Best Cent Account Forex Brokers Offering 2024

To come up with this list, we have searched and tested several Cent Account Forex brokers offerings.

We opened real accounts and deposited between $4,000 and $8,000 with each of the brokers. In order to get the real spreads, we placed real trades in each popular market.

To solve the issues we have encountered, we also reached out to customer support. At last, we withdrew our funds to check for any possible problems with the withdrawal process.

Based on our trading data and experience as a trader, we handpicked the best forex brokers with cent accounts.

What is a Cent Account in Forex?

A cent forex account calculates and maintains the balance in the lowest fungible form of a currency, like USD cent or GBP penny. These accounts also allow trading with a much smaller lot size of the currency pairs.

Cent accounts are popular among novice traders who do not want to risk a lot of money in trading. However, these account types are also preferred by expert traders who just want to test new trading strategies.

Micro Account vs Cent Account

The difference is the nominal amount for Cent Account displayed in Cents instead of Dollars and Trading size caunted in Micro Lots for Micro Account.

Best Cent Account Forex Brokers

To select the best regulated forex brokers with Cent Account, we have tested and reviewed several forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. With our test, we got a picture of the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and customer services.

• RoboMarkets (RoboForex) – Best Overall Forex Broker
• XM – Best Forex Broker for Beginners
• HotForex – Best MT4 Forex Broker
• FXTM – Best Forex Trading Platform in Switzerland
• FBS – Best Forex Broker with Lowest Spread

Overall Best Cent Account Forex Brokers

We have picked RoboMarkets (RoboForex) as the best overall cent account forex brokers.

RoboMarkets (also known as RoboForex) is regulated in Cyprus, Belarus, and Belize. It offers trading with forex, indices, stocks, and commodities, and lists around 107 instruments. It offers trading on two industry-leading platforms, MT4 and MT5, and on proprietary R Trader.

RoboMarkets is one of the few brokers that offer a dedicated cent trading account. It has a minimum deposit requirement of $100. Additionally, traders with Islamic beliefs can open swap-free cent accounts with the broker.

Best Cent Account Broker for Beginners

As the best cent account broker for beginners we have picked XM.

When it comes to the best cent accountt forex broker for beginners, we should speak about XM. It stands out for the resources of self-education on both the forex market operations and trading strategies. The broker is well-regulated. It holds licenses in the UK, Cyprus, Australia, UAE, and Belize.

XM offers trading with more than 1,300 instruments, such as currency pairs, stocks, indices, and commodities. The broker also offers negative balance protection on all its account types.

Best Leverage for Cent Account Broker

We have picked HotForex as the best high leverage cent account forex broker.

HotForex is one of the few reputed brokerages that offer a cent account, along with high leverage. The broker offers maximum leverage of 1000:1 on major currency pairs and provides trading with forex and CFDs. It also gives direct market access for stock trading.

Best MT4 Cent Account Brokers

We have picked FXTM as the best MT4 cent account forex broker.

The broker provides MT5 and FXTM Trader.

FXTM offers around 62 currency pairs, along with CFDs of indices, commodities, stocks, and cryptocurrencies. It also takes four fiats (USD, GBP, EUR, and NGN) as base currencies. It offers instant execution, and the maximum trading volume for a position is limited to a single standard lot.

FXTM is regulated in the UK, Cyprus, South Africa, and Mauritius.

Lowest Spread Cent Account Brokers

We have picked FBS as the best lowest spread cent account forex broker.

FBS definitely offers the best cent account when it comes to trading-related fees. Our testing finds that the spreads charged by the broker on EUR/USD pairs are about 1.13 pips, which is less than the industry average. Besides, the broker has minimum non-trading fees.

FBS’s services are also simple with two types of accounts: standard account and cent account. For the cent account, the required minimum deposit is $10. It does not charge any commission, and cent account traders are able to trade a maximum volume of up to 1,000 cent lots.

Cent Account Forex Brokers List

Here is a complete list of forex brokers that offer cent accounts, which we have tested and reviewed.

Forex Broker	Account Type	Visit Broker	Broker Review
FXTM	Cent Account	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
RoboMarkets (RoboForex)	Cent Account	Deposit Amount: Over €5,000 Total Trade: 12 trades	RoboMarkets (RoboForex) Review
FBS	Cent Account	Deposit Amount: Over €5,000 Total Trade: 12 trades	FBS Review

FAQ and More on Brokers Offering Cent Accounts

Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex brokers offering cent accounts.

Cent Account Forex Brokers in Australia

Australia Cent Account Forex brokers should be licensed by ASIC to accept traders from Australia. Though most of the brokers do not promote themselves as cent account brokers, they usually offer such services for standard retail clients.

Forex Brokers with Cent Account in Malaysia

Forex brokers need to be licensed by the Financial Services Authority of Labuan (Labuan FSA) to operate in Malaysia, but well-regulated foreign brokers can also take Malaysian traders. Some of the forex brokers offering cent accounts in Malaysia are:

• RoboMarkets (RoboForex)
• FXTM
• HotForex

Cent Account Forex Brokers in India

The Securities and Exchange Board of India (SEBI) controls Indian financial services players, yet forex brokers are comparatively loosely regulated in the country. Here is the list of some of the well-regulated forex brokers offering cent accounts in India:

• FBS
• XM
• HotForex

MT4 Cent Account Forex Brokers

The most popular trading platform for trading forex and CFDs among retail and professional traders is MetaTrader4 or MT4. Some of the forex brokers that offer cent accounts on the MT4 platform are:

• FBS
• RoboMarkets (RoboForex)
• XM
• HotForex

High Leverage Cent Forex Brokers

Leverage is a crucial aspect in forex trading. Thus, brokers attract more traders when they offer higher leverage levels. Here is the list of cent account forex brokers offering high leverage:

• FBS
• XM
• HotForex