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Min. Funding
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Min. Funding
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PhilipCapital is a brokerage firm founded in Singapore in 1975 by Philip Securities with presence across 15 countries such as Australia, China, Hong Kong, France, Japan, and more. Both Phillips Securities Pte Ltd and its sister company, Phillips Futures Pte Ltd, are regulated by the Monetary Authority of Singapore (MAS).
PhilipCapital offers over 40,000 products such as stocks, ETFs, CFDs, DLC, warrants, bonds, unit trusts, FX, futures, share financing, securities borrowing and lending, excess fund management, IPO financing, HK Pre-IPO, regular saving plans, robo advisory, managed accounts, and insurance across more than 26 global exchanges such as SGX Singapore, NYSE and NASDAQ in US, and more.
Philip Securities’ POEMS Singapore, otherwise known in full as Phillip’s Online Electronic Mart System, is an online trading platform owned by Philip Securities’ brokerage division, PhilipCapital. PhilipCapital first launched the classic POEMS in 1996. Later in 2013, a newer POEMS 2.0 trading platform was introduced. Investors and traders can login to either the POEMS 2.0 desktop or mobile version on Apple iOS or Android to access their watchlists, portfolio, positions, transaction history, news, and online forms for fund withdrawal and currency conversion requests. Both desktop and mobile versions are synchronised.
If you are new to PhilipCapital POEMS Singapore and are looking to open a POEMS account, you can simply scroll up and click on the POEMS bubble to sign up for an account seamlessly. Alternatively, visit the Phillip Securities website to complete the application.
What is a CDP account? If you are new to trading or investing in Singapore, you will need to set up your CDP (Central Depository) account by the SGX (Singapore Exchange). A CDP account holds the shares that you have acquired and is regulated by the Monetary Authority of Singapore (MAS). So, how to open a CDP account online? Visit the SGX website, followed by the “Securities” category and “Retail Investor” if you are an individual trader or investor. You will then see the option to “Apply for CDP Securities Account”.
PhilipCapital offers both CDP and custodian account types – the Cash Plus Account is a custodian account which allows you to trade but acquired shares will be held by Phillip Securities. Any dividends will be transacted through your custodian account as well. The Cash Management Account, on the other hand, can be linked to your CDP account.
So, how to open a POEMS trading account online in Singapore? Visit the Phillip Securities website, select “Open An Account” where you will be guided through an online application form or prompted to apply for an account via SingPass MyInfo. With all the necessary documents, your application should be approved and account activated within 2 working days. To check on your POEMS application status, call the PhillipCapital customer service hotline at +65 6531 1555.
Once your account has been activated, you can fund your account via PayNow, FAST, eNETS, EPS, Internet Bill Payment, Telegraphic Transfer, Cheque, CPF/ SRS, or GIRO. Finally, login to your POEMS trading account and you will be able to place your first trade.
PhillipCapital offers a series of Investor Education materials for both beginner and experienced traders and investors alike on the POEMS Singapore platforms – you will be able to read current news articles, research, and analysis of the market via POEMS’ own Bull and Bear website, attend free video webinars on topics such as gold trading, insurance, and IPO on Zoom, and watch weekly outlooks, and market insights via the PhillipCapital Youtube channel. Finally, when you are ready, you will be able to create a demo account to practice creating watchlists, or viewing and submitting trade tickets etc. before making your first trade.
How to trade on POEMS? To submit your first trade, be sure you have assessed your budget, the risks involved, and that you have done adequate technical and fundamental research on your product or instrument of choice. Then, open your POEMS 2.0 platform, double click on a counter from your watchlist to bring up the trade ticket which you will have to fill in with your trade action, limit price, quantity, payment type, and currency. You will then be prompted to review your order before you place your trade.
What is PhilipCapital's minimum deposit for opening a trading account? If I were to open a POEMS trading account, what are some trading fees I will be charged for my trades in the future? Fees are some of the most common questions that we have while considering an online brokerage. Fret not, we have it all covered here.
| POEMS Trading Fees | Cash Plus Account | |
|---|---|---|
| SGX Market | 0.12% (up to S$30k contract value) | |
| US Markets | US$10.88 | |
| CFDs - Singapore | 0.128% (on Index Component Stocks) | |
| Account Maintenance Fee | S$15 per quarter (waiver available) | |
| Cash Dividend Processing Fee | 1% on net dividend (min. S$1, max. S$50) | |
| Platform Fee | S$0 | |
| Account Closure Admin Charge | S$1.07 (if credit balance falls below S$1) | |
| Transfer In Fee - SGX Shares (from CDP to custody) | S$10.70 per counter | |
| Transfer In Fee - SGX Shares (from other brokers to custody) | S$0 | |
| Transfer Out Fee - SGX Shares (from custody to CDP) | S$21.40 per counter | |
| Transfer Out Fee - SGX Shares (from custody to other brokers) | S$64.20 per counter | |
| Regular Savings Plan Handling Fee | S$0 | |
| Share Builders Plan - Handling Fee | S$6.42 (for 2 or less counters, total investment below S$1k) |
PhilipCapital offers 5 trading platforms suitable for traders and investors of all levels - the Classic POEMS desktop trading platform, a new POEMS 2.0 which has recently been refreshed with faster features, POEMS 2.0 mobile, POEMS Mercury for advanced traders, and specialised platforms such as the Phillip MetaTrader 5, Phillip FXTrader for larger trade volume from professional and institutional investors, Phillip FX365 for futures trades only, POEMS Professional for futures, options, spot FX, and spot Bullion, a multi-language CQGTrader for futures and options, and TT Net for scalp traders.
