Brokers with cent accounts – is a great choice for beginners who have just started their acquaintance with the Forex market and not yet have acquired the knowledge base that is required for successful trading. If you deposit a cent account for 10 dollars you get a deposit of 1000 cents, so the transaction can take place with a minimum amount – from 0.0001 lot that provides an excellent opportunity for learning all the basics of trading without the risk of loss of deposit. When funds are withdrawn cents back converted into dollars.
Where else can apply to brokers and Micro Cent accounts? Firstly, if you do not have a large deposit, you can open a cent account and trade on it until you have enough money in their capital. During this time, you can test your strategy and hone your skills of Forex trading without the risk of losing your first deposit. Secondly, Cent accounts can be useful when you need to diversify your investment portfolio, for example, trade at the same time dozens of currency pairs. Finally, with the help of a micro account you can test your advisors.
What is the difference cent accounts from trading on demo accounts? At first glance it may appear that brokers cent accounts are no different from trading on demo accounts. However, it is not. While trading on a demo account it is impossible to feel the psychology of the market, while the risk of losing even a small, but still real money as possible brings you to this Forex trading.