Can I Start with $5 for Cent Account? - Can I Start with Just $5 for Cent Account? - How to Open Account with $5
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.
The Cent account is a account type where the Gold traders execute trades using Cent lots, Cent lots are equal to 100 Units of base gold - 100 Ounces. This Cent lots are fraction of the standard lots. Traders transacting using Cent Account can make a small deposit for examples $5 dollars deposit & use leverage provided 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.
To learn more about leverage & margin account - Read the following gold tutorial guides:
Study More Tutorials:
- Standard XAUUSD Trading Account and Micro XAU USD Account
- What is the Minimum XAU/USD Volume for a Cent XAUUSD Account?
- XAU USD Platform/Software Profiles & Saving a Workspace Profile in MT4 Platform Software
- How Can I Activate a XAUUSD MT4 EA Expert Advisor in MT4 Platform Software?
- Advanced Gold Candlestick Patterns Tutorial Lesson
- How Leverage Increases XAUUSD Profits & Losses
- Technical Analysis of Bollinger Bands Indicator
- Entry Stop XAU/USD Orders: Buy Stop XAU/USD Order vs Sell Stop XAU/USD Order


