There aren’t a lot of forex brokers with Nano lots or cent accounts nowadays. There used to be more of them but it turned out that forex brokers don’t seem to like that form of lot size.

There might be several reasons for that but there are a few that I can think of.

One reason, which of course is looking on the dark side, could be losing money faster when you have a small size account and use larger lots.

Let’s say you want to get your feet wet with a 10 or 20 dollar mini account that has micro-lots starting from 0.01.

You open a trade and set a 25 pip stop loss and you lose that trade. What happens here is that you lose 25% of your $10 account or 12.5% of the $20 account.

You can’t follow money management principles and it’s hard to get out of a losing streak (losses in a row) and save the tiny account.

If it were nano lots or a cent account, you would lose only 2.5% or 1.25%.

The next reason might be related to the strategies like martingale where the more steps you can have, the higher the chance of success.

Another reason, which is looking on the bright side, could be so long as positions taken by nano lots are very small; brokers have to act as market makers which means they need to take the other side of your positions in order to fill them.

In simple words, you sell they buy or you buy they sell.

Since there might be a lot of those accounts and a lot more Nano lots positions, it seems that these types of accounts aren’t worth it.

For whatever reason, most forex brokers don’t offer Nano lot size; however, there are still a few forex brokers with nano lots.

Forex Brokers with Nano lots

I searched a lot of brokers seeking for Nano lot size and found some. Here’s a list of Forex brokers with nano lots.

• RoboForex
• IFC Markets
• N1CM
• PaxForex

Note: the information on the following brokers’ reviews is related to the Nano lot size accounts of the brokers and for their other types of accounts, it may be different. For example, the brokers offer more trading instruments or platforms but the ones that are available in Nano lot size account are mentioned.

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1- RoboForex

Founded in 2009, RoboForex is one of the most reputable forex brokers. Roboforex is headquartered in Belize and is regulated by IFSC.

You can open a nano lot size account, aka ProCent, in Roboforex with only $10 and enjoy one of the highest leverage in the industry, 1:2000. The minimum lot size for the account is 0.0001 lot with the step of 0.0001, which is around 0.01 cents for a pair such as EURUSD.

Note that in the specification of ProCent account you see the minimum order or lot size is 0.1 for MT4 and 0.01 for MT5. This is a cent account lot size. When you turn it into standard lot, they become 0.001 (standard) lot size for MT4 and 0.0001 for MT5.

All types of strategies are allowed for the nano lot size of Roboforex, so for example if you have a grid strategy or EA that needs very small lots to manage risk, you can take advantage of this type of account.

RoboForex Overview

Visit RoboForex Website

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2- IFC MARKETS

IFC Markets was founded in 2006 and is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) and also the Cyprus Securities and Exchange Commission (CySEC).

IFC Markets has both floating and fixed spread Nano lot accounts starting from the minimum lot size of 0.001 with the very small steps of 0.00001 which means you can increase lot size by about 0.01 cents (more or less regarding forex pair)

IFC Markets offers different trading platforms including MT4, MT5, and a proprietary trading platform called NetTradeX. The micro account with nano lots is only available for NetTradeX platform.

NetTradeX is different from Metatrader in several aspects but the one, which is related to our subject, is the way that lot sizes are displayed.

Instead of showing the lot sizes in numbers, they’re represented by units.

For example, for choosing 0.001, you have to put it in a unit which is 100 — see here for more information.

The maximum lot size is 100000 units or 1 standard lot so you can open positions from 0.0001 lots to 1 lot.

You can open a demo account for testing their micro account with Nano lot size here. (register > choose demo > for platform select NetTradeX, then you can continue)

IFC Markets Overview

Visit IFC Markets Website

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3- Number One CM

Founded in 2017, N1CM is another regulated forex broker offering nano lot size accounts to its clients. It is regulated by Vanuatu Financial Services Commission (VFSC) and it’s the only broker on our list that accepts US citizens.

The nano lot size account of this broker is called CNT and you can open an account as low as $5.

It’s an STP type with floating spreads and no commission. The maximum leverage for this type of account is 1000 and the minimum lot size is 0.01 cent lot or 0.0001 standard lot.

They offer a variety of trading instruments but for this specific account, CNT, you only can trade Forex pairs (majors and minors).

You can open a demo account on N1CM here.

N1CM Overview

Visit N1CM Website

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4- PaxForex

PaxForex was established in 2011 and is registered by Financial Services Authority (FSA) in St. Vincent & the Grenadines; however, it’s not regulated by either FSA or any other regulatory Bodies.

PaxForex has a Nano lot size account with the minimum lot size of 0.0001 and you can increase lot size by 0.0001 steps — 0.0001, 0.0002, 0.0003, and etc.

The broker is a market maker so your positions are executed instantly, therefore, you get requotes instead of slippage (widening spreads).

PaxForex offers various types of trading instruments including forex pairs, indices, cryptos, stocks, and metals; however, you can only trade currency pairs with Nano lots.

You can open a demo account for nano lot size or cent account, but there’s something you should know so you won’t be confused, like I was.

When you open the account, your account and balance are displayed in cents so if you enter 100 when you’re opening a demo cent account, it’s a 100 cent not a dollar account. Subsequently, your lot size in MT4 is from 1 lot, which is actually 0.01 lots, to 0.01 which is 0.0001 lots.

You can open a nano lot demo account here.

PaxForex Overview

Visit PaxForex Website

What Is Nano lot Size in Forex Brokers?

Nano lot size is the smallest lot size which is equal to 0.001 standard lots or 100 units of currency, for example $100.

There are various types of lot sizes in forex trading platforms; however, there are 4 main lot sizes:

• Standard: 1
• Mini: 0.1
• Micro: 0.01
• Nano: 0.001

They are the tradable amount of forex pairs that are measured by the units of currencies that can be USD, GBP, JPY, and etc.

When we turn the lots into units we have:

• Standard: 100000
• Mini: 10000
• Micro: 1000
• Nano: 100

In Metatrader we trade a pair through lots but there are some platforms that the sizes of forex pairs that you want to buy or sell are displayed in units.

For instance, the proprietary platform of IFC Markets, NetTradeX, is one of the platforms that you need to enter the amounts in units.

When you trade one nano lot of EURUSD, you basically trade $100 of that pair but since you use leverage, you don’t need $100 to trade. With a leverage of 1:100, you only need 1$ in order to trade that amount of EURUSD.

Each standard lot of eurusd is worth $10. Considering the above figures, each Nano lot is equal to 1¢ so for every pip that eurusd moves, you gain or lose 1¢ while trading with nano lots.

Some forex brokers go even beyond that and offer mini or micro lot sizes for cent accounts.

For example, you have 0.1 or even 0.01 lots in your lot sizes of the cent accounts so basically, you can trade with mini nano or micro nano lots as small as 0.0001 lots.