Low cost trading with Cash Plus Account

The Account for Low Cost Trading

Brokerage rate is determined based on the previous day end’s Total Asset Value in the Account.

  • Starter
  • Premier
  • Privilege

Asset Value


Markets

Privilege

SGD250,000 and above

Promo Singapore

0.08%, min SGD8
No minimum commission*

United States

USD6.88

Hong Kong

0.08%, min HKD50

China

0.08%, min CNH50

Australia

0.12%, min AUD15

United Kingdom

0.12%, min GBP10

Germany

0.12%, min EUR8

Japan

0.12%, min JPY1000

Malaysia

0.12%, min MYR30

Thailand

0.12%, min THB300

Indonesia

0.12%, min IDR150,000

Turkey

0.12%, min TRY50

Other Markets

As published

Other Fees & Charges

Account
Maintenance Fee
(SGX)

Waived

Foreign Shares
Custody Charges

Waived

Dividend
Handling Fee
(SGX)

Waived

For more details, please refer to the Cash Plus Account Infosheet

Enjoy 5 free trades* when you open a new Cash Plus Account! Find out more

Why Cash Plus Account?

Multi-currency facility: Settle trades with 10 different currencies – SGD, USD, HKD, AUD, MYR, JPY, GBP, EUR, CNY, CAD

Lower brokerage rates based on the Account’s asset value

Financing available in 9 Currencies – SGD, USD, HKD, JPY, AUD, GBP, EUR, CNY & CAD

Manage your idle cash into money market fund.
*SGD 1.3451% p.a., USD 1.9809% p.a.
#SGD p.a., USD p.a.

Rates updated as of
*Based on 1-year rolling return, NAV/NAV prices.
#Based on the average rate of annualised returns over the last rolling one month.
Past performance is not necessarily indicative of future performance. View disclaimer

Complimentary live prices4 for US, Japan, Thailand, Malaysia, & Indonesia

Waiver of Account Maintenance Fee1 and Foreign Shares Custody Charges2. No platform fee.

Recurring Plan – Dollar Cost Averaging

Recurring Plan gives you more control over your investments. It works similarly to the other plans, whereby it aims to manage market risk through the use of Dollar Cost Averaging. You gradually build your portfolio over a period of time with a fixed amount of regular investment that is determined by you, purchasing more units when the price is low and fewer units when price is high.

 

Your Partner in Finance for 45 Years

For 45 years, we have prided ourselves on being Your Partner in Finance. As times change and the modern landscape evolves, we continue to innovate and work towards creating the best trading ground for you. After all, POEMS award winning suite of trading platforms is about building our heritage around you.

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Frequently Asked Questions

Total Asset Value is calculated based on clients’ credit balance, value of shares and bonds in the Cash Plus Account.
Debit balance will not be deducted from the value of clients’ credit balance, value of shares and bonds to determine Total Asset Value.

Illustration:
1) When a client has S$150,000 in Shares in his Cash Plus Account and S$100,000 credit balance, he will be deemed to have a total asset value of S$250,000.
2) When a client has S$250,000 in credit balance in his Cash Plus Account, he will be deemed to have a total asset value of S$250,000.
3) When a client has S$250,000 in Shares in his Cash Plus Account and S$100,000 debit balance, he will be deemed to have a total asset value of S$250,000.

Custody fees consists of Account Maintenance Fee and Foreign Share Custody Charges that are deducted on January, April, July and October, based on three-month average Total Asset Value, prior to those deduction months.
For new account that does not have a full three-month average, daily average of Total Asset Value will be used starting from account opening date.
For converted account that does not have a full three-month average, daily average of Total Asset Value will be calculated starting from conversion date.

Dividend Handling Fee will be waived for Total Asset Value of SGD250,000 and above, based on the previous end of day’s settled Total Asset Value held in your Account in custody with Phillip Securities Pte Ltd (PSPL).

In the event of a corporate action, only the value of remaining shares and cash in your Account will be included in the Total Asset Value for determining your brokerage rate and Dividend Handling Fee (SGX).

Yes. The Cash Plus account will need to have sufficient Available Cash before you may place a buy trade. Please refer to Section 3(A) of the Cash Plus Account Information Sheet for more details.

Do note that shares settled with your CPF or SRS monies will not be included in the computation of your Total Asset Value.

All custody accounts, namely Prepaid (CC) Account, Custodian (C) Account, Margin (M) Account are eligible for conversion. There is a limit to the number of times you can do the account conversion.

Please understand the Account features before emailing the conversion form to your trading representative. Alternatively, you can email it to talktophillip@phillip.com.sg

Anyone who is 18 years old and above can open the Account.
However, margin facility will be made available upon request for customers above 21 years old.

Terms and Conditions:

  1. Waiver condition is at least 1 trade per quarter for the Account. Otherwise, S$16.05 per quarter is chargeable based on March, June, September and December month-end Account balance.
  2. Waiver condition is 2 trades per month or 6 trades per quarter or minimum S$132 brokerage per quarter. Otherwise. S$2.14 per counter per month (subject to max S$160.50 per quarter) is chargeable.
  3. Cash dividend handling fee is 1% on net dividend subject to minimum S$1.07 capped at S$53.50 + foreign fees and taxes (if applicable).
  4. Only non-professionals are eligible for the complimentary live price subscription. For more detail, please visit
    https://globalmarkets.poems.com.sg/promotions/complimentary-live-price-quotes/

Terms & Conditions for no minimum brokerage:

  1. No minimum brokerage is applicable for all Cash Plus Accounts (“Eligible Accounts”) from 8 June 2020 to 31 December 2020, both dates inclusive; thereafter minimum brokerage rates apply.
  2. This promotion is only applicable for the Singapore Market (“SGX”) traded through POEMS suite of platforms.
  3. It is applicable to ONLINE trades using Cash, CPF and SRS fund sources.
  4. Customers have to opt-in for Multi-Currency facility and Excess Funds Management facility to be eligible for the promotion.
  5. Transferring of Securities out of Eligible Accounts will be subject to S$64.20 handling fee per counter.
  6. The following persons are not eligible to participate in this promotion unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
    1. PSPL institutional Customers and corporate Customers
    2. PSPL account holders whose accounts have been suspended, cancelled or terminated
  7. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and / or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and / or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants.
  8. By taking part in this promotion, Customer acknowledges that he/she has read and consented to these Terms & Conditions.