All Bid (buyer) and Ask (seller) prices are quoted at live cash market prices, without any additional spreads on top of market spread. For Shares CFD and World Indices CFD, you buy at the current market Ask price and sell at the current market Bid price. For Direct Market Access (DMA) CFD, orders are done based on last done price according to price/time priority.

Shares CFD Example: A-Reits

You can sell at 2.010 immediately, and you can buy at 2.020 immediately. You may also choose to queue to sell at a higher price, or to queue to buy at a lower price, as long as you observe the queue restrictions.

If you queue to sell at 2.040, your queue order will be triggered when the price becomes 2.040/2.050.

If you queue to buy at 2.010, your queue order will be triggered when the price becomes 2.000/2.010.

Direct Market Access (DMA) CFD Example: A-Reits

DMA orders are only done based on last done prices, according to price/time priority. You can submit an order to buy or sell at 2.020 to transact immediately, but the order is subjected to the...

Phillip CFD orders may be fully done, part done or rejected. The usual reasons for rejection are insufficient funds, credit/ trading limit exceeded, etc.

Once you have opened your CFD account and deposited your initial margin, you can trade via the POEMS Online platform, CFDTrader or over the phone via your trading representative or the CFD Dealing Team.

Phillip CFD trades will be liquidated in a First-in-First-out (FIFO) basis.

The opposite contracts will always close out the first contract that was done on that counter.

In the event of technical glitches, please call +65 63363338 to speak to the Phillip CFD Dealing Team to assist you with your trades.

You may visit any of the Phillip Investor Centres to request for the Third Party Authorization form, which is a required procedure for you to appoint another person to trade on your account.

For Equities CFDs, we do not quote any spread on top of market spread to ensure price transparency for our customers. For World Indices CFDs, we typically quote a target spread, which is subject to variation, especially in volatile market conditions and may widen during out-of-trading hours.

All POEMS clients are subscribed to Singapore and Malaysia live prices by default. Customers who wish to subscribe to Hong Kong and US live prices can do so through www.poems.com.sg (Rewards points). Customers who do not subscribe to Hong Kong or US live prices will see delayed prices by default and they will still be able to trade these markets.