BDSwiss Cent Account

BDSwiss Cent Account

BDSwiss is a global Forex and CFD (Contract for Difference) broker based in Cyprus. The company was founded in 2012. BDSwiss is authorized and regulated by the Financial Services Authority of Seychelles. 

The broker provides financial services globally and offers various trading platforms and multiple account types to meet the needs of different traders. Clients of BDSwiss have access to trading various asset classes, such as:

  • Forex
  • Commodities
  • Indices
  • Cryptocurrencies
  • Shares as CFDs

BDSwiss also offers various account types, including a Cent account to its customers. In this article, we’ll learn the benefits of opening this account type, its limitations, and compare the account to other account types offered by the company. 

Why traders should consider opening the Cent account

The Cent account offered by BDSwiss enables traders to fund their accounts with as little as 10 USD. In addition, traders are able to trade using smaller position sizes. The Cent account can be useful in a number of different ways: 

  • The Cent account can be used for learning about the broker and its policies by depositing small amounts of money to your trading account. Typically, traders use demo accounts for this purpose, however, live accounts offer more precise spreads and commissions.
  • The account can be used to test trading strategies. As traders can gain experience in a live trading environment with lower financial risks. The account type enables you to understand how Forex markets work and test different approaches. 
  • The Cent account helps beginner traders experience true emotions. Typically, demo trading accounts are used by beginners to learn how to use trading platforms, create trading strategies, and test and upgrade them. However, demo accounts fail to prepare traders for handling human emotions as when trading demo, real money is not at risk. The Cent account is a logical next step for transitioning from demo to live trading. It’s better for traders to experience greed, fear, hope, and the desire to revenge trade on Cent accounts with low amounts of capital at risk. 
  • It’s best for testing trading algorithms in a live environment. These algorithms enter and exit trades automatically based on predetermined instructions written in their code. Typically, trading algorithms are tested on demo accounts, however, live trading accounts are more precise. As already mentioned earlier, live account spreads are real and give traders a proper expectation of their potential performance. 

Cent account vs other account types

In addition to the Cent account, BDSwiss offers Classic, VIP, and Raw account types to its clients. Let’s take a look at the comparison table below:

Account ComparisonCentClassicVIPRaw
Minimum Deposit10 USD10 USD500 USD500 USD
Average spread on Euro vs USD1.5 pips1.5 pips1.1 pips0.3 pips
Available leverageUp to 1:500Up to 1:500Up to 1:500Up to 1:500
Available AssetsForex CFDs, Commodities CFDsForex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDsForex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDsForex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs, Cryptocurrencies CFDs
Commissions per round$0 on all pairs

$0 on all pairs

$2 on indices

& 0.15% on shares

$0 on all pairs

$0 on indices

& 0.15% on shares

$5 on all pairs

$5 on commodities

$2 on indices

& 0.15% on shares

Margin Call at50% margin level50% margin level50% margin level50% margin level
Stop Out at20% margin level20% margin level20% margin level20% margin level
Instant WithdrawalsYesYesYesYes
$0 Fees on Deposits & CC WithdrawalsYesYesYesYes
PlatformsWebTrader, Mobile App and MetaTrader 4

WebTrader, Mobile App,

MetaTrader 4, MetaTrader 5

WebTrader, Mobile App,

MetaTrader 4, MetaTrader 5

WebTrader, Mobile App,

MetaTrader 4, MetaTrader 5

Trading AlertsLimited AccessLimited AccessVIP AccessVIP Access
Autochartist Performance StatsRequires over 500 USD depositRequires over 500 USD depositavailableavailable
Personal Account ManagerRequires over 1000 USD depositRequires over 1000 USD depositavailableavailable
Islamic Account versionYesYesYesNo
VIP WebinarsNoNoYesYes

As you can see from the comparison table, the Cent account is limited compared to other account types. The VIP and Raw accounts have better spreads and better trading conditions overall. However, keep in mind that the Cent account is not built for trading professionally. Its main purpose is to help traders learn trading in a live environment. In addition, even professional traders will find the account useful for developing strategies in a live environment with a low amount of capital being put at risk. 

Key takeaways

To sum everything up, the Cent account offered by BDSwiss is very useful in various ways. The account type helps traders test their strategies live with low capital investment, help improve algorithmic trading strategies, experience live spreads, and help beginners learn how to manage emotions such as greed, fear, hope, and a desire to revenge trade after losing money. On the other hand, the account type has limitations and should not be used for trading large positions. The broker offers VIP and Raw account types that come with better trading conditions than Cent accounts. In addition, MetaTrader 5 is not available for Cent account holders. Overall, the account type is recommended for traders that aim to live-test their strategies and improve their trading skills.