How much you need for 1 contract of KLCI CFD?
Each contract only requires 5% margin (e.g like a deposit or down payment), which means if KLCI is now 1650, one contract will worth RM16500, but you only need 5% of that to own 1 contract which is RM825
How it works is each point up or down is reflected in the Name of the CFD contract
FBM KLCI MYR10 - this means each point is 10 Ringgit. If you long 1 contract and it goes up 20point, you make RM200, if down 20point you lose RM200
commission for KLCI cfd is RM5 per side/lot. Interest is 4% per year(usually you dont hold very long for index, so you can calculate this by per day basis)
More other CFD product details can refer to the link below.
Phillip CFD Products List (S'pore, M'sia, US, HK, China, World Indices, ETFs)
Expiry date?
For CFD all profit and losses are instant, if you make a profit, the money will credit into you available cash, if you lose it will deduct from your available cash. You can open a contract as long as possible and provided you have enough Available cash in your CFD account. Unlike futures, this does not have an expiry date that you have to close off the position.
Margin Call
In the Event your Available cash falls below ZERO, that will be the margin call, you can either choose to top up the account or you can close the position.
Getting Started
You have to Fund the account for CFD trading, Click ==> Can Contact me and my Team for the upcoming Seminar. Or 1 on 1 Consultation**T&C( Very Limited Seats, Contact us Now) <==Click
For CFD index trade, you have to note that you will receive dividend when you Long the index, and you will have to Pay dividend if you Short the index.
Below are the available Index on Phillip CFD
| No | Company Name | Symbol | Market | Type | Trade Curr | Trade Min Size | Margin Req | CFD Trading | CFD (DMA) Trading | Status | Note | ||
| 1 | Aust200 Index A$5 CFD | ASX.OI | INDX | Index | A $ | 1 | 5% | Long | Short | Target Spread: 3 pts. | |||
| 2 | FBM KLCI MYR10 CFD | KL.OI | INDX | Index | RM | 1 | 5% | Long | Short | Target Spread: 3 pts. | |||
| 3 | FTSE China A50 USD1 CFD | CNA.OI | INDX | Index | US $ | 1 | 20% | Long | Short | Target Spread: 10 pts (09:01 - 15:53), 20 pts (16:41 - 01:54) | |||
| 4 | Gold USD100 CFD | GD.OI | INDX | Index | US $ | 1 | 20% | Long | Short | ||||
| 5 | Hong Kong Index HKD5 CFD | HSI.X.HK | INDX | Index | HK $ | 1 | 5% | Long | Short | Target Spread: 8 pts. | |||
| 6 | Indonesia Index USD1 CFD | INDO.OI | INDX | Index | US $ | 1 | 20% | Long | Short | ||||
| 7 | Japan 225 Index JPY100 CFD | N225.JP | INDX | Index | ¥ | 1 | 5% | Long | Short | Target Spread: 10 pts | |||
| 8 | Singapore Index SGD20 CFD | SGBC.OI | INDX | Index | S $ | 1 | 5% | Long | Short | Target Spread: 0.3 pts | |||
| 9 | Straits Times Index SGD5 CFD | IXP/N.SG | INDX | Index | S $ | 1 | 5% | Long | Short | Target Spread: 3.6 pts | |||
| 10 | Taiwan Index USD20 CFD | TW.OI | INDX | Index | US $ | 1 | 20% | Long | Short | Target Spread: 0.3 pts | |||
| 11 | Tokyo Index JPY1000 CFD | TBI.OI | INDX | Index | ¥ | 1 | 5% | Long | Short | Target Spread: 1 pt | |||
| 12 | US Rus2000 Index USD10 CFD | RUSSB.OI | INDX | Index | US $ | 1 | 5% | Long | Short | Target Spread: 0.5 pts | |||
| 13 | US SP 500 Index USD5 CFD | INX | INDX | Index | US $ | 1 | 5% | Long | Short | Target Spread: 0.5 pts | |||
| 14 | US Tech 100 Index USD5 CFD | NDX.X | INDX | Index | US $ | 1 | 5% | Long | Short | Target Spread: 1 pt | |||
| 15 | Wall Street Index USD1 CFD | DJI | INDX | Index | US $ | 1 | 5% | Long | Short | Target Spread: 4 pts | |||
