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25 Best Forex Broker Cent Accounts

 

Overview – what is a Cent Account?

Forex cent accounts are deals that are executed in cents with deposits made in cents as well. Cent accounts are primarily used by beginner traders when entering a live trading environment or by traders who wish to test their strategies without large risks.

 

 

There are numerous brokers who make adequate provision for Cent accounts and due to the competitive field in the trading industry, more brokers are providing these accounts to stay one step ahead of their competitors.

Cent accounts are specifically designed for small depositors and newcomers to the Forex industry but can be used by all traders depending on their trading needs and objectives.

 

 

One thing traders need to consider when using Cent accounts is that while the risks of losses, and losses themselves, are lower than they would have been with a normal account, this also means that profits made will be significantly smaller.

Another thing to consider is that services may be limited, and the position sizes may be substantially smaller as well due to the nature of the Cent Account. Traders may also be subjected to wider spreads and some brokers may charge commissions.

Despite the attractiveness of the Cent Accounts provided by brokers, it is imperative for traders to register a Demo Account before considering a live trading account to test out the broker’s services and platform first before committing.

 

Here are our Top 10 Handpicked Best Forex Broker Cent Accounts:

 

 

Let’s get started with the full breakdown of the 25 Best Forex Broker Cent Accounts.

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Alpari is a well-regulated STP and ECN broker with numerous years in offering competitive trading conditions as well as comprehensive trading solutions to various traders from around the world.

Established in 1998, Alpari boasts more than 2 million registered traders from more than 150 countries. Alpari offers traders tailored trading solutions that meet the trading needs and objectives of an array of traders despite their trading experience.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated USA, Japan, Russia, and several other countries not allowed
MetaTrader 4 and MetaTrader 5 offered Limited financial instruments offered
PAMM Accounts offered Fixed spread accounts not offered
The customer support offered in more than 30 languages

 

Features

Feature Information
Regulation FSC, FSA
Minimum deposit from $5
Micro/Cent Account Spread From 1.7 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:400

 

Exness

 

Overall Rating

4.9/5

Rated #2 of 
Recommended FX Brokers

💰Minimum Deposit

$10

💰Sign-up bonus

No

🌐 Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

97

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker Website

 

Overview

Established in 2008, Exness is a well-regulated broker based in SVG, Cyprus and the UK in facilitating the trade of a variety of financial instruments through the provision of competitive trading conditions.

Exness offers both tailored financial services and investment solutions in addition to providing a variety of opportunities reserved for both retail and corporate solutions or partnerships.

 

Pros and Cons

✔️PROS ❌CONS
Globally recognized broker with strict regulation US Clients not allowed
Negative balance protection offered Limited financial instruments offered for trade
More than adequate leverage offered Accounts are not multi-currency
MetaTrader 4 and MetaTrader 5 supported
Demo Account and Islamic Account option offered

 

Features

Feature Information
Regulation CySEC, FCA, SFSA
Minimum deposit from $1.00
Micro/Cent Account Spread From 0.3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:2000 up to unlimited

 

FXOpen

 

Overall Rating

4.8/5

Rated #30 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

As a well-regulated STP and ECN broker, FXOpen was one of the first online brokers which was established and remains one of the most reputable and trusted Forex brokers to this day.

FXOpen offers trading solutions to both retail and institutional traders in facilitating the trade of numerous financial instruments along with offering tailored and competitive trading conditions.

 

Pros and Cons

✔️PROS ❌CONS
Strictly regulated US Clients not allowed
ECN-pricing model Restricted leverage for EU-clients
Various trading tools and technologies offered Fixed spread accounts not offered
Tight spreads and low commission charges Limit on financial instruments offered
Free access to VPS

 

Features

Feature Information
Regulation ASIC, FCA
Minimum deposit from $1
Micro/Cent Account Spread From Floating (depend on buy/sell orders in ECN)
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FXTM is a well-established ECN and STP broker which was founded in 2011 and prides itself in offering comprehensive trading solutions and competitive trading conditions.

