Trading Platforms
POEMS & CFDTrader – CFD Trading Platforms to suit your needs
Trading CFDs is easy and convenient as we have two different platforms to cater to different needs to our clients. Select POEMS, Phillip Online Electronic Mart System, for easy access via a website browser. Alternatively, frequent traders may find CFDTrader, a dedicated application-based platform designed for risk management more suited to their trading needs. Whichever platform you need to suit your lifestyle, we are certain you would be able to find one that would suit your needs amongst the Phillip CFD offering.
Online CFD Software Comparison
| POEMS | CFDTrader | |
|---|---|---|
| Support for order types | Only limit orders | Supports limit, stop-limit, trailing stop-limit, contingent and OCO orders |
| Customizability of interface | None | Background colours and types of information shown can be changed. Also includes support for multiple displays |
| Types of products that can be traded | Stocks, Exchange-Traded Funds (ETF), Forex, Gold, Futures, Unit Trusts, CFD, T-Bills and Bonds | Only CFD |
| Availability to traders | Require POEMS trading account with CFD trading facility | Complimentary for Phillip CFD clients to download. To continue usage, client is encouraged to have done at least 10 trades in the previous month or at least S$10,000 in the CFD account. |
| Accessibility | Fully web-based; can be accessed anywhere with a web browser and an internet connection. Internet Explorer versions 6 & 7 are supported | Desktop based trading platform that requires prior installation |
| Support for watchlists | Up to 5 watchlists can be customized with a maximum of 40 counters each | Unlimited number of watchlists with a maximum of 50 counters each |
| Availability of charts for CFD counters | Intra-day charts and historical charts, with different indicators and types of charts. | Intra-day charts and historical charts, with a large range of drawing tools, with the ability to save chart templates and customise interface easily |
| News feed | Yes, company related news and promotions as well as corporate actions of listed counters | Yes, same as POEMS but also includes the latest business news headlines |
| Types of transactions | CFD trades, withdrawals and transfers to other accounts | Only CFD trades can be done |
POEMS is a basic trading platform that is a good way for entry-level CFD traders to start. It may only allow for submission of limited orders in buying and selling of CFD, however it makes up for it by providing the capability to trade in other financial products and also allows clients to perform funds withdrawals and transfers. It is also extremely accessible, as users are not required to install any programs to use it.
CFDTrader is a much more focused trading platform that caters towards more sophisticated CFD traders. It only allows trading in CFD and carries with it a wide range of features that can aid clients in making the best decisions on counters, and include advanced order types to potentially maximise profits and minimise risks.
