3 List of the Best Forex Brokers for Sen Account Providers
3 List of the Best Forex Brokers for Sen Account Providers - Not having large capital at this time can no longer be a reason not to participate in online retail forex trading which has the potential to generate a second salary for you. This is because there are already many brokerage companies that provide penny accounts so you can trade with a very minimal deposit. As the name implies, this type of account provides a trading platform that calculates cents. So by depositing funds of 1 USD it will count as 100 cents. Thus beginner traders can open positions with a lot value of 0.0001 so that traders can transact with nano lots.
With these facilities, brokerage companies that provide cents and nano lot accounts are often considered the same. This is not 100% wrong, but in fact there are some differences in the platform, namely unit and total balance. For example, a personal balance of USD 5 is listed on the personal area but the platform will be changed to 500 cents. Exclusively several brokers, including InstaForex, mention the base currency in their company cent accounts in units of cents such as EUR Cent and USD Cent.
Cents account with the advantages of transactions on nano lots will greatly help traders who are engaged in the real money market. The reason is because of its ability to minimize trade risk. These accounts are also often said to be the arena of amateur traders to transition from virtual accounts to real terms. In addition, you can also test the credibility of a broker by opening a cent account. However, it should be noted that caution is needed to open a new account with a broker to ensure the security and quality of its services.
Also read: Tips Practical Fundamental Analysis For Beginner Traders
The lack of trading risk on this penny account so that it can be said that novice traders can transact in real terms even almost without risk. Traders with minimal deposits can also be a means for traders who want to know the extent of the strategies and methods they have mastered in the money market. Currently there are also many broker companies that provide trading services with this penny account which can make it easier for you, like some bro bro recommended below.
There are 3 recommended broker account cents for you, namely Instaforex, FBS, and Exness, here is a brief review of the three companies.
For penny accounts available on this broker are Cent Standard accounts and Cent Eurica accounts. The difference between the two accounts is the set spread type, which is the normal spread on the Standard account and zero spread or 0 spread on the Eurica account. For standard cent accounts, normal floating spreads apply with a range of 3 to 7 pips, whereas in Eurica accounts there is no spread but as compensation the trader is charged a commission of 0.03% to 0.07%.
In both sen accounts there is a minimum lot of 0.0001 lots which on the trading platform will be listed as 0.10 lots. This is because the features on the MT4 platform cannot display the nominal lot less than 0.01 lot. On InstaForex cents broker accounts the deposit currency is listed as USD Cent and EUR Cents. Brokers do not change the optimal lot limit on a cent account and it is important to note that on InstaForex sen and non-sen accounts set a maximum trade of 10,000 lots.
There is no specific provision for a minimum deposit on Insta sen accounts so anyone can open an account with the broker with a deposit of at least 1 USD. Some other advantages that you can get are ease of administration, practical and easy to withdraw as well as deposit transfers, the opportunity to get a deposit bonus of up to 30%, very minimal deposits, a variety of options for pair trading, and much more
FBS can be said as a broker broker that provides mini accounts including penny accounts which even become the first choice of trading. This is why novice traders deserve to start their transaction activities on the money market with this one broker partner. The FBS cent account sets a minimum deposit of 1 USD and the floating spread value starts from 1 pips for the EUR / USD pair. For the lowest FBS penny account the value is 0.01 or equal to 0.0001 on the standard lot size. The prominent advantage of this broker is that traders can use various trading strategies so that they are suitable for various groups. Order execution is also guaranteed to be right, with speeds starting from 0.3 seconds.
Those who open their real accounts are often also interested in programs that provide an opportunity to get extra profits. FBS provides many bonus programs with their respective terms and conditions. FBS clients may also participate in the rebate trading program. By registering as a Sentragold referral, you are likely to get an FBS rebate on every trade of up to 60%.
In addition, there is also a bonus deposit of 100% and a $ 123 non-deposit promo. FBS also regularly holds trading contests on virtual or real accounts with various high-value prizes, for example, luxury cars, the latest devices, and so on. The promotional contest that is regularly held by FBS is the FBS pro demo competition that gives traders the opportunity to test their trading skills on FBS for account with prizes reaching $ 1,000.
Exness Broker provides trading platform services with a cent account without certain conditions relating to the minimum deposit and the type of spread that is set. In the Exness floting spread, the cent account starts in the range of 0.3 pips. On the trading broker's account traders can observe in detail about the state of the spread, the swap information on each instrument, and the margin on the "specification trading" page.
On Exness cents accounts, each trading instrument is marked with a special label, namely "c" at the very back, for example, EUR / USDc for the Euro and US Dollar foreign currency pairs. When compared to other Exness trading accounts, it is this naming system that determines the privileges of a cent account.
From the specifications above that you need to look at are the maximum limits relating to the deposit value, order amount, and trading volume. These restrictions should not have much impact because the emergence of this cent account is intended for beginner traders who intend to start trading with limited capital first or for traders who want to try the mastered trading methods without worrying about losing a lot of capital.
As compensation for brokerage companies, on a cent account generally the spread value will be widened in addition to certain restrictions. Thus you need to get the best brokerage account cent partner by considering the value of the rate spread that is applied. Don't forget to pay attention to other aspects, including the quality of service and security of brokers seen from the regulatory agency that is the financial supervisor. To get the best broker for your trading partners, do a survey first before by studying their official website.
