CBF Trading is | CFD Trading | Forex Trading

CURRENCY EXCHANGE	Spread	Exchange	Margin	Transaction fee per unit
EUR/USD	2	FX	0.5 - 1%	$0.00
USD/JPY	2	FX	0.5 - 1%	$0.00
GBP/USD	3	FX	0.5 - 1%	$0.00
USD/CHF	2	FX	0.5 - 1%	$0.00
USD/CAD	4	FX	0.5 - 1%	$0.00
AUD/USD	4	FX	0.5 - 1%	$0.00
EUR/GBP	4	FX	0.5 - 1%	$0.00
EUR/JPY	4	FX	0.5 - 1%	$0.00
GBP/JPY	8	FX	0.5 - 1%	$0.00
CHF/JPY	4	FX	0.5 - 1%	$0.00
EUR/CHF	4	FX	0.5 - 1%	$0.00
NZD/USD	4	FX	0.5 - 1%	$0.00
EUR/AUD	15	FX	0.5 - 1%	$0.00
GBP/CHF	8	FX	0.5 - 1%	$0.00
AUD/JPY	6	FX	0.5 - 1%	$0.00
EUR/AUD	15	FX	0.5 - 1%	$0.00
EUR/CAD	15	FX	0.5 - 1%	$0.00
NZD/JPY	6	FX	0.5 - 1%	$0.00
CAD/JPY	4	FX	0.5 - 1%	$0.00
GBP/CAD	12	FX	0.5 - 1%	$0.00
GBP/NZD	25	FX	0.5 - 1%	$0.00
GBP/AUD	15	FX	0.5 - 1%	$0.00
AUD/NZD	20	FX	0.5 - 1%	$0.00
AUD/CHF	10	FX	0.5 - 1%	$0.00
EUR/NOK	3	FX	0.5 - 1%	$0.00
USD/NOK	3	FX	0.5 - 1%	$0.00
EUR/SEK	3	FX	0.5 - 1%	$0.00
USD/SEK	3	FX	0.5 - 1%	$0.00
USD/ZAR	1	FX	0.5 - 1%	$0.00
USD/MXN	50	FX	0.5 - 1%	$0.00
FUTURES	Symbol	Exchange	Margin	Transaction fee per unit
USD Index	USD Index		10%	$0.01
US Crude Oil	CL G0	CME	10%	$0.10 Expiring
Natural Gas	GNG	CME	10%	$0.70 Expiring
10 Yr US T-Note	ZN	eCBOT	10%	$0.04 Expiring
30 Yr US T-Bonds	ZB	eCBOT	10%	$0.04 Expiring
France CAC 40	FCE	Euronext	10%	$0.04 Expiring
Germany DAX	AX	EUREX	10%	$0.03 Expiring
US Dow Jones 30	YM	eCBOT	10%	$0.03 Expiring
Switzerland DJIA	ZDJ	eCBOT	10%	$0.03 Expiring
UK FTSE 100	FTSE	LIFFE	10%	$0.03 Expiring
US NASDAQ	NQ	CME	10%	$0.04 Expiring
Japan Nikkei 225	NKD	CME	10%	$0.03 Expiring
US S&P 500	ZSP	CME	10%	$0.05 Expiring
Copper	GHG	CME	10%	$0.02 Expiring
Gold	GGC	CME	10%	$0.02
Silver	GSI	CME	10%	$0.17
Soybeans	ZS	eCBOT	10%	$0.03 Expiring
US EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
Altria Group	MO	NYSE	10%	approximately 0.3%
American Express	AXP	NYSE	10%	approximately 0.3%
Amgen	AMGN	NASDAQ	10%	approximately 0.3%
Apple Computer	AAPL	NASDAQ	10%	approximately 0.3%
Applied materials	AMAT	NASDAQ	10%	approximately 0.3%
Boeing Co	BA	NYSE	10%	approximately 0.3%
Bristol Myers Squibb	BMY	NYSE	10%	approximately 0.3%
Caterpillar	CAT	NYSE	10%	approximately 0.3%
Cisco Systems	CSCO	NASDAQ	10%	approximately 0.3%
ConocoPhillips	COP		10%	approximately 0.3%
Dell Computer	DELL	NASDAQ	10%	approximately 0.3%
Delta Airlines	DAL	NYSE	10%	approximately 0.3%
Ebay	EBAY	NASDAQ	10%	approximately 0.3%
EMC Corp	EMC	NYSE	10%	approximately 0.3%
Exxon Mobil	XOM	NYSE	10%	approximately 0.3%
Freeport McMoran	FCX		10%	approximately 0.3%
General Electric	GE	NYSE	10%	approximately 0.3%
Goldman Sachs	GS	NYSE	10%	approximately 0.3%
Google	GOOG	NASDAQ	10%	approximately 0.3%
Hewlett Packard	HPQ	NYSE	10%	approximately 0.3%
Home Depot	HD	NYSE	10%	approximately 0.3%
