{"id":44178,"date":"2025-12-23T09:42:20","date_gmt":"2025-12-23T01:42:20","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/?page_id=44178"},"modified":"2026-07-11T16:42:40","modified_gmt":"2026-07-11T08:42:40","slug":"shares-margin-trading","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/stocks\/shares-margin-trading\/","title":{"rendered":"Shares Margin Trading"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"44178\" class=\"elementor elementor-44178\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-5d072ea elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d072ea\" data-element_type=\"section\" data-e-type=\"section\" id=\"back-to-top\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-faea39f\" data-id=\"faea39f\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad ob-bb-inner elementor-section elementor-inner-section elementor-element elementor-element-96afafb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"96afafb\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-658173e\" data-id=\"658173e\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b326a9 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"2b326a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Shares Margin Trading<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afd7c5c ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"afd7c5c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 18pt;\"><strong>Enjoy a shares financing rate of only 4.5% p.a. on NOVA.<\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6443ac2 elementor-align-left elementor-mobile-align-center ob-has-background-overlay elementor-widget elementor-widget-button\" data-id=\"6443ac2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_butterbutton_use_it&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/accountopening.phillipnova.com.sg\/?aeCode=AYLr4zTs2Erb7awt6zq36V77WHT0h4&#038;source=ADS_2026_SMT\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open an account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-347dcef\" data-id=\"347dcef\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-4d4332d elementor-hidden-desktop elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4d4332d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64cb65c\" data-id=\"64cb65c\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d2a903f elementor-nav-menu--stretch elementor-nav-menu__text-align-center elementor-nav-menu--toggle elementor-nav-menu--burger ob-has-background-overlay elementor-widget elementor-widget-nav-menu\" data-id=\"d2a903f\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;full_width&quot;:&quot;stretch&quot;,&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;fas fa-chevron-down\\&quot; aria-hidden=\\&quot;true\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;fa-solid&quot;},&quot;layout&quot;:&quot;dropdown&quot;,&quot;toggle&quot;:&quot;burger&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-toggle\" role=\"button\" tabindex=\"0\" aria-label=\"Menu Toggle\" aria-expanded=\"false\">\n\t\t\t<i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--open eicon-menu-bar\"><\/i><i aria-hidden=\"true\" role=\"presentation\" class=\"elementor-menu-toggle__icon--close eicon-close\"><\/i>\t\t<\/div>\n\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-d2a903f\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44425\"><a href=\"#what\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">What is Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44426\"><a href=\"#why\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Why Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44427\"><a href=\"#nova\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Why NOVA<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44428\"><a href=\"#how\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">How to start<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44429\"><a href=\"#faq\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">FAQ<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-807c356 elementor-hidden-mobile elementor-hidden-tablet elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"807c356\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7701ebb\" data-id=\"7701ebb\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-231bbba elementor-nav-menu__align-center elementor-nav-menu--dropdown-none ob-has-background-overlay elementor-widget elementor-widget-nav-menu\" data-id=\"231bbba\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;submenu_icon&quot;:{&quot;value&quot;:&quot;&lt;i class=\\&quot;\\&quot; aria-hidden=\\&quot;true\\&quot;&gt;&lt;\\\/i&gt;&quot;,&quot;library&quot;:&quot;&quot;},&quot;layout&quot;:&quot;horizontal&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"nav-menu.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<nav aria-label=\"Menu\" class=\"elementor-nav-menu--main elementor-nav-menu__container elementor-nav-menu--layout-horizontal e--pointer-none\">\n\t\t\t\t<ul id=\"menu-1-231bbba\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44211\"><a href=\"#what\" class=\"elementor-item elementor-item-anchor\">What is Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44212\"><a href=\"#why\" class=\"elementor-item elementor-item-anchor\">Why Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44213\"><a href=\"#nova\" class=\"elementor-item elementor-item-anchor\">Why NOVA<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44214\"><a href=\"#how\" class=\"elementor-item elementor-item-anchor\">How to start<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44215\"><a href=\"#faq\" class=\"elementor-item elementor-item-anchor\">FAQ<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<nav class=\"elementor-nav-menu--dropdown elementor-nav-menu__container\" aria-hidden=\"true\">\n\t\t\t\t<ul id=\"menu-2-231bbba\" class=\"elementor-nav-menu\"><li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44211\"><a href=\"#what\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">What is Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44212\"><a href=\"#why\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Why Shares Margin Trading<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44213\"><a href=\"#nova\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">Why NOVA<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44214\"><a href=\"#how\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">How to start<\/a><\/li>\n<li class=\"menu-item menu-item-type-custom menu-item-object-custom menu-item-44215\"><a href=\"#faq\" class=\"elementor-item elementor-item-anchor\" tabindex=\"-1\">FAQ<\/a><\/li>\n<\/ul>\t\t\t<\/nav>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-e1a0c96 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e1a0c96\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation_tablet&quot;:&quot;none&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ce82e72\" data-id=\"ce82e72\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3b56079 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"3b56079\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">In fast-moving markets, opportunities don\u2019t wait. Investors often need access to capital right when news breaks \u2014 but what happens when your funds are already tied up in existing positions?<\/p><p style=\"text-align: center;\">What many traders don\u2019t realise is that you can unlock the value of your current share portfolio without selling a single stock. That\u2019s where Shares Margin Trading on NOVA comes in.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd025c5 ob-has-background-overlay elementor-widget elementor-widget-video\" data-id=\"bd025c5\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/youtu.be\\\/1iMrlEd5jEI&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-9bd594a elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9bd594a\" data-element_type=\"section\" data-e-type=\"section\" id=\"overview\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1cb88cf\" data-id=\"1cb88cf\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65b1ece ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"65b1ece\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"what\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad ob-bb-inner elementor-section elementor-inner-section elementor-element elementor-element-8096af1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8096af1\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4caebcb\" data-id=\"4caebcb\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7b6f749 elementor-position-top ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"7b6f749\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" width=\"150\" height=\"150\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/smt-symbol.png\" class=\"attachment-thumbnail size-thumbnail wp-image-44184\" alt=\"\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/smt-symbol.png 150w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/smt-symbol-12x12.png 12w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/figure><div class=\"elementor-image-box-content\"><h2 class=\"elementor-image-box-title\">What is Shares Margin Trading?