If you're interested in trading with FBS Cent Account, you've come to the right place. In this comprehensive review, we'll cover all the important details, including the advantages, disadvantages, and key features of this popular trading account.
Whether you're a beginner or an experienced trader, this unbiased review will provide you with all the information you need to make an informed decision.
What is the FBS Cent Account?
FBS Cent Account is a popular trading account offered by FBS, a well-known online forex and CFD broker.
The account is denominated in cents, making it an ideal option for traders who want to start with a small investment and minimize their risk exposure. This account also offers competitive spreads, fast execution, and access to a wide range of trading instruments.
Features Of The FBS Cent Account
| 🔎 Account | 🥇 Cent Account |
| 💰 Min Deposit | $1 USD |
| 🔁 Spreads from | 1 Pip |
| 💳 Commission | $0 USD |
| 📱 Platform | MT4, MT5 |
| 📈 Leverage | Up to 1:1000 |
| ➕ Max Open Positions | 200 |
| ➕ Max Pending Orders | 200 |
| 📊 Order Volume | 0.1 – 1000 Cent Lots |
| ⚡ Market Execution | From 0.3 Sec STP |
| 🚀 Open an Account | 👉 Click Here |
The Cent account has its balance displayed in cents, and transactions are carried out in cents. It means that if you deposit $10, you will have 1000 cents in your account.
The FBS cent account allows traders access to a wide range of trading instruments, including Forex, metals, indices, energies, Forex exotic, stocks, and crypto.
With margin requirements as low as 10 US cents, the cent account is ideal for novice traders looking to switch from a Demo account to real trading.
Experienced traders who wish to try new strategies or explore a new asset class can also use the cent account and risk a small amount of capital.
How To Open The FBS Cent Account
Opening a cent account is easy. Simply follow these steps.
- Click here to go to the FBS account registration page.
- Enter your email and full name and click on ‘Register as trader‘
- Verify your email and proceed to set up your account. Choose the trading platform you want between mt4 & mt5. Select your account currency and preferred leverage. Then click on ‘ Open Account ‘
- Save your cent account login details after they appear on the screen. These details will be shown only once so make sure you save them somewhere safe to avoid challenges when you want to log in.
- Deposit funds and download your trading platform. Log in using the credentials you saved in the step above. Upload your account verification documents and then start trading.
Pros & Cons Of The FBS Cent Account
Pros
- Flexibility to trade with cent lots.
- Leverage up to 1:1000 and zero commission.
- Low minimum deposit
- Access to a wide range of trading assets
- Quick and easy account funding
- Excellent customer support
- Mobile trading via the FBS App
Cons
- High leverage may amplify losses
- Higher spreads than other account types
- No Rand Base currency for South Africans
Is The FBS Cent Account Good For You?
Here are some additional things to consider when deciding whether or not to open an FBS Cent account:
- Your trading experience:
If you are a beginner, a cent account may be a good option for you. However, if you have more experience, you may want to consider a different type of account. - Your trading goals:
What are your goals for trading? If you are looking to make a quick profit, a cent account may not be the best option for you because of the small lot sizes. However, if you are looking to learn how to trade and improve your trading skills on a live account, a cent account can be a great way to start.
- Your budget:
The Cent account is more suited for traders looking for an affordable way to enter the forex markets. That's it has low minimum deposit.
If you have more money to invest, you may want to consider a different type of account.
Conclusion on the Cent Account
Overall, the FBS Cent Account is a good option for beginner traders who want to start trading with a small amount of money.
It offers a low-risk trading environment and a variety of trading instruments to choose from. This makes it a good option for expert traders who want to test out new trading instruments and/or strategies
However, it's important to keep in mind that the spreads are slightly wider than on other FBS accounts.
Other FBS Accounts To Consider
Fbs Pro Account ↗
Ultimate account for large orders and algo trading by expert traders.
FBS Standard Account
Provides traders with a more traditional and conventional trading experience.
- $1 minimum deposit
- Low spreads
- Commission-free trading
- Up to 1:3000 leverage
Frequently Asked Questions On The FBS Cent Account
The FBS cent account works by displaying your balance and transactions in cents. For example, if you deposit $5 you will have 500 cents as your balance. You can then trade the market using these cents.
The minimum withdrawal on the cent account is $1
The minimum deposit of the cent account is $1 making it very affordable and convinient.
1 Cent lot on the cent account equals 0,01 of a Standard lot or 1,000 units.
The FBS Standard account present a minimum volume of trade as a standard 0.01 lot while the cent account uses cent lots. The minimum volume of trade for the cent account is 0.01 cent lots which is 100 times smaller than 0.01 standard lots.
Yes, the Cent Account can be a suitable option for forex trading beginners. Its low minimum deposit requirement, micro-lot trading, and user-friendly features make it accessible and manageable for those starting out in forex trading.
It allows beginners to gain experience and confidence in a controlled and affordable manner.
The Cent Account offers a variety of trading instruments, including major and minor currency pairs, as well as CFDs on commodities, indices, and cryptocurrencies. This diverse range allows traders to explore different markets based on their preferences and market conditions.
Not all brokers provide cent accounts to their clients. Therefore, I highly appreciate this company for such an opportunity.