POEMS is an online trading platform owned by Phillip Securities, launched in 1996.。As Singapore's first online trading platform, POEMS connects exchanges in more than 26 countries and regions through a single account, providing users with the opportunity to participate in diversified financial investment products such as stocks, ETFs, CFDs, foreign exchange, gold, futures and funds.。

This article will review the POEMS trading platform, focusing on the latest POEMS Cash Plus account。The evaluation includes the advantages, disadvantages, fees and applicable people of the account.。

POEMS Background

PhillipCapital was founded in 1975 and is headquartered in Singapore, with offices in Australia, Cambodia, China, Malaysia, Hong Kong, Indonesia, Thailand, Japan, the United States and more than one million users, with a total asset management value of more than $35 billion, and is regulated by the Monetary Authority of Singapore (MAS).。

Phillip Securities (Phillip Securities), which is part of the Huili Capital Group, is responsible for stockbroking and is one of Singapore's oldest securities dealers.。In 1996, Huili Securities launched POEMS online trading platform, full name Phillip's Online Electronic Mart System。It is Singapore's first and the world's third online trading platform, providing global investors with cross-border financial trading services, as well as rich financial data, the latest financial market information, advanced chart analysis tools, stock analysis research reports, filters and so on.。

The core advantage of POEMS is that one account is connected to the world, and investors can easily trade exchanges in more than 26 countries and regions around the world through Cash Plus accounts, such as the United States, Hong Kong, Singapore, Malaysia, Japan, and Australian exchanges, covering stocks, ETFs, REITs, CFDs, foreign exchange, gold, futures, funds, bonds, warrants and other financial investment products.。And there is no platform fee, overseas stock storage fee.。

POEMS has two investment accounts: Cash Management account and Cash Plus account。

The Cash Management account connects to the Singapore Exchange Central Custody Securities Account (CDP), similar to the Malaysia Exchange CDS account.。Therefore, a Singapore CDP account is required to open a Cash Management account;

Cash Plus accounts do not have this restriction, have relatively low commission rates, and provide financing services for investors around the world.。The following mainly reviews POEMS Cash Plus accounts。

The following is a brief summary of the key information of POEMS:

Year of Establishment	Launched in 1996
Trading platform	POEMS 2.0 Desktop POEMS Mobile 2.0 Mobile version POEMS Pro desktop version (suitable for active investors, only supports Windows)
Account Type	Managed Account (Custodian Account)
tradable market	Singapore, USA, Hong Kong, China, Malaysia, Thailand, Indonesia, Japan, Australia, UK, Germany, Turkey, etc
Investment products	Stocks, ETFs, REITs, CFDs, foreign exchange, gold, futures, funds, bonds, warrants, etc.
Minimum account opening threshold	None
Commission rate	Singapore Market: 0.08% * Trading value, no minimum commission US market: 3.US $88 / trade, no minimum commission (fixed commission) Hong Kong Market: 0.08% * Trading value, minimum HK $30 per transaction China Market: 0.15% * transaction value, minimum 80 RMB per transaction
Access mode	Bank of Singapore: PayNow, FAST, eNETS, EPS, Internet Bill Payment, CPF / SRS, Cheque, GIRO Non-Singapore Bank: Wire Transfer
Minimum amount of deposit and withdrawal	None
Access fee	Singapore Bank Deposit: Free Non-Singapore Bank: Telegraphic Transfer Deposit: No Charge for Brokerage, Remittance Bank and Transit Bank Fees Telegraphic Transfer Deposit: Brokerage Fee 10.S $70 + remittance bank and transit bank charges
Inactivity Fee	16.05 SGD / Quarterly * At least one transaction per quarter will exempt the account idle fee * Singapore Exchange SGX only

POEMS Cash Plus Account Benefits

Brokers have a long history and are large

POEMS is one of the largest brokerage firms in Singapore - Phillip Securities (Phillip Securities) under the network trading platform, Huili Securities is a member of the Huili Capital Group, based in Singapore for 47 years, has a long history, large scale, is a reputable brokerage firm in Singapore, do not need to worry about the risk of vicious collapse without warning, the use of very safe。

