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 Forex trading can be hard at times for beginners, especially with the tips and guides out there that all recommend them to start with the demo accounts. Let me start you off right there by saying that this is, in fact, not an efficient way to learn forex trading. I mean sure, it is safe and comfortable way of practicing trading, but eventually you’d have to learn to trade using the real accounts, under the real trading conditions again and that’s just more works for you to learn it all over again. Forex demo accounts are designed to have significantly better trading conditions such as better executions and prices, lower spread, volatility and so on, which in turn will make you feel overconfident about your trading skills.

EXNESS CENT ACCOUNT - BEST TYPE OF ACCOUNTS FOR NEW TRADERS

In this article, I’ll be showing you the right approach that you should take to start trading properly and in the most efficient way. To start trading the proper way, we should always use the real accounts. There are many different types of real accounts, but all of them are similar in one way, which is that all of them are accounts that use real trading conditions offered by the broker. For beginners, you’d want to choose Cent account to start trading with. The main perk of Cent account is that it uses its own currency, which is cents. To furthermore learn about Cent accounts, I’ll be listing some of the benefits of starting trading with Cent account below:

• You’re essentially trading under the real trading conditions so if you can profit a lot using Cent accounts, you can make profit using any other type of accounts.
• Cent accounts use its own currency, which will in turn teaches you to learn to manage your funds and plan your strategies accordingly.Cents, the currency of Cents account, has relatively great exchange rate. For a deposition of $10, you can get as much as 1000 cents in your account which is enough to last you for 2 months at least. Cents can also be converted to US dollars and be withdrawn at any times. So, you can be making a little money, losing a little money but above all is that money acts as a kind of motivation for you to keep trading and practicing.

Why is Exness Cent account the best account type for forex trading beginners?

As a rule of thumb when doing forex trading, you should always trade with best forex brokers. However, since beginners aren’t the gold-mine for most big brokers, big brokers don’t usually offer Cent accounts. The smaller brokers do offer Cent accounts but at the cost of reduced security and reliability so I’d advise against it. The only big and trusted broker that I could find to offer Cent account is Exness, and after trying them out, I must say that their service as well as trading conditions are relatively good. Obviously, their Exness Cent accounts aren’t perfect because there are still some huge limitations such as the limit on order times, but overall it should still be a pretty good place to start practicing trading.

Something to note is that their reports were audited by Deloitte, which is a rather well-known and independent audit firm.

If by any chance you’re still having doubts, below are some of the few perks of Exness Cent accounts based on my experience doing business with them:

• Exness Cent accounts have no minimum deposition. Your deposition can be as low as $1 and it should still go through. This is quite handy for beginners as they don’t usually want to invest too much.
• Low minimum order value. The lowest your minimum order value can be is 0.01 cents, or 0.0001 USD. This way you can place hundreds of orders and your $5 or $10 can last for months of practicing.
• High leverage. Exness themselves offer the highest leverage out there on the market so you basically have more free margins, which mean more open orders for you.
• Instant payment system. This is almost like a trademark of Exness since they’re the only broker out there who offers instantaneous transfer/withdrawal. Instead of having to wait for hours like you usually do to complete a transfer/withdrawal, it is now instant which means you can trade more efficiently, learn more efficiently.
• Customer service. Exness has 24/7 and multiple language support customer care so you can just throw away any question that you have in mind at them and someone will always be there to answer your questions. Exness has branches are all over the world so rest assured you should have the customer care you need in your native language.

Xem thêm các sàn forex lớn nhất 2020.

How do I open an Exness Cent account?

To open an Exness Cent account, you can go to their website. The requirements for opening a Cent account is rather simple. You only need an email and a phone number and it should take you no less than a minute to complete the registration.

If you are an experienced traders, check here for the top 5 ECN brokers.

Read more : WHAT SHOULD WE CONSIDER ABOUT TOP FIVE LOWEST SPREAD FOREX BROKER ?