- Min. Commission Fee US Stocks
- US$10.88
- Min. Commission Fee SG Stocks
- S$0
- Min. Funding
- S$0
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If you are new to PhilipCapital POEMS Singapore and are looking to open a POEMS account, you can simply scroll up and click on the POEMS bubble to sign up for an account seamlessly. Alternatively, visit the Phillip Securities website to complete the application.
What is PhilipCapital's minimum deposit for opening a trading account? If I were to open a POEMS trading account, what are some trading fees I will be charged for my trades in the future? Fees are some of the most common questions that we have while considering an online brokerage. Fret not, we have it all covered here.
POEMS Trading Fees | Cash Plus Account | |
---|---|---|
SGX Market | 0.12% (up to S$30k contract value) | |
US Markets | US$10.88 | |
CFDs - Singapore | 0.128% (on Index Component Stocks) | |
Account Maintenance Fee | S$15 per quarter (waiver available) | |
Cash Dividend Processing Fee | 1% on net dividend (min. S$1, max. S$50) | |
Platform Fee | S$0 | |
Account Closure Admin Charge | S$1.07 (if credit balance falls below S$1) | |
Transfer In Fee - SGX Shares (from CDP to custody) | S$10.70 per counter | |
Transfer In Fee - SGX Shares (from other brokers to custody) | S$0 | |
Transfer Out Fee - SGX Shares (from custody to CDP) | S$21.40 per counter | |
Transfer Out Fee - SGX Shares (from custody to other brokers) | S$64.20 per counter | |
Regular Savings Plan Handling Fee | S$0 | |
Share Builders Plan - Handling Fee | S$6.42 (for 2 or less counters, total investment below S$1k) |
PhilipCapital offers 5 trading platforms suitable for traders and investors of all levels - the Classic POEMS desktop trading platform, a new POEMS 2.0 which has recently been refreshed with faster features, POEMS 2.0 mobile, POEMS Mercury for advanced traders, and specialised platforms such as the Phillip MetaTrader 5, Phillip FXTrader for larger trade volume from professional and institutional investors, Phillip FX365 for futures trades only, POEMS Professional for futures, options, spot FX, and spot Bullion, a multi-language CQGTrader for futures and options, and TT Net for scalp traders.
POEMS Trading Products | ||
---|---|---|
Stocks/ Shares | Access to over 24 global exchanges | |
ETFs (Exchange Traded Funds) | Access to over 3,000 ETFs listed on global exchanges | |
Warrants | Gives you the right to purchase securities in the future | |
DLCs (Daily Leverage Certificates) | 23 long and short DLCs available from 3 to 7 times leverage | |
Unit Trust (or Mutual Funds) | Over 1,800 funds available on POEMS | |
CFDs (Contracts For DIfferences) | CFDs for equities, ETFs, indices, commodities, FX, and DMAs | |
RSP (Regular Savings Plan) | Over 44 stocks, ETFs, and unit trusts available | |
Securities Financing | Over 100 bonds, 2,000 stocks and ETFs across 11 global markets | |
Securities Borrowing and Lending | Temporary securities loan available on POEMS | |
Bonds | Over 200,000 bonds across 9 currencies | |
Money Market Fund | Uses excess funds to invest in short-term, low-risk, liquid securities such as bonds and bills | |
Forex/ Futures | Access 24 hour broking over 21 global exchanges and over 40 major and exotic FX pairs | |
Insurance | Over 20 insurance partners and 12 products | |
SRS (Supplementary Retirement Scheme) | Invest using governmental SRS funds | |
Managed Account Services | Investment portfolio serviced by managers, direct ownership of stocks | |
IPO Financing | Apply for Singapore IPO shares with 20% down payment | |
Phillip SMART Portfolio | Robo advisor-like structured portfolios serviced by investment managers | |
Phillip Wealth | Personalised wealth and portfolio management service | |
Securities Advisory Service | Trading representative selects stocks, ETFs from over 23 global exchanges | |
Excess Funds Management | Excess funds invested into Phillip Money Market Fund |
When choosing a broker, you need to find out if they provide daily, accurate, and relevant market news, journals, analysis, reports, and videos on their trading portals or websites for your perusal. Majority of brokers will provide you with materials ranging from trading product and instrument explainers for beginners, step-by-step tutorials for their trading platforms, to in-depth market reports for amateurs and professional traders and investors alike.
To contact PhillipCapital POEMS customer service, call 6531 1555 from 8:45am to 5:30pm, Mondays to Fridays. If you are a Phillip Futures client, call 6538 0500 between 9am to 6pm, Mondays to Fridays. If you are a Japanese speaking POEMS client, you can dial 6338 3942. For night trading on EUR, US, CA markets, you can contact the night desk customer service at 6531 1225. Alternatively, you will be able to access the POEMS Chatbot 24/7 if you need to retrieve your account details, unsuspend your account, or enquire about charges, payments, and platforms. Finally, you can visit any of POEMS Singapore’s branches at Raffles City, Ang Mo Kio, Boon Keng, Bukit Batok, Bukit Timah, Holland, Jurong East or West, Marine Parade, Marsiling, Northpoint City, Raffles Place, Tai Seng, Toa Payoh, or Bugis by appointment only.
PhilipCapital POEMS Singapore is a great online brokerage firm for experienced investors and traders who are trading in high volume, especially for asset values above S$250,000 and are able to maximise the preferential 0.08% commission fee for SGX Singapore stocks and US$6.88 commission fee for US stocks.