Grow Your US Portfolio with Just a Fraction of a Share

Open an Account

Grow Your US Portfolio with Just a Fraction of a Share

Open an Account

What Challenges Do Investors Face?

Limited Cash Flow

Invest at your own pace. With flexible entry amounts, investing becomes a regular habit, not a major event.

Market Intimidation

Learn with POEMS. Build your confidence through connecting with our community. Join our webinars for more tips.

High Cost of Entry

Fractional shares let you start investing with just a few dollars. Own a portion of leading stocks without committing thousands.

What Challenges Do Investors Face?

High Cost of Entry

Fractional shares let you start investing with just a few dollars. Own a portion of leading stocks without committing thousands

Market Intimidation

Invest at your own pace. With flexible entry amounts, investing becomes a regular habit, not a major event.

Limited Cash Flow

Learn with POEMS. Build your confidence through connecting with our community. Join our webinars for more tips.

Invest in US Stocks, One Fraction at a Time

Why pay for a full share when you can start investing with any amount that fits your budget?

Invest in US Stocks, One Fraction at a Time

Invest in Premium Stocks Without the Full Price

Own a slice of big names like Amazon, Apple, or Tesla - without paying the full price. Now, you don’t have to wait to afford a full share.

Stay Diversified,
Even on a Budget

Don’t put your hopes in one stock. With fractional shares, even a small budget can be spread across different sectors and companies.

Perfect for Dollar-Cost
Averaging

Put your money to work regularly, no matter the market ups and downs. With fractional shares, it's easy to invest small amounts over time.

Why Trade US Fractional Shares with POEMS?

Trade from as low as US$0.88 commission per fractional order*

Dedicated Specialist available

NO Platform Fee

US Fractional Shares Order Details

Eligibility of Order Types

• Only Regular Trading Hours (RTH) Limit and Market orders are eligible.

• US Fractional Trading is not eligible for extended hours and GTD orders.

Minimum Order

• The minimum order for US Fractional shares orders is 0.001

• US Fractional Shares national value must be more than US$1 per order

Corporate Actions

• US Fractional shares are still subject to corporate actions (e.g. stock splits, dividend distributions, and others)

• US Fractional shares are non-transferable and investors are not entitled to voting rights.

Check Out Our Tutorial Video on US
Fractional Shares

Open an Account & Start Trading with POEMS!

Start your trading journey with POEMS and experience a smarter way to manage your investments on our platform!

Open Account

FAQ

1. What is the minimum order for US Fractional share orders?

US Fractional Shares require a minimum notional value of US$1 per order.

US Fractional Shares are supported up to three decimal points (e.g. 0.001).

2. What are the eligible order types to trade US Fractional Shares?

US Fractional Shares can only support Market and Limit orders.  

3. Where can I trade US Fractional shares?

US Fractional Shares can be traded under the normal trade ticket. 

4. What are the available types of accounts that are eligible to trade US Fractional shares?

US Fractional shares are available on Cash, Cash Management, Margin, Cash Plus, Custodian, and Prepaid Custodian Accounts. 

Client will need to acknowledge a Fractional Risk Disclosure Statement prior to Fractional shares trading.

5. Which are the POEMS trading platforms that US Fractional Shares are available to trade on?

US Fractional shares are available for trading on POEMS 2.0 Web and POEMS Mobile 3 App.

6. What is the commission fee for US Fractional share?

The commission for US Fractional shares (i.e. less than 1 share) is US$0.88 per order.

If it’s more than 1 share (i.e. 1, 1.5, 100 shares etc), the commission will follow the customer prevailing commission rate. 

7. How can I identify shares available for US Fractional trading?

US Fractional shares are indicated by a fractional tag displayed alongside their ticker symbol.

8. How do I execute Dollar-based orders?

To place Dollar-based orders,

on POEMS 2.0, navigate to the desired US Fractional counter > select Market order > select Dollars > Buy

on POEMS Mobile 3 App, navigate to the desired US Fractional counter > select Market order > toggle to Dollars > Place BUY Market Order

 

9. Who do I contact directly if I have any enquiries?

You may contact your specialist/Trading Representative. Your Trading Representative’s contact information can be retrieved via the methods shown below:

1) Login to POEMS 2.0 > My Setting > Contact Us

2) On POEMS 2.0 Homepage, click Phillip Chatbot (Orange logo located on the right screen) and type ‘remisier details’ to retrieve your Trading Representative’s contact details.

3) Login to POEMS Mobile 2.0 app > tap on the Menu > Help > Call Broker.

4) Login to POEMS Mobile 3 app > Me Tab > Support > Help Service > Call Broker.

Alternatively, you may call us at 6531 1555 for assistance to retrieve your Trading Representative’s contact details.

Redeem your Free US Fractional Share Trades!

Start Small, Grow Big – Build Your U.S. Portfolio!

OPEN ACCOUNT & TRADE NOW

Think Trading the U.S. Market is Too Expensive?

Get Your First 5 Trades on U.S. Every Month

(worth US$44)

OPEN ACCOUNT & TRADE NOW

Note: The 6th trade onward will be charged to the standard fractional standalone brokerages - US$0.88.

Unsure Which U.S. Companies to Trade?
Kickstart Your Portfolio with These Top Picks:

Note: The 6th trade onward will be charged to the standard fractional standalone brokerages - US$0.88.

Why Trade US Fractional Shares with POEMS

US$

0.88

Trade from US$0.88 commission per fractional order*

No Custody fee

Dedicated Specialist available

*Only for less than 1 share order quantity, else existing brokerage will apply.

US Fractional Shares Order Details

Eligibility of Order Types

• Only Regular Trading Hours (RTH) Limit and Market ordes are eligible

• US Fractional Trading is not eligble for extended and GTD orders

Minimum Order

• The minimum order for US Fractional shares orders is 0.001

• US Fractional Shares national value must be more than US$1 per order

Corporate Actions

• US Fractional shares are still subject to corporate actions (e.g. stock splits, dividend distributions, and others)

• US Fractional shares are non-transferable and investors are not entitled to voting rights.

*Only for less than 1 share order quantity, else existing brokerage will apply.

Unlocking Investment Opportunities
with Fractional Shares and Thematic Portfolios

READ NOW

New to POEMS?

1. Open an Account

2. Once your POEMS Account is successfully opened, login to either POEMS 2.0 or POEMS Mobile 3 App to opt-in to US Fractional Share

POEMS 2.0

1. Login to POEMS 2.0 > Head over to “Trade” Tab > “Stocks” tab

2. Select any US Market (AMEX, NASDAQ, NYSE) in the drop down menu

3. Click on the button called “Opt-in for Fractional Shares” to opt-in.

POEMS 3.0

1. Login to POEMS Mobile 3 App > Head over to “Me” Tab.

2. Scroll below to the “Activations” section and select “Fractional Opt-in”.

Check Out Our Tutorial Video on US
Fractional Shares

Unwrap Your Welcome Gifts

worth up to

S$2,025

OPEN ACCOUNT NOW

REFER

AND EARN!

Receive Cash Credit up to S$680

OPEN ACCOUNT NOW

Power your Portfolio Beyond Orbit

with Zero Fees and Cosmic Perks
worth up to S$1,888!

Power your Portfolio Beyond Orbit

with Zero Fees and Cosmic Perks
worth up to S$1,888!

Every portfolio needs the right launchpad.

Transfer your CDP Shares Now!

Transfer your CDP Shares

Invest Smarter. Partner with an Investment Specialist.

Receive expert advice on
trading and corporate actions

Tap onto years of
stock market experience

Accumulate your wealth with
a closely monitored portfolio

Receive customised strategies
that align with your goals

How to Get Started!

Submit the CDP Mass Share Transfer Request Free of Charge!

List of Eligible Accounts

• Cash Management

• Cash Trading

• Custodian

• Prepared Custodian

• Cash Plus

• Margin

Launch Into WAIVED Fees Now!

CDP Share Transfer Fee	Waived
Dividend Handling Fee (SGX-listed Securities)	Waived
Corporate Action Fee (SGX-listed Securities)	Waived
Account Maintenance Fee	Waived
Foreign Share Custody Fee	Waived
*Applicable to participants of cdp mass shares transfer page

Fee Waiver Table (Applicable to Participants of CDP Mass Share Transfer Request)
CDP Share Transfer Fee	Waived
Dividend Handling Fee (SGX-listed Securities)	Waived
Corporate Action Fee (SGX-listed Securities)	Waived
Account Maintenance Fee	Waived
Foreign Share Custody Fee	Waived

 

*Applicable to participants of cdp mass shares transfer page

Until 30 Sep 2027

CDP Share Transfer Fee Click HereDividend Handling Fee
(SGX-listed Securities)Click HereForeign Share Custody FeeClick HereCorporate Action Fee
(SGX-listed Securities)Click HereAccount Maintenance FeeClick Here

Get in touch with your Investment Specialist now!
Don’t have one? Contact us at 65311555 or talktophillip@phillip.com.sg

Why Build a Portfolio with Us 

Founded in 1975, with one of
the largest pools of Investment Specialists in Singapore today 

Receive a comprehensive range of Financial Services from our multi-licensed Investment Specialists.
(E.g. Licences in both portfolio management and financial advisory) 

24/7 access to your portfolio
via POEMS 

Stay one step ahead with
Real-time Market Insights   

Exclusive Promotion

Enjoy the following Cash Credit rewards when you transfer in:

Unlock your Rewards!

*T&Cs Apply.

View Terms & Conditions for the Promotion

Freuquent Asked Questions

Accounts

What types of Accounts are included in this CDP Mass Share Transfer Request?   

Only Cash Management, Cash Trading, Custodian, Prepaid Custodian, Cash Plus or Margin Accounts are eligible.  Upon submitting the Request, Cash Management or Cash Trading Accounts will be converted to Custodian Account.

Are all securities eligible to be transferred in? 

Only SGX-listed securities (e.g. shares, ETFs and bonds) and T-bills are eligible to be transferred in.

Which types of securities are not eligible for the CDP Mass Share Transfer Request?

 Below is a list of securities that are not eligible for the transfer:

• Rights Shares
• Singapore Saving Bonds
• Securities that are in “Blocked” status (e.g. Moratorium, Charge)
• Securities that are on loan as part of SGX SBL programme
• Unlisted counters
• Suspended counters

If I do not submit the CDP Mass Share Transfer Request, what will happen to my future trading activity?  

The CDP Mass Share Transfer Request is optional. If you choose not to submit this Request, you will continue trading with your CDP-linked account (i.e. Cash Management, Cash Trading).

Can Estate accounts with CDP participate in the CDP Mass Share Transfer Request?

No, Estate accounts are not eligible for the Request.

