In the cent accounts, trading volume, required margin and profit/loss calculation will be 100 times less.
This is the main benefit of the Cent account and you can trade from 10 units which is 0.0001 lot for the normal accounts.
FBS offers the Cent account with leverage 1:1000, and you can start trading by making deposit of 1 dollar into the account.
Even if your deposit amount is 1 dollar, you can support positions which requires up to 2000 dollars of margin.
As the cent account is generally 100 times smaller than other accounts, the lot calculation would be different too.
|Normal accounts: 1 lot||100,000 units|
|Cent account: 1 lot||1,000 units|
In the FBS MT4, it will not have the explanation that you are trading in the different size with the Cent account, so you need to make sure that you know the account type and the margin requirement before placing the orders.
As you know, FBS offers about 10 bonus promotions and some of them requires some trading lots to get the bonus.
If FBS requires 1 lot for something, you need to trade 100 lots in the Cent account, as the Terms & Conditions of FBS specifies that “standard lots” are required for some bonuses and Cent account’s trading size is not the standard.
For example, the profit you have acquired on the $123 bonus account will be available by meeting the trading requirement.
The requirement is 1 lot for 3 USD.
So in this case, 100 lots for 3 USD is the case for Cent account.
FBS Demo to DEMOnstrate
FBS offers everyone the MT4 Demo account for all account types for free.
If you are not sure about the margin or profit/loss calculation, you are recommended to open a demo account and try out some orders.
FBS Demo account provides you the same environment as the real/live ones.