What Account Types and Fees Does CITIC SECURITTIES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital trading |
| Professional Account |
Experienced traders and professionals |
Higher leverage, lower spreads |
Requires trading experience and volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, access to institutional liquidity |
Requires corporate documentation |
| Islamic Account |
Traders requiring swap-free trading |
Compliant with Sharia law, no interest |
Available upon request for eligible clients |
| Demo Account |
New traders for practice |
Risk-free trading environment, educational resources |
Perfect for testing strategies without financial risk |
Account Opening Process
To open an account with CITIC SECURITTIES, prospective clients must go through a systematic process. First, users need to submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information is required to assess the applicant’s financial background. Identity verification is a crucial step, necessitating submission of a government-issued ID and proof of address, such as a utility bill. Once the application is submitted, clients can expect a review period before receiving approval. Additionally, there is flexibility in account management, allowing traders to upgrade to a professional account later if they meet the required criteria.
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 pricing |
| CFDs (Stocks) |
0.1% |
$0.02 per share |
Varies by stock |
| CFDs (Indices) |
0.5% |
$0 |
Low costs for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to trading fees, CITIC SECURITTIES may charge various other fees. These can include deposit and withdrawal fees, which may apply based on the payment method used. Clients should also be aware of inactivity fees that could be incurred if an account remains dormant for an extended period. Additionally, there may be platform usage fees, especially if utilizing premium trading tools. Overnight interest, also known as swap rates, will apply to positions held overnight. Furthermore, currency conversion fees may be charged for transactions involving different currencies.
