HFM Cent Account – Trading with high risks in the forex market must be balanced with choosing the right broker, ensuring that the funds invested are in the right place. HF Markets ( HFM ) is a reliable, top-class regulated broker, trading using the HFM platform provides opportunities for success in this business.
The trading accounts offered by HFM are very varied, the trading account designs are intended for beginners to professional traders. This time we will discuss the HFM cent account type which is designed for beginner traders. Let’s go deeper here
What is HFM cent account ?
HFM Cent Account refers to a type of cent trading account offered by HFM brokers. The Cent Account is a type of trading account that allows you to trade with cent lots, One Cent lot is equal to 0.01 Standard lot or 1,000 units. For new traders who wish to practise their trading, the Cent account is a fantastic option. Traders with HFM cent accounts are charged no commission and margin requirements are as low as 10 US cents. Additionally, traders also allow swap-free trading on these HFM cent accounts.
HFM spreads for cent account is floating start from 1.2 pips, traders can start trading with a minimum deposit of $1. Traders using HFM cent accounts can trade 50+ currency pairs, including major, minor, and exotic currencies, as well as Gold. Just like other types of HFM accounts, traders can use popular platforms such as Metatrader 4 and Metatrader 5 on this type of cent account.
| CENT | |
|---|---|
| Min. Deposit | $1 |
| Max. Leverage | 1:2000 |
| Trading Instruments | Forex, Metals |
| Spread | from 1.2 pips |
| Commission | No |
| Min. trade size | 0.01 (step 0.01) |
| Size per lot | 1000 unit |
| Execution type | Market |
| Margin Call | 50% |
| Stop Out | 20% |
| Swap Free | Yes |
| Scalping | Allowed |
| Hedging | Allowed |
| Account currency | USC |
| Trading platforms | MetaTrade 4, MetaTrader 5, WebTerminal |
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Traders who want to open a HFM cent account can visit www.hfm.com, before opening a real account at HFM, novice traders are advised to open a risk-free HFM demo account. Read how to open HFM live account guide for your reference
