Cent account is a type of trading account that allows you to trade swap free and with cent lots. A Cent lot equals 0,01 of a Standard lot or 1,000 units. The margin requirements are as low as 10 US cents making it a beginner-friendly option for traders transitioning from trading on a Demo account to real trading.
Cent accounts are an excellent choice for novice traders who want to put their trading skills to the test and learn the dynamics of the real market - all while not investing too much of their trading funds. Experienced traders can also trade on Cent accounts to test new trading instruments and develop their strategies with less capital and reduced exposure.
Minimum deposit
Leverage
Commission
Swap free
| Trading Platform: | WEB4, WEB 5, Webtrader and Mobile Trading |
| Spreads: | From 1.2 pip |
| Contract Size: | 1 lot = 1000 units |
| Trading Instruments | Forex, Gold |
| Fifth Decimal: | |
| Maximum Leverage: | 1:1000 |
| Execution: | Market Execution |
| Minimum opening deposit: | $0 |
| Minimum trade size: | 0.01 Lot |
| Trade size increment: | 0.01 |
| Maximum Total Trade Size: | 200 Cent Lots per position / 1000 Cent Lots account total |
| Maximum Simultaneous Open Orders: | 150 |
| Margin Call / Stop out level: | 50% / 20% |
| Telephone Trading: | |
| Account Currency: | USC |
| Personal Account Manager: | |
| Commission | No |
| Swap free * | No |
| Flexible Bonus Offerings | No |
* Swap-Free applies only for specific trading instruments. Terms and Conditions apply.
Before trading, study basic forex strategies and learn how to analyze currency markets properly. Then, open an Celtic Live or Demo Account and choose your trading platform. Lastly, select your currency pair and open your first position.
Some of the most traded Forex pairs are:
These currency pairs are referred to as major currency pairs, and they account for more than 80% of the daily trading volume in the Forex market.
At Celtic, we offer multiple account types to suit the specific requirements of different traders, including accounts with no minimum deposit. Whatever your trading strategy, level of funding or appetite for risk, there is an account to match your needs. Please, check our Accounts Page for more information.
The Forex market is open 24 hours a day, five days a week and traded online with price quotes changing constantly. There are generally four main trading sessions:
Both the Sydney and Tokyo sessions are customarily referred to as Asian sessions. This is why Forex is usually referred to as the 3-session market: Asian, London, and New York. Trading hours may vary depending on the currency pair you wish to trade.
Yes, you can trade Forex on your phone using the Celtic App. Our award-winning app allows you to access the Forex market and trade currencies from anywhere in the world and manage your positions while on the go.
The Celtic App
Overall, trading Forex can offer numerous opportunities for profit, but it also carries a high level of risk of loss. Therefore, it's important to approach Forex trading with a sound trading plan and a disciplined approach to risk management. At Celtic, you can access a wide variety of educational resources to help you improve your trading skills.
