Strategy & Stock Picks 4Q2026

4Q2026

Strategy & Stock Picks

Secure the edge, your final sprint of 2026

Oct 17

10:00AM - 12:00PM

SAT

Oct 19

1:00PM - 2:00PM

MON

Oct 19

7:30PM - 9:00PM

MON

Oct 21

1:00PM - 2:00PM

WED

Oct 22

1:00PM - 2:00PM

THU

Oct 23

1:00PM - 2:00PM

FRI

Oct 24

12:00PM - 2:00PM

SAT

Event Starts In

Days Hours Minutes Seconds

What’s Coming in Strategy & Stock Picks 4Q2026

Six things every session covers, whichever market you follow.

Stock Recommendation

Where the research team provides direction to your next investment.

Opportunities to Watch

Themes emerging across the seven markets covered.

Regional Focus

A closer look at each market, presented by the local research team.

Sector Analysis

Top picks by sector, each with a rating and target price.

Expert Panels

Phillip Securities Research analysts across Singapore & US, China/Hong Kong, Malaysia, Thailand, Indonesia, and Japan

Live Q&A

Put your questions to the analysts during each session.

Stock Recommendation

Where the research team provides direction to your next investment.

Opportunities to Watch

Themes emerging across the seven markets covered.

Regional Focus

A closer look at each market, presented by the local research team.

Sector Analysis

Top picks by sector, each with a rating and target price.

Expert Panels

Phillip Securities Research analysts across Singapore & US, China/Hong Kong, Malaysia, Thailand, Indonesia, and Japan

Live Q&A

Put your questions to the analysts during each session.

Save Your Spot

Secure your spot now before it’s gone

Online

Also Available on Youtube Live @phillipcapital

Zoom Webinar, all seven market sessions

Join from anywhere. Pick the market sessions you want to attend from 17 to 24 Oct.

IN-PERSON

Limited Seats Available

SGX Auditorium | 17 Oct 2026 (Sat)

Singapore market session only, 8.45am to 12.15pm. Includes exciting activities and lucky draw!

Meet us in person at SGX Auditorium

Saturday 17 Oct 2026, 8.45am to 12.15pm. The Singapore market session, with booths, coffee and a lucky draw.

ITINERARY

VENUE :
DATE :
TIME :

SGX AUDITORIUM
17 OCT 2026
8.45AM TO 12.15PM

SECURE YOUR SEAT

Walk Home with Gifts

Samsonite Cityboost Spinner and LoungeKey Airport Passes to be won!

Stock Picks Across 7 Markets

Expert analysis from regional specialists

Singapore

Paul Chew

Head of Research,
Phillip Securities Research

	17 OCT
	10:00AM-12:00PM SGT

View Session Synopsis

United States

United
States

Glenn Thum

Research Manager
Phillip Securities Research

	19 OCT
	7:30PM-9:00PM SGT

View Session Synopsis

China,
Hong Kong

Louis Wong

Director
Phillip Securities HK

	24 OCT
	12:00PM-2:00PM SGT

View Session Synopsis

Emerging Markets

Malaysia

Tan Jian Yuan

Head of Research
Phillip Research Sdn Bhd

19 OCT
1:00PM-2:00PM SGT

View Session Synopsis

Thailand

Chutikan Santimetvirul

Head of Equity Strategy
Phillip Research (Thailand) PCL

21 OCT
1:00PM-2:00PM SGT

View Session Synopsis

Indonesia

Jasa Adhimulya

Senior Equity Analyst
Phillip Sekuritas Indonesia

22 OCT
1:00PM-2:00PM SGT

View Session Synopsis

Japan

Tomoyuki Misumi

Research Analyst
Phillip Securities Japan

23 OCT
1:00PM-2:00PM SGT

View Session Synopsis

Past Strategy & Stock Picks

See what insights our experts have shared

Strategy & Stock Picks Q3 2026

4 Jul 2026

Key Highlights

Divergent Growth Drivers : Markets saw a split between AI-driven tech landscapes in the US and recovery-led growth in Southeast Asia, particularly through tourism and infrastructure spending.
Sector-Specific Resilience Strategic : Yield & Accumulation The “Safe-Haven” Pivot Framework-Driven Investing
Strategic Yield & Accumulation : High-dividend stocks remained a core pillar for returns, while market pullbacks created strategic opportunities to accumulate equities ahead of new government policy supports.
The "Safe-Haven" Pivot: Ongoing geopolitical tensions (such as the Iran conflict) reinforced the status of stable markets and currencies as essential hedges for institutional capital.
Framework-Driven Investing : Navigating headwinds required a move away from broad index tracking toward core investment logics (like the HALO framework) and fundamental earning power.

Watch Watch

Q3 2025

+5.7%

Strategy & Stocks Picks Q2 2026

11 Apr 2026

Focus on AI infrastructure
US Equities
Emerging markets and energy

Watch

Q1 2026

+12.3%

Strategy & Stocks Picks Q1 2026

15 Jan 2026

Tech sector recovery strategies
Asian market opportunities
Portfolio rebalancing tactics

Watch

Q4 2025

+12.3%

Strategy & Stocks Picks Q4 2025

12 Oct 2025

Global economic outlook
Defensive positioning
Currency hedging strategies

Watch

Join the Fun!

Highlights of previous events

Explore Promotions

Limited time offers for new and existing customers

Lucky Draw Terms & Conditions

SSP 4Q2026 Lucky Draw – Terms & Conditions

The Lucky Draw is open to all eligible attendees of the SSP 4Q2026 event. To receive the standard Lucky Draw entry, attendees must:
- Complete registration for SSP 4Q2026;
- Complete all required booth activities during the respective booths’ operating hours; and
- Collect all required stamps on the Investor Mission Card.
Attendees who do not complete the required booth activities during the respective booths’ operating hours will not qualify for the standard Lucky Draw entry.
To receive one standard Lucky Draw entry, participants must complete all required activities at the following Investor Mission booths and collect all required stamps:
- Share Builders Plan (SBP)
- Singapore Depository Receipts (SDR)
- POEMS Mobile 3 App
- Daily Leverage Certificates (DLC) by Societe Generale (SocGen)
The Account Opening booth is not part of the Investor Mission Card and does not count towards the required stamps.
Participants may earn one additional Lucky Draw entry by completing the Investment Trivia and achieving a minimum score of 10,000 trivia points.
Participants may attempt the Investment Trivia multiple times. However, each participant is entitled to a maximum of one additional Lucky Draw entry from the Investment Trivia, regardless of the number of attempts. This additional entry is on top of the standard Lucky Draw entry earned by completing the Investor Mission Card, giving each participant a maximum of two Lucky Draw entries in total.
To receive the additional entry, participants must show their Investment Trivia results to the designated staff at the Lucky Draw collection point and submit the additional entry together with their completed Investor Mission Card.
Each participant is entitled to a maximum of two Lucky Draw entries in total: one standard Lucky Draw entry from completing the Investor Mission Card, and one additional Lucky Draw entry from completing the Investment Trivia.
Participants must first complete all required Investor Mission booth activities and collect all required stamps to qualify for the standard Lucky Draw entry before they are eligible to participate in the Investment Trivia for the additional Lucky Draw entry.
Participants must ensure that their name and contact details are clearly and accurately completed on each entry.
Three winners will be selected by random draw. The prizes are:
- 1st Prize: Samsonite Cityboost Spinner 66/24 EXP
- 2nd Prize: A pair of LoungeKey airport lounge passes
- 3rd Prize: A pair of LoungeKey airport lounge passes
Winners must be present at the venue when their name is called to claim their prize.
If a winner is not present or does not respond when their name is called, a replacement winner will be drawn.
Each participant may win only one prize. If the same participant is drawn again, a replacement winner will be drawn.
Prizes are non-transferable, non-exchangeable and cannot be redeemed for cash.
Phillip Securities Pte Ltd reserves the right to verify the eligibility of participants and the validity of entries.
Phillip Securities Pte Ltd reserves the right to disqualify any entry that is incomplete, illegible, duplicated or does not comply with these Terms & Conditions.
Phillip Securities Pte Ltd reserves the right to amend, suspend or withdraw the Lucky Draw or these Terms & Conditions where necessary.
In the event of any dispute, the decision of Phillip Securities Pte Ltd shall be final.
By participating in the Lucky Draw, participants are deemed to have read, understood and agreed to these Terms & Conditions.

Lucky Draw FAQ

Who is eligible for the Lucky Draw?

The Lucky Draw is open to all eligible SSP attendees.

To receive the standard Lucky Draw entry, attendees must:

Complete registration for SSP 4Q2026;

Complete all required booth activities during the respective booths’ operating hours; and

Collect all required stamps on the Investor Mission Card.

