Frequently Asked Questions
– Prepaid (CC)
Are there any charges for transferring money into or out of the trading account?
Can I get ‘leveraging’ facility from this account type?
Can I sell the SGX listed shares which I have in my CDP account?
Can I trade CPF/SRS shares?
Can I transfer my shares from my existing Phillip Account to the Phillip Investment Account?
Can I transfer my existing shares held in another brokerage to this account?
Can the foreign share custody fees be waived?
Can the quarterly maintenance charge be waived?
What are the charges for this account?
What are the commission rates for Prepaid account?
What are the modes of putting money into the Prepaid account?
What if I close my open position before the due date?
What is the buying limit for Prepaid account?
What is the credit interest paid on the cash placed in the Prepaid account?
When can I expect funds to be credited into the Phillip Account after I have sold my shares?
When will my account be debited for my share purchases?
Where are the shares kept in Prepaid account?
Which market can I trade with Prepaid account?
With the multi-currency facility, will there be automatic conversion of currency for trade settlement?
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