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Kindly be informed that the Hong Kong market will be closed on 14th October 2021 due to Chung Yeung Festival.

As a result, all HK Equity CFDs and Index CFDs will not be trading on 14th October 2021.

Updated 13rd October 2021, 5:20pm

Kindly take note that the HK market will be closed for the day due to the Typhoon.

Hence, there will be no trading for HK Equities CFD, HK Index HKD1 CFD, HK Index HKD5 CFD, Hong Kong Tech Index HKD10 CFD and H-Shares Index HKD1 CFD today.

Updated 13th October 2021, 2:14pm

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 & EUR currency will apply with effect from 1 June 2021 on all CFD accounts as follow:

Currency Negative interest rate on Credit Balance

(Existing)

Negative interest rate on Credit Balance
(NEW)
YEN 0.3% p.a. 0.35% p.a.
EUR n.a. 0.35% p.a.

Credit interest for AUD and HKD will also cease from 1 June 2021 onwards.

Please be informed that rates are subjected to change from time to time without prior notice.

Updated 12th May 2021, 1:26pm

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.