Margin Trading

Stock Brokerage Fee

Margin Account Infosheet

Online Rates

Promotional Online brokerage rates for new Margin Accounts:

  • 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
Markets Rates Minimum
Singapore
Contract Value < SGD 50k		 0.28% SGD25
Singapore
Contract Value SGD 50k – 100k		 0.22% SGD25
Singapore
Contract Value > SGD 100k		 0.18% SGD25
US 0.3% USD20
Hong Kong / Hong Kong pre-IPO 0.25% HKD100
Shanghai A/ Shenzhen A 0.25% CNY88
Shanghai B – –
Shenzhen B – –
Taiwan – –
Thailand 0.35% THB500
Malaysia 0.50% MYR60
Indonesia 0.35% SGD25
Philippines – –
Japan 0.50% JPY3,000
South Korea – –
Vietnam – –
UK 0.40% GBP25
France – –
Germany 0.40% EUR35
Belgium/ Netherlands/ Portugal – –
Canada – –
Australia 0.40% AUD40
Turkey 0.35% TRY50

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Markets Rates Minimum
Singapore
Contract Value < SGD 50k		 0.50% SGD40
Singapore
Contract Value SGD 50k – 100k		 0.40% SGD40
Singapore
Contract Value > SGD 100k		 0.25% SGD40
US 0.5% USD25
Hong Kong / Hong Kong pre-IPO 0.30% HKD150
Shanghai A/ Shenzhen A 0.30% CNY150
Shanghai B 0.50% USD35
Shenzhen B 0.50% HKD200
Taiwan 0.40% TWD1000
Thailand 0.75% THD750
Malaysia 1.00% MYR80
Indonesia 0.50%
(Additional 22,000 IDR per odd lot order)		 IDR280,000
Philippines 0.50% PHP1800
Japan 0.60% JPY3,000
South Korea 0.40% KRW20,000
Vietnam 0.40% VND800,000
UK 0.60% GBP35
France 0.40% EUR35
Germany 0.40% EUR35
Belgium/ Netherlands/ Portugal 0.40% EUR35
Canada 0.40% CAD35
Australia 0.80% AUD60
Turkey 0.35% TRY50

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Account Maintenance Fee (SGX) S$15.00 (subject to GST) per quarter is chargeable based on March, June, September and December month-end Account balance.
Waiver conditions: at least 1 trade per quarter for the Account or meeting criteria at www.poems.com.sg/share-financing.
Foreign Share Custody Charges S$2 per counter per month (subject to max S$150 per quarter)
Waiver Condition: 2 trades per month or 6 trades per quarter or minimum S$132 brokerage per quarter

Debit Balance Interest
SGD 6.00% p.a.
USD 7.00% p.a.
HKD 7.00% p.a.
JPY 4.20% p.a.
AUD 8.75% p.a.
GBP 4.50% p.a.
EUR 7.00% p.a.
CAD 7.00% p.a.
CNY 8.25% p.a.
MYR No debit balance allowed

Types of services Charges
Cash Dividend (SGX) Waived*
Cash Dividend (others) 1% on net dividend, minimum of S$1.00 and capped at S$50.00 (subject to GST) + Foreign fees and taxes (if applicable)
Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion S$10.00 (subject to GST) + Foreign broker fees and taxes (if applicable)

Share Financing Account Infosheet

Online Rates

Markets Rates Minimum
Singapore
Contract value < SGD50k		 0.28% SGD25
Singapore
Contract value SGD50k – SGD100k		 0.22% SGD25
Singapore
Contract value > SGD100k		 0.18% SGD25
United States 0.3% USD20
Hong Kong / Hong Kong pre-IPO 0.25% HKD100
Shanghai A / Shenzhen A 0.25% RMB88
Shanghai B – –
Shenzhen B – –
Taiwan – –
Thailand 0.35% THB500
Malaysia 0.50% MYR60
Indonesia 0.35% SGD25
Philippines – –
Japan 0.50% JPY3,000
South Korea – –
Vietnam – –
UK 0.40% GBP25
France – –
Germany 0.40% EUR35
Belgium/ Netherlands/ Portugal – –
Canada – –
Australia 0.40% AUD40
Turkey 0.35% TRY50