IBM	IBM	NYSE	10%	approximately 0.3%
Intel Corp	INTC	NASDAQ	10%	approximately 0.3%
Johnson and Johnson	JNJ	NYSE	10%	approximately 0.3%
JPMorgan Chase	JPM	NYSE	10%	approximately 0.3%
Las Vegas Sands Corp	LVS		10%	approximately 0.3%
McDonald's	MCD		10%	approximately 0.3%
Microsoft	MSFT	NASDAQ	10%	approximately 0.3%
Morgan Stanley	MS	NYSE	10%	approximately 0.3%
National Semiconductor	NSM	NYSE	10%	approximately 0.3%
Newmont Mining	NEM	NYSE	10%	approximately 0.3%
Oracle Corp	ORCL	NASDAQ	10%	approximately 0.3%
Pfizer	PFE	NYSE	10%	approximately 0.3%
Potash	POT		10%	approximately 0.3%
Qualcomm	QCOM	NASDAQ	10%	approximately 0.3%
Research in Motion	RIMM	NASDAQ	10%	approximately 0.3%
Symantic	SYMC	NASDAQ	10%	approximately 0.3%
Target	TGT	NYSE	10%	approximately 0.3%
Texas Instruments	TXN	NYSE	10%	approximately 0.3%
United Technologies	UTX	NYSE	10%	approximately 0.3%
Verizon Communications	VZ	NYSE	10%	approximately 0.3%
Yahoo	YHOO	NASDAQ	10%	approximately 0.3%
JAPAN EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
Nippon Telegraph and Telephone	NTT	NYSE	10%	approximately 0.3%
Nissan Motor	NSANY	NASDAQ	10%	approximately 0.3%
NTT DoComo	DCM	NYSE	10%	approximately 0.3%
Sony	SNE	NYSE	10%	approximately 0.3%
Toyota Motor	TM	NYSE	10%	approximately 0.3%
CHINA EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
Baidu	BIDU	NASDAQ	10%	approximately 0.3%
China Unicom	CHU	NYSE	10%	approximately 0.3%
Shanda Interactive Entertainment	SNDA	NASDAQ	10%	approximately 0.3%
BRAZIL EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
Cemex S.A.B. de C.V.	CX	NYSE	10%	approximately 0.3%
Petroleo Brasileiro	PBR	NYSE	10%	approximately 0.3%
United States STF Corp New	X	NYSE	10%	approximately 0.3%
MEXICO EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
Alfa-A	ALFAA	Mexican Stock Exchange	10%	approximately 0.3%
America Movil	AMXL	Mexican Stock Exchange	10%	approximately 0.3%
Cemex CPO	CEMEXCPO	Mexican Stock Exchange	10%	approximately 0.3%
Consorcio-ARA	ARA	Mexican Stock Exchange	10%	approximately 0.3%
Empresas	ICA	Mexican Stock Exchange	10%	approximately 0.3%
Gmexico-B	GMEXICOB	Mexican Stock Exchange	10%	approximately 0.3%
Grupo Fin Banorte	GFNORTEO	Mexican Stock Exchange	10%	approximately 0.3%
Grupo Televisa	TLEVISACPO	Mexican Stock Exchange	10%	approximately 0.3%
Mexichem	MEXCHEM	Mexican Stock Exchange	10%	approximately 0.3%
Urbi Desarroll	URBI	Mexican Stock Exchange	10%	approximately 0.3%
Wal-Mart	WALMEXV	Mexican Stock Exchange	10%	approximately 0.3%
Telmex	TELMEXL	Mexican Stock Exchange	10%	approximately 0.3%
AUSTRALIA EQUITIES	Symbol	Exchange	Margin	Transaction fee per unit
ANZ Bank	ANZ.AX	Australia Stock Exchange	10%	approximately 0.3%
