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Poems Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-30 12:31

Abstract:Phillip Securities Pte. Ltd. operates as a privately held stock brokerage firm. The Company provides financial services to it clients including margin financing, custodial services, options, research, fund management, databases, real-time worldwide quotes, futures, and commodities. This company is headquartered in Japan.

Poems Review Summary
Founded1998
Registered Country/RegionSingapore
RegulationNot Regulated
Market InstrumentsStocks, CFD, Forex/Bullion, Unit Trust, Bonds, Futures
Demo AccountYes
Trading PlatformPOEMS 2.0, POEMS Mobile 3, POEMS Pro
Customer Support24/7 Chatbot
6531 1555, 6531 1276, 6538 0500Mon to Fri: 8.30 am to 12.00 am, Sat: 8:30 am to 1:00 pm
talktophillip@phillip.com.sg, poems_otoiawase@phillip.com.sg

Poems Information

  Phillip Securities Pte. Ltd., operating under the brand name POEMS since 1998, is a privately held stock brokerage firm offering multiple investment products, including stocks, CFDs, forex/bullion, ETFs, unit trusts, bonds, and futures through their proprietary platforms like POEMS 2.0, Mobile 3, and Pro. They provide demo accounts and offer low brokerage fees with no commissions on some assets.

Poems Information

Pros and Cons

ProsCons
  • Supports both PC and mobile platforms
  • Lack of regulation
  • Charges no commissions
  • Limited information on spreads and leverage
  • Offers multiple assets to trade

Is Poems Legit?

  Poems is not regulated by any financial authorities.

Is Poems Legit?

  The WHOIS search shows that the domain poems.com.sg was registered on January 23, 1998. And its present state is “ok”.

Is Poems Legit?

What Can I Trade on Poems?

  POEMS is a multi-asset, multi-market platform offering multiple investment products, including stocks, CFDs, forex/bullion, ETFs, unit trusts, bonds, futures, and more.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Futures✔
Indices✔
ETFs✔
Bonds✔
Indices❌
What Can I Trade on Poems?

Account Type

  POEMS offers two main account types: the Cash Plus Account for low-cost trading across multiple markets with features like 0% unit trust sales charge and trading on margin, and the Cash Management Account, which links to CDP and also offers 0% unit trust sales charge. Besides, they also offer demo accounts for beginners.

Account TypeFeatures
Cash Plus AccountLow Cost Trading
- Low brokerage for over 11 markets
- 0% Unit Trust sales charge
- No custody fee
- Fund cash or securities prior to trading
- Trade up to 3.5x of your cash deposit
Cash Management AccountLink to CDP
- Contra
- 0% Unit Trust sales charge
Account Type

Poems Fees

  Cash Plus offers low brokerage from US$1.88 flat/0.05% (min HK$15), no platform fees, and suits new investors with tiered risk levels: from Starter (S$0-29,999) to Premier (S$30,000-249,999) and Privilege (S$250,000 & above).

Poems Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
POEMS 2.0✔Web browsers (PC/Mac, iPad & tablets)All experience levels
POEMS Mobile 3✔Smartphones & Tablets (iOS & Android)On-the-go trading
POEMS Pro✔Windows PC & laptop (software)Active/Professional traders
Trading Platform

Promotions

  POEMS is currently running promotions offering cashback for investing in selected Nikko AM ETFs through the Share Builders Plan and a S$68 cash credit for trading Macquarie Warrants online. These promotions have specific eligibility periods and terms and conditions.

Promotions

Deposit and Withdrawal

Payment OptionsMinimum AmountFeesProcessing Time
FAST-$0Funds available for trading in 15 mins, excluding 11:15 PM-12:15 AM & 5-9 AM.
eNETSSGD1,000$0eNETS funds available for trading in 15 minutes (business days for CFD), excluding 11:15 PM-12:15 AM and 5-9 AM.
ATMs or Internet Banking-$0Fund transfers made before 9 pm will be credited into your account the next working day
Deposit and Withdrawal

  

Related broker

No Regulation
Poems
Company name:Phillip Securities Pte Ltd
Score
2.36
Website:https://www.poems.com.sg/
5-10 years | Suspicious Regulatory License | MT5 Full License | Global Business
Score
2.36

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