One Good Trend, One Good Bar, One Good Volume - The Secret to Trading Successfully!
Phillip Capital's Top Tier Trader and Remisier.
Robin Ho is also a certified SGX Academy Professional Trainer.
Checklist to start trading CFD
Activate your CFD facility
> Acct Mgt > CFD tab > Online Acct Opening
After submitting the form, check that your risk declaration is recorded as completed: > Acct Mgt > CFD tab > RFS & RDS
Complete Client Knowledge Assessment Declaration
> Acct Mgt > Stocks tab > CAR & CKA form
Question 3b must be “yes” if you want to trade CFDs
If the answer is “no” you need to take the quiz here and email the certificate to us after you have passed: https://sips.abs.org.sg/
If the CFD you are trading is foreign/US listed
> Acct Mgt > Stocks tab > RWS Acknowledgement
> Acct Mgt > Stocks tab > Online Forms > US tax forms > W8 Ben form
Transfer fund into CFD (3 methods)
Fund transfer into POEMS Account for *CFD*
1) PayNow (CFD) - Unique Entity Number (UEN): 197501035Z - Reference Number is your 7 digit POEMS account number with "CFD" behind. e.g. 0123456CFD - In addition to the 7 digits of trading account number, please append suffix “CFD” e.g. 0123456CFD for direct crediting into CFD account. Source: https://www.poems.com.sg/payment/#paynow
2) FAST (CFD) - Beneficiary Bank: UNITED OVERSEAS BANK LIMITED - Beneficiary Name: Phillip Securities Pte Ltd - Beneficiary Account no: 451-311-493-6 - In addition to the 7 digits of trading account number, please append suffix “CFD” e.g. 0123456CFD for direct crediting into CFD account. Source: https://www.poems.com.sg/payment/#fast