Can Corporate accounts with CDP participate in the CDP Mass Share Transfer Request? 

Yes, Corporate accounts are eligible for the Request. No change in beneficiary owner is allowed.

Can Joint Accounts with CDP participate in the CDP Mass Share Transfer Request? 

Yes, Joint Accounts are eligible for the Request. No change in beneficiary owner is allowed.

General

 

Are my monies and assets custodised with Phillip Securities Pte Ltd (“PSPL”) safe?   

Our customers’ monies and assets (including those assets that are held with appointed foreign custodians) are safe-kept in accounts which are designated as trust accounts for customers in compliance with the MAS’ requirements under the Securities and Futures Act (“SFA”) and Securities and Futures (Licensing and Conduct of Business) Regulations. Customers’ monies and assets are protected by keeping them in customer segregated accounts separate from PSPL’s own.

Section 104A of the SFA also provides that monies and assets belonging to customers are not available for payment of PSPL’s debts and shall not be liable to be paid or taken in execution under an order or a process of any court.

 

Submission  

How do I participate in this CDP Mass Share Transfer Request? 

You must opt-in for the transfer-in via login to POEMS Website at www.poems.com.sg.
Go to Account Mgmt > Stock > Online Form > Account Application> CDP Mass Share Transfer Request.

Can my remisier assist in completing the CDP Mass Share Transfer Request?  

No. You must log in to the POEMS website and agree to the terms and conditions in order to proceed with the Request.

Can I transfer my shares from one CDP Account to multiple POEMS Accounts?

No, you can only transfer all your securities and T-bills from one CDP account to one POEMS Account, namely Cash Management*, Cash Trading*, Custodian, Prepaid Custodian, Cash Plus, and Margin Account.

*Upon submission of the CDP Mass Share Transfer Request, Cash Management or Cash Trading Accounts will be converted to a Custodian Account. Learn more about Custodian Accounts here. 

Can I transfer my shares from my individual CDP account to a joint POEMS Account?  

No, you can only transfer shares from your individual CDP account to an individual POEMS Account or Joint CDP to Joint POEMS Account. No change in beneficiary ownership is allowed.  

If I have multiple POEMS Accounts, can I choose which POEMS Account to transfer to when I submit the CDP Mass Share Transfer Request?

Yes, you will need to specify which POEMS account will be the recipient of the CDP Mass Share Transfer Request during the submission process. If you select either a Cash Management or Cash Trading account, it will be converted to a Custodian Account.

Fees

After the CDP Mass Transfer Request is completed, do I have to pay for any ongoing fees?  

Please click here for the table regarding fee waivers. Any fees accrued prior to the transfer will not be waived. For example, if there is an outstanding fee in the existing Custodian Account, the customer will still need to settle this fee.

If I initiate the CDP Mass Share Transfer Request and later decide to move shares to another broking firm or back to CDP, will there be any fees imposed? 

The process for transferring shares back to CDP or to another broking firm may incur fees. Please refer to the link for Share Transfer Fees and procedures: https://www.poems.com.sg/share-bond-unit-trust-transfer/

After the CDP Mass Share Transfer Request 

Will my POEMS Trading Account numbers remain the same after the Mass Share Transfer Request is completed? 

Yes. Your POEMS Account numbers will remain the same.  

After my Cash Management or Cash Trading Account is converted to a Custodian Account, will there be any changes to the brokerage rates, trading limits and contra facility?

There will be no change to existing brokerage rates, trading limits and contra facilities. 

What will happen to my Giro arrangement after the conversion from a Cash Trading Account to a Custodian Account? 

The GIRO linkage (if any) for the Cash Trading Account will be delinked after conversion. However, you can apply for EPS via POEMS login. 

What will happen to my EPS arrangement after conversion from a Cash Trading Account to a Custodian Account? 

There will be no change to the payment arrangement. 

What will happen to my CDP account when my Cash Management or Cash Trading Account is converted to a Custodian Account after the CDP Mass Share Transfer Request?

The CDP linkage will be delinked from the Custodian Account but your CDP account will not be closed by CDP. Please note that you cannot sell new holdings kept with CDP unless you transfer the holdings into the Custodian Account again. 

After the CDP Mass Share Transfer Request, can I still hold newly purchased shares in CDP through other broking firms?

Yes, your CDP account will remain active. You can still purchase shares through other broking firms and keep the new holdings with CDP. However, you must remember to transfer the new holdings from CDP into your POEMS Account if you wish to sell the new holdings through us.

After the CDP Mass Share Transfer Request, can I sell the transferred-in holdings through other broking firms?

No, you can only sell your holdings via the same POEMS Account

Can I apply for IPOs after the CDP Mass Share Transfer Request? 

You can continue to manage your assets that are not held under our custody and are able to apply for IPOs through the usual channels. However, allocation of shares will not be credited to your POEMS Account unless you initiate the Mass Share Transfer Request again. 

After the CDP Mass Share Transfer Request, how will I be able to track my holdings with POEMS and CDP?  

You can view your holdings held under our custody via POEMS login.
To check your CDP holdings, login to the CDP portal. 

After the CDP Mass Share Transfer Request into my Custodian Account is completed, will overselling of shares be prevented?

For SGX-listed securities kept in your Custodian Account, there is a possibility of short-selling because our system will not check your local shareholdings in your accounts. However, you are unable to short-sell foreign shareholdings kept in your Custodian Account.  

Can I apply for T-bills from my POEMS Account after the CDP Mass Share Transfer Request?

Yes, please refer here for more information: SGS (Singapore Government Securities) T-Bills, SGS Bonds, U.S. Treasury available in POEMS 

Can I cancel my Request after the CDP Mass Share Transfer Request is submitted?

Yes, you can cancel the Request before 4.30pm on the same day.

How do I know that the CDP Mass Share Transfer Request is successful? 

You will receive an email notification once the CDP Mass Share Transfer Request is completed. 

How long will the CDP Mass Share Transfer Request take? 

The CDP Mass Share Transfer Request may take effect within 2 business days, provided you do not have any outstanding positions in your CDP Accounts. You will receive an email notification after the transfer Request has been completed 

If there is an outstanding position, can I submit the CDP Mass Share Transfer Request?

You can still submit the Request, but it will be sent to CDP for processing after all outstanding positions are closed. 

Terms & Conditions

SMART Park Credits Reward (Sep - Dec 2025 Promotion)

1. The promotion is only limited to the first 1,888 unique Customers who transfer in Eligible Assets from CDP fully to Eligible Accounts from 1 September 2025 to 31 December 2025, both dates inclusive.
2. Customers who previously participated in our previous CDP Mass Share Transfer promotions will still be eligible to participate in this promotion again.
3. Eligible Customers will receive Excess Funds Management SMART Park credit of:
   
   1. S$88 for transferring S$100,000 worth of Eligible Assets
   2. S$188 for transferring S$200,000 worth of Eligible Assets
   3. S$288 for transferring S$500,000 worth of Eligible Assets
   4. S$588 for transferring S$1,000,000 worth of Eligible Assets
   5. S$1,888 for transferring S$2,000,000 worth of Eligible Assets
4. Eligible Assets are all SGX-listed securities (e.g. shares, ETFs and bonds) and T-bills.
5. Customers are required to opt-in to the Excess Funds Management Facility (SMART Park) within 90 days of the submitted request.
6. Eligible Accounts for submitting the CDP Mass Share Transfer Request include: Cash Management, Cash Trading, Custodian, Prepaid Custodian, Cash Plus, or Margin Account.
   (Upon submitting the CDP Mass Share Transfer Request, Cash Management or Cash Trading Accounts will be converted to Custodian Accounts)
7. The total value of Eligible Assets transferred must be maintained in the Account for 90 calendar days.
8. SMART PARK Credits will be credited before the end of April 2026.
9. 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.
10. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
11. 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.
12. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Unlocking the Power of Gold in a Volatile Market!

Date	23 May 25, Friday
Time	7pm - 8pm
Location	Phillip Investor Centre - Raffles City Tower, 250 North Bridge Road Raffles City Tower #06-00 Singapore, 179101
POEMS Reward Points to Redeem One Ticket	300 Points (worth S$5)
Food provided?	Yes

About this Event: Gold’s diverse sources of global demand, ranging from demand from jewellery, investment, technology, and central bank have been the source of its low historical correlation to stocks and bonds. The unique status of gold may appeal to investors looking for ways to manage portfolio risk as well as to benefit from its capital appreciation and wealth preservation potentials. With gold prices continuing to hit record highs led by factors such as rising market volatility from Trump’s policies, tariff concerns, and ongoing geopolitical tensions, global investors including central banks have been actively buying gold as an important diversifier. Join us at this seminar on 23 May, Fri at 7pm where Mr. Robin Tsui, APAC Gold Strategist at State Street Global Advisors will share his insights on the outlook for gold in the second half of 2025. Discover the key fundamental and economic drivers expected to sustain the current gold bull market. A complimentary meal will be served, complementing an evening of valuable insights and discussion.   Speaker Profile: Mr Robin Tsui, APAC Gold Strategist at State Street Global Advisors Robin Tsui (CAIA, CA ANZ, HKICPA) is the APAC Gold Strategist at State Street Global Advisors. In his role, Robin supports institutional and intermediary sales efforts in APAC to increase investor awareness of gold as a strategic asset class in investment portfolios. Robin leads the gold business strategy to grow SPDR Gold ETFs’ market shares through research, education, product positioning collateral and client engagements. Prior to this role, Robin served as the Interim Head of SPDR ETFs and SPDR Gold Sales Specialist for Hong Kong at State Street Global Advisors. Prior to joining State Street Global Advisors, Robin held the position of Manager, Investment Product & Research at the World Gold Council. Before joining the World Gold Council, Robin was the lead metals and mining equity research analyst at Bank of China International (BOCI). Prior to joining BOCI, Robin covered the metals & mining industry at Haitong International. Robin began his career at EY in Melbourne, Australia. Robin has 16 years of experience covering commodities. Robin holds the Chartered Alternative Investment Analyst designation (CAIA) and is both a Chartered Accountant in Australia & New Zealand (CA ANZ) and a Certified Public Accountant in Hong Kong (HKICPA). As Head of Macquarie Warrants Singapore, Jamie has extensive experience educating investors on leveraging warrants to enhance portfolio returns while mitigating potential risks. She will provide a warrant selection demonstration and answer any warrant-related questions you may have.

