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Cent Account

Fusion Markets

Since: 2017

Offices:

 Australia, Vanuatu

Fusion Markets ECN Broker

Minimum Deposit:$1
Account currency:USD, EUR, GBP, AUD, JPY, SGD, THB, and CAD
Leverage:Up to 1:500 
Accounts:Zero, Classic, Demo,
Swap Free [Islamic]
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4,   MT5,  TradingView, cTrader, DupliTrade | Free VPS Hosting
Regulation:ASIC, VFSC
SpreadsRaw Spreads + Tight spreads on other CFDs
Key FeaturesExtremely low trading costs, no dealing desk, great customer support, flexible leverage
Visit BrokerBroker Review

Fxview

Since: 2009

Offices:

EU, South Africa

fxview rectangle

Minimum Deposit:$50
Account currency: EUR, USD, GBP, CAD, ZAR & AUD
Leverage:Up to 1:1000
Accounts:RAW ECN | Premium ECN |  Swap free/ Islamic Account
Instruments Offered:Forex, Indices, Metals, Energies, Shares , Cryptocurrencies
Trading Platform:MT 4 (EU), MT 5 (Global), ZuluTrade  and ActTrader  | Free VPS hosting
Regulation:CySEC, FSCA and FSC
Spreads:From 0.0 pips
Key Features:Ultra-tight Spreads | Fast Withdrawals | Dedicated Account Manager
Visit BrokerBroker Review

IC Markets

Since: 2007

Offices:

Australia, Cyprus, Seychelles

IC MARKETS
Minimum Deposit:200 US dollars
Account currency:Multiple base currencies
Leverage:From 1:1 to 1:500
Accounts:Demo, Raw Spread, cTrader, Standard, Islamic, PAMM
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Bonds Cryptocurrencies
Trading Platform:cTrader, MT4, MT5, TradingView | Free VPS hosting
Regulation:ASIC, CySEC, FSA
SpreadsRaw Spread 0.0 pips (cTrader, TradingView MT4/5)
Standard 0.8 pips
Key FeaturesUltra-fast Execution, TradingView , Copy trading, Dedicated Account Manager
Visit BrokerBroker Review

Who is a Cent Trading Account Suited for?

Cent accounts cater to a diverse range of traders, including:

Beginners: Cent accounts are an excellent starting point for novice traders entering the financial markets for the first time. The reduced financial risk allows beginners to learn and practice live trading without substantial exposure.

Limited Capital Traders: Individuals with restricted capital who aspire to engage in live trading can benefit from cent accounts, providing them access to real markets with a modest investment.

Risk-Averse Investors: Traders who prioritize risk management and want to start with smaller positions find cent accounts suitable. It allows them to gain confidence gradually without exposing themselves to substantial risks.

Low Entry Barrier: The primary advantage of cent accounts is the low entry barrier they provide. Traders with minimal capital can participate in live trading, opening doors for those who might be excluded from standard accounts.

Risk Mitigation: Smaller lot sizes contribute to more precise risk management, making cent accounts suitable for traders who want to control their exposure and protect their capital.

Real-World Experience: Cent accounts provide a genuine experience of live trading, allowing traders to familiarize themselves with market dynamics, execution speed, and the emotional aspects of managing real money.

Skill Development: Beginners can use cent accounts to develop and enhance their trading skills, gradually transitioning from theory to practical application without the pressure of substantial financial consequences.

Limited Profit Potential: Due to the small lot sizes, the profit potential in cent accounts is limited. Traders might find it challenging to achieve substantial gains compared to standard accounts.

Higher Transaction Costs: Some brokers may charge higher spreads or commissions on cent accounts, potentially impacting overall transaction costs, especially when trading in very small amounts.

Limited Trading Flexibility: The reduced lot sizes may limit trading flexibility for those who wish to engage in more advanced strategies or increase their position sizes significantly.

