12 minute read
What Is an Exness Cent Account and How Does It Work?
For traders looking to enter the forex market with lower financial risk, the Exness Cent Account is an ideal choice. Designed for beginners and those who want to test trading strategies, a Cent Account allows users to trade with real money but in smaller units, measured in cents instead of dollars. This means that even with a small deposit, traders can open and manage trades without exposing themselves to high financial risk.
The Cent Account works similarly to a standard trading account, but instead of seeing balances and trades in full dollars, amounts are displayed in cents. For example, a $10 deposit appears as 1,000 cents, making it easier to practice and manage risk while experiencing real-market conditions. This account type is especially useful for new traders, algorithmic traders using Expert Advisors (EAs), and those testing new trading strategies. Understanding how the Exness Cent Account works can help traders build confidence and transition to larger trades over time.
What Is an Exness Cent Account?
An Exness Cent Account is a specialized trading account designed for traders who want to trade in smaller volumes while still experiencing real-market conditions. Unlike standard accounts where balances and trades are measured in dollars, the Cent Account operates in cents, meaning that all funds are displayed in cents rather than whole currency units. For example, if a trader deposits $10, their account balance will appear as 1,000 cents.
The Cent Account is particularly beneficial for beginners, risk-conscious traders, and those testing new strategies or Expert Advisors (EAs). It allows traders to place real trades with significantly lower financial risk compared to standard accounts, making it an excellent choice for learning and strategy development. Despite the lower trading volumes, the Cent Account provides full access to market execution, leverage, and trading instruments, allowing traders to build experience before transitioning to larger account types.
Key Features of an Exness Cent Account
The Exness Cent Account is designed to provide traders with a low-risk, real-market trading experience while using smaller trading volumes. Below are the key features that make it an excellent choice for beginners, strategy testing, and algorithmic trading.
Trading in Cents Instead of Dollars
Unlike standard accounts where balances and trades are measured in full currency units, a Cent Account converts deposits into cents. For example, a $10 deposit appears as 1,000 cents, allowing traders to open smaller trade sizes while managing risk effectively.
Low Minimum Deposit Requirement
The Cent Account allows traders to start with a very low deposit, making it an accessible option for those who want to trade with real money without a significant financial commitment. The exact minimum deposit varies depending on the payment method but can be as low as $1 or $10.
Suitable for Beginner Traders
Since trades are executed in cents, losses are significantly smaller compared to standard accounts. This makes it ideal for new traders who want to practice trading in real market conditions without the risk of large financial losses.
Ideal for Strategy Testing
The Cent Account is perfect for testing new trading strategies and Expert Advisors (EAs) before using them on larger accounts. Traders can experiment with different techniques, risk management settings, and market conditions with minimal exposure.
Small Lot Size and Flexible Leverage
Minimum Trade Size: 0.01 cent lot (equivalent to 0.0001 standard lots).
Maximum Trade Size: 200 cent lots.
Leverage: Up to 1:Unlimited in certain jurisdictions, allowing traders to control larger positions with a small deposit.
Market Execution with No Commission
The Cent Account offers market execution with no commission fees, meaning that traders only pay the spread. The spread starts from 0.3 pips, ensuring cost-effective trading.
Wide Range of Trading Instruments
Traders can access various markets, including:
Forex currency pairs (majors, minors, and exotic pairs).
Metals like gold and silver.
Limited Availability on Trading Platforms
The Cent Account is available only on MetaTrader 4 (MT4). It is not supported on MetaTrader 5 (MT5), so traders who prefer MT5 will need to choose a different account type.
Start Trading: Open Exness Account or Visit Website
How Does an Exness Cent Account Work?
The Exness Cent Account functions similarly to a standard trading account but with one key difference: all balances and trades are measured in cents instead of dollars. This means that when a trader deposits $10, it is displayed as 1,000 cents, allowing for much smaller trade sizes. This unique setup makes the Cent Account ideal for beginners, risk-conscious traders, and those testing new trading strategies.
