What Account Types and Fees Does CITIC Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Available upon request with verification |
| Demo Account |
New traders |
Practice trading without risk |
Unlimited access for training purposes |
Account Opening Process
To open an account with CITIC Futures, users must follow a straightforward process. First, they will need to submit personal information, including full name, date of birth, and contact details. Next, employment and financial information will be required to assess the trader’s experience and financial status. Identity verification is also a crucial step, necessitating the submission of a government-issued ID and proof of address, such as a utility bill or bank statement. Once the account is opened, there is flexibility in account types, allowing traders to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for GBP pairs |
| CFDs (Stocks) |
0.1% |
$0.5 per lot |
Varies by stock |
| CFDs (Indices) |
0.5% |
$1 per lot |
Includes major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, CITIC Futures has several other costs to consider. Deposit and withdrawal fees may apply, depending on the method used. An inactivity fee is charged if the account remains dormant for a specified period. Users should also be aware of any platform usage fees, if applicable, as well as overnight interest charges (swap rates) that may affect positions held overnight. Lastly, currency conversion fees may apply for trades involving different currencies.
