If you are new in forex trading and want to work in forex trading then you should make a cent account with instaforex and then you should make your first deposit in this account and then you can earn money in this account after complete experience of forex trading you can make standard account with instaforex,
in insta you can trade with mt5 bonus,you don't need to invest your own money.yes if you are a new trader then you needs to start with cent account.you are a new trader so i advice you you needs to trade in demo for at least 6 month for understanding the market movement well.
Cent accounts are not suitable for demo traders because after all you will be spending real money even if it is a small account, in fact cent accounts can not give you any profit except you will spend a lot of time that is more than these cents
Just open a account , whether the account is mini or cent is based on your trading idea and you can choose any lot size you wish insta provides 1:1000 leverage if you wish. NO need to open separate accounts for in insta.
according to me cent account is not good for traders cause in that account we trade for lots which moves and give profit of cents so it is better to start same like standard account but where,there is no risk of loss mean demo account is good choice for traders to start trade.
I don't think a newbie should get too much into these sort of stuff as i recommend him/her to just open up a simple normal standard account with little deposit and trade with care so whats the use or need of cent or mini account's while its the knowledge at the end that mostly matters.
cent or mini accounts will give you small profit.that will not increase confidence and motivation.if you want to practice with this then it is better to use demo account.it is same like real.those have low deposit they should use cent or mini.newbie should use normal account if they can handle.
its better to risk some money for learnign in forex, and i personally believe that a single loss in real account teaches 100 times more than a loss in demo account, so a trader can start trading forex in cent account with some real money after practicing in demo properly, then the losses will teach the trader more day by day as his trading concentration will be higher as his real money is in risk,
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