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How to activate US trading account in POEMS?

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Old 01-08-2020, 11:26 AM   #1
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How to activate US trading account in POEMS?

Can anybody how to activate the US trading account in POEMS? Is there a need to pay any extra fee for trading US market?
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Old 01-08-2020, 11:27 AM   #2
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Can anybody how to activate the US trading account in POEMS? Is there a need to pay any extra fee for trading US market?
did you submit your w8bene form?
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Old 01-08-2020, 11:27 AM   #3
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did you submit your w8bene form?
Have to physically go down bank to sign?
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Old 01-08-2020, 11:32 AM   #4
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did you submit your w8bene form?
Not yet. What is this form for?
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Old 01-08-2020, 11:35 AM   #5
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Have to physically go down bank to sign?
Not yet. What is this form for?
https://www.poems.com.sg/faq/general...8ben-form-pdf/
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Old 01-08-2020, 11:51 AM   #6
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Contact your broker or poems.
Yes, there r extra fees.

For cash plus account,
1. Acct maintenance fee
2. Foreign shares custody charges
3. Cash dividend processing fee
4. Other corporate action handling fee
5. Currency exchange fee

https://www.poems.com.sg/pricing/

Last edited by wutawa; 01-08-2020 at 12:13 PM..
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Old 01-08-2020, 11:52 AM   #7
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Is there any ETF that is linked to Dow Jones, S&P500 or Nasdaq?
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Old 01-08-2020, 12:06 PM   #8
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Is there any ETF that is linked to Dow Jones, S&P500 or Nasdaq?
Many with a simple google
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Old 01-08-2020, 03:42 PM   #9
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I rmb just have to click submit after completing it online, and you can begin US trading Liao
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Old 01-08-2020, 04:42 PM   #10
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I rmb just have to click submit after completing it online, and you can begin US trading Liao
Whats the charge for trading US stock? Roughly how much per transaction if the transaction amount is less than 10k sgd
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Old 01-08-2020, 04:50 PM   #11
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Whats the charge for trading US stock? Roughly how much per transaction if the transaction amount is less than 10k sgd
Did you check out their website?
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Old 01-08-2020, 05:11 PM   #12
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Must do these 2 thingy....
1. Convert your account to dual currency. Otherwise, need to convert to US$ when buy and convert to S$ when sell.
2. Submit W8BEN form for non-US residence.
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Old 01-08-2020, 05:28 PM   #13
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Must do these 2 thingy....
1. Convert your account to dual currency. Otherwise, need to convert to US$ when buy and convert to S$ when sell.
2. Submit W8BEN form for non-US residence.
How to convert account to dual currency?
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Old 01-08-2020, 07:32 PM   #14
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One of the reasons why some investors are still using poems is that they can talk to their broker and ask for help. my broker told me there are clients still placing orders through the telephone (they waive the additional phone order charge)

I am quite happy with my poems broker (same one for 10+yrs), quite responsive to my occasional messages though I do not use poems that frequently. I'm sure your broker will be happy to talk to you and help you. No need to depend on anonymous internet posts for advice that may or may not be correct.
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Old 01-08-2020, 08:44 PM   #15
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but he is relying on anonymous internet posts instead of his own broker
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