<\/h2><p class=\"elementor-image-box-description\">Shares Margin Trading allows you to use your eligible stocks and ETFs as collateral to borrow funds for new investments. Instead of liquidating your holdings, your securities are assigned a collateral value (after haircut), which boosts your buying power and enables you to take larger positions than your cash balance alone would allow.<br><br>\n\nIt\u2019s a flexible way to stretch your capital, react quickly to market movements, and capture opportunities \u2014 all while keeping your existing investments intact, subject to prevailing terms and conditions.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-74d3cc6 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"74d3cc6\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_spacerat_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-acb2c4b elementor-align-center ob-has-background-overlay elementor-widget elementor-widget-button\" data-id=\"acb2c4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_butterbutton_use_it&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/accountopening.phillipnova.com.sg\/?aeCode=AYLr4zTs2Erb7awt6zq36V77WHT0h4&#038;source=ADS_2026_SMT\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open an account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02b93a0 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"02b93a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_spacerat_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-cdd9315 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cdd9315\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-86f24e2\" data-id=\"86f24e2\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4475881 ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"4475881\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"why\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b42000d ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"b42000d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h2 class=\"elementor-image-box-title\">Why Shares Margin Trading?<\/h2><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad ob-bb-inner elementor-section elementor-inner-section elementor-element elementor-element-c98af81 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c98af81\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-14b8153\" data-id=\"14b8153\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19d6931 elementor-position-top ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"19d6931\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/elementor\/thumbs\/icon-amplify-buying-power-rfp5ra360xaqw9f0xs9ilaih4ora6d0d3fu0dk6ay0.png\" title=\"icon-amplify-buying-power\" alt=\"icon-amplify-buying-power\" loading=\"lazy\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><strong>Amplify your buying power<\/strong><\/h3><p class=\"elementor-image-box-description\">Margin allows you to take larger positions than your cash balance alone, giving you the flexibility to act on opportunities and potentially enhance your returns.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-f0c969f\" data-id=\"f0c969f\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-85ab329 elementor-position-top ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"85ab329\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/elementor\/thumbs\/icon-positive-carry-opportunities-rfp5rb107rc17vdnsao55s9xq2mne243fkhhuu4wrs.png\" title=\"icon-positive-carry-opportunities\" alt=\"icon-positive-carry-opportunities\" loading=\"lazy\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><strong>Capture positive carry opportunities\u200b<\/strong><\/h3><p class=\"elementor-image-box-description\">For dividend- or yield-paying securities, your financing cost may be lower than the income you receive \u2014 allowing you to earn a positive carry while keeping your capital working for you.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-inner-column elementor-element elementor-element-aef47d4\" data-id=\"aef47d4\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0b45240 elementor-position-top ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"0b45240\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><img decoding=\"async\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/elementor\/thumbs\/icon-global-markets-rfp5ra360xaqw9f0xs9ilaih4ora6d0d3fu0dk6ay0.png\" title=\"icon-global-markets\" alt=\"icon-global-markets\" loading=\"lazy\" \/><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><strong>Tap into global markets with ease\u200b<\/strong><\/h3><p class=\"elementor-image-box-description\">Margin financing can be done in the traded security\u2019s currency, helping you manage currency exposure naturally when investing in foreign markets.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-e90d3be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e90d3be\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2dd9bfe4\" data-id=\"2dd9bfe4\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-81c673b ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"81c673b\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"nova\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-227fdfa ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"227fdfa\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Why NOVA?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0571cae ob-has-background-overlay elementor-widget elementor-widget-template\" data-id=\"0571cae\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"44381\" class=\"elementor elementor-44381\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-23e7773c elementor-section-height-default elementor-section-stretched elementor-section-boxed elementor-section-height-default\" data-id=\"23e7773c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;background_motion_fx_motion_fx_mouse&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-18dd6439\" data-id=\"18dd6439\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7bada058 ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"7bada058\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"nova\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11de2c9d ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-heading\" data-id=\"11de2c9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_harakiri_text_clip&quot;:&quot;none&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The NOVA Platform<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16017167 elementor-widget__width-initial ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"16017167\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Access to Stocks, ETFs, Futures, Forex, CFDs, and more<\/li><li>USD and SGD shares financing rate of only 4.5% p.a.<\/li><li style=\"text-align: left;\">Trade and invest on a single platform<\/li><li style=\"text-align: left;\">Access all contracts with just one account<\/li><li style=\"text-align: left;\">No custodian and platform fees<\/li><li style=\"text-align: left;\">Available on mobile, iPad, and desktop<\/li><li style=\"text-align: left;\">Charting powered by TradingView<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62add957 ob-has-background-overlay elementor-widget elementor-widget-spacer\" data-id=\"62add957\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_spacerat_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73d5c557 elementor-align-center elementor-mobile-align-center ob-has-background-overlay elementor-widget elementor-widget-button\" data-id=\"73d5c557\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_butterbutton_use_it&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-xs\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/accountopening.phillipnova.com.sg\/?aeCode=AYLr4zTs2Erb7awt6zq36V77WHT0h4&#038;source=ADS_2026_SMT\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open an account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14bbad76 elementor-widget__width-inherit ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"14bbad76\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>No minimum funding required.