Origin Energy Ltd	ORG.AX	Australia Stock Exchange	10%	approximately 0.3%
National Australia Bank	NAB.AX	Australia Stock Exchange	10%	approximately 0.3%
QBE Insurance Group Ltd	QBE.AX	Australia Stock Exchange	10%	approximately 0.3%
Westfield Group	WDC.AX	Australia Stock Exchange	10%	approximately 0.3%
Westpac Banking Corp	WBC.AX	Australia Stock Exchange	10%	approximately 0.3%
Woolworth’s Limited	WOW.AX	Australia Stock Exchange	10%	approximately 0.3%
ETFs	Symbol	Exchange	Margin	Transaction fee per unit
Diamonds	DIA	AMEX	10%	approximately 0.3%
Direxion : Finl Bull 3x	FAS	AMEX	10%	approximately 0.3%
Direxion : Emgmk Bull 3x	EDC	AMEX	10%	approximately 0.3%
PowerShares DB Agriculture	DBA	AMEX	10%	approximately 0.3%
PowerShares DB Commodity Idx Trking	DBC	AMEX	10%	approximately 0.3%
PowerShares QQQ	QQQQ	AMEX	10%	approximately 0.3%
PowerShares Water Resources	PHO	AMEX	10%	approximately 0.3%
PowerShares Wilder Clean Energy	PBW	AMEX	10%	approximately 0.3%
SPDR	SPY	AMEX	10%	approximately 0.3%
SPDR Consumer Staples	XLP	AMEX	10%	approximately 0.3%
SPDR DJ Wilshire Intl Real Estate	RWX	AMEX	10%	approximately 0.3%
SPDR Energy	XLE	AMEX	10%	approximately 0.3%
SPDR Financial	XLF	AMEX	10%	approximately 0.3%
SPDR Industrial	XLI	AMEX	10%	approximately 0.3%
SPDR S&P China	GXC	AMEX	10%	approximately 0.3%
SPDR S&P Emerging Middle East&Africa	GAF	AMEX	10%	approximately 0.3%
SPDR Technology	XLK	AMEX	10%	approximately 0.3%
SPDR S&P Metals&Mining	XME	AMEX	10%	approximately 0.3%
SPDR HealthCare	XLV	AMEX	10%	approximately 0.3%
SPDR Gold Shares	GLD	AMEX	10%	approximately 0.3%
SPDR S&P Homebuilders	XHB	AMEX	10%	approximately 0.3%
SPDR S&P Oil & Gas Exploration	XOP	AMEX	10%	approximately 0.3%
SPDR Materials Select Sector	XLB	AMEX	10%	approximately 0.3%
SPDR Consumer Discretionary	XLY	AMEX	10%	approximately 0.3%
SPDR Utilities Select Sector	XLU	AMEX	10%	approximately 0.3%
BLDRS Emerging Markets 50 ADR Index	ADRE	AMEX	10%	approximately 0.3%
HLDRS Biotech	BBH	AMEX	10%	approximately 0.3%
HLDRS Semiconductor	SMH	AMEX	10%	approximately 0.3%
HLDRS Oil Service	OIH	AMEX	10%	approximately 0.3%
DJ Wilshire REIT ETF	RWR	AMEX	10%	approximately 0.3%
KBE Bank Index	KBE	AMEX	10%	approximately 0.3%
KBW Regional Banking	KRE	AMEX	10%	approximately 0.3%
United States Oil	USO	AMEX	10%	approximately 0.3%
United States Natural Gas	UNG	AMEX	10%	approximately 0.3%
Ultra QQQ ProShares	QLD	AMEX	10%	approximately 0.3%
Ultra S&P500 ProShares	SSO	AMEX	10%	approximately 0.3%
UltraShort Dow30 ProShares	DXD	AMEX	10%	approximately 0.3%
UltraShort Financials ProShares	SKF	AMEX	10%	approximately 0.3%
UltraShort FTSE/Xinhua China 25 ProShares	FXP	AMEX	10%	approximately 0.3%
UltraShort Russell 2000 ProShares	TWM	AMEX	10%	approximately 0.3%
