Enhancing your trading experience: Further reduction in SG market brokerage for your Cash Plus account! October 3, 2023

Enhancing your trading experience: Further reduction in SG market brokerage for your Cash Plus account!

In a dynamic financial landscape, adaptability is the name of the game. At Phillip Securities, a member of PhillipCapital, we have always prided ourselves on being at the forefront of market trends, with tailored services to better serve our clients. On that note, we’re excited to share this significant update that reaffirms our commitment to your success – a reduction in our Cash Plus Brokerage Fees!

The New Rates:

Effective from 2 Oct 2023, we will be adjusting our brokerage fees for the Singapore Market as follows:

Enhancing your trading experience: Further reduction in SG market brokerage for your Cash Plus account!

How This Impacts Your Future Trades:

With lower brokerage fees, you gain the flexibility to fine-tune your trading strategies. Frequent traders will see a noticeable reduction in transaction costs, while long-term investors will enjoy improved returns on their overall portfolio. These lower fees also make it more appealing to hold onto your investments for extended periods, maximising your potential gains.

For Example:

With S$200,000 in your Cash Plus account, you would qualify for the Premier Tier Brokerage Rate at 0.07%, with no minimum commission. With a single trade of S$100,000, your brokerage fees would be S$70. However, do note that there would be account maintenance and foreign share custody charges if you do not make any trades for three months.

On the other hand, by topping up another S$50,000 into your account, you would be able to reach the Privilege Tier where a $100,000 contract would let you enjoy a brokerage rate of S$60 for Singapore Market, US$1.88 for US Market and HK$50 for Hong Kong Market. For this tier, account maintenance and foreign shares custody charges as well as cash dividend processing fees for SGX would be automatically waived for qualified clients.

Hence, with the lower rates on the Premier and Privilege Tier, you stand to save S$10 and S$20 respectively!

Enhancing your trading experience: Further reduction in SG market brokerage for your Cash Plus account!

Why Phillip Securities Remains Your Ideal Partner:

With the new rates, you stand to gain a competitive edge regardless of whether you are an active trader or a long-term investor. The reduced rates will let you retain more of your earnings as lower brokerage fees will give substantial cost savings over time. These savings can significantly boost your overall portfolio performance and provide you with the financial freedom to explore new avenues of investments and diversification.

Apart from offering these lower rates to you, we remain committed and steadfast in our endeavor to provide you with exceptional customer service. Our team is dedicated to supporting your financial journey and ensuring you have all the tools you need for success.

We hope this information can help you plan better. Please visit here if you are ready to open an account with us! If you are still unsure on which account type suits you best, you may contact your Trading Representative or Dealing Team. Alternatively, you can contact our Customer Experience Unit at 65311555 or email us at talktophillip.com.sg.

Happy Trading!


This material is provided to you for general information only and does not constitute a recommendation, an offer or solicitation to buy or sell the investment product mentioned. It does not have any regard to your specific investment objectives, financial situation or any of your particular needs.

Accordingly, no warranty whatsoever is given and not liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of your acting based on this information. Investments are subject to investment risks.

The risk of loss in leveraged trading can be substantial. You may sustain losses in excess of your initial funds and may be called upon to deposit additional margin funds at short notice. If the required funds are not provided within the prescribed time, your positions may be liquidated.

The resulting deficits in your account are subject to penalty charges. The value of investments denominated in foreign currencies may diminish or increase due to changes in the rates of exchange.

You should also be aware of the commissions and finance costs involved in trading leveraged products. This product may not be suitable for clients whose investment objective is preservation of capital and/or whose risk tolerance is low.

Clients are advised to understand the nature and risks involved in margin trading. 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 qualifies 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.

You are advised to read the trading account Terms & Conditions and Risk Disclosure Statement (available online at www.poems.com.sg) before trading in this product. Any CFD offered is not approved or endorsed by the issuer or originator of the underlying securities and the issuer or originator is not privy to the CFD contract. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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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 <www.phillipfunds.com> for more information in relation to the dividend distributions.  

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

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

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


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