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
MASTier 1Regulated
Account Types
Trading account options
FundedPropMin Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
FundedPropMin Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
FundedPropMin Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
FundedPropMin Deposit SGD 25,000 • Leverage 1:1 • Commission Not specified
Funding Methods
Deposit & withdrawal options
FASTFree DepositInstant
eNETSFree DepositInstant
Bank TransferFree Deposit
ChequeFree Deposit
Trading Platforms
Professional trading tools
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
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement



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