UltraShort S&P500 ProShares	SDS	AMEX	10%	approximately 0.3%
UltraShort Real Estate ProShares	SRS	AMEX	10%	approximately 0.3%
UltraShort Oil&Gas ProShares	DIG	AMEX	10%	approximately 0.3%
UltraShort 20yr Treasury ProShares	TBT	AMEX	10%	approximately 0.3%
UltraShort MSCI Emerging Mkts ProShares	EEV	AMEX	10%	approximately 0.3%
UltraShort DJ-AIG Crude Oil ProShares	SCO	AMEX	10%	approximately 0.3%
UltraShort Basic Materials ProShares	SMN	AMEX	10%	approximately 0.3%
Ultra Basic Materials ProShares	UYM	AMEX	10%	approximately 0.3%
Vanguard Europe Pacific ETF	VEA	AMEX	10%	approximately 0.3%
Vanguard REIT ETF	VNQ	AMEX	10%	approximately 0.3%
Vanguard Mid Cap ETF	VO	AMEX	10%	approximately 0.3%
Vanguard Value ETF	VTV	AMEX	10%	approximately 0.3%
Vanguard FTSE All World ex-US ETF	VEU	AMEX	10%	approximately 0.3%
Vanguard Emerging Markets ETF	VWO	AMEX	10%	approximately 0.3%
Vanguard European ETF	VGK	AMEX	10%	approximately 0.3%
iShares S&P100 Index	OEF	AMEX	10%	approximately 0.3%
iShares Nasdaq Biotechnology	IBB	AMEX	10%	approximately 0.3%
iShares Dow Jones US Basic Materials	IYM	AMEX	10%	approximately 0.3%
iShares Dow Jones US Energy	IYE	AMEX	10%	approximately 0.3%
iShares Dow Jones US Financial Sector	IYF	AMEX	10%	approximately 0.3%
iShares Dow Jones US Real Estate	IYR	AMEX	10%	approximately 0.3%
iShares Lehman TIPS Bond	TIP	AMEX	10%	approximately 0.3%
iShares MSCI Germany Index	EWG	AMEX	10%	approximately 0.3%
iShares MSCI EMU Index	EZU	AMEX	10%	approximately 0.3%
iShares MSCI Malaysai Index	EWM	AMEX	10%	approximately 0.3%
iShares MSCI Mexico Index	EWW	AMEX	10%	approximately 0.3%
iShares Russell 2000 Growth Index	IWO	AMEX	10%	approximately 0.3%
iShares MSCI United Kingdom Index	EWU	AMEX	10%	approximately 0.3%
iShares Silver trust	SLV	AMEX	10%	approximately 0.3%
iShares S&P500 Growth Index	IVW	AMEX	10%	approximately 0.3%
iShares S&P500 Index	IVV	AMEX	10%	approximately 0.3%
iShares MSCI Canada Index	EWC	AMEX	10%	approximately 0.3%
iShares MSCI Japan Index	EWJ	AMEX	10%	approximately 0.3%
iShares MSCI Brazil Index	EWZ	AMEX	10%	approximately 0.3%
iShares Barclays 20+yr Treasury Bond	TLT	AMEX	10%	approximately 0.3%
iShares FTSE/Xinhua China 25 Index	FXI	AMEX	10%	approximately 0.3%
iShares MSCI Tawain Index	EWT	AMEX	10%	approximately 0.3%
iShares MSCI South Korea Index	EWY	AMEX	10%	approximately 0.3%
iShares MSCI Hong Kong Index	EWH	AMEX	10%	approximately 0.3%
iShares MSCI Australia Index	EWA	AMEX	10%	approximately 0.3%
iShares MSCI Singapore Index	EWS	AMEX	10%	approximately 0.3%
iShares s&P Latin America 40 Index	ILF	AMEX	10%	approximately 0.3%
Market Vectors Coal ETF	KOL	AMEX	10%	approximately 0.3%
Market Vectors Russia	RSX	AMEX	10%	approximately 0.3%

