Delivering
True Zero to You

0 US Commission.
0 Settlement Fees.
0 Platform Fees.

OPEN AN ACCOUNT

Trade SGX Stocks
from 0.06%

No Minimum Commission.

OPEN AN ACCOUNT

Cash Plus Account

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

Asset Values Markets ▶

Starter

SGD 0 – SGD29,999

Premier

SGD30,000 – SGD249,999

Privilege

SGD250,000 and above
United States Lifetime 0 Commission
Singapore 0.08% 0.07% 0.06%
No Minimum Commission
Hong Kong 0.08%, min HKD 30 0.06%, min HKD 20 0.05%, min HKD 15
China 0.12%, min CNH 60 0.10%, min CNH 50 0.08%, min CNH 40
See more market

Other Fees & Charges

Other Fees & Charges
Account Maintenance Fee (SGX) Waived1 Waived1 Waived
Foreign Shares Custody Charges Waived2 Waived2 Waived
Dividend Handling Fee (SGX) Applicable3 Applicable3 Waived
Interests
Credit balance Applicable For All4
Debit balance Applicable For All5

Why Cash Plus Account?

0% Sales Charge, 0% Switching Fee, 0% Platform Fee over 2000+ Unit Trusts.
Invest with CPF and SRS
Update now
Multi-currency facility: SGD, USD, HKD, AUD, MYR, JPY, GBP, EUR, CNY, CAD
Financing available in 9 Currencies – SGD, USD, HKD, JPY, AUD, GBP, EUR, CNY & CAD
Your Trusted Broker since 1975, with a growing global presence in 15 countries
Our investment specialists and support teams are committed to ensure a seamless trading experience for you
Receive insights from our timely market research to make your trading decisions

How to Start?

One account. Multiple markets. Smarter use of your cash.

1

Open a Cash Plus account

if you already have an account, click here to convert.
2

Download POEMS Mobile 3 App

Sign up for Free Live Prices and get access to POEMSGPT, Community and more.

3

Fund

Fund and put your idle cash to work, find out more about SMART Park

OPEN AN ACCOUNT

SMART Park

SGD 0.9425%
USD 3.2786%

Rates are 7 days annualised and updated as of 04 May 2026

*Based on the average rate of annualised returns over the last rolling week.

Past performance is not necessarily indicative of future performance. View disclaimer

LEARN MORE

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.

For POEMS 2.0:

Login to POEMS 2.0 > Acct Mgmt > Stocks > Account Details or visit here

For POEMS Mobile 3 App:

Login to POEMS Mobile 3 App > Trade tab or visit here

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 amendments and revoked CPF/SRS trades will be subject to the Singapore rate of 0.28%, min SGD25.

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.

Cash Plus Account is a custody type account. Barring CPF/SRS trades, all trades will need to be settled in the Cash Plus Account. Pursuant to settlement, if you wish, you may request to transfer out your shares to an external custodian, where applicable transfer out fees as stated will apply.

Cash Plus Account is an investment Account that allows you to trade stocks and ETFs in global markets at low commission rates and invest in unit trusts without sales charges.

You may use PayNow, GooglePay, and more to deposit funds into your Cash Plus Account. This can be done:

If you have opted-in to SMART Park (MMF), you can grow your idle cash based on its return. SMART Park requires a minimum funding of $100 per market, in the respective currency (SGD, USD or HKD). You can withdraw anytime and use for payment for stocks, ETFs,and unit trusts seamlessly.

For more information on MMF and its rates, please refer to this website: Excess Funds Management – POEMS

SMART Park is an Excess Funds Management Facility that invests and manages your idle cash automatically, on a discretionary basis.

Make your money work HARDER and SMARTER at:

Return (7 Day) Annualised*


SGD
3.379% p.a.
USD
3.379% p.a.
HKD
3.0197% p.a.

Rates updated as of 5 September 2022
*Based on the average rate of annualised returns over the last rolling week.
Past performance is not necessarily indicative of future performance. View disclaimer

View Fund Info (SGD)

View Fund Info (USD)

There is no minimum balance requirement for your Cash Plus Account. However, SMART Park requires a minimum funding of $100 per market, in the respective currency.

Please call your servicing TR/Dealer directly, or contact customer service at 6531 1555 or talktophillip@phillip.com.sg if you have any issues regarding your Cash Plus Account.

