Offshore forex brokerage Forex4you said earlier this week it has revamped its cent account with a new server and change in trading conditions. It has increased the amount of a single trade by 10 times to a maximum 1,000 cent lots (or 10 standard lots).
The broker has also increased to 10 the number of servers used for cent accounts. It has added Jubilee MT4 server – Eglobal-Cent5 server. The move allows for a more stable and reliable trading experience.
Forex4you noted that cent accounts are especially popular among its clients. The broker offers Cent and Cent NDD accounts. Below are the trading conditions for these two account types:
Micro accounts, aka cent accounts, are handled the same way as any other account type with the exception that all their financial parameters, including deposits, profits and losses, are measured in cents. This type of account is suitable for novice traders or traders who want to test new strategies in live trading. Other forex brokers that offer such accounts include Grand Capital, Fibo Group, FxPrivate, Weltrade, and many more.
Forex4you holds a license in the British Virgin Islands by the Financial Services Commission (FSC) and recently obtained a license from the Ministry of Finance (MF) of Luxembourg. The company operates via two brands – Forex4you and Share4you.