HOLDING POSITION OVERNIGHT

If you carry a Share CFD position overnight, it will incur a financing cost or benefit. Finance costs/benefits will be on 100% of the value of your exposure in the market. If you are long, you may have to pay interest to CBF Trading; if you are short, you may receive interest.

Financing for non-currency positions
There is a daily financing charge or credit associated with any CFD position which is held overnight. This is calculated using the following formula:

F = V x i / b, where:

F= daily financing charge
V = value of equivalent holding of the underlying financial instrument
i = applicable financing rate
b = 365 days

For example if you have bought 100 CFD contracts in a share priced in US$ where the closing price is $52.36 then the value V of an equivalent holding in those shares would be 100 x $52.36 = $5,236.00.

Your account will be debited a financing amount for each long CFD position that you hold, and will be credited a financing amount for each short CFD position that you hold.

The financing rates used are +/- 2%

* Rates based on the official overnight cash rate. This rate is subject to daily market fluctuations.

For a position held on a Friday or prior to a non-business day in the relevant market, financing will be applied on the number of days until the next business day (e.g. for a position held at the close of business on a Friday, financing will be applied for 3 days, assuming the next business day is a Monday).

Financing for currency positions

For currency positions, the daily financing is calculated by using the one day interest rate differentials for the two currencies concerned. Effectively, you receive the interest on the currency you have bought and pay interest on the currency you have sold, although the financing posting/adjustment will be made in one currency.

For a position held on a Friday or prior to a non-business day in the relevant market, financing will be applied on the number of days until the next business day (e.g. for a position held at the close of business on a Friday, financing will be applied for 3 days, assuming the next business day is a Monday).

Notice Regarding CFDs on Futures:

When trading CFD’s on futures, your position will automatically be closed on the basis of the applicable time and date of the contract expiration listed. Positions will not be rolled over or extended beyond this date. By entering into any CFD transaction with CBF Trading you agree that CBF Trading is not responsible for any losses incurred as a result of the automatic closure of these positions at the time and on the date disclosed to you on each CFD.

ORDER TYPES

Orders are flexible trading tools that allow you to fully or partially open, close, or amend positions. They are a valuable tool for managing risk.

CBF Trading offers a range of orders to help you get into, and out of, positions at the price you want to.

Limit orders

A Limit Order is an instruction to buy or sell a market when it reaches a price that is better than that prevailing, at the time of placing the Order. It can be used to open a new position, where you anticipate a more favorable market price (buy or sell). It can also be used to close an existing Open Position, when a market reaches a certain level.

E.g. If our quote for UK 100 Rolling Spread is 5873.8 / 5875.8

To open a new position:
If you thought the market was going to reach 5700.5 and then reverse and go higher, and you had no Open Position in the market, you would leave a new Limit Buy Order at 5700.5. If the price reaches 5700.5 or lower, then the Order is activated and you would have a new long (buy) position in the market.

To close a position:
If you were long (had a buy position) in the market and wished to take your profit when the market reached 5950.8, you would leave a Limit Sell Order at 5950.8, which would activate when the Sell price hit 5950.8 or higher. If activated, this Order would close your position and realize any profit (or loss if you opened your position above 5950.8.).

Stop orders

A Stop Order is an instruction to buy or sell a market at a price which is worse than that prevailing, at the time of placing the Order. It can be used to open a position if you think a market could move even higher once it moves above a particular level (when buying), or even lower if it moves lower than a particular level (when selling). Stop orders can also be used to close a position (a tool for managing risk).

E.g. If our quote for Australian 200 CFD is 5100 / 5106

To open a new position:
If you felt that if the market traded up to 5150 and it would continue even higher, then you would leave a new Stop Order to Buy at 5150. If the Buy price hit 5150 or higher, the Order would execute and open a long position.

Stop loss orders

A Stop loss order is an instruction to buy or sell a market at a price which is worse than the opening price of an open position (or worse than the prevailing when applying the stop loss to an existing open position). It can be used to help protect against losses.

