Opening a cent account should be a good choice for novice traders who want to learn more about forex trading and experience the real market without having to risk big capital.

When it comes to forex trading, the strategy is one of the essential parts to be successful. Even if you just started trading, you can gain profit with a good strategy in hand, which can be obtained either by experience or improving your analytical skills. To be able to do that, you need room for practice and expand your knowledge.

See also: List of Forex Brokers with Demo Account

Unfortunately, to fully enter the financial market, traders are required to have a sufficient amount of capital which realistically, not everyone can afford it. Many of those who wanted to get their hands to trade couldn't afford it and ended up choosing something else to invest their money in. Market leaders and brokers then noticed this problem and came up with a solution called the cent account.

 

 

What is a Cent Account?

To put it simply, a cent account allows you to trade with a much lesser transaction size than any other regular accounts. The main feature is on the base currency. Instead of your usual dollar, cent account uses cent dollar. So if you open a cent account and deposit a dollar, it will be accounted for 100 cent dollars.

What is cent account

Bear in mind that cent accounts are most commonly used for USD and other major currencies like the Euro and Pound. Since its first release, cent accounts have been discussed a lot among new traders and gained popularity, prompting many brokers to offer cent accounts in their services. This article will talk about the benefits of a cent account and the list of top brokers offering it.

 

What Can You Get in a Cent Account?

The main benefit of a cent account is the opportunity to learn trading "for real" without risking a large sum of money. This type of account is a good choice for you to get used to trading and try different strategies. While using a cent account, you can search for a strategy that works for you while at the same time exploring new chances and probabilities in the market.

If you're looking for high profits, then the cent account is probably not the best answer because it offers a low-risk environment. The account will help you sharpen your trading skills before you open a regular account and invest in bigger amounts. Not only that, a cent account can also be used to check the service quality of a broker and see if it suits your needs.

One can argue that before you start trading for real on the currency market, it is necessary to open and try out a forex demo account to train and gain more experience. However, in reality, it is hard to switch from a demo account to a standard regular account. Psychologically, it is quite stressful to just switch like that because usually traders would think that the demo account is only for practice and not real. When they switch to a regular account, they could get anxious by thinking that "this is the real deal that involves my money", which then could lead them to unsuccessful trades.

In contrast, by using a cent account, traders get to experience real trade from the very beginning. Thus you’ll be getting used to trading without having to risk a considerable amount of money. The key to using a cent account is to manage it as if it's a regular account. With its smaller size, cent account can help you make more precise lot calculations.

Benefits of a cent account

Even if it's not much, profit is still profit, and you can implement the strategy that works in the cent account once you enter a regular account with more significant sums of money. The point is, cent account is useful if you want to trade for skills instead of money. That is why it is most beneficial for novice traders who want to master trading by experience.

 

Top Brokers Offering Cent Accounts

Not all brokers offer a cent account in their services. Nearly all brokers that offer the account use Metatrader 4 or Metatrader 5 as their trading platforms. These brokers generally allow the cent account in USD or EUR cents to avoid limiting the volume of orders on the MetaTrader platforms, which do not allow trade sizes less than 0.01 standard lot.

Changing the account currency from standard USD or EUR to the cent types can also let the broker effectively reduce the minimum volume from 100 to 10 units. In other words, cent accounts offer the opportunity to trade with nano lots and smaller position sizes via the MetaTrader software.

You can check some of the best brokers with cent accounts below:

 

1. Exness

Spread
Variable and Fixed
Regulation
Capital Markets Authority of Kenya, 30/05/2022
Min Deposit
$1
Established
2008

Trading contests
Free education
PAMM accounts
LAMM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
Credit/debit cards
Neteller
Perfect Money
Skrill
Tether (USDT)
WebMoney
Wire transfer

The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.

Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.

Not only that, but traders can also enjoy other advantages such as an automatic fund withdrawal system. If a trader withdraws funds through the e-Payment facility provided by Exness, the processing time is instant and goes straight into the account. This means that when traders make a withdrawal, everything happens automatically without human intervention.

The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.

Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.

Traders do not need to worry about transaction fees when depositing and withdrawing. When trading on Exness, transaction fees are not charged to traders. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.

All information displayed on the Exness website is tested and proven. Their business is audited quarterly by Deloitte, which is an audit company for financial services.

Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.

The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.

Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.

One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.

Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.

Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.

