The latest POEMS Mobile 3 App has much to like. Before I dive into the details, here’s a quick overview of what’s new:
Among its various improvements, I also quite like these key features:
- TradingView charting
- Access to multi-assets and global markets
- Customise different watchlists
- Set Alerts for price notifications
- Advanced order types
- News and economic calendar of events
Let’s now dive into how these can help you in your investing or trading journey.
Conduct TA on-the-go on POEMS Mobile 3
With over 100+ indicators and drawing tools, TradingView is pretty much THE golden standard when it comes to the industry’s best charting tool. The problem is, it is a paid software (from ~US$15 per month) and most of us have to use it on our laptops to conduct technical analysis and access TradingView charts, indicators, etc.
The good news is, you can now do this on your mobile with POEMS, as their latest app integrates TradingView software and allows you to conduct technical analysis with over 100 technical indicators – including but not limited to popular ones like Relative Strength Index (RSI), Moving Average Convergence/Divergence (MACD), Exponential Moving Average (EMA), comprehensive drawing tools and more.
Chart while you’re spending time during your morning/evening commutes? That’s a win for sure.
Trade multiple assets at once
If you’re like me and have your different assets parked on different platforms, you can now consider consolidating all of them on POEMS for greater convenience and easier tracking of your portfolio.
POEMS Mobile 3 supports multi-asset trading, which means you can now trade across equities, ETFs, CFDs, unit trusts, and more. For more advanced traders, forex and futures will also be made available in the coming months.
Customise different watchlists
One downside to some of the other brokers I’m currently using is that I can only create one watchlist, so I’ve to park all my different watchlisted counters in the same place even though I may have different purposes or time horizons for them.
But on POEMS Mobile 3, you can set up multiple watchlists and still be able to track them all. I was able to create 3 different watchlists – one for investing, another for trading, and another (unlikely to be utilised) for speculating or simply monitoring.
Set alerts for price notifications
If you’ve been charting regularly with TradingView or other software, you’d probably have set price notifications at different entry/selling prices e.g. when price breaks 250 EMA.
POEMS Mobile 3 can notify you instantly when prices hit your desired level, which can help you react faster. Or, you could also make use of…
Advanced Order Options
You can choose from various order types on POEMS Mobile 3, that aren’t always available on some other platforms by other brokers. Market-On-Open or Market-On-Close order options are available for you to use in the US markets i.e., NASDAQ, NYSE and AMEX.
There’s also limit-if-touched order types, which you can use on SGX stocks like DBS. How it works: Imagine the current share price is currently S$35, but you only wish to buy the stock if or after the price drops to $29 (breaking the psychological barrier of $30), but you don’t want to pay more than $28 for it. In this case, you could set the limit price of $29 and a trigger price of $28. The order will then be held in the system until DBS share price falls to $29, after which it will be submitted as a limit order to execute your purchase only at $28 or better.
The full list of order types available are:
- Limit Order
- Stop Limit Order: SGX, NASDAQ, NYSE, AMEX
- Limit-if-Touched (LIT): SGX
- Market Order: NASDAQ, NYSE, AMEX
- Market-On-Open (MOO): NASDAQ, NYSE, AMEX
- Market-On-Close (MOC): NASDAQ, NYSE, AMEX
Q: I’m already using an overseas low-cost brokerage. Why should I consider POEMS?
Aside from the local touch and support, folks looking to invest in more assets and overseas markets will love POEMS for the diversification it provides.
For instance, you could buy stocks listed in the UK, Thailand, Indonesia, Japan or even Germany. Few trading platforms offer access to these equity markets, but POEMS do. Here’s the full list of markets available on the app:
And when it comes to local support, no other brokerage comes close to POEMS. Aside from having a local call center (+65 6531 1555) which operates between 9am to midnight, it also assigns a dedicated Equity Specialist to each customer. And if you prefer to get help in-person, they also have multiple Phillip Investor Centres set up across various locations and in the heartlands to assist those who may need more assistance with their trades, navigating the platform, etc.
Don’t forget that POEMS’ IPO financing is another powerful tool that you can use
for IPO applications locally, as it can increase your chances of being allotted more IPO shares even if you have a smaller capital outlay, and all you need is a minimum 20% down payment. Most other brokerages do not have such a financing option for you to leverage on.
Hence, I feel it is worth opening an account with POEMS to gain access to their offerings, which is why I still have and am maintaining my account even up till today.
What are the fees on POEMS?
When you compare among the local brokers, POEMS fees are extremely competitive provided you use their Cash Plus Account. For instance, even if you’re investing with a smaller capital – anywhere between S$1 – $29,999 – the fees are 0.08% for Singapore with no minimum commission, and a flat rate of US$3.88 for US markets. Find out more about their pricing here.
Conclusion
Whether you’re new to POEMS or an existing customer, there’s a lot to like about their newest mobile app. In my opinion, their integration with TradingView alone makes it worth downloading, but you can also check out their other features and benefits here.
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Disclosure: This post is written in collaboration with Phillip Securities.