Attendees who do not complete the required booth activities during the respective booths’ operating hours will not qualify for the standard Lucky Draw entry.

Which booths do I need to visit?

You will need to complete activities at the following participating booths:

Share Builders Plan (SBP)

Singapore Depository Receipts (SDR)

POEMS Mobile 3 App

Daily Leverage Certificates (DLC) by Societe Generale (SocGen)

The Account Opening booth is not part of the Investor Mission Card.

Do I need to complete all three booth activities?

Yes. You must complete all three required booth activities and collect all three stamps to qualify for one standard Lucky Draw entry.

How do I submit my Lucky Draw entry?

Deposit your completed Investor Mission Card at the designated Lucky Draw collection point.

Please ensure your name and contact details are clearly filled in.

Can I get an additional Lucky Draw entry?

Yes! Each eligible attendee can receive up to two Lucky Draw entries:

1 standard Lucky Draw entry — by completing all required booth activities and collecting all required stamps on the Investor Mission Card; and

1 bonus Lucky Draw entry — by completing the Investment Trivia and meeting the required score.

Important: You must first complete the full Investor Mission Card and qualify for the standard Lucky Draw entry before you can receive the bonus entry from the Investment Trivia.

To qualify for the bonus Lucky Draw entry:

Complete all 20 questions in the Investment Trivia.
Get at least 10 correct answers out of 20.
Show your result to the staff at the Lucky Draw collection point.
Complete and submit one additional Lucky Draw entry slip together with your original Investor Mission Card.
Ensure your name and contact details are clearly filled in on both entries.

Each attendee is entitled to a maximum of two Lucky Draw entries in total – one from completing the Investor Mission Card and one from completing the Investment Trivia.

What is the required score for the Investment Trivia?

You must answer at least 10 out of 20 questions correctly to qualify for the additional Lucky Draw entry.

Can I try the Investment Trivia more than once?

Yes. You may retry the Investment Trivia if you do not achieve the required score of 10/20.

However, you can receive only one additional Lucky Draw entry, regardless of how many times you attempt the quiz.

What are the Lucky Draw prizes?

There will be three Lucky Draw winners, with one prize awarded to each winner:

1st Prize: Samsonite Cityboost Spinner 66/24 EXP
2nd Prize: A pair of LoungeKey airport lounge passes
3rd Prize: A pair of LoungeKey airport lounge passes

Do I need to be present for the Lucky Draw?

Yes. Winners must be present at the venue when their name is called to claim their prize.

What happens if I am not around when my name is called?

If a winner does not respond when called, a new winner will be drawn.

Can someone else collect the prize on my behalf?

No. Prizes must be collected by the winning attendee.

Can I exchange my prize for cash or another item?

No. Prizes are non-exchangeable and non-transferable.

I already have an account with PhillipCapital. Can I still participate?

Yes. The Lucky Draw is open to all eligible SSP attendees in SGX Auditorium on 17 Oct 2026, regardless of whether they are existing PhillipCapital clients.

Cash Plus

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%
Singapore	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
Canada	0.12% min CAD18	0.10% min CAD15	0.08% min CAD12
Malaysia	0.12%, min MYR 30	0.10%, min MYR 25	0.08%, min MYR 8.80
Thailand	0.18%, min THB 500	0.15%, min THB 400	0.12%, min THB 300
Indonesia	0.18%, min IDR 250,000	0.15%, min IDR 200,000	0.12%, min IDR 150,000
Japan	0.12%, min JPY 1200	0.10%, min JPY 1000	0.08%, min JPY 800
Australia	0.12%, min AUD 18	0.10%, min AUD 15	0.08%, min AUD 12
United Kingdom	0.10%, min GBP 12	0.08%, min GBP 10	0.06%, min GBP 8
Belgium	0.18%, min EUR 20	0.15%, min EUR 12	0.12%, min EUR 8
France	0.18%, min EUR 20	0.15%, min EUR 12	0.12%, min EUR 8
Netherlands	0.18%, min EUR 20	0.15%, min EUR 12	0.12%, min EUR 8
Portugal	0.18%, min EUR 20	0.15%, min EUR 12	0.12%, min EUR 8
Germany	0.18%, min EUR 20	0.15%, min EUR 12	0.12%, min EUR 8

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.

Open a Cash Plus account

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

Download POEMS Mobile 3 App

Fund

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

Steps to convert to Cash Plus Account:

Log in to POEMS 2.0 > Acct Mgmt > Online Forms > Account Conversion Form

This is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.

Investments are subject to investment risks including the possible loss of the principal amount invested. Unit trusts distributed by Phillip Securities Pte Ltd (“PSPL”) are not obligations of, deposits in, or guaranteed by, PSPL or any of its affiliates.

The value of the units in any fund and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in this publication are not necessarily indicative of future or likely performance of any unit trust. You should read the prospectus and product highlights sheet before deciding to subscribe for units in the respective fund. A copy of the prospectus can be obtained from the issuer or PSPL, or online at https://www.poems.com.sg/fund-finder/phillip-money-market-fund-534010/

You may wish to obtain advice from a qualified financial adviser, pursuant to a separate engagement, before making a commitment to purchase any of the investment products mentioned herein. In the event that you choose not to obtain advice from a qualified financial adviser, you should assess and consider whether the investment product is suitable for you before proceeding to invest and we do not offer any advice in this regard unless mandated to do so by way of a separate engagement.

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

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

How are my Total Asset Value (AUC) calculated?

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

When will Custody fees be charged?

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.

How do I know if I am qualified for Dividend Handling Fee (SGX) waiver?

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).

How do corporate actions affect the brokerage rates and Dividend Handling Fee for my Account?

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).

Can I buy shares using my CPF or SRS funds?

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.

Which Accounts are eligible to convert to Cash Plus Account?

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

What is the minimum age to open a Cash Plus Account?

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.

Can trades made using Cash Plus Account be settled with an external custodian?

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.

What is a Cash Plus Account?

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.

How do I deposit funds into my Cash Plus Account?

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

manually via https://www.poems.com.sg/payment/
via POEMS Mobile 3 App: Me > Deposit Funds > PayNow/eNets > Select your Cash Plus Account > Transfer!

What returns are offered on the Cash Plus Account balance?

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*

SGD3.379% p.a.

USD3.379% p.a.

HKD3.0197% 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)

Are there any minimum balance requirements for the Cash Plus Account?

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.

Who can I contact if I have questions about my Cash Plus Account?

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.

What are the commission rates associated with each market for my 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.

Should I open a Cash Plus Account or Cash Management Account?

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.

What happens if I close my Cash Plus Account?

Remember to withdraw your balance before closing your Account.

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

How do I transfer securities between my trading Account and Cash Plus Account?

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.

What happens if I don't use my Cash Plus Account for a long time?

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.

Can I use my Cash Plus Account for margin trading?

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.

I have shares in my CDP. Can I sell them using my Cash Plus Account?

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.

How to know if I am being charged 0.06% (no minimum) for trades done in SGX listed shares?

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.

Are there any exchange fees from trading in SGX shares?

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. What can I buy using CPF/SRS monies in the SG Market?

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.

While using the available Cash to place an order to buy using CPF/SRS funds, how many days afterwards can we use the same funds for the next purchase?

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

Where do dividends from stocks go?

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

Does POEMS charge platform fees or settlement fees for zero-commission US stocks?

No. There are no platform fees or settlement fees. Trading US stocks on a POEMS Cash Plus Account is commission‑free for online trades across pre‑market, regular, and post‑market sessions. Exchange‑imposed fees may still apply. Please refer to:https://www.poems.com.sg/markets/united-states-nyse-nyse-mkt-nasdaq/?product=stocks#fee

Terms and Conditions:

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.
Waived for US and HK Foreign Custody fee until 31 December 2027. Please refer to Cash Plus Account Infosheet for charges thereafter.
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).
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.
Interest on debit balance is applicable when you utilise the Margin facility. For more information, please refer to Cash Plus Account Infosheet.
Only non-professionals are eligible for the complimentary live price subscription. For details, please visit https://www.poems.com.sg/complimentary-live-price-quotes/
Reduced rates are only applicable to ONLINE trades. For offline rates, please click here.
US 0 Commission starts from 13 May 2026.
US markets : pre-, regular, and post-market only (US. Asian Hours excluded)
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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SBP X ETF

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with Share Builders Plan

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Get up to S$100 Cash Credit
when investing in SGX ETFs
with Share Builders Plan

Simple monthly investing,
automated by eGIRO

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Campaign Period: 15 May 2026 to 31 October 2026

Campaign Period:
8 May 2026 to
30 September 2026

1

2

Invest S$200/month
across 2 eligible ETFs for 3 months

3

Earn up to S$100 Cash Credit, limited to the first 100 Customers

Open to New SBP Customers only

1

2

3

Invest S$200/month
across 2 eligible ETFs
for 3 months

Earn up to S$100 Cash Credit, limited to the first 100 Customers

Open to New SBP Customers only

Cash Credit Details

Monthly Investment Amount	Total for 3 months	Investment Period	Cash Credit	Eligible Counters
S$200	S$600	3 consecutive months	S$20	Selected SGX-listed ETFs Counters (Please refer to the counter list below)
S$400	S$1200		S$40
S$600	S$1800		S$60
S$800	S$2400		S$80
S$1000	S$3000		S$100

The promotion is limited to the first 100 New SBP Accounts. Eligible Customers who invest a minimum of S$200 per month across at least 2 selected ETF counters for three consecutive months via eGIRO will receive S$20 Cash Credit, credited to their Share Builders Plan (SBP) Ledger, subject to a maximum Cash Credit cap of S$100.

