Is Cent account a TRAP?

Beginner Questions
1

Hi Traders

I found some of the brokerages are offering cent account for 5$ capital, But once the customer signs up into their brokerage, The brokerage persons contact the clients and advise them not to trade with the cent account and ask their clients to go for a standard account. Is this a Trap to take off the newbies.

Whats your Opinion about this :slight_smile:

:imp: House Always Win :smiling_imp:

2

Is not a trap. After trading 6 years,I have a lots of accounts with couple of brokers,as well as futures account but 2 weeks ago I was opening a cent account.Right now the cent account suits my needs the best.

3

Hey Algoborg , thank you for your reply… Please say me at which lot size your trading in cent account, And how much you earn , what is the capital.

4

Hi Raswi.

You can find all of this information live if you log in the mql5 community using my direct link to algoborg. Basically from 1 to 50 lot,depends on the present factors as well as market conditions,trading sequence,etc.
About the capital,well still under testing,optimizing phase but the last 12 days brought me a 53% return on my equity which is much better than I expected.
Hope I answered your question!

5

Thank you… Algoborg… You have answered the question… But I didn’t get the answer. :confused:

6

Képernyőfelvétel (4).jpg3286×1080 1.13 MB

7

Better now? You have all the information you were asking shown in the screenshoot. :slight_smile: Hope now you are sorted :smiley:

8

Great … Algoborg… Thank you very much

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