MT5 Cent

A cent account is a real trading account where the balance and all transactions are displayed in cents rather than dollars or euros. When depositing $20, the terminal displays 2,000 ¢. By market "physics," this is full trading: there are spreads, swaps, slippage, and order execution—everything you would expect on a regular account. The only difference is in the absolute sums, which are smaller, thereby reducing the cost of mistakes. This format is convenient for beginners to practice basic skills and discipline, for traders testing a strategy or an advisor in real execution, and for those who are considering a new broker and want to check spreads, speed, and stability of execution without undue risk. Unlike a demo, real money is involved here, which means there is emotion and responsibility—a key element of any practice.

The main advantage of a cent account is the flexibility in risk management through micro-lots. On EURUSD for a USD account, 0.01 of a lot corresponds to approximately $0.10 per point, and 0.001 of a lot is about $0.01 per point. This allows you to "slice" the position very finely: enter with minimal volume, increase with additional investments, partially fix profits, and carefully scale the strategy. Psychologically, this is also easier: you feel real profits and losses, but their absolute size doesn't pressure you or provoke impulsive decisions. Imagine an account with $25 (2,500 ¢) and a trade of 0.01 lot with a 50-point stop-loss: the potential loss would be about $5, which is already 20% of the deposit, which is quite a lot. With 0.001 lot, the same stop turns into $0.50—only 2% of the account, and such risk management looks reasonable. It is for this precision and forgiveness of mistakes that cent accounts are loved during intensive system debugging and collecting statistics on a large number of trades.

A cent account is not a "quick profit" instrument but a learning and testing environment with a real market and low point cost. A demo account provides a safe sandbox without emotions and often without the "rough edges" of real execution; a cent account is real trading with small amounts of money and the best bridge to a standard account; standard offers the same market conditions, but any mistake is more costly in absolute terms. Moving to a standard account makes sense when a strategy on a cent account consistently shows results, and risk management and psychology behave predictably in different phases of the market.

A cent account is the optimal intermediate step between demo and full trading. It retains the reality of the market but reduces the cost of the experiment: learning, fine-tuning entry/exit rules, debugging robots, and checking the broker "in action" is much safer here. When statistics become stable and risk processes mature, scaling up to a standard account will be natural and without unnecessary stress.

It's necessary to remember that forex is a high-risk market. A cent account reduces absolute losses but does not eliminate market and credit risks. Trade with amounts you can afford to lose and adhere to risk management.

A trading or investment account can be deposited in various ways — from bank transfers to cryptocurrencies. The available payment methods depend on the country and are displayed in the "Client Area."

Before depositing into the trading account, it is necessary to confirm your email address and phone number, as well as fill out a questionnaire. This is required firstly for subsequent client verification during deposit withdrawals, and secondly, within the framework of financial organizations' requirements (KYC policy).

To deposit into your account, go to the "Personal Account" and select a convenient method. Note that subsequent deposit withdrawals can only be made using the same method applied for the deposit. For instance, if the account was deposited via a bank card, withdrawal will be processed to the same card. The same applies to bank transfers, payment systems, and cryptocurrency wallets.

After selecting the method, a sequence of steps to be completed will open. We take the security of payments and the accuracy of their execution seriously. As a rule, if an email address is required during depositing, it must match the address used when opening the trading account. Also, the name of the account/bank card holder must match the name of the trading account holder opened in FIBO Group. Please note: payments from third parties for account deposits, as well as withdrawals in favor of third parties, are not possible.

During depositing, the No Fee Deposit offer applies: FIBO Group reimburses the fees charged by payment systems when depositing into a trading account. The reimbursement of the bank commission for bank transfers amounts to 30 USD for transfers over 1000 USD. The blockchain fee for cryptocurrency deposits is not reimbursed.

Although the MetaTrader 5 trading platform appeared in 2010, underwent some changes, and was adapted for functional use, there are still traders who treat it with skepticism. Let’s take a closer look.

What impressed users right away?

The MT5 trading platform quickly won the hearts of programmers. They use it to create trading robots. The developers of the terminal chose C++ as the main programming language, which allowed programmers to unlock the full potential of the platform for trading automation.

At the same time, it is possible to create an Expert Advisor in the platform even without programming skills. The process is simplified thanks to the Wizard service, built directly into MT5.

Other noteworthy features

• The platform includes 79 analytical tools for technical and fundamental analysis, more than enough for a comprehensive study of the forex market.
• MT5 is equipped with 21 timeframes for charting.
• A free library of custom indicators, an economic calendar, and Depth of Market (DOM) enable traders to fully track market conditions.

New tools, services, price archives, and other functions allow traders to customize the trading platform to their needs, taking into account all details and requirements, which undoubtedly diversifies the trading process.

What discourages some traders?