Eligible Counters

S/N	Counter Name	Counter Name on Website
1	Phillip SING Income ETF	PHI SING INCOME
2	Amova Straits Times Index ETF	Amova STI ETF
3	Lion-CM CSI Dividend Index ETF	Lion-CM CSI Div S$
4	Lion-OCBC Securities APAC Financials Dividend Plus ETF	Lion-OSPL APAC FinS$
5	Lion-OSPL Low Carbon S$	LION-OSPL LOW CARBON S$
6	UOBAM Ping An FTSE ASEAN Dividend Index ETF	UOBAM PA FT SEAN DV S$
7	SPDR Straits Times Index ETF	STI ETF

* Counters not listed above will not be eligble for the promotion

EXPLORE SBP FOR ETFS HERE!

Sign up for the Share Builders Plan (SBP)

If you have yet to open a POEMS Account, open one here.
If you are an existing POEMS Account holder, simply follow these instructions:

via POEMS Mobile 3 App

Tap on the “Me” tab > eGIRO > Select SBP (Account no.) > Choose Bank > Apply

via POEMS Website

Subscribe via here

Set Up eGIRO for Recurring Investments

via POEMS Mobile 3 App

Tap on the “Me” tab > eGIRO > Select SBP (Account no.) > Choose Bank > Apply

via POEMS Website

Go to Acc Mgmt > Online Forms > Account Application > GIRO > Select SBP (Account no.) > Choose Bank > Apply

Understanding SBP & Its Investment Benefits

Share Builders Plan (“SBP”) is a regular fixed dollar amount investment plan, which enables you to buy shares on a consistent and incremental basis so as to build up a portfolio of securities for yourself eventually.

No Lock In Period

Dividend Reinvestment

Dollar Cost Averaging

Hassle-free Payment via Interbank GIRO

Scenario 1: Customers who invests S$100 into each of two selected ETFs monthly for three consecutive months is eligible for
S$20 Cash Credit.

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
May 2026	PHI SING INCOME	S$100	Two consecutive months	S$20
May 2026	Amova STI ETF	S$100
June 2026	PHI SING INCOME	S$100
June 2026	Amova STI ETF	S$100
July 2026	PHI SING INCOME	S$100
July 2026	Amova STI ETF	S$100

Scenario 2: Customers who invests S$200 per month into a single ETF counter for three consecutive months does not qualify for the Cash Credit. Customers must invest in at least two selected ETF counters per month to be eligible.

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
May 2026	PHI SING INCOME	S$200	Three consecutive months	S$0
June 2026	PHI SING INCOME	S$200
July 2026	PHI SING INCOME	S$200

Scenario 3: Customers who invests more than the minimum requirement (e.g. S$1,200 per month across 2 selected ETF counters) for three consecutive months, will receive Cash Credit capped at a maximum of S$100 per SBP Account.

Month	Investment counter	Monthly Investment Amount	Investment Period	Cashback
May 2026	PHI SING INCOME	S$600	Three consecutive months	S$100
May 2026	Amova STI ETF	S$600
June 2026	PHI SING INCOME	S$600
June 2026	Amova STI ETF	S$600
July 2026	PHI SING INCOME	S$600
July 2026	Amova STI ETF	S$600

*These examples should not be considered as financial advice.

*Please refer to Scenarios 1, 2, and 3 for indicative Cash Credit amounts, including eligible and non-eligible cases

Terms and Conditions

VIEW T&Cs

FAQ

VIEW FAQs

CFD 0 Comms

Trade Index CFDs with
Zero Commission

Zero Commission

Tight and Competitive Spreads

Trade Rising and Falling Markets

Open account

Why Trade World Index CFDs?

Diversify your portfolio with world index CFDs and access global markets with ease

Up to 20X Leverage
Trade index CFDs with up to 20X leverage for greater market exposure with less capital outlay.

*Note that leverage amplifies both gains and losses — you could lose more than your initial investment

Global Market Access
Trade indices from Singapore, Hong Kong, US, Europe, Japan, and more markets worldwide

Long & Short Positions
Capture opportunities in both bull and bear markets.

Advanced Order Types
Use Stop Limit and One-Cancel-the-Other (OCO) orders for effective risk management.

Zero Commission & Competitive Spreads
Trade all index CFDs with zero commission and enjoy competitive spreads.
 *Financing charges are applicable to positions held overnight.

Zero Commission
All index CFD trades on the POEMS suite are now commission-free

Tighter Spreads During Trading Hours
Reduced target spreads during the underlying market's trading session

$0

Commission

Up to

20x

Leverage

16 World Indices Available

Close to

24/5

Trading Hours

Commission on POEMS CFD

Up to

20x

Maximum Leverage

20+

World Indices Available

Close to

24/5

World Indices Available

Open account

Available Index CFDs

Trade major global indices across multiple regions with competitive spreads

Asia Pacific United States Europe Asia Pacific

Index	New Spread (Market Hours)	New Spread (Extended Hours)
Singapore Index SGD1 CFD	0.25	0.25
Singapore Index SGD20 CFD	0.25	0.25
Hong Kong Index HKD1 CFD	8	3.8
Hong Kong Index HKD5 CFD	8	3.8
Hong Kong Tech Index HKD1 CFD	8	5.5
China A50 Index USD1 CFD	10	8
Japan 225 Index JPY100 CFD	10	8
Tokyo Index JPY1000 CFD	1	0.8

United States

Index	New Spread (Market Hours)	New Spread (Extended Hours)
Wall Street Index USD1 CFD	4	2.5
US SP 500 Index USD1 CFD	0.5	0.38
US SP 500 Index USD5 CFD	0.5	0.38
US Tech 100 Index USD1 CFD	1	0.9
US Tech 100 Index USD5 CFD	1	0.9

Note: T Session refers to spreads during the underlying market’s trading hours. T+1 Session refers to spreads outside trading hours. Spreads are subject to variation, especially in volatile market conditions.

Europe

Index	New Spread (Market Hours)	New Spread (Extended Hours)
UK 100 Index GBP1 CFD	2	1
Euro Stocks 50 Index EUR1 CFD	1.5	1.5
France 40 Index EUR1 CFD	1.1	1.1
Germany 40 Index EUR1 CFD	1.1	1.1

view MORE MARKET OPPORTUNITIES View all articles

Understanding Index CFDs

Index CFD is a form of Contract For Differences that allows traders to gain price exposure to stock market indices without  owning the underlying constituent shares.

Global Market Access

Access major stock market indices across the US, Europe and Asia through a single trading account - allowing you to participate in global market opportunities across different time zones.

Trade Both Rising and Falling Markets

Index CFDs allows you to capitalize on both bullish and bearish market conditions, as well as hedging your investment portfolio against market downturns.

Broad Market Exposure in a Single Trade

Index CFDs provide instant diversification by providing exposure to a basket of companies instead of a single stock, reducing company-specific risk.

How to Get Started?

Start trading world index CFDs in four simple steps

Open an Account
Sign up for a Phillip CFD trading account in minutes with our streamlined onboarding process

Fund Your Account
Deposit funds into your trading account using multiple convenient payment methods

Choose Your Index
Select from 16 world indices across Asia, US, and Europe markets

Start Trading
Execute trades with $0 commission, tight spreads, and up to 20x leverage

Trade on Multiple Platforms

Access World Index CFDs across all POEMS trading platforms, with advanced order types and tools

POEMS Web 2.0

Advanced web-based trading platform with comprehensive tools and real-time data

POEMS Mobile 3.0

Trade on the go with our Mobile App, available for iOS and Android devices

POEMS Pro & MT5

Professional trading platforms with advanced charting and technical analysis

Ready to Start Trading Index CFDs?

