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If you have been following the news, the stock market has been hammered following the devaluation of the yuan and the falling oil prices. Stocks are looking cheap now, but will they get cheaper? Guess no one can predict the future. To quote Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful”.

If you are new to the stock market or looking to average down on your purchases, consider this promotion where you pay only $10 for a trade <$3500 with <1000 lots. Of course, this is not the cheapest in the market as Standard Chartered actually offers 0.2% brokerage fee + 0.0325% exchange fee. (I’ve previously written a post in 2012 comparing the various stockers in Singapore here). For a $3500 trade, this works out to $8.14. For POEMS, this works out to $9.8 (0.28% commission) which will be charged at $10. For that extra $2, you will be getting the stocks in your CDP account rather than held in a custodian account held by Standard Chartered. (Pls refer to SC’s website here)

Contract Value Minimum Commission*
≤ S$3,500 S$10
> S$3,500 S$25

Terms & Conditions:

  1. The above promotion is only valid for online trades done through POEMS trading platforms and/or through telebroker. This includes CPF and SRS trades
  2. Only online orders of total quantity less than 1,000 shares of the same counter and ticker name, traded on the same day (regardless of settlement mode: Cash/CPF/SRS) will enjoy the above promotion
  3. The contract value must be less than $3,500 for each settlement mode (Cash/CPF/SRS)
  4. Broker-assisted orders are not eligible for this promotion
  5. The above promotion applies to orders done from 19 January 2015 till 30 June 2016, both dates inclusive
  6. Phillip Securities Pte Ltd (PSPL) reserves the right to substitute or change the promotion, amend any terms and conditions without prior notification. Where a dispute involving the interpretation of terms and conditions arises, PSPL reserves the right to have the final say

For more information, check out POEMS website here

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