Forex Trading Broker in Singapore - POEMS (2024)

NOTICE:
You have clicked on a link which leaves POEMS website, and you will be redirected to a third party website. POEMS makes no representations nor has any supervision or control over the quality, content, reliability or security of the third party website, nor shall POEMS be liable for its use.

This is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.

Investments are subject to investment risks including the possible loss of the principal amount invested. Unit trusts distributed by Phillip Securities Pte Ltd (“PSPL”) are not obligations of, deposits in, or guaranteed by, PSPL or any of its affiliates.

The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this publication are not necessarily indicative of future or likely performance of any unit trust. You should read the prospectus and product highlights sheet before deciding to subscribe for units in the respective fund. A copy of the prospectus can be obtained from the issuer or PSPL, or online at https://www.poems.com.sg/fund-finder/phillip-money-market-fund-534010/

You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement.

This advertisem*nt has not been reviewed by the Monetary Authority of Singapore.

IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published.

This advertisem*nt has not been reviewed by the Monetary Authority of Singapore.

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com

Forex Trading Broker in Singapore - POEMS (2024)

FAQs

Can POEMS trade forex? ›

Exclusive Phillip FX trading platform (XATS) & online trading platform (POEMS) Our Forex trading platform is designed in professional and user-friendly style, comprehensive functions and highly secure,with different order types to facilitate client's needs.

Is Singapore good for forex trading? ›

Singapore is a well-regulated industry with reputable brokers offering a wide range of products and services to traders. When choosing a forex broker in Singapore, it is important to consider the broker's reputation, regulatory compliance, trading costs, customer support, and the range of products and services offered.

How much is the commission fee for POEMS? ›

Poems 2.0, owned by Philip Capital, is an online brokerage that offers customers a wide range of investing opportunities within 26 international exchanges. Moreover, their online trading platforms charge below average commission fees ranging from 0.08%-0.12% and a low minimum charge of S$8-S$10 per trade in Singapore.

What is poem trading? ›

As the pioneer for Singapore's online share trading, the POEMS suite of trading platforms are well-positioned to offer investors and traders alike an array of financial products across multiple global exchanges. You know you can count on us.

Is poems a good trading platform? ›

It's not an exaggeration to say that POEMS has something for every type of investor. The brokerage offers a good mix of leveraged products such as Forex and CFDs, to popular retail investment instruments such as bonds, stocks, ETFs and unit trusts – many of which do not have commission fees or service charges.

How many markets are traded on poems? ›

Access products like stocks, ETFs, bonds, options across multiple markets. With POEMS, you can access over 26 exchanges, enjoy $0 platform fee on all markets, and get support from our dedicated customer service team. Dedicated Trading Representatives/Dealers to Assist You with Call Center and ChatBot.

Is Forex taxed in Singapore? ›

The Inland Revenue Authority of Singapore (IRAS) considers forex trading income to be a taxable activity. Those who earn an income from frequent and regular forex trading are subject to income tax. Traders must declare forex trading profits as income earned from trade.

Is Forex legal in Singapore? ›

Forex trading is legal in Singapore, and anyone can trade the markets as long they go through an authorized and regulated broker. The Monetary Authority of Singapore (MAS), the country's central bank and financial regulatory authority, has strict rules protecting consumer rights in the foreign exchange market.

Is poems a broker? ›

Phillip Capital POEMS is Singapore-based broker, Phillip Securities' online trading platform for shares, CDP, ETFs, forex, futures, options, bonds, and more.

Can you make money from poems? ›

Monetize your poems by submitting to magazines, creating a poetry book, or winning poetry contests. Diversify income by writing greeting cards, offering freelance services, teaching poetry, or setting up speaking engagements.

Do people still buy poems? ›

Poetry book publishing has been stagnant since 2004, hovering around 10,000 published titles per year, with a peak of 13,747 in 2009. From 2013 to 2017, unit sales of poetry books increased by 21%, making it one of the fastest-growing categories during this period.

Can an AI trade forex? ›

Conclusion. Artificial intelligence in forex marketing, along with recent developments in 2024, has provided huge support in trading. The AI forex market has reached the sky of success and gained a competitive place in cutting-edge technology in trading.

Is it illegal to trade forex? ›

United States. Forex trading is legal in the United States, but it is highly regulated by several government agencies. The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) oversee the forex market and enforce strict regulations to protect investors from fraud and manipulation.

Can Charles Schwab trade forex? ›

Charles Schwab Futures and Forex is the counterparty to all forex customer trades, and exclusively uses straight-through processing such that it automatically (without human intervention and without exception) enters into the identical but opposite transaction with another liquidity provider (creating an offsetting ...

Top Articles
Latest Posts
Article information

Author: Velia Krajcik

Last Updated:

Views: 5423

Rating: 4.3 / 5 (74 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Velia Krajcik

Birthday: 1996-07-27

Address: 520 Balistreri Mount, South Armand, OR 60528

Phone: +466880739437

Job: Future Retail Associate

Hobby: Polo, Scouting, Worldbuilding, Cosplaying, Photography, Rowing, Nordic skating

Introduction: My name is Velia Krajcik, I am a handsome, clean, lucky, gleaming, magnificent, proud, glorious person who loves writing and wants to share my knowledge and understanding with you.