FAQ

Statements and contract notes are available via e-mail. MF Global Singapore supports an on-line account system (eMIDAS) whereby all customers can access their account via a web-browser.

MF Global’s reputation as a broker around the globe is second to none. Our high standard of service is what we pride ourselves on. MF Global is globally regulated by the following organisations:

- MAS (Monetary Authority of Singapore) in Singapore
- FSA (The Financial Services Authority) in the UK
- NFA (National Futures association) in the USA

MF Global is a market participant on many of the world’s major exchanges in most financial centres including New York, London, Germany, Italy, Belgium, Sweden, Ireland, The Netherlands, Switzerland, France and Australia.

Interest is not paid on fund deposits.

Cleared funds must be in your account prior to trading. Funds may take up to two business days to clear (typically 1 day for EFT and 2 days for cheques). Acceptable forms of payment include direct deposit, personal cheque, or telegraphic transfer.

If you hold a long CFD, you will be credited with an amount equal to the gross dividend (less any applicable withholding tax) on the underlying shares (CFDs do not confer rights to any dividend imputation credits). Conversely, if you hold a short CFD, your account will be debited an amount equal to the gross dividend on the underlying shares.

CFDs do not have an expiry date. As long as your account can support any variation in margin and interest amounts incurred, you can hold your CFD position indefinitely.

MF Global Singapore Pte Limited requires a minimum of S$10,000 to open a CFD trading account.

Yes. You may also place orders into the system outside market hours and eMpower will release them to the market when the market opens.

CFDs do not entitle you to any rights in connection with the underlying shares.

Corporate actions, dividends and special dividends that affect a stock will be reflected in the value of your CFD account. The effect of corporate actions on your CFD will fully replicate that of the stock on the underlying exchange (exclusive of franking and imputation credits).

Yes. As you are trading in the real market you are able to take part in the opening price auction prior to market open and in the closing price auction after market close.

MF Global Singapore currently offers CFDs on different exchanges around the globe. Over the phone MF Global Singapore Pte Limited are able to execute CFD orders on Singapore, Hong Kong, Japan, Australia, New Zealand as well as stocks on US, UK, European and various other Asian exchanges. Using eMpower you are able to trade CFDs on shares listed on Singapore, Hong Kong, Japan, Australia and New Zealand exchanges.