How to open a real trading account? Real account for trading on Forex How to open an account on the Forex club

Hello dear friends! I'm sure most of you want to learn how to trade and take no chances wherein big money. A demo account does not help everyone in this matter, it affects psychological component- on a subconscious level, the trader will understand that he does not risk real money and treats trading without unnecessary emotions. Forex cent account solves this problem. You will immediately start working with real money, you will be able to comply with the most stringent money management but you won't have to spend a lot of money to open it.

Today we will pay attention not only to the advantages of a cent account compared to trading with virtual money. The question of choosing a broker with which it is better to open a cent account will be raised, so make yourself comfortable and join the review.

Cent account or demo trading

Some brokers emphasize that they open a demo account completely free of charge and " gives several thousand dollars on it. This is nothing more than a marketing ploy: working on a training account, you are dealing with virtual money. This balance is just numbers in the trading terminal, you will not be able to withdraw them.

Technically, demo trading is no different from working with real currency. Transactions are concluded in the same way, the terminal is the same, you can try out a trading strategy or an adviser and do not risk real money. The site has a separate one, read it if you haven't already done so.

But important for beginners emotions. And you won’t get them by working with virtual money. Is it possible to feel the risk when you know that in case of failure through your personal account, you can replenish your account for any amount without spending a single dollar at the same time?

Benefits of working with a cent account

The main advantage is the ability to manage money on any strategy or Expert Advisor with costs less than $100. Each cent in the terminal will be displayed as $1, hence the name of this account type. If $20 is deposited, the balance in the terminal will be $2000. This does not mean that the broker, out of the kindness of the soul, increased your money 100 times: the capital grew only virtually. But this is an effective psychological trick - although the trader knows that his capital is small, but the terminal displays two orders of magnitude larger amounts.

There are several advantages to this approach:

Can try out the TS or advisor with any money management and you don’t have to invest a lot of money in the market;
A trader gets used to working with large amounts. When switching to a regular account, there will be no fear of entering into transactions due to the increased volume;
If the strategy or adviser involves the use martingale, a cent account provides a greater margin of safety compared to a regular dollar account.

Serious deficiencies this type of account No. There are differences in terms of trading, for example, fewer instruments are available on a cent account, the execution of orders is slightly slower, the bonus policy may not apply to this type of account. But these features are not critical. The video below compares different account types.

Comparison of cent and dollar account

If you are faced with the question of opening a cent account or a regular one, I recommend relying on trading experience, psychological and financial capabilities. In the case when your ceiling is $100-200 and there is no trading experience, a cent account is an ideal choice.

If we compare it with a regular dollar account, the main difference lies in the pip price. This directly follows from the fact that on a cent account, each cent corresponds to 1 dollar in the terminal.

We will study the differences between types of accounts using the example of a broker Forex4You . For a regular account, the minimum lot size is 0.01; for the EURUSD currency pair, the pip price is $0.1.

For a cent account, the minimum lot is also 0.01. But in the account currency, the pip value will be only 0.1 cents or $0.001.

For a lot of 0.5 and a loss of 100 points, the losses will be:

On the dollar account will be $500 .
On the cent – $5 .

This is the main difference between standard and cent accounts. It is problematic to measure the difference in the execution of requests, moreover, in most cases, the difference in tenths of a second does not play a role.

Opening a cent account on the example of the broker Exness

Many Forex brokers offer to open cent accounts, but I recommend already at this stage choose a company responsibly. It's easier to register with reliable broker. And then, when you gain experience, you won’t have to waste time searching, registering and verifying again.

I gave Exness as an example not by chance. It has some of the lowest spreads in the industry and virtually no slippage. This company - great choice for experienced traders, here you can start with a cent account, gain experience and then migrate to a classic account, continuing to work with a larger amount.

