10 minute read
How to Open Exness Standard Cent Account: A Step-by-Step Guide
from Exness
by Exness_Blog
The forex market offers incredible opportunities for traders worldwide, but for beginners, the financial risks can feel overwhelming. That’s where the Exness Standard Cent Account comes in—a low-risk, beginner-friendly option designed to help you practice trading without breaking the bank. Whether you're new to forex or testing a new strategy, this account type allows you to trade in cents, minimizing risk while providing real-market experience. In this comprehensive guide, we’ll walk you through everything you need to know about opening an Exness Standard Cent Account, including eligibility, benefits, and a step-by-step process to get started.
✅ Open Exness Standard Cent Account
What is an Exness Standard Cent Account?
The Exness Standard Cent Account is a unique trading account tailored for novice traders or those looking to test strategies with minimal financial exposure. Unlike standard accounts where balances are denominated in dollars or euros, the Standard Cent Account uses cents as the base currency. For example, if you deposit $10, your account balance will display as 1,000 USC (cents). This allows you to trade smaller lot sizes, known as cent lots, where 1 cent lot equals 1,000 units of the base currency—100 times smaller than a standard lot.
Key Features of the Standard Cent Account
· Low Minimum Deposit: Start trading with as little as $1, making it accessible for traders with limited capital.
· Micro Lot Trading: Trade in cent lots (e.g., 0.01 cent lot = 1,000 cents), reducing risk significantly.
· No Commissions: Enjoy commission-free trading with competitive spreads starting from 0.3 pips.
· High Leverage: Access leverage up to 1:Unlimited (depending on regulations and account equity), allowing you to control larger positions with minimal capital.
· Real Market Conditions: Experience live market fluctuations, unlike demo accounts, providing practical trading experience.
· Supported Platforms: Available on MetaTrader 4 (MT4), a user-friendly platform with robust trading tools.
This account is ideal for beginners transitioning from demo accounts to real trading or experienced traders testing automated systems like Expert Advisors (EAs).
Why Choose an Exness Standard Cent Account?
The Exness Standard Cent Account stands out for its accessibility and flexibility. Here’s why it’s a top choice for traders:
1. Minimal Financial Risk
With trades measured in cents, losses are significantly smaller. For instance, a 10-pip loss on a 1-cent lot of EUR/USD costs just $0.10, compared to $10 on a standard lot. This low-risk environment allows beginners to learn without fear of substantial losses.
2. Affordable Entry Point
The $1 minimum deposit makes forex trading accessible to everyone, especially in emerging markets where higher deposits may be prohibitive. Compared to other brokers requiring $100 or more, Exness democratizes trading.
3. Practical Learning Experience
Unlike demo accounts, which use virtual funds and lack emotional stakes, the Standard Cent Account exposes you to real market conditions. You’ll learn to manage trades, analyze charts, and handle the psychological aspects of trading with minimal risk.
4. Flexible Leverage
Exness offers leverage up to 1:Unlimited, allowing you to amplify your position sizes. However, high leverage increases risk, so it’s crucial to use it cautiously, especially as a beginner.
5. Commission-Free Trading
With no trading commissions and competitive spreads, you can focus on refining your strategies without worrying about extra costs.
Eligibility Criteria for Opening an Exness Standard Cent Account
Before opening an account, ensure you meet Exness’s eligibility requirements:
· Age Requirement: You must be at least 18 years old to open a trading account.
· Valid Identification: Provide a government-issued ID (e.g., passport, driver’s license, or national ID) for identity verification.
· Proof of Address: Submit a recent utility bill, bank statement, or official document showing your name and address.
· Country Restrictions: Exness operates in many countries, but some regions may face restrictions due to regulatory requirements. Check the Exness website to confirm eligibility for your country.
· Financial Information: In some jurisdictions, you may need to provide additional financial details to comply with local regulations.
Step-by-Step Guide to Open an Exness Standard Cent Account
Opening an Exness Standard Cent Account is straightforward and can be completed in a few simple steps. Follow this guide to get started:
Step 1: Visit the Official Exness Website
Go to the official Exness website at Open An Account or Visit Brokers 🏆. Ensure you’re on the legitimate site to avoid phishing scams. The homepage provides an overview of Exness’s offerings, including account types and trading conditions.
Step 2: Click “Open Account”
On the homepage, locate the “Open Account” or “Sign Up” button, typically found at the top-right corner. Clicking this will redirect you to the registration page.
Step 3: Complete the Registration Form
Fill out the registration form with accurate personal details, including:
· Full Name: As it appears on your ID.
· Email Address: Use a valid email for account verification and communication.
· Phone Number: Provide a working number for verification.
· Country of Residence: Select your country from the dropdown menu.
Ensure all information is correct to avoid issues during verification.
Step 4: Verify Your Email
After submitting the form, Exness will send a verification email. Check your inbox (or spam folder) and click the provided link to confirm your email address.
Step 5: Log In to Your Personal Area
Once your email is verified, log in to your Exness Personal Area using your registered email and password. The Personal Area is your dashboard for managing accounts, deposits, and withdrawals.
Step 6: Select the Standard Cent Account
In the Personal Area, navigate to the “My Accounts” section and click “Open Account.” From the list of account types, select Standard Cent Account. You’ll also choose:
· Trading Platform: Select MetaTrader 4 (MT4), as the Standard Cent Account is only available on this platform.
· Account Currency: Choose USC (USD cents) or another supported cent-based currency.
· Leverage: Set your preferred leverage (e.g., 1:100, 1:500, or 1:Unlimited). Beginners should opt for lower leverage to minimize risk.
· Account Password: Create a strong password for your trading account.
Click “Create an Account” to finalize the setup. Exness will send your account details via email.
