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Phillip Securities SG Broker Review (Poems) 2025

Phillip Securities SG Broker Review (Poems) 2025
Company:Phillip Securities SG
Founded:1975
Min Deposit:$1000
Max Leverage:4
Headquarter:

Singapore

US Accepted:
Market Watch Stock Research ETF Screener Employee Share Options Service

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

About
Phillip Securities SG is a brokerage and wealth management firm in Singapore, regulated by the Monetary Authority (MAS). The company has regulated entities in 14 other countries, providing Stockbroking, Forex, Options trading, and access to Unit Trusts, and ETFs globally. Its flagship platform, POEMS, supports trading CFDs and 26 global exchange markets (e.g., SGX, BURSA, HKEX, TSE, NYE, NASDAQ, and TSX) with leverage of up to 3.5 and no minimum deposit requirements.
Contact
250 North Bridge Road, #06-00, Raffles City Tower Singapore 179101
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Access to 26 global stock exchanges and 12 international markets
Free access to market insights and analysis
Cash Management Account for consolidated fund management
No commissions on Forex
Cons
Higher minimum commission fees for some international markets
Complex product offerings for beginners
Limited account types
High minimum deposit ($25,000) for advisory services
score of blog
5 From 5.0
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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 SG
Phillip Securities; A broker led by CEO LIM WEN-JIANG and headquartered in Singapore

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 Forex 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.

Entity Parameters/Branches

Phillip Securities Pte Ltd

Phillip Securities Japan, Ltd

Regulation

MAS

FSA

Regulation Tier

2

2

Country

Singapore

Japan

Investor Protection Fund/Compensation Scheme

No

Up to ¥10 million

Segregated Funds

Yes

Yes

Negative Balance Protection

No

No

Maximum Leverage

1:3.5

1:3.5

Client Eligibility

Singapore

Japan

Phillip Securities CEO

The Phillip Securities Group operates under the guidance of experienced CEOs and Managing Directors across multiple regions:

  • Singapore: Linus Lim  (Director & CEO of Phillip Capital Management)
  • Thailand: Cameron Payne Frazier (CEO of Phillip Securities Thailand Public Company Limited)
  • Japan: Makoto Nagahori (President & CEO of Phillip Securities Japan)
  • Hong Kong: Lim Wah Sai (Managing Director & Responsible Officer of the Phillip Securities Group of Companies)
  • Malaysia: En. Mohd Fadzli Bin Mohd Anas (CEO & Executive Director of Phillip Mutual Berhad PMB)
Phillip Securities Singapore CEO
Linus Lim, CEO of Phillip Securities Singapore

Phillip Securities SG Table of Specifications

The company provides trading services through Poems Forex Broker with access to26 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.

Why Phillip Securities SG Broker?
Phillip Securities SG advantages and disadvantages

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 brokeroffers a full suite of solutions, from the most advanced MetaTrader 5 to the proprietary POEMS Mobile 3.

MT5

TradingFinder has developed a wide range of advanced MT5 indicators that you can use for free.

Phillip Nova 2.0

Phillip Securities Mobile Application
Phillip Securities Phillip Nova 2.0 has 5K+ downloads and a 3.6/5 rating on the Google Play Store

CQG

Trading Technologies (TT)

POEMS 2.0 (Stocks, Forex, Gold, Futures, etc.)

POEMS Pro

The platform is only accessible through Windows devices.

POEMS Mobile 3

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:

Phillip Securities Cash Plus Fees

  • Singapore Stocks: 0.06% to 0.08%
  • US Stocks: Flat rate of $1.88 to $3.88
  • Forex: No commissions
  • Market Spreads

Phillip Securities Cash Management Trading Costs

  • Foreign Shares: S$2.00 per counter per month
  • Cash Dividend: 1% on the net dividend as a handling fee
  • Other Products: S$10
  • Market Spreads

Phillip Securities Swap Fees

The broker charges rollover fees for holding positions overnight. Note that swap rates for FX pairs are not disclosed on the official website.

