Phillip CFD Remains as Singapore's Largest CFD Provider

Press Release   •   Dec 17, 2013 11:21 SGT

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 CFD 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 for education than in 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.

Since 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers.

Our comprehensive suite of financial products and services includes fund management, managed accounts, unit trusts, insurance planning, regular savings, contracts for difference, exchange traded funds, investment research, equity financing, property; and broking in bonds, securities, futures, foreign exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

With more than 3,500 employees and over 900,000 clients worldwide, our assets under custody/management totals to more than USD 24 Billion with shareholders' funds in excess of USD 1 Billion.

PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.