Take advantage of $0 commission and tight spreads on major global indices. Open your account today and start diversifying your portfolio.

Importance Notice
 CFDs may not be suitable for customer whose risk tolerance is low. Customers are advised to understand the nature and risks involved in margin trading. Any CFD offered is not approved or endorsed by the issuer or originator of the underlying security the issuer or originator is not privy to the CFD contract. Phillip Securities Pte Ltd reserves the right to amend the published information without prior notice. You are advised to read carefully and understand the Risk Disclosure Statement and CFD Risk Fact Sheet before undertaking transactions in CFDs. As CFD is a Specified Investment Product (SIP), retail customers are subject to the relevant assessment for trading/investing in SIPs. This advertisement has not been reviewed by the Monetary Authority of Singapore.
 Copyright © 2026. Brought to you by Phillip Securities Pte Ltd (A member of PhillipCapital) Co. Reg. No. 197501035Z. All Rights Reserved.

Macquarie Warrants Promotion 18 May – 31 July 2026

OPEN ACCOUNT

OPEN ACCOUNT

Campaign Period: 18 May 2026 to 31 July 2026

Get Started in 3 Simple Steps

Step 1

Step 2

Redeem your Macquarie Warrants Coupon via the POEMS Mobile 3 App Rewards section to receive S$30 in Cash Credit.*

*T&Cs Apply.

Scan the QR code to redeem your S$30 Macquarie Warrants Coupon.

Redeem Now

Step 3

Trade a cumulative value of S$150,000 by 30 July to qualify for S$150 Cash Credit.*

*T&Cs Apply

Trade Now

Why Trade Structured Warrants?

Leverage Exposure

Structured Warrants provide 5x to 20x leverage on the daily performance of the underlying index. A 1% move in the underlying may result in approximately 5% to 20% movement in the warrant, depending on gearing.

Limited Downside

Structured Warrants limit downside risk to the initial investment, as there are no margin calls. This allows investors to benefit from leveraged upside while keeping potential losses capped.

Low Capital Outlay

Structured warrants are typically priced at around S$0.10–S$0.20, compared to shares which may require higher capital investment. This allows investors to gain exposure to blue-chip shares at a fraction of the share price.

Diversification

Structured warrants provide exposure to a range of sectors, industries, or regions without direct ownership of the underlying securities.

Trade with No Minimum Commission Fee

Trade Structured Warrants, keep costs low, and capture every market opportunity.

Example: A customer invests S$300 in a Structured Warrant priced at S$0.10 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed Structured Warrants traded price	S$0.10	S$0.10	S$0.10
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$300	S$300	S$300
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$0.84 (0.28% x S$300) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$0.24 (0.08% x $300) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$24.16

*Online commission shown does not include any promotional discounts.

Note: The above examples do not include Exchange Fee and GST.

For pricing of other account types, please refer here.

Frequently Asked Questions

Am I required to register first before I participate in this promotion?

No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period.

How do I identify if the Warrant listed is issued by Macquarie?

You can identify the Issuer by the name of the Warrant. Let’s use the Alibaba Call Warrant for example: Alibaba MB eCW260804 (V8ZW)

Counter Code: V8ZW

Underlying asset: Alibaba

Issuer (MB = Macquarie Bank)

Expiry Date (YYMMDD): 260804 – 2026 Aug 04

I am a Cash Trading Account holder. Am I eligible for this promotion?

No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account.

How to redeem the S$30 Macquarie Warrants Coupon on POEMS Mobile 3 App?

To redeem the S$30 Macquarie Warrants Coupon, please kindly follow these few steps:

Download POEMS Mobile 3 App on App Store/Google Play Store.
Login with your POEMS Account number and password and head over to Me Tab > Rewards.
Select S$30 Macquarie Warrants Coupon under SHOP and Buy with 1 POEMS Coin to redeem.
Once redeemed, execute the eligible trade before the expiry date.
Once you have executed an eligible trade, the S$30 Cash Credit will be credited to your Account within one (1) month after the campaign end date of 31 July 2026.

Terms & Conditions

T&Cs for S$150 Cash Credit

This promotion is valid from 18 May 2026 to 31 July 2026, and is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).
Promotion Details:

Trade Macquarie Warrants with a total buy value of minimum S$150,000 to receive S$150 in Cash Credit.
- Eligibility:
  - BUY trades only
  - SGX listed Macquarie Warrants
  - Cash trades only
  - Online trades only
  - Accounts used for trading of Macquarie Warrants must be either Cash Plus, Margin (M), Custodian (C), Prepaid Custodian (CC), Cash Management (KC) and/or Share Financing (V) Accounts.
  - BUY Trades of the same counter listed in SGX, that are placed on the same trading day on POEMS Trading Platforms using the same payment mode (cash or SRS) with the same Account, are considered as one trade. This is because we only charge one commission for such trade orders. Please refer HERE for more information.
- Crediting of Rewards:
  - The S$150 Cash Credit will be credited to the eligible Account within the month of August 2026 after the completion of Successful Trades.
  - “Successful Trades” refer to BUY trades of SGX-listed Macquarie Warrants that are successfully executed and settled within the Promotion Period. Trades that are cancelled, rejected, or not successfully settled will not be eligible.
  - Each customer is eligible to receive the S$150 Cash Credit once only during the Promotion Period.
  - The Cash Credit is to be provided to the first 50 eligible clients of PSPL who invest during the promotion period.
  - PSPL reserves the right to verify eligibility and trading activity before crediting the cash reward.
  - Phillip Securities Pte Ltd (PSPL)’s determination of eligibility for the S$150 Cash Credit shall be final and binding.

This Promotion is not applicable to

- Cash Account(s)
- Joint Account(s)
- PSPL institutional Customers and corporate Customers

Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all Customers.
PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
By participating in this promotion, you acknowledge that you have read and consented to these Terms and Conditions.
This advertisement has not been reviewed by the Monetary Authority of Singapore.

T&Cs for S$30 Macquarie Warrants Coupon

This promotion is valid from 18 May 2026 to 31 July 2026, and is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).
Eligibility Criteria:
- BUY trades only
- SGX listed Macquarie Warrants only
- Cash trades only
- Online trades only
This Coupon, exchangeable with one POEMS Coin, can be redeemed for a $30 Cash Credit upon completion of a successful eligible trade.
The availability of this Coupon listed on the POEMS Mobile 3 Reward Shop will be on a first come first serve basis.
Each Customer is only eligible to exchange one S$30 Macquarie Warrants Coupon using one POEMS coin during the Promotion period.
The one POEMS Coin used to exchange for this Coupon will not be refunded once the Coupon is exchanged.
This Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for cash.
This coupon will expire on 31 July 2026, 6 P.M. (GMT+8). You are required to redeem the Coupon and execute the eligible trade within the Coupon eligibility period.
Once activated, the Coupon cannot be deactivated or reissued.
This Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon activation and before its expiry.
The S$30 rebate, up to the contract value, will be credited to the eligible Account within the month of August 2026 after the completion of a Successful Trade.
If the Coupon is not redeemed and/or a successful eligible trade is not executed within the validity period, the Coupon will be forfeited, and no rebate will be issued.
If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade will receive the S$30 rebate, regardless of which Account the Coupon was activated in. For example: Customer has Account A and Account B. Customer redeems the Coupon in Account A, but later performs a successful eligible trade using Account B. In this case, Account B will be awarded the S$30 rebate.
This Promotion is not applicable to

- Cash Account(s)
- Joint Account(s)
- PSPL institutional Customers and corporate Customers

Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all Customers.
PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
By redeeming this Coupon, you acknowledge that you have read and consented to these Terms and Conditions.

Singtel Special Discounted Shares (SDS)

How to check if you have Singtel SDS

You can check via sds.singtel.com.

If you do not own Singtel SDS, the website will state that you are not an SDS holder.

What are my options?

OPTION 1: KEEP YOUR SINGTEL SDS

Step 1:

Where your Singtel SDS will be automatically transferred to:

Your individual CDP account if you have one
(CDP Account holder)

A designated CDP account that will be opened for you
(Non-CDP Account Holder)

Your individual CDP account if you have one
(CDP Account Holder)

Successfully Transferred to your CDP account

Step 2:

You can view your Singtel SDS in your CDP account via SGX Investor Portal after 21 Nov 2026.

Step 3:

Step 3:

You can visit SingPost, selected Phillip Investor Centres or use the SDS portal to sell your shares.

Step 2:

You can view your Singtel SDS in your CDP account via
Online CDP account after 21 November 2026

Step 3:

You can link your CDP account with POEMS to view and sell
at your own discretion.

OPTION 2: SELL YOUR SINGTEL SDS

Before 21 Nov 2026

In Person

Visit SingPost or selected Phillip Investor Centres for assistance.

