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Stock Trading Online

27 March 2007 4,156 views Comments

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The Philippines may be a developing country but hooray! We have stock trading online! You can start for as low as P5,000!

Not ready yet? You may want to play games first. You can also avail of free seminars for beginner investors.

I have listed online stock brokers in the Philippines. I’ve put their details in matrix form for you to be able to assess for yourself which is the right fit for you.

Online Trader Philstocks CitiSecOnline BPI Trade
Brokerage firm Accord Capital Equities Corp. CitiSecOnline BPI Securities Corporation
Proud of: Unimpaired paid-up capital of at least P125 million

Among top 30 local full service brokerage firms
Established in 2001

    Capital of >P 300 million

    Parent company of CitiSecOnline HK - listed at HK Stock Exchange

    Established in 1999

      100% subsidiary of BPI Capital Corporation, the 100% subsidiary investment house of the Bank of the Philippine Islands.
      Contact info@philstocks.ph

      (632) 687-5071 to 74

      G/ F Unit EC-05B East Tower
      Philippine Stock Exchange Center
      Exchange Road, Ortigas Center, Pasig City

      helpdesk@citiseconline.com

      (632) 6-3333-777

      Unit 2703-C East Tower, Philippine Stock Exchange Centre, Exchange Rd., Ortigas Centre, Pasig City 1605

        (632) 89-100

        Domestic: 1-800-188-89100

        International: (632) 891-0000

        8/F BPI Bldg., Ayala Avenue cor. Paseo de Roxas, Makati City 1226

          Live quotes Yes Yes Yes
          Comprehensive and timely research Yes Yes Yes
          Portfolio tracker Yes Yes Yes
          Off-hours order placement Day order Yes Yes
          Stock watch list Yes Yes Yes
          Other considerations Free seminar and other trainings WAP

          Free seminar and other trainings

          3 days to display proceeds from sale on interface

          Not always available during trading hours

          Initial investment P5,000 P25,000 -0-
          Maintaining balance -0- -0- PHP5,000
          Commissions & Fees 0.25% or P20, whicher is higher
          0.25% of total trading transactions per stock
          • No monthly fees
          • Commission of 0.25% of the gross trade amount or a minimum charge of P20.00 pesos per transaction, whichever is higher
          • Lodgement fee (Depositing a Stock Certificate) - A Lodging fee of Php120 + VAT per stock will be charged with an additional Php20 + VAT per certificate of the same stock after the first certificate.
          • Electronic Share Transfer (Broker to Broker) - Electronic transfer can take one or two days and would entail a cost to the customer of Php75.00/per stock from the issuing broker and the receiving broker.
          • Upliftment fee (Request a Certificate) - Requesting a certificate would entail an Uplifting charge of Php150+VAT per stock, and could take up to a month to generate a new certificate.
          • Commission of 0.25% on the gross value of each trade, or PhP 20, whichever is higher
          • Depositary Maintenance Fee of PhP 0.000008333 per month based on market value of holdings as of month-end.
          How to fund your account Equitable PCI (branch or e-payment)
          • HSBC
          • Security Bank
          • BPI Express Online

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