POEMS 2.0 is PhilipCapital’s flagship desktop trading platform and comes as a successor to the former classic POEMS desktop platform. POEMS 2.0 offers you access to over 15 exchanges worldwide, and access to trading products and instruments such as equities, CFDs, unit trusts, futures, and FX. Other POEMS 2.0 benefits include real-time streaming, intraday, and historical charts that span up to 20 years of data and can be customised, technical indicators, advanced trade actions such as stop limits and if-touched orders.
POEMS 2.0 Mobile is a mobile version of the POEMS 2.0 desktop trading platform, offering the same breadth of 15 international exchanges, equities, CFDs, unit trusts, futures, and forex trading products and instruments. POEMS 2.0 Mobile is synced to the desktop platform - meaning the watchlist you have created, your portfolio, outstanding positions, and transaction history logged on POEMS 2.0 desktop will appear on the mobile application too.
Classic POEMS was the first online trading platform developed by PhilipCapital in 1996. The platform was later replaced by a newer POEMS 2.0. While existing users can still trade on the Classic POEMS platform, new Phillip Capital traders and investors can no longer sign up for a Classic POEMS account. If you are still trading on Classic POEMS and would like to make the switch to POEMS 2.0, you will be able to import your watchlist via the POEMS 2.0 website.
| POEMS Trading Products | ||
|---|---|---|
| Stocks/ Shares | Access to over 24 global exchanges | |
| ETFs (Exchange Traded Funds) | Access to over 3,000 ETFs listed on global exchanges | |
| Warrants | Gives you the right to purchase securities in the future | |
| DLCs (Daily Leverage Certificates) | 23 long and short DLCs available from 3 to 7 times leverage | |
| Unit Trust (or Mutual Funds) | Over 1,800 funds available on POEMS | |
| CFDs (Contracts For DIfferences) | CFDs for equities, ETFs, indices, commodities, FX, and DMAs | |
| RSP (Regular Savings Plan) | Over 44 stocks, ETFs, and unit trusts available | |
| Securities Financing | Over 100 bonds, 2,000 stocks and ETFs across 11 global markets | |
| Securities Borrowing and Lending | Temporary securities loan available on POEMS | |
| Bonds | Over 200,000 bonds across 9 currencies | |
| Money Market Fund | Uses excess funds to invest in short-term, low-risk, liquid securities such as bonds and bills | |
| Forex/ Futures | Access 24 hour broking over 21 global exchanges and over 40 major and exotic FX pairs | |
| Insurance | Over 20 insurance partners and 12 products | |
| SRS (Supplementary Retirement Scheme) | Invest using governmental SRS funds | |
| Managed Account Services | Investment portfolio serviced by managers, direct ownership of stocks | |
| IPO Financing | Apply for Singapore IPO shares with 20% down payment | |
| Phillip SMART Portfolio | Robo advisor-like structured portfolios serviced by investment managers | |
| Phillip Wealth | Personalised wealth and portfolio management service | |
| Securities Advisory Service | Trading representative selects stocks, ETFs from over 23 global exchanges | |
| Excess Funds Management | Excess funds invested into Phillip Money Market Fund |
When choosing a broker, you need to find out if they provide daily, accurate, and relevant market news, journals, analysis, reports, and videos on their trading portals or websites for your perusal. Majority of brokers will provide you with materials ranging from trading product and instrument explainers for beginners, step-by-step tutorials for their trading platforms, to in-depth market reports for amateurs and professional traders and investors alike.
POEMS Singapore offers a simple guide to trading for beginners on its website, detailing initial goal-setting and budgeting processes, quizzes to determine your risk tolerance, asset allocation, and how to conduct daily news research and analysis by reading expert opinions, market journals from POEMS Singapore’s own Bull and Bear website, and attending webinars on Phillip Capital’s Youtube channel etc.
The POEMS website offers updated information such as Singapore Q4 2020 stock pick reports, daily morning notes on global markets, weekly market outlook calls and webinars, summarised market news, market watch videos, stock analytics, fundamental analysis on companies, and streaming news across the POEMS website and trading platforms.
Phillip Capital offers trading tools such as ETF and stock screeners, thematic portfolios, overview of indices prices and STI component stocks, market and ticker streamers, Chart-Live, ChartWhiz, trading central, and calculators.