Registration instructions look like this:

On the Exnes website in the Trade tab, select the item " Open an account»
A window will appear with a list of available accounts. There are 2 types of accounts for MT5 − Mini and Classic. Switch to MT4 and we see in the list of available, in addition to the classic, mini and ECN accounts, also Cent. In the same section, in the upper right corner, you can download the trading terminal. To do this, click on MetaTrader4 and download the trading platform
After clicking on " Open account» the registration form appears. It contains a mobile phone number, email, password
Next stage - verification of mobile phone number and email
General information– after verifying the number and email is entered Full name, Date of Birth. The trader confirms that he is neither a citizen nor a resident of the United States
Security Settings- here SMS or email is selected. SMS is a more reliable option
Personal information- indicates the current address of residence, passport data. When filling out the form, indicate only the real address of residence, it must be confirmed when verifying data
Now opens directly trading account. To open a cent account, switch to the MetaTrader 4 trading platform. When registering an account, the leverage is available in the range up to 1:2000 There are other currencies besides the dollar. Passwords wherein I recommend keeping it separate., they are not sent to email for security reasons

This completes the account registration, you can proceed to replenish it and start trading. An email arrives with the trading account number and the server. It must be selected when launching MetaTrader 4.

In the terminal, compared to working on a classic account, nothing changes at all. Only in the names of currency pairs is added the letter " c”, which indicates the type of account.

New account opening and verification

When you want to open another account with this broker in the future, no need to re-register. All open accounts are displayed in your personal account, to create a new one, just click " Open a new trading account”, select its type and set the details (leverage, currency).

Even if you are not going to deposit a large amount yet, I recommend do not delay verification. In most cases, this process does not cause problems, but sometimes there are delays, and it is better to be safe by going through it right away.

As for other brokers, in general terms, the registration process remains the same. It has been posted before, I highly recommend you check it out.

Start your trading journey with Exness

Where to open a real account and start trading

Below I will give a brief description of 3 brokers with which it is quite possible to earn good money. A full description of each of them can be found on the website.

Exness

The company clearly relies not only on beginners, but also on professional traders. In terms of trading conditions, it competes with top brokers.

From strengths I note:

Due to the support of cent accounts, the broker suitable for beginners.

Open an account with Exness

Just2Trade

Relatively recently Finam bought Just2Trade, now this company has become a real European broker and operates in more than 40 countries around the world. Although the registration of the company is offshore, but it belongs to the category reliable.

Key facts about the broker:

cent accounts him No;
The most favorable conditions for working with shares, a small commission + a single account (here it is called MMA), providing access to global platforms. The broker cooperates with local exchanges, which made this possible;
Finam calls it a child structure, this automatically makes trading as reliable as possible;
You can start working with shares from as little as $200 is the minimum possible entry threshold for the stock market.

I would call the company station wagon". On the one hand, there is no concentration only on Forex, on the other hand, the entry threshold has been reduced to a minimum, and even a beginner will be able to work with stocks. Thanks to cooperation with regional exchanges, it allows you to work with papers that most other companies do not have. The fact that it will not work to open a microaccount here, I would not put it as a disadvantage.

Open a brokerage account for investment

fxpro

The company does not interfere with trading and does not create difficulties for clients with the withdrawal of earnings. In terms of trading conditions, it is somewhat inferior to Exness. Of the features I note:

On the market for over 10 years;
Regulated CySEC, FCA, there is also an African regulator FSB;
In addition to MT4, there are web platform and cTrader;
No PAMMs, instead there is a SuperTrader service. It selects a strategy and then your money is managed by a robot that trades on this TS. The same PAMM, but an advisor works instead of a real manager;
There is FxPro Quant is a service for creating trading robots.

Otherwise, the company stands out from the competition with very low spreads and minimal slippage, so FXPro recommend to work.

Open an account with a reliable broker FxPro

conclusions

Brokers with cent accounts are not uncommon, this is a good method of attracting clients, so companies are willing to adopt it. For a trader, this is a great opportunity to feel the right emotions with minimal financial losses. For this reason I would recommend considering a cent account as a full-fledged replacement for a demo account.

I'm convinced it's better to spend $10-$20 and open your first real account(albeit a cent), and then switch to a classic or Pro-account, rather than trading virtual dollars for months. I personally know several people who are stuck in the virtual trading stage, they constantly postpone the transition to real money. Cent Accounts Avoid This Trap.

As for the recommended brokers, I personally experienced all the companies listed above. That's the only reason I recommend them to you. On this note, I end the review, I hope you listen to my arguments. If you disagree or have questions- necessarily write about it in the comments, And we discuss controversial points.