GO Markets

Since: 2006

Offices:

Australia, Cyprus, Mauritius, SVG

GO Markets
Minimum Deposit:

Zero, $200 on certain accounts

Account currency:USD, AUD, EUR, GBP
Leverage:Up to 1:500
Accounts:Standard, Plus, PAMM, Copy Trading
Instruments Offered: Forex, Metals, Commodities, Shares, Crypto, Bonds
Trading Platform: MT4,   MT5, TradingView, cTrader, WebTrader, Mobile App  | Free Forex VPS Hosting
Regulation:ASIC, CySEC, FSC,
SpreadsFrom 0.0 pips
Visit Broker Broker Review

BlackBull Markets

Since: 2014

Offices:

New Zealand,  Seychelles

Blackbull Markets ECN Account

Minimum Deposit:$0 (Standard), $2,000 (Prime), $20,000 (Institutional)
Account currency:USD, EUR, GBP, AUD, NZD, SGD, CAD, JPY, ZAR
Leverage:Up to 1:500
Accounts:ECN Standard, ECN Prime, ECN Institutional, Islamic, Demo
Instruments Offered:
Forex, Indices, Commodities, Metals, Energies, Shares, Futures
Trading Platform:MT4, MT5, cTrader, TradingView, WebTrader, VPS hosting
Regulation:FMA (New Zealand),  FSA (Seychelles)
Spreads:From 0.0 pips (Institutional), 0.1 pips (Prime), 0.8 pips (Standard)
Visit BrokerBroker Review

Fusion Markets

Since: 2017

Offices:

Australia, Vanuatu

fusionmarkets

Minimum Deposit: $0
Account currency:USD, AUD, EUR, GBP, JPY, SGD
Leverage:1:30 for Australian clients
1:500 for Non-AU clients
Accounts:Zero, Classic, Demo,
Swap Free [Islamic]
Instruments Offered:
Forex, Indices, Commodities, Metals, Energies, Shares, Cryptocurrencies
Trading Platform: MT4,   MT5,  TradingView, cTrader, DupliTrade, 
Free VPS Hosting
Regulation:ASIC (Australia), VFSC (Vanuatu)
Spreads: From 0.0 pips (Zero Account), 0.8 pips (Classic Account)
Visit BrokerBroker Review

IC Markets

Since: 2007

Offices:

Australia, Cyprus, Seychelles

IC MARKETS

Minimum Deposit:200 US dollars
Account currency:USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC
Leverage:From 1:1 to 1:500
Accounts:Demo, Raw Spread, cTrader, Standard, Islamic, PAMM
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares, Bonds Cryptocurrencies
Trading Platform:TradingView,  cTrader, MT4, MT5, WebTrader,
Free VPS hosting
Regulation:AFSL, ASIC, CySEC, FSA
SpreadsRaw Spread 0.0 pips (cTrader, TradingView, MT4/5)
Standard 0.8 pips
Visit BrokerBroker Review

Valutrades

Since: 2012

Offices:

United Kingdom, Seychelles

valutrades

Minimum Deposit:$0
Account currency:USD, JPY, EUR, GBP, AUD
Leverage:Up to 1:500 (FSA), up to 1:30 (FCA)
Accounts: Standard, ECN, Islamic, PAMM, Demo
Instruments Offered:Forex, Indices, Commodities, Metals, Energies, Shares
Trading Platform: MT4, MT5, Valutrades App, VPS hosting
Regulation:FCA (UK), FSA (Seychelles)
Spreads:From 0.0 pips (ECN), 0.2 pips (Standard)
Visit BrokerBroker Review

Conclusion

Cent accounts play a crucial role in making live trading accessible to a broader audience. While they come with limitations, such as limited profit potential and potential higher transaction costs, the benefits of low entry barriers and risk mitigation make them a valuable tool for beginners and traders with limited capital.

Traders should view cent accounts as a stepping stone, using them to build skills, gain confidence, and eventually transition to more advanced account types as their experience and capital grow in the dynamic landscape of financial markets.

Broker

Regulators

Max. Leverage

Spreads

Trading Acc.

Instruments

Connect

ASIC, CySEC

Up to 1:500*

From 0.0 pips

Broker Type:

STP | ECN | DMA

2 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, ETFs Crypto, Bonds

ASIC, VFSC

Up to 1:500

From 0.0 pips

Broker Type:

ECN

 4 Accounts

Forex, Indices,
Commodities, 
Shares, Crypto

AFSL, ASIC, CySEC, FSA

Up to 1:500

From 0.0 pips

Broker Type:
ECN
6 Accounts

Forex, Indices,

Commodities, 

Metals, Energies,

Shares, Crypto

ASIC, VFSC, CMA, FSC

Up to 1:1000

From 0.0 pips

Broker Type:

True ECN

 2 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

ASIC, VFSC

Up to 1:500

From 0.0 pips

Broker Type:

2 Accounts

Forex, Indices, Commodities, Metals, Crypto, Shares & Bonds CFDs

CySEC, FSCA and FSC

Up to 1:1000

From 0.0 pips

Broker Type:

