Types of Trading Accounts Offered by ForexCent

Micro trading accounts is the best choice for the starters and for testing new strategies by experienced traders. Minimum deposit is 1USD, 1EUR or 1RUR depending on account's currency. Main advantages of these accounts are minimum lot size and calculation in cents (eurocents, kopeks depending on account currency). For example, you want to buy 0.01 euro lot at the price 1.3750 dollars for a euro (0.01 of lot is 10 euro). If leverage is 1:100 than the margin will be 13.75 cents. If leverage is 1:500 than the margin will be no more than 2 cents.

Real trading accounts are intended for traders having an accomplished strategy and constantly working at Forex market. Minimum deposit is 10USD, 10EUR or 10RUR depending on chosen account currency. With Real trading accounts a trader can constantly earn money at Forex market. Money is calculated in dollars, euro or rubles depending on account's currency. Minimum contract size is 0.01 lot (contract size is 1000 units). For example, you want to buy 0.01 euro lot at the price 1.3750 dollars for a euro (0.01 of lot is 1000 euro). For such lot size 1 point will be equal to 10 cents. If leverage is 1:100 than the margin will be 13.75 dollars.

* - lock margin is a percentage of total margin necessary for keeping opposite positions in one pair.
** - annual percentage rate charged monthly for funds not used in trading.