Forex trading has become increasingly popular in Australia in recent years, with many traders looking for a broker that offers cent trades. Cent trades refer to trading in which the trader can invest small amounts of money in a trade, sometimes as low as one cent. This is particularly attractive to new traders who want to test out their trading strategies without risking too much money. In this article, we will explore which forex brokers offer cent trades in Australia.
Forex brokers that offer cent trades are known as micro account brokers. These brokers allow traders to start trading with small amounts of money, which can be as low as $1. The advantage of micro accounts is that they allow traders to test their trading strategies in real market conditions without risking too much money. This is particularly useful for new traders who are still learning about the market and the different trading strategies.
One of the forex brokers that offer cent trades in Australia is XM. XM is a well-established broker that has been operating in the forex market since 2009. They offer micro accounts with a minimum deposit of $5, and traders can trade with a minimum lot size of 0.01.
Another forex broker that offers cent trades in Australia is FXTM. FXTM is another well-established broker that has been operating since 2011. They offer a range of account types, including a cent account, which allows traders to trade with a minimum lot size of 0.01. The minimum deposit for a cent account is $10.
RoboForex is another forex broker that offers cent trades in Australia. They offer a cent account with a minimum deposit of $10, and traders can trade with a minimum lot size of 0.01. RoboForex also offers a range of other account types, including standard and professional accounts.
HotForex is another popular forex broker that offers cent trades in Australia. They offer a micro account with a minimum deposit of $5, and traders can trade with a minimum lot size of 0.01. HotForex also offers a range of other account types, including a zero-spread account and an auto account.
In conclusion, there are several forex brokers that offer cent trades in Australia. These brokers are ideal for new traders who want to test their trading strategies in real market conditions without risking too much money. Some of the brokers that offer cent trades in Australia include XM, FXTM, RoboForex, and HotForex. It is important to do your research and compare different brokers before choosing the one that is right for you.
