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.
 
 
 
 
 
 
 
 
 
 
 
 
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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.

© All rights reserved. Century Brothers Financial Limited on this web site since 2008.

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