The cent account and the micro accounts are the same, it is just that the names are different. These accounts are used to trade micro lots which is the smallest unit of the currency lot. I think you should not find the best brokers because every person has a different strategy and some things which are important for you may not be important for any other person. If a person is a scalper and is using M1 charts, he does not need high leverages, but a position trader who holds a position for longer periods needs high leverages. It is due to the reason that he has calculated his entry and exit points meticulously, so he can take risk considerably higher than a scalper. I am using Fxview and FXCM; I have also started with micro accounts because I want to learn and experience real trading after demo trading. The psychology of the traders is very important in the trade, and to build that confidence in you after demo trading, trading using cent accounts is important.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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