In this topic, we share some of Exness Cent Account features which are convenient and suitable for new people to the foreign exchange market. There is also a small comparison between the Cent Account from small brokers and the popular Demo Account.
The Demo Account and The Cent Account
As newcomers to the currency market which is not stable and risky, new traders hope for an ideal environment to practice. There are rules in the forex trading need practices, and risk management is undoubtedly needed to master before trader strong enough to launch their large-scale investment. There are two options/settings for new traders to start with: the Demo Account and the Cent Account.
Demo account functions with the unique condition: lower spread and more stable with better execution. The transactions are similar to the real forex trading market, and you need no cash to practice with Demo account. It is suitable for the new in foreign exchange, but just for a short time. Many traders became too confident because of their winnings. However, the real market is more unstable and losing real money is quite a pressure. It is not a good option to spend too much time playing with the Demo account.
The other option for novices is to invest a little money with Cent Account. By the Cent Account, the order value is lower, and you can practice for months. However, to play with high leverage with such account is tricky, because only small brokers offer Cent Account. Why? It is because newbies are not the target of the big brokers. The payment system from small brokers might be limited within a country, or it could be worse if you meet the fake brokers. It is not to mention the language barriers for many new young businesspeople.
You might have no forex account before, or you may even have sad stories of forex trading; screw it, let’s start it again, it is just the beginning of the real trading journey. Exness Cent Account provides a professional context you need for practice, and Exness is trustworthy as the trusted forex brokers. Running between volatilities for years and coping with the vast amount of money in many countries, the name was proven to trader community all around the globe (You can check their trading volume here). Here we share some of Exness Cent Account features which fit new traders:
Exness Reputation: You grant yourself a chance to face the real forex trading market with Exness Cent Account, and your account is safe with Exness reputation. All the trading condition are real: real spread, real volatility, real pressure and your real money. Thus, if you practice well with Exness Cent Account and you can win, you could probably earn big with other real accounts.
No minimum deposit: You might still not get over the fear of losing money. It is perfectly reasonable as researches have shown that most of the forex beginners lost in their early stage of forex trading. On the other hand, is it better if you can practice for months with just 10 bucks or maybe lower? Exness asks for no minimum deposit with the Cent Account, and a dollar is more than enough for it. This low deposit can also encourage beginners, who don’t want to invest much to practice in the real currency market.
Low order value: You may suspect that 10 bucks seem too small for months of studying cost. Let’s do some calculation, your deposit 10 dollars, in cents it is 1000, which is equal to 100000 trading units in your account. Exness offers low order value as the purpose of more practicing with Cent Account. Therefore, you have more time to practice in real-time trading. You can learn and experience for months and improve faster with only 1000 cents - sounds big.
High leverage: Among forex trading brokers, Exness offer the highest leverage, which means you can borrow the highest fund for currency trading. The higher the leverage, the lower the margin. It is the feature that helps beginners go daring much more with a small pocket. You can always keep your orders open with low margin to proceed your tradings.
Good payment system: Real forex trading means real money, and you need a good system to deposit and withdraw with comfort. It is relaxing to withdraw some cash as a result of good practices, and you can find Exness regional offices in many countries, you can book and meet Exness local staff members directly. The services are top professional and friendly.
Language support: Exness supports 18 languages and has regional offices globally. The language barriers are no longer difficult for newcomers. You can go online to search on Exness website, or even contact with Exness staff at the local office, face to face. It is easy to connect with them and ask for forex trading business, and you can also share with other traders there and keep in touch with them.
(Exness development is focusing more and more on Asian countries, the company also supports many Asian languages such as Malaysian, Thailand, Vietnamese, Saudi Arabian, and Mandarin. You can also find its regional offices in the areas, and the information is widely open on Exness.)
To sum up, Exness Cent Account is more realistic than the Demo account and more reliable than the other Cent Account. Exness Cent Account is the best choice for forex trading beginners to practice, exchange ideas, and to learn fast.
Note:
The Deloitte audits Exness reports. In The Big Four accounting firms with professional network services, Deloitte is the most famous with the revenue is currently highest.
Moreover, if you love football, Real Madrid just signed a sponsorship agreement with Exness last year, 2017.
How to open Exness Cent account?
It takes only a minute to have your Exness Cent Account with online registration. Exness asks only for your email and phone number to finish. You can open Exness Cent account here.