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.