Many people don’t know much about the Standard Cent account. The standard cent account is an account type that allows you to trade from a small amount with a small transaction unit. Therefore, if you are accustomed to demo trading, this is the account type that we recommend first when trying real trading. With a standard cent account that allows you to trade with real money, even though it is a small amount, you can make a smooth transition from demo trading to real trading.
- Standard cent account
- Advantages of the Standard Cent Account
- Disadvantages of Standard Cent account
- Recommended for beginners
Standard cent account
Since the Standard Cent account is for small transactions, it is the best account type for those who are new to Forex and for beginners who are new to Forex. You will be able to enjoy FX trading with unlimited leverage and stable spreads in a low risk environment. You can open an account from the following. This account type only has MT4.
|Minimum initial deposit amount||From $1, depending on payment method|
|Maximum leverage||Unlimited leverage|
|Average spreads for major currency pairs||USD/JPY：1.1 pips|
|order execution||market execution|
|Number of stocks handled||FX (foreign exchange): 34 Precious metal: 2 Total: 36|
|Supported trading platforms||MT4, Web Terminal, Trading App|
The features are explained below. The margin can withstand losses up to the maintenance rate of 0%, and the loss cut occurrence level is limited to 0, so you can withstand losses until the entire amount is lost. There are almost no campaigns or bonuses, but automatic trading (EA) tools can be used if necessary. Among overseas FX companies, our service is characterized by the narrowest spreads in the industry. You can also create additional accounts from your personal area.
Handling of financial products
Currently, the Standard Cent account, like the Standard account, is rich because it supports stocks, currency pairs (US dollar, euro, pound, Japanese yen), minor currency pairs, virtual currency (Bitcoin), energy, and stock index indexes. . This account is recommended for beginners in investing. Market orders, limit orders, and instant settlement are also possible, and you can enter even from low lots.
Account for beginners
The Standard Cent account is an account type in the Standard category that is particularly distinctive in its trading unit settings. In the Standard Cent account, 1 lot = 1000 currencies. With a Standard Cent account, you can trade at 1/100th the trading volume per lot compared to other account types. This account type is recommended for people who want to avoid risk. Contract rejections are also rare.
How narrow is the spread?
Similar to the standard account, this account also tends to have wide spreads. It is a floating spread, and swap points will be generated if the spread is spread over a day. It is recommended for those who are just starting out, but for intermediate and advanced users, considering the spread, a low spread account is recommended.
New entries to the Standard Cent account are possible from 0.01 lot. The maximum position limit is 200, which is a very high limit, and it is possible to hold and settle multiple positions. The detailed conditions are the same as the standard account. Leverage is high and can be changed. There are also no transaction fees.
Differences between cent and standard accounts
The differences between Standard Cent and Standard accounts are summarized below.
difference in trading volume
The Standard Cent account allows you to trade with 1/100th the trading volume of other account types, so even with the same number of lots, the profit or loss due to price movements is smaller than other account types. Standard account will be 1 lot. If you move 100 pips, the standard account moves ±100,000 yen, while the standard cent account allows you to trade within ±1,000 yen.
Account currency difference
The account currency that is the base of the account is different. Standard account allows you to choose from 42 account currencies including Japanese Yen, but Standard Cent account allows you to choose only 6 account currencies (USC, EUC, GBC, CHC, AUC, CAC).
Differences in tradable instruments
The Standard account allows you to trade a wide variety of CFDs, while the Standard Cent account is limited to Forex and Precious Metals. Forex currency pairs are 98 for standard accounts and 34 for standard cent accounts.
Advantages of the Standard Cent Account
The standard cent account is an account that allows you to trade with low risk from the smallest unit cent lot, and it will be for beginners. Another advantage is that you can trade popular stocks recommended for beginners. Furthermore, maximum unlimited leverage is also available, spreads from 0.0 to 0.3 pips, and easy-to-set market contract methods. In addition, it supports zero cut, and there is no hidden cost without margin. As for opening conditions, it is possible to open up to 10 accounts at the same time by transferring funds between accounts from as little as 1 dollar.
Disadvantages of Standard Cent account
The disadvantage of the standard cent account is that it is only compatible with MT4 because it is a limited edition with simple functions that is specialized for beginners. Not suitable for those who want to use MT5. The number of financial instruments handled is also less than the standard account. Slippage can also occur.
Recommended for beginners
The Standard Cent account is recommended for beginners. This means that it is recommended for trading beginners or Exness beginners. This is because the Standard Cent account specializes in small-value transactions, which reduces risk.
The Standard Cent account is highly specialized for small-value transactions. This makes it a highly recommended account type for beginners. Especially if you’re a beginner, you can’t win most of the time. Money keeps disappearing anyway, so if you’re going to lose money anyway, it’s better to keep it small. First of all, we recommend that you thoroughly use the Standard Cent account until you can start winning. It will take at least two or three years before you can trade successfully.
Recommended than standard account
There is a question of which is better, a standard account or a standard cent account, but if you want to practice trading, a standard cent account is recommended. As explained above, the reason is that there is almost no risk. It allows you to trade with lower risk than a standard account, so it is very specialized for practice. If you are planning to switch from a demo account to a real account, please try this account type first.