Best Forex Cent Account Broker For Day Trading for 2024 - TOP 5

Best Forex Cent Account Broker for day trading: Investment Programs

Earning passive income is just as important for traders as earning profit by actively trading. Therefore, it is important to consider investment instruments offered by the company. There are different investment programs and their choice strongly depends on a specific broker. TU analysts have prepared a review of investment programs of the 5 best brokers.

1

RoboForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

RoboForex is the ideal broker for those looking to invest their money in the Forex market. This company has everything to earn a stable income — from professional analytics to technical functionality and optimal trading conditions. It is especially worth noting its investment program like RoboForex CopyFx which allows you to receive passive income without doing anything. According to customer reviews, RoboForex is the most popular brokerage company.

RoboForex CopyFx is a service for copying deals

RoboForex CopyFx is a passive investment option that involves connecting an investor's account to a professional trader's account and then copying his transactions. In this case, all trader's transactions are automatically opened on the investor's account. A specific trader's commission is deducted from the investor's profit in case of a successful transaction. The entire service is fully automated which minimizes your work to almost 0%. Learn More about CopyFX From RoboForex

CopyFX at RoboForex - how to choose a trader | Firsthand experience of Oleg Tkachenko

The minimum deposit is only $100, so everyone can test the waters. Having started working, the investor gets access to professional traders' ratings, which indicates the period of the account's existence, profitability, maximum drawdown level, and other statistics. Also, the investor can contact the trader directly.

An investor can connect to an unlimited number of traders, provided that his deposit can withstand such a load. Such diversification of risks makes it possible to form a full-fledged investment portfolio from traders' transactions.

An investor can disconnect from a trader at any time if he doesn't like something in his trading methods. It is a serious tool for protecting a deposit from RoboForex, which not all brokerage companies provide.

Separately, it should be noted that any person can simultaneously act as both an investor and a trader. All statistics on the effectiveness of copying transactions are displayed in the client's account.

Algorithm of working with the CopyFx copy trading platform:

• Once you register and pass verification, open a trading account. Investors can open any account, except for accounts with the MT5 and R StocksTrader platforms. Traders planning to provide signals open a separate account by choosing Open FxCopy Trader Account.

• In the Investment menu, open MT4 Trader Rating. Traders must meet minimum requirements of the broker in order to be included in the rating, such as the number of trades, the number of days the account has been active, and profitability. You will need to contact Customer support to learn about specific requirements.

• You will see main criteria in the list of traders: maximum drawdown, number of copy traders, profitability, account existence period, etc.

• Click on the profile of each trader to view trading statistics. You can activate the copy trading option in the profile of the trader you’d like to copy.

Copy trading is available on real accounts, subject to the deposit in the amount higher than the one specified in the trader’s profile. You can disconnect from a trader’s account at any time.

How to start investing in copy trading with RoboForex | Firsthand experience of Oleg Tkachenko

RoboForex affiliate program

It is not necessary to be familiar with trading to make money with RoboForex. Attract customers and earn up to 50% of the company's income. It works like this:

• You register as a partner, after which you receive information materials for posting on your website/blog, forums, or social networks. You also get a referral link.

• The person follows your referral link and deposits capital in his account.

• The broker receives the spread and credits a part of his profit to the partner's account in the referral trades.

Also, each partner can participate in the loyalty program with the possibility of receiving up to 20% additional partner remuneration every month.

Depending on the chosen partnership program and account type, the total amount of partner rewards can exceed 50% of the fees paid by the referral. For example, on Affiliate accounts, rewards are up to 70%. Taking into account the general fee of the VIP program with the loyalty reward, the total rewards of a partner could be as high as 84%.

2

Exness - Investment Programs

Investment Programs, Available Markets and Products of the Broker

Exness clients can make passive income on copy and algorithmic trading. Forex novice traders can earn from copying trades of experienced traders with the social trading platform and standard opportunities of MetaTrader platforms. If Exness clients know how to trade, they can make additional income on broadcasting their own strategies.

How to start earning with social trading

Exness clients can choose any convenient method to receive trading signals. These can be signals broadcast directly on MetaTrader or in the Exness in-house mobile app.

• Strategy copying. This option is available on the Exness proprietary platform. Investors choose the strategy based on important parameters for them, such as income, number of subscribers, leverage, fees, etc. The Most Copied option allows traders to view the most popular strategies among investors.

Who can provide strategies? Experienced traders with effective trading can do that. Currently, Exness offers two account types for providers — Social Standard and Social Pro. The minimum deposit for both of them is $500. Leverage is up to 1:200 and the fee is up to 50% of the investor’s profit.

Who can become an investor? Any Exness client with a verified user account can be an investor. The minimum investment is $10, thus this option is available even to Forex novice traders without big capital. Investors choose strategies and copy them in the social trading mobile app. Install it on your smartphone or tablet and log into your Exness user account. The broker’s website provides a link to download the app from Google Play and the App Store. Also, there is a QR code.

