To apply for a POEMS account, you will need to open a trading account
with Phillip Securities Pte Ltd.
POEMS Account Application Form
Deposit
To open a new POEMS trading account, an initial deposit of S$1000/- is required (excluding Singaporeans and SPR). The
deposit is refundable after three months, pending no outstanding contra losses for trading
done during this period. There is no monthly subscription or usage charges for a POEMS
trading account.
Options
For convenience and leveraged trading, you can also opt to open a custodian or margin
financing account with us. The S$1000/- deposit will be used to offset against your first
purchase trade. For custodian and margin financing information, please
contact our client service executives at 65311 555.
Account Processing
Upon receipt of your account opening form, we will print out a copy and
mail it to you for your signature together with other relevant
documents. If you wish to send back the form to us, please enclose a
copy of your bank statement/CPF statement for our verification.
However, you may choose to visit any of our investor centres to sign
the form in the presence of our marketing officer.
Take note that for application of a new CDP account (Form 1.3),
please visit any of our investor centres to sign the form in the
presence of a PSPL's authorized officer.
To open an account, you will need to bring along the following items:
- Your Singapore Identity Card (NRIC) or your Permanent Resident Card. If you do not belong to either of the two
categories, you will need
to bring along your valid passport as documentary proof.
- If you have a CPF investment account number, you should also write down the number if you want to use CPF to buy shares.
Non-Singapore Residents
For foreign investors, as according to SGX-ST Rules, investors not residing in Singapore
will need the endorsement of their account opening forms by a Notary Public or
Commissioner of Oaths. The submission of their account opening forms should be done
together with the enclosure of a photocopy of their valid passports, a declaration by the
concerned Notary Public or Commissioner of Oaths and as well as the mentioned deposit.
Approval
Once you receive the trading account number and password in a separate
mailers, you will be able to
access to the POEMS internet trading platform immediately. Trading will only commence after the linkage of
the trading account is approved by CDP.
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