For this list, we have searched and tested several forex brokers offering cent or micro accounts.

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

We also reached out to customer support to solve issues that we hd encountered. Finally, we withdrew our funds to see if there is any issue with the withdrawal process.

We handpick the best forex brokers with cent or micro accounts based on our trading data and experience as a trader.

What is a Cent/Micro Account?

A cent or miro 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 or micro accounts are popular among novice traders who do not want to risk a lot of money in trading. Additionally, these account types are preferred by expert traders who just want to test new trading strategies.

Most of the forex brokers allow micro account holders to start trading with small deposits, some allow deposits as low as $1.

Cent or micro account is one of the three forex account structures: the other two are mini and standard accounts.

These types of forex trading accounts bear much lower risk. While the usual lot size in forex trading is 100,000, cent account holders can access a lot size of only 1,000 which is also called a micro-lot.

  • 1 micro lot = 1,000 currency units
  • 1 mini lot = 10,000 currency units
  • 1 standard lot = 100,000 currency units

Despite the smaller lot size, micro account holders can still access similar trading conditions (leverage levels or other trading strategies) like any other account type. The main purpose of these accounts is to make small retail traders accustomed to trading.

Best Cent/Micro Account Forex Brokers

To select the best forex brokers offering cent or micro accounts, we tested and reviewed several forex brokers. We opened live accounts and depositing real money with each broker. We also placed real trades in popular markets to get the real picture of the spread and commission, trading platform, deposits and withdrawals conditions, education, and customer service.

  • RoboMarkets (RoboForex) – Best Overall Cent/Micro Account Forex Broker
  • XM – Best Cent/Micro Account Forex Broker for Beginners
  • HotForex – Best High Leverage Cent/Micro Account Forex Broker
  • FXTM– Best MT4 Cent/Micro Account Forex Broker
  • FBS – Best Cent/Micro Account Forex Broker with Low Spread and Fees

Best Overall Cent/Micro Account Forex Broker

We have picked RoboMarkets (RoboForex) as the best overall cent/micro account forex broker.

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/micro trading account. It has a minimum deposit requirement of $100 and has a minimum order volume requirement of 0.1 micro lot on MT4 or 0.01 micro lot on MT5. Traders can place a maximum order of 500 micro lots. Additionally, traders with Islamic beliefs can open swap-free cent/micro accounts with the broker.

Best Cent/Micro Account Forex Broker for Beginners

We have picked XM as the best cent/micro account forex broker for beginners.

When it comes to beginner traders, XM offers excellent resources to educate themselves on both the workings of the forex market and also trading strategies. The broker is well-regulated, holding licenses in the UK, Cyprus, Australia, UAE, and Belize.

XM offers trading with more than 1,300 instruments, including currency pairs, stocks, indices, and commodities. Its Micro Account is also versatile, supporting 11 base currencies. There is a lot restriction of 100 micro lots. The broker also offers negative balance protection on all its account types.

Best High Leverage Cent/Micro Account Forex Broker

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

HotForex is one of the few reputed brokerages that offer a cent/micro 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.

The Micro Account offered by HotForex offers trading services on MT4 and MT5 platforms. Micro account holders can access all trading instruments, which are in the offering to traders with any other account type. It supports three base currencies (USD, EUR, and NGN), and the trade size is capped at 7 standard lots.

Best MT4 Cent/Micro Account Forex Broker

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

FXTM’s Micro Account offering stands out as the broker only offers services on the MT4 platform. For other account types, the broker also 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.

Best Cent/Micro Account Forex Broker with Low Spreads and Fees

We have picked FBS as the best cent/micro account forex broker with low spreads and fees.

FBS undoubtedly offers the best cent/micro account when it comes to trading-related fees. Our testing finds that the spreads charged by the broker on EUR/USD pair averaged at 1.13 pips, much less than than the industry average. Apart from spreads, the broker has minimum non-trading fees.

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

Cent/Micro Account Forex Brokers List

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

Forex BrokerAccount TypeVisit BrokerBroker Review
XMMicro AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
FXTMCent AccountDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
RoboMarkets (RoboForex)Cent (micro) AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets (RoboForex) Review
FBSCent Account & Micro AccountDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
HotForexMicro AccountNAVisit HotForex

Brokers that do not offer a separate cent/micro account, but allow trading with micro lot:

  • FP Markets
  • OANDA
  • Exness
  • eToro

FAQ and More on Brokers Offering Cent/Micro 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/micro accounts.

Cent/Micro Account Forex Brokers 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/micro accounts in Malaysia are:

  • RoboMarkets (RoboForex)
  • FXTM
  • HotForex

Cent/Micro Account Forex Brokers in South Africa

The Financial Sector Conduct Authority (FSCA) regulates all forex brokers operating in South Africa. Some of the FSCA-regulated forex brokers offering cent/micro accounts in South Africa are:

  • FXTM
  • HotForex

Cent/Micro Account Forex Brokers in India

Though the Securities and Exchange Board of India (SEBI) oversees Indian financial services players, forex brokers are loosely regulated in the country. Some of the well-regulated forex brokers offering cent/micro accounts in India are:

  • FBS
  • XM
  • HotForex

MT4 Cent Account Forex Brokers

MetaTrader4 or MT4 is the most popular trading platform for trading forex and CFDs, both among retail and professional traders. Some of the forex brokers offering cent/micro accounts on the MT4 platform are:

  • FBS
  • RoboMarkets (RoboForex)
  • XM
  • HotForex

High Leverage Cent/Micro Forex Brokers

Leverage is a crucial aspect in forex trading and higher leverage levels offered by a broker attract more traders. Some of the high leverage forex brokers offering cent/micro accounts are:

  • FBS
  • XM
  • HotForex

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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