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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.

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Broker 2
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Phillip POEMS

poems.com.sg

Stock BrokerETF BrokerETF
Fidelity

fidelity.com

Stock BrokerETF BrokerETF
Decision summary
Overall score
84
91
Trust score
90
100
Cost score
82
89
Platform score
85
94
Withdrawal score
80
89
Best for
Singapore multi-asset investors · SGX/CDP users · investors combining stocks, ETFs, funds, bonds and leveraged products
Evidence supports Fidelity as a U.S.-focused, highly regulated multi-asset broker for stocks, ETFs, mutual funds, bonds/CDs, options, cash management, managed portfolios, and sepa…
Watch out
Needs verification
Needs verification
Trust & regulation
Regulators
Monetary Authority of Singapore (MAS)
Source
Fidelity Brokerage Services LLC is SEC registered and regulated by FINRA; FBS and NFS are members of NYSE and SIPC.
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License numbers
MAS FID lists licence statuses but no separate licence number was found in checked sources; company registration/UEN is 197501035Z.
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FBS CRD# 7784 / SEC# 8-23292; NFS CRD# 13041 / SEC# 801-50706, 8-26740.
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Regulated entities
Phillip Securities Pte Ltd; incorporated in Singapore
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Primary securities brokerage entities are Fidelity Brokerage Services LLC (FBS) and National Financial Services LLC (NFS), each member NYSE/SIPC; advisory and crypto entities differ by product.
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Negative balance protection
No negative balance protection found; Cash Plus infosheet warns customers are responsible for shortfalls and leveraged trading losses may exceed initial funds.
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Not applicable/not disclosed as a CFD-style negative balance protection policy; margin trading can create debt/interest obligations.
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Investor compensation
No investor compensation scheme was identified in checked POEMS/MAS pages; assets may be held at CDP, in PSPL custody, or trust accounts depending on account/product.
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SIPC coverage up to $500,000/$250,000 cash plus Fidelity excess SIPC; FDIC sweep coverage may apply to eligible cash programs; important exclusions apply.
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Restricted countries
Account eligibility excludes U.S. Persons; product disclaimers also state products are not offered to U.S. Persons.
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U.S.-persons focused; sanctioned countries/prohibited parties restricted; no exhaustive country availability list found.
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Costs & account conditions
Minimum deposit
No general minimum opening deposit disclosed for Cash Plus/Cash Management; eNETS deposit minimum is S$1,000 and SMART Portfolio starts from S$300.
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$0 to open a retail brokerage account; Fidelity states no account minimum and ability to invest with as little as $1; exceptions apply by account/product.
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Spread from
Not disclosed in checked POEMS pages; broker primarily publishes brokerage/commission rates, while FX/CFD spreads may depend on Phillip Nova/CFD product pages.
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Not applicable to Fidelity's core U.S. stock/ETF brokerage model; securities trade by exchange/market prices rather than quoted CFD/FX spreads.
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Commission
Cash Plus: US 0 commission; SG 0.08% to 0.06% no min. Cash Management/Margin: SG 0.28% to 0.18% min S$25; US 0.30% min US$20.
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$0 online U.S. stock and ETF trades; $0 online options commission plus $0.65/contract; other product/service fees apply.
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Maximum leverage
Cash Plus up to 5x cash deposit; CFDs up to 20x leverage.
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No universal maximum leverage ratio disclosed for Fidelity retail brokerage; margin borrowing is available subject to approval and margin requirements/rates rather than a single max leverage figure.
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Deposit fee
No blanket POEMS deposit fee found; S$20 + GST admin fee for missing/incorrect references; DBS MCA foreign-currency transfer has $0 fee.
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$0 Fidelity fee for EFT and Fidelity does not charge wire fees; external banks may charge.
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Withdrawal fee
Ordinary cash withdrawal fee not clearly disclosed in checked pages; replacement cheque administration charge S$50 + GST and TT/bank charges may apply.
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$0 Fidelity fee for EFT and domestic bank wire withdrawals; foreign exchange wire up to 3% of principal; receiving bank may charge.
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Inactivity fee
No general inactivity fee found; custody/account maintenance charges can apply if activity/asset-value waiver conditions are not met.
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No explicit inactivity-fee line found in official fee schedule; official account pages state no retail brokerage account fees/no account or subscription fees. Treat as needs manual confirmation before publishing as '$0 inactivity fee'.
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Markets, platforms & payments
Tradable assets
Stocks, ETFs, CFDs, bonds, unit trusts/funds, forex, futures, options, RSP/SBP, robo-advisory and money-market/cash solutions.
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Stocks, ETFs, mutual funds, options, crypto, fixed income, bonds and CDs; Fidelity says stocks include domestic and international.
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Trading platforms
POEMS Mobile 3 app, POEMS 2.0 web portal, POEMS Pro Windows desktop, POEMS Mobile 2.0 and broker-assisted trading representative access.
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Fidelity.com, Fidelity mobile app, Fidelity Trader+ Web/Desktop/Mobile mode, and legacy Active Trader Pro Classic.
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Account types
Cash Plus, Cash Management/CDP-linked, Margin, Prepaid (CC), Custodian, SMART Portfolio and Managed Account options.
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Broad account menu including taxable brokerage, retirement/IRA, cash management, HSA, custodial/youth, education, trust/business, managed and crypto accounts.
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Deposit methods
PayNow, DBS MCA transfer, FAST, eNETS, EPS, Internet Bill Payment, eGIRO, USD cheque and cross-border telegraphic transfer.
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EFT/ACH, bank wire, check/mobile check, direct deposit, recurring deposit, Fidelity-to-Fidelity/account transfer, transfer of assets, and eligible payment apps.
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Withdrawal methods
Login to POEMS > Stocks > Online Forms > Withdrawal form; transfer to pre-registered local bank account via quick cheque or collect cheque from cashier; not available for Cash Trading Account.
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EFT/ACH, bank wire, paper check, Fidelity-to-Fidelity transfers, third-party/person-to-person transfers and eligible debit card/ATM access.
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Withdrawal processing time
Before-10am linked-bank withdrawals are described as almost immediate; rejected-payment refunds: PayNow up to 1 week, other modes at least 2 weeks.
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EFT withdrawals 1-3 business days; bank wire same day if submitted by 4 p.m. ET; paper check about 5-6 days.
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BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.