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How to Open a Standard Cent Account with Exness
Opening a Standard Cent Account with Exness is a smart first step for traders looking to enter the forex market with minimal risk. This account type allows you to trade with pennies instead of dollars, making it perfect for beginners who want to practice real trading without risking significant capital. The process is straightforward, and once completed, you'll have access to all the trading features Exness offers, just on a smaller scale.
🏆 Start Trading With Exness – Register Now! 🚀 or Visit the Broker’s Website ⭐
Introduction to the Exness Standard Cent Account
The Exness Standard Cent Account is designed specifically for novice traders and those who prefer to minimize their risk exposure while still participating in live markets. I've been trading for over 12 years, and I always recommend cent accounts to my students. Why? Because they provide real market experience without the emotional stress that comes with potentially large losses.
Unlike demo accounts that use virtual money, cent accounts use real money but in much smaller amounts. This creates a psychological environment that's closer to real trading while keeping potential losses manageable. The Standard Cent Account at Exness follows the same principles but with Exness's solid trading infrastructure backing it up.
Step-by-Step Guide to Opening an Exness Standard Cent Account
Getting started with an Exness Standard Cent Account is straightforward. Here's how to do it:
Visit the Exness website - Go to official website and click on the "Open Account" button.
Create your Exness Personal Area - Fill in your personal information including name, email, and phone number.
Verify your email and phone number - Check your inbox for a verification email and enter the SMS code sent to your phone.
Complete your profile - Add additional required information such as your address and date of birth.
Verify your identity - Upload a copy of your ID document (passport, driver's license, or national ID card) and proof of address (utility bill or bank statement).
Select account type - From your Personal Area, click on "Open a Real Account" and select "Standard Cent" from the account type options.
Choose your base currency - Select the currency you want to use for your account (USD, EUR, etc.).
Set your leverage - Choose the leverage level that suits your trading style (from 1:1 up to 1:2000 depending on your region).
Agree to terms and conditions - Read and accept Exness's Client Agreement and other legal documents.
Create your account - Click "Open a Real Account" to finish the process.
I recently helped a friend open his account, and the entire process took less than 15 minutes. The verification was approved in a few hours, though it can sometimes take up to 24 hours during busy periods.
🏆 Start Trading With Exness – Register Now! 🚀 or Visit the Broker’s Website ⭐
Minimum Deposit and Payment Methods for the Standard Cent Account
One of the major advantages of the Standard Cent Account is its low entry barrier. The minimum deposit for an Exness Standard Cent Account is just $1, making it accessible to practically anyone interested in forex trading.
When it comes to funding your account, Exness offers a wide range of payment methods depending on your location. These typically include:
Bank transfers
Credit/debit cards (Visa, Mastercard)
E-wallets (Skrill, Neteller, Perfect Money)
Local payment systems (depending on your country)
Cryptocurrency deposits (Bitcoin, Ethereum, etc.)
What I particularly like about Exness is that they don't charge deposit fees on their end, though your payment provider might have their own fees. Withdrawals are also processed quickly – I usually get my money within 24 hours when using e-wallets.
The transaction limits vary by payment method. While the minimum deposit is just $1, some payment methods might have higher minimums. For example, bank transfers often have a higher minimum due to bank fees.
How to Start Trading with Your Standard Cent Account
Once your account is set up and funded, you can start trading right away. Here's what you need to do:
Download and install a trading platform - Exness supports MetaTrader 4, MetaTrader 5, and Exness Web Terminal. I personally prefer MT5 for its advanced charting capabilities.
Log in to your trading platform - Use the account credentials sent to your email.
Familiarize yourself with the platform - Spend some time exploring the interface, charts, and available tools.
Start with a trading plan - Decide which currency pairs you want to trade and at what times.
Place your first trade - Start with small position sizes (0.01 lots) to get comfortable with the process.
Monitor your trades - Keep track of your open positions and make adjustments as needed.
Analyze your results - Regularly review your trading performance and learn from both winning and losing trades.
Gradually increase your position sizes - As you gain confidence and develop a consistent strategy, you can slowly increase your risk.
Remember that with a cent account, even a 0.01 lot size is actually 100 times smaller than on a standard account. This means your actual risk is much lower, allowing you to focus on developing your trading skills rather than worrying about losses.
🏆 Start Trading With Exness – Register Now! 🚀 or Visit the Broker’s Website ⭐
Common Issues When Opening a Standard Cent Account with Exness
Opening an Exness Standard Cent Account is usually straightforward, but some issues may arise. Here are the most common ones and their solutions:
Verification Failure: This often happens when documents are unclear or don't match your details. Ensure your ID is valid, not expired, and the photo shows all four corners. For proof of address, use a recent document (within 3 months) that clearly displays your name and address.
Payment Rejection: This occurs if your bank or payment provider restricts transactions with forex brokers. Try a different payment method or contact your bank for authorization.
Technical Difficulties: If you can't complete the registration, try using a different browser or device, or wait a while and try again.
For assistance, Exness offers 24/7 support through live chat, email, and phone (in some regions). Live chat is especially helpful for quick inquiries.
Conclusion: Why Choose the Exness Standard Cent Account?
The Exness Standard Cent Account is ideal for new traders, offering minimal financial risk by allowing you to trade with cents instead of dollars. This lets you test strategies and develop your trading skills without risking much.
It’s perfect for learning position sizing, risk management, and emotional control in a low-stakes environment. Traders who start with cent accounts often develop more discipline and patience, making it easier to transition to standard accounts later.
Frequently Asked Questions (FAQ)
What is the minimum deposit for an Exness Standard Cent account?
The minimum deposit for an Exness Standard Cent account is just $1. However, to engage in meaningful trading, I'd recommend starting with at least $10-$20. This will give you enough capital to place multiple trades and test different strategies without running into margin issues too quickly.
Can I switch from a Standard Cent account to a Standard account later?
Yes, you can easily switch from a Standard Cent account to a Standard account later. Exness allows clients to open multiple account types under the same Personal Area. You don't need to close your Cent account – you can simply open a Standard account alongside it when you feel ready to trade with larger amounts. In fact, I still maintain both types of accounts – using the Cent account for testing new strategies before implementing them on my Standard account.
How do I deposit funds into my Standard Cent account?
Depositing funds into your Standard Cent account is straightforward. Log into your Exness Personal Area, click on "Deposit," select your preferred payment method, enter the amount you wish to deposit, and follow the instructions. Depending on the payment method, the funds will appear in your account either instantly (for cards and e-wallets) or within a few business days (for bank transfers). I typically use Skrill for deposits as the funds are credited instantly and I can start trading right away.
Is it possible to trade with leverage on the Standard Cent account?
Yes, the Standard Cent account offers the same leverage options as regular Standard accounts. Depending on your region and local regulations, you can access leverage ranging from 1:1 up to 1:2000. However, I strongly advise new traders to be cautious with high leverage. Just because it's available doesn't mean you should use it to its full extent. I've seen many new traders blow their accounts by using excessive leverage. Start with lower leverage (1:10 or 1:20) until you become more experienced with risk management.
