IC Markets
LiteFinance Cent Account: $10 Start, Micro Lots and Eligible Countries
LiteFinance's Cent account trades micro lots with a contract size of $1,000, starts from a $10 deposit and shows balances in cents. It is only offered to clients from a list of countries, including Bangladesh, Indonesia, Nigeria and Vietnam. Here is how it works and who it suits.
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LiteFinance's Cent account is built for traders moving from a demo to real money. Its contract size is $1,000 rather than $100,000, so a lot on a Cent account is a hundredth of a standard lot, and the balance is shown in US or euro cents. LiteFinance says it gives a better feel for the psychology of trading, since real money is at stake, while keeping risk small. The minimum deposit is $10.
Unlike ECN and Classic, Cent is only available to clients from certain countries.
| Minimum deposit | $10 |
|---|---|
| Contract size | 1,000 (micro lots) |
| Currency | USD cents or EUR cents |
| Spread | From 3 points, no commission |
| Leverage | Up to 1:1000 |
| Margin call / stop out | 100% / 50% |
Who can open one
LiteFinance lists Afghanistan, Algeria, Bangladesh, Belarus, Brunei, Ghana, Indonesia, Iran, Kenya, Laos, Malaysia, Morocco, Myanmar, Nigeria, the Philippines, Qatar, Russia, Singapore, South Africa, Tanzania, Thailand, Trinidad and Tobago, Ukraine and Vietnam, and says Cent accounts are also available on request through its representatives. Note that LiteFinance Global LLC doesn't serve some of these, such as Russia, under its own restrictions; check what's offered when you register.
How cent lots work
| Cent trade | Equivalent standard size | Value per pip (EUR/USD) |
|---|---|---|
| 0.01 lot | 0.0001 standard lot | About 0.1 US cent |
| 1 lot | 0.01 standard lot | About 10 US cents |
| 10 lots | 0.10 standard lot | About $1 |
A $10 deposit shows as 1,000 US cents, and positions are sized in micro lots with a $1,000 contract.
Full conditions
| Condition | Cent |
|---|---|
| Platforms | MT4, MT5 |
| Lots | 0.01 to 100 |
| Max orders | 300 |
| Execution | Market |
| Islamic | Available |
| Copy trading | Available |
LiteFinance's swap-free account table lists leverage up to 1:500 for swap-free Cent accounts, while its main account table shows up to 1:1000 for Cent; check the options when you open one.
The 50% stop out
Cent accounts stop out at 50%, compared with 20% on ECN and Classic. Positions close once equity falls to half the margin in use, which leaves less room for a losing trade to recover. With a small balance and high leverage available, size trades carefully. Our LiteFinance stop out guide explains the levels.
What to use it for
- Moving from demo to real money with very small risk.
- Testing an EA or strategy with real fills.
- Learning how emotions change when money is real.
- Trading in an eligible country with a very small budget.
Costs
Cent accounts carry no commission; the cost is the floating spread from 3 points, which is wider than Classic's 1.8. On very small trades the difference is a few cents, but it matters if you trade often. Remember that LiteFinance's inactivity fee of $10 every 30 days after three months without trading applies to dormant accounts too. Our LiteFinance fees guide covers it.
A $10 Cent account left untouched for months can be emptied by inactivity fees. Close or use dormant accounts.
Moving up
When your results are consistent, open a Classic or ECN account in the same Client Profile and transfer funds internally. Keep the same risk per trade in dollar terms at first. Our LiteFinance account types guide compares them.
Cent vs demo
A demo uses virtual money and expires after 45 days unless you log in through MetaTrader. Meanwhile, a Cent account uses real money, with real fills, and keeps going as long as you trade. The real-money element is what makes it valuable: trading psychology changes the moment losses are real, even at a few cents.
Use the demo to learn the platform and a strategy's mechanics, then a Cent account to test if you can follow the strategy with money at stake.
Copy trading from a Cent account
LiteFinance lists copy trading as available on Cent accounts. Copying with a small balance is possible, but watch the 'fixed share of my equity' copy type: volumes below 0.01 lot are rounded up, which can make positions too large for a small account and lead to a quick stop out.
Building good habits on Cent
The Cent account's biggest value is the habits it builds. Set a stop on every trade, decide your maximum loss per trade before you open it, and keep a journal. Those habits matter far more than the profit or loss on a few dollars, and they carry over unchanged when you move to a larger account.
Review your journal monthly. If you are following your rules and the results are steady, it is time to consider moving up; if not, stay on Cent until they are.
Costs on a Cent account
Because the spread starts at 3 points, costs as a share of each trade are higher than on ECN. That doesn't matter much while you are learning, but it is another reason not to stay on Cent longer than you need once your strategy is proven.
Is a Cent account right for you?
A Cent account suits you if you're new to real-money trading, live in an eligible country and want to keep risk to a few dollars while you learn. It suits you less if you already trade profitably on a demo with a sizeable planned deposit, in which case an ECN account with small positions gives lower costs and more markets.
Cent accounts also let you compare a live strategy with its demo version, since both run on MT4 or MT5 with the same tools.
LiteFinance's Cent account is excellent for the countries it covers. Just remember the 50% stop out and the inactivity fee: a small account can disappear quickly through either.
Rafiq opened a LiteFinance Cent account with $15, shown as 1,500 US cents. He traded 1-lot cent positions on EUR/USD, about 10 US cents a pip, with 20-pip stops. After two months he moved to an ECN account with $200.
Frequently asked
What is the LiteFinance Cent account?
An account with a $1,000 contract size and balances in cents, starting from a $10 deposit.
Who can open a LiteFinance Cent account?
Clients from listed countries, including Bangladesh, Indonesia, Malaysia, Nigeria, the Philippines, Thailand and Vietnam, or on request through representatives.
What is the Cent account stop out?
50%, with a margin call at 100%.
Does the LiteFinance Cent account charge commission?
No. Its cost is a floating spread from 3 points.
What leverage does the Cent account offer?
LiteFinance's account table lists up to 1:1000; its swap-free Cent table lists up to 1:500.
Can I copy traders from a Cent account?
Yes. LiteFinance lists copy trading as available on Cent accounts.
Is the LiteFinance Cent account better than a demo?
It uses real money, so it shows how you trade under real pressure; a demo is better for learning the platform.
Does the inactivity fee apply to Cent accounts?
LiteFinance's inactivity fee applies to dormant accounts after three months without activity.
How do I open a LiteFinance Cent account?
In the Client Profile's Metatrader section, click Open account and choose Cent, if it is offered in your country.
What is the Cent contract size?
1,000 units, a hundredth of a standard lot.
Can I trade crypto on a LiteFinance Cent account?
LiteFinance's swap-free Cent table lists crypto among available markets; check the instruments in your account.
Does the LiteFinance Cent account offer swap-free?
Yes. LiteFinance lists Islamic accounts as available on Cent.
Can I use EAs on a LiteFinance Cent account?
Yes. Cent accounts run on MT4 and MT5, which support Expert Advisors.
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