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4f8fb9f5\" data-id=\"4f8fb9f5\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c7713d0 ob-has-background-overlay elementor-widget elementor-widget-image\" data-id=\"7c7713d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_photomorph_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1010\" height=\"628\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/01\/Phillip-Nova-2.0-Devices_w-iPad-e1736404521211-1.png\" class=\"attachment-full size-full wp-image-37883\" alt=\"\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/01\/Phillip-Nova-2.0-Devices_w-iPad-e1736404521211-1.png 1010w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/01\/Phillip-Nova-2.0-Devices_w-iPad-e1736404521211-1-300x187.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/01\/Phillip-Nova-2.0-Devices_w-iPad-e1736404521211-1-768x478.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/01\/Phillip-Nova-2.0-Devices_w-iPad-e1736404521211-1-18x12.png 18w\" sizes=\"(max-width: 1010px) 100vw, 1010px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-a348d2d elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a348d2d\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18f248b\" data-id=\"18f248b\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7eaf218 ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"7eaf218\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"how\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-848ae3c ob-has-background-overlay elementor-widget elementor-widget-image-box\" data-id=\"848ae3c\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><div class=\"elementor-image-box-content\"><h2 class=\"elementor-image-box-title\">How to start?<\/h2><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-37dc378 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37dc378\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0fea479\" data-id=\"0fea479\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27178cd ob-has-background-overlay elementor-widget elementor-widget-accordion\" data-id=\"27178cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4091\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-4091\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I am not yet a Phillip Nova client<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4091\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-4091\"><ol><li><p class=\"font-size-18\"><span class=\"TextRun SCXW249225833 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW249225833 BCX0\">Select <strong>NOVA Multi Asset Account<\/strong> when you <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/accountopening.phillipnova.com.sg\/?aeCode=AYLr4zTs2Erb7awt6zq36V77WHT0h4&amp;source=ADS_2026_SMT\" target=\"_blank\" rel=\"noopener\" data-wplink-edit=\"true\">open an account<\/a><\/span><\/span><\/p><p><img decoding=\"async\" class=\"alignnone wp-image-44395 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_MAA_NOVA.png\" alt=\"\" width=\"610\" height=\"353\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_MAA_NOVA.png 610w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_MAA_NOVA-300x174.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_MAA_NOVA-18x10.png 18w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/><\/p><\/li><li><span class=\"TextRun SCXW249225833 BCX0\" lang=\"EN-US\" xml:lang=\"EN-US\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW249225833 BCX0\">Select the <strong>Shares (Margin)<\/strong> account type at the Account Confirmation page<br \/><\/span><\/span><br \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-44392 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_SMT.png\" alt=\"\" width=\"570\" height=\"411\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_SMT.png 570w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_SMT-300x216.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/OAO_SMT-18x12.png 18w\" sizes=\"(max-width: 570px) 100vw, 570px\" \/><\/li><li>Complete and submit your account application\u00a0<\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4092\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-4092\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I am a Phillip Nova client<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4092\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-4092\"><ol><li style=\"list-style-type: none;\"><ol><li><p class=\"font-size-18\"><span class=\"NormalTextRun SCXW157532498 BCX0\">Log in to <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/myaccount.phillipnova.com.sg\/\" target=\"_blank\" rel=\"noopener\">Client Portal<\/a><\/span><\/p><\/li><li><p class=\"font-size-18\"><span class=\"NormalTextRun SCXW157532498 BCX0\">Go to <strong>Platform Services<\/strong> &gt; <strong>Apply for Shares Margin Trading<\/strong><\/span><\/p><\/li><li><p class=\"font-size-18\"><span class=\"NormalTextRun SCXW157532498 BCX0\">Review the <strong>Risk Disclosure Statement<\/strong> and<\/span><span class=\"NormalTextRun SCXW157532498 BCX0\"> click <\/span><span class=\"NormalTextRun SCXW157532498 BCX0\">CONTINUE<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-44406 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT.png\" alt=\"\" width=\"1716\" height=\"694\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT.png 1716w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT-300x121.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT-1024x414.png 1024w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT-768x311.png 768w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT-1536x621.png 1536w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/12\/CP_SMT-18x7.png 18w\" sizes=\"(max-width: 1716px) 100vw, 1716px\" \/><\/p><\/li><li>Once approved, you will receive a notification on <strong>NOVA<\/strong> confirming your successful switch to a Margin Account<\/li><\/ol><\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-9ddf266 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9ddf266\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6feaf4b\" data-id=\"6feaf4b\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d0a979 ob-has-background-overlay elementor-widget elementor-widget-menu-anchor\" data-id=\"3d0a979\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"faq\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-221602e ob-has-background-overlay elementor-widget elementor-widget-template\" data-id=\"221602e\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"43206\" class=\"elementor elementor-43206\" data-elementor-post-type=\"elementor_library\">\n\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"ob-is-breaking-bad elementor-section elementor-top-section elementor-element elementor-element-5f416158 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f416158\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ob_bbad_use_it&quot;:&quot;yes&quot;,&quot;_ob_bbad_sssic_use&quot;:&quot;no&quot;,&quot;_ob_glider_is_slider&quot;:&quot;no&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39c127db\" data-id=\"39c127db\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;_ob_bbad_is_stalker&quot;:&quot;no&quot;,&quot;_ob_teleporter_use&quot;:false,&quot;_ob_column_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_column_has_pseudo&quot;:&quot;no&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7487e331 ob-harakiri-inherit ob-has-background-overlay elementor-widget elementor-widget-text-editor\" data-id=\"7487e331\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_use_harakiri&quot;:&quot;yes&quot;,&quot;_ob_harakiri_writing_mode&quot;:&quot;inherit&quot;,&quot;_ob_postman_use&quot;:&quot;no&quot;,&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h2 style=\"text-align: center;\">Shares Margin Trading FAQs<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e25f6f2 ob-has-background-overlay elementor-widget elementor-widget-accordion\" data-id=\"4e25f6f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_ob_perspektive_use&quot;:&quot;no&quot;,&quot;_ob_poopart_use&quot;:&quot;yes&quot;,&quot;_ob_shadough_use&quot;:&quot;no&quot;,&quot;_ob_allow_hoveranimator&quot;:&quot;no&quot;,&quot;_ob_widget_stalker_use&quot;:&quot;no&quot;}\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1311\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1311\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is Share Margin Trading?