Forex Time, or FXTM for short, a "sister" broker of Alpari based in Cyprus, yesterday just launched a breakthrough for its clients: cent accounts. Cent account? Sounds pretty interesting, especially for traders who tend not to want to deal with big risks. A cent account is, of course, an account whose deposit is calculated by cent parameters, not dollars, like a normal account.

For example, let's say you deposit $100 in your cent account. The balance that will appear on your account will then be 10,000 because your $100 was converted ascents. So, using this kind of cent account, a small deposit can seem like a lot.

This cent account may be very suitable for traders who adhere to capital-demanding strategies such as the Martingale method because by using a cent account, traders can test the feasibility of a strategy with calculations like a regular account. And most importantly, if you lose, the loss will not be too big.

There are several interesting things that FXTM offers through this cent account; the first is that there is no minimum deposit requirement. Thus, you can trade even with micro lots (0.01 of a standard lot). Second, the maximum leverage limit is astounding, which is 1:1000. Micro lots with maximum leverage, the combination of these facilities is expected to attract more clients to use FXTM as the broker of choice. However, perhaps, the interested clients are clients with "pockets" that are not so deep.

In truth, FXTM is not the only broker that offers cent account features. Another broker is RoboForex with FixCent feature. FixCent also has no minimum deposit, no commission, and instant execution. And the most popular one is the "NDD cent" account provided by Forex4You. The minimum deposit on Cent NDD is $1, slightly faster execution, and easy trading with micro lots.