Phillip Securities Trading Costs
Phillip Securities fees and costs for Gold trading on the POEMS platform

Here are the Phillip Securities swap fees for various trading instruments:

Instrument

Swap Long POEMS

Swap Short POEMS

Swap Long MT5

Swap Short MT5

Australia Stocks

6.5%

From 3.0%

-

-

Hong Kong Stocks

7.25%

From 3.0%

-

-

Japan Stocks

2.75%

From 2.75%

-

-

Singapore Stocks

6.75%

From 3.0%

6.75%

From 3.0%

United Kingdom Stocks

7.5%

From 3.0%

-

-

United States Stocks

8.0%

From 2.0%

8.0%

From 2.0%

Singapore Indices

6.75%

4.0%

6.75%

4.0%

UK Indices

7.5%

2.5%

7.5%

2.5%

US Indices

8.0%

2.0%

8.0%

2.0%

Metals

8.0%

5.0%

8.0%

5.0%

Energies

8.0%

2.0%

8.0%

2.0%

Forex

N/A

N/A

N/A

N/A

Phillip Securities Non-Trading Costs

Poems does not charge a blanket inactivity fee for all accounts, but certain account types incur maintenance or custodian fees if there is no trading activity.

Poems Cash Account Non-Trading Fee

  • Maintenance fee: S$15.00 quarterly (plus GST)
  • Charged based on account balance at the end of March, June, September, and December
  • Waiver: At least 1 trade per quarter

Global Stocks Account Non-Trading Fee

  • Custodian fee: S$2.00 per counter per month (plus GST), capped at S$150 per quarter
  • Waiver: At least 1 trade per quarter

Poems Broker Payment Options

Phillip Securities offers a variety of payment methods for funding trading accounts and withdrawals.

Phillip Securities SG Payment MethodsPhillip Securities charges no fees for deposits

Phillip Securities Deposit Methods

Clients can fund their Phillip Securities accounts through various online and offline payment methods. All transfers must originate from a bank account registered in your name, and the correct PSPL account number must be entered as the payment reference.

Deposit Method

Processing Time

Fee

Minimum Deposit

Currency

PayNow / PayLah!

15 mins (excl. 11:15 pm–12:15 am & 5–9 am)

$0

Banking limit

SGD

FAST Transfer

15 mins (excl. 11:15 pm–12:15 am & 5–9 am)

$0

Banking limit

SGD

eNETS

15 mins (excl. 11:15 pm–12:15 am & 5–9 am)

$0

SGD 1,000

SGD

Electronic Payment for Shares (EPS)

Next working day if before 9 pm

$0

No limit

SGD

Internet Bill Payment

2 working days

$0

Banking limit

SGD

DBS Multi-Currency Account Transfer (Non-SGD)

Up to 1 working day

$0

Banking limit

USD, HKD, AUD, EUR, GBP, CNH

Telegraphic Transfer (TT)

Up to 1 week

Bank charges; +S$10 handling (outgoing)

Banking limit

SGD, USD, HKD, JPY, MYR, AUD, GBP, EUR, CAD, CNY

CPF/SRS

On due day

Agent bank/SRS fee

CPF/SRS investable amount

SGD

GIRO – Shares

D+2 (deduction), D+1 (payment)

$0

No limit

SGD

GIRO – Regular Savings Plan (RSP)

1–5 working days before investment day

$0

Scheduled amount

SGD

GIRO – Share Builders Plan (SBP)

1–5 working days before investment day

$0

Scheduled amount

SGD

Phillip Securities Withdrawal Methods

  • 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. However, a dedicated copy trading feature is not offered.

  • 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.

Phillip Securities Trading Markets
Available trading instruments on the Phillip Securities broker

Tradable assets include the Forex market, 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.

Category

Type of Instruments

Number of Symbols

Competitor Average

Max Leverage

Forex

CFDs

40+

50 - 70 currency pairs

1:3.5

Indices

CFDs

5

10 - 20 instruments

N/A

Stocks

CFDs

20,000+

800 - 1200

N/A

ETFs

CFDs

4,000+

20 - 30

N/A

Bonds

CFDs

20,000+

N/A

N/A

Commodities

CFDs

6 instruments like gold, silver, and crude oil

15 - 30 instruments

N/A

Futures

Futures

100+

50 - 100 instruments

N/A

Options

Options

N/A

N/A

N/A

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 everyS$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

Phillip Securities Awards

With over 40 years of market leadership, PhillipCapital pioneered online trading in Singapore with POEMS (1996) and CFDs (2003), earning consistent recognition for innovation, service quality, and product excellence across regional and global financial markets. Key Phillip Securities awards:

  • Multiple SIAS Best Retail Broker wins and SGX Top Member titles
  • Recognized for ETF market making, innovative products, and platform reliability
  • Multiple ShareInvestor Awards across brokerage, CFD, forex, and platform categories
  • Repeated Investment Trends titles for the Largest CFD/Online Broker
Phillip Securities Awards
Phillip Securities was titled the Best Retail Broker Award (Runner Up) 2022 by Securities Investors Association Singapore (SIAS) 

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.

