Phillip Investment Account – Prepaid (CC)

No charges for fund transfers except for Telegraphic Transfer.
No. If you wish to have ‘leveraging’ facility, you can consider opening a Phillip Investment Margin Account. Please note that the commission rate for Prepaid and Margin account is different. For more information, please view Phillip Investment Margin Account.
You will need to transfer the shares from your CDP account into your account with Phillip Securities before you can sell it.
No, CPF/SRS shares cannot be traded in the Prepaid account.
Yes, do note that an administrative charge of SGD$60 (before GST) applies for each counter transferred.
Yes, we will automatically waive the monthly charges if you have at least two trades in your account for the month, regardless of trade size and whether you trade local or foreign shares in that account.
Yes, as long as a minimum of 1 trade (regardless local or foreign and regardless of trade size) is performed in the Prepaid Account in the quarter. Quarterly trading activity is assessed at the end of March, June, September and December.
Please refer to Phillip Cash Prepaid Infosheet.
Commission rates vary depending on the markets and trading modes used to execute the orders. Please click here to view the commission rates.
Please refer to the list of payment modes available that can be found in the Cash Prepaid Account Information Sheet.
The buy and sell contracts will be settled by debiting and crediting your account accordingly.
The buying power is based on the amount of available cash in the account. There is no minimum deposit requirement. Buying power is restored immediately once the sell order is filled. The available cash takes into consideration outstanding purchase and sale contracts.
Sale proceeds will be credited into your Phillip Account on due date.
Your account will be debited on due date.
Any shares purchased via this account will be held under the custody of Phillip Securities.
You can trade all markets offered by Phillip Securities. Please click here for more information.

Please take note that there will not be any automated currency conversion for trade settlement in the trading account. Customers are required to take the necessary steps to either transfer money into the trading account or submit a currency conversion request to avoid being charged debit interest.

For more information, kindly refer to the section on Multi-Currency facility and Currency Conversion feature