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1311\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1311\"><p>Phillip Nova\u2019s Shares Margin Trading allows you to maximise your purchasing power by financing the purchase of marginable securities held in your trading account. Marginable securities refer to stocks and ETFs accepted by Phillip Nova as having collateral value for financing purposes.<\/p><p>A haircut is applied to these securities as a risk buffer. The discounted (net) value is then added to your buying power. All financing is subject to the prevailing haircut, security eligibility, and account\u2011level financing limits determined by Phillip\u202fNova.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1312\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-1312\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Why trade securities with margin?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1312\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-1312\"><p>By using margin, you potentially get to:<\/p><ul><li>Amplify your investment capacity<ul><li>Take larger positions with the potential for higher returns.<\/li><\/ul><\/li><li>Generate positive carry<ul><li>Earn dividends or coupons that exceed the cost of financing.<\/li><\/ul><\/li><li>Access multi-currency financing<ul><li>Borrow in the traded currency to create a natural hedge against currency risk.<\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1313\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-1313\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are the key risks of trading securities with margin?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1313\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-1313\"><p>By using margin, you assume additional risks, including but not limited to:<\/p><ul><li>Leverage amplifies losses<ul><li>While you can invest more, losses are magnified in the same way as gains. You may lose more than your initial capital.<\/li><\/ul><\/li><li>Market Volatility and Gap Risk<ul><li>Sharp overnight movements or market gaps can cause losses that exceed your available margin before you have a chance to respond.<\/li><\/ul><\/li><li>Margin Calls and Forced Liquidation<ul><li>If the value of your marginable securities falls, you may be required to top up your margin at short notice. Phillip Nova can liquidate your positions <strong>without prior notice<\/strong> to meet margin requirements, and you remain liable for any shortfall.<\/li><\/ul><\/li><li>Carry trades can reverse<ul><li>If dividend yields fall or financing costs rise, a once-profitable carry may turn negative.<\/li><\/ul><\/li><li>Interest Rates Risk<ul><li>Financing costs (interest rates) are variable and can rise unexpectedly, eroding potential returns or turning profits into losses.<\/li><\/ul><\/li><li>Liquidity Risk<ul><li>In times of market stress or low trading volumes, it may be difficult to sell your securities quickly without substantial price impact, especially during forced liquidations.<\/li><\/ul><\/li><li>FX risk<ul><li>Foreign-currency movements can impact both your returns and financing cost, as changes in exchange rates impact the value of your holdings and borrowings.<\/li><\/ul><\/li><li>Regulatory and Haircut Adjustments<ul><li>Phillip Nova may change the eligibility or haircut of marginable securities at any time. A sudden increase in haircut could cause an <strong>instant margin shortfall<\/strong>, triggering margin calls or liquidations.<\/li><\/ul><\/li><li>Concentration Risk<ul><li>Holding a few securities as marginable assets can lead to significant exposure if those securities experience sharp declines.<\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1314\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-1314\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How does Phillip Nova\u2019s Shares Margin Trading work? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1314\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-1314\"><p>Illustrations of how leverage<em><strong> increases your investment capacity<\/strong><\/em>, potentially leading to higher returns.<\/p><blockquote><p><strong>Scenario 1 \u2013 Trading with Cash:<\/strong><\/p><ol><li>You have S$10,000 cash in your trading account.<\/li><li>You purchase 10,000 shares at S$1, totalling S$10,000 (10,000 shares x S$1).<\/li><li>Your entire cash is used, so your buying power is reduced to S$0.<\/li><li>The share price rises to S$1.25, and you sell your 10,000 shares for S$12,500<br \/>(10,000 shares x S$1.25).<\/li><li>Gross profit less commission = S$2,500(S$12,500 shares proceeds \u2013 S$10,000 initial purchase cost)<\/li><\/ol><\/blockquote><blockquote><p><strong>Scenario 2 \u2013 Trading with Margin:<\/strong><\/p><ol><li>You have S$10,000 cash in your trading account.<\/li><li>You use margin to buy 20,000 shares at S$1, totalling S$20,000 (20,000 shares x S$1).<br \/><ol style=\"list-style-type: lower-alpha;\"><li>This will result in a loan of S$10,000<br \/>(S$10,000 initial deposit \u2013 S$20,000 shares purchased).<\/li><li>With a 30% collateral haircut, that leaves a net collateral value of S$14,000<br \/>(70% of S$20,000 collateral value)<\/li><li>This leaves a remaining cash balance of <u>S$4,000<\/u> (S$10,000 initial deposit \u2013 S$20,000 shares purchased + S$14,000 of net collateral value).<br \/>This becomes your available buying power.<\/li><\/ol><\/li><\/ol><ol start=\"3\"><li>After 7 days, the share price rises to S$1.25, making your holdings worth S$25,000 (20,000 shares x S$1.25).<br \/><ol style=\"list-style-type: lower-alpha;\"><li>Net collateral value increases to S$17,500 (70% of S$25,000).<\/li><li>Buying power increases to S$7,500.<br \/>(-S$10,000 loan + S$17,500 of net collateral value).<\/li><\/ol><\/li><li>You sell your shares for S$25,000.<br \/><ol style=\"list-style-type: lower-alpha;\" start=\"3\"><li>Financing charges = S$9.59(S$10,000 loan x 5% p.a. x 7\/365 days)<\/li><li>Gross profit less commission = S$ 4,990.41(S$25,000 shares proceeds \u2013 S$20,000 initial purchase cost \u2013 S$9.59 financing charges).<\/li><\/ol><\/li><\/ol><\/blockquote><ol><li style=\"list-style-type: none;\">\u00a0<\/li><\/ol><hr \/><p>Illustrations of how leverage <strong><em>increases your exposure to losses<\/em><\/strong>, potentially resulting in losses greater than your initial capital.<\/p><blockquote><p><strong>Scenario 3 \u2013 Trading with Cash:<\/strong><\/p><ol><li>You have S$10,000 cash in your trading account.<\/li><li>You purchase 10,000 shares at S$1, totalling S$10,000 (10,000 shares x S$1).<\/li><li>Your entire cash is used, so your buying power is reduced to S$0.<\/li><li>The share price falls to S$0.75, and you sell your 10,000 shares for S$7,500<br \/>(10,000 shares x S$0.75).<\/li><li>Gross loss less commission = S$2,500(S$7,500 shares proceeds \u2013 S$10,000 initial purchase cost)<\/li><\/ol><\/blockquote><blockquote><p><strong>Scenario 4 \u2013 Trading with Margin:<\/strong><\/p><\/blockquote><ol><li><blockquote><p>You have S$10,000 cash in your trading account.<\/p><\/blockquote><\/li><li><blockquote><p>You use margin to buy 20,000 shares at S$1, totalling S$20,000 (20,000 shares x S$1).<\/p><ol style=\"list-style-type: lower-alpha;\"><li>This will result in a loan of S$10,000<br \/>(S$10,000 initial deposit \u2013 S$20,000 shares purchased).<\/li><li>With a 30% collateral haircut, that leaves a net collateral value of S$14,000<br \/>(70% of S$20,000 collateral value)<\/li><li>This leaves a remaining cash balance of <u>S$4,000<\/u> (S$10,000 initial deposit \u2013 S$20,000 shares purchased + S$14,000 of net collateral value).<br \/>This becomes your available buying power.<\/li><\/ol><\/blockquote><\/li><li><blockquote><p>After 7 days, the share price falls to S$0.75, making your holdings worth S$15,000 (20,000 shares x S$0.75).<\/p><ol style=\"list-style-type: lower-alpha;\"><li>Collateral haircut reduces to S$4,500 (30% of S$15,000).<\/li><li>Net collateral value reduces to S$10,500 (70% of S$15,000).<\/li><li>Buying power reduces to S$500.<br \/>(-S$10,000 loan + S$10,500 of net collateral value).<\/li><\/ol><\/blockquote><\/li><li><blockquote><p>The next day you sell your shares for S$15,000.