Robin Ho Smartrade: Margin Call

Margin Call

Important Notice Regarding CFD Margin Call

Margin call is calculated based on the closing price of the previous trading day.

How to check for margin call?

POEMS website (web browser)

- Click on Account Management > CFD > Account Details (picture 1).

POEMS Mobile App

- Click on the menu at the top left hand corner > Alert > Account Alerts (picture 2).

Kindly check your account every morning for margin call. Do not rely on our WhatsApp reminders.

- For Day 1 margin call, you may choose to transfer before the end of the day to reset to day 0, or wait for closing price to see whether margin call will be reduced

- For Day 2 or immediate margin call, you need to transfer in fund by 230pm to avoid forced liquidation.

If fund is not received before the cut off time for Day 2 and immediate margin calls, CFD department has the right to liquidate your positions without notice.

*Direct Fund Transfer into CFD account - 3 options*

*Fund transfer using PayNow*
- 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

*Payment by FAST*
- 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

*Payment by eNets* (min $1000)
- Login to POEMS POEMS > Acct Mgmt > Deposit Fund > Choose (CFD), not (C)
Source: https://www.poems.com.sg/payment/#enets

Picture 1: Checking for CFD Margin Call using POEMS website