Traders have access to more than 250 financial instruments which can be traded over powerful trading platforms. FXTM also offers superior educational material and trading tools and an array of trading accounts to suit the needs of various traders.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US Clients not allowed
Variety of financial instruments EU-clients restricted on leverage
Multiple account types offered
Commission-free trading
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, FCA, FSC, FSCA
Minimum deposit from $10
Micro/Cent Account Spread From 1.5 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage Up to 1:1000

 

HotForex

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

HotForex is a reputable multi-asset broker based in Cyprus. Traders have access to a great variety of financial instruments which includes, but is not limited to, Forex, commodities, cryptocurrencies, shares, and more.

HotForex offers its comprehensive trading services to numerous traders from around the world and offers trading conditions that are not only competitive but serve to cater to a variety of traders despite their trading needs, objectives, or trading experience.

 

Pros and Cons

✔️PROS ❌CONS
Multi-regulated US Clients not allowed
Strong international presence
Competitive trading conditions
Variety of accounts offered
Islamic Account and Demo account offered

 

Features

Feature Information
Regulation CySEC, FCA, DFSA, FSCA
Minimum deposit from $5
Micro/Cent Account Spread From 1 pip
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000

 

OctaFX

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

Overview

As a well-regulated STP and ECN broker, OctaFX offers traders a range of Forex and CFD instruments along with competitive trading conditions, comprehensive trading solutions, transparent fee schedules, and more.

OctaFX was established in 2011 and is an award-winning broker which is used by numerous traders from around the world to facilitate the trade in Forex and CFDs using powerful trading platforms.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US Clients not allowed
Commission-free trading Limited financial instruments
Fixed Spread accounts offered
Copytrading app offered
Hedging and scalping allowed

 

Features

Feature Information
Regulation FSA SVG, CySEC
Minimum deposit from $100 (recommended)
Micro/Cent Account Spread From 0.4 pips floating, 2 pips fixed
Commissions charged on Cent/Micro? No – mark-up is added
Deposit/Withdrawal Fees No
Maximum Leverage 1:500

 

RoboForex

 

Overall Rating

4.7/5

Rated #57 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

IFSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

32

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2009, RoboForex is a Market Maker, ECN, and STP broker which is based in Belize. As an award-winning broker, RoboForex offers traders access to over 9,400 trading instruments which are spread across numerous asset classes.

RoboForex offers the use of powerful trading platforms through which numerous financial instruments can be traded along with offering competitive trading conditions and comprehensive trading solutions.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US Clients not allowed
Negative balance protection offered EU-Clients restricted to leverage of 1:30
Multiple trading platforms supported Fixed spread accounts not offered
Flexible account types offered

 

Features

Feature Information
Regulation IFSC
Minimum deposit from $10/€10
Micro/Cent Account Spread From 1.3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:2000

 

RoboMarkets

 

Overall Rating

4.7/5

Rated #58 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

35

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2012, RoboMarkets is a strictly regulated and award-winning Cyprus-based broker offering traders from around the world the opportunity to trade in numerous financial assets.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US Clients not allowed
Competitive trading conditions Fixed spread accounts not offered
Commission-free trading
Transparent fee schedule
Variety of platforms supported

 

Features

Feature Information
Regulation CySEC, IFSC
Minimum deposit from $100
Micro/Cent Account Spread From 1.3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

XM is a well-regulated ECN and STP broker established in 2009. XM offers a variety of traders with competitive trading conditions along with access to trading various financial instruments across numerous asset classes.

XM has over 2.5 million registered traders from around 196 countries worldwide and offers traders comprehensive trading solutions, superb customer support, access to powerful trading platforms, and more.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US Clients not allowed
Negative balance protection Fixed spread accounts not offered
Competitive trading conditions

 

Features

Feature Information
Regulation FCA
Minimum deposit from $5
Micro/Cent Account Spread From 1 pip
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees No
Maximum Leverage 1:888

 

FBS

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform

Crypto

Yes

📈 Total Pairs

250

☪️ Islamic Account

No

📊 Trading Fees

Low

Welcome bonus

$140 (Find out More)

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FBS

 

Overview

Established in 2009, FBS is a global online Forex and CFD broker which offers traders a choice in over 75 financial instruments which can be traded through popular and powerful trading platforms.

FBS is an STP and ECN broker which offers competitive trading conditions along with some of the tightest spreads in the industry, low commissions, and superior customer support amidst various other services.

