Phillip Securities-Some important Details about This Broker

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

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.

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.

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

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