Updated on March 22, 2009
Stock Trading Online
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
|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.|
(632) 687-5071 to 74
G/ F Unit EC-05B East Tower
Unit 2703-C East Tower, Philippine Stock Exchange Centre, Exchange Rd., Ortigas Centre, Pasig City 1605
International: (632) 891-0000
8/F BPI Bldg., Ayala Avenue cor. Paseo de Roxas, Makati City 1226
|Comprehensive and timely research||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
|Commissions & Fees||0.25% or P20, whicher is higher
0.25% of total trading transactions per stock
|How to fund your account||Equitable PCI (branch or e-payment)||
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If you look at the First Metro Securities Broker online page firstmetrosec.com.ph, the look and eel of the page is quite good. I have a BPITrade account, but my friends say that the first metro sec online is a more friendly site.
I thnik on-line trading is great fro small players. The important thing is to understand how our market works.
I am waiting for my citiseconline account to be processed. A small player I am still. If that doesn’t pan out, perhaps I’ll open a BPITrade account since all my bank accounts are with BPI anyway.
I found this too:
I’m not sure if their online facility is actually functioning though.
Great news! The RP stock market has been posting record highs. It’s nice to find that we already have online traders. And that they even offer free seminars. Lastly, I like to try the Stock Trading Game in order to get the feel of the stock trading without burning out my wallet.
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Can anyone enlighten me please on the expenses normally incurred when share dealing in the philippines. Does it incur monthly charges when purchasing shares, maintenance fees on the share dealing account, cost of purchasing shares i.e. dealing costs, mandatory charges from government etc.
Thanks for the help. By the way, I did look up metrobanks share dealing website and downloaded their presentation and it looks very good indeed.
I am going to try my hand in Philippine stocks. I will try the online traders you mentioned then will give you feedback based on my experience with them. Wish me good luck!
this is such a wonderful post
I found your blog on google and read a few of your other posts. I just added you to my Google News Reade. Keep up the good work. Look forward to reading more from you in the future.
If you want to visit my site optionsxpress.
I haven't heard from you since I suggested First Metro Securities Brokers. How have you done in stock trading. If you are not satisfied with your performance, you can do passive investments through First Metro Asset Management Inc. (FAMI). You can find that in fami.com.ph or if you want to read my views you can go to http://guscosio.wordpress.com for my views.
Have you ever used the iron condor method of option trading
Howdy-appreciate your input. I want to trade PSEi. Can we meet for coffee and discuss trading in Philippines? I live in Bacoor-Cavite. will meet anywhere . I like Starbucks thanks