Country Availability
Applicants include Singaporean/PR/foreigner residing in Singapore, Malaysian, and foreigner not residing in Singapore, subject to eligibility and documents; U.S persons excluded.
Source Brokers
Singapore-based Phillip Securities / POEMS is a MAS-regulated, full-service multi-asset broker and wealth platform offering stocks, ETFs, unit trusts, bonds, CFDs, forex, futures, options, robo-advisory and cash-management facilities through POEMS web, desktop and mobile platforms.
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84
/100
Overall score
Overall score is usable, but check the supporting evidence and caveats.
Based on evidence13 sources
Trust
90Cost
82Withdrawal
80Read first
Decision summary
84
/100
Overall
Overall is usable, but check the supporting evidence and caveats.
Headline score from research fields, regulation evidence, and scoring payload.
Best for
Singapore multi-asset investors · SGX/CDP users · investors combining stocks, ETFs, funds, bonds and leveraged products
Watch out
Entity, country restrictions, and high-risk fee fields should be checked carefully.
Trust signal
Trust looks strong, with high-confidence evidence. Still verify country/entity terms.
Withdrawal signal
Withdrawal is usable, but check the supporting evidence and caveats.
Availability
Countries and restrictions
Availability can vary by legal entity, account type, and local regulation. Treat this as a shortlist signal and verify details with the broker before opening an account.
Restricted Countries
Account eligibility excludes U.S. Persons; product disclaimers also state products are not offered to U.S. Persons.
SourceEvidence
Source-backed details
Trust5 fields
Regulators
Monetary Authority of Singapore (MAS)
SourceLicense Numbers
MAS FID lists licence statuses but no separate licence number was found in checked sources; company registration/UEN is 197501035Z.
SourceRegulated Entities
Phillip Securities Pte Ltd; incorporated in Singapore
SourceNegative Balance Protection
No negative balance protection found; Cash Plus infosheet warns customers are responsible for shortfalls and leveraged trading losses may exceed initial funds.
SourceInvestor Compensation
No investor compensation scheme was identified in checked POEMS/MAS pages; assets may be held at CDP, in PSPL custody, or trust accounts depending on account/product.
SourceCost7 fields
Minimum Deposit
No general minimum opening deposit disclosed for Cash Plus/Cash Management; eNETS deposit minimum is S$1,000 and SMART Portfolio starts from S$300.
SourceSpread From
Not disclosed in checked POEMS pages; broker primarily publishes brokerage/commission rates, while FX/CFD spreads may depend on Phillip Nova/CFD product pages.
SourceCommission
Cash Plus: US 0 commission; SG 0.08% to 0.06% no min. Cash Management/Margin: SG 0.28% to 0.18% min S$25; US 0.30% min US$20.
SourceMaximum Leverage
Cash Plus up to 5x cash deposit; CFDs up to 20x leverage.
SourceDeposit Fee
No blanket POEMS deposit fee found; S$20 + GST admin fee for missing/incorrect references; DBS MCA foreign-currency transfer has $0 fee.
SourceWithdrawal Fee
Ordinary cash withdrawal fee not clearly disclosed in checked pages; replacement cheque administration charge S$50 + GST and TT/bank charges may apply.
SourceInactivity Fee
No general inactivity fee found; custody/account maintenance charges can apply if activity/asset-value waiver conditions are not met.
SourceAvailability2 fields
Country Availability
Applicants include Singaporean/PR/foreigner residing in Singapore, Malaysian, and foreigner not residing in Singapore, subject to eligibility and documents; U.S persons excluded.
SourceRestricted Countries
Account eligibility excludes U.S. Persons; product disclaimers also state products are not offered to U.S. Persons.
SourceProduct5 fields
Tradable Assets
Stocks, ETFs, CFDs, bonds, unit trusts/funds, forex, futures, options, RSP/SBP, robo-advisory and money-market/cash solutions.
SourceTrading Platforms
POEMS Mobile 3 app, POEMS 2.0 web portal, POEMS Pro Windows desktop, POEMS Mobile 2.0 and broker-assisted trading representative access.
SourceAccount Types
Cash Plus, Cash Management/CDP-linked, Margin, Prepaid (CC), Custodian, SMART Portfolio and Managed Account options.
SourceDeposit Methods
PayNow, DBS MCA transfer, FAST, eNETS, EPS, Internet Bill Payment, eGIRO, USD cheque and cross-border telegraphic transfer.
SourceWithdrawal Methods
Login to POEMS > Stocks > Online Forms > Withdrawal form; transfer to pre-registered local bank account via quick cheque or collect cheque from cashier; not available for Cash Trading Account.
SourceBefore you decide
Things to verify
Minimum Deposit
No general minimum opening deposit disclosed for Cash Plus/Cash Management; eNETS deposit minimum is S$1,000 and SMART Portfolio starts from S$300.
Spread From
Not disclosed in checked POEMS pages; broker primarily publishes brokerage/commission rates, while FX/CFD spreads may depend on Phillip Nova/CFD product pages.
Withdrawal Processing Time
Before-10am linked-bank withdrawals are described as almost immediate; rejected-payment refunds: PayNow up to 1 week, other modes at least 2 weeks.
Withdrawal Fee
Ordinary cash withdrawal fee not clearly disclosed in checked pages; replacement cheque administration charge S$50 + GST and TT/bank charges may apply.
Investor Compensation
No investor compensation scheme was identified in checked POEMS/MAS pages; assets may be held at CDP, in PSPL custody, or trust accounts depending on account/product.
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Broker research, not investment advice
Availability, fees, investor protection, and regulation can vary by country and legal entity. Verify the broker and regulator details directly before opening an account.