What Account Types and Fees Does Hicend Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and professionals |
High leverage, tight spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Custom services, multi-user access, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, no interest charges |
Available upon request, requires verification |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds, risk-free environment |
No minimum deposit required |
Account Opening Process
Opening an account with Hicend Futures is a straightforward process that typically unfolds in a few steps:
1. Visit the Hicend Website: Navigate to the official Hicend website.
2. Sign Up: Click on the “Sign Up” button on the homepage.
3. Fill Out Registration Form: Provide personal, employment, and financial information as required.
4. Identity Verification: Upload necessary documents for identity verification, including an ID and proof of address.
5. Account Funding: Once your account is approved, you can fund it using various methods such as bank transfers.
6. Account Flexibility: You can upgrade to a professional account later if you meet the necessary trading volume qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads |
| CFDs (Stocks) |
1.5 |
$0.10 per share |
Fees applied per transaction |
| CFDs (Commodities) |
2.0 |
$0.05 per contract |
Variable spread based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should be aware of additional costs associated with trading on Hicend Futures, which include:
– Deposit/Withdrawal Fees: Generally low or waived for certain methods, but may vary.
– Inactivity Fees: Charged for accounts inactive for an extended period.
– Platform Usage Fees: No direct fees, but costs may apply based on specific tools or services used.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, subject to market conditions.
– Currency Conversion Fees: May apply when trading in currencies different from the account base currency.
