PhillipCapital (POEMS) Reviews and Comparison - Seedly
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PhillipCapital (POEMS)

  • Overview
  • Reviews (152)
  • Questions (0)
  • More Details
Online Brokerages/PhillipCapital (POEMS)
Online Brokerages/PhillipCapital (POEMS)

Unclaimed

This product has not been claimed by the company yet.

USER RATINGS

Customer Support

4.2

User Experience

4.0

PhillipCapital (POEMS)

None
MINIMUM FEE
0.08%
TRADING FEES
Custodian
STOCK HOLDING TYPE

    PhillipCapital (POEMS)

    None
    MINIMUM FEE
    0.08%
    TRADING FEES
    Custodian
    STOCK HOLDING TYPE

Details

PhillipCapital POEMS Review 2020

Phillip's Online Electronic Mart System, or POEMS for short, is an online trading platform and brokerage by PhillipCapital. POEMS offers various types of accounts catered to the different needs of individual investors.

  • Trading Fees: 0.08%
  • Minimum Fee: None
  • Stock Holding Type: Custodian
Read More about PhillipCapital (POEMS)
Reviews (152)

4.0

152 Reviews

  • 5
    71
  • 4
    48
  • 3
    14
  • 2
    6
  • 1
    13

Read Review About...

Most HelpfulMost RecentLow to HighHigh to Low
  • Updated 1w ago

    Purchased

    PhillipCapital (POEMS)

    Never got to access my account at all. I applied all the way back in 11 March 2020. Contacted customer service multiple times until I saw account linkage confirmation email on 20 April 2020. Great. I thought I finally can login. Then I realized there's no password. I read on the site that I'm supposed to receive a password via snail mail. It's 17 Sept when I'm writing this review. I've never received it. I've contacted them about it, also didn't receive any follow up. I tried to reset my password online, and it says my account is not eligible to reset password. I've moved on with another broker while waiting. I guess maybe my income looks too small to be worthy of them serving at all?
    0 comments
    0
    Post
  • Updated 1w ago

    Purchased

    PhillipCapital (POEMS)

    [Others] I was quite blessed to have a good broker. Good in the sense whereby whenever you ask him anything, he will provide his opinion and gives you a new perspective. The occasional stock tips and in depth blog (he has a blog) content is quite useful as well; albeit slightly higher commission rates but I see it as "tipping" for the service provided.
    0 comments
    0
    Post
  • Updated on 18 Aug 2020

    Purchased

    PhillipCapital (POEMS)

    [Commission Rates] Simply overcharged. You can easily find better rates elsewhere. Just Google. [User Interface] Old system and slow response. It can take a few minutes just to send one order.
    2 comments
    0
    Frankie Rappaport
    Frankie Rappaport

    2w ago

    Fees could be lower, yes (see Ameritrade). Order execution however was always superfast.
    PhillipCapital
    PhillipCapital

    11m ago

    Hi Max, thank you for leaving us a review. We would like to take this opportunity to introduce our low cost account – Cash Plus Account. For more details, please visit www.poems.com.sg/cash-plus. We will continue to improve and serve you better!
    Post
  • Updated on 18 Aug 2020

    Purchased

    PhillipCapital (POEMS)

    My broker is fantastic. Always on the ball to assist whenever I have question... also learnt a lot from him. Just that it is quite difficult to manage many (10+) trades at once as you can't queue TP and SL together. Most advance orders only last for a day... unlike SAXO where you can open with an entry, TP, SL in one order FOREVER. You can also amend your order on the go (instead of cancelling previous order and add a new order in POEM) The rates is competitive on SG side. You can trade DLC with it as well. If SAXO has DLC too, I will shift over.
    3 comments
    0

    1 more comments

    PhillipCapital
    PhillipCapital

    15m ago

    Hi Mu Ming, thank you for your feedback. We are progressively enhancing to provide more advanced order types and validities options. At this stage, customers are able to perform a price and/or quantity amendment(s)* on Limit order(s) in ALL markets via POEMS Mercury platform. *Original order will be withdrawn and re-submitted with the amended details (except for downward amendments to order quantities in SGX)
    PhillipCapital
    PhillipCapital

    10m ago

    Hi Mojo, upon an account opening, a TR or dealer will be assigned to you.
    Post
  • Updated on 14 Aug 2020

    Purchased

    PhillipCapital (POEMS)

    The conditions displayed here are the best case. You will find very high fees and poor service, which cost your investment process. It is better not to listen to any advice from POEMS, which results in charging fees after fess.
    0 comments
    1
    Post
Questions (0)
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Types of services PhillipCapital POEMS provides

  • Poems 2.0 - a beginner friendly all encompassing interface for investors of all levels
  • Poems Mobile - for easy trading on the go
  • Poems Mercury - for more advanced traders
  • Other specialised platforms for CFD, Forex, UT and Futures
  • Access to over 40,000 products across more than 26 global markets
  • View your entire portfolio and access advanced features across all platforms anytime
  • Over 30 trading tools and features such as Enhanced Market Depth and Ticker Streamer for analysis and research

Types of accounts available with PhillipCapital (POEMS)

The types of account provided are:

  • Basic Trading (Cash) Account
  • Securities Financing Account
  • Securities Borrowing Account
  • Leveraged FX Account
  • Futures Account
  • Equities Plus Account

Brokerage fees and charges of PhillipCapital (POEMS)

The fees and charges of PhillipCapital (POEMS) are as follows:

Online

  • Minimum Commission: S$25
  • Investment of S$50,000 and below: 0.28%
  • Investment of S$50,000 to S$100,000: 0.22%
  • Investment above S$100,000: 0.18%

By Phone

  • Minimum Commission: S$40
  • Investment of S$50,000 and below: 0.50%
  • Investment of S$50,000 to S$100,000: 0.40%
  • Investment above S$100,000: 0.25%

Other transaction charges:

  • Clearing fee imposed by CDP: 0.0325%
  • SGX Trading fee: 0.0075%

Contact PhillipCapital (POEMS)