Online

Click Here to sell.

You may choose to receive your sales proceeds into either:
(i) your registered bank account with CPF Board or
(ii) your CPF-OA

If you wish to withdraw your proceeds from your CPF-OA, please submit a request via cpf.gov.sg/sdsproceeds after the sale proceeds have been credited to your CPF-OA.

Important note:

You can only sell your Singtel SDS in full, partial selling is not allowed
The sale of Singtel SDS will be executed at the prevailing market price at the point of trade by PSPL
You will receive the sales proceeds within 14 business days
A commission of  0.24% of the gross sales proceeds + GST will be applied
SDS holders will not be able to sell Singtel SDS from 19 to 20 Nov 2026. These two days have been set aside to facilitate the planned transfer on 21 Nov 2026

After 21 Nov 2026

If you have
a CDP account

You can sell your Singtel SDS through a brokerage account linked to your CDP, such as POEMS by Phillip Securities. You may open a Cash Management Account here to facilitate trading.

To withdraw the sales proceeds in cash from Ordinary Account, please refer here for instructions.

If you do not have
a CDP account

A designated CDP account will be created. You may visit SingPost or selected Phillip Investor Centres for assistance.

Frequently Asked Questions

General

Who owns Singtel SDS shares?

Singtel SDS holders would have received notification letters within 2 weeks from 8 April 2026. Alternatively, you may log in to the Singtel SDS website to check your ownership status.

Is transfer to a joint CDP account allowed?

No, transfer to joint CDP account is not allowed.

Is Singtel SDS the same as a Singtel CPF-OA investment?

No, Singtel SDS is different from a Singtel CPF-OA investment.

If I have Singtel shares, what will happen when my Singtel SDS is transferred to my CDP account?

If you choose to transfer your Singtel SDS to your CDP account, the shares will be consolidated with your existing Singtel Shares, after 21 Nov 2026.

Online Option

If I do not have SingPass, what options are available?

You will not be able to use the online option. Please visit SingPost or one of the selected Phillip Investor Centre with the required supporting documents.

In-person Option

What documents do I need to bring Phillip Investor Centres?

Please bring the following:
1. NRIC and
2. One of the following:

a. Printed copy of CPF Statement showing:

- Full name as shown in NRIC
- Number of Singtel SDS shares
- Statement date (within the last 3 months) or

b. Hardcopy notification letter issued by Singtel and the CPF Board received in Apr 2026

Selling Option

How will I be informed once my Singtel SDS is sold?

Once the sale is completed, Phillip Securities will send you a contract note by mail detailing the selling price, fees, charges and net proceeds. The CPF Board will also notify you by email, SMS or letter within 14 working days once the sale proceeds have been credited.

Where will my Singtel SDS sales proceeds be credited?

Before 21 Nov 2026, proceeds will be credited to your CPF-OA or registered bank account with the CPF Board.

After 21 Nov 2026, proceeds will be credited to either your:
- Bank account linked to CDP/trading account, or
- CPF-OA or registered bank account with the CPF Board (not subject to CPF withdrawal conditions)

Why can’t I indicate my preferred selling price, date, or quantity when selling Singtel SDS?

Before 21 Nov 2026, sales of Singtel SDS are processed through a batched and streamlined workflow between SingPost and Phillip Securities.
As a result, customers are unable to specify a preferred selling price, date, or quantity during this period.

After 21 Nov 2026, if you wish to set your own selling price, date, and quantity, you may consider:

- Transferring your Singtel SDS to your individual CDP account, and
- Linking it to a Cash Management Account via POEMS, where Singtel SDS can be traded like a regular SGX-listed stock.

Can I change my instruction after submitting a request to sell my Singtel SDS?

No, once submitted via Phillip Securities’ website, or SingPost branches, the selling instruction is irrevocable and cannot be changed.

What commissions and fees are charged?

1) When you are selling online by yourself or through selected Phillip Investor Centres, these charges apply:

Fees and charges

Type	Details
Commission	0.24% of the gross sales proceeds

Fees charged by SGX

Type	Details
Clearing fee	0.0325% of the gross sales proceeds
Trading fee	0.0075% of the gross sales proceeds
Settlement fee	SGD 0.35 per trade

2) When selling from CDP via a brokerage account such as POEMS, respective brokerage charges will apply.

Others

How will bankrupt clients be affected?

Regardless of whether they own an individual CDP account, their Singtel SDS will be transferred to the designated CDP account.

What should I do if the beneficiary is deceased, a Next-of-Kin or an Ex-Singapore Citizen?

Please visit SingPost for 3rd party authorisation.

What happens if my individual CDP account is suspended?

If your individual CDP account is suspended as at 21 Nov 2026, your Singtel SDS will be transferred on 28 Nov 2026, unless instructed otherwise by the CPF Board (for example, in the case of bankrupt SDS holders).

Your individual CDP account will remain suspended after the transfer.

Phillip Investor Centres

Important note:

Marine Parade branch will be closed from May to Oct 2026
Ang Mo Kio will be closed on Aug 2026

Raffles City Tower

250 North Bridge Road,
#06-00, Raffles City Tower
Singapore 179101

Tel: 6812 1551(Wealth Advisory)
Tel: 6533 6001 (Reception) Email: rc@phillip.com.sg

Opening Hours
Mon - Fri: 9.00am to 6.00pm

See Virtual Tour

Closed from May to Oct 2026 for renovation

See Virtual Tour

Get Directions

Visit Branch

Northpoint City

930 Yishun Ave 2 #02-168
Northpoint City, South Wing
Singapore 768019

Tel: 6812 1588
Email: northpoint@phillip.com.sg

Opening Hours
Mon - Fri: 9.00am to 6.00pm
Sat: 11.00am to 6.00pm
Sun: By appointment only
Closed on Public Holidays

Visit Branch

Raffles Place

1 Raffles Place #03-20
One Raffles Place
Singapore 048616

Tel: 6812 1500
Email: raffles@phillip.com.sg

Opening Hours
Mon - Fri: 9.00am to 6.00pm

See Virtual Tour

Get Directions

Visit Branch

Toa Payoh

Blk 177, #01-132
Toa Payoh Central
Singapore 310177

Tel: 6812 1566
Email: tpy@phillip.com.sg

Opening Hours
Mon - Fri: 9.00am to 6.00pm
Sat: 9.00am to 1.00pm

See Virtual Tour

Get Directions

Visit Branch

Already A Customer? These Are For You

Grateful for 50 Years of Trust and Partnership

DLCs / Structured Warrant Trading Campaign 13 Apr – 30 June 2026

OPEN ACCOUNT

OPEN ACCOUNT

Campaign Period: 13 Apr 2026 to 30 Jun 2026

Get Started in 3 Simple Steps

Step 1

Step 2

Redeem your DLC/SW Coupon via the POEMS Mobile 3 App Rewards section to receive S$20 in Cash Credit.*

*T&Cs Apply.

Scan the QR code to redeem your S$20 Gold Coupon.

Step 3

Start trading SGX-listed Daily Leverage Certificates and Structured Warrants to compete for a spot among the top 3 traders by total traded value.

Why Trade DLCs and Structured Warrants?

Maximise Your Market Exposure

Gain leveraged exposure to market movements

Trade with Flexibility

Trade rising or falling markets with flexibility

Start with Lower Capital

Start with lower initial investment compared to buying the underlying shares

Capture Short-Term Opportunities

Take advantage of short-term opportunities in global markets

Trade with No Minimum Commission Fee

Trade DLCs and Structured Warrants, keep costs low, and capture every market opportunity.

Example 1: Customer invests S$3,000 in a DLC that has a price of $1.00 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed DLC traded price	S$1.00	S$1.00	S$1.00
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$3,000	S$3,000	S$3,000
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$8.40 (0.28% x $3,000) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$2.40 (0.08% x $3,000) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$16.60

Example 2: A customer invests S$300 in a Structured Warrant priced at S$0.10 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed Structured Warrants traded price	S$0.10	S$0.10	S$0.10
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$300	S$300	S$300
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$0.84 (0.28% x S$300) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$0.24 (0.08% x $300) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$24.16

*Online commission shown does not include any promotional discounts.

Note: The above examples do not include Exchange Fee and GST.

For pricing of other account types, please refer here.

Frequently Asked Questions

Am I required to register first before I participate in this promotion?

No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period.

When will I be notified if I am one of the top 3 traders for this promotion and how do I redeem the Gold bar?

If you are among the top 3 traders for the promotion, you will be notified via email or phone within ONE month after the end of the promotion period.

Redemption details will be provided in the notification. Please ensure that your contact details with POEMS are up to date to avoid any delays.

