Phillip Securities SG offers market spreads from 0.3 pips across 10 markets, covering CFD, Futures, and option contracts. The broker provides Forex trading with no commissions through its Cash Plus account.
The company has implemented various promotions, including a welcome gift of up to 1,000 SGD, and a referral commission of $680 per client.
Phillip Securities SG (Company Introduction and Regulatory Status)
Phillip Securities is a longstanding financial services firm established in 1975 and has been operating under the Phillip Capital Group since 2002.
Phillip Securities Pte Ltd (Reg. No. 197501035Z) is a member of PhillipCapital, which has 200+ investment centers and branches in 4 continents, 15 countries (e.g., Australia, USA, China, and the UK), and over 5,000 employees. Key features of PhilipSecurities SG:
- Regulated by the Monetary Authority of Singapore (MAS)
- Investment plans and insurance
- 40,000+ products
- Over $35B in Assets Under Management (AUM)
Registered in Japan, the company is officially regulated by the Financial Services Agency (FSA) and holds a Retail Forex License (No. 127).
The broker grants access to Japan’s primary trading venues, including the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE), and the Tokyo Commodity Exchange (TOCOM), thereby reinforcing its role in the domestic securities landscape.
Phillip Securities SG Table of Specifications
The company provides trading services through Poems Forex Broker with access to 26 exchange markets worldwide. Let’s explore the key features of Phillip Securities.
Broker | Phillip Securities SG |
Account Types | Cash Plus, Cash Management |
Regulating Authorities | FCA, SEC, ASIC, MAS, FSA |
Based Currencies | SGD, USD, HKD, JPY, AUD, GBP, EUR, CAD, CNY, and MYR |
Minimum Deposit | S$1,000 |
Deposit Methods | PayNow, PayLah!, PayAnyone, Google Pay, FAST, eNETS, Electronic Payment for Shares (EPS), Internet Bill Payment, Telegraphic Transfer, CPF/SRS, GIRO |
Withdrawal Methods | Bank Transfer, PayNow, Quick Cheque, Telegraphic Transfer, POEMS Reward Redemption |
Minimum Order | None |
Maximum Leverage | ×3.5 |
Investment Options | Stocks, ETFs, Unit Trusts, Bonds, SDR, Managed Account Services, Robo Advisor, Regular Saving Plans |
Trading Platforms & Apps | MT5, Phillip Nova 2.0, CQG, Trading Technologies (TT), POEMS 2.0, POEMS Pro, POEMS Mobile 3 |
Markets | Forex, Stocks, CFDs, ETFs, Stock Indices, Options, Futures, Bonds, Investment Funds, NVDR |
Spread | From 0.6 pips |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | N/A |
Trading Features | Stock Research, Market Watch, ETF Screener, Employee Share Options Service |
Affiliate Program | Yes |
Bonus & Promotions | Referral, Trading Promotions, Reward Points |
Islamic Account | N/A |
PAMM Account | No |
Customer Support Ways | Email, Phone, Chatbot, Call Back |
Customer Support Hours | Mon to Fri: 8:30 am to 12:00 am Sat: 8:30 am to 1:00 pm |
Poems Broker Account Offerings
Phillip Securities supports multiple account structures tailored to diverse investor profiles, including CDP-linked accounts, Cash Management Accounts, and Margin Accounts with financing rates from 3.08% p.a.
Opening an account incurs no fees, with a minimum initial funding requirement of S$1,000.
Phillip Securities Cash Plus Account
- Lowest brokerage rates (from 0.06% in the Singapore market to $1.88 flat for US trades)
- Multi-currency facility (SGD, USD, HKD, JPY, AUD, GBP, EUR, CAD, CNY, and MYR)
- Financing quantum of investment product up to 71%
- Online currency conversion
- Leverage up to ×3.5
- Access to over 20 global markets
Phillip Securities Cash Management Account
- Designed to control all investments, including Shares, Unit Trusts, and Bonds
- Multi-currency support (USD, HKD, MYR, JPY, AUD, GBP, EUR, CNY, and CAD)
- No dividends on SGX shares
Phillip Securities SG Pros and Cons
No platform and custody fees, and 10 different account currencies are the broker's strengths.
Here's a quick overview of the upsides and downsides of using Phillip Securities' POEMS platform.
