Phillip Securities becomes first full-service brokerage in Singapore to offer true zero-commission US equities trading for retail investors

SINGAPORE, 13 MAY 2026 – Phillip Securities, the brokerage arm of PhillipCapital, will launch true zero-commission trading for US stocks, American Depository Receipts (ADRs), and exchange-traded funds (ETFs) on the POEMS suite of platforms. From 13 May 2026, 4.00pm, retail investors will be able to trade US-listed stocks and ETFs without commission costs through POEMS’ Cash Plus Account, removing a key barrier to entry for new and growing investors. With this launch, Phillip Securities becomes the first full-service brokerage firm in Singapore to offer true zero-commission US equities trading with no platform, settlement, or inactivity fees.

The zero-commission structure strengthens Phillip Securities’ full-service commitment, enabling investors to access cost-effective trading without compromising on the research, tools, and personalised support of an established institution. Clients will continue to have access to POEMS’ market access, platform features, as well as research coverage, including real-time data and advanced charting tools, at no extra cost. They will continue to be supported by their assigned Trading Representative or Dealing Team, ensuring direct access to experienced investment specialists who understand their investment goals and motivations. This high-tech, high-touch approach ensures investors have the tools and guidance they need as they build their US equity portfolios.

Mr Luke Lim, Managing Director, Phillip Securities, said: “Over the past 50 years, our mission has been consistent – to empower Singaporeans to build long-term, intergenerational wealth. As we look to the future, we recognise that the barriers to entry for global markets must be dismantled. By offering zero-fee trading for the US market on our Cash Plus account, we are combining the absolute trust and stability of our historic institution with the modern pricing our clients deserve. This initiative reflects our confidence that clients stay not because of price alone, but because of trust, service, and long-term partnership.”

For many Singapore investors, US equities and ETFs represent an opportunity for portfolio diversification and access to global markets. The zero-commission structure removes the traditional trade-off between cost-effective pricing and full-service support, enabling clients to build positions gradually, adopt their own investment strategies without friction, and invest with confidence with an established institution.

The zero-commission structure applies specifically to POEMS’ Cash Plus Account, a low-cost custodian account with margin facilities, and covers all US-listed stocks and ETFs. While brokerage commissions, platform fees, settlement fees, and inactivity fees are eliminated, US regulatory fees (SEC/TAF fees) continue to apply.

The Cash Plus Account is available to both new and existing clients with no minimum account balance, age, residency, or accredited investor requirements. Uninvested cash in the account earns interest at prevailing Money Market Fund rates as stated on POEMS. The account supports SRS and CPF trades as well as dollar-cost averaging strategies, providing investors with flexibility to execute long-term wealth-building plans through their preferred investment vehicles. Existing clients will see the new fee structure automatically applied to their Cash Plus accounts starting today.

As PhillipCapital celebrates its 50th anniversary, the launch of zero-commission US trading underscores the firm’s ongoing commitment to evolving with investors’ needs. With five decades of deep roots in Singapore, PhillipCapital offers expertise, robust infrastructure, and an accessible network of nine Phillip Investor Centres across the island. The firm also invests heavily in financial literacy through regular educational seminars, investor workshops and dedicated face-to-face advisory support for customers.  Backed by the Group’s global footprint spanning more than 15 countries, Phillip Securities is well-positioned to support evolving client needs through internationally diversified strategies and integrated financial solutions.

The launch of zero-commission US trading is part of Phillip Securities’ commitment to removing barriers to investing and providing transparent, client-first solutions for Singapore retail investors. It underscores the Group’s continued investment in people, platforms, and partnerships, and its belief that trusted advice, delivered consistently and professionally, remains the foundation for long-term success in today’s evolving financial landscape.

For more information on the zero-fee US trading initiative and full terms and conditions, please visit: https://www.poems.com.sg/cash-plus/.

About PhillipCapital

Since its inception as a stockbroker (Phillip Securities) in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence and offers a full range of quality and innovative services to retail and high net worth individuals, family offices, as well as corporate and institutional customers. 

PhillipCapital offers a comprehensive suite of financial products and services includes broking in securities, futures, foreign exchange, bonds, precious metals and commodities, unit trusts, contracts for difference, exchange traded funds, fund management, managed accounts, insurance planning, regular savings plan, investment research, equity financing and property consultancy. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions.

Today, the company headquartered in Singapore, operates in the financial hubs of 15 global locations including Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1.5 million clients with Assets Under Management exceeding US$65 billion.

For more info, please visit https://www.phillip.com.sg/

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