Trade Gold Trading

What is the Minimum Deposit Required to Open Cent Account?

Minimum Required Capital to Begin 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 amount of the Pip value, for 1 Pip in a Cent account, equals $0.01, or 1 Cent. So, people who trade using this Cent account with Cent lots will earn $0.01, or 1 Cent, for each 1 pip move if the Gold trade moves as they expect, or they will lose $0.01, or 1 Cent, for each 1 pip move if the Gold trade goes the other way.

This type of Cent account is ideally suited for newcomers as it permits trading with smaller denominations, specifically Cent lots, facilitating learning without committing substantial personal capital to the account.

Review Further Instructional Material & Directions:

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