Standard account vs Cent account
Look-alike pair
Full entries: Standard account · Cent account.
A standard account and a cent account differ in the unit of account: a standard account records profits, losses, and balances in the base currency (e.g., USD, EUR), while a cent account records them in cents, so each price movement is worth one-hundredth as much. That single difference changes position sizing, risk per trade, and the minimum deposit required.
Side by side
| Standard account | Cent account | |
|---|---|---|
| Unit of account | Base currency (e.g., USD, EUR) | Cents (1/100 of the base currency) |
| Pip value | Standard pip value, e.g., $10 per pip on 1 standard lot | One-hundredth of the standard pip value, e.g., $0.10 per pip on 1 standard lot |
| Minimum deposit | Typically higher, set by the broker | Typically lower, set by the broker |
| Position sizing | Larger capital per trade; risk is measured in full currency units | Smaller capital per trade; risk is measured in cents |
| Field mark | Balance and P&L shown in whole currency units (e.g., $1,000.00) | Balance and P&L shown in cents (e.g., 100,000.00¢ or a cent symbol) |
| Suitability | Traders with larger capital or those who prefer standard lot sizes | Beginners, small-account traders, or those testing strategies with minimal risk |
Which word to use
Use standard account when you are trading with a broker that denominates your balance in the base currency and you are comfortable with standard pip values; use cent account when you want to trade with smaller amounts and have your profits and losses calculated in cents.
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