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Markets Rates Minimum
Singapore
Contract Value < SGD 50k		 0.50% SGD40
Singapore
Contract Value SGD 50k – 100k		 0.40% SGD40
Singapore
Contract Value > SGD 100k		 0.25% SGD40
US 0.5% USD25
Hong Kong / Hong Kong pre-IPO 0.30% HKD150
Shanghai A/ Shenzhen A 0.30% CNY150
Shanghai B 0.50% USD35
Shenzhen B 0.50% HKD200
Taiwan 0.40% TWD1000
Thailand 0.75% THD750
Malaysia 1.00% MYR80
Indonesia 0.50%
(Additional 22,000 IDR per odd lot order)		 IDR280,000
Philippines 0.50% PHP1800
Japan 0.60% JPY3,000
South Korea 0.40% KRW20,000
Vietnam 0.40% VND800,000
UK 0.60% GBP35
France 0.40% EUR35
Germany 0.40% EUR35
Belgium/ Netherlands/ Portugal 0.40% EUR35
Canada 0.40% CAD35
Australia 0.80% AUD60
Turkey 0.35% TRY50

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Account Maintenance Fee (SGX) S$15 per quarter (Quarterly trading activity is assessed at Mar, Jun, Sep, and Dec month end)
Waiver Condition: At least 1 trade per quarter for the account
Foreign Share Custody Charges S$2 per counter per month (subject to max S$150 per quarter)
Waiver Condition: 2 trades per month or 6 trades per quarter or minimum S$132 brokerage per quarter

Debit Balance Interest*
SGD 7.00% p.a.
USD 6.00% p.a.
HKD 7.00% p.a.
GBP 4.50% p.a.
CNY 8.25% p.a.
*Phillip Financial reserves the right to change the rates without prior notice.

Cash Plus Account Infosheet

Online Rates

Asset Value

Markets

 Starter Premier Privilege
SGD 0 – SGD 29,999 SGD 30,000 – SGD 249,999 SGD 250,000 and above
Rates Minimum Rates Minimum Rates Minimum
Singapore 0.08%, No Min Comm 0.07%, No Min Comm 0.06%, No Min Comm
United States USD3.88 USD2.88 USD1.88
Hong Kong 0.08% HKD30 0.06% HKD20 0.05% HKD15
China 0.15% CNH80 0.12% CNH60 0.08% CNH50
Australia 0.18% AUD25 0.15% AUD20 0.12% AUD15
United Kingdom 0.18% GBP20 0.15% GBP15 0.12% GBP10
Germany 0.18% EUR20 0.15% EUR12 0.12% EUR8
Japan 0.18% JPY1500 0.15% JPY1200 0.12% JPY1000
Malaysia NEW! 0.12% MYR30 0.10% MYR25 0.08% MYR8.80
Thailand 0.18% THB500 0.15% THB400 0.12% THB300
Indonesia 0.18% IDR250,000 0.15% IDR200,000 0.12% IDR150,000
Turkey 0.18% TRY80 0.15% TRY60 0.12% TRY50
Other Markets As published As published As published

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Please refer to www.poems.com.sg/cash-plus for more information

Markets Rates Minimum
Singapore
Contract Value < SGD 50k		 0.50% SGD40
Singapore
Contract Value SGD 50k – 100k		 0.40% SGD40
Singapore
Contract Value > SGD 100k		 0.25% SGD40
US 0.5% USD25
Hong Kong / Hong Kong pre-IPO 0.30% HKD150
Shanghai A/ Shenzhen A 0.30% CNY150
Shanghai B 0.50% USD35
Shenzhen B 0.50% HKD200
Taiwan 0.40% TWD1000
Thailand 0.75% THD750
Malaysia 1.00% MYR80
Indonesia 0.50%
(Additional 22,000 IDR per odd lot order)		 IDR280,000
Philippines 0.50% PHP1800
Japan 0.60% JPY3,000
South Korea 0.40% KRW20,000
Vietnam 0.40% VND800,000
UK 0.60% GBP35
France 0.40% EUR35
Germany 0.40% EUR35
Belgium/ Netherlands/ Portugal 0.40% EUR35
Canada 0.40% CAD35
Australia 0.80% AUD60
Turkey 0.35% TRY50

Find out Singapore Exchange Fee and Other Charges

Note: All fees and charges are subject to Goods & Services Tax (GST). Fees & charges may be subject to changes without prior notice.

Starter Premier Privilege
Account Maintenance Fee (SGX) Waived1 Waived1 Waived
Foreign Share Custody Charges Waived2 Waived2 Waived
1Waiver condition is at least 1 trade per quarter for the Account. Otherwise, S$15.00 (subject to GST) per quarter is chargeable based on March, June, September and December month-end Account balance.
2Waived for US and HK Foreign Custody fee until 31 December 2022. Please refer to Cash Plus Account Infosheet for charges thereafter.