E.g. If our quote for Australian 200 CFD is 5100 / 5106

To close a position using a stop loss:
If you were long in the market and wished your position to be closed if the market went beneath 5000, then you would leave a Stop Loss Order linked to that position to Sell at 5000. If the price fell to 5000 (or lower) then the Stop would be executed and close that position.

Please note that there is a risk that market gapping may occur. If this does occur, the best available price could be significantly lower (or higher) than the price set on the order. In order to avoid this, Guaranteed Stop Losses may be used.

TRADING HOURS

US EQUITIES
Name	Market	Trading Hours
	XNYS	14:30 - 21:00 (GMT)
UK EQUITIES
Name	Market	Trading Hours
	XLON	07:00-15:35 (GMT)
EU EQUITIES
Name	Market	Trading Hours
	XETR	08:00 - 16:35 (GMT)
RUSSIAN EQUITIES
Name	Market	Trading Hours
	XNYS	14:30 - 21:00 (GMT)
LATIN AMERICAN EQUITIES
Name	Market	Trading Hours
	XNYS	14:30 - 21:00 (GMT)
BRAZILIAN EQUITIES
Name	Market	Trading Hours
	XNYS	14:30 - 21:00 (GMT)
CHINESE EQUITIES
Name	Market	Trading Hours
	XNAS	14:30 - 21:00 (GMT)
JAPANESE EQUITIES
Name	Market	Trading Hours
	XNYS	14:30 - 21:00 (GMT)
AUSTRALIAN EQUITIES
Name	Market	Trading Hours
	XASX	23:00 - 05:12 (GMT)
US ETF's
Name	Market	Trading Hours
	XASE	14:30 - 21:00 (GMT)
EU ETF's
Name	Market	Trading Hours
	XPAR	08:00 - 16:35 (GMT)
FUTURES
Name	Market
	CBOT, CME, NYMEX	24h


Margins start as low as % 0.5 (optional)
Client's of the CBF accounts between US$ 3,000 to US$ 20,000 will get a leverage margin of %0.5 as an option, between US$ 20,001 to US$ 50,000 will get a leverage margin of %1 as an option, and from US$ 50,001 will get leverage margin of %2. (NOTE: %2 is the default margin of all mentioned accounts).

Spreads start as low as 1
In CBF Trading system spreads start as low as 1 in Forex. You can read full list in the CBF Trading - Market Sheets.

CFD and Forex
Client's can trade now with CFD's (equities, indices, commodities, bonds, interest rates, forex, inflation). The hedging facility is available on all instruments.

Commission-Free trading
CBF do not charge a commission on its services and you can read about the Free commission by walk through CBF Trading - Market Sheets.

US$ 3,000 Minimum to open account
Live account with CBF Trading start from minimum deposit of US$ 3,000 only.

Dedicated accounts
CBF Trading Division is a part of Century Brothers Financial Limited, the trading giant in the financial industries and the first company offering dedicated accounts for the US$ 100,000 clients with independent third party "AA+" banks and high security solutions for any other clients fund.

All in one platform
Within one account you can trade CFD and Forex. In CBF Trading system competitive pricing on multi financial instruments, including indices, real-time margin calculation and risk-management notifications, easy software and technology for complete trading confidence, visual trading and one-click order entry, and place trailing stops and other order types to help manage your risk. You will get totally FREE services such as real time quotes, real time charts, analytics, and multi languages.

Legal Disclaimer: Century Brothers Financial Limited is an authorized financial company in British Virgin Islands. Registration number 1458255 issued by BVI Financial Services Commission (FSC), Registrar of Corporate Affairs under the BVI Business Companies Act, 2004. However, Century Brothers Financial Limited and its trading division ("CBF Trading") do not trade for or on-behalf of the clients who will trade directly to the market using CBF Software only.

Century Brothers Financial Limited and its trading division ("CBF Trading") do not hold any of the clients treads. The liquidity of CBF Trading prime is offered directly from a number of prime world wide banks (Up to 16 "A+" level banks and above), for that Century Brothers Financial Limited and its trading division ("CBF Trading") are not concerned of clients profits or risk. So CBF Trading is the most transparent trading system in the market. Click here for an important risk disclaimer and website warning.

Century Brothers Financial Limited and its trading division ("CBF Trading") are not agent and/or affiliated to any financial or trading company.