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Thanks to the service of dealing centers "leverage", traders have the opportunity to trade, starting with small amounts, for example, from a few tens of dollars. It also made it possible to divide the classic Forex account into standard, mini, micro and demo accounts. In order to open a trading account, you must first decide which of these types is most suitable at the moment.

Demo accounts, unlike cash accounts, are more often used by traders to learn or test trading strategies. Demo Forex account differs from regular trading accounts only by the virtuality of the cash deposit. That is, the money on these accounts is not real, and you can lose it as much as you like, which is good for learning, but not very good for developing trading skills. The fact is that the long practice of trading on a demo Forex account quickly becomes boring, and, having not decided to open a real account, the trader slowly leaves the desire to learn how to trade and earn money on Forex. Trading on a demo Forex account brings just as much pleasure as playing poker on candy wrappers.

It was in order to attract more traders that a micro Forex account was developed, on which trading is carried out for cents. The amounts on it are small enough so that, after a big loss, not to discourage all the desire to continue trading, and real enough to increase interest in currency speculation. Having mastered the micro account, self-confidence appears, and you can move on to a mini or even standard Forex account.

Mini Forex account is between micro and standard trading account. If it is better to start trading on a standard account with a few thousand dollars, then a mini account allows you to operate with smaller amounts, but not cents, as it was on the micro version.

In order to open a Forex account, everyone will be asked to read the risk warnings, terms and conditions and rules of interaction with the dealing center. Despite the large number of brokers, the procedure for opening an account is the same for most. Forex account will be opened automatically after filling in all the required fields of the registration form, after which it will be possible to make an initial deposit, the minimum of which is set by the broker, or indicate the desired amount on the balance in case of opening a demo account.

Unlike cash accounts, demo accounts are opened directly in the trading terminal, and not on the broker's website. This makes it possible to open a new account every time the balance on the old one ends or open them in parallel. In order to open a demo Forex account, just select the "open a new account" item in the menu of the MetaTrader4 terminal and fill in the required form fields, after which the server will automatically generate a password for the account. After that, the account can be used immediately. The loss of several virtual trading accounts does not threaten anything, just like the parallel opening of several accounts.

from www.forexarena.ru / Forex Arena

No matter how long a trader works on a demo account, his formation in Forex begins only after a real account is opened.

It is on it that strategies are tested, there is an experience of overcoming the most difficult problem - one's own psychology.

Now it is easy to open a real Forex account, because. many brokers offer dealer services.

Read the article today:

Registration and opening of a personal account

The first step is very important, but despite this it will take no more than a couple of minutes. You will need to fill out a personal questionnaire, where you will need to enter:

First and last name. When filling out, you must provide real data. In the event of misunderstandings, it is much easier to prove one's case if one does not first have to prove that "I am I."

Date of birth. Persons under the age of 18 are not allowed to trade on the stock exchange.

Citizenship. It is necessary to avoid problems in matters of taxation. According to the law, a broker can act as a tax agent. Citizens of the Russian Federation have no problems with taxation, although Russian legislators have recently turned their attention to the foreign exchange market.

Email address. The easiest way to send company news and confirm registration.

Phone number. This requirement is quite justified, a phone call is the most efficient way to resolve issues. With its help, the trader has the opportunity to open or close an order in case of problems with the Internet.

To complete the registration, you will need to enter the code that will be sent to your phone or email address. After entering your personal account, you must go through the verification procedure in order to avoid trouble if your registration data gets to third parties.

Before opening a real Forex account, you need to read the terms of the client agreement. It contains information that will help you not to make mistakes and not to make unreasonable claims against the broker in the future.

Open an account with Gerchik & Co

And trade Forex with the best conditions!

Refill

After registering in your personal account, the option to replenish your account will be available. Forex brokers offer dozens of options, including e-wallets, plastic cards and bank transfers. Here you can also see how many percent the intermediary commission for the transfer will be.

Usually, a real account opened on Forex is replenished with a commission from 0.5 to 4%, which is taken by the payment system or the bank. The broker does not collect interest from the transfer, he earns on the provision of intermediary services and the difference between the purchase and sale prices when making trading operations - the spread.

