Contract for Difference (CFDs)

Contracts for Difference (CFDs)

Why you will love this

Gain leverage exposure to a variety of instruments in a single portfolio

Open long and short positions and profit from pricing differentials

Who can apply

Age 21 and above

Passed Customer Knowledge Assessment (CKA) under MAS requirements (for individuals)

For local application

Apply at a branch with these supporting documents 

  1. For Singaporeans and Permanent Residents:

    • NRIC/SAF/SPF ID and Passport

    For Malaysians:

    • IC and Singapore Residence Pass (e.g. Employment pass) if applicable

    For Foreigners:

    • Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable
  2. Provide us with the original or electronic copy of any of the following documents reflecting your name and address:

    • Bank statement from a Monetary Authority of Singapore (MAS) licensed bank
    • Latest CPF statement
    • Latest Notice of tax assessment from IRAS

Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.

For overseas application

Mail in the completed application forms with copies of:  

  1. Required for all:

  2. Provide a copy of your identification:

    For Singaporeans and Permanent Residents:

    • NRIC/SAF/SPF ID and Passport

    For Malaysians:

    • IC and Singapore Residence Pass (e.g. Employment pass) if applicable

    For Foreigners:

    • Valid Passport and Singapore Residence Pass (e.g. Employment pass) if applicable

    Bring your original ID, the photocopy and our account application form to any of the below authorised parties to witness your signature on the form and certify true copy of your ID:

    • Notary Public
    • Advocates & Solicitors
    • Singapore Embassy

    The witnessing officer should provide his/her name and contact details.

  3. Provide us with the original or electronic copy of any of the following documents relflecting your name and address:

    • Bank statement from a Monetary Authority of Singapore (MAS) licensed bank
    • Latest CPF statement
    • Latest Notice of tax assessment from IRAS

    Note: Document(s) must be dated no older than 3 months from date of application. If your mailing address is different from your residential address, please provide one document for each address.

  4. Mail it to us

    OCBC Securities Private Limited
    18 Church Street #01-00,
    OCBC Centre South,
    Singapore 049479

Benefits

Participate in both bull or bear markets

Taking long and short positions means you can take advantage of both directions of the market

Leverage up to 10x

Deposit S$1,000 and you can trade up to S$10,000 worth of shares

Usage of a Single Account

Trade in a variety of instruments in a single account

DMA CFDs available

Direct trade execution into the underlying market which provides for greater transparency

Risks

Possibility of magnified losses from leveraging

CFD is not suitable for you if your investment objective is capital preservation and you have low risk tolerance as losses may be unlimited.

Possibility of force-closure of CFD Contracts

A margin call will be triggered if your margin falls before the minimum requirement. If cash is not topped up, the contract may not be force-closed.

Possibility of market moving against you

The price of the underlying equity or index may move against your position

Before you apply

Eligibility requirements

Minimum age

21 years old and above

Passed Customer Knowledge Assessment (CKA) under MAS requirements (for individuals)

Must have a Basic Trading Account


Deposit requirements

Initial deposit

Initial deposit of S$X,000 or equivalent


Disclaimer

Risk warning for trading securities
Trading in securities can be very risky, and you may lose all or more than the amount invested or depositesd. Where necessary, please seek advice from an independent financial adviser regarding the suitability of any trade or investment product taking into account your investment objectives, financial situation or particular needs before making a commitment to trade or purchase the investment product. You should consider carefully and exercise caution in making any trading decision whether or not you have received advice from any financial adviser.

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