Pros | Cons |
Access to 26 global stock exchanges and 12 international markets | Higher minimum commission fees for some international markets |
Free access to market insights and analysis | Complex product offerings for beginners |
Cash Management Account for consolidated fund management | Limited account types |
No commissions on Forex | High minimum deposit ($25,000) for advisory services |
Phillip Securities SG Account Opening and Verification Process
Creating an account with POEMS (Phillip Securities) is designed for both Singaporean and international clients, with full KYC compliance.
Singapore citizens benefit from Sign Pass-based onboarding, while foreign applicants must submit supporting documents manually.
The platform supports Cash Plus and Cash Management accounts with access to trading, multi-currency features, and more.
#1 Start the Registration Process
Go to the official POEMS website and click “Open an Account”. Select your preferred account type and the facilities you want to enable.
#2 Submit Application
Fill in the online form with your personal details, including:
- Full name
- Email address
- Phone number
- Country of residence
#3 Complete KYC verification
Log in to the broker's client dashboard and navigate to the KYC menu. Note that the verification procedure differs based on the client's nationality.
While Singaporeans can use Sign Pass for automatic data integration, other nationalities must provide the following documents:
- Proof of Identity: Passport or National ID
- Proof of Address: Utility bill or Bank statement
- Signature image
- Selfie
You also must provide your Tax Identification Number (TIN) and bank details to complete the Phillip Securities verification process.
Once reviewed and approved, your POEMS account will be activated for trading.
Phillip Securities SG Trading Platforms
We must discuss the trading platforms in this Phillip Securities SG review. Poems broker offers a full suite of solutions, from the most advanced MetaTrader 5 to the proprietary POEMS Mobile 3.
MT5
- MT5 Android
- MT5 iOS
- Desktop
Phillip Nova 2.0
CQG
Trading Technologies (TT)
POEMS 2.0 (Stocks, Forex, Gold, Futures, etc.)
POEMS Pro
- Windows
POEMS Mobile 3
TradingFinder has developed a wide range of advanced MT5 indicators that you can use for free.
Phillip Securities SG Fee Structure
Trading costs at Phillip Securities vary by asset and account type, with Singapore equities and ETFs charged at 0.12% commission (no minimum), and Hong Kong and Chinese equities starting from 0.05% and 0.08%, respectively.
Forex trading is commission-free, with spreads starting from 0.6 pips. CFD trades incur a minimum fee depending on region, for instance, US$15 for U.S. equities, HK$150 for Hong Kong, and AU$15 for Australian shares.
Phillip Securities' fee structure across various account types:
Cash Plus
- Singapore Stocks: 0.06% to 0.08%
- US Stocks: Flat rate of $1.88 to $3.88
- Forex: No commissions
- Market Spreads
Cash Management
- Foreign Shares: S$2.00 per counter per month
- Cash Dividend: 1% on net dividend as handling fee
- Other Products: S$10
- Market Spreads
Poems Broker Payment Options
Phillip Securities offers a variety of payment methods for funding trading accounts and withdrawals.
Deposit
- PayNow / PayLah! / PayAnyone / Google Pay
- FAST (Fast and Secure Transfers)
- eNETS (Minimum amount: 1,000 SGD)
- Electronic Payment for Shares (EPS)
- Internet Bill Payment
- Fund Transfer from DBS Bank Multi-Currency Account
- Telegraphic Transfer
- CPF/SRS
- GIRO (for Shares, Regular Savings Plan, and Share Builders Plan)
Withdrawal
- Bank Transfer
- PayNow to NRIC/FIN/UEN
- Quick Cheque
- Telegraphic Transfer
- POEMS Reward Redemption (Cash)
Phillip Securities SG Copy Trading and Investment Plans
Poems offers Managed Account Services for investors who prefer professional portfolio management.
- Direct ownership of stocks in the investor's name
- Flexible withdrawals with no lock-in periods or hidden fees
- 24/7 online access to portfolio holdings and monthly statements
- Customized portfolio strategies based on risk profile and objectives
- Diversified portfolios across global asset classes
- Leveraging Phillip's global research network
- Minimum investment: S$10,000
Poems Trading Assets
Phillip Securities offers a multi-asset investment environment with access to over 40,000 instruments across 26+ global exchanges.
Tradable assets include equities, ETFs, contracts for difference (CFDs), bonds, Futures market, derivatives like DLCs and warrants, mutual funds, unit trusts, and a wide FX selection of over 40 currency pairs.
The firm also supports advanced portfolio strategies via managed accounts, Robo-Advisory, share financing, and access to Pre-IPO investment vehicles in markets like Hong Kong.