Frequently Asked Questions

Why am I unable to redeem the “Can the Gold Rally Continue?” seminar ticket? This could be that you have insufficient POEMS Reward Points for redemption. What will happen once I redeemed the “Can the Gold Rally Continue?” seminar ticket on POEMS Rewards? We will assist to register your details for you on the Eventbrite page and you will receive the confirmation email to your registered email address with POEMS. Is there a refund if I suddenly couldn’t make it to the “Can the Gold Rally Continue?” seminar after I redeem? There won’t be a refund once you have redeemed the ticket on POEMS Rewards. Who can I contact if I have some enquiries? For enquiries, please contact us at 6812 1565 or email to TJ_Team@phillip.com.sg

Earn Up to S$600 in Rewards Refer and Share with
Your Friends & Family. Generate Copy Link

Share your referral link

* Earn S$60 for each referral, up to a maximum of 10 new account holders

For Referrer

Steps

Rewards

Share Your Unique Referral link

Your Friends & Family Opens a POEMS Account with SMART Park Opt-in

(Excess Fund Management)

S$10

Stock Coupon

Your Friends & Family Funds a Minimum of S$3,000

(within 14 days of Account opening & holds it for 30 days)

S$50

Cash Credit

For Referee

Steps

Rewards

Sign Up Using the Unique Referral Link

Opt-in to SMART Park

(Excess Fund Management within 14 days)

Zero US Commission (Only for Cash Plus)
Zero Sales Charge on Unit Trusts
Free SGX Market Depth
Free Live Prices on Popular Markets

Funds a Minimum of S$3,000 & Trade

(within 14 days of account opening, holds the funds for 30 days, and execute the eligible trades* within 90 days)

Free Fractional Shares

For Referrer

Steps

Rewards

Share Your Unique Referral Link

Your Friends & Family Opens a POEMS Account with SMART Park Opt-in

(Excess Fund Management)

S$10

Stock Coupon

Your Friends & Family Funds a Minimum of S$3,000

(within 14 days of Account opening & holds it for 30 days)

S$50

Cash Credit

For Referee

Steps

Rewards

Sign Up Using the Unique Referral Link

Opt-in to SMART Park

(Excess Fund Management within 14 days)

Zero US Commission (Only for Cash Plus)

Zero Sales Charge on Unit Trusts

Free SGX Market Depth 

Free Live Prices on Popular Markets

Funds a Minimum of S$3,000 & Trade

(within 14 days of account opening, holds the funds for 30 days, and execute the eligible trades* within 90 days)

Free fractional shares

Refer Now

Rewards for Your Family & Friends

What will They get when They Open an Account?

Rewards for Your Friends & Family

What will They get when They Open an Account?

More Rewards When They Fund & Trade

FREE Fractional Share

AMAZON

(Worth S$50)

Tier 1:

Fund a Minimum Deposit of S$3,000 within 14 days of Account Opening

Hold the Funds in the Account for 30 days

Complete 3 BUY Trades (Stocks/ETFs/Unit Trusts) within 90 days of Account Opening

FREE Fractional Shares

AMAZON

(Worth S$50)

MICROSOFT

(Worth S$100)

Tier 2:

Fund a Minimum Deposit of S$10,000 within 14 days of Account Opening

Hold the Funds in the Account for 30 days

Complete 5 BUY Trades (Stocks/ETFs/Unit Trusts) within 90 days of Account Opening

Learn More about Welcome Gifts

Frequently Asked Questions

What will I receive when I refer a friend to POEMS?

You will receive S$10 Stock Coupon and S$50 Cash Credit when the following has been verified:

(a) Your friend is new to Phillip Securities, has successfully opened a Cash Plus Account or Cash Management Account with Excess Funds Management (SMART Park) opt in >> You will receive S$10 Stock Coupon

(b) Your friend funded at least S$3,000 into their Account within 14 days of Account opening and does not withdraw the funds for 30 days >> You will receive S$50 Cash Credit

Am I eligible to be a referrer/referee?

All existing POEMS Account Holders with any of the following Accounts can be referrers: 

1. Cash Plus Account
2. Margin Account
3. Cash Management Account
4. Prepaid Account
5. Custodian Account 
6. Share Financing Account

As a referee, you must not have or have had any Accounts with Phillip Securities Pte Ltd.

What is the maximum number of referrals?

You can refer up to 10 referees.

When will my referee be able to enjoy Zero commission on US stocks?

Referees will receive a notification email on the activation of the Zero US Commission for 30 days Reward within 2 working days following their Account opening.

When will I receive the S$10 Stock Coupon and S$50 Cash Credit?

The S$10 Stock Coupon will be redeemable within 10 working days via POEMS Mobile 3 App > Me > Rewards Inventory once your Referee has fulfilled the requirements (open Cash Plus or Cash Management Account and opts into Excess Funds Management (SMART Park))

The S$50 Cash Credit will be credited into the Referrer’s POEMS Account once it has been verified that the Referee has not withdrawn the fund for 30 days. This process may take up to 40 days following the funding date.

Is the S$10 Stock Coupon only redeemable on POEMS Mobile 3 App? What if I am using POEMS 2.0 App?

Yes, the S$10 Stock Coupon is only redeemable on POEMS Mobile 3. If you are using POEMS 2.0 App, please download POEMS Mobile 3 and log in to claim the Coupon. If you fail to do so by 15 June 2025, your Stock Coupon will be forfeited.

Does the referee need to enter a referral code while signing up?

No, the referee only needs to open an Account using the unique referral link you provide.

What happens if my referee forgot to use my referral link when opening an Account?

We regret that in such cases, it will not be considered as a successful referral.

What if 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 do I convert my Cash Trading Account to Cash Management Account?

Login to POEMS 2.0 Website > “Acct Mgmt” > “Stocks” > “Online Forms”. Please note that any existing GIRO facility with a Cash Trading Account has to be terminated before we can process the conversion to a Cash Management Account.

What if I have further queries?

Please contact your dealer or Trading Representative. Alternatively, you can reach our Customer Service Hotline at 6531 1555 or send an email to talktophillip@phillip.com.sg.

Terms & Conditions

T&Cs for Cash Plus Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Plus Account (“Referee”), from 10 March 2025 to 31 May 2025, both dates inclusive.
2. Within this context, “Referrers” refer to Customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing Accounts (“Qualified Accounts”).
3. A referral will be considered successful only when the referee fulfils all of the following: 
   1. Opens a Cash Plus Account using a unique referral link generated by the referrer
   2. Opts into Excess Funds Management (SMART Park)
   3. Does not change the Account type during the promotion period
   4. Abides by the terms and conditions
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive a S$10 Stock Coupon and S$50 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts (regardless of Account type).
6. Only the first 10 referred Accounts (regardless of Qualified Account) will be considered as successful referrals.
7. Rewards for Referrer: The Referrer will be entitled to a S$10 Stock Coupon and S$50 Cash Credit  when his/her Referee
   1. Successfully opens a Cash Plus Account and opts in to Excess Funds Management (SMART Park) , he/she would receive S$10 Stock Coupon. 
   2. deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date, he/she would receive S$50 Cash Credit. The deposit cannot withdraw from the Account for a period of at least 30 days.
   3. Please note that the Stock Coupon and Cash Credit are non-transferable and non-withdrawable.
8. Rewards for Referee
   1. Referees will receive:
      1. Account Opening Rewards at poems.com.sg/welcome-gifts 
      2. Fund & Trade Rewards at poems.com.sg/welcome-gifts 
9. Activation and crediting of the Referrer’s Rewards:
   1. S$10 Stock Coupon:
      1. Referrers will be required to download and login to POEMS Mobile 3 App by 15 June 2025, in order to receive the S$10 Stock Coupon, once their referees have fulfilled the requirements (refer to point 3). Failure to do so, will result in forfeiture of the Reward/s. 
      2. The S$10 Stock Coupon will be credited into the eligible Referrers’ Account in the POEMS Mobile 3 App > Me Tab > My Rewards Inventory, within the 10 working days provided that the Referrers login to POEMS Mobile 3 App before 15 June 2025 and their Referees have fulfilled the requirements. 
      3. How to Use: Swipe to activate > Click on the ‘Activated – Trade Now’ button to be brought to the trade page > Stock Coupon status will change to ‘Pending’ once trade is successful
         1. Once the Stock Coupon has been activated, it cannot be deactivated. 
         2. If the next trade made is eligible/qualifying, then the Stock Coupon will be used.
         3. The rebate, up to the contract value, will be credited to the Account holder within 10 working days after usage.
         4. The coupon will expire 1 month upon issuance of the coupon.
      4. Eligibility Criteria:
         1. Buy stocks only
         2. US and SG Market only
         3. Cash trades only
      5. The S$10 Stock Coupon will expire within one month upon issuing the coupon. Failure to redeem the coupon within the time period, will result in forfeiture of the Reward/s.
   2. S$50 Cash Credit:
      1. Referrers will receive the S$50 Cash Credit into their Account within 10 working days once their referees have fulfilled the requirements.  
10. Activation and crediting of the Referees’ Rewards:
    1. Please kindly refer to poems.com.sg/welcome-gifts
11. Referee consents to the disclosure of his or her name and referral status to the Referrer.
12. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”)
    1. Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
    2. Referees who have closed any Accounts with PSPL
    3. Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
    4. All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).  
13. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
14. 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.
15. 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.
16. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
17. This advertisement has not been reviewed by the Monetary Authority of Singapore.

T&Cs for Cash Management Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Management Account (“Referee”), from 10 March 2025 to 31 May 2025, both dates inclusive, both dates inclusive.
2. Within this context, “Referrers” refer to Customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing (“Qualified Accounts”)
3. A referral will be considered successful only when the referee fulfils all of the following: 
   1. Opens a Cash Management Account using a unique referral link generated by the referrer
   2. Opts into Excess Funds Management (SMART Park)
   3. Does not change the Account type during the promotion period
   4. Abides by the terms and conditions
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive a S$10 Stock Coupon and S$50 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts that fulfil clause 9 (regardless of Account type)
6. Only the first 10 referred Accounts (regardless of Qualified Account) will be considered as successful referrals
7. Referee consents to the disclosure of his or her name and referral status to the Referrer
8. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
   1. Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
   2. Referees who have closed any Accounts with PSPL.
   3. Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
   4. All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children). 
9. Rewards for Referrer: The Referrer will be entitled to a S$10 Stock Coupon and S$50 Cash Credit when his/her Referee:
   1. Successfully opens a Cash Management Account and opts in to Excess Funds Management (SMART Park), he/she would receive a S$10 Stock Coupon
   2. deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date, he/she would receive S$50 Cash Credit. The deposit cannot withdraw from the Account for a period of at least 30 days.
   3. Please note that the Stock Coupons and Cash Credit are non-transferable and non-withdrawable.

10. Rewards for Referee: 

• Account Opening Rewards: 
  • 0% Sales Charge on Unit Trust 
  • Free Live Prices for SGX and US Asian Hours 
  • Free Live Prices for US (NASDAQ, NYSE, AMEX), Malaysia (BURSA), Thailand (SET), Hong Kong (HKEX), and US Options for non-professionals
  • Free SGX Enhanced Market Depth Access until 30 November 2026. For more information, please refer to poems.com.sg/sgx-enhanced-market-depth.

