CFDs

Trade CFD with Phillip

  • No additional spreads for Equity CFDs & DMA CFDs
  • Most number of Asian Contracts available for shorting
  • Round the clock trade support
  • Voted Most Preferred CFD provider in Singapore (ShareInvestor Award 2013, 2014 & 2017) & Largest* CFD Provider in Singapore (Investment Trends 2010-2018)
*By primary relationships with CFD traders, based on Investment Trends Singapore CFD & FX Reports (2010-2018).

What is CFD?

CFD is an agreement between 2 parties to settle the difference between the opening and closing prices of the contract multiplied by the number of units of the underlying asset specified in the CFD. CFDs allow customers to participate in the price movement of an underlying product without actually owning the asset, which can be a share, an index, a commodity, etc.

Phillip CFD offers the following types of CFDs:

  • Equities CFD
  • Direct Market Access (DMA) CFD
  • Exchange Traded Funds (ETF) CFD
  • World Indices CFD
  • Commodities CFD
  • FX CFD
Benefits
Opportunities to participate in either bull or bear markets. You are able to short the market with no contract expiry date.
  • Short-sell occurs without having to borrow shares, no penalties, no buy-in
  • No need to maintain 2 separate accounts (SBL & Margin)
  • Overcome share delivery & settlement
  • No spreads for equity markets. Price movements mirrors underlying asset class
  • Diversify with CFD-Margin requirement as low as 5% (20x leverage) for FX CFD
  • Use CFDs to maximize your market involvement and hedge your portfolio
Risks
Leverage instrument. Depending on nature of trade, losses may be unlimited
Force-closure of CFD Contracts.
CFD may not be suitable for you if your:-
  • Investment Objective is CAPITAL PRESERVATION
  • Risk Tolerance is LOW

Commission Rates and Charges

Markets Commission Min Commission Finance Charges
Singapore CFD Index Component Stocks: 0.128%
Non-Index Component Stocks: 0.18%
S$25 / US$18 / EUR$16 / GBP$14 Long Finance Charges (DR): 6.75% p.a.

Short Finance Charges (DR): From 3.00% p.a.
Singapore DMA CFD Index component Stocks: 0.20%
Non-Index Component Stocks: 0.25%
S$25 / US$18 / EUR$16 / GBP$14 Long Finance Charges (DR): 6.75% p.a.

Short Finance Charges (DR): From 3.00% p.a.
Australia CFDs 0.20% A$15 Long Finance Charges (DR): 6.50% p.a.

Short Finance Charges (DR): From 3.0% p.a.
Malaysia CFDs 0.40% RM60 Long Finance Charges (DR): 5.5% p.a.
Hong Kong CFDs 0.25% HK$150 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): From 3.0% p.a.
China CFDs 0.25% CNY88 Long Finance Charges (DR): 7.00% p.a.
US CFDs 0.18% US$15 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
Japan CFDs 0.25% ¥2,000 Long Finance Charges (DR): 2.75% p.a.

Short Finance Charges (DR): From 2.75% p.a.
UK CFDs 0.25% GBP20 Long Finance Charges (DR): 7.50% p.a.

Short Finance Charges (DR): From 3.0% p.a.
Other charges will vary depending on market. Visit CFD-Pricing Page for more details.

World Indices Commission per side/lot Finance Charges
Singapore Index SGD1 CFD S$0.10 Long Finance Charges (DR): 6.75% p.a.

Short Finance Charges (DR): 4.00% p.a.
Singapore Index SGD20 CFD S$1.50 Long Finance Charges (DR): 6.75% p.a.

Short Finance Charges (DR): 4.00% p.a.
Straits Times Index SGD5 CFD S$3.00 Long Finance Charges (DR): 6.75% p.a.

Short Finance Charges (DR): 4.00% p.a.
KL Index MYR10 CFD RM4.99 Long Finance Charges (DR): 5.50% p.a.

Short Finance Charges (DR): 2.75% p.a.
China A50 Index USD1 CFD US$0.99 Long Finance Charges (DR): 7.50% p.a.

Short Finance Charges (DR): 2.00% p.a.
Hong Kong Index HKD1 CFD HK$3 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): 2.75% p.a.
Hong Kong Index HKD5 CFD HK$12.99 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): 2.75% p.a.
Hong Kong Tech Index HKD1 CFD HK$3 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): 2.75% p.a.
Hong Kong Tech Index HKD10 CFD HK$20 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): 2.75% p.a.
H-Shares Index HKD1 CFD HK$3 Long Finance Charges (DR): 7.25% p.a.

Short Finance Charges (DR): 2.75% p.a.
Japan 225 Index JPY100 CFD ¥99 Long Finance Charges (DR): 2.75% p.a.

Short Finance Charges (DR): 2.75% p.a.
Tokyo Index JPY1000 CFD ¥99 Long Finance Charges (DR): 2.75% p.a.

Short Finance Charges (DR): 2.75% p.a.
US SP 500 Index USD1 CFD US$0.20 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
US SP 500 Index USD5 CFD US$0.99 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
US Tech 100 Index USD1 CFD US$0.20 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
US Tech 100 Index USD5 CFD US$0.99 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
Wall Street Index USD1 CFD US$2.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
UK 100 Index GBP1 CFD GBP 1 Long Finance Charges (DR): 7.50% p.a.

Short Finance Charges (DR): 2.5% p.a.
Taiwan Index USD1 CFD US$0.50 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.

Commodities Commission per side/lot Finance Charges
Gold USD100 CFD US$5.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 5.0% p.a.
Gold USD1 CFD US$1.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 5.0% p.a.
Silver USD50 CFD US$1.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 5.0% p.a.
UK Oil USD100 CFD US$1.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
UK Oil USD1 CFD US$0.10 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
US Oil USD100 CFD US$1.00 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.
US Oil USD1 CFD US$0.10 Long Finance Charges (DR): 8.00% p.a.

Short Finance Charges (DR): 2.00% p.a.

*Rates subjected to changes.
**Based on 100% mark-to-market contract value.

FX CFD Commission Finance Charges Other charges
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/SGD AUD/USD
CAD/CHF CAD/JPY CAD/SGD
CHF/JPY CHF/SGD EUR/AUD
EUR/CAD EUR/CHF EUR/GBP
EUR/JPY EUR/NZD EUR/SGD
EUR/USD GBP/AUD GBP/CAD
GBP/CHF GBP/JPY GBP/NZD
GBP/SGD GBP/USD NZD/CAD
NZD/CHF NZD/JPY NZD/SGD
NZD/USD SGD/JPY USD/CAD
USD/CHF USD/CNH USD/HKD
USD/JPY USD/SGD USD/THB
$0 N.A Swap points adjustments will be applicable for overnight FX CFD positions. Please click here for more details.
Factsheets

FAQ

CFDs do not expire. CFDs are traded like most other types of securities.

Do note that when you trade CFDs with POEMS, every contract is valid for 30 calendar days, from the date the contract was opened. However, it is up to you to hold the contracts for a period you desire. Should you decide to hold the contract for a period longer than 30 days, the system will roll over the position automatically.

Contact us to Open an Account

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com