Only for clients with existing POEMS accounts (enabled for CFD trading):
1. Log on to POEMS
2. Navigate to CFD -> Forms -> DMA Opt-In
3. Opt in to CFD DMA trading through the online form
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What is CFD (DMA)?
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Phillip Securities (PSPL) sends a corresponding stock order to the exchange upon receipt of the client’s CFD (DMA) order, allowing clients to participate in the order book of the exchange and the liquidity of the market.
Learn what is CFD (DMA) in just 2 minutes! Download our presentation here (PDF) |
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What´s So Good About CFD (DMA)?
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 Existing CFD account holders do not need to open a new account to trade CFD (DMA) Participate In The Order Book of The Exchange Besides the actual exchange trading hours, investors can also participate in the pre-opening and pre-closing sessions of the exchange. Phillip CFD (DMA) also allows you to participate in the order book of the exchange and this gives the investors greater visibility and control of their order.
Place Overnight Orders Phillip CFD (DMA) allows investors to place overnight orders for the next trading day.
As Low as 10% Margin Requirement As with CFD trading, clients trading CFD (DMA) are trading on leverage and only require a small portion (as low as 10%) of the total value of the trade to establish a position.
Convenience to Short Sell Phillip CFD allows you to establish a short CFD position on a company without having the need to sell the actual underlying shares. Clients can take a short position easily without the administrative hassles that accompany Share Borrowing and Lending (SBL) and constraints by the respective Exchanges (such as same day buy back, up tick rule)
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Which is More Suitable For You?
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Find out if normal CFD or CFD (DMA) is more suitable for you by completing this simple questionnaire:
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Compare CFD (DMA) and CFD
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CFD (DMA) |
CFD (Normal) |
| Additional Spread(s) |
No |
No |
| Participate in Order Book of The Exchange |
Yes |
No |
| Participate in Liquidity of The Exchange |
Yes |
No |
| Pre & Post Auction Participate in pre-opening & pre-closing trading sessions
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Yes |
No |
| Share Ownership |
No |
No |
| Commission |
0.33% |
0.2% or 0.3% |
| Capital Outlay |
As low as 10% |
As low as 10% |
| Overnight Order Submission |
Yes |
No |
| Trading Platform(s) |
POEMS Online
Phillip CFDTrader
Your Trading Representative |
POEMS Online
Phillip CFDTrader
Your Trading Representative |
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Rates and Promotions
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| CFD (DMA) |
Commission
* Rates subjected to changes.
GST on Commission |
Min
Commission |
* Finance Charges
* Based on 100% mark-to-market contract value
* Rates subjected to changes |
Current Promotion (s) |
Singapore
(SGX) |
0.33%
(Daily amalgamation basis on same counter, regardless of buy/sell) |
Min S$25 /
US$18 /
HK$150 |
Long : 5.5% p.a. (DR)
Short : 8.0% p.a.,
‡6% p.a. or #4% p.a. (DR)
‡#Selected SG counters
Based on 100% mark-to-market contract value |
From 1 Jul to 30 Sep 2010,
Index Comp Stocks
i) 0.22% Commission on Index Component Stocks (min comm applies)
ii) 5 calendar days FREE financing
Long Trades
iii) Long financing charges are reduced to 4.5% p.a. or 5.0% p.a.
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From 1 Apr - 31 Dec 2010,
All Trades
iv) Waiver of rollover commission for all SG Stocks CFD (DMA)
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Find Out More About CFD (DMA)
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Only for clients with existing POEMS accounts (enabled for CFD trading):
1. Log on to POEMS
2. Navigate to CFD -> Forms -> DMA Opt-In
3. Opt in to CFD DMA trading through the online form
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