HFM information and reviews
HFM
96%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
89%
FBS information and reviews
FBS
88%
XM information and reviews
XM
86%
Exness information and reviews
Exness
86%

Cent and standard accounts: differences and similarities


Trading on the Forex market always starts with creating a trading account. At FBS, this process is simple: you choose an account to your liking, register, and verify it. But the question is, what account type is the best option for you?

FBS offers traders Standard, Cent, Demo and Professional accounts. Many novice Forex traders don't fully understand the main differences and similarities between all of these accounts, which is why we decided to make a small guide to help traders make the correct choice.

Standard Account


Standard account is ideal for traders looking for a traditional Forex trading experience. The Standard account offers ultra-competitive floating spreads from 1 pip and leverage up to 1:30. To open the Standard account, you need to make an initial deposit of €100 or this sum's equivalent in USD. The maximum number of open positions and pending orders on the Standard account is 400, meaning you can have up to 400 orders opened simultaneously.

Cent Account


Cent account is a perfect option for beginners who only start their trading journey. To open the Cent account, you need a deposit of €10 or this sum's equivalent in USD. As in the Standard account, the Cent account's spread is floating and starts from 1 pip. The main feature of the Cent account is the use of 100 times denominated monetary units of the base currency in calculations. For example, if you deposit $20 to your account, you get 2000 US Cent.

This type of account is perfect not only for novice traders but also for professionals to test new strategies with less financial expenses.

Demo Accounts


Demo accounts are the most secure option for non-experienced traders. On Demo accounts, you can train without any financial risks, learn all the Forex basics, and after that, go real. It also helps traders who are unsure whether they want to open the Standard of Cent account – open the Demo Standard or Demo Cent one and learn which one suits you best.

Professional Accounts


FBS also has an option for traders with a proficient level of market knowledge. If you consider yourself as an experienced trader, you can upgrade your account to a Professional. To become a Professional on FBS, you need to pass an advanced survey and provide us with legal documents that prove your trading proficiency.

After this, you will be able to trade with increased leverage: up to 1:500 at major and non-major currencies, 1:100 on silver, and 1:200 on gold.

At FBS, we know that one size never fits all. This is why we offer a variety of account types to meet the needs of individual traders. Join FBS, open an account, and enjoy the beautiful world of trading!

#source


RELATED

Trade Silver Online: A Complete Guide for Beginners

To start with, what is silver trading? Traders have highly valued silver for many years now. The metal has various usages including jewellery or as a form of currency....

Grasping the Concept Of Hedging in Forex Trading

Hedging is a financial trading technique that investors should be aware of and employ because of its benefits. It protects an individual’s funds from being exposed to a problematic situation...

10 Investment Tips For Buying Crypto in 2024

Even the slightest tip can tip the scales in your favor. As the cryptocurrency market evolves, making informed and strategic decisions is crucial for maximizing returns and minimizing risks.

Liquidity: How to Find the Right Assets and Markets

Liquidity is a common term in the financial world. Market liquidity determines the speed of market operations and an investor's ability to earn money on a specific asset...

What is ECN/STP trading?

It is a broker's business model in which clients` orders are sent directly to one or several liquidity providers to be executed on their end. Liquidity providers include companies...

Top 5 Trading Books to Read in 2022

Just a guess: you’re new to trading and you think that trading is all about luck and intuition, right? Not really. In fact, being an efficient trader means more than just buying or selling assets

Dogecoin vs. Bitcoin: Which one is the Better Investment?

Dogecoin and Bitcoin are two well-known crypto assets. However, some traders may not know how to compare Dogecoin vs. Bitcoin, so knowing some of the significant similarities and differences...

The core concept of money management

Risk management, also known as money management, refers to a number of trading techniques employed to lessen risk exposure. Being affected by various factors...

A Beginners Guide To Pairs Trading

The ideal strategy is the one that allows a trader to make money in any market, regardless of whether the price is falling or rising. Such trading systems are called arbitrage trading systems...

Guide To Choosing A Broker In 2023

Choosing a reliable broker is an important step in the career of a successful trader. It is the broker, being the intermediary between you and the market...

Ultimate guide to trade Stellar Lumens (XLM) for beginners

Stellar is one of the early cryptocurrency networks that has managed to maintain a leading position in the crypto markets. With innovative services...

What are CFDs?

Before venturing into what are CFDs, first let’s take a quick look at the forex market. The forex market is the largest financial market in the world...

How does interest rate affect currency rates? How to make money on interest rate changes?

How do you predict the currency exchange rate when interest rates change? Can an ordinary trader make money off it? Octa analysts explain in the article.

Demystifying the 60/40 Rule in Forex Trading: A Comprehensive Guide to Tax Implications

Forex trading, also known as foreign exchange trading, is a dynamic market where currencies are bought and sold globally. The primary aim of forex traders is to make profitable trades...

How to Get Started Day Trading Guide

Day trading is as simple as it sounds and can truly be anything you ultimately want it to be. Like anything, practice makes perfect and you get back out...

Important Factors in Trading Forex

Whether you are already investing in the Forex markets with Olymp Trade or you're looking to start, there are many things to consider and understand in order to find more...

Invaluable Tips on How to Choose the Best Forex Broker for Beginners in 2022

Why do people want to start trading foreign currencies on the global market that is commonly known as Forex? Some are tired of their mundane jobs where they get paid peanuts...

MultiBank Group: Top Macroeconomic Indicators To Look For

Macroeconomic indicators are a key part of fundamental analysis. Their statistics provide insight into the state of a particular country’s economy. Macroeconomic indicators...

What Financial Markets Are and Why They are Important

When we talk about stocks, currencies, bonds and cryptocurrencies, we may not think that all of these assets relate to particular financial markets. And what is a financial market, anyway?

InvestLite: Short term investments. What are they?

Short term investments are very popular financial instruments today, which attract both novice and advanced investors. The special appeal of short-term investments...

FP Markets information and reviews
FP Markets
81%
IronFX information and reviews
IronFX
77%
T4Trade information and reviews
T4Trade
76%
Just2Trade information and reviews
Just2Trade
76%
FXNovus information and reviews
FXNovus
75%
Riverquode information and reviews
Riverquode
75%

© 2006-2025 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.