The choice of payment method largely depends on the country of residence and the individual preferences of the investor. It will be more convenient for Russians to use a Sberbank card account or Yandex.Money, for Ukrainians - the WebMoney settlement system, the rest - choose the most suitable options for them, discussing these issues with the broker's technical support.

After the transfer of funds, you need to open a trading account in your personal account. To do this, select its type and currency. The details will contain the server address for the Metatrader program, login and password.

Trading terminal

This is where 90% of a trader's work takes place. The Metatrader 4 trading terminal allows you to work both on demo and in real life. To get started, you need to follow a few simple steps:

1. Install the program. If you already have a terminal from another broker, you should not use it. Each broker optimizes the software for its server for stable receipt of quotes.

Have you already installed the MetaTrader 4 trading terminal?

If not, do it right now!

2. Open the menu. Service - Settings. A pop-up window will appear with Settings. In it you need to select a server, enter a username and password. Press the "OK" button.

A trading terminal will appear, ready to work with real money. In the tab "Trade" you can see the balance. Do not be afraid if at the first opening it will be zero. It usually takes a while for the broker to transfer the funds. But it rarely takes more than 1 hour.

The whole procedure of opening a real Forex account will take no more than one hour. Ultimately, it is real money that brings real money and allows the investor to realize his potential in practice.

You will learn more about how to set up MT4 below.

Good to know:

Connect "Risk-Manager"

And trade Forex profitably!

One of the main factors influencing the success of work in the Forex market, without a doubt, is the right choice of a forex broker. After all, a brokerage company (or dealing center) is not only an organization that provides intermediary services to traders who want to trade on the foreign exchange market, although this function is one of the main ones in the activity of a DC. In addition, a good broker will teach you, if you are a beginner, many important things, without which you simply cannot run this business. He will provide all the data necessary for work, share the forecasts of leading market analysts, etc. In a word, he will take care of you like a “mother”, not forgetting, of course, about his own benefit.

The brokerage army is quite numerous, but, as you understand, there is a difference between a broker and a broker. In order to make it easier for you to choose, we will introduce you to its most reliable representatives. Today, for example, we will talk about a bookmaker called Forex Club.

Dealing Center Forex Club is by no means a newcomer to the foreign exchange market. Last year, 2017, the broker celebrated the twentieth anniversary of its activity, and such a period in our reality says a lot. By "our realities" we mean the difficult conditions in which this area of business has to develop in the post-Soviet space. So this company is rightfully considered a serious player in its niche.

About 2 years ago, a law came into force in Russia that amends the regulation of the Forex market, and the DC we are considering, in accordance with the requirements of the new law, was one of the first to receive a license from the Central Bank of the Russian Federation for the right to engage in brokerage activities, and also became a member of the NAFD ( self-regulatory organization, formerly CRFIN).

Since its inception, the broker has paid much attention to the development of Internet trading technologies, and it operates not only at home, but also develops foreign markets. Proof of this is the presence of more than a hundred offices around the world - from European countries and the United States and ending with Asian and Latin American states. As for user reviews, they are mostly reservedly positive, although there are extremes - from harsh criticism to enthusiastic praise.

The offered range of trading instruments is quite wide (metals, oil, currency pairs, stocks, indices, gas, commodities), it includes more than 120 items, including digital currencies. The current prices for the main assets can be found on the main page of the official resource of the bookmaker, they are constantly changing, reflecting the current situation, although it cannot be said that it is very accurate.

But do not rush to start trading without reading the terms of the contract in detail. To access this document, you need to go to the url that becomes available when you open a live trading account. That is, first click on “start trading”, then follow the link to open a trading account and go down to the footer of the questionnaire. There you will find a link to the contract, and already in the contract itself you will find many interesting features, starting with the procedure for issuing orders and ending with the responsibility of the parties, including the prospect of considering and satisfying your claims.

There are no particular problems with registration, but it requires the user to enter detailed personal data, which not everyone likes. But on the other hand, the process is fast, you will receive confirmation by mail almost instantly.

Immediately after registration, you will automatically have access to one of the DC trading platforms - Libertex. We will return to this platform and tell you about its features, but, you see, the very fact that you do not have to open an account to start working on this site is a pleasant moment.