 

Pros and Cons

✔️PROS ❌CONS
Low minimum deposit USA, UK, Japan, Israel, and several other countries not allowed
Well-regulated Limited financial instruments
Competitive trading conditions Limited trading platforms and trading tools
CopyTrade offered
Multiple account options

 

Features

Feature Information
Regulation IFSC, CySEC
Minimum deposit from $1
Micro/Cent Account Spread From 3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:3000

 

InstaForex

 

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

Overview

InstaForex, established in 2007, is a well-regulated broker which offers industry-leading trading services and solutions to more than 7,000,000 registered traders around the world.

InstaForex offers the trade in more than 300 financial instruments in multiple markets including, but not limited to Forex, commodities, cryptocurrency, stocks, shares, CFDs, and more.

 

Pros and Cons

✔️PROS ❌CONS
Strict regulation US Clients not allowed
More than 300 financial instruments Restricted leverage of 1:30 for EU-Clients
Commission-free accounts Market Maker broker
Free VPS
PAMM Accounts offered

 

Features

Feature Information
Regulation CySEC, BVI, SVGFSA
Minimum deposit from $1
Micro/Cent Account Spread From 3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

Forex4you

 

Overall Rating

4.7/5

Rated #243 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FSC BVI

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50+

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2007, Forex4you is an online Forex trading broker which has more than 1.7 million registered trading accounts and which claims to have already executed more than 700 million orders.

Forex4you offers traders the opportunity to trade over 150 financial instruments over several asset classes and offers competitive trading conditions.

 

Pros and Cons

✔️PROS ❌CONS
Social trading offered Limited regulation
Competitive trading conditions Limited education
Variety of trading tools and research sources Limited financial instruments
Numerous countries restricted from services

 

Features

Feature Information
Regulation BVI FSC
Minimum deposit from $1
Micro/Cent Account Spread From 2 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000

 

FortFS

 

Overall Rating

4.7/5

Rated #244 of
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

📱 Trading Desk

Meta Trader 4, Meta Trader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2010, Fort Financial Services, or FortFS offers online trading services in Forex, CFDs, and Futures with more than 500 financial instruments which can be traded.

FortFS offers traders competitive trading solutions and services along with trading tools and multiple account funding options, amidst numerous features.

 

Pros and Cons

✔️PROS ❌CONS
Access to powerful trading platforms Offshore regulation
Managed account options offered US Clients not allowed
Social trading supported Limited financial instruments
Trading tools available

 

Features

Feature Information
Regulation IFSC
Minimum deposit from $5
Micro/Cent Account Spread From 0.3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000

 

IFC Markets

 

Overall Rating

4.7/5

Rated #236 of
Recommended FX Brokers

💰Minimum Deposit

$1 

🌐 Regulators

CySec, BVI FSC, LFSA

📱 Trading Desk

Phone Dealing Desk

 

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IFC Markets offers traders competitive trading conditions along with access to more than 600 financial instruments across numerous asset classes such as commodities, Forex, Stocks, indices, metals, and more.

 

Pros and Cons

✔️PROS ❌CONS
Strict EU Regulation US Clients not allowed
Advanced proprietary platform Social trading is not supported
Portfolio quoting methods Spreads not the tightest
Education center
Competitive trading conditions

 

Features

Feature Information
Regulation CySEC, BVI FSC
Minimum deposit from $1
Micro/Cent Account Spread From 1.8 pips fixed, 0.4 pips floating
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:400

 

JustMarkets

 

Overall Rating

4.4/5

Rated #72 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FSA, CySec

📱 Trading Desk

MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2012, JustMarkets is an online Forex trading broker which offers traders competitive trading conditions and comprehensive online trading services and solutions.

JustMarkets offers a variety of trading accounts to choose from which are tailored to the various trading needs and objectives and traders. Adequate provision is made for trading tools, market analysis, managed accounts, and more.

