Poems Forex Broker

Poems Review SummaryFounded1998Registered Country/RegionSingaporeRegulationNot RegulatedMarket InstrumentsStocks, CFD, Forex/Bullion, Unit Trust, Bonds, FuturesDemo AccountYesTrading PlatformPOEMS 2.0, POEMS Mobile 3, POEMS ProCustomer Support24/7 Chatbot6531 1555, 6531 1276, 6538 0500Mon to Fri: 8.30 am to 12.00 am, Sat: 8:30 am to 1:00 pmtalktophillip@phillip.com.sg, poems_otoiawase@phillip.com.sgPoems Information Phillip Securities Pte. Ltd., operating under the brand name POEMS since 1998, is a privately held stock brokerage firm offering multiple investment products, including stocks, CFDs, forex/bullion, ETFs, unit trusts, bonds, and futures through their proprietary platforms like POEMS 2.0, Mobile 3, and Pro. They provide demo accounts and offer low brokerage fees with no commissions on some assets.Pros and ConsProsConsSupports both PC and mobile platformsLack of regulationCharges no commissionsLimited information on spreads and leverageOffers multiple assets to tradeIs Poems Legit? Poems is not regulated by any financial authorities. The WHOIS search shows that the domain poems.com.sg was registered on January 23, 1998. And its present state is “ok”.What Can I Trade on Poems? POEMS is a multi-asset, multi-market platform offering multiple investment products, including stocks, CFDs, forex/bullion, ETFs, unit trusts, bonds, futures, and more.Tradable InstrumentsSupportedForex✔Commodities✔Futures✔Indices✔ETFs✔Bonds✔Indices❌Account Type POEMS offers two main account types: the Cash Plus Account for low-cost trading across multiple markets with features like 0% unit trust sales charge and trading on margin, and the Cash Management Account, which links to CDP and also offers 0% unit trust sales charge. Besides, they also offer demo accounts for beginners.Account TypeFeaturesCash Plus AccountLow Cost Trading- Low brokerage for over 11 markets- 0% Unit Trust sales charge- No custody fee- Fund cash or securities prior to trading- Trade up to 3.5x of your cash depositCash Management AccountLink to CDP- Contra- 0% Unit Trust sales chargePoems Fees Cash Plus offers low brokerage from US$1.88 flat/0.05% (min HK$15), no platform fees, and suits new investors with tiered risk levels: from Starter (S$0-29,999) to Premier (S$30,000-249,999) and Privilege (S$250,000 & above).Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable forPOEMS 2.0✔Web browsers (PC/Mac, iPad & tablets)All experience levelsPOEMS Mobile 3✔Smartphones & Tablets (iOS & Android)On-the-go tradingPOEMS Pro✔Windows PC & laptop (software)Active/Professional tradersPromotions POEMS is currently running promotions offering cashback for investing in selected Nikko AM ETFs through the Share Builders Plan and a S$68 cash credit for trading Macquarie Warrants online. These promotions have specific eligibility periods and terms and conditions.Deposit and WithdrawalPayment OptionsMinimum AmountFeesProcessing TimeFAST-$0Funds available for trading in 15 mins, excluding 11:15 PM-12:15 AM & 5-9 AM.eNETSSGD1,000$0eNETS funds available for trading in 15 minutes (business days for CFD), excluding 11:15 PM-12:15 AM and 5-9 AM.ATMs or Internet Banking-$0Fund transfers made before 9 pm will be credited into your account the next working day