You, of course, can not be limited only to this opportunity and open additional accounts using the appropriate function in your PA (Personal Account). But keep in mind that you can open any account only after specifying the details of the passport (series, number). Without this data, the most you can hope for is the ability to simply browse the site.

The good news is that the company does not set any restrictions on the minimum deposit. That is, trade is available, practically, to everyone. Of course, there must be some funds on the deposit, at least a dollar.

Accounts here by type, strictly speaking, are not separated. It all depends, first of all, on the trading platform you have chosen and the status assigned to you, which, in turn, depends on how much money is in your account:

Silver status. It is assigned immediately after registration, when there is not a penny on your account yet. And you will have this status until the funds on your balance exceed $500. This user has access to all trading instruments. He can use any trading system at his own discretion, but far from all additional opportunities are open to him, their list is strictly limited.
Gold status. To get this status, you need to have on your account from 500 to 5000 dollars. Users who have reached this level have the opportunity to use Trading Central, which allows them to make fairly accurate forecasts about the price movement of an asset.
Platinum status. Here, the deposit amount must be at least $5,000, and the upper limit is $50,000. For such clients, an indicator of market sentiment becomes available, and they can also open a deposit in dollars, the interest from which will “drop” on the deposit. But that's not all. The broker has such an interesting thing as “Ready Solutions”, access to which is also available to users with Platinum status.
Diamond status. Assigned to clients with a deposit of $50,000 to $500,000. Correspond to the amount of the deposit and the opportunities provided - you can have a personal assistant, a dealer and a chief analyst will be in direct contact with you, VIP support of the Academy is available and a number of other attractive offers.
Exclusive status. If your balance exceeds half a million dollars, and you receive this status, then in addition to the availability of all the above preferences, you will also be able to qualify for individual trading conditions. These conditions are not advertised, you can get information about them from a specialist by pre-ordering a consultation with him.

The amount required to obtain the status is calculated for all available accounts. They lower and raise the status automatically, depending on whether the total amount of money on your balance has increased or decreased. The idea of statuses has proven to be a good motivator for traders, but it is believed that once you reach Platinum status, you can trade normally.

BC Forex Club really provides its clients with a fairly wide range of trading platforms (MetaTrader4, MetaTrader5, StartFX, Rumus and Libertex), but I would like to pay attention to Libertex, as it stands out from the general classic series with its originality.

This platform was developed by Forex Club itself. It was launched in 2015 and surprised with its unusual concept. This trading platform combines the maximum awareness of trading participants about the real situation on the market with amazing ease of operation. The terminal interface, thanks to the optimization, has lost unnecessary visual congestion, which served as a good basis for reducing time.

The Libertex platform has its own characteristics, in which there are both positive and negative sides, and we will try to present them to you:

Firstly, the terminal has only a browser version. This is both good and not so good. Well, because in this format, the speed of the terminal's response increases significantly. But at the same time, there can be no question of installing applications and programming advisers.
The second plus is the intuitive interface. But it is surprising that the toolkit is designed, rather, for professional traders, and not for average users, who, in principle, are in the majority.
There is no usual leverage, but there is a certain multiplier, which is applied not to the total amount of the deposit, but only to the investment component.
Very original terminology is proposed, which in some cases is puzzling, although, according to the authors' intention, it is intended to make it easier for beginners to understand the trading process.
There is no concept of spread, and there is no concept of equity either. The developers decided that it would be difficult for a novice trader to understand the concepts of the ask price and the offer price and decided to combine everything into one price. Therefore, the commission is charged from an open transaction, but the percentage of the commission “floats” depending on the market situation.

All this is somewhat reminiscent of binary options trading platforms. There is an opportunity to earn passively by investing in investment portfolios developed by DC analysts, to form a portfolio at your own peril and risk, or simply to entrust money to one of the managers.

The platform presents for trading more than four dozen pairs of currencies, bitcoin and Litecoin, metals and CFDs. The commission starts from 0.03%, and the leverage or multiplier is a maximum of 1:500, and in the mobile version format 1:200. Investments in currency pairs start at $10.

