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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

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Customer Knowledge Assessment (CKA)

As a financial institution regulated by the Monetary Authority of Singapore (MAS), we’re required to determine whether trading CFDs are suitable for you based on the CKA criteria. Take this quiz and you'll be able to trade once you've passed.

Take quiz

For a step by step guide to the quiz, please click here.

What is CKA?

Customer knowledge assessment is aimed at safeguarding the interest of Retail Investors. CFD providers in Singapore are required to assess whether a Retail investor has the relevant knowledge or experience (work-related or trading) to understand the features and risks of CFDs before setting up a CFD-trading account. 

This suitability check does not apply if you are an Accredited Investor or Expert Investor.

“Accredited Investor” is an individual whose net personal assets exceed S$2 million (or its equivalent in a foreign currency) or whose annual income in the preceding 12 months is not less than S$300,000 (or its equivalent in a foreign currency).

“Expert Investor” is a person whose business involves the acquisition and disposal, or the holding, of capital markets products, whether as principal or agent. Example is an individual employed as a dealer or financial adviser by a financial institution in Singapore.

Assessment criteria

 To pass CKA, you must meet anyone of the assessment criteria

  1. Education – have a diploma or high qualification in accountancy, actuarial science, business/business administration/business management/business studies, capital markets, commerce, economics, finance, financial engineering, financial planning, computational finance and insurance;
  2. Finance-related professional qualification;
  3. Working experience – have worked a minimum of 3 consecutive years in the past 10 years in the development of, structuring of, management of, sale of, trading of, research on and analysis of investment products or the provision of training in investment products. Work experience in accountancy, actuarial science, treasury or financial risk management activities are relevant experience; or
  4.  Trading experience – transacted in CFDs at least 6 times in the preceding 3 years.

If you fail to meet the assessment criteria, you can still take this quiz and be eligible to trade once you've passed.

Take quiz

For a step by step guide to the quiz, please click here.

More information on CKA

Contact us

Support line is available 24hrs a day from 8am GMT Saturday to 10pm GMT Friday

+65 6390 5118

You can also email us helpdesk@ig.com.sg

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Disclaimer:

All forms of investments carry risks and trading CFDs may not be suitable for everyone. CFDs are leveraged instruments and can result in losses that exceed deposits, so please ensure that you fully understand, and are aware of, the risks and costs involved. Refer to the Risk Disclosure Statement and Risk Fact Sheet.

IG Asia Pte Ltd (Co.Reg.No. 200510021K) is regulated by the Monetary Authority of Singapore and holds a capital markets services licence for dealing in capital markets products that are over-the-counter derivatives contracts and is an exempt financial adviser.

IG provides an execution-only service. The information in this advertisement does not contain (and should not be construed as containing) investment advice or an investment recommendation, or an offer of or solicitation for a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. You should consider your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

The information on this site is not directed at residents of the United States or Belgium and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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