Phillip Securities-Some important Details about This Broker

WikiFX | 2025-04-30 12:31

Lời nói đầu：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
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.

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