I am a Cash Trading Account holder. Am I eligible for this promotion?

No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account.

How to redeem the S$20 Gold Coupon on POEMS Mobile 3 App?

To redeem the S$20 Gold Coupon, please kindly follow these few steps:

Download POEMS Mobile 3 App on App Store/Google Play Store.
Login with your POEMS Account number and password and head over to Me Tab > Rewards.
Select S$20 DLC/SW Coupon under the Rewards shop and redeem it with 1 POEMS Coin.
Once redeemed, execute the eligible trade before the expiry date.
Once you have executed an eligible trade, the S$20 Cash Credit will be credited to your Account within one (1) month after the campaign end date of 30 June 2026.

Terms & Conditions

T&Cs

This promotion is valid from 13 April 2026 to 30 June 2026, and is open to new and existing Customers of Phillip
Securities Pte Ltd (“PSPL”).
Promotion Details:
- Top 3 Traders Promotion:
  - 1 X ½ oz 999.9 Gold Bar*
  - 1 X 5 gm 999.9 Gold Bar*
  - 1 x 1 gm 999.9 Gold Bar*
  - Eligibility:
    - Be the top 3 trader by total traded value in SGX-listed Daily Leverage Certificates (DLCs) and/or Structured Warrant during promotion period.
    - Only BUY trades are applicable.
    - Only Online trades are applicable.
  - *All gold bars are subject to availability and may be substituted with gold coins of equivalent weight and value.
  - Notification:
    - You will be notified via email or phone within one month after the end of the promotion period.
- S$20 DLC/SW Coupon:
  - Eligibility Criteria:
    - BUY trades only
    - SGX listed DLC/SW trades only
    - Cash trades only
    - Online trades only
    - Minimum contract value of at least S$3000
  - This Coupon, exchangeable with one POEMS coin, can be redeemed for a S$20 Cash Credit upon completion of a successful eligible trade.
  - The availability of this Coupon listed on the POEMS Mobile 3 Reward Shop will be on a first come first serve basis.
  - Each Customer is only eligible to exchange one S$20 DLC/SW Coupon using one POEMS coin during the Promotion period.
  - The one POEMS Coin used to exchange for this Coupon will not be refunded once the Coupon is exchanged.
  - This Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for
    cash.
  - This Coupon will expire on 30 Jun 2026, 6 P.M. GMT+8. You are required to redeem the Coupon and execute the eligible trade within the Coupon validity period.
  - This Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon redemption and before its expiry.
  - The S$20 rebate will be credited to the eligible Account within the month of July 2026 after redeeming the coupon and completing the successful eligible trade.
  - If the Coupon is not redeemed and/or a successful eligible trade is not executed within the validity period, the Coupon will be forfeited, and no rebate will be issued.
  - If there are multiple Stock Coupons active, the one which has a nearer expiration date will be used up first by default. If the Coupons have the same expiry date, the Coupon that was activated first by the Customer will be used by default.
  - If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade
    will receive the S$20 rebate, regardless of which Account the Coupon was activated in. For example: Customer has
    Account A and Account B. Customer activates the Coupon in Account A, but later performs a successful eligible
    trade using Account B. In this case, Account B will be awarded the S$20 rebate.
Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to,
and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying
terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or
to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and
without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final
and binding on all Customers.
PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss,
damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
By redeeming this item, you acknowledge that you have read and consented to these Terms and Conditions.
Days refer to calendar days.
The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:
- Closed Account with PSPL during the promotion period
- Cash Account(s)
- PSPL institutional Customers and corporate Customers
This advertisement has not been reviewed by the Monetary Authority of Singapore.
By taking part in the promotion, you agree and consent to PSPL sending relevant information to third-party service providers to facilitate the delivery and redemption of the Rewards.
In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete these Terms and Conditions without prior notification (including eligibility; replacement of the prize; promotional mechanics, promotion duration without prior notification, 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.

Hong Kong IPO and Financing

How do I subscribe?

You may subscribe to HK IPOs from your POEMS account via the POEMS 2 Web portal.

Login to POEMS Web → Acct Mgmt → Stocks → Online Forms → Account Application → IPO Subscription - Online Irrevocable Form

For manual processing of subscription forms, please contact your Trading Representative.

Eligibility Criteria

For subscription to Hong Kong IPOs, the eligibility criteria are as follows:

Minimum of S$200,000 subscription (or its equivalent of HKD).
Accredited Investors (AIs) are allowed subscription values of less than S$200,000.
Account must be prefunded with the minimum subscription amount or higher, or have the equivalent in free cash balance.
Prefunding deposit must be in cash, no collaterals in the form of stocks or other products may be used.
Please refer to the application forms for cut off date and time.

Subscription Fees

HK$100 subscription fee
1.0085% foreign fees on allotted value
9% GST on all applicable fees

IPO Calendar

Looking ahead? Explore the upcoming HK IPO calendar.

Check out our Hong Kong Pre-IPO trading here as well!

Fees Calculator

HK IPO Subscription Calculator

Estimate deposit and fees for Share Financing or Full Payment (no interest).

Step 1: Enter your application details (shares, offer price, and FX). Quantity (Shares) Applied Offer price (HK$ per share) FX rate (HKD per S$) Apply in HK$ S$ Financing ratio 80% (fixed) WARNING: Application amount might not be more than S$200k, please check your prevailing SGDHKD rates, ignore if >S$200k. Advanced parameters Locked Subscription fee (HK$) Foreign fees (% of base) GST on foreign fees (%)

Values are preset by POEMS and cannot be changed on this page.

Step 2: Enter your assumed/actual allotment to see settlement. Assumed/Actual allotment (shares)

Step 3: Choose your subscription method to view deposit. Subscription method Full Payment (No Financing) Share Financing (AIs Only)

Share Financing deposit = 20% × (Application + foreign fees on application + GST on those fees) + Subscription fee. At settlement, foreign fees & GST are charged on the allotted value (shares × offer price). Figures are estimates; actual charges and allocations may differ. The results from this calculator will not be considered grounds for dispute.

Frequently Asked Questions

What are the risks of HK IPO subscription?

There is a possibility of zero or very minimal allotment as popular HK IPOs are usually heavily oversubscribed.

What happens if I am not allotted any shares in the IPO I subscribed for?

In the case of zero or partial allotment, the unused funds will be refunded to your trading account after deducting applicable fees.

When will I be notified of my subscription results?

The results will be available via the Online Subscriptions Form page on POEMS Web.

How do I participate in HK IPO Subscription?

You will be required to complete an irrevocable form to subscribe to HK IPO.

You may access the irrevocable forms via POEMS Web under Acct Mgmt –> Stocks –> Online Forms –> HK IPO Subscription – Online Irrevocable Form

Pre-funding your account is also required.

What is the minimum amount for HK IPO subscription?

For Non-AI clients, the minimum amount for subscription is SGD $200,000 or its equivalent in another currency.

This minimum amount will be locked for the subscription period.

Which currencies can the subscription be made in?

You may apply for the HK IPO in SGD and HKD, but the payment on final allotted shares can only be in HKD.

Am I able to apply through iBanking/ATM?

No, HK IPO subscriptions are not supported via iBanking or ATM.

When is the last day to apply for HK IPO?

The last date and time will be shown on the application forms online.

Can I modify my application after submission?

Applicants are solely responsible for the accuracy and completeness of their application and deposit prior to submission. Once lodged, amendments are not supported.

Withdrawals of applications must be done before the cut-off time as shown on the application forms. Any withdrawal request after which will not be processed.

Can I sell my allotted shares during HK Pre-IPO?

Yes, shares allotted during HK IPO subscription are tradeable during the HK Pre-IPO available on POEMS.

Can I apply for more than one HK IPO at a time?

Yes, however, you must ensure that only a single application is lodged for any given IPO counter. Applications for separate IPO counters may be submitted simultaneously. Submitting multiple applications for the same IPO counter will result in the rejection of all applications for that counter.

Accredited Investors can now subscribe to HK IPO with Share Financing

With POEMS Share Financing for HK IPOs, Accredited Investors (AIs) have the option to apply for new listings with a financing arrangement that reduces the initial cash outlay required at subscription. This arrangement allows participation in IPOs without committing the full amount upfront.

The share financing application will only require 20% co-payment, with the 80% financing being interest-free.

AIs who prefer not to use the financing arrangement may also subscribe to HK IPOs through full payment.

For further details on the process and eligibility, please contact your designated Trading Representative or your Dealing team

Who is eligible for HK IPO Financing?

Accredited Investors (AI) with Margin, Cash Plus or Cash Management account can apply for IPO Financing.

Joint account and Cash Account types are not eligible for share financing.