When trading with Exness, profit opportunities generated by traders also increase with VPS hosting services. This feature helps to maintain trading activities to progress smoothly and without interruption in the event of unexpected troubles such as lost internet connection or electricity problems that shut down traders' PCs unanticipatedly.

From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.

Exness offers trading via Metatrader 4 and 5 and allows you to trade across devices. The cent account in this broker starts with a minimum deposit as low as $1. One of the main reasons for the popularity of this broker is instant payment. It does not take more than a minute to withdraw funds from the trading account.

See also: Deposit and Withdrawal in Forex Brokers: 4 Things to Consider

Moreover, Exness gives no additional charges or commission fees in their cent account. However, you can be charged spread in the same amount as the other trading account types. The leverage in their cent account is also the same compared to the other accounts. It can be concluded that the main difference between their cent account and other account is only that the profit and loss will be directly calculated in cents instead of dollars.

 

2. AGEA

Website
www.agea.com
Spread
Fixed and Variable
Regulation
-
Min Deposit
$1
Established
2005

Bonus offers
Trading contests
Free education
Affiliate program
Islamic accounts available
Payment
Credit/debit cards
FasaPay
Neteller
PayPal
Perfect Money
QIWI
Skrill
TrustPay
WebMoney
Wire transfer

There is no more reason for traders to consider deposit conditions as an obstacle when opening a trading account, at least in AGEA. This broker provides a No Deposit program for new traders, so they no longer need to prepare any money as a deposit. The amount of free funds is $5 and is specifically given to Streamster clients. Besides, AGEA also provides $10,000 as virtual money. The purpose of these funds is to practice trading.

Another advantage traders can receive from AGEA is low spreads. The lower the spreads set by the broker, the higher the chance for traders to earn more profits. AGEA also provides a trading facility in the form of swap-free. All trading accounts registered with AGEA are free from swap fees. This facility is certainly very suitable for beginners and professional traders.

Facilities offered by AGEA to help clients make the company one of the most trusted brokers among traders from all over the world. This broker is registered with the company name of AGEA International AD. Since founded in 2005, AGEA has its headquarters in Montenegro, Southeast Europe.

The head office's position in Montenegro helps AGEA to be regulated by the Market in Financial Instruments Directive (MiFID). To ensure its service quality, AGEA is working continuously with legal and compliance experts so that they are fully compliant with relevant local and international laws and regulations.

Traders' convenience also increases with the security of funds AGEA. Clients' funds held by AGEA are maintained in separate bank accounts at local and international banks, in line with relevant laws and regulations.

AGEA provides its services through several trading platforms. One example is AGEA's proprietary platform, Streamster. In this platform, traders will get a comfortable and simple trading experience. Streamster is also a powerful platform that has its API for algorithmic trading. The interface of Streamster is considered as user-friendly and easy to use. On a Streamster account, traders can trade with a leverage of 1:100.

Besides the Streamster platform, AGEA also provides MetaTrader 4. It is a programmable trading platform intended for use by traders who understands how to code. It provides the necessary tools and resources to analyze the price dynamics of financial instruments and is integrated into Expert Advisors. Besides currency pairs, traders can trade with other instruments, such as CFDs, Gold, and Silver.

The process of opening an account at AGEA is easy and fast. Traders only need to fill out a registration form online. It takes 5 minutes to fill out the form, then provides due diligence documents before trading.

Processing speed can be found when depositing and withdrawing. AGEA is known as the broker that has the most smooth system in the payment process. They provide various methods of deposit and withdrawal, including Credit Cards, Skrill, Neteller, FasaPay, WebMoney, Wire Transfers, and many more.

When joining AGEA, traders can also find unique partnership programs while receiving additional benefits. The program is called the Affiliate Program. AGEA's partners can refer clients to AGEA via the website or by sending them coupons in an e-mail. For each live position client closes on the Streamster trading platform, partners will receive a commission in value of 15 points.

For instance, if partners have clients who sometimes close about 15-20 positions per day, they can earn hundreds or even thousands for each month by simply referring clients to AGEA. Besides, there is no charge for participation in the program.

There is also the Assistant program. It provides an opportunity for current members of their affiliate program to work more closely with AGEA. To apply for the AGEA assistant program, partners need to have a regular client account. If traders still feel confused, traders can contact AGEA team support by e-mail and Live Chat.