• Fund & Trade Rewards:

• • Fund in with at least S$3,000 within 14 days of Account opening (“Initial Capital”) and execute at least 3 BUY Trades within 90 days from Account opening to receive: 
    • Amazon Fractional Share (Worth S$50)
  • Fund in with at least S$10,000 within 14 days of Account opening (“initial Capital”) and execute at least 5 BUY Trades within 90 days from Account opening to receive:
    • Amazon Fractional Share (Worth S$50)
    • Microsoft Fractional Share (Worth S$100)

9.1 Prices of the Free Shares are based on dollar-value.

9.2 BUY Trades refer to Stocks, ETFs, and Unit Trusts EXCEPT for US Fractional Shares.

9.3 The deposited funds must remain in the Account for a minimum of 30 days. They may be utilised for BUY trades but cannot be withdrawn or transferred out of the Account during this period.

• Customers must ensure that their Net Cumulative fund amount does not fall under S$3,000/S$10,000 to be eligible for the Fund & Trade Rewards based on the tier respectively. 
• Net Cumulative fund refers to accumulated fund amount calculated from the day the Customers make and maintain their initial deposit for 30 days Capital gains and losses are excluded.
• The calculation of Net Cumulative funds is done daily. All withdrawals made during the holding period will reduce the Customers’ daily Net Cumulative Deposit. 
• Once the daily Net Cumulative fund falls below S$3,000, the Customers will no longer be eligible to receive any Rewards.

9.4 BUY or SELL Trades of the same counter listed on SGX, HKEx, and Bursa respectively, 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 the available markets.

9.5 BUY or SELL of the same Unit Trust, 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. Same trading day refers to orders placed from T-1 after 3:01pm to T day at 3pm.

10. Activation and crediting of the Referrer’s Rewards:

• • S$10 Stock Coupon:
    • Referrers will be required to download and login to POEMS Mobile 3 App by 15 June 2025, in order to receive the S$10 Stock Coupon, once their referees have fulfilled the requirements. Failure to do so, will result in forfeiture of the Reward/s. 
    • The S$10 Stock Coupon will be credited into the eligible Customers’ Account in the POEMS Mobile 3 App > Me Tab > My Rewards Inventory, within 30 days of the end of the campaign. 
    • How to Use: Swipe to activate > Click on the ‘Activated – Trade Now’ button to be brought to the trade page > Stock Coupon status will change to ‘Pending’ once trade is successful
      • Once the Stock Coupon has been activated, it cannot be deactivated. 
      • If the next trade made is eligible/qualifying, then the Stock Coupon will be used.
      • The rebate, up to the contract value, will be credited to the Account holder within 10 working days after usage.
      • The coupon will expire 1 month upon issuance of the coupon.
    • Eligibility Criteria:
      • Buy stocks only
      • US and SG Market only
      • Cash trades only
    • The S$10 Stock Coupon will expire within one month upon issuing the coupon. Failure to redeem the coupon within the time period, will result in forfeiture of the Reward/s.
  • S$50 Cash Credit:
    • Referrers will receive the S$50 Cash Credit into their Account within 10 working days once their referees have fulfilled the requirements.  

1. 11. Activation and crediting of the Referees’ Rewards:
       • Account Opening Rewards:
         • 0% Sales Charge on Unit Trust will be granted upon Account opening. 
         • Free Live Prices for SGX and US Asian Hours will be granted upon Account opening.  
         • Free Live Prices for US (NASDAQ, NYSE, AMEX), Malaysia (BURSA), Thailand (SET), and US Options for non-professionals. To activate the Free Live Prices, click here.
         • Free subscription for SGX Enhanced Market Depth Access would be granted automatically.

• • • Tier 1 & Tier 2 Free Shares Reward: 
      • The Tier 1 and 2 Free Shares Reward will be credited within 10 working days after redeeming from POEMS Mobile 3 App > ‘Rewards’, once the eligible Customers have fulfilled the requirements (as detailed in 2.) 

11. 1. 1. 1.  
12. Days refer to calendar days.
13. 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.
14. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
15. 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.
16. This advertisement has not been reviewed by the Monetary Authority of Singapore. 

•  

Subscribe to NikkoAM ETFs via the Share Builders Plan and receive Cash Back with *T&Cs.

*Please read the full Terms & Conditions for the promotion below:

Cash Back Details

The promotion is limited to the first 200 SBP accounts. Eligible customers will receive S$20 Cash Back (credited to their Share Builders Plan (SBP) Ledger) for every S$300 fresh funds invested into selected NikkoAM ETFs*, with a minimum subscription period of three months with GIRO. 

FAQ

What is the SBP Cash Back promotion?

The SBP Cash Back Promotion allows participants to receive S$20 Cash Back for every S$300 fresh funds invested per month in any eligible counter for three consecutive months with GIRO.

What is the maximum Cash Back for each POEMS account?

The maximum Cash Back per SBP account is S$100.

How much Cash Back with every S$300 investment amount?

You will receive S$20 cashback after successfully completing the three consecutive months of subscription via GIRO.

If I invest in ABF SG BOND ETF with S$900 per month for 3 consecutive months subscription, will I receive S$60 Cash Back?

Yes

Month	Investment counter	Monthly Investment Amount	Investment Period	Cash Back
April 2025	ABF SG BOND ETF	S$900	3 consecutive months	S$60
May 2025	ABF SG BOND ETF	S$900
June 2025	ABF SG BOND ETF	S$900

*This example should not be considered as financial advice.

Am I eligible for the cashback if I subscribe to any eligible counters with a total of S$300 (e.g., Counter A: S$100, Counter B: S$100, Counter C: S$100) over three consecutive months via GIRO, even if I do not subscribe S$300 for each eligible counter per account?

Yes, you are eligible for the cashback because it is granted with every S$300 invested. Please refer to the example below

Month	Investment counter	Monthly Investment Amount	Investment  Period	Cash Back
April 2025	ABF SG BOND ETF	S$100	3 consecutive months	S$20
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100
May 2025	ABF SG BOND ETF	S$100
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100
June 2025	ABF SG BOND ETF	S$100
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100

*This example should not be considered as financial advice.

What are the eligible counters for this cashback promotion?

There are seven eligible counters:

• ABF Singapore Bond Index Fund
• NikkoAM-ICBCSG China Bond ETF – SGD Class
• NikkoAM-StraitsTrading MSCI China Electric Vehicles and Future Mobility ETF – SGD Class
• Nikko AM Straits Times Index ETF
• NIKKOAM SGD IG CORP BOND ETF
• NikkoAM-Straits Trading Asia ex Japan REIT ETF – SGD Class
• Amova MSCI AC Asia ex Japan ex China Index ETF

How do I get the maximum Cash Back of S$100?

To receive the maximum cashback, you must subscribe to any eligible counter with an investment of S$1,500 per month for three consecutive months via GIRO.

What happens if my GIRO deduction fails once during the three-month subscription period?

You will not be eligible for the promotion. The investment must be continuous for three months via Giro. Any missed or delayed payments will result in disqualification.

Can I change my investment to a different eligible counter during the promotion period? Eg. I invest in Nikko AM STI ETF with S$300 in the beginning and change to ABF SG BOND ETF subsequently? No, your investment will not qualify for the promotion.

Month	Investment counter	Investment Amount S$	Cash Back
April 2025	Nikko AM STI ETF	300	No S$0
May 2025	ABF SG BOND ETF	300
June 2025	ABF SG BOND ETF	300

Can I change the investment amount for the eligible counter during the 3 consecutive months subscription?

Yes, customers can increase and decrease their investment amount but if you reduce your investment during the three-month GIRO subscription period, you will not qualify for the promotion. (Refer to illustration A below)

The cashback is based on your first month’s investment. For example, if you invest S$300 in the first month, then S$600 in the second and third months, your cashback will still be S$20. (Refer to illustration B below)

illustration A

Month	Investment counter	Investment Amount S$	Cash Back
April 2025	ABF SG BOND ETF	600	S$0
May 2025	ABF SG BOND ETF	300
June 2025	ABF SG BOND ETF	300

illustration B

Month	Investment counter	Investment Amount S$	Cash Back
April 2025	ABF SG BOND ETF	300	S$20
May 2025	ABF SG BOND ETF	600
June 2025	ABF SG BOND ETF	600

customers can increase their investment amount. The cashback is based on your first month’s investment. For example, if you invest S$300 in the first month, then S$600 in the second and third months, your cashback will still be S$20.

What is an example of 3 consecutive months subscription with GIRO?

Month	Investment counter	Investment Amount S$
April 2025	ABF SG BOND ETF	300
May 2025	ABF SG BOND ETF	300
June 2025	ABF SG BOND ETF	300

When can I receive the Cash Back?

The Cash Back will be credited to your SBP account ledge approximately 30 working days from the end of your consecutive 3-month subscription period with GIRO.

If I apply for the SBP application during the promotion period but only submit the GIRO application after the promotion period, am I eligible?

No, both SBP and GIRO applications must be completed within the promotion period to qualify.

Is GIRO the only payment method for this promotion?

Yes

If my SBP account was suspended in the past six months and re-activated during the promotion period, will my funds be considered as Fresh Funds?

No

If my SBP account is terminated during the promotion period and I reapply during the promotion period, will I still be eligible for the promotion?

No

Do I qualify for the promotion if I change my subscription to another eligible counter from an existing eligible counter?

No, change of investment instructions between any eligible NIKKO AM ETF to another eligible counter will not be considered as fresh funds, and will not qualify for the Cash Back.

How to Participate

To qualify for the Cash Back, simply complete these steps:

1. Sign up for the Share Builders Plan (SBP)
   How do I sign up for the Share Builders Plan?

   If you have yet to open a POEMS Account, open one here.