What is the maximum financing quantum for HK IPO?

A fixed rate of 80% financing is available on the total subscription amount. However, share financing is only available to Accredited Investors (AI).

Do I have to pay the principal loan and interests immediately upon successful IPO allotment?

The 80% share financing during the application is interest free, however, if your allotted value exceeds that of the initial co-payment amount, there will be a 7% p.a. interest chargeable on the difference.

The allotted amount and applicable fees will be debited from your account. If your account has insufficient funds, debit interest will accrue and you are required to fulfil any margin shortfall within the stipulated timeframe.

How do I participate in IPO Financing?

Accredited Investors can submit the duly completed IPO Financing Application form and fund your account with the 20% co-payment before the submission deadline.

Disclaimer

This material does not constitute a recommendation, an offer, invitation to offer or solicitation to buy or sell any investment products mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information.

To the extent that this material constitutes an offer or invitation to a relevant person or a person specified under section 275(1A) of the SFA, the material herein is provided as information only and not as an advertisement under section 275 of the SFA.

Terms and Conditions - HK IPO application

These terms shall form an integral part of and shall be read together with the Conditions Governing Phillip Securities Accounts. The Customer represents and warrants that he/she meets the eligibility criteria and other requirements set out in the relevant IPO Offering Documents and is not disqualified from making the HK IPO application under any law or regulation.
All applications are denominated in HK$. Minimum subscription amount is S$200,000 (or HK$ equivalent) for full payment subscriptions.
Minimum subscription amount is not applicable for eligible Accredited Investors.
IPO allotment results are determined by the issuer. PSPL does not guarantee any allocation. 
In the event of zero or partial allotment, The Customer’s unused funds (net of application fees) will be credited back to The Customer’s trading account within three business days after refunds are received by PSPL.
The Customer shall bear all currency exchange costs and risks, including any exchange losses arising from any adverse S$/HK$ movements; PSPL is not liable for such losses. 
The Customer acknowledges that he/she is aware of and accepts the risks involved in HK IPO applications, including:
- Allotment Risk: popular HK IPOs are frequently oversubscribed, and Customers may receive minimal or even zero allocation.
- Market Risk: IPO shares may trade below the offer price upon listing, resulting in capital loss.
- Leverage Risk: Financing amplifies both gains and losses; and Customers may sustain losses greater than the initial payment.
- FX Risk: conversion between currencies exposes The Customers to exchange rate fluctuations.
- Liquidity Risk: The Customers may not be able to sell the allotted shares at their desired price or time in market stress.
PSPL may amend these Terms (including rates and fees) at any time by posting the revised Terms on its website; continued participation constitutes acceptance.

Application process

The Customer must complete and sign the relevant IPO Irrevocable Application & Compliance Form via POEMS 2 Web.
Manual Applications must reach PSPL no later than 17:00 SGT, two business days before the official SEHK close of the IPO subscription period. Applications submitted after the cutoff may be rejected or processed on a best-effort basis at PSPL’s discretion.
PSPL will deduct from The Customer’s trading account the subscription amount (plus fees and interest as applicable) before the IPO listing date, or upon notification of allotment, whichever is earlier.
Applications may only be submitted via the HK IPO subscription online forms, or manually through the Customer’s designated Trading Representative or Dealing team.
HK IPO application fee: HK$ 100 per application (non-refundable). Other charges (e.g., FX spreads, bank charges) may apply.
If cleared funds are insufficient, PSPL may liquidate the Customer’s securities or exercise any right of setoff; default interest and administrative fees may apply.
An applicant shall submit only one application for the service or product. Multiple submissions, including those made by or through another third-party intermediary (such as a broker), will be rejected.

Financing terms

The Customer must complete and sign the relevant IPO Financing Application Form.
IPO financing is 80 % of the subscription amount. The Customer must deposit the remaining 20% co-payment plus fees before the application is accepted.
Interest will only be charged on allotments that have exceeded the 20% initial payment and will be charged on the difference (monies borrowed).
Debit interest is charged on debit balance at 7% p.a., beginning on the allotment date if the account does not have/convert sufficient HK$. If the IPO listing is deferred or settlement is delayed beyond four days, interest continues to accrue daily at 7 % p.a. until the loan is repaid, or forced selling is in place. (If allotment is more than 20% co-payment value)

New Trade Gold for Gold Campaign 1 Apr – 30 June 2026

OPEN ACCOUNT

Campaign Period: 1 April 2026 to 30 June 2026

Log In or Sign Up

Redeem Your Gold Coupon

Redeem your Gold Coupon via the POEMS Mobile 3 Rewards section to receive S$20 in Cash Credit.* *T&Cs Apply

Trade & Climb the Leaderboard

Be the top trader by total traded value in i. SPDR Gold Shares ii. LionGlobal Singapore Physical Gold ETF

Why These 4 Gold ETFs Stand Out

SPDR Gold Shares GLD SG$ GLD SG$ (Ticker: GSD) refers to the SPDR Gold Shares traded on the Singapore Exchange (SGX) in Singapore Dollars (SGD):

Offer investors a way to track the price of gold without holding physical gold
Backed by physical gold bullion held in vaults
Aims to reflect gold’s performance, providing diversification and a hedge against economic uncertainty

TRADE SGX: GSD SPDR Gold Shares GLD US$ GLD US$ (Ticker: O87) refers to the SPDR Gold Shares ETF traded on the Singapore Exchange in U.S. dollars (USD):

Tracks the same underlying fund as SPDR Gold Shares (GLD), denominated in USD
Quoted and settled on SGX in USD rather than SGD
Provides flexibility for investors seeking USD exposure to gold

TRADE SGX: O87 Lion Global Physical Gold ETF Lion SG Phy Gold S$ Lion SG Phy Gold SGD$ (Ticker: GLS) refers to the Lion Global Physical Gold ETF traded on the Singapore Exchange (SGX) in Singapore Dollars (SGD):

Offer exposure to physical gold backed by LBMA-standard bars
Safeguarded in Singapore with strong regulatory standards
Securely vaulted with 24/7 protection
Fully insured against loss, theft or damage

TRADE SGX: GLS Lion Global Physical Gold ETF Lion SG Phy Gold US$ Lion SG Phy Gold US$ (Ticker: GLU) refers to the Lion Global Physical Gold ETF traded on the Singapore Exchange (SGX) in U.S. dollars (USD):

Tracks the same underlying fund as the Lion Global Physical Gold ETF (GLS), denominated in USD
Quoted and settled on SGX in USD rather than SGD
Provides flexibility for investors seeking USD exposure to gold

TRADE SGX: GLU

Check Out the Comparison Chart between S&P 500 & Gold in 2025

Yellow line: Gold Blue line: S&P 500 Source: TradingView

Read: How Gold ETFs Can Diversify Your Portfolio and Hedge Against Inflation

Scan the QR code to redeem your S$20 Gold Coupon. Redeem Now

Frequently Asked Questions

Am I required to register first before I participate in the top trader promotion? No, registration is not required. Your Account will be automatically tracked when you execute eligible trades during the campaign period. When will I be notified if I am the top trader for the top trader promotion and how do I redeem the Gold bar? If you are the top trader for the promotion, you will be notified via email or phone within ONE month after the end of the promotion period. Redemption details will be provided in the notification. Please ensure that your contact details with POEMS are up to date to avoid any delays. I am a Cash Trading Account holder. Am I eligible to enjoy this promotion? No, Cash Trading Account holders are not eligible for this promotion. You may consider opening an eligible Account type or converting your Cash Trading Account to a Cash Management Account via POMS 2.0 How to redeem the S$20 Gold Coupon on POEMS Mobile 3 App? To redeem the S$20 Gold Coupon, please kindly follow these few steps:

Download POEMS Mobile 3 App on App Store/Google Play Store.
Login with your POEMS Account number and password and head over to Me Tab > Rewards.
Select S$20 Gold Coupon under SHOP and Buy with 1 POEMS Coin to redeem.
Once redeemed, execute the eligible trade before the expiry date.
Once you have executed an eligible trade, the S$20 Cash Credit will be credited to your Account within one (1) month after the campaign end date of 30 June 2026.

