In a press release, Phillip Securities says that the new solution removes a key entry barrier for new and growing investors, providing access to cost-effective trading without compromising on the research, tools, and personalised support of an established institution.
Phillip Securities, the brokerage arm of PhillipCapital, is offering true zero-commission US equities trading for retail investors from 4pm, May 13. Users may trade US stocks, American Depository Deposits and exchange-traded funds (ETFs) through the POEMS’ Cash Plus Account to enjoy this service.
For Singapore investors, US equities and ETFs represent an opportunity for portfolio diversification and access to global markets. With the offering, Phillip Securities is the first full-service brokerage in Singapore to offer commission-free trading of US equities, with no platform, settlement or inactivity fees.
