- Who is the Standard Cent account best suited for?
- Top features of the Standard Cent account
- Account Details
- What are Cent Lots?
- Which countries is the Standard Cent account available in?
Who is the Standard Cent account best suited for?
The Standard Cent account is an account type suited to newbie traders as it allows them to trade smaller volumes with much smaller trading units (cent lots). This account offers the smallest minimum trading volumes available, ideal for testing your trading strategies.
Top features of the Standard Cent account
- The only account type using cent lots (more information provided below).
- Stable spreads, reliable execution and no trading commission.
- Orders will be executed with market execution (no requotes).
- Up to 36 currency pairs available to trade on.
Here is a comprehensive list of details for the Standard Cent account:
|Minimum Initial Deposit||Depends on the payment system|
|Execution type||Market Execution|
|Account currencies||USC, EUC, GBC, CHC, AUC, CAC|
|Trading instruments||Forex and Metals|
|Trading Commission||No commission charged|
|Swap Free Accounts (For Muslim countries)||Available|
What are Cent Lots?
Standard Cent accounts are a unique account type to Exness as the only one to measure trading volume as cent lots (1 cent lot = 100 000 cents or USD 1 000), unlike other Standard and Professional accounts which measure trading volumes as lots (1 lot = 100 000 units of base currency).
A minimum trading volume of 0.01 cent lots (1 000 cents or USD 10) ensures Standard Cent accounts are ideal for practicing trading, or putting your trading strategies to the test with less risk.
Do note that the balance for the accounts is reflected as cents, or any other available cent currency; so if you deposit USD 5, your account balance will show USC 500 (500 cents) and not USD 5.
Which countries is the Standard Cent account available in?
Standard Cent account is available in the following regions:
LATIN: Argentina, Plurinational State of Bolivia, Brazil, Bolivarian Republic of Venezuela, Guyana, Colombia, Paraguay, Peru, Suriname, Uruguay, French Guiana, Chile, Ecuador, Anguilla, Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, U.S. Virgin Islands, Haiti, Guadeloupe, Guatemala, Honduras, Grenada, Dominica, The Dominican Republic, The Cayman Islands, Costa Rica, Cuba, Martinique, Mexico, Montserrat, Nicaragua, Panama, Puerto Rico, El Salvador, Saint Kitts and Nevis, Saint Lucia, The Turks and Caicos Islands, Trinidad and Tobago, Jamaica
ASIA: Indonesia, China, Taiwan, Hong Kong, Korea, India, Thailand, The Philippines, Myanmar, Vietnam, Nepal, Bangladesh, Sri Lanka, Macao, Bhutan, East Timor, Cambodia, The Democratic People's Republic of Korea, The Lao People's Democratic Republic, Maldives
AFRICA: Ghana, Uganda, Angola, Nigeria, Zambia, Zimbabwe, The Central African Republic, South Africa, The Congo, The Democratic Republic of the Congo, Kenya, Mauritius, Benin, Botswana, Burkina Faso, Burundi, Gabon, The Gambia, Guinea, Guinea-Bissau, Djibouti, Cabo Verde, Cameroon, The Comoros, Côte d'Ivoire, Lesotho, Liberia, Mauritania, Madagascar, Malawi, Mali, Mozambique, Namibia, The Niger, (Ascension and Tristan da Cunha) Saint Helena, Réunion, Rwanda, Sao Tome and Principe, Seychelles, Senegal, Sierra Leone, United Republic of Tanzania, Togo, Chad, Eritrea, Ethiopia
RUSSIA: The Russian Federation, Georgia, Kazakhstan, Belarus, Ukraine, Estonia, Armenia, Uzbekistan, Azerbaijan, Mongolia, Turkmenistan, Kyrgyzstan, Tajikistan, The Republic of Moldova
ARABIC: Turkey, State of Palestine, Egypt, Libya, Lebanon, Iran, Iraq, Bahrain, Algeria, Afghanistan, Jordan, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Sudan, Tunisia, United Arab Emirates, Western Sahara, Yemen, Brunei Darussalam, Syrian Arab Republic
To see the complete list of countries Exness does not work with, check out our article here.