• Copy trading . To copy trades of other traders, use the MetaQuotes signal service — MQL4 on MT4 and MQL5 on MT5. First, investors pay subscription fees, and later they pay fees to traders for successful trades.

In addition to copying trades and strategies, Exness clients can use bots and expert advisors, which are available in app stores on the MQL4 and MQL5 websites. There are paid and free plug-ins. Also, you can ask an experienced trader to develop an advisor to fit your trading goals. Algorithmic trading is not available for Exness proprietary platforms.

How to copy signals from traders to your account. | Firsthand Experience of Oleg Tkachenko by TU

Partnership programs

Partner rewards are another type of passive income available to Exness clients. Any broker’s client can receive these rewards, regardless of their trading activity and deposits. The main condition to receive fees is to comply with the partnership program requirements.

Rewards for Exness partners:

• From $880 to $31,200 per month under the Introducing Broker (IB) program;

• From $10 to $1,850 for each client who makes the first deposit under the Affiliate Program.

Rewards for IBs depend on the number of referred clients — the more of them there are, the higher the fee. The maximum rate is 40% of Exness income from referral trading. Participants in the Affiliate Program receive fees subject to the first referral deposits.

3

FreshForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

The absence of the investment programs is a weakness of the FreshForex company. Previously, Fresh Forex provided an opportunity for passive investment up until 2016 but later closed it. At the moment, passive trading with this broker is possible only with the use of automatic advisers.

Flagman Invest is FreshForex investment platform that is now closed.

The main reason for the closure of the Flagman Invest platform was an in-depth analysis of the operation of PAMM services on the part of the company which showed that, in most cases, investors suffer losses.

The abandonment of the investment platform has made it possible for FreshForex to significantly minimize customer risks and make the bidding process as transparent as possible. Also, the level of security of trading operations has increased significantly.

Taking into account the situation that developed during the operation of the platform and taking into account the results that the company managed to achieve after its closure, this decision is a positive move for traders. and demonstrates the high level of responsibility that the company operates.  

FreshForex affiliate programs

 To make money with FreshForex, you do not have to be a trader. The company offers favorable partnership conditions that will help ensure passive income for each internet-user. FreshForex offers several affiliate programs:

• as a reward for attracting clients you can receive a part of the spread paid to the broker, and sometimes the whole spread; 

• Web-partnership - for the owners of blogs, sites, and active participants in various forums this is a profitable option without risk. All you need is to recommend the company at the right time, place a banner or give a link to a potential client; 

• CPS is a beneficial affiliate program offer. For each attracted customer who will be verified and make 50 transactions, the partner receives 50 US dollars;

• CPM - FreshForex pays for every 1,000 exposes to large resources. The owner only needs to place the broker's promotional material on his or her website or YouTube channel to receive up to 10 US dollars;

• for those who want to launch a personal brand at the market, the White Label will be a great opportunity. Within the framework of this program, FreshForex provides online trading services, as well as software. Due to this, the cost of bidding will be reduced significantly. Also, individual bonuses are provided.

4

InstaForex - Investment Programs

Investment Programs, Available Markets and Products of the Broker

(The offer is available for traders working with the FSC-regulated broker). InstaForex is the perfect broker for those who want to combine active trading with a passive investment. The best conditions and the proposed trading platforms can increase the profitability of passive investment and minimize the financial risks of the trader. The most popular services for extra income are the ForexCopy trades copying system, PAMM accounts and an affiliate program with favorable conditions.

ForexCopy — Copy Trading service

ForexCopy is a company service that allows you to copy the trading of successful traders, even when there is no trading terminal at hand. All active traders are added to public monitoring, which helps the investor choose a successful signal provider. After connecting to a trader, trades are copied automatically. There are several payment options for subscription services for copy trading - a per trade fee, a daily subscription fee, or a fee for a percentage of the profits. In the latter case, the subscriber pays a minimal a percentage of the profits, if any.

• there are no restrictions on copy trading. Users can customise their trades to copy their preferred traders on their trading account;

• the investor has full control of their own copying settings and can manually cancel any trades;

• some traders offer free trading for the ForexCopy subscriber . In this case, the services of the trader are paid by InstaForex;

• the minimum deposit to start copying is $10.

Every member of the ForexCopy system can simultaneously copy other people's trading and provide the paid subscription services for copying his own trades. After registration in the system, the investor can individually set up subscriptions for each trader separately. The trader can select individual currency pairs and a convenient scale at which orders on his account will be opened.

In order to become a signal provider, you need to open a trading account with InstaForex and begin active trading. You will then need to register in the ForexCopy system as a trader and set up the conditions under which investors will copy trading. To attract more subscribers, you need to take a high position in the overall ranking. Your ranking is based on profitability.

