What Account Types and Fees Does CICC Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners to intermediate traders |
Low minimum deposit, educational resources, user-friendly platform |
Ideal for small-capital practice and novice traders |
| Professional Account |
Experienced traders and professionals |
Higher leverage, reduced spreads, advanced trading tools |
Requires proof of trading experience and capital |
| Corporate Account |
Businesses and corporate entities |
Customizable solutions, dedicated account manager |
Requires corporate documentation for verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, no overnight interest |
Must provide relevant documentation for eligibility |
| Demo Account |
All levels of traders |
Risk-free trading environment, practice strategies |
Available to anyone for practice; no real funds involved |
Account Opening Process
The account opening process at CICC Futures is straightforward and user-friendly. Initially, prospective clients are required to submit personal information, including their name, contact details, and date of birth. Following this, employment details and financial information must be provided, including income sources and trading experience. Identity verification is a critical step in the process; clients must submit a valid ID and proof of address to confirm their identity. Additionally, CICC Futures offers flexibility in account management, allowing clients to upgrade to a professional account if they meet the necessary trading volume and experience requirements later on.
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 for popular pairs |
| CFDs (S&P 500) |
1.5 |
$2.00 |
Standard market conditions |
| CFDs (Gold) |
0.3 |
$1.50 |
Low spreads for metals |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, CICC Futures has several other costs that traders should consider. There are deposit and withdrawal fees, which may vary based on the method chosen. Inactivity fees may apply for accounts that remain dormant for an extended period. If applicable, platform usage fees could be charged for specialized trading tools or services. Overnight interest, known as swap rates, may be incurred on positions held past the trading day. Additionally, currency conversion fees might apply when trading in currencies different from the account’s base currency.