1. Trading with a Cent-Based Balance
When trading on a Cent Account, all transactions are executed in cents rather than full currency units. For example, if a trader buys 0.01 lots of EUR/USD in a standard account, the position size would be 1,000 units of the base currency. However, in a Cent Account, the same trade would be equal to 10 units of the base currency, making it much smaller and less risky. This feature allows traders to gain real trading experience while minimizing financial exposure.
2. Lower Trade Sizes and Reduced Risk
A Cent Account enables traders to trade with very small lot sizes, with the minimum trade volume starting from 0.01 cent lots (equivalent to 0.0001 standard lots). This significantly reduces the potential losses or gains from each trade, making it ideal for learning, testing Expert Advisors (EAs), and fine-tuning trading strategies before using a standard or professional account.
3. Profit and Loss Calculation in Cents
Since the account balance is displayed in cents, profits and losses are also calculated in cents. For example, if a trader makes a profit of $1 in a standard account, the same trade in a Cent Account would show 100 cents in profit. This allows traders to experience real-market conditions without the stress of large financial risks.
4. Market Execution and Spreads
The Cent Account operates with market execution, ensuring fast order placement. There are no commissions, and spreads start from 0.3 pips, making it cost-effective for traders. The account also offers high leverage, allowing traders to control larger positions with a small deposit.
5. Example of a Trade on an Exness Cent Account
Let’s say a trader deposits $20, which appears as 2,000 cents in the Cent Account. If they place a trade of 0.10 cent lot (equal to 0.001 standard lots) on EUR/USD and the market moves 10 pips in their favor, the profit calculation would be:
Profit = Pips gained × Trade volume × Pip value= 10 pips × 1 cent per pip × 10 micro-lots = 100 cents (or $1 profit)
How to Open an Exness Cent Account?
Opening an Exness Cent Account is a simple and straightforward process. Whether you are a beginner looking to trade with minimal risk or an experienced trader testing new strategies, the Cent Account provides an excellent trading environment. Follow these steps to create your Exness Cent Account and start trading in cents.
Step 1: Register on the Exness Website
Visit the Exness Official Website – Go to www.exness.com.
Click on “Sign Up” or “Register” – Enter your email address, set a strong password, and choose your country of residence.
Verify Your Email – Check your inbox for a verification email and confirm your registration.
Step 2: Complete KYC Verification (Know Your Customer)
Before trading, Exness requires you to verify your identity to ensure secure and compliant trading.
Upload Proof of Identity – Provide a passport, national ID, or driver’s license.
Submit Proof of Address – A recent utility bill, bank statement, or government document (issued within the last 3-6 months).
Wait for Verification – Exness typically verifies accounts within a few minutes to 24 hours.
Step 3: Open a Cent Account in the Exness Personal Area
Log in to your Exness Personal Area.
Click on “Open New Account” and choose MetaTrader 4 (MT4) as the platform (Cent Accounts are not available on MT5).
Select “Standard Cent” as the account type.
Choose your account currency (USD cents, EUR cents, etc.).
Set leverage (Exness offers high leverage, but beginners should start with lower settings).
Create a trading password and confirm the account details.
Step 4: Make a Deposit
Once your Cent Account is created, you need to deposit funds to start trading.
Go to the “Deposit” section in your Personal Area.
Choose a payment method (bank transfer, credit/debit card, e-wallets, crypto, etc.).
Enter the deposit amount – The minimum deposit can be as low as $1 to $10, depending on the payment method.
Confirm and complete the transaction.
Step 5: Start Trading on Exness Cent Account
Download MetaTrader 4 (MT4) from the Exness website.
Log in to your Cent Account using the account credentials provided during registration.
Start trading with low-risk, cent-based trades, ideal for learning and strategy testing.
