Phillip CFD is a CFD broker that was registered in Singapore in 2007 and has its headquarters there as well. This broker primarily offers financial derivative trading services such as direct market access contracts for difference, world index contracts for difference, commodity contracts for difference, and foreign exchange (FX) contracts for difference.
Company Background
Phillip CFD is a brokerage firm offering trading services in direct market access contracts for difference, world index contracts for difference, commodity contracts for difference, and foreign exchange (FX) contracts for difference. The company is registered as Phillip Securities Pte Ltd and is headquartered in Singapore. According to information obtained from Whois, the domain name for Phillip CFD's official website was registered on September 19, 2007.
Regulatory Information
The company's official website does not currently provide regulatory information.
Trading Products
Phillip CFD offers a variety of trading products, including direct market access contracts for difference, world index contracts for difference, commodity contracts for difference, and foreign exchange (FX) contracts for difference.
- Direct Market Access Contracts for Difference: Direct Market Access (DMA) contracts for difference allow investors to enter the spot market directly through contracts for difference. When buy and sell DMA orders are submitted to Phillip CFD, the corresponding stock orders are sent to the exchange. When orders are filled at the actual exchange, the investor's trading platform is accordingly updated. Phillip CFD only offers DMA contracts for difference for Singapore contracts.
- World Index Contracts for Difference: With world index contracts for difference, index traders can make diversified investments across various markets. By going long and short on indices through contracts for difference, investors can trade based on the overall price movement of the entire stock index, rather than entering the market through individual companies. This is especially useful for investors looking to start investing in new markets but do not know how to due to unfamiliarity.
- Commodity Contracts for Difference: Commodities can be an effective hedge against inflation as commodity prices, especially oil, tend to rise during periods of accelerated inflation, whereas stocks usually perform better when the inflation rate is stable.
- Foreign Exchange (FX) Contracts for Difference: Through foreign exchange contracts for difference, investors can trade in the world's largest and most liquid financial market—the forex market—24 hours a day, five days a week. Investors seeking more forex trading opportunities and interested in currency trading will benefit from the market's fluctuations and global events.
Trading Platforms
Phillip CFD provides investors with four trading platforms: POEMS CFD MT5, POEMS Pro, POEMS 2.0, and POEMS Mobile.
- POEMS CFD MT5: Analyze trends and utilize technical analysis tools for optimal trading through the platform.
- POEMS Pro: Experience efficient execution across 12 global exchanges with a watchlist synced to the POEMS trading platform suite. In addition to limit orders, POEMS Pro also offers a range of advanced order types such as Stop-Limit, Limit-If-Touch, OCO, and If-Done orders, with various validities.
- POEMS 2.0: A personalized interface with integrated trading tools.
- POEMS Mobile: TradingView Charting is directly integrated into POEMS Mobile 3, offering the industry’s best charting tools.
Account Registration
The specific method for account registration on Phillip CFD's official website is as follows:
First, open the Phillip CFD official website and click “Open an Account” in the top right corner of the homepage.
Then, click “Apply Online Now”.
Finally, complete the account registration by filling in the information as per the steps provided.
Customer Support
Phillip CFD supports contact through multiple channels, including phone support, email support, and online chat.
- Phone Support: +65 6336 4564, +65 6336 3338, +65 6538 3221, +65 6336 0407.
- Email Support: cfd@phillip.com.sg.
Conclusion
Phillip CFD was registered in Singapore and does not currently provide regulatory information on its official website. Phillip CFD offers a variety of trading products, including direct market access contracts for difference, world index contracts for difference, commodity contracts for difference, and foreign exchange (FX) contracts for difference. TraderKnows reminds investors that contracts for difference may not be suitable for clients with a lower risk tolerance. Customers are advised to understand the nature and risks of margin trading.
Currently, Phillip CFD is marked as "Non-Regulation" on TraderKnows.
