Cent Trading Account
Are you interested in opening a TRAZE Cent account? If so, here is a crystal clear overall of this account. Find out what you need to know about it, if it’s right for you and how to get started.
What is a Cent Trading Account?
A Cent trading account is an account that is offered to traders and investors in Traze. The main differences of a Cent Account revolve around how much the initial deposit is, the type of account currency and the standard lot contract unit. It is a smaller account than the STP as its standard lot unit size is 1,000, making it essentially a micro lot account.
With a Cent Account, you get to open one with a minimum of $15 initial deposit, which is the lowest TRAZE offers. However, what gives the Cent account its name is the type of currency it uses, which is US Cents.
Account Details
The Cent account is perfect for traders and investors who are opting for a more accessible entry point than the STP Account. If you would not want to go more than $15 for your initial deposit, the Cent Account is your best choice.
trading conditions
- Initial deposit $15 / 1500 Cent
- Trading Account Base Currency US Cents
- Minimum FX Spread 1.3 pips
- Leverage Up to 1:2000
- Standard Lot Contract Units 100,000
- Maximum open positions and pending orders 150
- Order volume 0.01 to 30 lots (0.01 step)
- Stop-Out Level 20%
- Market Execution from 0.3 sec
ON THE GO
What Can You Do and Get from It?
You get a much better control of trading and investment risks. This works very well for beginners as it opens possibilities for portfolio diversification, thanks to the small initial deposit amount. With that, you get to open multiple accounts, which leads to multiple open positions.
When you sign up for a Cent Account, you only need to put up $15 as a deposit, compared to $50 for Standard’s and $200 for ECN’s.
Also, a Cent Account allows you to experiment with trading and investing strategies but only if you’re a seasoned trader. However, since the entry price is as low as $15, intermediate traders and investors can also join in.
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