What Account Types and Fees Does CICC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners to Intermediate Traders |
Low spreads, user-friendly platform, educational resources |
Ideal for small-capital practice and personal trading |
| Professional Account |
Experienced Traders |
High leverage, advanced trading tools, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customized services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Muslim Traders |
Swap-free trading, compliance with Sharia law |
Available upon request for eligible clients |
| Demo Account |
All Levels |
Practice trading without risk, virtual funds |
Suitable for testing strategies and platform features |
Account Opening Process
To open an account with CICC, prospective clients must complete several steps. First, they will need to provide personal information including their name, contact details, and date of birth. Next, employment information is required, where clients must disclose their occupation and employer details. Financial information is also necessary, including income sources and net worth. After submitting the required information, clients must undergo identity verification, which includes providing a valid ID and proof of address. CICC offers account flexibility, allowing clients to upgrade from a Retail Account to a Professional Account later if they meet the necessary qualifications.
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 on key pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies based on the stock |
| CFDs (Indices) |
0.5% |
$3 per lot |
Fees may vary by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Clients should be aware of additional costs associated with their accounts. These include deposit and withdrawal fees, which may vary depending on the method used. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees are not applicable for standard accounts but may exist for certain premium services. Overnight interest, or swap rates, will apply for positions held overnight. Lastly, currency conversion fees may be charged for transactions involving different currencies.
