HF market offers both micro and cent accounts for traders. If you are confused about which one to choose, this article is for you.
Thanks to advances in technology, forex trading has become even easier. In the past, trading, especially forex, required large capital because the leverage was small and access was limited so that only people who had a lot of money could trade.
Now it has changed a lot since traders with small capital can trade the market. Cent and micro accounts are two popular features that enable it. However, not all forex brokers provide those types of accounts.
One broker that provides micro and cent accounts is HF Markets. Here's the comparison between the two accounts in the broker:
| Features | Micro | Cent |
| 💰Minimal deposit | 5 USD | 5 USD |
| ⚖Leverage | 1:1000 | 1:1000 |
| 🔢Spread | Variable, start from 1 pip | Variable, start from 1 pip |
| 💸Commission | No comission | No comission |
| 🪙Minimum volume | 0.01 lot | 0.1 lot |
| Trading instrument | More than 3500 instruments, ranging from forex, metals, energies, CFD stocks, indices, bonds, commodities, ETFs, cryptocurrencies, and physical stocks | Forex, gold |
| 📊Scalping | Yes | Yes |
| 🔄Hedging | Yes | Yes |
| 🤖EA | Yes | Yes |
| ☎️Margin call | 40% | 50% |
| ⛔Stop out | 10% | 20% |
To understand each feature in both accounts, let's dive into the explanation below. But before that, it would be good to first know about HF Markets' credibility as a broker.
HF Markets Company Background
HF Markets was first founded in 2010. It is registered in St. Vincent & the Grenadine as an international business company operating under the name HF Markets (SV) Ltd. The company provides Forex/CFD trading services to global clients.
HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.
Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.
HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:
- HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
- HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
- HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
- HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
- HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
- HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.
If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.
Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.
HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.
HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.
After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).
Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.
Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.
Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.
From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.
With a journey of more than 1 decade, this broker claims to serve more than 1.5 million active traders in 27 languages worldwide. Its headquarters already exist in several countries such as Cyprus, Mauritius, Poland, and the United Arab Emirates.
In terms of regulation, this broker is quite complete. HF Markets is licensed by the Capital Markets Authority of Kenya 26/01/2022, CySEC 183/12, DFSA (Dubai) F004885, FCA (UK) 801701, FSA (Seychelles) 8419176-1, FSA (St. Vincent & Grenadines) 22747, FSC (Mauritius) 094286, and FSCA (South Africa) 46632
HF Markets is highly trusted because it is safe and transparent. Client funds are kept segregated in major global banks ensuring safety and liquidity.
HF Markets Micro Account
The HF Markets micro account offer is very attractive with a minimum deposit of 5 USD and a maximum leverage of 1:1000. Spreads start from 1 pip with variable types and the smallest trading volume is 0.01 lots.
Micro accounts offer great trading conditions such as scalping and hedging strategies, Expert Advisors, trailing stops, pending orders, one-click trading, mobile trading, automated trading, and no commissions (for forex). In addition, there are many trading instruments (more than 3500) ranging from forex, metals, energies, CFD stocks, indices, bonds, commodities, ETFs, cryptocurrencies, and physical stocks. However, HF Markets does charge swaps for overnight positions in this account.
The micro account margin call level is 40% and the stop-out level is 10%. This account is also allowed to open positions simultaneously as many as 150 positions.
Tips on Trading with Micro Account
Micro account destination is basically a real account training ground for novice traders with small capital. Novice traders can train their perception of risk management with this account. Apart from that, micro accounts are also commonly used by experienced traders who want to test new strategies or robots/EAs.
With an initial capital and a small minimum lot, traders cannot make big profits with this account. Like its original purpose, this account is a training ground. For traders who are experienced and have a profitable trading system, they will usually upgrade their account to the standard one.
HF Markets Cent Account
Most of the conditions in cent accounts are almost the same as in micro accounts. The HF Markets cent account has a minimum deposit of 5 USD, a maximum leverage of 1:1000, and variable spreads from 1 pip.
Apart from that, cent accounts offer good trading conditions such as scalping and hedging capabilities, Expert Advisors, trailing stops, pending orders, one-click trading, mobile trading, as well as automated trading.
The drawbacks are the minimum trade size of 0.1 lot and the only trading instruments are forex and gold. The margin call level is 50% with a stop-out level of 20%.
