Compare the Best PhillipCapital (POEMS) Online Investment Brokerages in Singapore 2020

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We found 2 PhillipCapital (POEMS) Online Brokerages for you!
PhillipCapital (POEMS) logo

Min. Funding


Min. Funding
Online Promo
Most Popular Trading Platform
Min. Commission Fee US Stocks
Min. Commission Fee SG Stocks
Min. Funding
Online Promo:
Enjoy 5 Free Trades when you open a Cash Plus Account. Valid for new POEMS customer only.
Valid until 31 Dec 2020 - See T&Cs below
Apply Now
PhillipCapital (POEMS) logo

Min. Funding


Min. Funding
Min. Forex Fee
Min. Forex Spread
0.6 Pips
Min. Funding
Apply Now

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What is Phillip Securities POEMS Singapore

POEMS, otherwise known as Phillip’s Online Electronic Mart System, is an online trading platform by Phillip Securities’ brokerage division, Phillip Capital Singapore. PhillipCapital first launched POEMS in 1996. Later in 2013, POEMS 2.0 was launched to offer over 40,000 products such as stocks, ETFs, CFDs, DLC, warrants, bonds, unit trusts, FX, futures, share financing, securities borrowing and lending, excess funds management, IPO financing, HK Pre-IPO, regular saving plans, Robo Advisory, managed accounts, and insurance across more than 26 global exchanges such as SGX Singapore, NYSE and NASDAQ in US, and more.

POEMS Brokerage Fees

Commission Fee

POEMS commission fees vary according to your account status. For POEMS Cash Plus starter accounts with asset value below S$30,000, trades are subject to 0.12% commission for SGX Singapore stocks and US$10.88 flat for US Stocks. For POEMS Cash Plus premier account holders with asset value between S$30,000 and S$249,999, trades are subject to 0.10% commission for SGX Singapore stocks and US$8.88 flat for US Stocks. For POEMS Cash Plus privilege account holders with asset value above S$250,000, trades are subject to 0.08% commission for SGX Singapore stocks and US$6.88 flat for US Stocks.

Trading Fees

If you are trading on SGX Singapore, other trading fees include clearing fees of 0.0325%, SGX trading fee of 0.0075% on gross contract amounts, and SGX settlement instruction fee (SI fee) of S$0.35 per settlement. Structured warrants will incur 0.004% clearing fee of contract value, with a SGX trading fee of 0.001% of contract value. If you receive cash dividends, your dividends will be subject to a 1% charge on net dividend (minimum of S$1.07, capped at S$53.50 inclusive of GST) and any foreign broker fees and taxes if applicable. If you receive scrip dividends, your dividends will be subject to a S$10.70 (inclusive of GST) charge, and any foreign broker fees and taxes where applicable.

Who is POEMS Best For

Philip Capital POEMS is best for experienced investors and traders who are trading in high volume, especially for asset values above S$250,000, to maximise the preferential 0.08% commission fee for SGX Singapore stocks and US$6.88 commission fee for US stocks.

Opening a POEMS Account

If you are new to PhillipCapital POEMS and are looking to open a POEMS account, scroll up, select the POEMS account details page to sign up for an account seamlessly. Alternatively, visit the Phillip Securities website to complete the application.

Step 1Apply online

Visit the Phillip Securities website, select “Open An Account” where you will be guided through an online application form or prompted to apply for an account via SingPass MyInfo. With all the necessary documents, your application should be approved and account activated within 2 working days.

Step 2Application Status

To check on your POEMS application status, call the PhillipCapital customer service hotline at +65 6531 1555.

Step 3Start Trading

Once your account has been activated, you can fund your account via PayNow, FAST, eNETS, EPS, Internet Bill Payment, Telegraphic Transfer, Cheque, CPF/ SRS, or GIRO. Finally, login to your POEMS trading account and you will be able to place your first trade.

How do you trade with POEMS

If you are using POEMS 2.0 trading platform, you can submit a trade by first launching your POEMS 2.0 platform. Right click on your counter of choice, a sub-menu will pop up. Select “Trade” and the trade widget will open. When you see the trade widget, fill in your order type, trade action, price, quantity, and other details before you click submit. Once your order has been placed, you will then be able to view it under the “Order Status” tab.

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Commonly Asked Questions

Is POEMS CDP or custodian?

You can hold either a PhillipCapital POEMS Custodian Cash Plus account or link your own CDP (Central Depository) Singapore account to your PhillipCapital POEMS Cash Management account.

How do I activate my CDP account?

To create and activate a CDP (Central Depository) Singapore account, you have to first apply for a CDP account with the SGX Singapore website via an online form or via SingPass MyInfo if you are a Singapore citizen or PR (Permanent Resident). You will then receive an email confirming your application and requesting that you activate your account. Once you have verified your linked email account and received an email from the CDP notifying you of your application success, you are set to go. Alternatively, you can have your preferred bank or broker do up the CDP application for you at no cost usually.

What is a limit order to sell?

A Limit Order helps you purchase or sell a stock at a price that you have in mind and it comes in two forms: buy Limit Order and sell Limit Order. A buy Limit Order allows you to purchase shares at a preferred price (that is lower than the current market’s offering) and can only be executed at the limit price you have set in place, or lower. A sell Limit Order, on the other hand, allows you to sell your shares at a preferred price (that is higher than the market’s current offering) and will only be executed at the limit price you have set, or higher. Even though Limit Orders do not guarantee execution, it protects you from paying beyond your pre-determined price for a stock.

What is Phillip Capital’s customer service hotline?

Phillip Capital’s general enquiries hotline in Singapore is +65 6531 1555 and operates from 8:45 a.m. to 5:30 p.m. on weekdays. Alternatively, you may get customer support via the in-app chat function, Phillip Chatbot, which is located at the bottom right of the POEMS website. To retrieve your Trading Representative’s contact information through Phillip Chatbot, simply type in “remiser details”.