Skip to content
Country Flag US
Select Country
Country selection We will display only brokers and information that is relevant to your country.
Currently selected country
Select a different country
Language See the content translated in your language.
Save country & language and close
Home » Forex Brokers » By Account Type » Cent Account

Best Forex Cent Account Brokers

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.

Country
Any
Rating
Any
Bonuses
Any
Regulated
Any
Investor Protection
Any
All filters
Clear
Order by
OANDA
trusted
Available in
Country Flag
1
OANDA
13 customer reviews
Rating
4.5
/ 5
Expand
  • Exceptional Execution
  • US Clients
  • Scalping
Pros

  • OANDA is among the few international online forex brokers that accept U.S. clients.

  • 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.

  • OANDA does not require a fixed initial deposit on the standard account.

Cons

  • OANDA’s financial offerings have some irregularities that may only suit some traders

  • -Trading on OANDA may incur several fees, including a monthly inactivity fee

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max Leverage1:50
Start trading
Add to compare list
Markets.com
Available in
Country Flag
2
Markets.com
6 customer reviews
Rating
3.9
/ 5
Expand
  • Specialized trading accounts
Pros

  • 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.

  • 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.

  • 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.

Cons

  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • 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
Start trading
Add to compare list
Interactive Brokers
Available in
Country Flag
3
Interactive Brokers
3 customer reviews
Rating
3.9
/ 5
Expand
  • 24/7 instant money withdrawal
Pros

  • Unparalleled Market Access 

  • Competitive Pricing 

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
Add to compare list
Exness
trusted
Not available in
Country Flag
4
Exness
52 customer reviews
Rating
4.9
/ 5
Expand
  • Specialized trading accounts
  • 24/7 instant money withdrawal
  • Free VPS hosting
Pros

  • Competitive Trading Conditions

  • Wide Range of Tradable Instruments

  • Advanced Trading Platforms

Cons

  • Limited Regulatory Oversight for Some Entities

  • Limited Educational Resources for Beginners

  • Mixed User Reviews

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
Add to compare list
RoboForex
trusted
Not available in
Country Flag
5
RoboForex
102 customer reviews
Rating
4.9
/ 5
Expand
  • Free VPS hosting
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • Extensive Range of Tradable Instruments

  • Competitive Trading Conditions & Accounts

  • Versatile Trading Platforms

Cons

  • Regulated by an Offshore Regulator

  • Limited Demo Account

  • Withdrawal fee1%
  • Deposit fee$0
  • Max Leverage1:2000
Start trading
Add to compare list
Neomarkets
trusted
Not available in
Country Flag
6
Neomarkets
1 customer reviews
Rating
4.8
/ 5
Expand
  • 24/7 instant money withdrawal
  • Affiliate Program
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • 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
Start trading
Add to compare list
FxGlory
trusted
Not available in
Country Flag
7
FxGlory
9 customer reviews
Rating
4.7
/ 5
Expand
  • 24/7 instant money withdrawal
  • Specialized trading accounts
Pros

  • High Leverage Options

  • Low Initial Deposit Requirements

Cons

  • Lack of Proper Regulation

  • Withdrawal Issues

  • Poor Customer Support

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:3000
Start trading
Add to compare list
Alfa-Forex
trusted
Not available in
Country Flag
8
Alfa-Forex
0 customer reviews
Rating
4.7
/ 5
Expand
  • Free VPS hosting
  • Specialized trading accounts
Pros

  • Regulated by the Central Bank of Russia, ensuring a high level of security for client funds.

  • Offers a wide range of assets, including forex currency pairs, commodities, indices, stocks, and cryptocurrencies.

  • Competitive spreads start from 0.1 pips.

Cons

  • Not available for US clients.

  • A limited selection of account types to choose from.

  • No social trading or copy trading options available.

  • Withdrawal feeN/A
  • Deposit feeN/A
  • Max LeverageN/A
Start trading
Add to compare list
Libertex (Europe)
trusted
Not available in
Country Flag
9
Libertex (Europe)
0 customer reviews
Rating
4.7
/ 5
Expand
  • Affiliate Program
  • Very Low Commissions
  • Proprietory Trading Platform
  • Real Stock Options
Pros

  • Highly Regulated Broker: Libertex is regulated by CySEC, and has been operating for over a decade making it one of the reputable names in the brokerage space. 

  • Extensive Range of Underlying Assets: Wide range of CFDs (300+ across all major markets) plus real stock investment.

  • Major and Proprietary Trading Platforms: You can access popular trading platforms like MT4 and MT5. In addition, you can also trade with the company’s proprietary trading platform. 

Cons

  • Leverage Capped at up to 1:30 for Retail Clients: Retail leverage is capped at 1:30 because of CySEC regulation.

  • No Islamic (Swap-Free) Account: The broker does not offer Swap-Free/Islamic accounts. You can explore other brokers who offer swap-free trading on TopBrokers.

  • Limited Availability: Only clients from EEA Area and Switzerland are accepted.

  • Withdrawal feeLow (depends on platform)
  • Deposit fee€0
  • Max Leverage1:30
Start trading
Add to compare list
XM
trusted
Not available in
Country Flag
10
XM
34 customer reviews
Rating
4.7
/ 5
Expand
  • Specialized trading accounts
  • Free VPS hosting
  • 24/7 instant money withdrawal
Pros

  • Regulated by Top-tier Authorities

  • Low Spreads and Commissions

  • Popular Trading Platforms

Cons

  • Limited Asset Coverage

  • Platform Selection Limited

  • Withdrawal fee$0
  • Deposit fee$0
  • Max Leverage1:888
Start trading
Add to compare list
Our ranking methodology and selection process

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.