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)
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
- 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
- Investment Objective is CAPITAL PRESERVATION
- Risk Tolerance is LOW
Markets Offered
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. |
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 | |||||||||||||||||||||||||||||||||||||||
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$0 | N.A | Swap points adjustments will be applicable for overnight FX CFD positions. Please click here for more details. |
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.