Open a CFD Account

1. Fill in & submit the forms

2. We will validate your eligibility

3. Account Confirmation

Account Application

No Existing POEMS Account?

Open a Phillip Investment Account with CFD trading facility online. It’s quick and easy and takes less than ten minutes to complete!

  • At least 21 years of age
  • Not a U.S Person (an individual who is a U.S citizen or U.S resident)
  • Not a bankrupt

Singaporean/ Singapore PR/ Foreigner residing in Singapore

  • Identity Card (Pink or Blue)/ Passport with at least 6 months validity (Foreigners only)

 

Employed

  • A bank statement issued within the last 3 months OR
  • Latest CPF 3 months Contribution History Statements

Self Employed

  • A bank statement issued within the last 3 months OR
  • Latest Income Tax Notice of Assessment (from IRAS)

For mailing address which differs from your Identity Card / Passport (for Foreigners), please provide supporting document(s) that reflects your mailing address such as:

  • Utility bills OR
  • Statement from a Bank or branch regulated by MAS OR
  • Correspondence from any of the statutory boards or government bodies

All copies of documentation must be scanned or photographed from the original source documents.

Malaysian

  • Malaysia Identity Card AND
  • A bank statement issued within the last 3 months

For Mailing address which is different from your Identity Card, please provide supporting document(s) that reflect your mailing address such as:

  • Utility bills OR
  • Statement from any Financial Institutions in your country OR
  • Correspondence from any government bodies in your country

All copies of documentation must be scanned or photographed from the original source documents.

Foreigner not residing in Singapore

  • Passport with at least 6 months validity AND
  • A bank statement issued within the last 3 months in your countryFor residential and mailing addresses which are different or not indicated in your passport, please provide supporting document(s) issued within the last 3 months that reflect your residential and mailing addresses such as:
  • Utility bills OR
  • Statement from any Financial Institutions in your country OR
  • Correspondence from any government bodies in your country

For verification purposes, you may choose to:

  1. make an initial deposit (of not more than SGD 1,000 or its equivalent in any currency) via internet banking from your own bank account in Singapore, into our bank account (Phillip Securities Pte Ltd). Please indicate ‘0000000’ as the consumer reference number.Or
  2. make an initial deposit via telegraphic transfer (of not more than SGD 1,000 or its equivalent in any currency) into our bank account, with your name provided in the bank’s TT payment advice to show that funds are withdrawn from your own account with the bank (this is applicable only to applicants residing in FATF member jurisdictions). Please indicate ‘NEW – *your identification / passport number as per application* e.g. NEW – A123456 ’ in the remarks section. Our staff will be contacting you to provide you with the relevant TT details.Or
  3. provide copies of documentation which must be scanned or photographed from the original documents and must be signed by a Commissioner of Oath or Notary Public. The required signed documents to be sent to us after completion. For your convenience please click here for a self-address envelope.

Already have a POEMS Account?

Login to POEMS > Acct Mgmt > CFD > Online Account Opening

Alternatively, Please print out, complete the forms and mail to:

CFD Department
250 North Bridge Road
#06-00 Raffles City Tower
Singapore 179101

Customer Knowledge Assessment (CKA)

As a regulatory requirement, Singaporeans, Singaporean PRs and Foreigners residing in Singapore are required to complete the Customer Knowledge Assessment (CKA) to trade CFDs. The different methods to achieve a pass in CKA can be found in the CKA form.

 

You may declare your CKA status through the following methods:

1. After your CFD account is opened, declare online by logging into POEMS 2.0 > Acct Mgmt > Stocks > CAR & CKA Form

2. Download the CKA form here, complete the form and email it cfd@phillip.com.sg.

If you do not meet any of the CKA criteria, you may sit for the “Contracts for Difference” e-Learning module jointly developed by the Association of Banks in Singapore and Securities Association of Singapore.

How to Get Started

STEP 1: FUND

Click HERE for the various funding methods.

STEP 2: TRANSFER

Submit withdrawal form* to transfer funds from your Stock to CFD account.
Daily (trading day) cut-off time: 10am

*Login to POEMS account > Acct Mgmt > Stocks > Online Forms > Withdrawal Form > To transfer into account XXXXXX (CFD)

Account Opening Promotions

FreeTradesPromo

FREE TRADES WHEN YOU FUND

Receive up to 5 free CFD trades when you fund your CFD account with a minimum of S$5000 within the first 2 weeks. T&Cs apply.

TAWorkshop

HALF-DAY TA WORKSHOP

Kick start your trading by learning the basics of technical analysis, risk and money management through a structured syllabus.

trendforecastreports

DAILY TREND FORECAST REPORTS

Be ahead of the market, and receive the latest market analysis and insights powered by Trading Central everyday.

Other Matters

Please take some time to read our Infosheet before you begin trading CFDs.

Can I open a Phillip Account if I have a trading account with another securities firm?

Yes, there is no restriction to the number of trading accounts you can open.

How can I open an account if I am residing overseas?

For investors residing overseas, it is recommended to open an investment account with Phillip Securities. In accordance with the SGX-ST rules all account applications that are remotely signed require the endorsement by a Notary  Public or Commissioner of Oaths. A photocopy of your passport, declaration by the concerned Notary Public or Commissioner of Oaths and the deposit for the account should be submitted together with your application form for an investment account.

Do I need a Central Depository Account or linkage to trade CFDs?

No, you do not need a Central Depository Account or linkage to trade with Phillip CFD.

How long does it take to open a Phillip CFD account?

For existing Phillip Securities customers, the CFD trading facilities will be opened within three trading days, after their trading representative has signed off on the application form. For new clients, account opening will take around 5 working days.

How do I know if my CFD application is approved?

You will be informed by email when your Phillip CFD account is activated. Your trading representative will also be informed. In addition, you will be granted full access to the CFD trading page on your platform  as compared to the partial access before activation.

Is there any maintenance fee for the Phillip CFD account?

There is NO maintenance fee or administrative fee for the Phillip CFD account.

Can I have more than one CFD account?

Each customer is limited to 1 CFD account per trading representative. However, each customer is at liberty to open 1 CFD account with different trading representatives.