   If you are an existing POEMS Account holder, simply follow these instructions:

   Online Application Submission

   1. POEMS Mobile 3 App:
      
      1. Log in to your POEMS Account
      2. Navigate to Trade > RSP > Share Builders Plan > Apply
   2. POEMS 2.0 App:
      
      1. Log in to your POEMS Account
      2. Go to the Top left menu > Regular Savings Plan > SBP > Apply
   3. POEMS Website:
      
      1. Subscribe via this link

   Step 2: Set Up GIRO for Recurring Investments
   Option 1: Submit a Physical GIRO Form

   1. Download and print the GIRO form here.
   2. Submit the original signed GIRO form to any of our conveniently located Phillip Investor Centre OR mail the form to us at:
      Attention: SBP
      250 North Bridge Road
      #06-00 Raffles City Tower
      Singapore 179101

   OR

   Option 2: Apply e-GIRO:

   1. POEMS Mobile 3 App:
      
      1. Log in to your POEMS Account
      2. Tap on the “Me” tab > eGIRO > Select SBP (Account no.) > Choose Bank > Apply
   2. POEMS Website:
      
      1. Log in to your POEMS Account
      2. Go to Acc Mgmt > Online Forms > Account Application > eGIRO > Select SBP (Account no.) > ChooseBank > Apply
2. Invest a minimum of S$300* per month in any of the eligible ETFs for three consecutive months with GIRO to qualify for the S$20 Cash Back*
   Eligibility Criteria
   1. Existing SBP Customers:
      • Customers who are already subscribed into any of the NikkoAM eligible counters, will only qualify for the Cash Back when investing an additional S$300 or more in fresh funds* in these counters; for three consecutive months with GIRO.
      • Customers who are not yet subscribed into any Nikko AM eligible counters, will qualify for the Cash Back after subscribing to at least S$300 per month in any of the eligible counters; for three consecutive months with GIRO.

      *Change of investment instructions between the NikkoAM selected counters will not be considered as fresh funds and thus, not be eligible for the promotion.
      Fresh Fund: Refer to the newly deposited investment amount into the SBP account during the promotion period.

   2. New SBP Customers:
      • Customers who are new to SBP, will qualify for the Cash Back after subscribing and investing at least S$300 per month into any of the NikkoAM eligible counters; for three consecutive months with GIRO.

SBP Counters Eligible for the promotion:

S/N	Counter Name	Counter Name on Website
1	ABF Singapore Bond Index Fund	ABF SG BOND ETF
2	NikkoAM-ICBCSG China Bond ETF - SGD Class	NAM-ICBCSG CNBS$
3	NikkoAM-StraitsTrading MSCI China Electric Vehicles and Future Mobility ETF - SGD Class	NAM-STC CHINA EV
4	Nikko AM Straits Times Index ETF	NIKKO AM STI ETF
5	NIKKOAM SGD IG CORP BOND ETF	NIKKOAM SGD IGBOND ETF
6	NikkoAM-StraitsTrading Asia ex Japan REIT ETF - SGD Class	NIKKOAM-STC A_RT
7	Amova MSCI AC Asia ex Japan ex China Index ETF	Amova Asia exJC S$

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

• Eligible Customers must invest a minimum of S$300 fresh funds per month for three consecutive months with GIRO into any of the eligible counters listed in the table above.
• The investment transaction must be made before the 18th of each month (or the next business day if the 18th falls on a non-business day) during the promotion period.
• There is a Cash Back cap of S$100 per account.
• The Cash Back will be processed approximately 30 working days after completion of the consecutive three month subscription period with GIRO.

Example 1:

Month	Investment counter	Monthly Investment Amount	Investment Period	Cash Back
April 2025	ABF SG BOND ETF	S$300	Three consecutive months	S$20
May 2025	ABF SG BOND ETF	S$300
June 2025	ABF SG BOND ETF	S$300

*This example should not be considered as financial advice.

Example 2:

Month	Investment counter	Monthly Investment Amount	Investment  Period	Cash Back
April 2025	ABF SG BOND ETF	S$100	Three consecutive months	S$20
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100
May 2025	ABF SG BOND ETF	S$100
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100
June 2025	ABF SG BOND ETF	S$100
	NIKKO AM STI ETF	S$100
	AMOVA MSCI AC Asia ex Japan ex China Index ETF	S$100

* This example should not be considered as financial advice.

• Please refer to examples 1 and 2 on the indicative cash back amount.

Period of Promotion	T&Cs		Investment  Period	Cash Back	Eligible Counters
07 April 2025 – 30 June 2025	New to SBP S$300 Subscription into any of the NikkoAM eligible counters; for three consecutive months with GIRO.	Existing SBP Customers S$300 of fresh funds* into the eligible counters ; for three consecutives Months with GIRO.	Three consecutive months subscription	Get S$20 Cash Back for every S$300 monthly subscription into any of the eligible counters during the promotion period. Eligible customer is allowed a maximum Cash Back of S$100 for each SBP account during the promotion period.	1)     ABF SG Bond ETF 2)     NAM-ICBCSG CNBS$ 3)     NAM-STC CHINA EV 4)     NIKKO AM STI ETF 5)     NIKKOAM SGD IGBond ETF 6)     NIKKOAM-STC A_RT 7)     AMOVA MSCI AC Asia ex Japan ex China Index ETF

* This example should not be considered as financial advice.

*Change of investment instructions between the NikkoAM selected counters will not be considered as fresh funds; and will not be eligible for the promotion.

Fresh Fund: Refer to the newly deposited investment amount into the SBP account during the promotion period.

You’re all set to participate in this Promotion!

View full Terms and Conditions

Disclaimers:

1. This promotion is intended for general information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. Investments are subject to investment risks including the possible loss of the principal amount invested. 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 promotion are not necessarily indicative of future or likely performance of any fund. You should read the prospectus of the respective ETFs (which is available on websites of the issuers) and understand their structure and associated risks before deciding to invest. Any opinion or view herein is made on a general basis and is subject to change without notice. You may wish to obtain advice from a financial adviser before making a commitment to purchase any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. SBP is a Regular Savings Plan and is not a deposit and not principal protected nor a capital guaranteed plan.
2. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the shares and the income from them may fall as well as rise. Past performance is not necessarily indicative of future performance. Investments in Regular Savings Plan are designed to produce returns over the medium to long term and are not suitable for short-term speculation.
3. Any opinion or view herein is made on a general basis and is subject to change without notice.
4. 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.
5. The information is correct as at the date of print and the company reserves the right to revise the charges.
6. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Enjoy
Zero Brokerage when you Trade
ESR-REIT Odd Lots

From 5 May to 30 May 2025

Enjoy
Zero Brokerage when you Trade
ESR-REIT Odd Lots

From 5 May to 30 May 2025

Trade ESR REIT (9A4U) Odd Lots Open an Account Quick Facts about ESR-REIT Unit ConsolidationESR-REIT is a leading New Economy and future-ready Asia Pacific S-REIT. Listed on SGX since 25 July 2006, ESR-REIT invests in quality income-producing industrial properties in key gateway markets. As at 31 December 2024, ESR-REIT holds interests in a diversified portfolio comprising logistics properties, high-specifications industrial properties, business parks and general industrial properties with total assets of approximately S$6.0 billion.

Please refer to the scheme of arrangement dated 10 February 2025 issued by ESR-REIT Management (S) Limited, on behalf of ESR-REIT, regarding the proposed unit consolidation of every 10 units ESR-REIT into 1 unit.

Following the consolidation, your ESR-REIT holdings with Phillip Securities (POEMS) or in CDP/CPF/SRS may now consist of odd lots.
To support you during this transition, we are pleased to offer a commission-free trading period for ESR-REIT odd lots, which enables you to either consolidate your holdings into standard lot sizes or liquidate any remaining odd lots without incurring commission charges.

For more information on the Unit Consolidation, please click here

How to Trade Unit Share?

For POEMS 2.0, 

There are 2 methods to trade Unit Share (SGX) on POEMS 2.0 Web:

Method 1: Right-click on counter

• Under the View Price widget, right click on counter to bring up the sub-menu
• In the sub-menu, select the Trade Unit Share option to open a Unit Share Market Trade ticket
• 

Method 2: SGX Unit Share sub-tab

• Under the View Price widget, click on the sub-tab SGX Unit Share
• Search for specific counters via the Add to Watchlist box – a list of suggested results will be shown
• Click to add the specific counter to the Watchlist
• 
• Alternatively, you may also search for the counter via the drop-down list available in the SGX Unit Share sub-tab
• 

*Do note that the SGX Unit Share widget has 5 separate Watchlists for you to add counters and view SGX Unit Share prices

On POEMS Mobile 3 App,

Launch POEMS Mobile 3 App and login with your Account Number & password > Head over to the Trade Tab and select the Trade Button > Type in the specific counter name and select the counter that you want to trade > Select “Limit (Unit Share)” in the Order Type drop down menu 

Terms and Conditions

1. The promotional rate is valid for both online and offline executed Odd Lots Trades of ESR-REIT Units from 5 May 2025 to 30 May 2025 (“Promotion Period”), both dates inclusive, thereafter prevailing rates apply.
2. Odd Lots Trades is
   
   • an aggregate of 99 or less Consolidated ESR-REITs Units bought in a single day; or
   • an aggregate of 99 or less Consolidated ESR-REITs Units sold in a single day.
3. The promotion is available for all Odd Lots Trades transacted in Cash, CPF, and SRS.
4. Customers will be required to pay the prevailing SGX clearing fee, SGX access fee, and the associated GST.
5. In the event of a dispute over the Customer’s eligibility to participate in this promotion, Phillip Securities Pte Ltd (“PSPL”)’s decision will be final.
6. 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 decision on all matters relating to the promotion are final and binding on all participants.
7. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions. 

Disclaimer

This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell any investment products mentioned herein. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs.
Investments are subject to investment risks including the possible loss of the principal amount invested. The value of any investments and the income from them may fall as well as rise. The risk of loss in leveraged trading can be substantial and you could lose in excess of your initial funds.
You may wish to obtain advice from a financial adviser before investing in any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement before trading in investment products.

Enjoy
Waived Brokerage Fees when you Trade
CICT Odd Lots

From 13 May to 13 June 2025

Enjoy
Waived Brokerage Fees when you Trade
CICT Odd Lots

From 13 May to 13 June 2025

Trade CICT (C38U) Odd Lots Open an Account Quick Facts about CICT Unit DistributionCapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.0 billion as at 31 December 2020.

Please refer to the scheme of arrangement dated 27 February 2025 by Capitaland Investment Limited (CLI), on behalf of CICT, regarding the proposed unit distribution of 0.031 CICT units per CLI share.

Your CICT holdings with Phillip Securities (POEMS) or in CDP/CPF/SRS may now consist of odd lots.
To support you during this transition, we are pleased to offer a commission-free trading period for CICT odd lots, which enables you to either consolidate your holdings into standard lot sizes or liquidate any remaining odd lots without incurring commission charges.

For more information on the Unit Distribution, please click here

How to Trade Unit Share?