Terms & Conditions

T&Cs

This promotion is valid from 1 April 2026 to 30 June 2026, and is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).
Promotion Details:
- Top Trader Promotion:
  - 1 X ½ oz 999.9 Gold Bar*:
    - Eligibility:
      - Be the top trader by total traded value in SPDR Gold Shares (SGX:GSD), (SGX:O87) and/or LGI Singapore Physical Gold ETF (SGX: GLU), (SGX: GLS) during promotion period.
      - Only BUY trades are applicable
      - Only Online trades are applicable
    - *Subjected to availability. May be substituted with a ½ oz Gold Coin of similar value.
  - Notification:
    - You will be notified via email or phone within one month after the end of the promotion period.
- S$20 Gold Coupon:
  - Eligibility Criteria:
    - BUY trades only
    - SGX listed Gold ETFs;
      - SGX: O87 – SPDR Gold Shares (USD)
      - SGX: GSD – SPDR Gold Shares (SGD)
      - SGX: GLU – LionGlobal Singapore Physical Gold ETF (USD)
      - SGX: GLS – LionGlobal Singapore Physical Gold ETF (SGD)
    - Cash trades only
    - Online trades only
    - Minimum trade value of S$10,000/US$7,800
  - This Coupon, exchangeable with one POEMS coin, can be redeemed for a S$20 Cash Credit upon Successful Eligible Trades.
  - The availability of this Coupon listed on the POEMS Mobile 3 Reward Shop will be on a first come first serve basis.
  - Each Customer is only eligible to exchange one S$20 Trade Gold for Gold Coupon using one POEMS coin during the Promotion period.
  - The one POEMS Coin used to exchange for this Coupon will not be refunded once the Coupon is exchanged.
  - This Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for cash.
  - This Coupon will expire on 30 Jun 2026. You are required to redeem the Coupon and execute the eligible trade within the Coupon validity period.
  - This Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon redemption and before its expiry.
  - The S$20 rebate will be credited to the eligible Account within the month of July 2026 after redeeming the coupon and completing Successful Trades.
  - If the Coupon is not redeemed and/or a successful eligible trade is not executed within the validity period, the Coupon will be forfeited, and no rebate will be issued.
  - If there are multiple Stock Coupons active, the one which has a nearer expiration date will be used up first by default. If the Coupons have the same expiry date, the Coupon that was activated first by the Customer will be used by default.
  - If the Customer holds multiple trading Accounts, the Account that performs the first successful eligible trade will receive the S$20 rebate, regardless of which Account the Coupon was activated in. For example: Customer has Account A and Account B. Customer activates the Coupon in Account A, but later performs a successful eligible trade using Account B. In this case, Account B will be awarded the S$20 rebate.
Phillip Securities Pte Ltd (“PSPL”) reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all Customers shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all Customers.
PSPL and its affiliates and their respective employees and agents shall not be liable to any person for any loss, damage, injury, costs or expenses incurred, suffered, borne or arising from this promotion.
By redeeming this item, you acknowledge that you have read and consented to these Terms and Conditions.
Days refer to calendar days.
The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:
- Closed Account with PSPL during the promotion period
- Cash Account(s)
- PSPL institutional Customers and corporate Customers
This advertisement has not been reviewed by the Monetary Authority of Singapore.

DLC & SW No Min Com

Trade Daily Leverage Certificates (DLC) & Structured Warrants with

No Minimum Commission

From 2 March 2026

Trade Now

What is a DLC?

A Daily Leverage Certificate (DLC) is a form of structured financial instrument issued by banks and traded on the securities market. DLCs offer investors fixed leverage of 3 to 7 times the daily performance of an underlying index, be it a rising or falling market. The basic principle is simple – if the underlying index moves by 1% from its closing price of the previous trading day, the value of the 3x DLC will move by 3%.

SGX is Asia’s first venue to offer trading in DLCs, allowing investors to gain fixed leveraged exposure to developed Asian market indices and single stocks. This comes without the features impacting pricing for options such as implied volatility, time decay or margin calls.

DLCs were first introduced in Europe in 2012, where they are also called constant leverage products or factor certificates. They received wide interest from investors in Europe shortly after their launch.

Why Trade DLCs?

Leverage up to 7 times the daily performance of an underlying index

Flexibility to trade both rising and falling markets

Low capital outlay and loss is limited to invested amount

No margins. No implied volatility impact. No time decay impact

Transparent pricing due to tradability of the products on exchange

What is a Structured Warrant?

Similar to options, warrants give the holder the right but not the obligation to purchase securities from the issuer at a specific price within a certain time frame. Warrants are a form of derivative – that is, they derive their value from another underlying/reference instrument. These instruments are usually shares and ETFs.

Warrants as financial instruments evolved over time and expanded their ranges, making it harder to specifically define characteristics of all warrants. But one thing for sure is that warrants cover a wide spectrum of risk-return profiles and have diverse investment objectives to meet.

Why Trade Structured Warrants?

Diverse market access as some index and basket warrants give investors exposure to a sector or a market, eliminating the need to trade individual stocks in a market portfolio.

Your Potential Savings At A Glance

Example 1: Customer invests S$3,000 in a DLC that has a price of $1.00 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed DLC traded price	S$1.00	S$1.00	S$1.00
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$3,000	S$3,000	S$3,000
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$8.40 (0.28% x $3,000) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$2.40 (0.08% x $3,000) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$16.60

Example 2: A customer invests S$300 in a Structured Warrant priced at S$0.10 per share.

	Cash Management Account		Cash Plus Account
	Before 02/03/2026*	Now
SGX-listed Structured Warrants traded price	S$0.10	S$0.10	S$0.10
Quantity Purchased	3,000 units	3,000 units	3,000 units
Gross Amount	S$300	S$300	S$300
Commission	S$25 (Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below S$50,000)	S$0.84 (0.28% x S$300) (Fees calculated at 0.28%, for Cash Management Account with contract value below S$50,000)	S$0.24 (0.08% x $300) (Fees calculated at 0.08%, for Cash Plus Account: Starter tier)
Commission Saved		S$24.16

*Online commission shown does not include any promotional discounts.

Note: The above examples do not include Exchange Fee and GST.

For pricing of other account types, please refer here.

Don't have an Account yet?

Open an Account Now

Alternatively, visit any of our Phillip Investor Centres or contact your trading representatives.

Frequently Asked Questions

What are the benefits of trading DLCs?

As a leverage product, Daily Leverage Certificates (DLC) give investors increased exposure to an underlying asset with the potential for higher returns. The leverage of a DLC can be 3, 5 or 7 times. Based on 5x leverage, if the underlying asset, typically a single stock or index, moves 2% in favour from its previous closing price, you earn a 10% gain on the DLC (2% * 5 = 10%). However, if the underlying asset moves in the direction against your position, you could experience a -10% loss.

How do I identify if the DLC listed is issued by Societe Generale/UBS AG?

You can identify the Issuer by the name of the DLC. Let’s use the counter Tencent for example. One of the Tencent DLCs issued by Societe Generale is Tencent 5xLongSG270930.

PSJW	Counter Code
Tencent (0700.HK)	Underlying
5x	Leverage Factor
Long	Long/Short
SG	Issuer (SG = Societe Generale)
270930	Expiry Date (YYMMDD)

As for DLCs issued by UBS AG, the name of the DLC will include ‘UB’ instead of ‘SG’. For example, a Tencent DLC issued by UBS AG is Tencent 5xLongUB270831.

8ZJW	Counter Code
Tencent (0700.HK)	Underlying
5x	Leverage Factor
Long	Long/Short
UB	Issuer (UB = UBS AG)
270831	Expiry Date (YYMMDD)

Does this promotion apply to existing Customers?

Yes, this promotion is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).

Terms & Conditions

T&Cs for “No Minimum Commission for Daily Leverage Certificates (DLC) and Structured Warrants”

1. No Minimum Commission rates for Daily Leverage Certificates (“DLCs”) and Structured Warrants are applicable for all POEMS Trading Accounts from 2 March 2026 onwards. For standard rates, please refer to the respective account pricing.

2. This promotion is open to new and existing Customers of Phillip Securities Pte Ltd (“PSPL”).

3. Eligibility Criteria for the promotion:

Cash & SRS Trade only
Online trade only
Only trades in Daily Leverage Certificates (DLC) and Structured Warrants are eligible
BUY or SELL Trades of the same counter listed on SGX, executed on the same trading day via POEMS Trading Platforms, using the same payment mode (cash/SRS) and under the same Account, are considered as one trade. This is because only one commission is charged for such trade orders. Please refer HERE for more information.

4. The following persons are not eligible to participate in those promotions unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):

PSPL institutional Customers and corporate Customers
PSPL Account holders whose Accounts have been suspended, cancelled or terminated
All employees of PSPL and its associated entities; PSPL and all its subsidiaries

5. PSPL reserves the right at any time in its absolute discretion to (i) amend, add to, and/or delete at any time of these Terms & Conditions without prior notice (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and/or deletions when effected, or to (ii) vary, withdraw, and/or cancel any items or the promotion itself without having to disclose a reason, and without any compensation or payment whatsoever. PSPL’s decisions on all matters relating to the promotion are final and binding on all participants.

6. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.

7. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.

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

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