PAMM accounts - InstaForex Investment Platform

(The offer is available for traders working with the FSC-regulated broker). InstaForex PAMM-system allows you to earn passive income by investing money in PAMM-accounts with different profitability levels. Each trader who has registered his trading account in the broker's PAMM system can become an investor or manager.

PAMM system features:

• the minimum investment is $1;

• the investor receives all the contact details about his Manager, and can also view the status of his trading account;

• risk diversification - due to the ability to invest in different accounts, as well as invest small amounts.

The PAMM system from InstaForex allows its participants to control all ongoing operations, as well as automatically monitor the amount of profit received.

OYS investment

The On Your Side solution is available in two options:

• OYS accounts (FSC). These are investment accounts for investing in the S&P 500 stock index. The fee is $25 of the profit without any hidden fees. If you earn no profit, you don’t pay fees. Additional conditions are: leverage is up to 1:5, the minimum investment is $1,000, and early position closing is available without any fees or penalties.

• OYS portfolios (CySEC). This is a service for diversification of clients’ investments. It represents different portfolio groups managed by InstaForex experts where it is possible to invest according to the copy trading model. Portfolio structure includes stock indices, cryptocurrency, and top stocks of UK, Germany, etc. Additional conditions are: the minimum investment is $2,000 and withdrawal is possible at any time without fees or penalties.

These options are available for both retail and professional traders.

Synthetic stock assets

(The offer is available for traders working with the CySEC-regulated broker). It implies trading synthetic stocks and ETF derivatives with a basic asset. The advantages include: no swaps, instant execution, over 700 stock assets, and a 0% fee on ETFs.

Stock Basket investment

(The offer is available for traders working with the CySEC-regulated broker). This product implies managing one position opened in the basket instead of managing several positions opened for separate stocks. There are no management fees.

Important. Each trader or investor can use the MetaQuotes copy trading service additionally to InstaForex own investment options. To do this, register on the MQL5 website, make a deposit to pay subscription for signals (relevant for investors), and link your account to the MT4/MT5 user account. Traders’ Rating is available on trading platforms in the Signals tab.

Instaforex affiliate programs:

Partnership programs and conditions depend on the regulation of the broker you are working with.

1. FSC.

The FSC-regulated broker offers three partnership programs with an opportunity to earn up to $15-$20 per each lot or up to $2,000 from a deposit:

• Introducing Broker. This is a two-level partnership program with a partner’s profitability of up to 67% of InstaForex profit. Partners can earn as much as $53 per lot, which is the highest commission that can be earned on Forex, and from $2 of market trade lots for traders of the partners’ clients..

• CPA. Bonuses are paid for the first deposit of each referral. This program is designed for targetologists, SEO specialists, bloggers, and web experts, that is, those who do not deal with referrals directly. The bonus is up to $2,000 for each referral.

• CPL. This is a program for partnership networks, media agencies, and arbitrary networks. It implies a fee for contact details of interested users.

The broker provides the maximum technical and information support on its part.

2. CySEC.

The broker offers three partnership programs:

• CPA (Cost Per Action). The minimum compensation is $200.

• CPL (Cost Per Lead). The bonus is from €10 for each user with a verified phone number.

• CPC (Cost Per Click). There is a reward for every 1,000 clicks on advertising banners on the partner website. The reward amount is subject to conversion.

For more detailed conditions of partnership programs contact client service.

5

ForexChief - Investment Programs

Investment Programs, Available Markets and Products of the Broker

As a client of ForexChief, you can gain profit not only from manual trading but also from investing funds in social trading.

Mirror trading and copying transactions of experienced market participants, as well as selling trade signals constitute a very popular trend.

Of course, automated copying helps those who copy trades of professional traders. Users with rich Forex trading experience can become traders whose transactions will be copied. This will bring them additional income.

The copy trading service from MetaQuotes is available to everyone and the number of people who use it is unlimited. Signal providers get a reward for each trade copied by subscribers.

Unfortunately, ForexChief does not provide any other investing options. However, there are affiliate trading options that let you earn significant additional income without trading yourself.

ForexChief’s affiliate programs

ForexChief offers alternative ways to make money in currency markets through affiliate programs, such as:

• White Label. It helps to become a Forex broker at minimal expense based on the already existing technical infrastructure of ForexChief. Participation in this program rids partners of the necessity to solve several serious problems, allows them to save considerably on licenses and proprietary technologies, and helps them stand out from competitors. White Label is a great solution for young companies that are just planning on conquering the market. It’s also a practical solution for large institutional brands that want to outsource part of their business processes. ForexChief allows partners to build a reliable communication channel that will help them develop and realize long-term joint business projects.

• Introducing Broker. This program is designed for those whose primary income does not come from trading, but from agent’s fees for attracting clients to the company. Agents are the company’s representatives. This affiliate program differs from similar ones in that the partner’s reward consists of two parts. The first is the CPA (cost-per-action) reward: up to $300 for each attracted client. The second is the reward for the client’s turnover which increases in proportion to trading volume.