With the findings of the Investment Trends 2013 Singapore CFD & FX report, based on an online survey of over 10,000 investors, Phillip Securities is pleased to announce that Phillip CFD remains as the largest CFD provider in Singapore for the fourth year running, with 44% of traders having an account. Phillip CFD managed to increase its market share in spite of the decline in the number of new traders entering the market following the introduction of the Customer Account Review (CAR) and Customer Knowledge Assessment (CKA) by the Monetary Authority of Singapore (MAS) in 2012.
This is partly due to the fact that relative to the market, Phillip CFD is more likely to be associated with the brand attributes ‘financially stable’ and ‘trustworthy’, which are important considerations for CFD traders when choosing a new broker. We would like to thank Singapore traders for their vote of confidence and continuous support.
In addition, Phillip CFD’s commitment to education has been acknowledged as our customers have given us a higher satisfaction score than previous years. We strongly believe that through education traders can improve their skills, which spurs us into providing regular seminars and webinars on market outlook and CFD strategies for new clients and experienced traders.
As one of the most recognised brand amongst all brokers and the first to provide CFDs in Singapore since 2003, Phillip CFD is committed to providing an even better trading experience not only in Singapore but also globally, starting in Australia where we have started providing CFDs since July this year.