Customer Knowledge Assessment (CKA)
The Monetary Authority of Singapore (MAS) requires all CFD providers to determine whether trading CFDs is suitable for you, based on specific assessment criteria.
If you fail the initial assessment, you will be required to take a short quiz before you can begin trading. You can find full details on the CKA and the quiz below.
Download our step-by-step guide
What is the Customer Knowledge Assessment?
The Customer Knowledge Assessment (CKA) is designed to protect the interests of Retail clients. The assessment is a Monetary Authority of Singapore (MAS) requirement and means all CFD providers in Singapore are required to assess whether a client has the relevant knowledge or experience to understand the features and risks of trading CFDs before they can begin trading.
All clients applying for a City Index account will be subject to the CKA, which is included in a specific section of our application form.
Customer Knowledge Assessment Criteria
To pass CKA, you must meet one of the assessment criteria detailed below:
You will be informed of your CKA outcome upon submission of your application. If you fail to meet the assessment criteria during your application, you can still open and trade on a City Index account. To do so, you will need to pass a short quiz and submit a copy of your certificate to us so we can open your account. Follow the steps shown to take the quiz, or download a detailed guide here.
Click the 'take the quiz' button below. You may need to register first.
Take the module entitled 'Contracts for Difference (CFDs)'.
Complete the module and take the CFD quiz.
What do I need to do once I pass the quiz?
Once you have successfully passed the relevant quiz, you will receive a quiz certificate and will be eligible to trade on your City Index account. You will need to supply us with a copy of your certificate, either by logging in to My Account and using the Document Upload tool, or by emailing us.
Note: The CKA does not apply to Accredited Investors. You can find out more about Accredited Investor status here.