Based on the review above, it can be concluded that AGEA provides so many special programs for their clients. Both beginners and professional traders have a big chance to optimize their earnings. For novice traders, they can benefit immensely from AGEA's no deposit bonus.

Previously named Marketiva, AGEA provides a cent account with a minimum deposit of $6 and a %5,000 maximum balance; very suitable for beginners who wish to experience real trading with very low risk. In contrast, the standard account in this broker has a $100 minimum deposit with no upper balance limit. Both accounts come with leverage up to 1:100 and a minimum lot size of 0.01. The main advantage of using this broker is its variety of trading platforms that include Streamster and MetaTrader 4. No additional commissions charged.

 

3. FBS

Website
fbs.com
Spread
Fixed and Variable
Regulation
ASIC, 426359
Min Deposit
$1
Established
2009

Bonus offers
Trading contests
Free education
Affiliate program
Islamic accounts available
Payment
Credit/debit cards
FasaPay
Local bank transfer
Neteller
Perfect Money
Skrill
UnionPay
Wire transfer

Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.

FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.

Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.

In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.

Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.

Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.

FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.

MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.

To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.

Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.

Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.

Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.

In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

FBS has been in existence since 2009 and is regulated by the CySEC and the IFSC Belize. FBS provides a cent account service with the minimum deposit of $1 and floating spreads starting from 1 pip. Besides, FBS doesn't charge any additional fees.

The leverage for the FBS cent account can reach up to 1:1000, and you can open up to 200 orders at once. At the same time, the order volume itself ranges from 0.01 to 1000 cent lots. This means new traders who use expert advisors can try using this account because it operates in a highly competitive condition.

 

4. RoboForex

Spread
Variable and Fixed
Regulation
IFSC (Belize), 000138/333
Min Deposit
$10
Established
2009

Interest rate on funds
Bonus offers
Trading contests
MAM accounts
Affiliate program
Islamic accounts available
Payment
AdvCash
AstroPay
Boleto Bancário
Credit/debit cards
Local bank transfer
Neteller
Perfect Money
Skrill
UnionPay
Western Union

Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.

As for the service for European-based traders, RoboForex specifically operates a different brand called RoboMarkets that is still a member of the head company (Robo Holding Company) and has an office in Cyprus. The operation is licensed under Cyprus Securities and Exchange Commission (CySEC).

Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, cTrader, Social Platform, and its proprietary platform.

Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, ETFs, and Cryptocurrencies. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, tight spreads, and payment method via Bitcoin and Ethereum.

RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments.

After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:

Pro-Standard

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:2000

ECN-Pro

  • Minimum Deposit: $10
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:300

Prime

  • Minimum Deposit: $5,000
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:100

Pro-Cent

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.1
  • Leverage: up to 1:2000

R Trader

  • Minimum Deposit: $100
  • Spread: from $0.01
  • Minimum order volume: 1 stock
  • Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)

The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.

The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.

RoboForex was founded in 2009 and has gained popularity ever since. It reaches clients across 169 countries and supports 19 languages. The company behind the RoboForex brand offers a cent account called Pro-Cent account that is intended for new traders. The minimum deposit is one-tenth of the traditional minimum or equal to $10, while the maximum leverage is set at 1:2000, not too different from the leverage in other account types. The EUR/USD spread is averaging at 1.2 pips, and no extra commissions are charged in the RoboForex cent account.

 

5. FXTM

Spread
Variable and Fixed
Regulation
Capital Markets Authority of Kenya, 135
Min Deposit
$10
Established
2011

Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
Credit/debit cards
DIXIPAY
FasaPay
Google Pay
Neteller
Perfect Money
QIWI
Skrill
UnionPay
WebMoney
Wire transfer
YooMoney

FXCM (Forex Capital Markets) is a brand name of a retail broker for trading on the financial market, especially the foreign exchange market. The broker was founded in 1999 and was originally headquartered in the United States. After a series of lawsuits from customers and case settlements by the US regulator (CFTC), FXCM moved from the US and became a UK-based broker, authorized and regulated by the Financial Conduct Authority (registration number 217689).

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

FXTM is one of the top brokers under strict regulations of the FCA that offers various trading platforms, including Metatrader 4 and Metatrader 5. The FXTM cent account is presented with instant execution and does not allow scalping. The cent account has a low minimum deposit of $10 and no maximum limit.

