Cent account helps small traders to enter the Forex market and start trading with low balance. Traders can start trading with 10 USD! By trading with cent account the 10 USD will be 100,00 cents, this means the 0.01 lots are 0.0001 with a standard account.

The profit in cent account will be equivalent to cents, that means 50 USC profit is 0.50 USD.

For small traders this can be a long term profitable strategy to start with.

However, the downside of cent accounts is the large spread.

Not all brokers offer cent accounts. I tried some brokers that offer cent accounts can be found here.