<\/p><\/blockquote><ol style=\"list-style-type: lower-alpha;\"><li><blockquote><p>Financing charges = S$10.96(S$10,000 loan x 5% p.a. x 8\/365 days)<\/p><\/blockquote><\/li><li><blockquote><p>Gross loss less commission = S$5,010.96(S$15,000 shares proceeds \u2013 S$20,000 initial purchase cost + S$10.96 financing charges)<\/p><\/blockquote><\/li><\/ol><\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1315\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-1315\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What safeguards does Phillip Nova have in place for Shares Margin Trading?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1315\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-1315\"><p>Phillip\u202fNova applies several controls to promote prudent financing and risk management. These include application of collateral haircuts, security price caps (SPC), single\u2011security limits (SSL), and an account\u2011level maximum loan value (MLV). All parameters are subject to periodic review and may be adjusted at Phillip\u202fNova\u2019s discretion.<\/p><ul><li><strong>Collateral Haircut<\/strong> &#8211; A discount applied to the market value of a security used as collateral. This helps ensure a safety buffer against market fluctuations, supporting responsible risk management.<ul><li>For example, if a stock is worth S$100 and has a 30% collateral haircut, only S$70 of its value will be counted as collateral.<\/li><\/ul><\/li><li><strong>Security Price Cap (SPC)<\/strong> \u2013\u202fA cap on the collateral valuation of each margin\u2011eligible security. This prevents artificially inflated or volatile market prices from overstating the collateral value and helps manage downside risk.<ul><li>For example, if a stock is trading at S$40 and has historically traded between S$10 and S$50, a price cap of S$80 may be applied.<\/li><\/ul><\/li><li><strong>Single Security Limit (SSL)<\/strong> \u2013\u202fA maximum collateral exposure per security to manage concentration risk.<ul><li>For example, if a Single Security Limit (SSL) of S$50,000 is applied to a stock, and you hold S$100,000 worth of it, only S$50,000 will be counted towards your collateral value.<\/li><\/ul><\/li><li><strong>Maximum Loan Value (MLV)<\/strong> \u2013 A limit on the total financing extended to your account.<ul><li>For example, if your account has S$100,000 cash and the stock has a 50% collateral haircut, you would typically be able to purchase S$200,000 worth of the stock \u2014 borrowing S$100,000 from Phillip Nova. However, if a MLV of S$50,000 is applied, the maximum stock purchase would be limited to S$150,000.<\/li><\/ul><\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1316\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-1316\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What is the difference between opting in to Shares Margin Trading and not opting in?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1316\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-1316\"><table><tbody><tr><td width=\"160\"><p><strong>\u00a0<\/strong><\/p><\/td><td width=\"217\"><p><strong>Not Opted In to Shares Margin Trading (Trading in Fully Paid-Up Securities)<\/strong><\/p><\/td><td width=\"223\"><p><strong>Opted In to Shares Margin Trading<\/strong><\/p><\/td><\/tr><tr><td width=\"160\"><p>Is Shares Margin Trading permitted?<\/p><\/td><td width=\"217\"><p>No<\/p><\/td><td width=\"223\"><p>Yes<\/p><\/td><\/tr><tr><td width=\"160\"><p>Can I purchase securities of value greater than my Equity Balance?<\/p><\/td><td width=\"217\"><p>No<\/p><\/td><td width=\"223\"><p>Yes<\/p><\/td><\/tr><tr><td width=\"160\"><p>Is multi-asset trading available?<\/p><\/td><td width=\"217\"><p>Yes, if other trading pre-requisites are met.<\/p><\/td><td width=\"223\"><p>Yes, if other trading pre-requisites are met.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Am I subject to margin calls and forced liquidations if I only trade securities?<\/p><\/td><td width=\"217\"><p>You may receive margin calls arising from commission or other trading fees.<\/p><p>Phillip Nova may also liquidate your fully paid-up securities to cover any outstanding deficit that arises in your account.<\/p><\/td><td width=\"223\"><p>You may receive margin calls arising from a reduction in collateral value, or from commission and other trading fees.<\/p><p>Phillip Nova\u2019s Low Equity Policy applies, and forced liquidation may occur when account equity falls to 20 % of total margin.<\/p><p>Fully paid-up securities may also be liquidated to cover any outstanding deficit in your account.<\/p><\/td><\/tr><\/tbody><\/table><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1317\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-1317\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Who can apply for a Shares Margin Trading Account?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1317\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-1317\"><p>You may apply for a Shares Margin Trading account as long as you are above 21 years of age.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1318\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-1318\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do I apply for a Shares Margin Trading Account?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1318\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-1318\"><p>If you are a new client to Phillip Nova, select <strong>Phillip Nova 2.0 Multi Asset Account<\/strong> as you begin your investment journey. When you get to the Account Confirmation page, select<strong> Shares (Margin)<\/strong> as your account type.<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-43208 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Account-Opening_Account-types-2.png\" alt=\"\" width=\"419\" height=\"346\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Account-Opening_Account-types-2.png 419w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Account-Opening_Account-types-2-300x248.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Account-Opening_Account-types-2-15x12.png 15w\" sizes=\"(max-width: 419px) 100vw, 419px\" \/><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1319\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-1319\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I have an existing trading account with Phillip Nova, do I need another account for Shares Margin Trading? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1319\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-1319\"><p>If you have an existing Nova trading account, you may opt-in for Shares Margin Trading on the Client Portal. If you have an existing MT5 trading account with Phillip Nova, you will need to apply for a Nova trading account for Shares Margin Trading.<\/p><p>If you have an existing Nova trading account, follow these steps to opt-in for Shares Margin Trading on Client Portal:<\/p><p>First, click on <em>Shares Margin Trading<\/em> in the right panel under <em>Subscription.<\/em><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43211 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal.png\" alt=\"\" width=\"147\" height=\"349\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal.png 147w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-126x300.png 126w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-5x12.png 5w\" sizes=\"(max-width: 147px) 100vw, 147px\" \/><\/p><p>Next, read and acknowledge the Risk Disclosure Statement and select <em>Continue.<\/em><\/p><p>When your request meets the criteria for immediate approval, it will be approved on the immediately. You will see a banner displaying the time and date of your opt-in, and an email confirmation will be sent to you.<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43210 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-2.png\" alt=\"\" width=\"601\" height=\"234\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-2.png 601w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-2-300x117.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-2-18x7.png 18w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43214 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-3.png\" alt=\"\" width=\"601\" height=\"231\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-3.png 601w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-3-300x115.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-3-18x7.png 18w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/p><p>If your request doesn\u2019t qualify for immediate approval, it will be reviewed internally. The banner will show that your request is under review, and you will receive an email confirming this status.