Cathay Securities broker Accounts

cathay securities Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: cathay securities Account Types Overview

cathay securities Account Types Explained

Cathay Securities offers a variety of account types tailored to meet the needs of different traders. Below are the available account types along with their key features:

1. Standard Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:100
• Key Features: Access to a wide range of trading instruments, including forex and CFDs.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.0 pips with a commission of $5 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Tight spreads starting from 0.5 pips, commission varies.
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, dedicated account manager.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Similar to Standard Account, no swap fees.
• Leverage Options: Up to 1:100
• Key Features: Complies with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:100
• Key Features: Risk-free trading environment with virtual funds.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account

Part 2: cathay securities Account Features Comparison

Detailed cathay securities Account Features

When comparing the features across different account types at Cathay Securities, the following aspects are considered:

• Minimum Deposit:

• Standard: $500

• ECN: $1,000

• Pro: $5,000

• Islamic: $1,000

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:100

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:100

• Demo: Up to 1:100

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $5 per lot

• Pro: Varies

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo Account Features:

• Virtual balance for practice trading.

• Access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Suitable for beginners.

• Access to various trading instruments.

• ECN Account:

• Tight spreads and fast execution.

• Direct market access.

• Ideal for scalping strategies.

• Pro Account:

• Enhanced trading conditions.

• Dedicated support.

• Suitable for professional traders.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Virtual funds available.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Very high minimum deposit.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• Similar features to Standard Account.

• Demo Account:

• Limited to virtual funds.

• No real market experience.

Part 3: cathay securities Account Opening Requirements

cathay securities Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Not specified in the sources.

Identity Verification Documents Needed:

• Government-issued ID (passport or national ID).
• Proof of residence (utility bill or bank statement).

Additional Documentation for Professional Accounts:

• Business registration documents (for corporate accounts).
• Additional financial statements may be required.

KYC/AML Compliance Procedures:

• Verification of identity and address.
• Assessment of the source of funds.

Verification Time Frames:

• Typically within 1-3 business days, depending on the completeness of submitted documents.

Part 4: cathay securities Account Opening Process

Step-by-Step cathay securities Account Opening Guide

1. Visit Website and Click Registration: Go to the Cathay Securities website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload the necessary identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences:

• The registration process is similar on both platforms, but mobile registration may have streamlined steps for convenience.

Common Registration Issues and Solutions:

• Issue: Document not accepted.

• Solution: Ensure documents are clear and meet specified requirements.

• Issue: Delay in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time:

• Typically 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types:

• Contact customer support to request changes to your account type.

Part 5: cathay securities Demo Account Information

cathay securities Demo Account Guide

Demo Account Features and Benefits:

• Risk-free trading environment with virtual funds.
• Access to all trading instruments available in live accounts.
• Ideal for practicing trading strategies without financial risk.

How to Open a Demo Account:

• Visit the Cathay Securities website and select the demo account option.
• Complete the registration form and submit.

Demo Account Limitations:

• Limited to virtual funds; cannot be used for real trading.
• Time-limited access may apply.

Virtual Balance Amount:

• Typically set at $10,000 or similar for practice purposes.

Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading risks and potential profits/losses.

Duration/Expiry of Demo Accounts:

• Demo accounts usually expire after 30 days, but this may vary based on the broker's policy.

Part 6: cathay securities Islamic Account (if available)

cathay securities Islamic Account Details

Swap-Free/Islamic Account Availability:

• Yes, Cathay Securities offers Islamic accounts that comply with Sharia law.

Eligibility Requirements:

• Must be a Muslim trader seeking a compliant trading option.

Differences from Standard Accounts:

• Islamic accounts do not incur swap fees, aligning with Islamic finance principles.

How to Apply for Islamic Account:

• Select the Islamic account option during the registration process and provide necessary documentation.

Restrictions or Special Conditions:

• Must adhere to Islamic trading principles; no interest-based transactions.

FAQs – cathay securities Account Types & Opening

1. What account types does cathay securities offer？

• Cathay Securities offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $500, ECN: $1,000, Pro: $5,000, Islamic: $1,000, Demo: N/A.

1. How long does cathay securities account verification take？

• Verification typically takes 1-3 business days.

1. Does cathay securities offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with cathay securities？

• Yes, you can open multiple accounts.

1. Does cathay securities offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a cathay securities account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.