Best Cent Account Forex Brokers

A Cent account allows clients to trade financial markets using cents. Cent forex accounts are a necessity in the market. Some traders do not have much capital to invest in financial markets and Cent accounts offer clients low entry points and more manageable risks for both new and existing traders. They allow clients to practice trading strategies without risking a huge chunk of their capital.


Today, we are going to look at some of the best forex brokers that offer Cent accounts. To determine which brokers fall on this list, we are going to consider the criteria below.

Our Criteria For Selecting Best Cent Account Forex Brokers

To make our selections for the best cent account forex brokers, we are going to consider the following:

  • The forex brokers have to offer a cent account.
  • The trading fees a broker charges to its clients. The cheaper the trading fees, the more attractive a broker is to traders.
  • The trading instruments a broker has to offer. Brokers with a wider selection of trading instruments can accommodate a wider variety of traders.
  • The regulatory status of a broker. Regulated brokers are much safer to invest with than unregulated ones.

What is a Cent Account?

We already covered here on TradingBeasts the difference between a Cent account and a Standard account. In a nutshell, a Cent account is a forex account that allows clients to trade in cents and have their account balances in cents. This gives traders lower entry points. Below are some of the advantages and disadvantages of using a Cent Account.

Advantages of Cent Accounts

  • Lower entry points for new and existing traders.
  • The risk on Cent accounts is more manageable.
  • Existing traders can test out new strategies without risking huge capital.
  • Less wealthy traders can still invest in the forex market using this account.

Disadvantages of Cent Account

  • Lower investment amounts lead to lower overall profits.
  • The spreads can be higher on some cent accounts to compensate brokers.
  • Most brokers limit the maximum account and order sizes on cent accounts.

With that, here is our list of some of the Best Cent Account Forex Brokers.


Exness is one of the best cent account forex brokers in the market today. The Standard Cent account on Exness features spreads starting from 0.3 pips and a maximum lot size of 200. These are some of the lowest spreads in the market today. The Cent account and its features is part of Exness’ mission to accommodate all kinds of traders, even those with small capitals. On top of that, they have a zero spread account for traders making a deposit of at least $500.



Back to the Standard Cent account, there are limitations. For example, you can only trade a maximum number of 1000 positions.. Additionally, you can only trade instruments from two markets, the forex market and the metals market. Finally, this account is only available on the MT4 platform. Therefore, clients on this account will not have access to the newer MT5.


The average spreads on the Standard Cent account can go as low as 1 pip for major currency pairs. There are no hidden fees on Exness and no swap fees for most of the trading instruments. Regarding regulations, this company has a great collection of regulatory licenses. The company has licenses from the CySEC, the FCA, the FSCA, the CMA, and the FSC. This collection of regulatory bodies is backed with longevity in the market without issues.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.



XM features four main account types for its clients. Two of these accounts are the Micro Account and the XM Ultra Low Account. These are the accounts designed for novice traders and traders not looking to invest a lot of money. These are also micro accounts which are perfect for traders looking to practice new trading strategies without risking a lot of money.



There are over 1,000 tradable assets on XM which fall under several markets. Clients can trade forex currencies, cryptocurrencies, shares, indices, commodities, precious metals, energies, and stock CFDs. They can trade these assets on some of the best spreads in the market. The spreads on this broker are industry standard and competitive. For example, the standard account has a spread of 1.6 pips for the EUR/USD pair.


XM is a regulated broker with a good reputation in the market. This company has regulations from several regulators which include the CySEC, the ASIC, and the FSC. The CySEC and the ASIC are tier-1 brokers with strict regulatory guidelines. Having regulatory licenses from these two regulators is one of the features that make XM a Tier One broker in the market. Note that regulations alone are not enough. However, this company has longevity and a good track record on its side.

72.82% of retail investor accounts lose money when trading CFDs with this provider.


FXTM is another forex and CFD broker that has a Cent account available to its clients. Clients can open a Micro account with a minimum deposit of $/£10. This account shows client balances in Cents, the GBP Pence, or even NGN Kobo. The spreads on this account start from 1.5 pips which may not be very attractive to all traders. However, there are no commissions involved. Additionally, you can only trade instruments from a select few markets. These include forex, metals, commodities, forex indices, and stock baskets. This is a great collection of trading instruments for clients who want to invest in multiple markets at the same time.



We always insist that you should only invest with brokers that have regulations. Regulated brokers are the safest in the market. Luckily, FXTM has regulations from the FCA in the UK, the CySEC in Cyprus, and the FSCA in South Africa. These are great regulatory watchdogs watching over FXTM.


HotForex also hosts clients who want to trade using cents on their Micro trading account. The initial deposit for this account is $5, which is manageable for many kinds of traders. This account allows traders to use some of the best trading software in the market, the MetaTrader 4 and the MetaTrader 5. These are very powerful software with many tools to assist the client while trading, including charting tools and automated trading.