Open an account quickly and easily across the line

POEMS account opening is very convenient, you can register and open a Cash Plus account online。The operation and management of the account, such as buying and selling transactions, deposits, withdrawals, transferring stock assets, viewing market quotes and data, etc., are all carried out online.。User can choose to use POEMS 2.0 Desktop and mobile apps, or POEMS Pro desktop for active investors (currently only Windows PCs)。

The author measured the account opening process, the whole is quite fast, about 3 to 5 minutes to complete the account filling information, upload identification documents, the next day on the audit through the completion of the account opening, the efficiency is quite high。

If you want to experience the POEMS trading platform in advance and then officially open an account, you can also apply for a virtual account (Demo Trading Account) for simulated trading, zero fees, zero risk.。

Participate in trading 26 capital markets and investment products worldwide

POEMS focuses on one account trading globally, and users can participate in trading 26 capital markets around the world, including Singapore, the United States, Hong Kong, China, Malaysia, Thailand, Indonesia, Japan, Australia, the United Kingdom, Germany, Turkey, etc.。

Covering a wide range of financial investment products, such as stocks, ETFs, REITs, CFDs, foreign exchange, gold, futures, funds, bonds, warrants (Warrants), etc., to meet different investment needs, using POEMS 2..0 mobile app can be traded anytime and anywhere。

POEMS supports pre-market trading in U.S. stocks from 07: 00 a.m. to 09: 30 a.m. EDT, corresponding to trading hours in Singapore, Taiwan, and Malaysia, with Daylight Saving Time from 19: 00 p.m. to 21: 30 p.m. and winter time from 20: 00 p.m. to 22: 30 p.m.。

Advanced trading platform features, providing in-depth data analysis

The POEMS trading platform is excellent. In addition to the changes in the market quotation of the investment target, it also provides more than 30 advanced investment functions, such as displaying the target's comprehensive financial data, corporate trends, competitor analysis, analyst ratings and target prices, deep market changes, stock filters, financial calendars, Phillip Securities Research research analysis reports, custom stock watch lists, etc.。

In addition, POEMS has launched a number of technical analysis functions for technical strategies, such as Chart-live, ChartWhiz, Trading Central, which can view the price changes of the target over the past 20 years, technical analysis indicators, and provide professional drawing tools to assist users in performing technical analysis.。

In terms of orders, POEMS's advanced order options include Stop Limit Order (Stop Limit Order), Limit if Touched Order (Limit if Touched Order), etc. Users can flexibly adjust the trading direction according to their investment strategies to control portfolio risk.。

In use, the POEMS trading platform operates smoothly, with no system anomalies, crashes, or problems with individual functions that cannot be used, allowing the entire stock selection, analysis, and trading experience to be good.。

Multi-channel, multi-currency deposit, Malaysian investors can use the ringgit deposit.

POEMS supports multi-channel deposit, holding a Singapore bank account, through PayNow, FAST, eNETS, EPS, Internet Bill Payment, CPF / SRS, check, GIRO and other channels, deposit SGD, without any charge, to the account speed of 15 minutes (PayNow, FAST, eNETS) to 2 working days (check and other channels)。

Wire transfers support multi-currency deposits, including Singapore dollar, US dollar, Hong Kong dollar, Japanese yen, ringgit, Australian dollar, British pound, euro, Canadian dollar and Chinese yuan.。

Another advantage of POEMS for Malaysian users is that it supports bank transfers to make money, saving wire transfer fees and exchange rate costs.。After that, to trade in other markets, you only need to use the built-in exchange function and convert to other currencies to trade.。

Generally, overseas brokerage firms are used to invest in U.S. and Hong Kong stocks, and Malaysian users must remit funds to the brokerage firm's overseas bank account through international wire transfer (Telegraphic Transfer), which generates expensive cross-border wire transfers and bank fees.。The POEMS support ringgit transfer deposit, solve the deposit problem, and can save a lot of remittance costs, the Malaysian users have a very big attraction.。

Account idle funds can be put into SMART Park to earn additional interest.