For POEMS 2.0, 

There are two methods to trade Unit Share (SGX) on POEMS 2.0 Web:

Method 1: Right-click on the counter

• Under the “View Price” widget, right click on the counter to bring up the sub-menu
• In the sub-menu, select the Trade Unit Share option to open a Unit Share Market Trade ticket

Method 2: SGX Unit Share sub-tab

• Under the View Price widget, click on the sub-tab SGX Unit Share
• Search for specific counters via the Add to Watchlist box – a list of suggested results will be shown
• Click to add the specific counter to the Watchlist
• 

• Alternatively, you may also search for the counter via the drop-down list available in the SGX Unit Share sub-tab

*Do note that the SGX Unit Share widget has 5 separate Watchlists for you to add counters and view SGX Unit Share prices

For POEMS Mobile 3 App,

Launch POEMS Mobile 3 App and login with your Account Number & password > Head over to the Trade Tab and select the Trade Button > Type in the specific counter name and select the counter that you want to trade > Select “Limit (Unit Share)” in the Order Type drop down menu 

Terms and Conditions

1. The promotional rate is valid for both online and offline executed Odd Lots Trades of CapitaLand Integrated Commercial Trust (“CICT”) Units from 13 May 2025 to 13 June 2025 (“Promotion Period”), both dates inclusive, thereafter prevailing rates apply.
2. An Odd Lots Trade is defined as: 
   
   1. an aggregate of 99 or less CICT Units bought in a single day or 
   2. an aggregate of 99 or less CICT Units sold in a single day;
3. The promotion is available for all Odd Lots Trades transacted in Cash, CPF, and SRS.
4. Customers will be required to pay the prevailing SGX clearing fee, SGX access fee, and the associated GST.
5. In the event of a dispute over the Customer’s eligibility to participate in this promotion, Phillip Securities Pte Ltd (“PSPL”)’s decision will be final.
6. 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 decision on all matters relating to the promotion are final and binding on all participants.
7. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions. 

Disclaimer

This advertisement is intended for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell any investment products mentioned herein. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs.
Investments are subject to investment risks including the possible loss of the principal amount invested. The value of any investments and the income from them may fall as well as rise. The risk of loss in leveraged trading can be substantial and you could lose in excess of your initial funds.
You may wish to obtain advice from a financial adviser before investing in any investment products mentioned herein. In the event that you choose not to obtain advice from a financial adviser, you should consider whether the investment product is suitable for you. You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement before trading in investment products.

Earn Up to S$600 in Rewards Refer and Share with
Your Friends & Family. Generate Copy Link

Share your referral link

* Earn S$60 for each referral, up to a maximum of 10 new account holders

Start Inviting Your Friends & Family!

Generate your referral link now!

For Referrer

Steps

Rewards

Share Your Unique Referral link

Your Friends & Family Opens a POEMS Account with SMART Park Opt-in

(Excess Fund Management)

S$10

US Stock Coupon

Your Friends & Family Funds a Minimum of S$3,000

(within 14 days of Account opening & holds it for 30 days)

S$50

Cash Credit

For Referee

Steps

Rewards

Sign Up Using the Unique Referral Link

Opt-in to SMART Park

(Excess Fund Management within 14 days)

Zero US Commission (Only for Cash Plus)
Zero Sales Charge on Unit Trusts
Free SGX Market Depth
Free Live Prices on Popular Markets

Funds a Minimum of S$3,000 & Trade

(within 14 days of account opening, holds the funds for 30 days, and execute the eligible trades* within 90 days)

Free Fractional Shares

For Referrer

Steps

Rewards

Share Your Unique Referral Link

Your Friends & Family Opens a POEMS Account with SMART Park Opt-in

(Excess Fund Management)

S$10

US Stock Coupon

Your Friends & Family Funds a Minimum of S$3,000

(within 14 days of Account opening & holds it for 30 days)

S$50

Cash Credit

For Referee

Steps

Rewards

Sign Up Using the Unique Referral Link

Opt-in to SMART Park

(Excess Fund Management within 14 days)

Zero US Commission (Only for Cash Plus)

Zero Sales Charge on Unit Trusts

Free SGX Market Depth 

Free Live Prices on Popular Markets

Funds a Minimum of S$3,000 & Trade

(within 14 days of account opening, holds the funds for 30 days, and execute the eligible trades* within 90 days)

Free fractional shares

Refer Now

Rewards for Your Family & Friends

What will They get when They Open an Account?

Rewards for Your Friends & Family

What will They get when They Open an Account?

More Rewards When They Fund & Trade

Tier 1	Tier 2
Fund a minimum deposit of S$3,000 within 14 days of Account Opening. Holds the funds in the Account for 30 days. Complete 3 BUY Trades (Stocks/ETFs/Unit Trusts) within 30 days of Account Opening.	Fund a minimum deposit of S$10,000 within 14 days of Account Opening. Holds the funds in the Account for 30 days. Complete 5 BUY Trades (Stocks/ETFs/Unit Trusts) within 30 days of Account Opening.
Choose: Amazon Fractional Share OR NVIDIA Fractional Share	Choose: Amazon Fractional Share & Microsoft Fractional Share OR NVIDIA Fractional Share & Palantir Fractional Share

Tier 1	Tier 2
Fund a minimum deposit of S$3,000 within 14 days of Account Opening. Holds the funds in the Account for 30 days. Complete 3 BUY Trades (Stocks/ETFs/Unit Trusts) within 30 days of Account Opening.	Fund a minimum deposit of S$10,000 within 14 days of Account Opening. Holds the funds in the Account for 30 days. Complete 5 BUY Trades (Stocks/ETFs/Unit Trusts) within 30 days of Account Opening.
Choose: Amazon Fractional Share OR NVIDIA Fractional Share	Choose: Amazon Fractional Share & Microsoft Fractional Share OR NVIDIA Fractional Share & Palantir Fractional Share

Learn More about Welcome Gifts

Frequently Asked Questions

What will I receive when I refer a friend to POEMS?

You will receive S$10 US Stock Coupon and S$50 Cash Credit when the following has been verified:

(a) Your friend is new to Phillip Securities, has successfully opened a Cash Plus Account or Cash Management Account with Excess Funds Management (SMART Park) opt in >> You will receive S$10 US Stock Coupon

(b) Your friend funded at least S$3,000 into their Account within 14 days of Account opening and does not withdraw the funds for 30 days >> You will receive S$50 Cash Credit

Am I eligible to be a referrer/referee?

All existing POEMS Account Holders with any of the following Accounts can be referrers: 

1. Cash Plus Account
2. Margin Account
3. Cash Management Account
4. Prepaid Account
5. Custodian Account 
6. Share Financing Account

As a referee, you must not have or have had any Accounts with Phillip Securities Pte Ltd.

What is the maximum number of referrals?

You can refer up to 10 referees.

When will my referee who opened Cash Plus Account be able to enjoy Zero commission on US stocks?

Referees who opened the Cash Plus Account will receive a notification email on the activation of the Zero US Commission for 30 days Reward within 2 working days following their Account opening.

When will I as a referrer receive the S$10 US Stock Coupon and S$50 Cash Credit?

The S$10 US Stock Coupon will be redeemable within 10 working days via POEMS Mobile 3 App > Me > Rewards Inventory once your Referee has fulfilled the requirements (open Cash Plus or Cash Management Account and opts into Excess Funds Management (SMART Park))

The S$50 Cash Credit will be credited into the Referrer’s POEMS Account once it has been verified that the Referee has not withdrawn the fund for 30 days. This process may take up to 40 days following the funding date.

Is the S$10 US Stock Coupon only redeemable on POEMS Mobile 3 App? What if I am using POEMS Mobile 2.0 App?

Yes, the S$10 US Stock Coupon is only redeemable on POEMS Mobile 3. If you are using POEMS Mobile 2.0 App, please download POEMS Mobile 3 and log in to claim the Coupon. If you fail to do so by 15 September 2025, your Stock Coupon will be forfeited.

Does the referee need to enter a referral code while signing up?

No, the referee only needs to open an Account using the unique referral link you provide.

What happens if my referee forgot to use my referral link when opening an Account?

We regret that in such cases, it will not be considered as a successful referral.

What if 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 do I convert my Cash Trading Account to Cash Management Account?

Login to POEMS 2.0 Website > “Acct Mgmt” > “Stocks” > “Online Forms”. Please note that any existing GIRO facility with a Cash Trading Account has to be terminated before we can process the conversion to a Cash Management Account.

What if I have further queries?

Please contact your dealer or Trading Representative. Alternatively, you can reach our Customer Service Hotline at 6531 1555 or send an email to talktophillip@phillip.com.sg.

Terms & Conditions

T&Cs for Cash Plus Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Plus Account (“Referee”), from 1 September 2025
2. Within this context, “Referrers” refer to Customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing Accounts (“Qualified Accounts”).
3. A referral will be considered successful only when the referee fulfils all of the following: 
   1. Opens a Cash Plus Account using a unique referral link generated by the referrer
   2. Opts into Excess Funds Management (SMART Park)
   3. Does not change the Account type during the promotion period
   4. Abides by the terms and conditions
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive a S$10 US Stock Coupon and S$50 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts (regardless of Account type).
6. Only the first 10 referred Accounts (regardless of Qualified Account) will be considered as successful referrals.
7. Rewards for Referrer: The Referrer will be entitled to a S$10 US Stock Coupon and S$50 Cash Credit  when his/her Referee
   1. Successfully opens a Cash Plus Account and opts in to Excess Funds Management (SMART Park) , he/she would receive S$10 US Stock Coupon. 
   2. deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date, he/she would receive S$50 Cash Credit. The deposit cannot withdraw from the Account for a period of at least 30 days.
   3. Please note that the Stock Coupon and Cash Credit are non-transferable and non-withdrawable.
8. Rewards for Referee
   1. Referees will receive:
      1. Account Opening Rewards at poems.com.sg/welcome-gifts 
      2. Fund & Trade Rewards at poems.com.sg/welcome-gifts 
9. Activation and crediting of the Referrer’s Rewards:
   1. S$10 US Stock Coupon:
      1. Referrers will be required to download and login to POEMS Mobile 3 App, in order to receive the S$10 US Stock Coupon, once their referees have fulfilled the requirements (refer to point 3). Failure to do so, will result in forfeiture of the Reward/s. 
      2. The S$10 US Stock Coupon will be credited into the eligible Referrers’ Account in the POEMS Mobile 3 App > Me Tab > My Rewards Inventory, within the 10 working days provided that the Referrers login to POEMS Mobile 3 App and their Referees have fulfilled the requirements. 
      3. How to Use:
         1. Activate – ‘Swipe to Activate’ to apply the Coupon. 
         2. Trade – Place a trade on the Stock Coupon that meets the Eligibility Criteria. 
         3. Rebate Credited – Once the trade is completed successfully, S$10 will be credited to your Account within 2 working days. 
      4. Eligibility Criteria:
         1. Buy stocks only
         2. US Market only
         3. Cash trades only
      5. The S$10 US Stock Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for cash.
      6. The Coupon will expire 30 days from the date of issuance.
      7. Once activated, the Coupon cannot be deactivated or reissued.
      8. The S$10 US Stock Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon activation and before its expiry.
      9. The S$10 rebate, up to the contract value, will be credited to the eligible Account within 2 working days following the successful eligible trade.
      10. If the Coupon is not activated and/or a successful eligible trade is not executed within the validity period, the coupon will be forfeited, and no rebate will be issued.
      11. 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.
   2. S$50 Cash Credit:
      1. Referrers will receive the S$50 Cash Credit into their Account within 10 working days once their referees have fulfilled the requirements.  
10. Activation and crediting of the Referees’ Rewards:
    1. Please kindly refer to poems.com.sg/welcome-gifts 
11. Referee consents to the disclosure of his or her name and referral status to the Referrer.
12. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”)
    1. Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
    2. Referees who have closed any Accounts with PSPL
    3. Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
    4. All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).  
13. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
14. 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.
15. 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.
16. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
17. This advertisement has not been reviewed by the Monetary Authority of Singapore.

