Contracts for Difference
CFD stands for Contracts For Difference – a contractual agreement between two parties to settle the difference between the closing and the opening price at the close of contract. Simply put, it as an over-the-counter trading instrument that allows you to participate in the price movement of an underlying share or index, without the need or rights to ownership.
It is a simple and flexible trading tool that provides you the ability to trade with lesser capital than required in traditional investing while giving them the ability to long and short the market with ease.
Why Trade in Equities CFD with Phillip
- More Than 3000 Contracts to Long & Short From ONE Account
- Up to 10 Times Leverage
- 3 Calendar Days Free Financing (SG & US Equity Contracts), 1 Calendar Day (China Equity Contracts)
- Price Transparency
- Free Dedicated Platform, Live Charting & Education
- Competitive Rates & Promotions
- Amalgamation of Trades Across Buy & Sell. Learn more.
- Live Price Feeds Available
- No Minimum Deposit to Open an Account
- Round the Clock Support
- No Inactivity Fees
Disclaimer: This information is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the product mentioned. It does not have any regard to your specific investment objectives, financial situation or particular needs. Investments are subject to investment risks. The risk of loss in leveraged trading can be substantial and you could lose in excess of your initial funds. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low. You may wish to obtain advice from a financial adviser before investing in any investment products. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at https://www.phillipcfd.com)before trading in this product.