Tips on Trading with Cent Account
Just like a micro account, the basic purpose of a cent account is as a training ground for novice traders.
If you don't have a profitable trading strategy yet and are still testing it, you certainly don't want to lose up to 200 USD on testing. With a cent account, losses while in testing can be kept under 10 USD.
In addition, this type of account is very useful for expert advisors (EA) or robot developers. EA developers can test tens to hundreds of EAs without spending much money.
However, many traders consider the profit of a few cents to be too small. Some other traders consider cent accounts to be almost the same as demo accounts because there is no psychological pressure from too small profit/loss values.
What is the Best for Traders?
The best for traders is the one that matches the amount of capital and experience. For beginners who have just stepped from a demo account to a real account, the cent account is the right choice. This is because losses on cent accounts can be reduced below 10 USD. They can practice sound money management with little deposit.
Meanwhile, if the trading capital is more than 10 USD, you can use a micro account. This way you can grow your account through your experience. The more experienced you are, the more likely you want to increase your profit target.
HF Markets is a global Forex and Commodities broker that facilitates both retail and institutional clients. Previously known as HotForex in the brokerage industry, HFM has positioned itself as the forex broker of choice for traders worldwide through their various account types and trading tools. Furthermore, HF Markets allow scalpers and traders use Expert Advisors unrestricted.
34 Comments
Jan 5 2023
What makes micro and cent account different from standard accounts? I mean it's more than just a minimum deposit, right? surely there is something that makes the profit/loss in cents/micro trades less and can someone explain this to me sometimes when I switch to a micro account I always become less profitable although I think the standard also has the same trading condition and since I lack knowledge about the difference and some factors that make a hundred/mic become less profitable when it is a live account, right?
Jan 5 2023
Jonah Hills: The difference between Standard, Micro and Cent accounts is the contract size. For example, if Standard contract size is 1 lot = 100,000, Micro only has 1 lot = 1,000. I think you should understand that there are 3 main accounts in Forex and generally they are:
And there has one more and that is a cent account that brokers sometimes don't offer. For example, about profit and loss when trading with 1 lot = 100,000 in a standard account. 1 pip can mean $10, but you get $1 per pip for mini-accounts and $0.1 per pip for micro-accounts. During that time, you will receive $0.01 in your cent account. Remember! This is 1 lot, but how about 0.1 lot with a standard account? Simply divide the previous value by tenths. So it's all about contract size, dude
Jan 5 2023
Carrie Gallagher: Very interesting. This micro and cent roughly correspond to the contract size. Okay, now I understand but I have one more question. Why do brokers sometimes not offer cent accounts anyway? I mean, is there no problem with the cent account? By the way, HFM only has a cent account, right?
Jan 5 2023
Jonah Hills: I believe this is because cent and micro accounts actually offer almost identical trading conditions. Because trading 0.01 lot on micro account is almost minimal risk and profit for me. If 1 lot = $0.01, then we know we are trading 0.01 lots. You only get $0.0001 profit per pip. It's very small and benefits cents too. That's why some brokers don't offer anything at all. That's right, HFM has a cent account in its trading function.
Jan 5 2023
Does anyone have experience with a cent account yet? I think I need some real review about micro and cent account anyway because I need to choose now between these two and all are very cheap to trade with. And also for you guys which is perfect for you between these two accunt type?
Jan 5 2023
Messi: I would prefer to open a micro account instead of a cent account. Because the cent account gives little profit and very low risk. As the article says, while trading on the cent account, I noticed that it is almost identical to the demo account. It is better to choose a demo account instead of a cent account. In some cases, you may only get 0.1 cent profit on a trade. I mean, what can you do for that value? And also cent account doesn't really train our trading physiology because there is no pressure. But unlike cent, in micro account you can get max wins that are neither not too big nor not too risky. So if you are new and have no funds, don't waste your time on the cent account. Start with a demo account instead
Jan 24 2023
To me, the Cent account looks a bit unused. I know some traders who may need a Cent account because they feel like they have traded with live forex and know the experience and feeling of real loss and profit. They need challenging account than use demo account.
