This article explains the trading characteristics of the standard cent account, which is an account type of Exness. Many people don’t know about the Standard Cent account. The Standard Cent account is an account type that allows trading with small trading units and small amounts. Therefore, this is the account type that is recommended for those who are familiar with demo trading and want to try real trading. By using the Standard Cent account, which allows you to trade with small amounts of real money, you can smoothly transition from demo trading to real trading.
Standard cent account
Since the Standard Cent account deals with small amounts of money, it is the perfect account type for those new to FX or for beginners to get started with FX. You will be able to enjoy FX trading with unlimited leverage and stable spreads in a low-risk environment. You can open an account below. This account type for traders is only available in MT4. Basically, some types have large spreads, so you need to take time to make settlements, so this account is not recommended for scalping. Please check the spec information below.
| Minimum initial deposit amount | From $1, depending on payment method |
| Maximum leverage | Unlimited leverage |
| transaction fee | free |
| Average spreads for major currency pairs | USD/JPY：1.1 pips EUR/USD：1.2 pips GBP/USD：1.2pips |
| margin call | 60% |
| order execution | market execution |
| Number of stocks handled | FX (foreign exchange): 34 Precious metal: 2 Total: 36 |
| Supported trading platforms | MT4, Web Terminal, Trading App |
The features are explained below. The margin can withstand losses up to the maintenance rate of 0%, and the loss cut occurrence level is limited to 0, so you can withstand losses until the entire amount is lost. There are almost no campaigns or bonuses, but automatic trading (EA) tools can be used if necessary. Among overseas FX companies, our service is characterized by the narrowest spreads in the industry. You can also create additional accounts from your personal area.
Handling of financial products
Currently, the Standard Cent account, like the Standard account, is rich because it supports stocks, currency pairs (US dollar, euro, pound, Japanese yen), minor currency pairs, virtual currency (Bitcoin), energy, and stock index indexes. . This account is recommended for beginners in investing. Market orders, limit orders, and instant settlement are also possible, and you can enter even from low lots.
Account for beginners
The Standard Cent account is an account type in the Standard category that is particularly distinctive in its trading unit settings. In the Standard Cent account, 1 lot = 1000 currencies. With a Standard Cent account, you can trade at 1/100th the trading volume per lot compared to other account types. This account type is recommended for people who want to avoid risk. Contract rejections are also rare.
How narrow is the spread?
Similar to the standard account, this account also tends to have wide spreads. It is a floating spread, and swap points will be generated if the spread is spread over a day. It is recommended for those who are just starting out, but for intermediate and advanced users, considering the spread, a low spread account is recommended.
maximum lot
New entries to the Standard Cent account are possible from 0.01 lot. The maximum position limit is 200, which is a very high limit, and it is possible to hold and settle multiple positions. The detailed conditions are the same as the standard account. Leverage is high and can be changed. There are also no transaction fees.
Differences between cent and standard accounts
The differences between Standard Cent Account and Standard Account are summarized below. Both have a wide range of swaps and the same loss-cut level, but there are considerable differences in specifications and product services when ordering prices on the regular screen. We have summarized the major points to keep in mind when using the two types of account systems. Investors should choose one that suits them each day in order to trade profitably.
difference in trading volume
The Standard Cent account allows you to trade with 1/100th the trading volume of other account types, so even with the same number of lots, the profit or loss due to price movements is smaller than other account types. Standard account will be 1 lot. If you move 100 pips, the standard account moves ±100,000 yen, while the standard cent account allows you to trade within ±1,000 yen.
Account currency difference
The account currency that is the base of the account is different. Standard account allows you to choose from 42 account currencies including Japanese Yen, but Standard Cent account allows you to choose only 6 account currencies (USC, EUC, GBC, CHC, AUC, CAC).
Differences in tradable instruments
The Standard account allows you to trade a wide variety of CFDs, while the Standard Cent account is limited to Forex and Precious Metals. Forex currency pairs are 98 for standard accounts and 34 for standard cent accounts.
Advantages of the Standard Cent Account
The standard cent account is an account that allows you to trade with low risk from the smallest unit cent lot, and it will be for beginners. Another advantage is that you can trade popular stocks recommended for beginners. Furthermore, maximum unlimited leverage is also available, spreads from 0.0 to 0.3 pips, and easy-to-set market contract methods. In addition, it supports zero cut, and there is no hidden cost without margin. As for opening conditions, it is possible to open up to 10 accounts at the same time by transferring funds between accounts from as little as 1 dollar.
Disadvantages of Standard Cent account
The disadvantage of the Standard Cent account is that it is a limited version with simple functions that is specialized for beginners, so it is only compatible with MT4. It is not suitable for those who want to use MT5. The number of financial products handled is exotic currencies, but it is fewer than standard accounts. Requotes and slippage may also occur. Some styles and methods cannot be used effectively in the market. The actual spread is also slightly wider.
Recommended for beginners
The Standard Cent Account is recommended for beginners. This means that it is recommended for those who are new to trading or Exness. In the case of the Standard Cent Account, the risk is reduced because it specializes in small transactions. For reference, this account is suitable for financial products such as FX, gold, and silver. You can trade using metatrader with low spreads. Deposits and withdrawals are also quite smooth. There is little risk in operation, and customers can place orders in different sizes and currency units, making profits depending on the strategy. Try trading the target products individually during the time period.
little risk
The Standard Cent account is highly specialized for small-value transactions. This makes it a highly recommended account type for beginners. Especially if you’re a beginner, you can’t win most of the time. Money keeps disappearing anyway, so if you’re going to lose money anyway, it’s better to keep it small. First of all, we recommend that you thoroughly use the Standard Cent account until you can start winning. It will take at least two or three years before you can trade successfully.
Recommended than standard account
There is a question of which is better, a standard account or a standard cent account, but if you want to practice trading, a standard cent account is recommended. As explained above, the reason is that there is almost no risk. It allows you to trade with lower risk than a standard account, so it is very specialized for practice. If you are planning to switch from a demo account to a real account, please try this account type first.
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