Margin Trading


Let your assets work harder for you!

Transfer your cash or shares to your newly opened Margin (M) Account to enjoy exclusive rates*:

4.8% p.a.*


5.88% p.a.*


5.58% p.a.*


0.18% or S$25 minimum commission for Singapore listed shares

0.18% or US$20 minimum commission for US listed shares

0.18% or HK$100 minimum commission for Hong Kong listed shares

No Account Maintenance Fee and Dividend Handling Fee*

Steps to open Margin (M) Account for existing account holder

1 Login to your POEMS Account

2 Click on ‘Acct Mgmt’ tab

3 On the left panel, select ‘Online Forms’

4 Click on ‘Margin Account Opening’ sub-tab

5 Fill up the form accordingly and click ‘Submit’

Don’t have an account?

Alternatively, visit any of our Phillip Investor Centres ot contact your trading representives.

Terms & Conditions for Shares Financing, Commission Rate Promotion for new Margin Accounts:

  1. Promotion is applicable for new Margin (M) Accounts opened from 1 January to 30 June 2024 (both dates inclusive) (“Eligible Accounts”)
  2. For Eligible Accounts with financing (optional), promotional financing rate is 4.8% p.a. for SGD, 5.88% p.a. for USD and 5.58% p.a. for HKD.
  3. All Eligible Accounts can enjoy promotional online brokerage rates via POEMS platforms, of:
    1. 0.18% or S$25 minimum commission for Singapore listed shares
    2. 0.18% or US$20 minimum commission for US listed shares
    3. 0.18% or HK$100 minimum commission for Hong Kong listed shares
  4. Promotional rates are valid from 1 January to 30 June 2024 (both dates inclusive); thereafter prevailing rates apply.
  5. For new Eligible Accounts opened, Customers have to opt in for Multi-Currency Facility, Excess Funds Management Facility and the opening of a Securities Borrowing and Lending Account to be eligible for the promotion.
  6. After the promotional period, all Eligible Accounts will be subjected to our rate renewal exercise. During this exercise, rates will be renewed based on the prevailing interest rate environment, quality of shares in your portfolio and your trading activity.

Additional waiver for Eligible Accounts

  1. Waiver of Cash Dividend Handling Fee for SGX listed shares till 31 December 2024.
  2. Waiver of Account Maintenance Fee till 31 December 2024.

General Conditions:

  1. The following customers are not eligible for this promotion:
    1. Customers with existing Margin (M) or Share Financing (V) Accounts opened prior to 1 January 2024
    2. Customers who close their Margin (M) or Share Financing (V) Accounts after 1 January 2024
  2. Transferring of shares from existing Accounts to Eligible Accounts will be subjected to S$65.40 handling fee per counter.
  3. Transferring of shares out of Eligible Accounts during the period of 1 January to 30 June 2024 (both dates inclusive) will be subjected to S$65.40 handling fee per counter.
  4. The following persons are not eligible to participate in this promotion unless approved by the management of Phillip Securities Pte Ltd (“PSPL”):
    1. PSPL institutional Customers and corporate Customers
    2. PSPL account holders whose accounts have been suspended, cancelled or terminated
    3. PSPL individual Customers with single counter value of more than 2 million
  5. All employees of PSPL and its associated entities (e.g. Trading Representatives, Financial Advisors); PSPL and all its subsidiaries (direct or indirect) are not eligible for this promotion.
  6. Notwithstanding anything herein contained, PSPL reserves the right at any time in its absolute discretion to (i) amend, add and / or delete any time of these Terms & Conditions without prior notification (including eligibility and qualifying terms and criteria), and all participants shall be bound by such amendments, additions and / or deletions when effected, or (ii) vary, withdraw, or cancel any items or the promotion without having to disclose a reason thereof and without any compensation or payment whatsoever. PSPL’s decision on all matters relating to the promotion shall be final and binding on all participants.
  7. By taking part in this promotion, the customer acknowledges that he/she has read and consented to these Terms & Conditions.

Contact us to Open an Account

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

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

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

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

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

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

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

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


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