Commission rate is determined based on the previous day end’s Total Asset Value in the Account. For more information on a specific market’s commission rates, click here.

It depends on what you prioritise.

  • Commission Rates: Cash Plus Accounts are levied a significantly lower commission rate compared to Cash Management Accounts.

    Click here for more information on commission rates.

  • CPF/SRS without prefund: Your Cash Management Account allows you to trade based on your trading limit accorded – no pre-funding is required. Your Cash Management Account is linked to your CDP account for the settlement of securities trades done on the Singapore Exchange (SGX).

    With a Cash Plus Account, you can trade CPF and SRS funds at an attractive commission rate from 0.06% with no minimum. Take note, it is essential to ensure that there is sufficient available cash in your Cash Plus Account to place buy trades – notwithstanding if the trades are eventually settled using CPF or SRS.

For a more comprehensive overview, refer to this guide here.

Remember to withdraw your balance before closing your Account.

Please contact your Trading Representative (TR) or dealing team for further assistance.

For transferring of securities held in your CDP account to your Cash Plus or other trading Accounts, you may opt for the CDP Mass Transfer. Fees will be waived up till 20 Sep 2027.

Click here for more information on our CDP Mass Transfer promotion, and here for the instructions on the transfer process.

Click here to submit an internal transfer.

  • If you have previously traded in SGX securities but have since become inactive, please note that the S$15 account maintenance fee will be levied if there is no trading activity for the preceding quarter, subject to GST.
  • For Privilege Tier Cash Plus clients and clients that transferred in their CDP holdings using the CDP Mass Transfer, the account maintenance fee is waived regardless of trading activity done during the quarter.
  • Yes, the margin facility will be automatically available to you when you sign up for a Cash Plus Account.
  • Cash Plus Accounts come with a default credit limit of S$50,000. Should you require a review of your credit limit, please contact your Trading Representative (TR) or the Dealing Team.
  • For more information regarding the margin factor, refer to our infosheet.
  • No, you will need to transfer in your CDP holdings to your Cash Plus Account before selling. Refer to https://www.poems.com.sg/share-bond-unit-trust-transfer/ for the CDP transfer form and associated fees.
  • We are currently running an exclusive promotion for the transfer of assets in your CDP account to your Cash Plus or trading account. For more information, please visit here.

It will be shown on the contract notes:

  • e-statement > daily statement > select contract date in POEMS 2.0.
  • Me > eStatement > select contract date in POEMS Mobile 3.

Amalgamation only applies to SGX, and does not apply to other markets. Amalgamated trades (BUY or SELL Trades of the same counter listed on SGX and HKEx respectively, that are placed on the same trading day on POEMS Trading Platforms using the same payment mode (cash, SRS, or CPF) with the same Account) are considered as one trade. This is due to the fact that we only charge one commission for such trade orders. Please refer to https://www.poems.com.sg/faq/trading/general/what-is-amalgamate/ for more information and available markets.

Exchange Fee and Other Charges
Clearing fee1 0.0325%
SGX Access Fee2 0.0075%
SGX Settlement Instruction (SI) Fee3 SGD0.35
and GST, which are mandatory across all brokerages regardless of brokers.

For relevant Unit Trusts, please refer to the link below:
CPF: https://www.poems.com.sg/fund-finder/?search_key=CPF
SRS: https://www.poems.com.sg/fund-finder/?search_key=SRS

For the list of Singapore Exchange-listed stocks you can invest in using CPF, please refer to the link below:
https://www.sgx.com/securities/stocks-under-cpf-investment-scheme

For the list of Singapore Exchange-listed stocks you can invest in using SRS, please attain the SRS-approved list from the respective agent banks.

You may use the same funds after settlement with your agent bank.

Your SGX and other global-exchange listed securities will be held in custody, and the dividends will be credited to your Cash Plus Account.