 

Pros and Cons

✔️PROS ❌CONS
MAM accounts offered Limited regulation
Social trading supported No US Clients
Selection of training articles Withdrawal fees charged
Competitive trading conditions Spreads and commissions not favorable
Powerful trading platforms

 

Features

Feature Information
Regulation FSA
Minimum deposit from $1
Micro/Cent Account Spread From 0.3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:1000

 

AGEA

 

Overall Rating

4.8/5

Rated #183 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

Not Regulated

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

AGEA is a global online Forex trading broker which provides high-quality services and solutions to traders. AGEA supports the use of powerful trading platforms and has a multinational team of financial professionals and technical support personnel.

 

Pros and Cons

✔️PROS ❌CONS
Sophisticated, powerful trading platforms US Clients not allowed
No rollover or overnight fees on the Streamster platform Limited education
Zero-commission trading Spreads are not the tightest and there is mark-up added
Low banking fees Limited non-Forex instruments
Variety of account funding options

 

Features

Feature Information
Regulation CMA
Minimum deposit from $1
Micro/Cent Account Spread From Not indicated
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees applied
Maximum Leverage 1:100

 

ForexMart

 

Overall Rating

4.7/5

Rated #81 of
Recommended FX Brokers

💰Minimum Deposit

$15

🌐 Regulators

SVGFSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Instruments

200+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 2015, ForexMart is a committed and experienced online Forex trading broker which offers multiple financial instruments which can be traded through MetaTrader 4.

ForexMart offers state-of-the-art infrastructure along with technology resulting in ultra-fast trade executions. Traders have a choice between various accounts which are tailored to the various trading needs and objectives of traders.

 

Pros and Cons

✔️PROS ❌CONS
Well-regulated US, North Korea, Myanmar, Cuba, Sudan, and Syrian Clients not allowed
User-friendly platforms Incomprehensive training
Social trading supported Limited financial instruments
Tight spreads
Economic news available

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $15
Micro/Cent Account Spread From 1.2 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Yes
Maximum Leverage 1:500

 

FXCL

Overview

FXCL has been in operation since 2006 and is registered in the Republic of Vanuatu. FXCL offers traders a variety of trading accounts, each with its own unique trading conditions.

FXCL offers traders the opportunity to trade in numerous financial instruments which are spread across a variety of asset classes.

 

Pros and Cons

✔️PROS ❌CONS
Numerous funding methods supported US, Japan, and Canadian Clients not allowed
MetaTrader 4 offered Offshore regulation
Variety of accounts offered
Competitive trading conditions

 

Features

Feature Information
Regulation SVGFSA
Minimum deposit from $1
Micro/Cent Account Spread From 1 pip
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

ProfiForex

Overview

ProfiForex is an offshore online Forex trading broker which is based in Seychelles. Traders are offered competitive trading conditions along with an array of bonus programs.

ProfiForex offers traders competitive trading conditions along with good value for spreads, multiple support for beginners, and the opportunity to use trading signals.

 

Pros and Cons

✔️PROS ❌CONS
Low minimum deposit Offshore regulation
Competitive trading conditions Wide spreads
Adequate leverage Only two account options
Swap-free account offered
MetaTrader 4 supported

 

Features

Feature Information
Regulation SIBA
Minimum deposit from $1
Micro/Cent Account Spread From 2 pips fixed and 0.7 pips floating on EUR/USD
Commissions charged on Cent/Micro? Yes – 0.3 pips round turn
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500

 

Forex Optimum

Overview

Established in 2009, Forex Optimum offers traders competitive trading conditions in trading Forex and CFDs along with offering binary trading options.

Forex Optimum provides its services in 32 countries worldwide and supports the use of MetaTrader 4 through which trades can be executed.

 

Pros and Cons

✔️PROS ❌CONS
Low spreads US Clients not allowed
Commission-free trading offered No regulation
Low minimum deposit Only one trading platform offered
MetaTrader 4 offered
Adequate leverage offered

 

Features

Feature Information
Regulation None
Minimum deposit from $10
Micro/Cent Account Spread From 1.2 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

ForexChief

Overview

Established in 2014, ForexChief is a Forex and CFD online trading broker which offers traders access to trade in more than 60 financial instruments through MetaTrader 4 and MetaTrader 5.

ForexChief has offices situated in Switzerland, Singapore, and Nigeria and offers traders competitive trading conditions with prices sourced from large banks as well as investment companies, and major market makers in the industry.