There has also been criticism of this powerful and modern platform. Traders with long experience using other terminals noted that the “sophisticated” MT5 interface was inconvenient and required “relearning.” However, beginner traders, who encountered the platform without extensive trading experience, considered such remarks insignificant, as one can get used to anything. After all, MT5 has “nothing unnecessary that could distract from trading.”

The MetaTrader 5 platform is quite capable of satisfying the demands of the most demanding traders, both beginners and professionals. Download and test it yourself to evaluate its potential and form your own opinion about MetaTrader 5.

Remember, successful trading does not depend on the platform you choose — only daily work and experience bring real success. You can start today together with FIBO Group.

FIBO Group Holdings provides its clients with access to the most advanced forex trading platform — MetaTrader 5. This platform is the best choice for everyone who has made trading their profession. On the website, you can download a preconfigured version of this terminal.

The MetaTrader 5 trading terminal was first introduced in 2010 and was considered a replacement for MetaTrader 4. However, the great popularity of the fourth version, its simplicity, and reliability contributed to its continued presence on the market. As a result, traders today can choose between two advanced terminals from the same developer, which differ in interface and a number of additional features.

The new, significantly improved architecture of MetaTrader 5 made it possible to implement new features, including Depth of Market (DOM), a wide range of timeframes, an expanded number of order types, the new MQL5 programming language, strategy testing, the ability to trade almost any instrument, and to purchase trading indicators and advisors directly within the platform.

The presence of the Depth of Market is a must-have requirement for professional traders. It allows them to easily assess supply and demand on the market at a given moment and to determine the path of least resistance along which a currency pair or another financial instrument is moving.

Now a trader can work with almost all financial instruments using only one trading platform — MT5. This expands opportunities for maneuvering and increases flexibility in choosing a trading strategy. Moreover, monitoring and analyzing other markets within a familiar interface and using familiar tools makes it possible to forecast forex price movements more accurately.

MetaTrader 5 was designed for extensive use of trading advisors, which are easily developed using the MQL5 language. The platform is promoted by the developer as a standalone product, and is therefore used not only by traders but also by professional programmers who create effective trading robots and complex technical indicators with it. The built-in marketplace enables the buying and selling of these developments.

To test trading strategies before using them on live accounts, a strategy tester is provided. It allows for automated testing on multiple currency pairs simultaneously, which speeds up and simplifies the process. Testing can be performed not only on a trader’s own computer but also using the MQL5 Cloud Network service.

Another innovation of the platform is the wide choice of timeframes, the default number being 21, which significantly expands the range of strategies that can be applied.

Traders’ tactical opportunities have been expanded with the introduction of new order types — Buy Stop Limit and Sell Stop Limit — in addition to the four existing ones in MT4.

FIBO Group has developed the MT5 NDD account, which allows the company’s clients to fully utilize the technical capabilities embedded in the MetaTrader 5 terminal.

Non Dealing Desk (NDD) is a technology of order execution without the participation of the Dealing Desk. With NDD processing, the client's orders are automatically executed directly at the best available prices of liquidity providers, bypassing the Dealing Desk.

More about NDD technology

The NDD (No Dealing Desk) technology implies order processing without broker intervention, meaning that all trader operations are sent directly to the market, bypassing market makers, where the counterparty to the trades are other market participants.

Brokers operating under the NDD model do not have access to traders’ funds and earn only from commissions.

NDD technology allows trading directly with the largest liquidity providers using the popular MetaTrader 4 trading platform, as well as others: MetaTrader 5 and cTrader. NDD is implemented on MT4 NDD, MT5 NDD, and cTrader NDD accounts. NDD accounts use an agency model, which completely eliminates conflicts of interest between FIBO Group and the client. These accounts operate with a market execution type of order fulfillment, known as Market Execution.

Market Execution literally means “execution at market.” This means that almost any order placed by a trader will be executed at the price available on the market at the moment the order is processed. For example, if a trader wants to enter the market with a Buy order at 1.5000, once the order is sent to the broker’s server, it goes into the execution queue. During the waiting time, prices may change slightly, e.g., rise to 1.5015, so the broker will open the position at the current market price of 1.5015. This situation is called slippage. Slippage can be positive (the order is filled at a more favorable price) or negative (at a less favorable price).

Advantages of this execution: high speed and 100% guarantee of entering the market.

Disadvantages: high risk of opening a losing position during periods of high market volatility.

Instant Execution implies that the order is executed exactly at the price indicated by the trader. Despite its literal translation as “instant execution,” orders with this execution type may take longer than Market Execution.

The main advantage of Instant Execution in forex is entering the market at the exact price specified.

The disadvantage is frequent requotes (messages informing the trader that the price has changed), or broker requests to confirm opening a trade at the new price. Traders can set an acceptable price deviation to minimize requotes. If during processing the price stays within this deviation, the order is executed with price correction.

Instant Execution is not suitable for scalping in volatile markets.