There are also a variety of trading instruments available on HotForex. These include assets in the forex, metals, energies, indices, stocks CFDs, commodities, bonds, ETFs, physical stocks, and cryptocurrencies. This lineup of trading instruments accommodates all kinds of traders. Whether they want to invest in one market exclusively or diversify their portfolios. The spread on the micro account goes as low as 1 pip for major currency pairs and there is no commission involved. Such spreads are industry standard and not exorbitant.


Finally, HotForex is a regulated broker. The company has authorization and license from the CySEC, the FCA, the FSCA, and the FSC among others. Regulation alone is not enough. But you are better off investing with forex brokers that are regulated than those without regulations.


RoboMarkets is the EU subsidiary of the global broker, RoboForex. RoboMarkets has regulations from one of the best regulators in the market, the CySEC from Cyprus. This regulator allows the company to operate within the EU unrestricted. It is one of the best financial regulators in the world today. While regulations are not enough, it is freshening to know RoboMarkets has a license from this reputable regulator.


Traders can open a Cent account on RoboMarkets by making an initial deposit of $100. This account supports a variety of base currencies including the US Dollar, the Great British Pound, the Euro, the Swiss Franc, and Gold. This accommodates clients from a variety of regions and jurisdictions. There are a variety of trading instruments on RoboMarkets. The available assets are forex, stocks CFDs, commodities, indices, ETFs, and metal CFDs. This is a great way to invest in multiple markets at once. As a bonus, this company offers clients some of the best trading platforms in the market today, the MetaTrader 4 and MetaTrader 5. The minimum spreads on this account can go as low as 1.6 pips for some major currency pairs. While not exorbitant, there are brokers that offer better deals on this list.

FBS Europe

FBS Europe is the European subsidiary of FBS operating under the regulation of the CySEC. The CySEC being one of the most respected regulators in the market gives FBS EU a good reputation among traders. This broker offers its clients a Cent account with an initial deposit of €10 or equivalent in US Dollars. The Cent account also comes with floating spreads starting from as low as 1 pip which is the industry standard.


There are several markets available on the Cent account on FBS. Clients can trade 28 different currency pairs, 4 metals, CFDs on indices, commodities, stocks, and energies. Note that CFD trading comes with a lot of risks. The majority of the traders trading CFDs end up losing their funds. Make sure you understand the risks before you invest. The trading software available to clients using this account include both the MT4 and the MT5. These are two of the most popular trading platforms on the planet. They are great for all kinds of traders as they come with charting tools and automated trading.


InstaForex also features two cent accounts for its clients. With an initial deposit of $1, clients can open either a Cent.Standard account or a Cent.Eurica account. The Cent.Eurica account features spreads starting from 0.0 pips and a commission of 0.03%-0.06%. This is one of the brokers offering a zero spread forex account. The Cent.Standard account features spreads between 3-7 pips with no commissions. The markets available to clients include forex, shares, indices, metals, oil and gas, commodity futures, cryptocurrencies, and instafutures. In total, the company features over 200 tradable assets on its platform. This is a great place to invest in multiple markets.


Regarding regulations, Instaforex has authorization from the CySEC, the BVIFSC, and the FSC. While regulations alone is not enough, it is still a good sign when a company has multiple regulatory licences. Another attractive feature of this broker is its variable leverage. Traders can trade without leverage or trade with a leverage of up to 1:1000 (the availability of maximum leverage depends on the country of your residence). This is one of the highest leverage in the market.


Forex4you rounds out our list of best cent account forex brokers. This broker allows clients to trade on the Cent without a minimum deposit limit. Therefore, clients can invest in this account with whatever amount they have. The leverage on this account ranges from 1:10 all the way up to 1:1000 (the availability of maximum leverage depends on the country of your residence). However, the spreads on this account are particularly high starting from 2 pips.


There are over 150 tradable assets on Forex4you across four main markets. These markets include the forex, indices, commodities, and stock markets. Forex4you also operates Share4you, a platform that allows clients to copy the trades of other traders. The Cent account is also available on this Share4you platform. The regulatory status of Forex4you is not the most impressive. The company has regulations from the BVIFSC in the British Virgin Islands and the FSC in St Vincent and the Grenadines. Unfortunately, such regulators have a more relaxed approach to brokers and cannot be compared to top European, US or Australian regulators.

Final Thoughts on the Best Cent Account Forex Brokers

Cent accounts allow clients with small investment capital to invest in financial markets. They accommodate all kinds of traders, even professional traders looking to practice new trading strategies. These accounts are also more manageable. Here, we looked at some of the best cent account forex brokers in the industry today. These brokers are regulated and offer some of the best trading conditions in the market.


While these brokers met our criteria for the best cent account brokers, this is not an exhaustive list. We encourage you to do your own research before you choose a broker to invest with. That way, you will choose the broker that best suits your investment needs. The brokers on this list are a good place to start.

October 01, 2023 AT 17:54 / reply
Are there any Forex brokers that offer cent account available for use in usa?
October 01, 2023 AT 18:32 / reply
Unfortunately, the number of brokers available in the US is fairly limited. I was looking at and OANDA (both very popular brokers regulated in the US) but neither of them offers a cent account. Perhaps there is a broker that offers a cent account in the US but I do not know it.
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