Cent account
An account denominated in cents, so balances and lot values are 100 times smaller. It is useful for testing a strategy with real money at tiny size.
Related terms
Nano lot
100 units of the base currency. Only some brokers offer it,…
Demo account
A practice account with virtual money. Use it to learn a platform…
Balance
Your account value from closed trades, deposits and withdrawals,…
Broker
The firm that gives you access to the market, holds your funds and…
Commission
A fixed fee per lot charged by some account types, usually…
Contract for difference (CFD)
A derivative that pays the difference in an asset’s price between…