What is the Minimum Deposit Required to Open Cent Account?

Minimum Capital Required to Start Intra-Day Trading with a Cent Account

Minimum deposit that is required to open a Cent account is $5 dollars.

With $5 minimum gold trading deposit for a Cent Account, traders can open a Cent account & trade Cent lots.

The Cent Account uses Cent Contracts when opening new trades.

1 Cent Lot is equivalent to 100 Units of base gold - 100 Ounces.

The Pip value amount calculation for 1 Pip in a Cent account is equivalent to $0.01 or 1 Cent. Therefore traders using this Cent account using Cent lots will make a profit of $0.01 or 1 Cent per 1 pip movement if the Gold trade goes in their direction or makes a loss of $0.01 or 1 Cent per 1 pip movement if the Gold trade decides to move against their trade direction.

This Cent account is best for new traders because one can trade using smaller lots - Cent lots and learn how to trade without investing a lot of capital in their Cent account.

Study More Tutorials & Guides:

Trade Gold Trading

What is the Minimum Deposit Required to Open Cent Account?

Minimum Capital Required to Start Intra-Day Trading with a Cent Account