Contracts For Difference

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) & Largest* CFD Provider in Singapore (Investment Trends 2010-2016)
*By primary relationships with CFD traders, based on Investment Trends Singapore CFD & FX Reports (2010-2016).

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
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 10% (10x leverage) for Equities CFD
  • Use CFDs to maximize your market involvement and hedge your portfolio
  • Lower commission rates as compared to trading stocks.
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
Shares CFD SGX



DMA SGX
Index component Stocks: 0.128%
Non-Index Component Stocks: 0.18%

Index component Stocks: 0.20%
Non-Index Component Stocks: 0.25%
S$25 / US$18 / HK$150 Long Finance Charges (DR): 4.0% p.a.

Short Finance Charges (DR): 3.0% p.a.
Australia CFDs 0.20% AUD$15 Long Finance Charges (DR): 6.0% p.a.

Short Finance Charges (DR): 5.0% p.a.
Malaysia CFDs 0.50% RM60 Long Finance Charges (DR): 5.5% p.a.

Short Finance Charges (DR): 4.0% p.a.
Hong Kong CFDs 0.25% HK$150 Long Finance Charges (DR): 5.5% p.a.

Short Finance Charges (DR): 8.0% p.a.
China CFDs 0.25% CNY88 Long Finance Charges (DR): 7.5% p.a.
US CFDs 0.18% US$15 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Japan CFDs 0.25% JPY2,000 Long Finance Charges (DR): 3.5% p.a.

Short Finance Charges (DR): 4.0% p.a.
Other charges will vary depending on market. Click here for more details

World Indices Commission per side/lot Finance Charges
Singapore Index SGD20 CFD S$1.50 Long Finance Charges (DR): 1.0% p.a.

Short Finance Charges (DR): 3.0% p.a.
Straits Times Index SGD5 CFD S$3.00 Long Finance Charges (DR): 1.5% p.a.

Short Finance Charges (DR): 2.5% p.a.
FBM KLCI MYR10 CFD RM4.99 Long Finance Charges (DR): 4.0% p.a.

Short Finance Charges (DR): 4.0% p.a.
FTSE China A50 Index USD1 CFD US$0.99 Long Finance Charges (DR): 4.0% p.a.

Short Finance Charges (DR): 4.0% p.a.
Hong Kong Index HKD5 CFD HK$12.99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Indonesia Index USD 1 CFD US$0.99 Long Finance Charges (DR): 7.0% p.a.

Short Finance Charges (DR): 7.0% p.a.
Japan 225 Index JPY100 CFD ¥99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Taiwan Index USD20 CFD US$0.99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Tokyo Index JPY1000 CFD ¥99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Australia Index AUD 5 CFD A$2 Long Finance Charges (DR): 5.0% p.a.

Short Finance Charges (DR): 4.0% p.a.
US SP 500 Index USD5 CFD US$0.99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
US Tech 100 Index USD5 CFD US$0.99 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Wall Street Index USD1 CFD US$2.00 Long Finance Charges (DR): 2.5% p.a.

Short Finance Charges (DR): 3.0% p.a.
Gold USD100 CFD US$5.00 Long and Short Finance Charges (DR): 2.5% p.a.

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