Types of services Charges
Cash Dividend (SGX) Applicable3 Applicable3 Waived
Cash Dividend (others) 1% on net dividend subject to min SGD1.07 capped at SGD53.50 + Foreign fees and taxes
Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion S$10.70 (inclusive of GST) + Foreign broker fees and taxes (if applicable)
3Cash dividend handling fee is 1% on net dividend subject to minimum S$1.07 capped at S$53.50 + foreign fees and taxes (if applicable).

Debit Balance Interest
SGD 6.00% p.a.
USD 7.00% p.a.
HKD 7.00% p.a.
JPY 4.20% p.a.
AUD 8.75% p.a.
GBP 4.50% p.a.
EUR 7.00% p.a.
CAD 7.00% p.a.
CNY 8.25% p.a.
MYR No debit balance allowed

PSPL Singapore Securities Transfer Services Charges Schedule Effective from Feb 1st, 2022

Type of service (Singapore Securities Transfer) Total fees (include CDP charges)
No Change in Beneficial Owner (Between Own, Joint OR Immediate Family Member)
Client’s GSA -> PSPL sub a/c (CDP 4.2 form) S$10
Other Financial Institution -> PSPL sub a/c (Waived)
PSPL sub a/c -> client’s GSA S$20
PSPL sub a/c -> Other Financial Institution S$100
PSPL sub a/c -> PSPL sub a/c (other than Prepaid (CC) and Cash Plus Account) S$20
PSPL sub a/c -> PSPL Prepaid (CC) and Cash Plus sub a/c S$60
Change in Beneficial Owner (Off Market Transfer)
PSPL sub a/c – client’s GSA 0.25% of share valuation (min. of SS$100) +
2 x [0.015% of share valuation (min. of S$75)]
PSPL sub a/c – PSPL sub a/c
PSPL sub a/c – Other Financial Institution 0.25% of share valuation (min. of SS$100) +
[0.015% of share valuation (min. of S$75)]
Other Financial Institution – PSPL sub a/c
Change in Beneficial Owner (Between Related Company OR Company and its Shareholders/Directors/Employees)
PSPL sub a/c – client’s GSA S$50 + 2 x [0.015% of share valuation (min. of S$75)]
PSPL sub a/c – PSPL sub a/c
PSPL sub a/c – Other Financial Institution S$50 + [0.015% of share valuation (min. of S$75)]
Other Financial Institution – PSPL sub a/c
Important Notes:
1. All fees and charges above are based on Per Counter Per Transfer basis and are subject to GST.
2. PSPL reserves the right to impose other charges or to revise the fees and charges without prior notice.

Phillip Securities to External Broker SGD 100 per stock per transfer (Subjected to GST)

Additional charges apply to the following markets:
UK: USD 25 (Foreign broker fees, settled in SGD)
JP: JPY 1,000 for the first lot, JPY 500 for every subsequent lot, up to a maximum charge of JPY 6,000 (settled in SGD)
AU: USD 12 (Foreign broker fees, settled in SGD)
External Broker to Phillip Securities No charge by Phillip Securities Pte Ltd. Please check with your external broker for their charges.
Note:
1. For US transfer via Direct Registration System “DRS”, there will be foreign broker fee of USD 50.
2. To transfer holdings from Issuer Sponsored to Broker (CHESS) Sponsored, there will be foreign broker fees of AUD 50 (Settled in SGD) and courier fees of SGD 32.
Fees are subject to changes.
Time required to transfer shares to Phillip Securities This varies. It depends when the external broker transfers out the shares electronically. Under normal circumstances, once shares are transferred out by the external broker, it takes 2-3 days for Phillip Securities to receive the shares.
Note: Share transfer facility is not available in selected markets. Rates may change from time to time at the discretion of Phillip Securities Pte Ltd.

Types of services Charges
Cash Dividend 1% on net dividend, minimum of S$1.00 and capped at S$50.00 (subject to GST) + Foreign fees and taxes Dividend
Handling Fee (SGX) is waived for Cash Plus Account – Privilege tier
Waived for Cash Plus Account – Privilege tier1
Waived for Margin Account2
Cash Offer, Rights Issue, Privatisation Exercise, Merger & Exchange, Liquidation, Redemption of Warrant, Loan Stock or Bonds, Capital Distribution, Tender Sales, Warrant Conversion S$10.00 (subject to GST) + Foreign broker fees and taxes (if applicable)
1Please refer to www.poems.com.sg/cash-plus for more information
2Please refer to www.poems.com.sg/share-financing for more information

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IMPORTANT INFORMATION

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