FBS Cent Account Review
FBS is a forex and CFD broker with over 27 million clients. Alongside its Standard account, it offers a Cent account, where balances and positions are shown in cents rather than dollars. This allows much smaller position sizes than a Standard account, with a minimum deposit of $5.
In this FBS Cent account review, we look at how the account works, what it costs, how lot sizes compare with a Standard account, and how to open one. This review covers the Cent account on FBS.com, operated by FBS Markets Inc. FBS also runs separate regional websites with their own conditions, which are not covered here.
What Is the FBS Cent Account?
On the FBS Cent account, your balance and positions are shown in cents rather than dollars. A $10 deposit appears as 1,000 cents, and every trade is sized in cent lots, which are a hundred times smaller than standard lots. This means each price move has a smaller effect on your balance than the same trade on a Standard account.
| Minimum deposit | $5 |
| Spreads | From 0.7 pips on major forex pairs |
| Commission | None |
| 1 cent lot | 0.01 standard lots, or 1,000 units |
| Minimum order | 0.01 cent lots (0.0001 standard lots, or 10 units), in steps of 0.01 |
| Maximum order | 500 cent lots (5 standard lots, or 500,000 units) |
| Platforms | MetaTrader 4 and MetaTrader 5, with up to 5 Cent accounts on each |
Your capital is at risk. Leveraged products may not be suitable for everyone.
How Cent Lots Compare With Standard Lots
One cent lot equals 0.01 of a standard lot, or 1,000 units of the base currency. The smallest order you can place is 0.01 cent lots, which is just 10 units, and the largest is 500 cent lots, the same as 5 standard lots. For example, a 1 cent lot trade on EURUSD moves your balance by about 10 cents per pip, compared with $10 per pip on 1 standard lot.
FBS itself notes that Cent accounts involve a different level of risk and recommends them for traders who are just starting out. Smaller positions mean smaller losses on each trade, but they do not remove risk: leverage still applies, and you can still lose the money you deposit.
Pros and Cons of the FBS Cent Account
Pros
- $5 minimum deposit: A low amount needed to open the account.
- Small positions: Orders start from 10 units, much smaller than on a Standard account.
- No commission: Costs are built into spreads from 0.7 pips on major forex pairs.
- MetaTrader 4 and 5: Up to 5 Cent accounts on each platform, alongside your Standard account.
Cons
- Maximum order of 5 standard lots: Larger traders will outgrow the account.
- Small profits too: Smaller positions limit gains as much as they limit losses.
How to Open an FBS Cent Account
Opening a Cent account follows FBS's usual registration process:
- Register: Sign up on FBS.com with your email address and full name, then accept FBS's terms and conditions.
- Verify your account: Confirm your email address and complete FBS's identity verification.
- Choose the Cent account: When you open a trading account, select the Cent account on MetaTrader 4 or MetaTrader 5, if it is offered to you.
- Deposit and trade: Fund your account with at least $5 and start trading.
Your capital is at risk. Leveraged products may not be suitable for everyone.
Who the FBS Cent Account Suits
The Cent account suits traders who want to move from a demo account to live trading without committing much money, and experienced traders who want to test a new strategy or an Expert Advisor (EA) on a live account with small positions. It also lets you try FBS's platforms, execution and support before deciding whether to trade larger sizes. If you plan to trade more than 5 standard lots per order, a Standard account is the better fit. Our guide to the best cent account forex brokers compares other options.
About FBS: Markets and Regulation
FBS.com is operated by FBS Markets Inc., which is regulated by the Financial Services Commission (FSC) in Belize under licence number 000102/31. This is an offshore regulator, so investor protection differs from what a local regulator in your country might offer. FBS serves over 27 million clients, making it one of the biggest forex brokers in the world.
FBS.com offers over 550 instruments, all traded as CFDs. These include major, minor and exotic currency pairs, metals such as gold, silver, platinum and palladium, and popular indices such as the US30 and US100. You can also trade energies like oil and natural gas, as well as shares of companies such as Apple, Alibaba, BP and Barclays.
Final Verdict
The FBS Cent account is designed for trading small position sizes. With a $5 minimum deposit, orders from 10 units and no commission, it can be used to try FBS's platforms or to test a strategy or an EA on a live account. The main trade off is that orders are capped at 5 standard lots, so it works best as a starting point or a testing account rather than a long term home for larger traders.
Your capital is at risk. Leveraged products may not be suitable for everyone.
Frequently Asked Questions
The minimum deposit is $5. On the Cent account, a $5 deposit shows as 500 cents in your balance, and because orders start from 0.01 cent lots, even a small deposit is enough to place trades.
One cent lot equals 0.01 standard lots, or 1,000 units. The minimum order is 0.01 cent lots (10 units) and the maximum is 500 cent lots, which equals 5 standard lots.
Register on FBS.com, verify your email and identity, then select the Cent account when opening a trading account on MetaTrader 4 or MetaTrader 5, if it is offered to you. You can then fund it with at least $5.
Yes. You can open up to 5 Cent accounts on MetaTrader 4 and up to 5 on MetaTrader 5, alongside your Standard account.
It lets you trade much smaller positions, so each trade puts less money at stake. It does not remove risk, though: leverage still applies, and you can lose the money you deposit.
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