T&Cs for Cash Management Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Management Account (“Referee”), from 1 September 2025.
2. Within this context, “Referrers” refer to Customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing (“Qualified Accounts”)
3. A referral will be considered successful only when the referee fulfils all of the following:
   • Opens a Cash Management Account using a unique referral link generated by the referrer
   • Opts into Excess Funds Management (SMART Park)
   • Does not change the Account type during the promotion period
   • Abides by the terms and conditions
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive a S$10 US Stock Coupon and S$50 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts that fulfil clause 9 (regardless of Account type)
6. Only the first 10 referred Accounts (regardless of Qualified Account) will be considered as successful referrals
7. Referee consents to the disclosure of his or her name and referral status to the Referrer
8. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
   • Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
   • Referees who have closed any Accounts with PSPL.
   • Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
   • All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).
9. Rewards for Referrer: The Referrer will be entitled to a S$10 US Stock Coupon and S$50 Cash Credit when his/her Referee:
   • Successfully opens a Cash Management Account and opts in to Excess Funds Management (SMART Park), he/she would receive a S$10 Stock Coupon
   • deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date, he/she would receive S$50 Cash Credit. The deposit cannot withdraw from the Account for a period of at least 30 days.
   • Please note that the Stock Coupons and Cash Credit are non-transferable and non-withdrawable.
10. Rewards for Referee:
    • Account Opening Rewards:
      • 0% Sales Charge on Unit Trust
      • Free Live Prices for SGX and US Asian Hours
      • Free Live Prices for US (NASDAQ, NYSE, AMEX), HK (HKEX – app only), Malaysia (BURSA), Thailand (SET), and US Options for non-professionals. 
        • Login to POEMS 2.0 web > ‘Market Data & Rewards’ > ‘New Subscriptions’ > tick the boxes for the Live Prices > complete the subscriber agreement and submit > click ‘Submit New’ > Enter your password for confirmation. 
        • Login to POEMS Mobile 3 App > Me Tab > Market Data under Forms, section > Subscribe US (NASDAQ, NYSE, AMEX), MY (BURSA), TH (SET), HK (HKEX), and US Options
      • Free SGX Enhanced Market Depth Access until 30 November 2026. For more information, please refer to poems.com.sg/sgx-enhanced-market-depth.
    • Fund & Trade Rewards:
      • Free Fractional Share/s:
        • Choose the fractional share/s that you are qualified for:
          • Tier 1: Choose either
            • Amazon Fractional share (Worth S$50) OR
            • Nvidia Fractional share (Worth S$50)
          • Tier 2: Choose either
            • Nvidia Fractional Share (Worth S$75) and Palantir Fractional Share (Worth S$75) OR
            • Amazon Fractional Share (Worth S$75) and Microsoft Fractional Share (Worth S$75)
      • Your selected fractional share reward(s) are final upon redemption and cannot be changed.
        Upon selecting and redeeming the Free US Fractional Share Coupon via the POEMS Mobile 3 App (Me Tab > My Rewards Inventory), the selected US Fractional Shares will be credited to the eligible Customer’s account within 10 working days.
        • Customers must complete the following items in order to receive the free US Fractional shares into their Account within 30 days from Account opening:
          • Opt-in to US Fractional Shares & acknowledge the disclosure
          • W8 BEN form
          • Risk Warning Statement (RWS) form
      • The Fractional Share Coupon is valid for one-time redemption only and is non-refundable, non-transferable, and cannot be exchanged for cash.
      • The Coupon will expire 30 days from the date of issuance.
      • Once redeemed, the Coupon cannot be reissued.
      • If the Coupon is not redeemed within the validity period, the Coupon will be forfeited, and no fractional share will be credited to your Account.
      • Customers are entitled to choose one option of fractional share(s) only.
11. The deposited funds must remain in the Account for a minimum of 30 days. They may be utilised for BUY trades but cannot be withdrawn or transferred out of the Account during this period.
    • Customers must ensure that their Net Cumulative fund amount does not fall under S$3,000/S$10,000/S$50,000 to be eligible for the Fund & Trade Rewards based on the tier respectively.
    • Net Cumulative fund refers to accumulated fund amount calculated from the day the Customers make and maintain their initial deposit for 30 days Capital gains and losses are excluded.
    • The calculation of Net Cumulative funds is done daily. All withdrawals made during the holding period will reduce the Customers’ daily Net Cumulative Deposit.
    • Once the daily Net Cumulative fund falls below S$3,000, the Customers will no longer be eligible to receive any Rewards.
12. BUY or SELL Trades of the same counter listed on SGX, HKEX, and Bursa respectively, 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 the available markets.
    BUY or SELL of the same Unit Trust, 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. Same trading day refers to orders placed from T-1 after 3:01pm to T day at 3pm.
13. Activation and crediting of the Referrer’s Rewards:
    • S$10 Stock Coupon:
      • Referrers will be required to download and login to POEMS Mobile 3 App by 15 September 2025, in order to receive the S$10 Stock Coupon, once their referees have fulfilled the requirements. Failure to do so, will result in forfeiture of the Reward/s.
        The S$10 Stock Coupon will be credited into the eligible Customers’ Account in the POEMS Mobile 3 App > Me Tab > My Rewards Inventory, within 30 days of the end of the campaign.
        How to Use:
        • Activate – ‘Swipe to Activate’ to apply the Coupon.
        • Trade – Place a trade on the Stock Coupon that meets the Eligibility Criteria.
        • Rebate Credited – Once the trade is completed successfully, S$10 will be credited to your Account within 2 working days.
    • Eligibility Criteria:
      • Buy stocks only
      • US Market only
      • Cash trades only
    • The S$10 Stock Coupon is valid for one-time use only and is non-refundable, non-transferable, and cannot be exchanged for cash.
    • The Coupon will expire 30 days from the date of issuance.
    • Once activated, the Coupon cannot be deactivated or reissued.
    • The S$10 Stock Coupon will be automatically applied to the first successful eligible trade executed, after the Coupon activation and before its expiry.
    • The S$10 rebate, up to the contract value, will be credited to the eligible Account within 2 working days following the successful eligible trade.
    • If the Coupon is not activated 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.
14. S$50 Cash Credit:
    • Referrers will receive the S$50 Cash Credit into their Account within 10 working days once their referees have fulfilled the requirements.
15. Activation and crediting of the Referees’ Rewards:
    • Account Opening Rewards:
      • 0% Sales Charge on Unit Trust will be granted upon Account opening.
      • Free Live Prices for SGX and US Asian Hours will be granted upon Account opening.
      • Free Live Prices for US (NASDAQ, NYSE, AMEX), HK (HKEX – app only), Malaysia (BURSA), Thailand (SET), and US Options for non-professionals. 
        • Login to POEMS 2.0 web > ‘Market Data & Rewards’ > ‘New Subscriptions’ > tick the boxes for the Live Prices > complete the subscriber agreement and submit > click ‘Submit New’ > Enter your password for confirmation. 
        • Login to POEMS Mobile 3 App > Me Tab > Market Data under Forms, section > Subscribe US (NASDAQ, NYSE, AMEX), MY (BURSA), TH (SET), HK (HKEX), and US Options
      • Free subscription for SGX Enhanced Market Depth Access would be granted automatically.
    • Tier 1 & Tier 2 Free Shares Reward:
      • The Tier 1 and 2 Free Shares Reward will be credited within 10 working days after redeeming from POEMS Mobile 3 App > ‘Rewards’, once the eligible Customers have fulfilled the requirements.
16. Days refer to calendar days.
17. 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.
18. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
19. 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.
20. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Refer Your Family & Friends, and Receive Cash Credit up to S$680* * Earn S$68 for each referral, up to a maximum of 10 new Account Holders Your Referee will Enjoy Free Trading & Live Prices, and Free US Shares Refer Your Family & Friends, and Receive Cash Credit up to  S$680* *Refer to 10 new Account holders

Start Inviting Your Friends & Family!

Generate your referral link now! Rewards for Your Family & Friends Account Opening Rewards Rewards for Your Family & Friends Account Opening Rewards

Fund & Trade Rewards

Make a Deposit, and Buy Stocks/ ETFs/ Unit Trusts to Receive Attractive Rewards

Tier 1

Deposit S$3,000 + 3 BUY Trades

US$20 Worth of Free Shares

8,888 POEMS Coins

• Make an initial deposit of at least S$3,000 within 14 days of Account opening.
• Hold the funds in your Account for at least 30 days without withdrawal.
• Execute at least 3 BUY Trades of Stocks/ ETFs/ Unit Trusts within 90 days of Account opening.

Tier 2

Deposit S$10,000 + 5 BUY Trades

US$88 Worth of Free Shares

10,888 POEMS Coins

• Make an initial deposit of at least S$10,000 within 14 days of Account opening.
• Hold the funds in your Account for at least 30 days without withdrawal.
• Execute at least 5 BUY Trades of Stocks/ ETFs/ Unit Trusts within 90 days of Account opening.

Based on dollar-value

Bonus

(For Cash Plus Accounts only)

*Capped at S$50,000 and for a 30 days period. Reach a min. of S$20,000 within the first 14 days of Account Opening

How It Works

You (Referrer)

Existing POEMS Account Holder

1. Share your referral link.
2. Your friend uses your referral link to open  an Account. Kindly note that your friend must be NEW to Phillip Securities to qualify.
3. Your friend funds at least S$3,000 to the Account within 14 days of Account Opening with a holding period of 30 days.

Your Friends (Referee)

New to Phillip Securities

1. Opens an Account with your unique link and opt-in to Excess Funds Management (SMART Park).  Afterwhich, they can redeem the Account Opening Reward.
2. By funding at least S$3,000 to the Account within 14 days of Account opening (without withdrawing the funds for 30 days)

For Referees, who open a Cash Plus Account, they can enjoy $0 US commission for 30 days.