Such is the review that this time I discussed about the 3 List of the Best Forex Brokers for Sen Account Providers. Hopefully it can be useful and can be a reference for all of you. Thank you for visiting and look forward to the latest update from us next.
With these facilities, brokerage companies that provide cents and nano lot accounts are often considered the same. This is not 100% wrong, but in fact there are some differences in the platform, namely unit and total balance. For example, a personal balance of USD 5 is listed on the personal area but the platform will be changed to 500 cents. Exclusively several brokers, including InstaForex, mention the base currency in their company cent accounts in units of cents such as EUR Cent and USD Cent.
What are the Benefits of a Sen Account?
Cents account with the advantages of transactions on nano lots will greatly help traders who are engaged in the real money market. The reason is because of its ability to minimize trade risk. These accounts are also often said to be the arena of amateur traders to transition from virtual accounts to real terms. In addition, you can also test the credibility of a broker by opening a cent account. However, it should be noted that caution is needed to open a new account with a broker to ensure the security and quality of its services.
Also read: Tips Practical Fundamental Analysis For Beginner Traders
The lack of trading risk on this penny account so that it can be said that novice traders can transact in real terms even almost without risk. Traders with minimal deposits can also be a means for traders who want to know the extent of the strategies and methods they have mastered in the money market. Currently there are also many broker companies that provide trading services with this penny account which can make it easier for you, like some bro bro recommended below.
List of Qualified Brokers and Sen Account Professionals
There are 3 recommended broker account cents for you, namely Instaforex, FBS, and Exness, here is a brief review of the three companies.
InstaForex
For penny accounts available on this broker are Cent Standard accounts and Cent Eurica accounts. The difference between the two accounts is the set spread type, which is the normal spread on the Standard account and zero spread or 0 spread on the Eurica account. For standard cent accounts, normal floating spreads apply with a range of 3 to 7 pips, whereas in Eurica accounts there is no spread but as compensation the trader is charged a commission of 0.03% to 0.07%.
In both sen accounts there is a minimum lot of 0.0001 lots which on the trading platform will be listed as 0.10 lots. This is because the features on the MT4 platform cannot display the nominal lot less than 0.01 lot. On InstaForex cents broker accounts the deposit currency is listed as USD Cent and EUR Cents. Brokers do not change the optimal lot limit on a cent account and it is important to note that on InstaForex sen and non-sen accounts set a maximum trade of 10,000 lots.
There is no specific provision for a minimum deposit on Insta sen accounts so anyone can open an account with the broker with a deposit of at least 1 USD. Some other advantages that you can get are ease of administration, practical and easy to withdraw as well as deposit transfers, the opportunity to get a deposit bonus of up to 30%, very minimal deposits, a variety of options for pair trading, and much more
FBS
FBS can be said as a broker broker that provides mini accounts including penny accounts which even become the first choice of trading. This is why novice traders deserve to start their transaction activities on the money market with this one broker partner. The FBS cent account sets a minimum deposit of 1 USD and the floating spread value starts from 1 pips for the EUR / USD pair. For the lowest FBS penny account the value is 0.01 or equal to 0.0001 on the standard lot size. The prominent advantage of this broker is that traders can use various trading strategies so that they are suitable for various groups. Order execution is also guaranteed to be right, with speeds starting from 0.3 seconds.
Those who open their real accounts are often also interested in programs that provide an opportunity to get extra profits. FBS provides many bonus programs with their respective terms and conditions. FBS clients may also participate in the rebate trading program. By registering as a Sentragold referral, you are likely to get an FBS rebate on every trade of up to 60%.
In addition, there is also a bonus deposit of 100% and a $ 123 non-deposit promo. FBS also regularly holds trading contests on virtual or real accounts with various high-value prizes, for example, luxury cars, the latest devices, and so on. The promotional contest that is regularly held by FBS is the FBS pro demo competition that gives traders the opportunity to test their trading skills on FBS for account with prizes reaching $ 1,000.
Exness
Exness Broker provides trading platform services with a cent account without certain conditions relating to the minimum deposit and the type of spread that is set. In the Exness floting spread, the cent account starts in the range of 0.3 pips. On the trading broker's account traders can observe in detail about the state of the spread, the swap information on each instrument, and the margin on the "specification trading" page.
On Exness cents accounts, each trading instrument is marked with a special label, namely "c" at the very back, for example, EUR / USDc for the Euro and US Dollar foreign currency pairs. When compared to other Exness trading accounts, it is this naming system that determines the privileges of a cent account.
From the specifications above that you need to look at are the maximum limits relating to the deposit value, order amount, and trading volume. These restrictions should not have much impact because the emergence of this cent account is intended for beginner traders who intend to start trading with limited capital first or for traders who want to try the mastered trading methods without worrying about losing a lot of capital.
As compensation for brokerage companies, on a cent account generally the spread value will be widened in addition to certain restrictions. Thus you need to get the best brokerage account cent partner by considering the value of the rate spread that is applied. Don't forget to pay attention to other aspects, including the quality of service and security of brokers seen from the regulatory agency that is the financial supervisor. To get the best broker for your trading partners, do a survey first before by studying their official website.
Such is the review that this time I discussed about the 3 List of the Best Forex Brokers for Sen Account Providers. Hopefully it can be useful and can be a reference for all of you. Thank you for visiting and look forward to the latest update from us next.
FBS Trader features a set of instruments to follow the market trends and must-have tools tailored for your daily trades. The app is free fbs login from functionalities you may never use, coming with a user-friendly interface and smooth workflow.
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