COF Account Type

COF offers two types of trading accounts for its clients:

• Standard Account:
• This account does not charge a commission on trades. Instead, it applies a markup of 1 pip above the raw inter-bank prices received from liquidity providers.
• Raw Spread Account:
• This account displays the raw inter-bank spread received from liquidity providers. A commission of $7 per standard lot round turn is charged on this account.

Both accounts allow traders to access a wide range of financial products, including forex, precious metals, stocks, futures, and other CFDs.

COF Broker Account Opening Process

Opening a trading account with COF is a straightforward process that involves the following steps:

• Visit the COF Website: Go to the official COF website to find the account opening section.

• Choose Account Type: Select the type of account you wish to open (Standard or Raw Spread).

• Complete the Application Form: Fill out the online application form with your personal details, including:

• Full Name
• Physical and Mailing Addresses
• Social Security Number or Tax Identification Number
• Date of Birth
• Employment Information

• Identity Verification: You may be required to provide identification documents, such as a government-issued ID (passport or drivers license) and proof of address (utility bill or bank statement).

• Submit the Application: Review your application for accuracy and submit it. COF will review your application, which may include a background check.

• Account Approval: If your application is approved, you will receive an email with your new trading account details and login credentials.

• Fund Your Account: Link your bank account and deposit funds. COF typically allows funding via bank transfers, credit/debit cards, and other methods.

• Start Trading: Once your account is funded, you can begin trading on the COF platform.