Is there any difference between POEM custodian account and pre-paid account? Like in terms of fees you are paying?

Custodian Account have higher commission and allows Contra Trading.

Prepaid Account have lower commission due to the fact that Cash are paid out front to the product or position purchased.

The main difference will be the commission rate and Contra ability.

Here is the difference:

https://www.poems.com.sg/phillip-investment-acc...

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Basically, custodian account will mean you have to pay custodian fees. Your shares are also not kept in CDP but with POEMS as custodian.

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Prepaid means you have to fund your account before any stock purchases.