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poems

Regulated
Singapore
,
Since 1996
Last Updated:
46/100
Overall Score

Trading Conditions

Min Deposit:
SGD1000
Max Leverage:
1
Account Types
FundedFundedFunded+1 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

7 methods

FAST

bank transfer
Instant
Fee:
Free
Fee:
Free

eNETS

e wallet
Instant
Fee:
Free
Fee:
Free

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
Free

Cheque

other
3 days
Fee:
Free
Fee:
Free

Telegraphic Transfer (TT)

bank transfer
7 days
Fee:
Free
Fee:
Free

CPF/SRS

other
Instant
Fee:
Free
Fee:
Free

GIRO

bank transfer
3 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 49%, 2: License 68%, 3: Software 51%, 4: Spread 0%, 5: Account Type 15%, 6: Symbol 0%
Regulation
49%Poor
License
68%Good
Software
51%Fair
Spread
0%Poor
Account Type
15%Poor
Symbol
0%Poor

Company Information

Full Name:poems
Founded:1996
Headquarters:Singapore
Enterprise Offices:N/A

Customer Support

Phone:
+65 31 1555 X
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Overview and Introduction

POEMS serves as the Financial Broker and Investment Place of Business. With so many providers in the same space, POEMS is yet another Broker for both Traders and Investors to consider when doing research into Brokerage Options - as the name itself suggests.

History and Background

The company's name has been "POEMS" since it was established in 1998 by Phillip Securities Pte Ltd; it is currently privately held and offers multiple Investment Products, including: Stock and CFD trading (using their proprietary platform names: Poem 2.0, Mobile 3 & Pro) Forex/Bullion, Exchange Traded Funds, Unit Trusts, Bonds, Futures. They provide Demo Accounts and allow traders to use the platform for very little cost (zero commissions on selected assets).

Key Features and Offerings

There are not many specifics regarding what makes POEMS different from brokers in this space. However generally, a Broker within this category offers a range of Services to allow Traders to Trade across various Asset classes. Examples of these Services may include Forex, Commodities, Indices, and possibly Crypto currencies.

Most brokers, like POEMS, try to make their Platforms easy to use and offer Training and Support Services to help provide their Traders with better trading experiences. Still there is no way to know exactly what services are offered or unique selling points exist because not enough detailed information is available about how POEMS differentiates itself from competitors in this industry.

Licensing/Regulatory Compliance

Regulatory Oversight is one of the most important things to consider when evaluating any Trading Broker, as it ensures that the Broker is operating according to established Regulations meant to protect both Traders and the Integrity of the Market.Regulatory Bodies

Regulatory Bodies - License Number - Licensing Status

Limited information is available about the broker's regulatory body or any compliance failures.

Prospective clients should confirm the broker's regulatory compliance as found through official regulatory body sites or directly through such official channels prior to any trading engagement with said broker.

Regulator: License Number: License Status:

Limited information available - - -

Trading Conditions and Platform Technology

Trading conditions including spreads, leverage, and minimum deposit are important factors to be aware of when trading. Unfortunately, poems does not publish trading condition information to the public.

Also, the platforms that poems provides are unknown; however, we know that most traders prefer to trade on technology platforms that provide reliability, speed, and advanced charting capabilities.

Trading Condition: Trading Condition Details:

Spreads: Limited information available

Leverage: Limited information available

Minimum Deposit: Limited information available

Trading Platforms: Limited information available

Fee Structures

Understanding how and when fees are assessed will give investors better control over their costs. Fees may be assessed at the time of depositing money (deposit fees), at the time of withdrawal (withdrawal fees), and at the time of executing a trade (commission fees) or through spread widths. Poems does not provide publicly available fee information.

Due to the lack of transparency around fees, it is recommended that investors verify fees directly with poems before transferring any funds to avoid any surprises regarding their fees.

Fee Types: Fee Type Details:

Deposit Fees: Limited information available

Withdrawal Fees: Limited information available

Commission Fees: Limited information available

Spread Widths: Limited information available

User Experiences & Market Reputation

With the lack of detailed information about poems, it is very difficult to create an accurate assessment of both user experiences and the overall reputation of poems. Historically, the best way to ascertain a broker's trustworthiness and service quality has been through commentary, testimonials, and independent third-party reviews. Given the limited availability of information about poems at present time, it is advisable for potential users to conduct appropriate due diligence prior to trading with poems.

Conclusion

Although poems is a trading broker and provider of financial services with many of the same general attributes as all other brokers, significant public data is still missing related to its regulatory status, commissions, fees, trading conditions and available technology solutions. As such, all potential clients should conduct their own research and contact poems directly to ensure they meet both the trading and security needs of their clients. Before selecting a broker, traders must consider the level of transparency and compliance with applicable regulations.

Regulatory Licenses

Compliance & oversight

1 license
Singapore
MASTier 1
Singapore
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

4 types
Funded
Prop
Min Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
Min DepositSGD 25,000
Leverage1:1
CommissionNot specified
Funded
Prop
Min Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
Min DepositSGD 25,000
Leverage1:1
CommissionNot specified
Funded
Prop
Min Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
Min DepositSGD 25,000
Leverage1:1
CommissionNot specified
Funded
Prop
Min Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
Min DepositSGD 25,000
Leverage1:1
CommissionNot specified
4
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

7 methods
FAST
Bank TransferInstant
Deposit
Fee:Free
Min:SGD 1,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Transfers must be made during operational hours to benefit from 15-minute processing time. Available for clients with Singapore bank accounts.
eNETS
E-WalletInstant
Deposit
Fee:Free
Min:SGD 1,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Transfers must be made during operational hours to benefit from 15-minute processing time. Available for clients with Singapore bank accounts.
Bank Transfer
Bank Transfer3 min
Deposit
Fee:Free
Min:SGD 1,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Initiate bank transfer during banking hours to avoid delays. Available for clients with Singapore bank accounts.
Cheque
Other3 min
Deposit
Fee:Free
Min:SGD 1,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Cheque must be drawn in Singapore and payable to Phillip Securities Pte Ltd. Available for clients in Singapore.
7
Free Deposit
7
Instant
0
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit
TradingView

TradingView

by TradingView Inc. • 2011

Windows
Mac
Web
Android
+2
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with poems: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark poems at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for poems

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

5 sites
🌐
https://demo.poems.com.sg
Unknown
Active
SSL
🌐
https://p2.poems.com.sg
Unknown
Active
SSL
🌐
https://smart.poems.com.sg
Unknown
Active
SSL
🌐
https://unittrust.poems.com.sg
Unknown
Active
SSL
5
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Scroll to see all 5 platforms

Comments

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