Trade SGX-listed ETFs with no minimum commission

We are happy to announce that customers can enjoy trading SGX-listed ETFs with no minimum commissions.

With the reduction of SGX-listed ETFs lot size to 1 with effect from 17 Jan 2022, you can start your ETF investment from as little as 1 unit with no minimum commission.

Example 1: Customer invests $3000 in an ETF that has a price of $1.00 per share.

Before 03/02/2022 Now
SGX-listed ETF traded price: S$1.00 S$1.00
Quantity Purchased: 3,000 units 3,000 units
Gross Amount: S$3,000 S$3,000
Commission : S$25

(Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below SGD50k)
S$8.40 (0.28% x $3,000)

(Fees calculated at 0.28%, for Cash Management Account with contract value below SGD50k)
Commission Saved::

Example 2: Customer invests $300 in an ETF that has a price of $2.50 per share.

Before 03/02/2022 Now
SGX listed ETF traded price: S$2.50 S$2.50
Quantity Purchased: 120 units 120 units
Gross Amount: S$300 S$300
Commission : S$25

(Fees calculated at 0.28% or minimum S$25, for Cash Management Account with contract value below SGD50k)
S$0.84 (0.28% x $300)

(Fees calculated at 0.28%, for Cash Management Account with contract value below SGD50k)
Commission Saved::

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

What does this mean for you as an investor?

  1. Lower cost of trading
    With the removal of the minimum commission, you can now maximise your investment dollars and invest them into more than 30 ETFs listed on SGX. Use our POEMS ETF Screener to locate the ETFs best suited to your investment needs.
  2. Make full use of Dollar Cost Averaging (DCA)
    With a lower cost of trading, you can now incorporate Dollar Cost Averaging (DCA) where you spread out the purchases over time instead of a lump sum purchase. You can read about the benefits of DCA here. Over at POEMS, we made it even easier for you with our Recurring Plan; plan your regular investments in a highly flexible manner such as choosing the frequency (daily, weekly, monthly and so on).
  3. More on the Recurring Plan
    On the POEMs app/ POEMs desktop, open the Recurring Plan widget. There are 2 ways you can create a Recurring Plan.

Method 1 (Step 1):

Search for your desired counter that you wish to set a Recurring Plan for. Right click on the selected counter and select “Set as Recurring Plan”

Method 2 (Step 1):

Create a new widget and search for “recurring”. Select the “Recurring Plan” and search for the counter using the search bar.

Step 2:

Key in the value, frequency, start date and end date of the Recurring Plan that you wish to place. Key in your password and submit.

Step 3:

Check the order status under the “Recurring Plan Status” widget to ensure that the details are correct

Step 4:

Click on the Parent Order number to view details of the Child Order status. The Child Order status will indicate “Triggered” if the order has been successfully sent to the market on the actual trigger date.

Step 5:

Open the Order Status widget to view the quantity and actual price executed for the Child Order. The contract will be created the next day, and you will be able to view it under the Account Management Widget.

If you have further enquiries, please contact your trading representative or make an appointment to visit the nearest Phillip Investor Centres near you.

Alternatively, you can email us at or visit our ETF page.

Terms and Conditions for “No minimum commission for SGX listed Exchange Traded Funds (“ETFs”)” Promotion:

  1. No minimum commission rates for SGX-listed ETFs are applicable for all POEMS Trading Accounts from 3 Feb 2022 onwards. For standard rates, please refer to the respective account pricing.
  2. This promotion is only applicable for ONLINE trades traded through POEMS suite of platforms available on SGX listed ETFs.
  3. Applicable for Cash, CPF and SRS trades.
  4. The following persons are not eligible to participate in those promotions 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. All employees of PSPL and its associated entities; PSPL and all its subsidiaries
  5. 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.
  6. In the event of a dispute over the client’s eligibility to participate in this Promotion, PSPL’s decision will be final. PSPL shall not be obliged to give any reason on any matter concerning the Promotion and no correspondence or claims will be entertained.
  7. By taking part in this promotion, Customer acknowledges that he/she has read and consented to these Terms & Conditions.

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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