What Account Types and Fees Does Century Financial Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and general traders |
Low spreads and access to diverse trading instruments |
Suitable for individual traders looking to start with small capital |
| Professional Account |
Experienced traders |
High leverage and advanced trading tools |
Requires trading volume qualifications and experience |
| Corporate Account |
Corporate clients |
Customized services and support |
Requires corporate documentation and validation |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Sharia law |
Available upon request with appropriate verification |
| Demo Account |
New traders |
Practice trading without risk |
Ideal for testing strategies before going live |
Account Opening Process
To open an account with Century Financial, applicants need to follow several steps. Initially, personal information including employment and financial details must be submitted. Following this, identity verification is required, which includes providing a valid ID and proof of address. It’s important to note that clients have the flexibility to upgrade to a professional account later on, should they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads available for major forex pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Competitive pricing for minor pairs |
| CFDs (Stocks) |
Varies |
$0 |
Access to a wide range of stock CFDs |
| CFDs (Indices) |
Varies |
$0 |
Includes major indices for trading |
| CFDs (Commodities) |
Varies |
$0 |
Includes commodities like gold and oil |
| Cryptos (BTC/USD) |
Varies |
$0 |
Variable spreads depending on market conditions |
Other Fees
Additional fees that may apply include deposit and withdrawal fees, inactivity fees, and platform usage fees if applicable. Furthermore, clients should be aware of overnight interest charges (swap rates) and potential currency conversion fees when trading in different currencies.