Terms and Conditions:

  1. Waiver condition is at least 1 trade per quarter for the Account. Otherwise, S$15.00 (subject to GST) per quarter is chargeable based on March, June, September and December month-end Account balance.
  2. Waived for US and HK Foreign Custody fee until 31 December 2027. Please refer to Cash Plus Account Infosheet for charges thereafter.
  3. Cash Dividend: 1% on net dividend, minimum of S$1.00 and capped at S$50.00 (subject to GST) + Foreign fees and taxes (if applicable).
  4. For more information, please refer to Cash Plus Account Infosheet. Alternatively, you may wish to opt-in for the Excess Funds Management facility to enjoy potentially greater returns on any surplus funds (credit balance) parked in your account.
  5. Interest on debit balance is applicable when you utilise the Margin facility. For more information, please refer to Cash Plus Account Infosheet.
  6. Only non-professionals are eligible for the complimentary live price subscription. For details, please visit https://www.poems.com.sg/complimentary-live-price-quotes/
  7. Reduced rates are only applicable to ONLINE trades. For offline rates, please click here.
  8. US 0 Commission starts from 13 May 2026.
  9. US markets : pre-, regular, and post-market only (US. Asian Hours excluded)
  10. US listed shares trading below US$1 per share are for offline trading and not eligible for US 0 Commission. Offline rates apply.

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IMPORTANT INFORMATION

This material is provided by Phillip Capital Management (S) Ltd (“PCM”) for general information only and does not constitute a recommendation, an offer to sell, or a solicitation of any offer to invest in any of the exchange-traded fund (“ETF”) or the unit trust (“Products”) mentioned herein. It does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You should read the Prospectus and the accompanying Product Highlights Sheet (“PHS”) for key features, key risks and other important information of the Products and obtain advice from a financial adviser (“FA“) pursuant to a separate engagement before making a commitment to invest in the Products. In the event that you choose not to obtain advice from a FA, you should assess whether the Products are suitable for you before proceeding to invest. A copy of the Prospectus and PHS are available from PCM, any of its Participating Dealers (“PDs“) for the ETF, or any of its authorised distributors for the unit trust managed by PCM.  

An ETF is not like a typical unit trust as the units of the ETF (the “Units“) are to be listed and traded like any share on the Singapore Exchange Securities Trading Limited (“SGX-ST”). Listing on the SGX-ST does not guarantee a liquid market for the Units which may be traded at prices above or below its NAV or may be suspended or delisted. Investors may buy or sell the Units on SGX-ST when it is listed. Investors cannot create or redeem Units directly with PCM and have no rights to request PCM to redeem or purchase their Units. Creation and redemption of Units are through PDs if investors are clients of the PDs, who have no obligation to agree to create or redeem Units on behalf of any investor and may impose terms and conditions in connection with such creation or redemption orders. Please refer to the Prospectus of the ETF for more details.  

Investments are subject to investment risks including the possible loss of the principal amount invested. The purchase of a unit in a fund is not the same as placing your money on deposit with a bank or deposit-taking company. There is no guarantee as to the amount of capital invested or return received. The value of the units and the income accruing to the units may fall or rise. Past performance is not necessarily indicative of the future or likely performance of the Products. There can be no assurance that investment objectives will be achieved.  

Where applicable, fund(s) may invest in financial derivatives and/or participate in securities lending and repurchase transactions for the purpose of hedging and/or efficient portfolio management, subject to the relevant regulatory requirements. PCM reserves the discretion to determine if currency exposure should be hedged actively, passively or not at all, in the best interest of the Products.  

The regular dividend distributions, out of either income and/or capital, are not guaranteed and subject to PCM’s discretion. Past payout yields and payments do not represent future payout yields and payments. Such dividend distributions will reduce the available capital for reinvestment and may result in an immediate decrease in the net asset value (“NAV”) of the Products. Please refer to <www.phillipfunds.com> for more information in relation to the dividend distributions.  

The information provided herein may be obtained or compiled from public and/or third party sources that PCM has no reason to believe are unreliable. Any opinion or view herein is an expression of belief of the individual author or the indicated source (as applicable) only. PCM makes no representation or warranty that such information is accurate, complete, verified or should be relied upon as such. The information does not constitute, and should not be used as a substitute for tax, legal or investment advice.  

The information herein are not for any person in any jurisdiction or country where such distribution or availability for use would contravene any applicable law or regulation or would subject PCM to any registration or licensing requirement in such jurisdiction or country. The Products is not offered to U.S. Persons. PhillipCapital Group of Companies, including PCM, their affiliates and/or their officers, directors and/or employees may own or have positions in the Products. Any member of the PhillipCapital Group of Companies may have acted upon or used the information, analyses and opinions herein before they have been published. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.  

 

Phillip Capital Management (S) Ltd (Co. Reg. No. 199905233W)  
250 North Bridge Road #06-00, Raffles City Tower ,Singapore 179101 
Tel: (65) 6230 8133 Fax: (65) 65383066 www.phillipfunds.com