<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43213 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-4.png\" alt=\"\" width=\"602\" height=\"199\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-4.png 602w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-4-300x99.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-4-18x6.png 18w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/p><p>After the review, if your request is approved, you will see a banner displaying the time and date of your opt-in, and an email confirmation will be sent to you.<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43212 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-5.png\" alt=\"\" width=\"601\" height=\"226\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-5.png 601w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-5-300x113.png 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Client-Portal-5-18x7.png 18w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/p><p>If your request is not approved after review, the banner will show no status, and you will receive an email notification of the decline<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13110\" class=\"elementor-tab-title\" data-tab=\"10\" role=\"button\" aria-controls=\"elementor-tab-content-13110\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Which securities are margin-eligible?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13110\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"10\" role=\"region\" aria-labelledby=\"elementor-tab-title-13110\"><p>Margin-eligible securities can be identified with these icons on the Watchlist and the Order Ticket:<\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-43215 size-full\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Share-Margin-Trading.png\" alt=\"\" width=\"206\" height=\"243\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Share-Margin-Trading.png 206w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/wp-content\/uploads\/2025\/10\/Phillip-Nova-Share-Margin-Trading-10x12.png 10w\" sizes=\"(max-width: 206px) 100vw, 206px\" \/><\/p><p class=\"font-size-18\"><span data-teams=\"true\">Alternatively, you may refer to the list of margin-eligible securities available <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/phillipnova.com.sg\/wp-content\/uploads\/download\/Phillip-Nova_Margin-Eligible-Securities.xlsx\">here<\/a>.<\/span><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13111\" class=\"elementor-tab-title\" data-tab=\"11\" role=\"button\" aria-controls=\"elementor-tab-content-13111\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Do I need to arrange for collateral pledge?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13111\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"11\" role=\"region\" aria-labelledby=\"elementor-tab-title-13111\"><p>No, there is no need for an additional pledge of marginable securities to Phillip Nova.<\/p><p>Once your account is approved for Shares Margin Trading, any marginable securities in your trading account held under Phillip Nova\u2019s custody will automatically be recognised as collateral to support additional share purchases.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13112\" class=\"elementor-tab-title\" data-tab=\"12\" role=\"button\" aria-controls=\"elementor-tab-content-13112\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can I use marginable securities as collateral to purchase securities denominated in another currency?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13112\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"12\" role=\"region\" aria-labelledby=\"elementor-tab-title-13112\"><p>Yes, you can. The value of your marginable securities will be converted into the traded currency at prevailing foreign exchange rates to determine your purchasing power.<\/p><p>However, if you buy securities in a currency you do not hold, it will create a currency deficit. To avoid interest charges, ensure you have sufficient equity balance in that currency.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13113\" class=\"elementor-tab-title\" data-tab=\"13\" role=\"button\" aria-controls=\"elementor-tab-content-13113\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are Phillip Nova\u2019s financing rates?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13113\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"13\" role=\"region\" aria-labelledby=\"elementor-tab-title-13113\"><p class=\"font-size-18\">You may refer to our prevailing financing rates published <a title=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/interest-rates\/\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/interest-rates\/\" data-auth=\"NotApplicable\" data-linkindex=\"0\">here<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13114\" class=\"elementor-tab-title\" data-tab=\"14\" role=\"button\" aria-controls=\"elementor-tab-content-13114\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Are there any account or platform fees to utilise the margin facility?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13114\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"14\" role=\"region\" aria-labelledby=\"elementor-tab-title-13114\"><p>No, Phillip Nova does not charge any account or platform fees for the use of Phillip Nova&#8217;s margin facility.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13115\" class=\"elementor-tab-title\" data-tab=\"15\" role=\"button\" aria-controls=\"elementor-tab-content-13115\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">If I do not intend to utilise the margin facility, will I still have to pay any financing charges?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13115\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"15\" role=\"region\" aria-labelledby=\"elementor-tab-title-13115\"><p>Financing charges will apply only if your account shows a shortfall \u2014 that is, when the sum of your Equity Balance and Initial Margin is less than zero. Charges are computed on the deficit amount in each respective currency.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13116\" class=\"elementor-tab-title\" data-tab=\"16\" role=\"button\" aria-controls=\"elementor-tab-content-13116\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How would I know if I am taking up financing from Phillip Nova?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13116\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"16\" role=\"region\" aria-labelledby=\"elementor-tab-title-13116\"><p><span data-teams=\"true\">You are deemed to have taken up financing when your Equity Balance is less than zero in any currency. Such a negative balance may arise when your securities purchases exceed your available Ledger Balance, or from realised or floating losses in derivative trading, commission, or other related trading fees and financing charges. Interest charges are computed based on any negative sum arising from your Equity Balance, less your Initial Margin, accrued daily on all negative balances until repaid.<\/span><\/p><p>Here are some scenarios to illustrate:<\/p><table><thead><tr><th>Scenario<\/th><th>Equity Balance (SGD)<\/th><th>Initial Margin Requirement (SGD)<\/th><th>Interest Chargeable Amount<\/th><th><p>Explanation<\/p><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>1,000<\/td><td>2,000<\/td><td>1,000<\/td><td>You have a shortfall of SGD 1,000. Interest is charged on this amount.<\/td><\/tr><tr><td>2<\/td><td>\u20132,000<\/td><td>0<\/td><td>2,000<\/td><td>Your equity is negative, meaning you owe SGD 2,000. Interest is charged on this amount.<\/td><\/tr><tr><td>3<\/td><td>2,000<\/td><td>1,000<\/td><td>None<\/td><td>No shortfall. No interest is charged.<\/td><\/tr><tr><td>4<\/td><td>1,000<\/td><td>1,000<\/td><td>None<\/td><td>Equity fully covers the margin requirement. No interest is charged.<\/td><\/tr><\/tbody><\/table><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13117\" class=\"elementor-tab-title\" data-tab=\"17\" role=\"button\" aria-controls=\"elementor-tab-content-13117\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">I have opted-in for Shares Margin Trading, am I subjected to Phillip Nova\u2019s Margin Calls, Low Equity and Weekend Risk Policies?