My friend I will not make a direct recommendation, but if I tell you, investigate a lot and consult with market professionals before making your decision. On the internet you can find a lot of 'false' information that you can not believe at first hand and also false comments and recommendations about brokers. Be careful with the decision you make and the broker you choose. 😉 Luck!
gels4 posted: My friend I will not make a direct recommendation, but if I tell you, investigate a lot and consult with market professionals before making your decision. On the internet you can find a lot of 'false' information that you can not believe at first hand and also false comments and recommendations about brokers. Be careful with the decision you make and the broker you choose. 😉 Luck!
We can all agree with you, but I think @BloodyMary wants some examples/recommendations for ECN brokers with cents. After that a research regarding each broker can be easily made. The choice of broker should be the last step based on the research done.
Well, I seem cent or micro type trading accounts are useful for the novice traders who are not confident enough about their trading skill, by the way I started my live trading journey with standard type live trading account because, I have a profitable trading system! Till now I am trading with the same trading account, no MC here!
Does anyone know a ECN broker with cents account and regulated?
I do not believe you will find such a broker :) ECN broker - sure, broker offering cent account - why not, but ECN broker to offer cent accounts looks a bit incredible. Just choose one of the options :)
Just a basic advise: if you open given broker's website and the advertising shows cars, excursions, free gifts. bonuses over deposit and etc. - just better to close the browser asap and even do not loose time to open a demo there :)
Cent account seems to be as 'live demo' :) I believe more or less, they would have some limits (orders size, or maximum level of funds in he account and if you move over, they will switch you to regular trading account :)
I think cent accounts are more efficient and useful than demo accounts. Most of the demo accounts can be opened with 5 dollars and you can trade with very low amounts thanks to nano lots.
Therefore, it is definitely more useful than demo accounts to understand the trading psychology. In addition, traders can try their new strategies without risk in their cent accounts. I think that the most well-known examples of the cent account are offered by XM and FXTM. XM offers it with the name of the micro account while FXTM offers it as cent account.
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.