You (Referrer) Existing POEMS Account Holder

1. Share your referral link
2. Your friend uses your referral link to open an Account *Your friend must be NEW to Phillip Securities
3. Your friend funds at least S$3000 to the Account within 14 days of Account Opening with a holding period of 30 days.

Your Friends (Referee) New to Phillip Securities

1. Opens an Account with your unique link and opt-in to Excess Funds Management (SMART Park).  They can redeem Account Opening Reward above.
2. Upon funding at least S$3,000 to the Account within 14 days of Account Opening (without withdrawing the funds for 30 days) and make at least 3 BUY Trades of Stocks/ ETFs/ Unit Trusts within 90 days of Account opening, they can redeem Fund and Trade Rewards above.

Referees, who open a Cash Plus Account, can enjoy $0 US Commission for 30 days.

Start Inviting Your Friends & Family!

Send your personalised referral link to your friend! Generate Copy Link Share your referral link

Frequently Asked Questions

What will I receive when I refer a friend to POEMS? You will receive a S$68 Cash Credit when the following has been verified: (a) Your friend is new to Phillip Securities, has successfully opened a Cash Plus Account or Cash Management Account, and has opted in to Excess Funds Management (SMART Park) (b) Your friend has funded at least S$3,000 into their Account within 14 days of Account opening. (c) Your friend does not withdraw the funds for 30 days Am I eligible to be a referrer/referee? All existing POEMS Account Holders with any of the following Accounts can be referrers:

1. Cash Plus Account
2. Margin Account
3. Cash Management Account
4. Prepaid Account
5. Custodian Account
6. Share Financing Account

As a referee, you must not have or have had any Accounts with Phillip Securities Pte Ltd. What is the maximum number of referrals? You can refer up to 10 referees. When will my referee be able to enjoy Zero commission on US stocks? Referees will receive a notification email on the activation of the Zero US Commission for 30 days Reward within 2 working days following their Account opening. When will I receive the S$68 Cash Credit? The S$68 Cash Credit will be credited into the Referrer’s POEMS Account once it has been verified that the Referee has not withdrawn the fund for 30 days. This process may take up to 40 days following the funding date. Does the referee need to enter a referral code while signing up? No, the referee only needs to open an Account using the unique referral link you provide. What happens if my referee forgot to use my referral link when opening an Account? We regret that in such cases, it will not be considered as a successful referral. What if 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 do I convert my Cash Trading Account to Cash Management Account? Login to POEMS 2.0 Website > “Acct Mgmt” > “Stocks” > “Online Forms”. Please note that any existing GIRO facility with a Cash Trading Account has to be terminated before we can process the conversion to a Cash Management Account. What if I have further queries? Please contact your dealer or Trading Representative. Alternatively, you can reach our Customer Service Hotline at 6531 1555 or send an email to talktophillip@phillip.com.sg.

Terms & Conditions

T&Cs for Cash Plus Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Plus Account (“Referee”), from 26 December 2024 to 28 February 2025, both dates inclusive.
2. Within this context, “Referrers” refer to Customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing Accounts (“Qualified Accounts”).
3. A referral will only be considered successful when the Referee opens a Cash Plus Account using a unique referral link generated by Referrer, opts in to Excess Funds Management (SMART Park) and fulfils these terms and conditions.
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive S$68 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts (regardless of Account type).
6. Only the first 10 referred Accounts (regardless of Account type) will be considered as successful referrals.
7. Referee consents to the disclosure of his or her name and referral status to the Referrer.
8. Rewards for Referrer
   1. The Referrer will be entitled to a S$68 Cash Credit when his/her Referee
      1. Successfully opens a Cash Plus Account, opts in to Excess Funds Management (SMART Park) and deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date.
      2. Does not withdraw this minimum amount for a period of at least 30 days
      3. Please note that the credits are non-transferable and non-withdrawable.
9. Rewards for Referee
   1. Referees will receive:
      1. Account Opening Rewards at poems.com.sg/welcome-gifts
      2. Fund & Trade Rewards at poems.com.sg/welcome-gifts
      3. SMART Park 5% p.a. Guaranteed Returns at poems.com.sg/welcome-gifts
10. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”)
    1. Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
    2. Referees who have closed any Accounts with PSPL
    3. Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
    4. All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).
11. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
12. 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.
13. 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.
14. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
15. This advertisement has not been reviewed by the Monetary Authority of Singapore.

T&Cs for Cash Management Account Referral Programme

1. Referral Programme (“Programme”) is valid for existing POEMS Account holders (“Referrer”) who refer Customer(s) new to Phillip Securities Pte Ltd (“PSPL”) to open a Cash Management Account (“Referee”), from 26 December 2024 to 28 February 2025, both dates inclusive.
2. Within this context, “Referrers” refer to customers with any of the following Accounts: Cash Plus, Cash Management, Margin, Prepaid, Custodian or Share Financing (“Qualified Accounts”)
3. A referral will be considered successful only when the referee fulfils all of the following:
   • Opens a Cash Management Account using a unique referral link generated by the referrer
   • Opts into Excess Funds Management (SMART Park)
   • Does not change the account type during the promotion period
   • Abides by the terms and conditions
4. If the Referee uses referral link(s) to open multiple Accounts, only the first successfully opened and funded Account will be considered as successful referral.
5. Referrers will only receive S$68 Cash Credit ONCE for each unique Referee, even if the Referee opens multiple Accounts that fulfil clause 12 (regardless of Account type)
6. Only the first 10 referred Accounts (regardless of Account type) will be considered as successful referrals
7. Referee consents to the disclosure of his or her name and referral status to the Referrer
8. The following Customers are NOT eligible for this Programme unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
   1. Referees who have any type of existing Accounts with PSPL, including joint and corporate Accounts.
   2. Referees who have closed any Accounts with PSPL.
   3. Referrers and Referees who have already benefited from or will benefit from similar programmes or promotions, including PhillipCFD’s Refer A Friend.
   4. All employees of PhillipCapital’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).
9. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final.
10. 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
11. By taking part in this promotion, the participant acknowledges that he/she has read and consented to these Terms & Conditions.

>> Rewards for Referrer: 12. The Referrer will be entitled to a S$68 Cash Credit when his/her Referee: – Successfully opens a Cash Management Account, opts in to Excess Funds Management (SMART Park) and deposits at least S$3,000 into the Account within 14 calendar days from the Account opening date. – Does not withdraw this minimum amount for a period of at least 30 days. – Please note that the credits are non-transferable and non-withdrawable. >> Rewards for Referee: Referees will receive: 13. Account Opening Rewards:

• 0% Sales Charge on Unit Trust
• Free Live Prices for SGX and US Asian Hours
• Free Live Prices for US (NASDAQ, NYSE, AMEX), Malaysia (BURSA), Thailand (SET), and US Options for non-professionals
• Free SGX Enhanced Market Depth Access until 30 November 2026.  For more information, please refer to poems.com.sg/sgx-enhanced-market-depth.

14. Fund & Trade Rewards: Fund in with at least S$3,000 within 14 days from Account opening and execute at least 3 BUY Trades within 90 days from Account opening to receive:

• Fractional Shares Coupons (value US$20)
  • Coca Cola (Worth US$10)
  • NVIDIA (Worth US$10)
• POEMS Coins: 8,888 (Worth S$8.88)

Fund in with at least S$10,000 within 14 days from Account opening and execute at least five BUY Trades within 90 days from Account opening to receive:

• Fractional Shares Coupons (value US$88)
  • Coca Cola (Worth US$22)
  • NVIDIA (Worth US$22)
  • McDonalds (Worth US$22)
  • Meta (Worth US$22)
• POEMS Coins: 10,888 (Worth S$10.88)

14.1 Prices of the Free Shares are based on dollar-value. 14.2 BUY Trades refer to Stocks, ETFs, and Unit Trusts EXCEPT for US Fractional Shares. 14.3 The deposited funds must remain in the Account for a minimum of 30 days. They may be utilised for BUY trades but cannot be withdrawn or transferred out of the Account during this period.

• Customers must ensure that their Net Cumulative fund amount does not fall under S$3,000/S$10,000 to be eligible for the Fund & Trade Rewards based on the tier respectively.
• Net Cumulative fund refers to accumulated fund amount  calculated from the day the Customers make and maintain their initial deposit for 30 days Capital gains and losses are excluded.
• The calculation of Net Cumulative funds is done daily. All withdrawals made during the holding period will reduce the Customers’ daily Net Cumulative Deposit.
• Once the daily Net Cumulative fund falls below S$3,000, the Customers will no longer be eligible to receive any Rewards.

14.4 BUY or SELL Trades of the same counter listed on SGX, HKEx, and Bursa respectively, 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 the available markets. 14.5 BUY or SELL of the same Unit Trust, 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. Same trading day refers to orders placed from T-1 after 3:01pm to T day at 3pm.

15. Activation and Crediting of Rewards:

15.1. Account Opening Rewards:

• 0% Sales Charge on Unit Trust will be granted upon Account opening.
• Free Live Prices for SGX and US Asian Hours will be granted upon Account opening.
• Free Live Prices for US (NASDAQ, NYSE, AMEX), Malaysia (BURSA), Thailand (SET), and US Options for non-professionals. To activate the Free Live Prices, click here

• Free subscription for SGX Enhanced Market Depth Access would be granted automatically

15.2. Tier 1 & Tier 2 Free Shares Reward: The Tier 1 and 2 Free Shares Reward will be credited within 10 working days after redeeming from POEMS Mobile 3 App > ‘Rewards’, once the eligible Customers have fulfilled the requirements (as detailed in 2.)

• based on the date that you fulfil the requirements and
• You must complete the following items in order to receive the free US Fractional shares into their Account within 90 days from Account opening:
  • Opt-in to US Fractional Shares & acknowledge the disclosure
  • W8 BEN form
  • Risk Warning Statement (RWS) form 
• Customers are required to claim the Tier 1 and Tier 2 Free Shares Reward within 30 days of  becoming eligible. Failure to do so, will result in the forfeiture of the reward.

16. Days refer to calendar days. 17. 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. 18. In the event of a dispute over the Customer’s eligibility to participate in this promotion, PSPL’s decision will be final. 19. The following Customers are NOT eligible for this promotion unless approved by the management of PSPL:

• • Customers who have any existing Accounts with PSPL
  • Customers who have closed any Accounts with PSPL before
  • Corporate Accounts and Joint Account holders
  • All employees of PSPL’s entities and its partners (e.g., trading representatives, financial advisors) and their immediate families (e.g., spouse and children).

20. 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. 21. This advertisement has not been reviewed by the Monetary Authority of Singaporer