Cent accounts Exness are often used for newbies or traders running Bots. There are not too many trading floors that allow this type of account. If you are a new trader or want to learn more about Exness, please join EX Trading by following the article below:

What is Cent Exness account? 

Exness Cent or Standard Cent, as the name suggests, is a basic account with a small capital. This type of account allows users to conduct foreign exchange transactions on the exchange. With a Cent account, you can optimize fees with your capital as well as execute lot orders that are not too large. 

This is the type of account used by newbies in the forex field. Simply because in addition to bringing practical experience, it also limits risks. You can absolutely “practice” with this account without fear of losing too much money.

Some concepts related to cent account Exness

Coming to Cent type, new traders should know about the concept of Cent Lot. Most other accounts will use Lot as the unit of measurement. However, with a Cent Account, you will be able to trade with extremely small units: Cent Lots.

Convention: 100,000 Cents = 1 lot of Cents

Converted to USD will be 1000 USD

The minimum transaction according to regulations is 0.01 Cent, which is at least 10 USD per transaction.

In addition, on Exness, the Cent account also has another name, USC. We convert: 100 USC = 1 USD. That means, if you deposit 10 USD, you will have 10.00 USC.

Features and information allowed in Cent account:

• Maximum lot volume: 200 Cent lots.
• Minimum lot volume: 0.01 Cent.
• 0% risk protection margin.
• Spread 0.3 pips
• No commissions, no leverage limits.
• The margin Call is set at 60%.
• Use trading tools such as foreign exchange and metals.
• Free overnight fees.
• Order matching is based on market order matching. Easy to use without needing a quote next time.
•  Highest Cent account leverage. This helps you deposit money freely and gain more benefits.
• Convenient local payment.

>>>See more: Create Exness Account: Instructions for on your phone

Why should you use a cent account Exness?

For those new to trading:

Forex trading is a complex field, and newbies without in-depth instructions will find it quite difficult to grasp. It is not difficult to see that many traders will encounter problems the first time. When you do not have solid experience, you can easily encounter losses. That is the reason for you to open a Cent account (Standard Exness)

• Learning from experience: Only spend 10 USD (About 236,000 VND at current prices), but what you get out after the first use is a lot.
• “Real combat”: Demo accounts do allow you to try trading. However, Demo is very different from real experience. When using your money for profit or loss, you will have a clearer feeling.
• Profitable: cent account Exness is a practice account that offers real profits. With a small amount of capital, you can receive money if the transaction goes smoothly. Moreover, there is no commission fee, the actual difference is also very low.

• Be more careful: If you don’t try trading, you will be easily subjective when the Demo is too easy to use. Winning too simply will make many traders easily “illusion” about the actual possibilities.
• Low risk, low fees.
• You have the right to sell Copy Trade signals: If the transaction is profitable, users can sell trading signals on MQL5.

For Traders using Cent Exness accounts:

Serving BOT Trading, AE Trading. Most of the BOTs in the trading market are BOTs that stuff orders, weigh orders, and accumulate losses. That is, experienced traders running BOT, use cent accounts as a way to make BOT have more trading money.

Disadvantages of Cent account:

Besides the benefits, Cent accounts still have some limitations for users such as:

• The Spread is larger than other accounts, especially the Exness zero account
• Limit the maximum number of transactions placed.

In general, the above disadvantages will often occur to experienced traders who want higher returns. For newbies, this is still not a problem. And once you have a deeper understanding of transactions, you can completely switch from Cent to other account types. 

Is there any danger in using a cent account Exness?

Actually no. Even if there is a loss, the loss on this account is relatively small. Those who are new to forex trading, often tend to place relatively small transaction sizes. So when you lose, you only lose a small amount. But the money and the lessons learned are still worth it. At least it’s still lower than the poor-quality financial courses that are widely available online.

In addition, there have been recent rumors that Exness is a scam trading platform. But in the end, all information is still unverified. To date, Exness is still a unit trusted by many traders. Therefore, you can completely feel secure when making transactions here.

Why should you use the cent account Exness?

Cent account Exness is a reputable and safe account:

Exness is a highly reputable trading platform in the world after 12 years of operation. Currently, the exchange owns licenses from local financial agencies such as FSA, FSCA, FCA, etc.

Up to now, the Exness exchange owns 4 large companies, including Exness ZA (PTY) Ltd, Exness BV, Exness (VG) Ltd, and Exness (SC) Ltd. Trusted and used by more than 269,692 customers globally.

Easy to trade, low spread, low risk:

As mentioned above, not many stock exchanges allow Cent accounts because the units are too small. But with Exness, you can completely try your hand here. When you start using account Exness, you will experience the most authentic feeling for foreign exchange trading. You can learn from your own experience for great success next time.

Moreover, if successful, you can still make a small profit for yourself without having to pay a commission, the difference is also very low. 

Summary:

Above is some information about the cent account Exness compiled by EX Trading. Hope this article will be useful to you.

>>>See more: Types of Exness accounts: Overview that you should know

FAQ

Besides the Cent account, can I use other account types?

Of course yes, besides Cent, you can use other account types to diversify your experience.

Is it difficult to create a Cent account? Is there a fee to create an account?

Not difficult. To create a Cent account, you will not need to pay any fees.

How is the registration interface of the Exness Cent account different from the DEMO?

DEMO is a trial account, this account mainly helps you understand trading methods as well as get familiar with the floor. Cent is a practical experience with low investment capital. The biggest difference is practical experience, you may gain or lose money when you start trading with Cent.