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13117\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"17\" role=\"region\" aria-labelledby=\"elementor-tab-title-13117\"><p class=\"font-size-18\">Yes, our Low Equity and Weekend Risk Policies are standardized across account types. Please find the our Margin Trading FAQs <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/faq\/margin-trading-important-trading-dates\/\">here<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13118\" class=\"elementor-tab-title\" data-tab=\"18\" role=\"button\" aria-controls=\"elementor-tab-content-13118\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What are Phillip Nova\u2019s Margin Calls, Low Equity and Weekend Risk Policies for Shares Margin Trading?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13118\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"18\" role=\"region\" aria-labelledby=\"elementor-tab-title-13118\"><p class=\"font-size-18\">Our Margin Call, Low Equity and Weekend Risk policies are standardised across account types. Please find our Margin Trading FAQs <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/faq\/margin-trading-important-trading-dates\/\">here<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13119\" class=\"elementor-tab-title\" data-tab=\"19\" role=\"button\" aria-controls=\"elementor-tab-content-13119\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">What must I do if I am on a margin call or low equity when I am trading securities on margin?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13119\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"19\" role=\"region\" aria-labelledby=\"elementor-tab-title-13119\"><p class=\"font-size-18\">Please find our Margin Trading FAQs <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/faq\/margin-trading-important-trading-dates\/\">here<\/a>.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13120\" class=\"elementor-tab-title\" data-tab=\"20\" role=\"button\" aria-controls=\"elementor-tab-content-13120\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Am I able to pledge\/transfer in securities to fulfil a margin call?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13120\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"20\" role=\"region\" aria-labelledby=\"elementor-tab-title-13120\"><p>While transferring securities into Phillip Nova will increase your collateral base, it is generally not practical because our standard margin call policy typically requires settlement within 2 days.<\/p><p class=\"font-size-18\">We recommend that you refer to our Margin Trading FAQs <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/faq\/margin-trading-important-trading-dates\/\">here<\/a> for more information on the available methods of fulfilling margin calls.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13121\" class=\"elementor-tab-title\" data-tab=\"21\" role=\"button\" aria-controls=\"elementor-tab-content-13121\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Can I utilise my CPFIS-OA\/ SRS Funds for Shares Margin Trading? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13121\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"21\" role=\"region\" aria-labelledby=\"elementor-tab-title-13121\"><p>No, we do not facilitate trading with CPFIS-OA\/ SRS. Phillip Nova will still act as custodian of assets for your securities purchased through us.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13122\" class=\"elementor-tab-title\" data-tab=\"22\" role=\"button\" aria-controls=\"elementor-tab-content-13122\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do corporate actions affect Shares Margin Trading? <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13122\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"22\" role=\"region\" aria-labelledby=\"elementor-tab-title-13122\"><p>Corporate actions may affect the collateral value of your shareholdings. Phillip Nova will adjust financing eligibility, haircuts, and collateral values in accordance with its internal policies and the characteristics of each event.<\/p><p>If a corporate action has a significant adverse impact on the value of your holdings or overall portfolio health, your account may become exposed to a margin call or, in severe cases, low-equity liquidation.<\/p><p>The table below illustrates how certain types of corporate actions can affect a stock\u2019s price and, consequently, the value of your portfolio. Actual results may vary from the examples shown.<\/p><table width=\"100%\"><tbody><tr><td width=\"10%\"><p><strong>Risk Level<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Corporate Action<\/strong><\/p><\/td><td width=\"23%\"><p><strong>Possible Impact on Shares Margin Trading<\/strong><\/p><\/td><td width=\"25%\"><p><strong>Theoretical Impact on Stock Price<\/strong><\/p><\/td><td width=\"22%\"><p><strong>Why It\u2019s Risky for Shares Margin Trading<\/strong><\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Very High<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Delisting<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value removed entirely<\/p><\/td><td width=\"25%\"><p>Signals reduced liquidity; often falls sharply before delisting<\/p><\/td><td width=\"22%\"><p>Sharp value loss may result in margin calls or forced liquidation of portfolio<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Very High<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Trading Suspension<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value may be removed entirely<\/p><\/td><td width=\"25%\"><p>Price frozen; risk of steep drop if trading resumes.<\/p><\/td><td width=\"22%\"><p>No ability to sell; removing collateral value may result in margin calls or forced liquidation of portfolio<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>High<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Merger &amp; Acquisition (Target Firm)<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value can fluctuate significantly throughout the deal period, and if the transaction falls through, the share price may collapse.<\/p><p>Collateral value declines if acquiring shares are ineligible as collateral<\/p><\/td><td width=\"25%\"><p>Price usually rises on announcement and moves towards offer price; price may remain volatile during deal period.<\/p><\/td><td width=\"22%\"><p>During periods of high volatility, collateral haircuts may increase. Volatility can trigger margin calls and share value losses may result in the forced liquidation of your portfolio.<\/p><p>Financing availability may also decline suddenly if new shares from the merger or acquisition are not eligible as collateral, which can in turn result in margin calls or forced liquidation.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>High<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Merger &amp; Acquisition (Acquirer Firm)<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value usually falls on announcement.<\/p><\/td><td width=\"25%\"><p>Price often falls on announcement due to dilution and deal risks<\/p><\/td><td width=\"22%\"><p>Lower collateral values can trigger margin calls, and continued volatility or further declines may lead to margin calls or forced liquidation of positions.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>High<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Rights Issue (Renounceable or Non-renounceable)<\/strong><\/p><\/td><td width=\"23%\"><p>Price drops to the TERP on ex-date, reducing collateral value.<\/p><p>Exercising rights requires cash outflow.<\/p><p>Rights are not margin-eligible until converted to paid-up shares.<\/p><\/td><td width=\"25%\"><p>On the ex-rights date, the share price may drop to the TERP<\/p><\/td><td width=\"22%\"><p>May cause steep collateral value drop which could result in margin calls; if severe, it may result in forced liquidation of the portfolio.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Medium<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Special Dividend (Cash)<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value falls on ex-date, while cash is credited only on or after pay date, resulting in a temporary gap in financing coverage.<\/p><\/td><td width=\"25%\"><p>Drops by dividend amount; special dividends may be significantly larger than regular dividend.\u00a0<\/p><\/td><td width=\"22%\"><p>Dividend are not credited on ex-date.<\/p><p>The drop in collateral value reduces buying power and may trigger margin calls; if severe, it may result in forced liquidation of the portfolio.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Medium<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Special Dividend (Shares)<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value falls on ex-date and collateral value ex-div will depend on the eligibility of new share.