What is Amalgamation?
Amalgamation is a way of calculating commission charges. A collective commission is charged against the total value of the day’s transactions, instead of separate commissions for each transaction carried out. This saves the customer commission fees if the value of each individual commission per transaction falls below the minimum commission. Phillip CFD amalgamates buy and sell contracts of the same counter traded on the same day.
Note: Trades amalgamation is only available for certain CFD Products. Please refer to Phillip CFD site for more information.