As long as there are more than S $100 of idle funds in the Cash Plus account, they will be automatically transferred to the POEMS "SMART Park Balance Pass" Huili New Dollar or US Dollar Money Market Fund, earning additional interest, on demand.。The new year's annualized return (1 Year Rolling Return) is about 0.1223%; dollar annualized return of approximately 0.1264%。

SMART Park does not have a lock-up period and does not have to pay sales fees, administrative fees, etc.。Seamless connection between Cash Plus accounts and SMART Park, when users trade investment products through Cash Plus accounts, the system will automatically transfer funds from SMART Park to pay for this transaction.。Users can also request withdrawals from SMART Park at any time。

POEMS Cash Plus Account Disadvantages

The trading interface is relatively complex

In contrast, the trading interface of POEMS is relatively complex, it takes some time to explore various functions, data, etc., and is less friendly for novices.。

Other non-transaction fees will be levied

In addition to commissions, POEMS imposes non-trading fees (non-trading fees), including account idle fees, overseas stock deposit fees, dividend collection fees and other corporate activity fees, which are additional costs to investors。

Fractional Share not supported

POEMS does not support zero-share trading and users cannot buy fractional shares (Fractional Share) through a Cash Plus account, i.e., shares that are less than one share (or the minimum trading unit threshold).。

The minimum trading unit for U.S. stocks is one share; the minimum trading unit for Hong Kong stocks depends on individual companies, some 100 shares, some 400 shares。

For small-money investors, the inability to trade zero shares will lack some appeal。But not all investors have the need to trade zero shares, so this shortcoming varies from person to person.。If you want to trade zero U.S. stocks, consider Interactive Brokers.。

What regulatory licences does POEMS hold？

Phillip Securities (Phillip Securities) is regulated by the Monetary Authority of Singapore (MAS), obtains a Capital Markets Services License (CMS License), and enforces a strict segregated custody policy to isolate user funds and assets, and Phillip Securities' own funds.。

How to open an account at POEMS？

POEMS can apply for account opening on the whole line, account opening is free, about 3 to 5 minutes can be completed, 1 to 3 working days will receive approval notice。

Click the exclusive link to enter the account opening page, enter your personal data, upload relevant documents to verify your identity, and then successfully open an account.。

What are POEMS Cash Plus account commissions and fees?？

POEMS Cash Plus account fees are divided into commissions (Commission) and other non-trading fees, such as account idle fees, dividend fees and so on.。No Platform Fee。The following - description。

Commission

POEMS commission fees are divided into three levels based on the Total Asset Value of the account: Starter, Premium Premier, and Premium Privilege.。Different levels of total asset value, different commission charges。Simply put, the higher the total value of assets, the cheaper the commission charge.。

◇ Getting Starter: Total assets SGD 0 - SGD29,999

◇ Premium Premier: Total assets SGD30,000 - SGD249,999

◇ Premium Privilege: Total assets SGD250,000 and above

The following is a summary of the commission structure for Singapore, the United States, Hong Kong and China at different asset value levels.。

trading market	Getting Starter $0 – $29,999	Premium $30,000 – $249,999	Premium Privilege $250,000 and above
Singapore	0.08% * trading value, no minimum commission	0.08% * trading value, no minimum commission	0.08% * trading value, no minimum commission
US (fixed commission)	3.$88 / trade, no minimum commission	2.$88 / trade, no minimum commission	1.$88 / trade, no minimum commission
Hong Kong	0.08% * Transaction value, minimum HK $30 per transaction	0.06% * Transaction value, minimum of HK $20 per transaction	0.05% * transaction value, minimum HK $15 per transaction
China	0.15% * transaction value, minimum 80 RMB per transaction	0.12% * transaction value, minimum RMB 60 per transaction	0.08% * transaction value, minimum RMB 50 per transaction

Small reminder:

◇ Commission discount period is from April 1, 2021 to December 31, 2022。The general commission structure can be found here.。

◇ Commission Offer Limited to Singapore (SGX), US (NYSE, NASDAQ, NYSE Amex), Hong Kong Market (HKEx)。

