Phillip CFD - Contracts For Difference

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中文股票差价合约资料表

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Contact Us
Trading Line: (65) 6336 3338
Account Enquiry: (65) 6336 4564
Fax: (65) 6334 2015
Email: cfd@phillip.com.sg

Night Dealing: (65) 6538 2023 /
6538 3221
(US CFD, from 9:30pm onwards)

Equities CFD		Equities CFD Shares CFD Trading Direct Market Access (CFD)
What is Contracts For Difference? Why Trade Equities with Phillip CFD? \| List of Equities CFD Comparison of our Different Equities CFD

What is Contracts For Difference?

Contracts For Difference (CFD) is an investment that allows you to participate in the price movement of an underlying share, without the need for rights to ownership. It is a contractual agreement between two parties to settle the difference between the closing and opening price at the close of contract. This allows investors to trade on the bull or bear markets, and have flexibility in trading strategies. The beauty of CFD Trading is the ease with which investors can alternate their buying or selling strategies depending on marketing conditions and portfolio needs.

Trading CFD is similar to shares trading. However, no share ownership is involved as it is a derivative suited for investors who want to benefit from the price movements of the underlying share. CFD trading overcomes the hassle of share clearing and settlement, offering investors greater trading convenience and better features as to normal share trading. It is therefore a unique trading instrument that allows the customers to trade in stocks with the key features of leveraging and short-selling.

Why Trade Equities with Phillip CFD?

Convenience to Short Sell *

A CFD allows you to take position on a stock without needing to buy and sell the shares themselves. Therefore, CFD investors can take short positions, and not be limited to the T+30 days contra period or be tired out by the administrative hassles that accompany SBL trading.

Leverage

As CFDs are traded on margin, customers need only a small portion (as low as 10%) of the total value of the trade to establish a position.

Portfolio Diversification

Besides SGX, HKSE and KLSE, customers now have the added advantage of diversifying their stocks and CFD portfolio with selected companies listed on the NYSE and NASDQ.

Sophisticated Trading Strategies

You will have the added ability to protect your existing share portfolio against adverse market conditions by utilizing the Phillip CFDs to hedge your exposure, via strategies such as pair trading and spread trading.

* Share Borrowing and Lending (SBL) facility allows you to short the market by borrowing shares, the accompanying administrative hassles often results in investors missing out on the ‘right’ price to sell.

List of Equities CFD

Comparison of our Different Equities CFD

	CFD (DMA)	CFD (Normal)
Additional Spread(s)	No	No
Participate in Order Book of The Exchange	Yes	No
Participate in Liquidity of The Exchange	Yes	No
Pre & Post Auction Participate in pre-opening & pre-closing trading sessions	Yes	No
Share Ownership	No	No
Commission	0.33%	0.2% or 0.3%
Capital Outlay	As low as 10%	As low as 10%
Overnight Order Submission	Yes	No
Trading Platform(s)	POEMS Online Phillip CFDTrader Your Trading Representative	POEMS Online Phillip CFDTrader Your Trading Representative

CFD is a leveraged product and carries a high level of risk. As it is possible to lose more than your initial investment, this product may not be suitable for all investors. Please read the Trading Terms & Conditions and Risk Disclosure Statement before investing in this product.