KoboFX

Account Types: Cent, Standard, and Which Fits a Beginner

SchoolKindergarten01/01/2026
Portrait of Iriss Lee
By Founder & Editor3 years trading forex. Writes every KoboFX guide and review. Full profile →

Risk warning: The wrong account type can magnify losses. This is education, not financial advice. Start small.

Brokers offer several account types. The names sound similar. The risk is not.

CENTbalance in cents$0.01 / pip ≈ $0.01tiny lotsSTART HERESTANDARDbalance in dollars$10 / pip ≈ $10one bad trade wipes smallNOT FOR BEGINNERSECNlower spread+ commission feeneeds skill + sizeLATER
Cent keeps one pip near $0.01 — start here with $10. Standard makes one pip about $10 — not for beginners. ECN needs skill and a bigger balance.

The three main types

Cent account

  • Balance shows in cents. $10 looks like 1,000 cents.
  • Lot sizes are tiny. One pip is about $0.01 (about $0.01).
  • Best for learning with real prices but very small risk.

Standard account

  • Balance shows in dollars. Lots are normal size.
  • One pip on a standard lot is about $10 (about $10).
  • One bad trade can wipe a small account. Not for beginners.

ECN account

  • Often has lower spread (the small cost inside the price) but may charge a commission.
  • Needs higher skill and larger balance.

Which fits a beginner?

Start with a Cent account:

  • Fund $10 via bank transfer or USDT.
  • Trade micro or cent lots only.
  • Practise 2 weeks on demo, then 2 weeks on cent live.

Check the broker's page for exact names — some call it "Cent", others "Micro" or "Standard Cent". If you are unsure, ask support: "Is this balance shown in cents?"

Learn risk sizing in Position Sizing: Matching Lot Size to Your Risk and The 1% Rule.

More in The Complete Guide to Choosing a Forex Broker (2026) and How to Start Forex with $10 from Zero.

Bottom line: Start with a Cent account and micro lots with $10, avoid Standard lots, or you risk one pip costing you house money. Related guides: Choosing a Forex Broker, Starting Forex as a Beginner.