- Forex
- Stocks
- ETFs
- Stock Indices
- Options
- Futures
- Bonds
- Investment funds
- Non-Voting Depository Receipts (NVDRs)
The wide range of tradable instruments allows for diverse trading strategies and portfolio diversification.
Phillip Securities SG Promotional Programs
The broker offers 3 main bonus plans: Reward Points, Referrals, and Trading Promotions (for new and existing accounts).
- Affiliate: Up to $680 for referring new clients
- Reward Points: 1 Poems Reward Point for every S$1 commission on trading equities via proprietary platforms
- Trading Promotions: Deposit bonus on Smart Portfolio, welcome gift of up to S$1,000, cash credits for investing in certain products
Poems Broker Support Channels
The company provides support from Monday to Friday, 8:30 am to 12:00 pm, and on Saturdays from 8:30 am to 1:00 pm. Phillip Securities also offers a full suite of customer service hotlines and an email address.
talktophillip@phillip.com.sg | |
Phone | 6531 1555 |
Chatbot | Available on the official website |
Call Back | Through the “Contact Us” page |
Clients can also engage with investment advisors at any of the 15 Phillip Investor Centre branches located throughout Singapore. The firm offers multilingual support and access to financial specialists for portfolio management, insurance planning, and other advisory services.
Phillip Securities SG Restricted Countries
The company has imposed geographical restrictions on certain countries due to regulatory compliance and AML policies. Red flag countries on Poems broker:
- United States
- Iran
- North Korea
Poems User Satisfaction
Trust score is one of the most important topics in this Phillip Securities SG review. The company has won multiple global awards, including the “Best Retail Broker 2024”, “Innovative Product of the Year 2023 – Singapore Depository Receipts”, and many more.
While there are not many reviews about Phillip Securities SG on reputable review websites, there are several factors we can consider to check the broker’s reliability.
- Reputation: Established in 1975 and part of the larger PhillipCapital network with a global presence in 15 countries
- Regulation: Multiple licenses in various regions, including FCA, SEC, MAS, and ASIC
- Security Measures: Segregated accounts for client funds
- Awards: Recipient of over 70 industry awards
Phillip Securities SG Broker Educational Content
Phillip Securities enhances client decision-making through its research-rich POEMS 2.0 platform, which includes professional-grade tools like Advanced Charting, Trading Central integrations, Web TV, Smart News feeds, and an Economic Calendar.
Investors can explore opportunities with ETF Screeners, Smart Alerts, and Robo-Advisory features. The broker also fosters investor education through face-to-face sessions with ETF issuers and in-branch financial literacy support.
In addition to a vast range of financial products, Poems provides a full suite of trading lessons and educational materials, mostly for free.
- Investment seminars and events
- Market Journal
- Video tutorials
- Weekly Market Call updates
Phillip Securities Comparison Table
The table below compares Phillip Securities' services with popular competitors in the market.
Parameter | Phillip Securities Broker | IC Markets Broker | XM Broker | LiteForex Broker |
Regulation | FCA, SEC, MAS, ASIC, MAS, FSA | FSA, CySEC, ASIC | ASIC, FSC, DFSA, CySEC | CySEC |
Minimum Spread | From 0.6 pips | From 0.0 Pips | From 0.6 Pips | From 0.0 Pips |
Commission | From $0.0 | From $3 | $0 (except on Shares account) | From $0.0 |
Minimum Deposit | S$1,000 | $200 | $5 | $50 |
Maximum Leverage | 1:3.5 | 1:500 | 1:1000 | 1:30 |
Trading Platforms | MT5, Phillip Nova 2.0, CQG, Trading Technologies (TT), POEMS 2.0, POEMS Pro, POEMS Mobile 3 | Metatrader 4, Metatrader 5, cTrader, cTrader Web, IC Markets Mobile | MT4, MT5, Mobile App | MetaTrader 4, MetaTrader 5, Mobile Proprietary App |
Account Types | Cash Plus, Cash Management | Standard, Raw Spread, Islamic | Micro, Standard, Ultra Low, Shares | Classic, ECN, Demo |
Islamic Account | N/A | Yes | Yes | No |
Number of Tradable Assets | 40,000+ | 2,250+ | 1400+ | N/A |
Trade Execution | Market | Market | Market, Instant | Market |
Conclusion and Final Words
Phillip Securities SG provides access to 40,000+ financial products, from Forex to Stocks and Bonds, via POEM, MT5, Nova, CQG, and TT trading platforms. Poems broker also offers money management services with a minimum deposit requirement of 10,000 SGD, and it accepts Google Pay, eNETS, and PayNow payments.