NZX Cent account is a trading account where the balance and all transactions are shown in cents.
Standard Cent Accounts are ideal for novice traders because they allow the trading of lesser amounts with significantly smaller trading units (cent lots). With a minimum trade size of only 0.01 cent lots, an NZX Cent account is perfect for beginners or those looking to put their strategies to the test with a modest outlay of capital (500 cents or $5).
Getting started with a Cent account is easy, and it only requires a $5 minimum deposit.
Account details:
Tradable products:
With the NZX Cent account you can trade up to 31 instruments:
Advantages of Using a Cent Account
You might be unsure of the purpose of a cent account at first appearance. In light of that, it truly offers a lot of advantages. 🤩
Here are a few benefits of the NZX Cent account:
- Beginner-friendly due to low trading volumes.
- Gets you used to trading with large digits of numbers.
- Minimizes losses due to limits in trading volumes and the number of orders.
Sign up and try it out!