◇ Users must activate multi-currency (Multi-Currency facility) and SMART PARK (Excess Funds Management facility) functions。

Other Non-Trading Fees

One of the advantages of POEMS is that there is no platform fee (Platform Fee), but there is an account idle fee, overseas stock deposit fee, dividend collection fee and other corporate activity fees.。

项目	Getting Starter	Premium	Premium Privilege	Remarks
Account idle fee	16.05 SGD / Quarterly	16.05 SGD / Quarterly	Free	This fee may be waived if the Singapore Stock Exchange (SGX) is traded at least once per quarter.
Overseas stock deposit fee	2 Singapore dollars / month up to 150 Singapore dollars / quarter	2 Singapore dollars / month up to 150 Singapore dollars / quarter	Free	The following circumstances may be exempted: 1) At least 2 transactions per month 2) At least 6 transactions per quarter 3) Quarterly trading commissions of S $132 * * U.S. and Hong Kong stocks enjoy free deposit fees.
Dividend collection fee	1% * Net Dividend Minimum 1.07 SGD Highest 53.S $50	1% * Net Dividend Minimum 1.07 SGD Highest 53.S $50	Singapore dividend free	Singapore dividends enjoy the benefit of exemption from dividend collection fees.
Fees for other corporate activities	S $10 + out of pocket expenses	S $10 + out of pocket expenses	S $10 + out of pocket expenses

Account Maintenance Fee

If the user participates in the Singapore Stock Exchange (SGX), POEMS will levy an Account Maintenance Fee, 16 per quarter..S $05, levied at the end of March, June, September and December each year。If there is at least one Singapore stock market transaction per quarter, the account idle fee is waived.。

Trading in overseas exchanges other than SGX, no account idle fee。

Foreign Shares Custody Charges

Foreign Shares Custody Charges (Foreign Shares Custody Charges) is levied at S $2 per month per counter, with a maximum of S $150 per quarter.。Overseas stock deposit fees may be waived in the following circumstances.

At least 2 transactions per month, or at least 6 transactions per quarter, or a transaction commission of S $132 per quarter。

POEMS currently has a waiver of overseas stock deposit fees, limited to U.S. and Hong Kong stocks until December 31, 2022。

Dividend Handling Fee

Dividend Handling Fee (Dividend Handling Fee) is 1% of net dividends, with a minimum of 1.07 SGD, up to 53.S $50 (excluding other overseas fees and taxes)。

At present, Singapore dividends enjoy the benefit of exemption from dividend collection fees.。

If the total value of the account assets (Total Asset Value) is S $250,000 or more (Premium Privilege assets), the account idle fee, overseas stock deposit fee, and dividend fee collection fee are directly waived.。

Other Corporate Action Handling Fee

For other corporate activities, POEMS imposes a processing fee of S $10 and other out-of-pocket expenses.。

Who is suitable for using a POEMS Cash Plus account？

POEMS has a long history and a good reputation, its advantage is that investors do not need to worry about the risk of brokerage failure, suitable for long-term investment with peace of mind.。

In addition, POEMS Cash Plus accounts cover a wide range of trading markets and investment products, and are particularly suitable for investors interested in participating in overseas markets.。Trade globally with one account, eliminating the need to open multiple accounts, saving management time and effort。

For more advanced investors with investment knowledge and experience, POEMS provides advanced trading platform features, in-depth data analysis and research reports, providing them with the right tools and information.。

However, it is important to note that commission charges for POEMS Cash Plus accounts are not the lowest in the market, and some other low commission brokers are optional。However, if investors have large assets, they can invest in the Singapore stock market, the U.S. stock market, etc. at a very low commission rate。

It is worth mentioning that the interface and functions of the POEMS trading platform are relatively complex, and it may take some time for novices to adapt and explore。If the investor is new and only intends to hold certain stocks for the long term, POEMS may not be the best choice。Of course, novice investors can choose to register a virtual account first and then decide whether to open an official account after experiencing the POEMS trading platform.。This provides a better understanding of the characteristics and applicability of the platform。