Phillip Securities-Some important Details about This Broker
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 | |
| Founded | 1998 |
| Registered Country/Region | Singapore |
| Regulation | Not Regulated |
| Market Instruments | Stocks, CFD, Forex/Bullion, Unit Trust, Bonds, Futures |
| Demo Account | Yes |
| Trading Platform | POEMS 2.0, POEMS Mobile 3, POEMS Pro |
| Customer Support | 24/7 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.
Pros and Cons
| Pros | Cons |
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Is Poems Legit?
Poems is not regulated by any financial authorities.
The WHOIS search shows that the domain poems.com.sg was registered on January 23, 1998. And its present state is “ok”.
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 Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Futures | ✔ |
| Indices | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
| Indices | ❌ |
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 Type | Features |
| Cash Plus Account | Low 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 Account | Link to CDP |
| - Contra | |
| - 0% Unit Trust sales charge |
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).
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable 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 |
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.
Deposit and Withdrawal
| Payment Options | Minimum Amount | Fees | Processing Time |
| FAST | - | $0 | Funds available for trading in 15 mins, excluding 11:15 PM-12:15 AM & 5-9 AM. |
| eNETS | SGD1,000 | $0 | eNETS 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 | - | $0 | Fund transfers made before 9 pm will be credited into your account the next working day |
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