How to open a poems account online

 Today I am going to share with you how to open a poems account online. As you all know that we are now in Covid-19 period, it is inconvenient for you all to travel around. So why not I show you a simple, easier and faster way to open it online. Alright, first thing first, please take out your smart phone, we are going to download an apps. For Android users go to the Play Store for apple users, please go to your Apps Store. Alright, looks for “POEMS SG 2.0”. You need to install this. Once it is done, you “Open”. 

At the button here, there is a “Open Live Account”. Press on it. Before you proceed, please check the checklist. Next. okay step one is to choose your account type There are two accounts here: 1) Cash Plus Account – Low cost trading account Cash Management Account – This is basically linked to your CDP. So if you buy a Singapore share through this Cash Management Account, it will be kept in CDP. So if you buy a Singapore share through this Cash Management Account, it will be kept in CDP. for CDP Account is a 12-digit number, which initial with 1681. I’ll just put a dummy number here. Step Two: Choose facilities Securities Borrowing and Lending (Short form = SBL). 

It allows you to borrow securities for short selling. Multi-currency facility allows you to trade in different currencies. There are 10 different currencies. It includes SGD, HKD, USD, RMB and so on. Contracts for Difference (CFD). This is a leverage product, can leverage up to 20 times. And let you have the opportunities to short sell the market. Right now you need to login to MyInfo using Singpass. SMS OTP will be sent to your registered mobile phone. Submit. I have logged in successfully. Continue. So MyInfo is to retrieve your personal data from relevant government agencies. So this helps to shorten the process. You need to click on “I Agree”. Alright, you see it is loading up your information and pre-fill it. It will stop at the place that require you to continue to fill in the data. Grey out space – please do not try to change it. Just leave it there.

 just need to fill in the blank so for me I will fill up my email address next is yearly assessable income please take note this one is in SGD and you don't need to put a dollar sign okay next is work details for Homemaker, Retired and Unemployed, these three categories, you need to put your previous employer’s details. For Student, you need to put your educational institution name and other related information. To proceed, let me put a dummy data. Indicate your highest education. For English Proficiency – Yes. If it is a No for you, then you actually couldn’t open it online. You have to head down to our investor centre to open the accounts. Next is about Financial Information. Liquid net worth is your cash flow. Estimated Net Worth is your total assets, includes your properties, cash, investment and everything. Source of funds, I would select Salary and Savings. 

Source of Wealth – Employment Income. So you just need to tick accordingly. It can be a multiple-choice. Have you ever been declared a bankrupt? “No” here. Declaration and Bank Information, have you registered Paynow using your NRIC and this is Pay Via Electronic Payment of Shares (EPS) You need to assign one of your bank account. For Tax Resident Information, I am a Singapore Tax Resident. If you are a Foreign Tax Resident, then please add new row, key in the country and TIN Next, are you a political exposed person (PEP)? you can actually press on these informations if you are not sure you can check on the definitions of PEP and Next, are you related to any director, employee or remisier of Phillip Securities? Please declare accordingly. actually basically here is for the CFD assessment so you see it's actually based on your previous data This form has prefilled some of the data based on previous page’s data.

 How familiar and experienced are you with investments? For CFD, since it is a leverage product, so if you are very conservative and not familiar with the investment, then CFD trading account may not suitable for you. If you are dependant on the asset/cash that you will be using for investment trading account then you mean if this is yes then you may not be able to open the CFD account so this is about your risk profile and you need to understand the risk of trading I accept so this is a long page of our Risk Fact Sheet for Contract for difference acknowledge I have read the Risk Fact Sheet the Risk Disclosure statement and fully understand it's content lastly this one is the acknowledgement of Smart Park so if you have any idle funds in the poem's account for SGD you can actually earn a return from money market fund so for SGD is about 1.2 percent per annum right now and 1% percent for USD so it will agree on this to open and terms and conditions need to read through the terms and conditions and at the end of the page to click on this I agree ok this is very important so and Prefferred Trading representative for this specify TR Code PS1 lastly you need to upload your specimen signature just take out a plain paper so sign a bigger signature and take a picture all right, now it is loading so everything is good then we put next , you confirm everything and at the end you will you are immediately get a number of the two accounts and you need to set your password right away so at this moment Congrats!