Start Trading: Open Exness Account or Visit Website
Benefits of Using an Exness Cent Account
The Exness Cent Account is a great option for beginners, risk-conscious traders, and strategy testers, providing a real-market trading experience with minimal financial risk. Below are the key benefits of using an Exness Cent Account.
Low Financial Risk for Beginners
One of the biggest advantages of a Cent Account is that trades are conducted in cents instead of dollars. Since all deposits and trades are displayed in cents, even a small deposit of $10 appears as 1,000 cents, allowing new traders to learn and practice trading without significant financial risk. This makes it an ideal starting point for those who want to gain confidence before moving to larger accounts.
Perfect for Testing Trading Strategies
Traders who want to test new trading strategies, indicators, or Expert Advisors (EAs) can use the Cent Account to experiment with real-market conditions but at a fraction of the risk. Unlike demo accounts, which use virtual funds, Cent Accounts allow traders to test strategies with real money, helping them understand actual trading psychology and risk management.
Lower Trade Size for Better Risk Management
Cent Accounts allow traders to place much smaller trade sizes compared to standard accounts. The minimum trade volume starts at 0.01 cent lots (equivalent to 0.0001 standard lots), meaning traders can control their risk exposure more effectively. This is especially useful for traders who prefer low-risk scalping or micro-lot trading strategies.
Ideal for Expert Advisor (EA) Testing
For traders who use automated trading strategies with Expert Advisors (EAs), the Cent Account is an excellent testing ground. It allows users to run their EAs under real trading conditions without the risk of large financial losses, making it easier to fine-tune and optimize automated strategies.
Access to Real Market Execution
Unlike demo accounts, Cent Accounts offer real market execution, allowing traders to experience real spreads, slippage, and trade execution speeds. This helps traders adapt to real trading conditions before transitioning to larger account types.
No Commission and Low Spreads
Exness Cent Accounts offer commission-free trading, meaning traders only need to pay spreads. The spreads start from 0.3 pips, making it a cost-effective way to trade and test strategies without additional fees.
Conclusion
The Exness Cent Account is a valuable tool for traders who want to gain real-market experience with minimal financial risk. By using a cent-based trading system, this account allows users to trade smaller volumes, making it ideal for beginners, strategy testers, and those practicing risk management. Unlike demo accounts, it provides a real trading environment, ensuring that traders can develop skills, test strategies, and build confidence before transitioning to larger account types.
With low deposit requirements, small trade sizes, and real market execution, the Cent Account offers a safe and effective way to explore forex trading. Whether you’re a new trader looking to learn or an experienced trader testing Expert Advisors (EAs), this account type provides flexibility, affordability, and practical trading experience. Opening an Exness Cent Account is easy, and it serves as a stepping stone toward professional trading.
FAQ
What is an Exness Cent Account?
An Exness Cent Account is a trading account where balances and trades are measured in cents instead of dollars. This allows traders to trade with smaller volumes, making it ideal for beginners, strategy testing, and risk management. For example, a $10 deposit appears as 1,000 cents, enabling lower-risk trading.
Who should use an Exness Cent Account?
The Cent Account is best suited for: Beginners who want to practice trading with real money but low risk. Traders testing new strategies before using them on larger accounts. Users running Expert Advisors (EAs) for algorithmic trading experiments.
What is the minimum deposit for an Exness Cent Account?
The minimum deposit varies based on the payment method, but it can be as low as $1 to $10. This makes it one of the most accessible account types for new traders.
What trading instruments are available in a Cent Account?
The Exness Cent Account allows trading on: Forex major, minor, and exotic currency pairs. Metals like gold and silver.
Is the Exness Cent Account available on MT4 and MT5?
The Cent Account is only available on MetaTrader 4 (MT4). If you prefer to trade on MetaTrader 5 (MT5), you will need to choose a different Exness account type, such as Standard or Pro.
Can I withdraw my profits from a Cent Account?
Yes! You can withdraw your profits at any time using the same payment method you used for the deposit. Withdrawals are processed instantly or within a few hours, depending on the method chosen.
