United States (NYSE, NYSE-MKT, NASDAQ) Aus

  Online Trades Broker-Assisted Trades
Commission 0.3% 0.5%
Minimum USD 20 USD 25
Exchange fees:
Securities and Exchange Commission (SEC) Fee 0.0013% (sell trades)
Trading Activity Fee (TAF) Applicable only for sell trades at USD 0.000119 per share, subject to maximum of USD 5.95. (With effect from 19th February 2018)
Other charges/exchange fees:
Financial Transaction Tax 0.3% (Buy trades only, applicable for French ADRs with market cap >= EUR 1 B)
0.1% (Buy trades only, applicable for Italian ADRs with market cap >= EUR 500 M)
American Depository Receipt (ADR) / Depository Receipt (DR) fee Varies for each counter

Note: Goods & Services Tax (GST) will be applied to commission charges. Commission and exchange fees may be subject to change without prior notice. Please click here for custodian charges.

Click here for SEC fee.

Trading Details
Order Placement Via1) POEMS or

2) Your designated Trading Representative or

3) Night dealer (US Trading Hours)


Trading lot 1 share
Live price Via POEMS (live price quote)
Order Type1 Limit Order, Stop Limit Order
Minimum bid size2 Share price (USD) Minimum Bid Size (USD)
<1 0.0001
≥1 0.01
Trading Hours
Singapore Time 10.30pm – 05:00am
09:30pm – 04:00am

(during Daylight Saving Time3)

US(Eastern) Time 09:30am – 04:00pm

Orders will not be done during Pre-Opening and Pre-Closing as Phillip Securities does not provide extended trading hours.

Orders for the next trading day will be accepted 15 minutes after current trading day market closes.

Settlement Date4 T+2 market days
Settlement Currency USD or SGD
Order Amalgamation No
Contra Trading Yes
CPF settlement No

Note: For payment methods, click here.

Holidays (2019)


Month Day Date Holidays Settlement Trading Day
January Tuesday 01 January New Year’s Day No No
Monday 21 January Martin L. King Day No No
February  Monday 18 February Presidents’ Day No No
April Friday 19 April Good Friday No No
May Monday 27 May Memorial Day No No
July Wednesday 03 July Indep. Day Early Close Yes Partial
Thursday 04 July Independence Day No No
September Monday 02 September Labor Day No No
October Monday 14 October Columbus Day No Full
November Monday 11 November Veterans’ Day No Full
Thursday 28 November Thanksgiving No No
Friday 29 November Day After Thanksgiving Yes Partial
December Tuesday 24 December Christmas Eve Yes Partial
Wednesday 25 December Christmas Day No No

Note: Information is correct at the time of posting

US Daylight Saving Time starts on 2nd Sunday of March to 1st Sunday of November

  1. Orders will be executed at the prevailing market price which will be the same as or better than the order price. Note that your orders might be partially filled.
  2. Share prices that are USD1 or higher are only subject to a maximum of 2 decimal places for NASDAQ, NYSE-MKT and NYSE orders.
  3. Daylight Saving Time starts on 2nd Sunday of March to 1st Sunday of November,should the due date coincide with a:
    a) Singapore public holiday – The due date will follow the traded market's due date.
    b) US public holiday – The due date will be the following market day after the US public holiday.
  4. Where a holiday falls on a Saturday, NYSE-MKT / NYSE / NASDAQ will be closed on the preceding Friday, and there will not be a market day on that preceding Friday.
    Where a holiday falls on a Sunday, NYSE-MKT / NYSE / NASDAQ will be closed on the Monday following that Sunday, and there will not be a market day on that Monday.