We would like to inform you that we will be revising the interest rates on our CFD Margin Excess and Deficit Interest.
Please refer below the revised rates and take note that these new interest rates will be effective from 1 October 2023.
The new interest rates are:
If you have any enquiries, please feel free to drop us an email at cfd@phillip.com.sg
Phillip CFD will be revising our finance charges for some of our products on both POEMS CFD and POEMS CFD MT5. Please take note that these new rates will be effective from 21 August 2023 (Monday). The new rates are:
We are pleased to inform that the following Thai SDRs are now available for CFD trading.
| Name | Margin Requirement |
| Airports of Thailand (AOT) SDR | 30% |
| CP All (CPALL) SDR | 20% |
| PTT Exploration & Production (PTTEP) SDR | 20% |
Updated 8th June 2023, 9:40am
Phillip CFD will be revising our interest on credit balance. Please take note that these new interest rates will be effective from 1 December 2022 (Thursday). The new rates are:
Following Phillip Securities Pte Ltd’s review of the prevailing interest rate environment, we would like to inform that changes in negative interest on credit balances in YEN currency will apply with effect from 1 December 2022 on all CFD accounts as follow:
| Currency | Negative interest rate on Credit Balance
(Existing) |
Negative interest rate on Credit Balance (NEW) |
| YEN | 0.35% p.a. | 0.50% p.a. |
Please be informed that rates are subjected to change from time to time without prior notice.
Updated 1st Dec 2022, 9:30am
In accordance to new regulations introduced by the Monetary Authority of Singapore (MAS), all clients who wish to continue trading CFDs will be required to do a one-time acknowledgement of the Risk Fact Sheet provided by PSPL.
From 8th October 2019 onward, you will not be able to place any new CFD orders until you have acknowledged the Risk Fact Sheet. Please acknowledge the Risk Fact Sheet as early as possible to prevent any disruption to your trading activities.
The Risk Fact Sheet can be acknowledged online through POEMS 2.0 by following the steps below:
1. Login to POEMS 2.0
2. Go to Acct Mgmt > CFD > RFS & RDS
3. Read through and acknowledge at the bottom of the page
For joint account holders, both account holders will be required to acknowledge the physical copy of the Risk Fact Sheet separately and email the scanned copy to cfd@phillip.com.sg. Please indicate your joint account number on the top right corner. The Risk Fact Sheet can be downloaded here.
Force-Closure of Short Sell Positions:
When you are short-selling, you are at risk of having your position forced-closed if our borrowed shares are recalled by the lender. For more information, please refer to our Terms and Conditions, Section 7 “Market Disruption, Suspension of Trading, Delisting of Underlying Financial Instrument or Closure of Hedge Position”.
Maximum Order Size:
Do note that any limit order for Equities CFDs submitted at prevailing market bid/ask prices exceeding the following limit(s) might be rejected or delayed subject to our approval:
Shares CFD (whichever has a lower contract value)
1) Maximum quantity per order: 500,000 shares
2) Maximum contract value per order: S$300,000
DMA CFD (whichever has a lower contract value)
1) Maximum quantity per order: 500,000 shares
2) Maximum contract value per order: S$500,000
It is therefore highly recommended for you to split large orders into multiple smaller ones for submission.