The smallest trade size is 0.01 lot, but because the account is calculated in cents, this one micro lot is actually worth 0.0001 standard lots. The maximum trade size per trade is 100 cent lots, and the maximum number of orders set at 300, with a total maximum order size of 10 lots.

There are no additional commissions charged on the FXTM cent account. However, the minimum spread in cent account is the highest among other accounts offered by FXTM, which is 1.5 pips for EUR/USD under normal market conditions.

 

Conclusion

Cent accounts were made to accommodate new traders' needs to practice in a live account. For expert traders, cent accounts can also be beneficial to check the quality of a broker and when they want to try out new trading strategies. However, brokers with cent accounts offer different sets of conditions and specifications in their accounts.

To add to your consideration, here is the direct comparison between three of the five brokers above:

Feature Go to Exness Go to RoboForex Go to FXTM

Rating

General Rating 4.16/5
3.65/5
3.41/5
Trustpilot 3.8/5

rated by 579 users
3.0/5

rated by 202 users
3.1/5

rated by 695 users

General Information

Office(s) Cyprus, Seychelles and United Kingdom Belize Belize, Cyprus, Mauritius, South Africa and United Kingdom
Regulation Capital Markets Authority of Kenya, 30/05/2022
CySEC 178/12
FCA (UK), 730729
FSA (Seychelles), SD025
FSC (BVI), SIBA/L/20/1133
FSC (Mauritius), 176967
FSCA (South Africa), 51024
The Financial Commission, 22.07.2021
IFSC (Belize) 000138/333
The Financial Commission, 14.01.2014
Capital Markets Authority of Kenya, 135
CySEC, 185/12
FCA (UK) 777911
FSC (Mauritius), C113012295
FSCA (South Africa), 46614
Established 2008 2009 2011
Minimum Deposit $1 $10 $10
Maximum Leverage 1:2000 1:2000 1:2000
Spread Variable Variable Variable
Commissions $3.50 $20 $2
Minimum Position 0.01 lot 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Neteller, Perfect Money, Skrill, Tether (USDT), WebMoney and Wire transfer AdvCash, AstroPay, Boleto Bancário, Credit/debit cards, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Western Union Bitcoin, Credit/debit cards, DIXIPAY, FasaPay, Google Pay, Neteller, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney
Official Website Visit Exness Visit RoboForex Visit FXTM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Soft Commodities
Spread Betting
Bonds

Customer Support

Website Languages Arabic, Bengali/Bangla, Chinese, English, French, German, Hindi, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese Arabic, Chinese, Croatian, Czech, English, Estonian, German, Hungarian, Indonesian, Italian, Latvian/Lettish, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Vietnamese Arabic, Chinese, Czech, English, French, Hindi, Indonesian, Italian, Korean, Malay, Persian, Polish, Russian, Spanish, Thai, Turkish, Urdu, Vietnamese
Email Support
Call Support
Chat Support

Reviews

Traders Reviews

Madison Jackman

Mar 25 2022

Anyone also often experience server problems with EXNESS? I just experienced it myself. Hopefully it doesn't happen like this again. A little disappointed tho, I never have a problem when trading with EXNESS before.

Zoey

Mar 24 2022

Each broker must have advantages and disadvantages of each. As a new trader, EXNESS must look very good. The features are quite complete. However, when you trade for a longer period of time and with more money, you will lose more often. Unreasonable price differences are often the cause of your lose.

More Reviews

Hukies

Jul 17 2022

So i am chosing the lot size which is  dot 1 but when i place order it says insufficnet balance

Wilfred Nelson

Nov 30 -0001

I don't understand, earlier this week I got a margin call. I was trading gold and I am pretty sure I was in a profitable position. When I realize I got a margin call I was so surprised. So I checked what was going on and I realize that the price is not the standard price as other brokers. Why is the price not the same as another broker's? Also, I did place a pending order and a stop-loss order but it did not trigger. Was it my fault? I am pretty sure I placed it, I always did every time I open a position.

More Reviews

Vergil

Apr 24 2020

Craig Snider: yes. FXTM is regulated by FCA from UK

Craig Snider

Apr 11 2020

Is FXTM regulated in the UK?

More Reviews

Start Trading

Open Real Account Open Exness Real Account Open RoboForex Real Account Open FXTM Real Account

If you are interested in the other two brokers and want to compare them side by side, use our broker comparison tool here.