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Cash Equities
Cash equities are Sharia-compliant if the shares of companies align with the principles of Islamic law and ethical standards in their business operations.
Cash equities refer to traditional stocks, which represent ownership in a company. When an investor holds cash equities, they own shares of a company's stock and thus have ownership in the company proportional to the number of shares they hold. This ownership often comes with certain rights, such as the right to vote on company matters at shareholder meetings.
The term "cash" in "cash equities" differentiates these securities from derivative instruments. In the context of financial markets, "cash" typically means the physical form of an asset, as opposed to a derivative or a contract based on the future value of an underlying asset.
FAQs
1. What are the prerequisites for opening a Cash Equities account?
Before a client can open a Cash Equities account, they must have an existing CFD account (main account) with us.
2. How can a client request the creation of a Cash Equities account?
Clients interested in trading Cash Equities should send an email to services@century.ae requesting to open an additional account dedicated to these products.
3. Will the Cash Equities account be separate from the main CFD account?
Yes, a dedicated Cash Equities account will be created for trading Cash Equities, ensuring a clear distinction between products.
4. How long does it take to open and set up of Cash Equities account?
Generally, it takes up to a day for the setting up of Cash Equities accounts.
5. What is the fee structure for US Cash Equities transactions?
Fees for US Cash Equities are set at 1 cent per share with a minimum of $4 per transaction.
6. What is the symbol for cash equities products?
Cash equities products are denoted by the symbol “. EQ." (Example TSLA.EQ)
7. Is leverage available for Cash Equities?
No, Cash Equities require a 100% margin, meaning no leverage is available.
8. How many US stocks are currently offered for Cash Equities trading, and are there plans to expand the selection?
Currently, we offer 128 US stocks for Cash Equities trading. We are actively working to expand this selection to meet the evolving requirements of our clients.
9. How does the settlement process work for Cash Equities?
Transactions for Cash Equities follow a T+2 settlement cycle, which means that settlement occurs two business days after the trade date.
10. Where can clients trade Cash Equities?
The client can conveniently trade Cash Equities on the Century Trader App, offering you accessibility and ease of trading.
11. Are there plans to expand the product range beyond Cash Equities?
Yes, we are actively working to expand our product range, which may include ETFs, DFM, ADX, and Tadawul stocks, providing a broader spectrum of investment opportunities.
12. Can clients engage in short selling with Cash Equities?
No, Cash Equities are designed for long-only positions, which means clients cannot engage in short-selling.
13. Is fractional trading with Cash Equities products possible?
No, fractional trading is not available for Cash Equities products currently.
14. Can the client transfer my positions held at another financial institution to your platform?
Yes, clients can transfer their positions held at another financial institution, such as IBKR, to our platform. However, it's essential to verify the availability of specific stocks for transfer.
15. How can I transfer funds to my Cash Equities account?
Clients can continue sending funds to CFC’s FAB and ENBD bank accounts, just as they do with their CFD Accounts. Both the CFD account and Cash Equity account will also be seamlessly integrated into the Client Portal, allowing the client to transfer funds and manage their accounts efficiently.
Ready to Invest?
Explore a new trading experience with
Century Trader App
Losses can exceed your deposits
Ready to Invest?
Explore a new trading experience with
Century Trader App
Losses can exceed your deposits
Regulated by SCA
Century Financial Consultancy LLC
Reach us:
-
Dubai
6th Floor, Emaar Square Building 4,
Downtown, Dubai, P.O. Box 65777,
Dubai, United Arab Emirates -
Abu Dhabi
Office 3014, 30th Floor
Tamouh Tower, Building 12, Marina Square,
Al Reem Island, Abu Dhabi - +971 (4) 356 2800
- info@century.ae
Disclaimer: Trading in financial products carries risk. Trading in leveraged Over-The-Counter (OTC) Derivative products (including Contracts for Difference (CFDs) and spot foreign exchange contracts) involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. OTC Derivative products / CFDs are complex financial instruments that do not confer any claim or right to the underlying financial instrument. Transactions in these instruments are very risky, and you should trade only with the capital you can afford to lose. Before deciding to trade on these products, you should consider your investment objectives, risk tolerance and your level of experience. Accordingly, you should ensure that you understand the risks involved and seek independent advice from professionals, if necessary.
Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 20200000028 and, 20200000081 to practice the activities of Trading broker in the international markets, Trading broker of the OTC derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of UAE and registered with the Department of Economic Development of Dubai (registration number 768189). CFC has its registered office at 601, Level 6, Building no. 4, Emaar Square, Downtown, Dubai, UAE, PO Box 65777.
Any content available on our website is presented solely to provide information and educate visitors. Under no circumstances is any of this content meant to be construed as an offer, recommendation, advice, or solicitation to buy or sell securities or other financial products.
This website's information is not intended for use by anybody residing outside UAE or where such use would violate local laws or regulations.
