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Century Financial Consultancy LLC ("Century") does not offer investment advisory or portfolio management services nor guarantees investment returns. We do not accept or make payments in cryptocurrency or digital currency. Our official website is www.century.ae. Beware of fraudulent companies or websites posing as Century. We are not responsible for any losses from using fake websites or entities. Trading in financial markets involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. Before you start, please ensure you fully understand the risks involved.
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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

Before a client can open a Cash Equities account, they must have an existing CFD account (main account) with us.

Clients interested in trading Cash Equities should send an email to services@century.ae requesting to open an additional account dedicated to these products.

Yes, a dedicated Cash Equities account will be created for trading Cash Equities, ensuring a clear distinction between products.

Generally, it takes up to a day for the setting up of Cash Equities accounts.

Fees for US Cash Equities are set at 1 cent per share with a minimum of $4 per transaction.

Cash equities products are denoted by the symbol “. EQ." (Example TSLA.EQ)

No, Cash Equities require a 100% margin, meaning no leverage is available.

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.

Transactions for Cash Equities follow a T+2 settlement cycle, which means that settlement occurs two business days after the trade date.

The client can conveniently trade Cash Equities on the Century Trader App, offering you accessibility and ease of trading.

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.

No, Cash Equities are designed for long-only positions, which means clients cannot engage in short-selling.

No, fractional trading is not available for Cash Equities products currently.

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.

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.