Step 7: Verify Your Identity and Address
To comply with regulatory requirements, Exness requires account verification. Upload the following documents in the Personal Area:
· Proof of Identity: A clear scan or photo of your passport, driver’s license, or national ID.
· Proof of Address: A utility bill, bank statement, or official document (issued within the last six months) showing your name and address.
Verification typically takes a few hours but may take up to 24 hours in some cases.
Step 8: Fund Your Account
Once verified, deposit funds into your Standard Cent Account. Exness supports various payment methods, including:
· Bank Transfers
· Credit/Debit Cards (Visa, Mastercard)
· E-Wallets (Skrill, Neteller, Perfect Money)
· Cryptocurrencies (Bitcoin, USDT)
The minimum deposit is $1, but check the specific requirements for your chosen payment method. To deposit:
· Go to the “Deposit” section in your Personal Area.
· Select your payment method.
· Enter the deposit amount (e.g., $10 = 1,000 USC).
· Follow the instructions to complete the transaction.
Deposits are usually instant, but some methods (e.g., bank transfers) may take longer.
Step 9: Download and Set Up MetaTrader 4
Download MetaTrader 4 from the Exness website or your device’s app store (available for Windows, macOS, iOS, and Android). Install the platform and log in using the credentials provided by Exness (account number, password, and server name).
Configure your trading environment by:
· Adding your preferred trading instruments.
· Setting up charts and indicators.
· Testing the platform with a small trade.
Step 10: Start Trading
With your account funded and MT4 set up, you’re ready to trade! Start with small positions (e.g., 0.01 cent lots) to practice risk management and familiarize yourself with the platform. Use Exness’s educational resources, such as webinars and tutorials, to enhance your trading skills.
Benefits of Trading with an Exness Standard Cent Account
The Standard Cent Account offers several advantages that make it a top choice for beginners:
1. Risk Management
Trading in cent lots allows you to manage risk effectively. Small position sizes mean smaller losses, giving you room to learn without significant financial pressure.
2. Real-Market Experience
Unlike demo accounts, the Standard Cent Account exposes you to live market conditions, including price fluctuations and order execution. This helps you develop practical trading skills.
3. Testing Strategies
Experienced traders can use the account to test new strategies or automated systems (e.g., Expert Advisors) in a live environment without risking substantial capital.
4. Accessibility
The low minimum deposit and commission-free trading make the account accessible to traders with limited budgets.
5. Scalability
As you gain confidence, you can transition to other Exness account types, such as the Standard or Pro accounts, to trade larger volumes.
Tips for Success with an Exness Standard Cent Account
To maximize your experience with the Standard Cent Account, follow these tips:
1. Start Small
Begin with the minimum deposit and small trade sizes to minimize risk while learning the platform and market dynamics.
2. Use Risk Management Tools
Set stop-loss and take-profit orders to protect your capital. Avoid over-leveraging, as high leverage can amplify losses.
3. Practice with a Demo Account First
If you’re completely new to forex, practice with an Exness demo account before transitioning to the Standard Cent Account. This helps you understand MT4 without risking real money.
4. Educate Yourself
Take advantage of Exness’s educational resources, including webinars, articles, and market analysis, to improve your trading knowledge.
5. Monitor Your Emotions
Trading with real money, even in cents, can be emotional. Stay disciplined and avoid impulsive decisions based on fear or greed.
6. Keep Records
Maintain a trading journal to track your trades, strategies, and outcomes. This helps you identify patterns and improve over time.
Common Questions About the Exness Standard Cent Account
1. What is the minimum deposit for a Standard Cent Account?
The minimum deposit is $1, but some payment methods may have slightly higher requirements.
2. Can I trade all instruments with a Standard Cent Account?
The account supports 37 trading instruments, including forex pairs, metals (e.g., XAU/USD), and select CFDs. However, it has fewer options compared to Standard or Pro accounts.
3. Is the Standard Cent Account available in all countries?
No, some regions may have restrictions due to regulatory requirements. Check the Exness website for availability in your country.
4. Can I switch to another account type later?
Yes, you can open multiple account types under the same Exness profile and switch between them in the Personal Area. Upgrading to a Standard or Pro account is straightforward.
5. Are there commissions on the Standard Cent Account?
No, the account is commission-free, with costs limited to spreads starting from 0.3 pips.
Why Exness is a Trusted Broker
Founded in 2008, Exness is a globally recognized forex and CFD broker regulated by top-tier authorities like CySEC (Cyprus) and FCA (UK). With over 1 million traders and a monthly trading volume exceeding $785 billion, Exness is known for:
· Transparency: Regular audits by Deloitte ensure financial integrity.
· Fast Withdrawals: Automated systems process withdrawals in seconds.
· Advanced Technology: Cutting-edge platforms like MT4 and MT5 ensure reliable execution.
· 24/7 Support: Multilingual customer support is available via live chat, email, or phone.
The Standard Cent Account reflects Exness’s commitment to accessibility, making forex trading inclusive for beginners worldwide.
Conclusion: Start Your Forex Journey with Exness
The Exness Standard Cent Account is a game-changer for beginners and cautious traders. With its low minimum deposit, commission-free trading, and real-market conditions, it’s the perfect way to start your forex journey without significant risk. By following the steps outlined in this guide, you can open an account, fund it, and start trading in just a few hours.
Ready to take the first step? Visit exness.com today, open your Standard Cent Account, and begin exploring the exciting world of forex trading. With Exness’s robust platform and educational resources, you’ll be well-equipped to build your skills and achieve your trading goals.
💥 Note: To enjoy the benefits of the partner code, such as trading fee rebates, you need to register with Exness through this link: Open An Account or Visit Brokers 🏆
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