 

Pros and Cons

✔️PROS ❌CONS
MetaTrader 4 and MetaTrader 5 supported US Clients not allowed
A choice in 8 different account types Offshore regulation
Multiple payment options Limited financial instruments
Dedicated customer support Incomprehensive market news and market analysis

 

Features

Feature Information
Regulation VFSC
Minimum deposit from $50
Micro/Cent Account Spread From 0.0 pips
Commissions charged on Cent/Micro? $1.5 per lot per side
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

AMEGA

Overview

AMEGA was established in 2017 and is an online Forex trading broker based in the Marshall Islands. AMEGA is a true NDD and STP broker which has won numerous industry awards and offers traders competitive trading conditions.

Traders have access to an array of financial instruments which can be traded through the highly popular MetaTrader 4.

 

Pros and Cons

✔️PROS ❌CONS
PAMM Accounts offered No regulation
MetaTrader supported No education
Competitive trading conditions No proprietary trading tools
True NDD broker US, UK, and several other countries not allowed
Variety of account funding methods

 

Features

Feature Information
Regulation None
Minimum deposit from $1
Micro/Cent Account Spread From 3 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

PaxForex

 

Overall Rating

4.2/5

Rated #492 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FSA

📱 Trading Desk

Meta Trader 4

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

PaxForex is an online Forex and CFD broker which was established in 2011 and offers comprehensive trading services and solutions to traders across the globe.

Formed by a group of professionals, PaxForex offers traders competitive trading conditions, an array of trading tools, dedicated support, and access to over 70 financial instruments which can be traded through MetaTrader 4.

 

Pros and Cons

✔️PROS ❌CONS
Low minimum deposit No regulation
An array of trading tools offered Limited financial instruments – less than 100
Multiple account types offered US and Japan Clients not allowed
Dedicated, multilingual customer support
Free VPS and training resources

 

Features

Feature Information
Regulation None
Minimum deposit from $10
Micro/Cent Account Spread From 2.4 pips
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500

 

FxCitizen

 

Overall Rating

4.2/5

Rated #405 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

FSC

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FxCitizen is an online Forex trading broker operating on the White Label platform. Although this makes it different than conventional brokers, FxCitizen offers traders comprehensive and competitive trading conditions along with other trading solutions.

Although White Label brokers such as FxCitizen are rarely regulated, the parent company often is, and this provides traders with some level of assurance that their funds will be kept safe.

 

Pros and Cons

✔️PROS ❌CONS
White Label platform – FMA regulated US Clients not allowed
Adequate leverage offered Spreads are not the tightest
Low minimum deposit requirement
Variety of financial instruments offered
MetaTrader 4 supported

 

Features

Feature Information
Regulation FMA – Parent company
Minimum deposit from $10
Micro/Cent Account Spread From 2 pips on FX Majors
Commissions charged on Cent/Micro? No
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:1000

 

TD Markets

 

Experts Rating

4.6

User Score

XM.COM- #1 NASDAQ Trading Platform

67% of retail investor accounts lose money when trading CFD’s

 

Overview

TD Markets was established in 2015 and are an online Forex trading broker which offers binary options trading as well. Traders have access to an array of financial instruments which can be traded through the MetaTrader 4 trading platform.

TD Markets offers traders competitive trading conditions consisting of relatively low spreads and commission-free trading options.

 

Pros and Cons

✔️PROS ❌CONS
Low spreads No regulation
MetaTrader 4 offered Only one trading platform supported
Low minimum deposit E-wallets are not supported as the payment method
Competitive trading conditions

 

Features

Feature Information
Regulation None
Minimum deposit from $10
Micro/Cent Account Spread From 0.8 pips
Commissions charged on Cent/Micro? $2 per lot
Deposit/Withdrawal Fees Some fees may apply
Maximum Leverage 1:500

 

Final Thoughts – What are the benefits of Cent Accounts?

  • Fairly low initial minimum deposits required.
  • Access to a live trading environment without the risk of losing capital.
  • It can be used by beginners who are still learning to trade.
  • It can be utilized by more advanced traders who want to test their trading strategies in a live trading environment without the risk of losing funds.
  • Micro lots can be traded.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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