Trade Gold Trading

Can I Begin Trading with Just $5 in a Cent Account? - Opening an Account with a $5 Minimum Deposit

For beginner traders wanting to start trading with $5 dollars, the Cent account provides them with best account type - Open Account with $5 dollars - Open a Live Account with $5 dollars.

A Cent account is a specific account type where Gold traders execute transactions using Cent lots, which equate to 100 Units of base gold, or 100 Ounces. These Cent lots represent a fraction of a standard lot. Traders utilizing a Cent Account can make a minimal initial deposit, such as five dollars, and then employ the leverage offered by the Cent account to trade the Cent lots.

For example illustration, with the leverage option of 100:1, a trader can borrow $100 dollars from their broker for each $1 dollar in their account - meaning if they have $5 in their account - they can borrow $5*100:1 leverage = $500 dollars after leverage. Traders then can use this $500 dollars in their margin trading account to open and trade Cent contracts.

For further insight regarding margin mechanics and leverage ratios - Refer to the ensuing instructional guides covering gold trading:

Study More Tutorials:

Gold Broker