For me these statements ARE wrong! think again, do you feel lost when you lose only 1 cent? To be honest, I don't think I feel any loss because it's such a small value. that's just in case you lose 1 cent, what about less than 1 cent? On the other hand, you will also feel that you will get nothing because you only benefit from 1 cent.
I mean there is no dispute about the Cent account. I don't want to deposit money there and use demo account instead of Cent account. After my trading system is done on demo account, I would prefer to switch to micro account to do test than to do on cent account, because all risk and return is higher on micro account.
Feb 11 2023
Alfonso: I completely disagree, with cent account all trading conditions that happened in trading can be truly experienced with you. I mean, I'm fine if the demo account is used to prevent new traders from depositing real money. But did you know, the contagion in that didn't happen. Basically, you trade with no spreads and your virtual currency can start with a high amount, giving you more freedom to trade.
Because of this, many traders will find it very strange when trading with a real account and even a micro account for the first time. However, if you are trading on a Cent account, all the pressure that occurs in live trading will be felt, which helps us to prepare more for micro and standard accounts.
Feb 11 2023
I have been planning to trade with a cent account and want to save my profits until I am ready to open a micro account or a standard account. But I have doubts about my money, I mean if I have saved a lot of profit, can I switch to another account from the money in my cent account? For example, I can transfer $50 to my HF zero account, so I just need to add another $150, saving me the money I want to deposit.
I mean if I can't do that, I'll think twice about trading with a cent account.
Feb 11 2023
Michael: Good Idea! yes, you can transfer money using the account you have to another account. I don't know the mechanics of HF Market, but as far as I know, to open a new account you must first deposit the minimum amount. So you need to deposit $200 to activate Zero account and then you can transfer your money from Cent account to Zero account.
So it is very possible to transfer your money, but not possible if you want to deposit with an account below par to open an account. You need $200 to open a zero account, so you need to withdraw $50 for your cent account into your bank after that, deposit $200
Feb 11 2023
on the EA trading itself. I mean, if you want to test how it works, why just try it on a demo account? I mean, you don't need to spend money to test or the demo account doesn't have EA functionality, so the only way to test the EA is with a penny account?
What about other brokers that don't have cent accounts, the trader who also uses the same method to test EAs with a micro account can cost more than a cent account?
Feb 11 2023
Ellanga:
In fact, EA Trade can be tested in a demo account. However, since the cent account is also a live account, it has trading conditions such as spreads and leverage. So because of this you can test EA trading and get more accurate results than with a demo account.
Please note that there are no spreads and commissions on the demo account. And without the spread, the EA cannot determine the best move in the latter trade. So, if brokers have offer cent account, most EA traders will use this cent account to test their EA and of course the money that they spend will be not in dollar but in cent.
Mar 26 2023
What are the key differences between HF Markets' Micro and Cent accounts, and which one is better suited for beginner traders who are looking to minimize risk and learn the ropes of trading? Additionally, how do these account types compare to other account types offered by HF Markets, such as Standard and Zero Spread accounts, and what are some of the pros and cons of each option?
Jul 1 2023
@Hossain Mahamud: Let me break down to you dude! . The Micro account is in regular currency units like USD, while the Cent account is in cents. Basically, the Cent account allows you to trade with smaller position sizes, which can be great if you want to start small and minimize risk while you're learning the ropes of trading.
Now, both accounts offer similar trading conditions, like access to various financial instruments, competitive spreads, and the option to use leverage. But the Cent account, with its lower minimum deposit and ability to trade with smaller amounts, can be a good fit for beginners who don't want to risk too much capital right away.
But wait, there's more! HF Markets also has other account types, like the Standard and Zero Spread accounts. The Standard account gives you more flexibility in terms of position sizes and usually has lower spreads. On the other hand, the Zero Spread account offers, you guessed it, zero spreads, but charges a commission on trades. This one is more for the advanced traders who need tighter spreads for specific strategies.
Mar 26 2023
For beginner traders who are just starting out in the world of forex trading, what are some of the most important factors to consider when choosing between a Micro and Cent account? How can traders determine the best account type for their needs based on their trading goals, risk tolerance, and other factors? Additionally, what are some of the key features and tools offered by HF Markets that can help beginner traders to develop their skills and become more successful over time?
