Trading 5 Lots on a Cent Account, TP 15, How much is the profit?

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karsaforex
23 Oct 2015, 03:46 4,622 Views
I want to ask, if I trade in a cent account, for example, if I open a buy or sell position on EURUSD with a lot size of 5, how much profit would I make if it reaches 15 pips? I trade on FBS.

3 Answer

R
rachmat 23 Oct 2015, 08:28

To Karsaforex...

In a cent FBS account, a lot of 0.01 has a contract size of 10 (or equivalent to $0.001)
If you trade with a lot of 0.1, the contract size is 100 (or equivalent to $0.01)
If you trade with a lot of 1, the contract size is 1000 (or equivalent to $0.10)
If you trade with a lot of 5, the contract size is 5000 (or equivalent to $0.50)

if you profit 15 pips x $0.50 = the value is approximately $7.5.

Thanks

L
loli 04 Nov 2015, 20:14

what is the difference between a cent account & a regular account?

R
rachmat 05 Nov 2015, 14:06

For Loli ..

There is no difference with other accounts, except only in the value. If you open a cent account with a capital of $10, in the balance the value can be 1000 usdc/ 10 usd. and the value of 0.01 lot can be $0.001 or $0.01. This type of cent account is good for beginners, or those with limited capital.

Thanks.

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