What Is POEMS and How Reliable Is It for Forex Trading?

POEMS, operated by Phillip Securities Pte. Ltd., is a Singapore-based multi-asset trading platform that provides access to stocks, ETFs, CFDs, futures, bonds, and forex. The platform offers competitive fees and a range of versatile trading tools, as detailed on its official website.

POEMS is regulated by the Monetary Authority of Singapore (MAS) through its parent company Phillip Securities Pte. Ltd. However, third-party platforms like WikiFX show incomplete or unclear regulatory information for POEMS, which may cause some uncertainty for traders when verifying its regulatory status. Traders interested in forex and other assets with POEMS should consider these regulatory details carefully.

What Is POEMS and What Markets Does It Cover?

POEMS is a trading platform operated by Phillip Securities Pte. Ltd., a Singapore-based financial firm founded in 1998. According to WikiFX, it offers access to over 40,000 products across more than 26 global exchanges. The platform supports trading in a variety of markets that include:

• Stocks and ETFs
• Futures and options
• Bonds and fixed income instruments
• Forex and bullion
• CFDs on multiple instruments

This extensive product coverage enables traders to diversify their investment portfolios across many asset classes within the POEMS ecosystem.

How Does POEMS Support Forex Trading and What Are Its Fees?

POEMS offers forex trading with access to multiple currency pairs. The platform supports margin trading with leverage options. Traders should refer to official POEMS disclosures for precise fee information.

Which Trading Platforms and Tools Does POEMS Offer for Forex Traders?

POEMS provides multiple proprietary trading platforms tailored to different trader needs:

• POEMS 2.0: A powerful web and desktop platform with real-time quotes, advanced charting, and forex analytical tools.
• POEMS Mobile 3: A mobile app for iOS and Android allowing on-the-go forex trading and portfolio management.
• POEMS Pro: A professional Windows-based platform with enhanced features for experienced traders.

Additional tools include pattern recognition from Autochartist and Trading Central, economic calendars, and integrated market news to assist forex decision-making.

Why Is POEMS‘ Regulatory Status Important for Forex Traders?

Phillip Securities Pte. Ltd., operator of POEMS, is currently listed on WikiFX as “Not Regulated” in terms of forex licenses. WikiFX advises traders to exercise caution due to this lack of explicit forex regulatory status. This classification reflects WikiFX’s assessment that Phillip Securities does not hold a dedicated forex license under MAS, or at least it is not clearly displayed on their platform.

While POEMS‘ official website states that Phillip Securities is regulated by the Monetary Authority of Singapore (MAS), WikiFX’s evaluation takes precedence here, highlighting regulatory uncertainty specifically for forex trading. Traders should be aware of this discrepancy and consider WikiFXs caution when evaluating POEMS for forex trading.

How Does POEMS Compare in Fees and Services for Forex and Multi-Asset Trading?

POEMS offers multi-asset trading with verified margin leverage up to 3.5 times via the Cash Plus Account. Singapore stocks and ETFs are priced from 0.08% to 0.12% per trade with no minimum fees, while US stocks and ETFs carry a flat commission from SGD 3.88 or USD 1.88. REITs have 0% sales charges and no custody fees. CFDs start from USD 0.99 per contract with margin financing rates between 2.75% and 3% per annum. Specific forex commissions and spreads are not explicitly disclosed and should be confirmed directly on the official POEMS website.

Who Should Consider Trading Forex with POEMS?

POEMS primarily serves traders and investors in Singapore and the broader Asia-Pacific region seeking multi-asset access through a single platform. It provides extensive market coverage and demo accounts to help users build trading skills and confidence.

However, WikiFX explicitly states that POEMS is not regulated by any financial authority, which is a critical factor for forex traders assessing risk. Therefore, POEMS may be more suitable for experienced traders who are comfortable operating in a less regulated environment and who seek low brokerage fees, margin trading options, and access to multiple markets.

Beginners should approach with caution and make full use of POEMS demo accounts and educational resources to understand forex risks before trading with real capital.

What Are the Customer Support and Educational Resources Offered by POEMS?

POEMS provides comprehensive customer support primarily during market hours, with phone lines available Monday to Friday from 8:30 a.m. to midnight and Saturdays from 8:30 a.m. to 1:00 p.m. Additionally, there is a 24/7 AI-powered chatbot to assist users with common inquiries.

Beyond digital support, POEMS operates multiple investor centers across Singapore offering in-person advisory services and educational programs. These include market reports, webinars, and educational guides designed to support clients—particularly those trading complex products like forex and derivatives—in enhancing their trading knowledge and confidence.

How Does POEMS Integrate Other Investment Products with Forex Trading?

POEMS multi-asset platform allows investors to combine forex trading with stocks, ETFs, bonds, unit trusts, futures, and bullion seamlessly. Investment plans such as the Share Builders Plan facilitate regular buying, while robo-advisory tools support automated portfolio rebalancing, creating a comprehensive and integrated trading and investment experience.

Conclusion

POEMS, operated by Phillip Securities Pte. Ltd., combines wide product access, advanced technology, and regulatory protection evidenced by MAS licensing. However, third-party data from WikiFX reflects incomplete regulatory disclosure that warrants caution for forex traders. Prospective users should weigh these factors carefully and utilize POEMS tools and educational material to trade responsibly.

Frequently Asked Questions (FAQs)

Q1: Is POEMS regulated for forex trading?

Yes. Phillip Securities Pte. Ltd., which operates POEMS, is listed as regulated by MAS on the official site. However, WikiFX currently flags POEMS as unregulated for forex, reflecting incomplete regulatory data on their platform. Traders should consider this regulatory uncertainty carefully.

Q2: What are POEMS forex trading costs?

POEMS offers commission-free forex trading. The POEMS site advertises competitive spreads from as low as 0.3 pips for CFDs. Exact spreads may vary.

Q3: What platforms can I use to trade forex with POEMS?

You can trade via POEMS 2.0 (web/desktop), POEMS Mobile 3 (iOS/Android), and POEMS Pro (Windows).

Q4: Can I trade other assets besides forex on POEMS?

Yes. POEMS supports multi-asset trading including stocks, ETFs, unit trusts, futures, bonds, REITs, and bullion on the same platform.

Q5: What leverage and margin does POEMS offer?

Margin trading is available through the Cash Plus Account with leverage up to 3.5 times and competitive financing rates.