

Is it really possible to make money on a cent account using scalping, or is this more of a platform for testing a new strategy?

 

If you decide to make money on scalping, then first of all you should start with what deposit you will trade and what goals do you set for yourself?

Suppose you want to reach a profitability rate of 1000% in a month, then to earn $500 you will need a deposit of $50:

If it makes sense to use a cent account with 50 dollars?

There are a lot of standard accounts, the minimum transaction volume of which is only 0.01 lots or $1000 when using currency pairs.

This means that using a leverage of only 1:100, to open a transaction with a minimum volume on a standard account you will need about 10 US dollars.

That is, we can say that if you want to make money on scalping, then there is no particular point in using a cent account for these purposes, since an amount of $50 is quite enough for scalping on regular accounts.

At the same time, everyone understands that trading conditions on accounts such as standart, pro, ecn will always be better than on cent accounts, which means that you will be able to earn much more on standard accounts, because when scalping, every point of the spread is important.

At the same time, if you just want to perfect your scalping strategy without much loss, then using cent accounts is a no-brainer.

Since the minimum transaction volume on a cent account can be from $10, which means that using a leverage of 1:100 you open a transaction with a deposit of only $0.1.

That is, we can say that a couple of dollars is quite enough for scalping on a cent account, although you won’t be able to make much money from this amount.

Brokers with cent accounts - https://time-forex.com/centovye-brokery