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Advantages of using the cent accounts are pretty obvious but here is the list of reasons to open such an account:

  • You plan to deposit only a small amount to test the broker's work.
  • You need a high level of accuracy when setting position size — especially important when trading with a large number of relatively small trades.
  • You want to be able to open tiny positions and still use the power of MetaTrader platform.
  • You want to test an expert advisor in a real account without changing its money management rules and without risking serious money.