Philippine Stock Exchange
Philippine Stock Brokers Comparison
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If you want to do online stock trading yourself, you should get an online stock broker now. There are several advantages including low stock broker fees, tools available for research, and the DIY (Do It Yourself) approach in investing (much like BYOB thinking hehe - Be Your Own Boss). All you need to know is the list of stockbrokers (for online trading) that is registered and licensed by the Philippine Stock Exchange (PSE) and check out their features. This article will compare online stock brokers in the Philippines so you can best decide which one to get.
Before we get our feet wet, be sure to read first the articles regarding the introduction and stock basics of Philippine Stock Trading. Finish yet?! Good. Now let’s get started.
Online stock trading primarily relies on the ability of the individual (yeah that’s you) to perform your own analysis on when to buy and sell stocks. There will be no actual brokers to talk to (and annoy hehe). So you actually need to look at financial news, live quotes on stock prices, stock charts, and various research data to use in fundamental analysis or technical analysis (or you can pick your favorite stock — just kidding).
Factors to consider in picking an online stock broker are the online website’s ease of use and security, stock broker commission, and customer service assistance. One thing to point out is that stock trading is all about timing the market. So the online website must be always available and fully functional so you don’t missed out on your trades. Also, fast loading of pages are critical (believe me).
Ok enough of the intro hehe, here you go. Below is a list of three online Philippine stock brokers. You decide which is the best online stockbroker for you.
| CitisecOnline | BPITrade | Philstocks | |
|---|---|---|---|
| Brokerage Firm | Citisecurities, Inc. | BPI Securities Corp. | Accord Capital Equities Corp. |
| Website | https://www.citiseconline.com/ | http://www.bpitrade.com/ | http://www.philstocks.ph/ |
| Address | 2401-B East Tower Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City 1605 Philippines |
8/F BPI Bldg., Ayala Avenue cor. Paseo de Roxas, Makati City 1226 |
G/ F Unit EC-05B East Tower Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City Philippines 1605 |
| Contact Number | (632) 6-333-777 | Metro Manila - (632) 89-100 Domestic - 1-800-188-89100 International - (632) 891-0000 |
Online form |
| Email Address | helpdesk@citiseconline.com | bpitrade@bpi.com.ph | Online form |
| Minimum Investment | Php 25,000 | Php 0 (Php 5,000 maintaining) | Php 5,000 |
| Commission Fee | 0.25% of gross value of trade or Php 20, whichever is higher |
0.25% of gross value of trade or Php 20, whichever is higher |
0.25% of gross value of trade or Php 20, whichever is higher |
| Monthly Fee | None | - PDTC Depositary Maintenance Fee of Php 0.000008333 will be charged per month based on market value of holdings as of month-end - If your BPITrade Bank Account falls below the monthly average daily balance requirement, you will be charged a service fee of Php 100 per month. |
None |
| How to Open Account | 1. Download form 2. Mail completed and signed forms: Individual CAIF, Trading Agreement, Signature Cards 3. Photocopy of two ID’s 4. Latest copy of Public Utility Bill, Credit Card Statement, Bank Statement |
1. Fill up online registration form 2. Print and sign the form 3. Bring form with two IDs (photocopies included) to BPI branch, BPI Family Savings Bank branch, or BPI Express Remittance Center 4. Required that you have a savings or current account with the Bank of the Philippine Islands, BPI Family Savings Bank, or BPI Direct Savings Bank |
1. Fill up online registration form 2. Print and sign the form 3. Bring form to office with two IDs |
| Funding | - Security Bank - HSBC - BPI - www.bpiexpressonline.com - BDO |
- BPI branch - BPI expressphone or ATM - www.bpiexpressonline.com |
- any BDO Bank branch |
| Security | - SSL encryption - Before every order, login information needs to be re-entered - Automatic log-off if idle for 15 minutes - Upon login to the site, the last time logged in will be shown |
- SSL encryption - Information sent to website passes through a firewall - Required change of password every 120 days - View all sign-ins and sign-offs times |
-SSL encryption - Information sent to website passes through a firewall - View all your online activities chronologically |
| Portfolio Management | Yes | Yes | Yes |
| Research and News | Yes | Yes | Yes |
| Live Quotes | Yes | Yes | Yes |
| Extras | - Margin Account available - Free Seminars (for Customers and Public) - WAP |
- BPI Trade bank account earns interest - Can also be used for Fixed Income and Mutual Fund trading. |
- Member of Securities Investor Protection Fund (SIPF), protecting client accounts in the unlikely event of financial failure - Text Messaging Service - Free seminars |
Watch out for the list of other online stockbrokers in succeeding articles. Please subscribe to us to get updates on our articles ^_^
Note that the information presented here may have changed a bit when you read this so better check their websites or contact them for complete up-to-date information. We will not be held liable for any misinformation and the data presented here are only based on our research and knowledge.
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5 comments for “Philippine Stock Brokers Comparison”
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citisec picks up your forms from your office if you are opening an account with them. This is so helpful..
can u give me site for seminar regarding stock investment
is there no online banking for Accord Capital Equities Corp.??
Okay, so the Philippines is now going online on stock market trading. How about stock options trading? There is now a worldwide trend of using stock options as an excellent tool for managing and controlling stock market risk as well as enhancing stock market investment returns. Should’nt the Philippines securities brokers and financial government agencies look into the merits of establishing a stock options market? As a stock options trader for many years I can’t understand why the Philippines has not yet awakened to the many benefits offered by stock options as a risk management tool in stock market investments. I would be interested to get feedbacks or comments.
very helpful information this site contain…thankful having this site