Phillip Capital Review

About Phillip Capital

Phillip Securities Pte Ltd (a member of PhillipCapital) is incorporated in Singapore under Company Registration No. 197501035Z and is based at 250 North Bridge Road, #06‑00 Raffles City Tower, Singapore 179101. The Monetary Authority of Singapore lists the firm as a Capital Markets Services Licensee for fund management; dealing in capital markets products (securities, collective investment schemes, exchange‑traded derivatives and over‑the‑counter derivatives); product financing; providing custodial services; and advising on corporate finance, with additional statuses as an Exempt Financial Adviser and Exempt Insurance Broker. Official domains used by the firm include phillip.com.sg and the POEMS platform at poems.com.sg. MAS register Official site

Trading is offered via the POEMS platform suite: POEMS 2.0 (web), POEMS Mobile 2.0 (app) and POEMS Pro (desktop). The platform materials describe multi‑asset access across global markets, including equities, ETFs, CFDs, forex, futures, unit trusts and bonds. The POEMS domain is poems.com.sg. Official site POEMS

CFD trading (brand “Phillip CFD”, domain phillipcfd.com) states platform options of POEMS 2.0, POEMS Mobile 3, POEMS Pro and POEMS CFD MT5; equities CFDs specify up to 10× leverage, commissions “from 0.128%,” margin requirements “from 10%,” no minimum deposit to open a CFD account and no inactivity fees. Contract specifications show settlement in the traded contract currency (for example, US equities CFDs settle in USD; Singapore equities CFDs in SGD, USD or HKD depending on the contract). The broker’s client FAQ states that customer monies and assets are kept in designated trust accounts in compliance with the Securities and Futures Act and related MAS regulations. Eligibility for opening a CFD account includes being at least 21 years old and not a U.S. person. Phillip CFD Official site

Who it’s for

• Investors seeking a MAS‑regulated Singapore broker with broad permitted activities (dealing, custody, product financing, fund management, corporate finance advisory).
• Multi‑asset traders who want a single platform suite (web, mobile, desktop) to access global markets via poems.com.sg.
• CFD traders who prefer POEMS/MT5 access with published terms such as up to 10× leverage on equities CFDs and no inactivity fees, and who meet eligibility requirements (e.g., non‑U.S. persons).

Pros and cons

Pros

• MAS‑listed Capital Markets Services Licensee with additional Exempt Financial Adviser and Exempt Insurance Broker statuses.
• Multiple platforms (POEMS 2.0, POEMS Mobile 2.0, POEMS Pro) and broad product coverage across global markets.
• Client assets and monies are held in designated trust accounts under Singapore’s SFA framework.
• CFD terms disclosed: up to 10× leverage on equities CFDs, commissions from 0.128%, no minimum deposit and no inactivity fees.

Cons

• CFD account eligibility excludes U.S. persons.
• No auto‑conversion across currency ledgers; deficits must be converted to avoid margin debit interest.
• CFD margin requirements differ by market (e.g., Japan equities CFDs listed with 30% margin).
• CFD pages carry the notice that the advertisement has not been reviewed by the Monetary Authority of Singapore.