<\/p><p>New shares issued under a different counter may be ineligible as collateral or credited only after the pay date, causing a temporary gap in financing coverage.<\/p><\/td><td width=\"25%\"><p>Parent share price drops proportionally.<\/p><\/td><td width=\"22%\"><p>Loss of eligibility for spin-off shares can reduce financing.<\/p><p>The drop in collateral value reduces buying power and may trigger margin calls; if severe, it may result in forced liquidation of the portfolio.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Medium<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Capital Reduction<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value falls on ex-date, while cash is credited only on or after pay date, resulting in a temporary gap in financing coverage.<\/p><\/td><td width=\"25%\"><p>Price drops may exceed the capital returned, particularly when the reduction is tied to restructuring or adverse financial conditions.<\/p><\/td><td width=\"22%\"><p>Capital returns are not credited on ex-date. The drop in collateral value reduces buying power and may trigger margin calls; if severe, it may result in forced liquidation of the portfolio.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Low<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Stock Dividend \/ Bonus Issue<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value falls on ex-date, while new shares are credited only on or after pay date, resulting in a temporary gap in financing coverage.<\/p><\/td><td width=\"25%\"><p>Price drops proportionally; total value unchanged.<\/p><\/td><td width=\"22%\"><p>Minimal risk if the counter remains margin-eligible.<\/p><p>The drop in collateral value reduces buying power and may trigger margin calls; if severe, it may result in forced liquidation of the portfolio.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Low<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Share Split \/ Reverse Split<\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value unchanged; only quantity and price adjust.<\/p><\/td><td width=\"25%\"><p>Price changes proportionally to split ratio.<\/p><\/td><td width=\"22%\"><p>Minimal risk if counter remains eligible.<\/p><\/td><\/tr><tr><td width=\"10%\"><p><strong>Low<\/strong><\/p><\/td><td width=\"17%\"><p><strong>Cash Dividend <\/strong><\/p><\/td><td width=\"23%\"><p>Collateral value falls on ex-date, while cash is credited only on or after pay date, resulting in a temporary gap in financing coverage.<\/p><\/td><td width=\"25%\"><p>Price drops by dividend amount, usually by a small amount.<\/p><\/td><td width=\"22%\"><p>Minimal risk unless yield is unusually high.<\/p><\/td><\/tr><\/tbody><\/table><p>*TERP = Theoretical Ex-Rights Price<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-13123\" class=\"elementor-tab-title\" data-tab=\"23\" role=\"button\" aria-controls=\"elementor-tab-content-13123\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">How do I interpret my account statement?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-13123\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"23\" role=\"region\" aria-labelledby=\"elementor-tab-title-13123\"><table><tbody><tr><td width=\"160\"><p><strong>Metric<\/strong><\/p><\/td><td width=\"441\"><p><strong>Description<\/strong><\/p><\/td><\/tr><tr><td width=\"160\"><p>Cash B\/F<\/p><\/td><td width=\"441\"><p>Cash brought forward<\/p><\/td><\/tr><tr><td width=\"160\"><p>Adjustments<\/p><\/td><td width=\"441\"><p>Fund deposited or withdrawn<\/p><\/td><\/tr><tr><td width=\"160\"><p>Net Comm\/GST<\/p><\/td><td width=\"441\"><p>Net commission paid, with GST if applicable<\/p><\/td><\/tr><tr><td width=\"160\"><p>Realised P\/L<\/p><\/td><td width=\"441\"><p>Realized profit or loss for Futures, Options and OTCD trades<\/p><\/td><\/tr><tr><td width=\"160\"><p>Option Premium<\/p><\/td><td width=\"441\"><p>Option premium paid or received<\/p><\/td><\/tr><tr><td width=\"160\"><p>Stock Purchases<\/p><\/td><td width=\"441\"><p>Total value of securities bought<\/p><\/td><\/tr><tr><td width=\"160\"><p>Stock Proceeds<\/p><\/td><td width=\"441\"><p>Settled stock proceeds<\/p><\/td><\/tr><tr><td width=\"160\"><p>Cash C\/F<\/p><\/td><td width=\"441\"><p>Cash carried forward<\/p><\/td><\/tr><tr><td width=\"160\"><p>Forward Value<\/p><\/td><td width=\"441\"><p>Forward dated realized profit or loss for Futures, Options and OTCD trades<\/p><\/td><\/tr><tr><td width=\"160\"><p>Unrealised P\/L<\/p><\/td><td width=\"441\"><p>Floating profit or loss from open positions in Futures, Options and OTCD positions<\/p><\/td><\/tr><tr><td width=\"160\"><p>Equity Balance<\/p><\/td><td width=\"441\"><p>Equity Balance represents the total value of your account after accounting for all settled and unrealised activities.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Collateral BG\/Cash<\/p><\/td><td width=\"441\"><p>Cash equivalent collateral, including Bank Guarantees<\/p><\/td><\/tr><tr><td width=\"160\"><p>Collateral Eligible Securities (Net)<\/p><\/td><td width=\"441\"><p>Eligible collateral that counts toward Margin Excess and Available Equity for Securities<\/p><\/td><\/tr><tr><td width=\"160\"><p>Collateral Marginable Securities (Net)<\/p><\/td><td width=\"441\"><p>Eligible collateral that counts toward Available Equity for Securities<\/p><\/td><\/tr><tr><td width=\"160\"><p>Outstanding Stock Proceeds<\/p><\/td><td width=\"441\"><p>Value of stocks sold that have not been settled<\/p><\/td><\/tr><tr><td width=\"160\"><p>Margin Stock Credit<\/p><\/td><td width=\"441\"><p>Purchased value of stocks that count toward Margin Excess \/ Deficit<\/p><\/td><\/tr><tr><td width=\"160\"><p>Initial Margin<\/p><\/td><td width=\"441\"><p>Initial margin arising from open positions in Futures, Options, and OTCD<\/p><\/td><\/tr><tr><td width=\"160\"><p>Main. Margin<\/p><\/td><td width=\"441\"><p>Maintenance margin arising from open positions in Futures, Options, and OTCD<\/p><\/td><\/tr><tr><td width=\"160\"><p>Excess Control Curr<\/p><\/td><td width=\"441\"><p>Value of excess controlled currencies. This amount will be deducted from Margin Excess \/ Deficit, Available Equity for Securities and Allowable Withdrawal.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Margin Excess \/ Deficit<\/p><\/td><td width=\"441\"><p>Excess funds to support trading of Futures, Options and OTCD. A negative value indicates a shortfall.<\/p><p>\u00a0<\/p><p>Margin calls are based on this value, but the daily Margin Excess \/ Deficit value does not directly equal the margin call amount for that day. Margin calls are determined on a cumulative basis.<\/p><\/td><\/tr><tr><td width=\"160\"><p>Available Equity for Securities<\/p><\/td><td width=\"441\"><p>Excess funds to support trading of Securities<\/p><\/td><\/tr><tr><td width=\"160\"><p>Allowable Withdrawal<\/p><\/td><td width=\"441\"><p>Available funds that can be withdrawn. This excludes outstanding stock proceeds and excess controlled currencies<\/p><\/td><\/tr><tr><td width=\"160\"><p>Net Option Value<\/p><\/td><td width=\"441\"><p>Combined mark-to-market value of all open option positions<\/p><\/td><\/tr><tr><td width=\"160\"><p>Stocks Market Value<\/p><\/td><td width=\"441\"><p>Total market value of all your securities holdings, based on the closing prices of each security.<\/p><\/td><\/tr><\/tbody><\/table><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Shares Margin Trading Enjoy a shares financing rate of only 4.5% p.a. on NOVA. Open an account In fast-moving markets, opportunities don\u2019t wait. Investors often need access to capital right when news breaks \u2014 but what happens when your funds are already tied up in existing positions? What many traders don\u2019t realise is that you [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"parent":13157,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-44178","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Shares Margin Trading - Phillip Nova - Bringing global markets closer to you<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.phillipnova.com.sg\/stocks\/shares-margin-trading\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shares Margin Trading - Phillip Nova - Bringing global markets closer to you\" \/>\n<meta property=\"og:description\" content=\"Shares Margin Trading Enjoy a shares financing rate of only 4.5% p.a. on NOVA. 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