Another advantage of the platform is the built-in training course of 30 lessons. In most cases, this site is reviewed positively, and due to a certain uniqueness, in general, there is nothing to compare it with.

We note right away that the reviews about the work of this broker are mostly positive. Without much enthusiasm, however, the picture is in favor of the company. And experts note much more pluses in her work than shortcomings.

So, about the good:

the brokerage company does not set a minimum deposit amount;
clients have access to several trading terminals and, as a result, several types of accounts;
a good help in work for novice traders are the "ready-made solutions" provided by the DC;
favorable partnership conditions, interest on the deposit;
real funds are easy to separate from virtual ones, thanks to a separate bonus account;
the Forex Club dealing center became the basis for the creation of the "International Academy of Investments and Trading".

And now for the cons, which are very few:

many do not like the company's too close attention to the identity of its customers, in other words, users are unhappy with the requirement to provide too detailed personal data during registration;
connecting to the "Trading Systems" is not cheap, which is also not liked by customers.

We have briefly described to you one of the oldest brokers in the post-Soviet market. This brokerage house has a long and interesting history, interesting from the point of view of the formation and development of such companies in countries where, relatively recently, this market did not exist at all.

All the steps of the Forex Club were aimed at the development of the DC, at the recognition and correction of the mistakes made, at the creation of a high-quality service for online trading, which would not be inferior to foreign analogues.

How the team managed to realize their ambitious plans is up to you to judge. But you can only judge this on the basis of your own experience. So join Forex Club, which, judging by the perseverance and responsibility of its team, will exist for more than one year, and may good luck accompany you.

A cent account is a type of trading account with a Forex broker whose unit of measurement is a cent.

Forex cent account serves as one of the basic platforms for training novice traders. This is due to the low risks in trading and the chance of losing an acceptable amount of money by a trader with any income level. Opening a cent account is no different from opening a classic trading account with a broker.

The display of a cent account in the terminal differs from the display of a classic trading deposit. For example, you deposited $30 to your account. Since the unit of measurement is cents, when replenishing a cent trading deposit, your balance in the trading platform will be displayed as 3000s.

What happens to the volume of a trading position? The volume of a trading position does not change, so even novice traders can easily figure out how to set a safe position volume for trading on the Forex currency exchange.

It is best to start testing simple strategies in the foreign exchange market with a cent account. , in trading currency pairs on a cent account, are an attractive opportunity for a novice trader to start making money.

5 Benefits of a Cent Account

Forex cent account has a number of advantages in trading for dummies or beginners on the stock exchange. We suggest you familiarize yourself with the 5 main advantages of a cent account:

Small amount of trading deposit.
Low risks.
Little chance of losing a trading account.
Real emotions in trading. This is not a demo account on the exchange.
The loss of a cent account will not affect the financial well-being of a trader in any way.

A cent account has significant advantages over a demo account. Unfortunately, using a cent account on the Forex exchange has its drawbacks.

3 disadvantages of cent accounts on the exchange

What are the disadvantages of cent accounts in Forex? Cent accounts have the following 3 disadvantages for a novice trader:

Little profitability.
Emotions are real, but still far from the emotions on classic accounts with a broker.
Irresponsibility due to the lack of fear of losing a small trading deposit.

The disadvantages of a cent account should not be an obstacle for a novice trader to receive training in the real foreign exchange market.

Learning to trade in the real market

Despite all the shortcomings, if a novice trader is serious about trading, with the help of a cent account in Forex, you will have a real opportunity to get practice in real conditions. You should save every cent like $10 or $100.

You should be happy with every penny earned when a Take Profit order is triggered. You need to keep the cold calculation of cent account trading and eventually transform it into a classic account dominated by much higher amounts of money.

You should not have a choice: a demo account or a cent account in Forex. For a full-fledged training in trading currency pairs on the stock exchange, it is recommended to use a cent account right away. Such a step will allow you to conduct high-quality training “in real combat” and does not carry a large potential risk for you due to the small amount of the trading deposit.

How to open a Forex cent account with a broker

Not all brokers provide the opportunity to open a cent Forex account, so you should familiarize yourself with the trading conditions on the website of the broker you are inclined to open a trading deposit for playing on the stock exchange.