Email

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
Phillip Securities SG Geo-Restrictions
A list of prohibited countries on Phillip Securities SG

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

You can also check TradingFinder's Forex education for additional resources.

Phillip Securities Comparison Table

The table below compares Phillip Securities' services with popular competitors in the market.

Parameter

Phillip Securities Broker

IC Markets BrokerXM BrokerLiteForex Broker

Regulation

FCA, SEC, MAS, ASIC, MAS, FSA

FSA, CySEC, ASICASIC, FSC, DFSA, CySECCySEC

Minimum Spread

From 0.6 pipsFrom 0.0 PipsFrom 0.6 PipsFrom 0.0 Pips

Commission

From $0.0From $3$0 (except on Shares account)From $0.0

Minimum Deposit

S$1,000

$200$5$50

Maximum Leverage

1:3.5

1:5001:10001:30

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 MobileMT4, MT5, Mobile AppMetaTrader 4, MetaTrader 5, Mobile Proprietary App

Account Types

Cash Plus, Cash Management

Standard, Raw Spread, IslamicMicro, Standard, Ultra Low, SharesClassic, ECN, Demo

Islamic Account

N/AYesYesNo

Number of Tradable Assets

40,000+

2,250+1400+N/A

Trade Execution

Market

MarketMarket, InstantMarket

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.

FAQs

What is Phillip Securities SG and how long has it been operating?

Phillip Securities SG is a well-established financial services provider founded in 1975, operating under the PhillipCapital Group since 2002. It offers access to 40,000+ financial instruments across 26 global exchanges.

What types of accounts are available?

The company offers Cash Plus and Cash Management accounts.

What trading platforms does Poems provide?

The broker offers POEMS 2.0, POEMS Mobile 3, POEMS Pro, MT5, Phillip Nova 2.0, CQG, and TT trading platforms.

Is Phillip Securities a regulated broker?

Yes, the Singapore branch is regulated by the country’s Monetary Authority (MAS).

What is the minimum deposit requirement?

The minimum deposit to open an account is S$1,000. However, for advisory and managed portfolio services, a S$10,000 minimum is required.

Is Forex trading commission-free on POEMS?

Yes, Forex trading is commission-free on the Cash Plus account, with spreads starting from 0.6 pips, offering competitive pricing for currency traders.

Does Phillip Securities SG offer investment advisory or robo-advisory services?

Yes, investors can access Managed Accounts with no lock-in, and Smart Portfolio Robo-advisory services, allowing diversified portfolios built by professional managers and aligned to the investor’s risk profile.

What payment methods are supported for deposits and withdrawals?

Deposit options include PayNow, PayLah!, Google Pay, eNETS, GIRO, and telegraphic transfers. Withdrawals can be processed through bank transfer, cheque, PayNow, or POEMS Reward Redemption.

What promotions or referral bonuses does Phillip Securities offer?

The broker runs several promos: a welcome gift up to S$1,000, trading promotions, and referral rewards of up to $680 per client brought in.

Does Phillip Securities SG provide access to global markets?

Yes, clients gain access to 26 global exchanges across regions including Singapore, the US, Japan, Hong Kong, Australia, and Europe.

How is account verification (KYC) done?

Singaporeans can complete KYC using Sign Pass. Other clients must upload documents such as passport/ID, proof of address, selfie, and TIN via the client portal.

What types of tradable assets does POEMS offer?

Phillip Securities SG supports Forex, stocks, ETFs, indices, futures, options, bonds, mutual funds, NVDRs, and Pre-IPO investment opportunities—covering over 40,000 assets.

Are Islamic or swap-free accounts available?

No, Phillip Securities SG does not offer Islamic accounts, which may be a limitation for traders requiring Sharia-compliant options.

What are the fees or commissions for trading with POEMS?

Fees vary by market: Forex is commission-free, SGX stocks cost 0.06%–0.08%, US stocks from $1.88 flat, and CFDs and bonds have tiered minimum charges depending on the region.

What is the maximum leverage offered?

Phillip Securities offers modest leverage of up to ×3.5, aligned with regulatory limits in Singapore and suitable for conservative trading and investment strategies.

What are the support options and working hours?

Support is available Monday to Friday (8:30 am – 12:00 am) and Saturday (8:30 am – 1:00 pm) through email, phone, chatbot, and callback request.

Does Phillip Securities charge fees for deposits or withdrawals?

No deposit fees are charged. Withdrawal methods such as PayNow and local bank transfers are also free, though international wire transfers may incur third-party charges.

Can international clients open accounts with Phillip Securities SG?

Yes, international clients can register, but must complete manual KYC. However, residents of the US, North Korea, and Iran are restricted.

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