ECN | STP

3 Accounts

Forex, Indices,

Commodities, 

Metals, Energies,

Shares, Crypto

ASIC, FSC, FSCA, FSA

Up to 1:1000

From 0 pips

Broker Type:

ECN | STP

2 Accounts

Forex, Indices,

Commodities,

Metals, Energies,

Shares, Crypto, ETFs

CIMA, ASIC, FCA

Up to 1:500*

From 0.4 pips

Broker Type:

ECN | STP

4 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

  Review  

FCA, SCA, ASIC,FSCA, FSC, FSA

Up to 1:1000*

From 0.0 pips

Broker Type:

ECN | STP

5 Accounts

Forex, Indices,
Commodities, 

Metals, Energies,

Shares, Crypto

HCMC / ESMA

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

2 Accounts

Forex, Indices, Commodities, Metals, Shares CFDs, Crypto

CySEC, FSC, FSCA, ASIC

Up to 1:3000

From 1 pip

Broker Type:

ECN | STP

6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

FMA, FSA

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

ASIC, BaFin, CIMA, UAE VARA/SCA

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

3 Accounts

Forex, Indices,

Commodities, 

Metals, Energies,

Shares, Crypto

ASIC,VFSC, FSC

Up to 1:500

From 0.0 pips

Broker Type:

ECN | MM

2 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

ASIC, CySEC, FSC

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

2 Accounts

Forex, Metals, Commodities, Shares, Crypto, Bonds

CySEC, FSC, FSCA

Up to 1:2000

From 0.0 pips

Broker Type:

ECN | STP

4 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

CySEC, FCA, FSCA

Up to 1:1000

From 0.0 pips

Broker Type:

ECN | STP

5 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

AFSA, FSCA, MISA

Up to 1:1000

From 0.0 pip

Broker Type:

ECN | STP

4 Accounts

Forex, Metals, Indices, Commodities, Stocks, Crypto

FCA, FSA

Up to 1:500*

From 0.0 pips

Broker Type:

ECN

2 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

  Review  

ASIC, FSC, FSCA

Up to 1:1000

From 0.0 pips

Broker Type:

ECN | STP

3 Accounts

Forex, Metals, Indices, Commodities, Equities, Crypto

SVGFSA, FSC, FSA

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

3 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

FCA, ASIC, SCA, FMA, FSC, FSA

Up to 1:500

From 0.0 pip

Broker Type:

ECN | STP

2 Accounts

Forex, Indices, Commodities, Metals, Crypto

ASIC, FSA

Up to 1:500

From 0.0 pip

Broker Type:

ECN | STP

3 Accounts

Forex, Indices, Commodities, Metals, Crypto

FCA, ASIC, CySEC, FSA

Up to 1:500

From 0.0 pips

Broker Type:

ECN | STP

6 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

CySEC, MISA

Up to 1:1000

From 0.0 pip

Broker Type:

ECN | STP

1 Accounts

Forex, Metals, Commodities, Indices, Equities, Crypto

FSC

Up to 1:2000

From 0.0 pips

Broker Type:

ECN | STP | MM

5 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
ETFs, Shares, Crypto

BVI FSC

Up to 1:1000

From 0.0 pips

Broker Type:

MM | ECN

6 Accounts

Forex, Indices, Commodities, Metals, Shares CFDs

CySEC, FSA, FSCA, VFSC

Up to 1:2000

From 0.0 pips

Broker Type:

STP | ECN

6 Accounts

Forex, Indices,
Commodities,
Shares, Crypto

FSC , FSRA

Up to 1:3000

From 0.0 pip

Broker Type:

ECN | STP

3 Accounts

Forex, Metals, Indices, Crypto, Stocks CFDs

ASIC, VFSC, CySEC, FCA

Up to 1:500

From 0.0 pip

Broker Type:

ECN | STP

2 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

FINMA

Up to 1:100

From 0.1 pip

Broker Type:

ECN | STP

7 Accounts

Forex, Indices,
Commodities, 
Metals, Energies,
Shares, Crypto

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Website |  + posts

Kevin George is an active trader of stocks, forex, commodities and crypto with over 15 years of market experience. He hold a master's degree in finance and mix microeconomic studies of company financials with a big-picture macroeconomic view.

Kevin earned a bachelor's degree from Robert Gordons University in Scotland. He returned later to earn his master's degree in finance.
Kevin has written for investopedia, Seekingalpha with his resume on Muckrack and LinkedIn