Cent brokers are great for new traders as they allow trading with very small investments compared to usual retail brokers. Due to the low point of entry, they can lower the risks for novice traders who want to start trading with real assets. These accounts show your deposits in 1/100th equivalent units of your currency. For example, your $100 is displayed as 10,000 cents. Thus, the name Cent Accounts. Check out our top 10 picks for the best cent account brokers.
Best Forex Cent Account Brokers
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
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OANDA is among the few international online forex brokers that accept U.S. clients.
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The broker’s trading platforms are unique with features of various valuable tools and resources, including the famous Dow Jones Forex Select news and trading calculators.
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OANDA does not require a fixed initial deposit on the standard account.
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OANDA’s financial offerings have some irregularities that may only suit some traders
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-Trading on OANDA may incur several fees, including a monthly inactivity fee
- Withdrawal feeN/A
- Deposit feeN/A
- Max Leverage1:50
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
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High leverage options (up to 1:1000) for experienced traders.
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Multiple account types to suit different trading needs.
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User-friendly platforms, including mobile trading.
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Limited information on regulatory licensing and oversight.
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Located in St. Lucia, a jurisdiction that may raise regulatory concerns.
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Lack of detailed information on fees or additional charges.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:1000
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
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Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker’s credibility as a financial service provider.
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Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
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Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
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Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
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No Customer Support Service on Weekends: Since trading is 24/7, it’s only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
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Steep Learning Curve
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Customer Service Could Be Better
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Unparalleled Market Access
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Competitive Pricing
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Advanced Trading Tools
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Steep Learning Curve
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Customer Service Could Be Better
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
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Well-Regulated Broker: Plus500 is regulated by multiple regulatory bodies across different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.
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Extensive Market Offerings: Plus500 is a multi-asset broker that offers trading on three different markets – the Plus500 CFD platform, Plus500 Invest (for share dealing, *availability subject to regulation), and Plus500 Futures (available only to US traders). Plus500 provides CFD trading across a broad range of asset classes, including shares, indices, forex, commodities, ETFs, and cryptocurrencies.
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Negative Balance Protection: As required by ESMA since 2018 for all European brokers, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.
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Limited Account Types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.
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Limited Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.
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Charges Inactivity Fee: After 3 months of inactivity, Plus500 charges traders $10 a month.
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Well-Regulated Broker: Plus500 is regulated by multiple regulatory bodies across different regions of operation. These regulatory bodies ensure that brokers uphold fair market standards for both individuals and corporations.
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Extensive Market Offerings: Plus500 is a multi-asset broker that offers trading on three different markets – the Plus500 CFD platform, Plus500 Invest (for share dealing, *availability subject to regulation), and Plus500 Futures (available only to US traders). Plus500 provides CFD trading across a broad range of asset classes, including shares, indices, forex, commodities, ETFs, and cryptocurrencies.
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Negative Balance Protection: As required by ESMA since 2018 for all European brokers, Plus500 provides negative balance protection to ensure that customers cannot lose more money than they have deposited into their accounts.
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Limited Account Types: Plus500 does not offer its clientele a variety of trading accounts; hence it limits their trading preference.
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Limited Trading Features: Direct third-party analytical and automation tools integration with WebTrader is unavailable across Plu500 platforms. There is also no functionality for back-testing.
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Charges Inactivity Fee: After 3 months of inactivity, Plus500 charges traders $10 a month.
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:30
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
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Competitive Trading Conditions
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Wide Range of Tradable Instruments
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Advanced Trading Platforms
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Limited Regulatory Oversight for Some Entities
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Limited Educational Resources for Beginners
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Mixed User Reviews
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:2000

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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
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Regulated by an Offshore Regulator
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Limited Demo Account
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Extensive Range of Tradable Instruments
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Competitive Trading Conditions & Accounts
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Versatile Trading Platforms
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Regulated by an Offshore Regulator
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Limited Demo Account
- Withdrawal fee1%
- Deposit fee$0
- Max Leverage1:2000
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NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
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NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.
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NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.
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NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.
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NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.
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To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.
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NeoMarkets’ website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.
- Withdrawal fee$0 (conditions apply)
- Deposit fee$0
- Max Leverage1:500
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High Leverage Options
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Low Initial Deposit Requirements
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
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High Leverage Options
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Low Initial Deposit Requirements
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Lack of Proper Regulation
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Withdrawal Issues
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Poor Customer Support
- Withdrawal fee$0
- Deposit fee$0
- Max Leverage1:3000
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
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Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.
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Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.
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Competitive spreads start from 0.1 pips.
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Not available for US clients.
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A limited selection of account types to choose from.
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No social trading or copy trading options available.
- Withdrawal feeN/A
- Deposit feeN/A
- Max LeverageN/A
What is a Forex Cent Account?
A forex cent account divides the base currency into smaller units, allowing traders to trade with smaller positions, often as low as 0.01 lots. This makes cent accounts perfect for beginners looking to trade with minimal risk.
How Do I Choose the Best Forex Cent Account Broker?
When choosing a broker for a cent account, consider low minimum deposits, competitive spreads, reliable execution, and solid customer support. Don’t forget to check the broker’s regulatory status and review feedback from the trading community.
Are Forex Cent Accounts Suitable for Beginners?
Yes! Cent accounts are a great way for beginners to learn the ropes with smaller risk exposure. They allow you to practice strategies in real market conditions without risking large sums of money.
Advantages and Disadvantages of Forex Cent Accounts
The main advantage is reduced risk, letting you trade with smaller amounts. However, they can limit profits due to smaller position sizes and may have higher relative spreads. There’s also the temptation to overtrade, so it’s crucial to choose the right broker.
How Much Money Do I Need to Start Trading with a Forex Cent Account?
Most cent accounts have minimum deposits as low as $1-$10, but starting with $100-$200 gives you more flexibility and better trading options.
Final Thoughts
Forex cent accounts are ideal for beginners who want to start trading with less risk. They provide a low-entry way to practice and test strategies, but always pick a broker carefully to ensure good conditions. Check out our list of top forex cent account brokers to get started.