Score
5-10 yearsSuspicious Regulatory License
MT5 Full License
Global Business
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index7.33
Risk Management Index0.00
Software Index9.36
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
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Company Name
Phillip Securities Pte Ltd
Company Abbreviation
Poems
Platform registered country and region
Singapore
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
Capital
$(USD)
| 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 | |
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 | Cons |
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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”.
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 | ❌ |
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 |
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 | 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 |
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.
| 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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