Phillips' Online Electronic Mart System (POEMS)

D October 16, 2012
 
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Phillips' Online Electronic Mart System (POEMS)
6533 6001 Email Website

Additional Details:

Opening Hours:
8:45a.m - 5:30p.m (Mon - Fri)

Phillips' Online Electronic Mart System, or more commonly known as POEMS, is the pioneer for Singapore's online share trading and established by Phillip Securities Pte Ltd in 1996.

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User reviews

1 reviews

Overall rating 
 
3.7
Value 
 
3.0  (1)
Service 
 
4.5  (1)
Quality 
 
3.5  (1)
Satisfaction 
 
4.0  (1)
Overall Rating 
 
3.5  (1)
Reliable trading institute with slightly higher charges
(Updated: December 06, 2012)
Overall rating 
 
3.5
Value 
 
3.0
Service 
 
4.5
Quality 
 
3.5
Satisfaction 
 
4.0
Overall Rating 
 
3.5
POEMS happen to be the first trading account I've opened.

For the two years I've been using POEMS, I found the online platform to be reliable, never seeing it went down once when I needed it. The online platform was also easy to use with it's no fuzz outlook. In case of emergency trades, Phillips Capital also offers call-ins for trades as an alternative to the online trading platform (though I believe they charge slightly higher commission).

POEMS has a big drawback for a small time investor like me. While they commission are generally at ~0.28%, they are also subjected to a minimum of $25 per transaction (buy/sell). This results in a higher break-even point for share prices, especially when you take into account of incurring the same charges when selling.

Therefore, I've since switched to another trading platform without a minimum commission value, proving to me much for economical for small investors like myself. If you are a small investor too (trading < $10k per transaction) and am interested to find out which trading platform I'm currently using, feel free to ask me. ;)

Optional Information:

Best Part:
Offers online and phone trading options
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