Why Use Cent Accounts?
When going throught the list of trading account providers you will see that many use $10 000 accounts for the Profit Retriever. That is because that is the balance that they are best traded with for Forex instruments. Other instruments such as indices and Gold may even require higher amounts is your account. You should not trade smaller accounts by simply reducing the lot sizing - it will not work.
Furthermore we strongly encourage you to use Portfolios when using the linked account service and not to put all your eggs in 1 basket. This means that you could end up requiring considerable capital if you are trading a number of strategies.
Cent account regard the cents that you have in your trading account as dollars. So $100 suddenly becomes $10 000 when trading a Robot. This makes it possible for traders to create a $100 000 portfolio (10 Profit Retriever strategies) with only $1 000.
Hence the recommendation to use Cent accounts when using this service.
Please read the other sections for more information on where to find cent accounts and other discussions about these accounts
Watch these video for more information
Finding information on Cent account brokers can be tricky.
Here are some sources:
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Information on the Forum
There has been considerable information and discussions in the forum – to view these discussions please use this link:
https://www.forextradingsetups.com/categories
and type in “1c” or “Cent” or similar terms to get some prior discussions
2. Information on the internet
Please use Google and search for “Cent Broker Accounts” and this should provide a list of Cent account brokers
3. Member Cent Account experience
I have personally used InstaForex for cent accounts and have had no problems whatsoever once my documentation was accepted. I have made huge Crypto deposits and withdrawals with no problem. Currently they are giving a 30% bonus on new accounts
https://bestforexrobots.reviews/InstaForex
I have also heard good reports of members using RoboMarkets Cent account.
https://bestforexrobots.reviews/RoboMarkets
4. Member discussions
Hopefully, many members will post their own experiences and cent broker recommendations in the discussion section
https://www.forextradingsetups.com/discussions-regarding-cent-accounts-917013