Poems
Basic Information
Pros and Cons
Pros
- Regulated by the Monetary Authority of Singapore
- Over 35 years of operational experience
- Leverage up to 1:1000 available
- High customer satisfaction ratings
- Transparent withdrawal processes
Cons
- Occasional complaints about account verification delays
- No offshore regulatory licenses held
- Limited information on withdrawal fees
- Some users report withdrawal process delays
Is Poems Safe and Legit?
Poems is a brokerage registered in Singapore, established in 1986, boasting over 35 years of operational experience. They offer a diverse range of tradable instruments, including forex, commodities, and indices, with leverage up to 1:1000 and competitive spreads, utilizing the well-known MetaTrader platform for trading activities.
Poems operates under the regulatory oversight of the Monetary Authority of Singapore (MAS) and is recognized as a legal entity in its jurisdiction, which contributes to its reputation for safety and compliance.
In the market, Poems has garnered a solid reputation, characterized by high customer satisfaction ratings for its responsive customer service and transparent operations. Users generally report a positive experience regarding withdrawal processes and express confidence in the broker’s integrity, although occasional complaints regarding account verification delays have been noted within community discussions.
Is Poems a Regulated Broker?
What Are the Regulatory Licenses Held by Poems?
Poems is a brokerage that operates under the regulatory oversight of the Monetary Authority of Singapore (MAS). It is recognized as a legal entity within its jurisdiction, which enhances its reputation for safety and compliance. Poems holds no offshore regulatory licenses, ensuring that its operations are fully compliant with local regulations, thereby contributing to a secure trading environment for its clients.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| MAS | Monetary Authority of Singapore | Poems | Active | No License Number Available |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Client funds at Poems are held in independently regulated bank accounts, ensuring they are segregated from the broker’s own assets. This adherence to the Monetary Authority of Singapore’s rules regarding fund segregation bolsters the security and integrity of client investments, fostering a safe trading environment.
Poems Leverage
Poems offers leverage up to 1:1000 across a variety of tradable instruments, including forex, commodities, and indices. This leverage adheres to the regulatory standards set by the Monetary Authority of Singapore, catering to both retail and professional clients while ensuring compliance with local regulations.
Poems Withdrawal Review
How to Contact Poems?
Does Poems Have Withdrawal Issues?
While Poems has a solid reputation for customer satisfaction, there have been occasional complaints regarding withdrawal processes, particularly concerning delays in account verification. Credible sources of complaints include user forums and reviews, where some clients express concerns about the timeliness of fund transfers. However, there are no significant public complaints or large-scale issues reported. Poems generally addresses complaints promptly, maintaining a positive response time, and has not received any regulatory penalties or warnings related to withdrawal matters, reinforcing its legitimacy and safety in operations.
Frequently Asked Questions
A1: Yes, Poems is a legitimate brokerage registered in Singapore and operates under the regulatory oversight of the Monetary Authority of Singapore (MAS). This regulation enhances its reputation for safety and compliance, making it a trusted option for traders.
A2: Client funds at Poems are held in independently regulated bank accounts, ensuring they are segregated from the broker’s own assets. This adherence to MAS rules regarding fund segregation bolsters the security and integrity of client investments.
A3: Poems is regulated by the Monetary Authority of Singapore (MAS) and is recognized as a legal entity within its jurisdiction. It does not hold any offshore regulatory licenses, ensuring full compliance with local regulations.
A4: While Poems generally enjoys a solid reputation for customer satisfaction, some clients have reported occasional delays in account verification that can affect withdrawal processes. However, these complaints are not widespread, and the broker typically addresses them promptly.
A5: Poems offers responsive customer service, and clients can reach out for support through various communication channels provided on their website. Specific contact methods may include email, phone support, or live chat options depending on their operational setup.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.