Jun 28 2023
@Ratul Hok: When it comes to choosing between a Micro and Cent account as a beginner trader, there are a few important things to consider. First off, think about how much money you have to start with. A Micro account usually requires a higher minimum deposit compared to a Cent account. So, if you don't have a lot of money to invest, a Cent account might be a better option because you can trade with smaller amounts.
Another thing to think about is your risk tolerance. If you prefer to play it safe and take smaller risks, a Cent account is great because you can trade with really small positions. But if you're willing to take on more risk for the chance of bigger profits, a Micro account allows you to trade larger positions. If you're looking to make significant profits, a Micro account might offer more opportunities because you can trade bigger sizes.
As for HF Markets, they have some great features and tools to help beginners. They offer educational resources like webinars and tutorials to teach you the basics of forex trading. You can also use their demo account to practice trading strategies without using real money.
To decide which account type is best for you, think about your available funds, how much risk you're comfortable with, and what you hope to achieve with your trading. It's a good idea to start with smaller positions and gradually increase your trading as you gain experience and confidence. Remember, HF Markets is there to support you along the way with their educational resources and user-friendly platforms.
May 9 2023
Hey there! I'm trying to decide between trading on HF Micro or its cent account, and I was wondering which one is riskier for traders. I've heard different things from different people, and I'm not sure which one to go for.
On the one hand, I know that HF Micro is a bit more advanced and has tighter spreads, which could be good for making quick profits. But on the other hand, I've heard that the cent account might be less risky because you can trade smaller positions and limit your losses that way.
I'm not really sure which way to go, so I thought I'd ask for some advice. Which one do you think is riskier for traders, HF Micro or its cent account? Do you have any experience with either one that you could share?
Thanks in advance for your help!
Jun 28 2023
@Vinicius: Hey! I totally get your dilemma. Choosing between HF Micro and the cent account can be a tough decision. Let's break it down and talk about the risks involved.
With HF Micro, the tighter spreads can indeed be beneficial for grabbing quick profits. However, keep in mind that tighter spreads also mean lower margin for error, so the risk of losses can be higher if the market moves against you. It requires careful risk management and trading discipline.
On the other hand, the cent account could be seen as less risky because you can trade smaller positions. This allows you to have more control over your risk exposure and potentially limit losses. It can be a good option for beginners or those who want to practice trading with lower stakes.
Ultimately, the level of risk depends on your trading strategy, experience, and risk tolerance. It's important to consider factors like your financial goals, trading style, and how comfortable you are with managing risks.
My suggestion would be to carefully assess your own trading goals, risk appetite, and experience level. It might also be helpful to reach out to HF Markets directly or seek advice from experienced traders to get their perspective on which account type aligns best with your needs.
Jun 14 2023
How does HF Markets ensure a safe and transparent trading environment for its clients? Can you provide insights into the measures and practices implemented by HF Markets to establish trust and safety? Specifically, how does the broker prioritize the security of client funds and maintain transparency in its operations? It would be great to understand how HF Markets keeps client funds segregated in major global banks to ensure both safety and liquidity. By learning about these aspects, we can gain a better understanding of the safety measures and transparency initiatives that contribute to the reputation and trustworthiness of HF Markets as a broker.
Oct 18 2023
@Yohan:Hey, no need to sweat it when it comes to safety with HF Markets – they've got your back. HF Markets, also known as HotForex, has gone the extra mile to ensure that you can trade with confidence. They're no cowboy operation; in fact, they're regulated by some of the top financial authorities in the game, so you know they're playing by the rules and adhering to strict standards. One of the standout features is how they handle your money. Your hard-earned cash is kept separate from their operational funds, securely held in major global banks. This means your funds are both easily accessible and protected, even in the unlikely event of any financial issues on their end.
But there's more to the story – HF Markets is all about transparency. All the nitty-gritty details of trading conditions, fees, and policies are right there on their website, no hidden surprises or fine print. You'll know what you're getting into from the get-go. And they don't stop at that. They offer a bunch of risk management tools, like stop-loss orders, to help you navigate the markets wisely.
Speaking of wise moves, they've got your downside covered too. With negative balance protection, you can't lose more than what you've put into your trading account. That's a safety net that every trader can appreciate.
Jul 5 2023
What are the advantages of testing an Expert Advisor (EA) in a Cent account compared to a demo account? I've come across the suggestion that using a Cent account can be beneficial, especially for novice traders or those testing new trading strategies. The primary advantage highlighted is the ability to limit potential losses during the testing phase, as losses in a Cent account are typically capped at around $10, providing a more cost-effective approach compared to potentially losing up to $200 in a demo account. Additionally, it is mentioned that Cent accounts can be particularly useful for EA developers, allowing them to test multiple EAs without incurring significant expenses. I'm curious to know more about the specific advantages and reasons behind using a Cent account for EA testing, and how it can contribute to a more efficient and affordable testing process.
Jul 8 2023
@Soliano: Testing an Expert Advisor (EA) in a Cent account has several advantages over using a demo account. The main benefit is that losses in a Cent account are limited to a small amount, like around $10, making it more cost-effective compared to potentially losing up to $200 in a demo account. This is particularly useful for novice traders or those testing new strategies as it reduces the potential financial risk during the testing phase. Additionally, trading with real money, even in smaller amounts, provides a more realistic experience and helps you understand the psychological aspects of trading. It allows you to gauge the EA's performance in a practical manner and develop discipline and emotional resilience. Furthermore, using a Cent account is cost-effective for EA developers who can test multiple EAs without significant expenses, helping them refine their strategies. Overall, Cent accounts offer a more efficient and affordable testing process while providing a connection to real trading conditions, making it a valuable option for EA testing. (also read : Cent Vs Micro Account, Which One Is Better? )
Jul 13 2023
Hey there! Just being confused here in the terms of margin call. So, can you give an example of how the margin can decrease to 50% based on the conditions of the HF Markets cent account, which includes a minimum deposit of 5 USD, maximum leverage of 1:1000, variable spreads from 1 pip, scalping and hedging capabilities, Expert Advisors, trailing stops, pending orders, one-click trading, mobile trading, and automated trading, with the only trading instruments being forex and gold, and a margin call level set at 50% and a stop-out level at 20%?
Jul 16 2023
@Torino: Certainly! Let's break it down using the example of HF Markets cent account, considering the given conditions. In this scenario, let's assume you have deposited the minimum requirement of 5 USD into your account and are trading forex.
With a maximum leverage of 1:1000, you have the ability to control a larger position in the market compared to the amount of money you have in your account. For instance, if you have 5 USD in your account, the maximum position size you can trade is calculated by multiplying it with the leverage, which in this case is 5 USD 1000 = 5000 USD.
Now, let's say you open a trade with a position size of 5000 USD and the margin requirement for this trade is 1%. The margin is the amount of money set aside as collateral to cover potential losses. In this case, 1% of 5000 USD is 50 USD.
If the margin level, which is calculated by dividing your account equity by the used margin, falls to 50%, a margin call will be triggered. The account equity is the total value of your account including profits and losses.
To illustrate, let's say your account equity drops to 100 USD. This means your margin level would be calculated as 100 USD / 50 USD 100% = 200%. In this case, your margin level is above the margin call level of 50%, and your account is not in danger.
However, if your account equity further decreases to 50 USD, your margin level would be calculated as 50 USD / 50 USD 100% = 100%. Now, your margin level has reached the margin call level of 50%. At this point, you would receive a margin call, which is a warning that your account is close to being unable to sustain your open positions.
If your account equity continues to decrease and reaches the stop-out level of 20%, your open positions would be automatically liquidated or closed out by the broker to prevent further losses.
Oct 17 2023
Hey just little bit confuses here! So, In the context of HF Markets' micro account, pips play a significant role in Forex trading. This micro account offers an enticing opportunity with a minimum deposit requirement of just 5 USD and an exceptionally high maximum leverage of 1:1000. Furthermore, it's mentioned that spreads start from 1 pip with variable types, and the smallest trading volume is 0.01 lots.
Given this information, let's delve into the concept of a 'pip.' In Forex trading, a pip represents the smallest price movement in the exchange rate of a currency pair. The term 'pip' is an abbreviation for 'percentage in point' or 'price interest point.' Therefore, the question arises: What does this value of 1 pip signify in terms of price movement or percentage change in the context of trading?
To provide a more detailed understanding, please explain the significance of a single pip when trading in HF Markets' micro account. How does it impact potential profits or losses, and how is it related to the spread and price movements in currency pairs? In essence, what role does a pip play in measuring and evaluating the dynamics of currency exchange rates? Thank you!
Nov 15 2023
According to the article, HF Markets is licensed by various regulatory authorities, including the Capital Markets Authority of Kenya (26/01/2022), CySEC (183/12), DFSA (Dubai) F004885, FCA (UK) 801701, FSA (Seychelles) 8419176-1, FSA (St. Vincent & Grenadines) 22747, FSC (Mauritius) 094286, and FSCA (South Africa) 46632.
Can you rank them from the most stringent to the weakest in terms of regulations? Also, my second question is about the regulators I can choose. Can I select one from the mentioned ones? I'm a bit confused because HF Markets has so many regulators. Thanks!
Nov 18 2023
Based on my knowledge, we can rank them from most stringent to least stringent:
NB : It is based on my know, to make sure it is correct or not you can get the information by seeing review of those regulators. For example, you can see the article about FCA UK in here : UK FCA vs ASIC, Which Forex Regulator is More Reliable?
Now, for the second question about choosing regulators – usually, you can't pick and choose which regulator your broker follows. It's more about where the broker is based and operates. To clear up any confusion, maybe check out HF Markets' terms or just hit them up directly. Hope that helps!
Nov 29 2023
Hey, I'm still wrapping my head around the cent account thing and how it operates. They're saying the best account is the one that suits your capital and experience. For newbies moving from a demo to a real deal, the cent account is the go-to. Apparently, losses on these can be kept under 10 bucks.
Can you break down how this cent account works for me? And let's say I'm trading 1 lot in the Cent account, what's the potential loss if I go down by 10 pips in EUR/USD? Thanks a bunch!
Nov 30 2023
The cent account is like the newbie's best friend. Especially if you're making the leap from a demo to a real account. The cool part is that losses on cent accounts can be capped at less than 10 bucks, which is pretty sweet.
Now, let's get into the nitty-gritty. If you're rocking 1 lot in a Cent account and you happen to lose 10 pips in the EUR/USD trade, your potential loss would be equivalent to 10 cents. That's because in a Cent account, each pip movement is valued at a cent. Remember, all loss that you can get with USD become cent and it is also same if you profit from it! That's why I said before, the cent account is really newbie's best friend! (As the refference, read this article : How Does a Cent Account Work?)
So, it's like a low-risk playground for new traders where you can get the hang of things without going broke. Hope that clears things up!
Dec 13 2023
Hello, I've got a growing curiosity about a point that caught my attention—that technological advancements have made forex trading more accessible. I'm aware that in the past, particularly before 2008, engaging in trading, especially in the forex market, required a substantial capital outlay due to limited access and modest leverage. My personal experience with forex dates back to my teenage years around 2008, and during that time, the trading system seemed quite similar to what we have today, with a relatively small minimum deposit requirement. However, I'm eager to delve deeper into the historical context of forex trading. I'm interested in understanding how the processes unfolded back then, what mechanisms were in place, and most importantly, what significant differences existed compared to the current landscape. Could you share insights into the evolution and changes in forex trading from its earlier days to the present? I'm keen to gain a comprehensive understanding of this transformation.
Dec 19 2023
The article suggests that the ideal trading account is one that aligns with both the trader's capital and experience level. For beginners transitioning from a demo account to a real one, the cent account is recommended. This is because losses on cent accounts can be kept below $10.
Now, I'm curious to know if it's feasible to engage in continuous trading on a cent account and whether it's possible to generate profits in that setting.
Dec 23 2023
Hey there! in my opinion, trading continuously on a cent account is indeed possible, and it can be a suitable option for beginners looking to gain real trading experience without exposing themselves to significant financial risks. The cent account, with its reduced losses capped below $10, provides a controlled environment for learning and refining trading strategies. While the potential for profit exists, it's essential to approach trading with a disciplined strategy, risk management, and a thorough understanding of the market dynamics. Continuous learning, staying informed, and practicing sound trading habits are key factors in making the most out of trading on a cent account. However, if you want decent profit, I think cent account cannot give that because the profits also in cent. For example, if you profit 10 pips in standard account which is $10, in cent account it might be only $0.1.
Learn more about cent account : How Does a Cent Account Work?