In this blog I made a short review about online stock brokers existing in the Philippines stock market. This is a non-negotiable and is the mandatory first step for anyone wanting to buy his first share of stock in Philippine stock market. These brokers, or more appropriately called Trading Participants, place buy and sell orders in the Philippine stock exchange on your behalf as their clients.
List of Accredited Online Trading Brokers in the Philippines
In exchange, they receive some commission for every buy or sell transaction they match for you. No matched order means no commission for them, no deduction from your cash balance. Before, there were only people brokers. If you have parents or grandparents who have invested in stocks, most probably they have done it through live brokers. They would contact their broker buddy thru a phone call, and instruct them audibly their desired transactions.
Online stockbrokers make investing easier for everyone. Aside from that, they charge you smaller commissions compared to live brokers.
That means savings for you! You only need your computer or even a capable cellphone and a fine internet connection, and boom! You see how the market moves. You see the most recent transactions. You see all the prices fluctuating. You see foreign money movements and how other investors are responding. Practically all the information you need is on your screen and the option to buy or sell is with it.
More importantly, you can make money right after digesting all these info with your swift trades. No special reason though. I have shifted to COL Financial later on and opened accounts to other online brokers. Read related story My First Time.
COL Financial formerly Citiseconline , and more commonly known as COL, for one will also allow you to open a trading account with the same minimum initial amount of Php They offer it to starters and and even came up with an investing program called EIP — Easy Investment Program.
The phrase may sound exceptional, but I think they just made up that term to attract small-time investors — a. After all, both of them use almost exactly the same features of their online platform. This bank account will then be linked to your stock trading account, allowing easy and convenient transfer of funds between the two accounts thru online banking.
I actually have accounts in all of them: COL Financial, BPI Trade, Philstocks, FirstMetroSec and BDO Nomura. I also have an account in MakeTrade. COL Financial and MakeTrade contains the big chunk of my investments. I also have some in my BPI Trade linked to my BPI ATM account.
Having three or more brokers is a meaningless exhibition. Having that experience of using multiple online brokers, I propose the following considerations in choosing your own online broker:. The brokersI mentioned above charge you with almost have the same commission and transaction fees.
For small-value transactions, the difference ranges from few centavos to few pesos. With an increase in value of your purchases, this difference will also rise in value.
6 Things Your Philippine Stock Market Broker Won't Tell You
In this aspect, I can say First Metro Sec and BDO Nomura as they have the minimum associated fees possible. But because the difference can be really small, I suggest you based your decision not on this alone. Online brokers with the bank counterparts, namely BPI Trade, FirstMetroSec and BDO Nomura, win in this aspect. As previously mentioned, these brokers allow easy transfer of funds between your trading account and bank account through their online banking portal. COL for example, while allowing funding thru online banking thru online payment to a third party , still requires filling-up a form, and sending it via email or fax when requesting for withdrawals.
The opposite is the case for Philstocks — unless you do it by BDO online payment, you need to send your scanned deposit slip for funding. This of course is not a good option if other brokers let you do it all electronically without the unnecessary fees.
Having speculative stocks for example or stocks with no fundamentals crucially require players not to be left behind from fast rallying or falling stocks. In this kind of rapid market behavior, you would need a trading console that can show you all the relevant action — price movement, recent transactions, foreign entries and exits, etc; and allow easy entering of orders.
I must also say that BPI Trade has just the most boring trading page. FirstMetroSec has also a platform quite similar to COL. It can be a good choice if you have an existing Metrobank account. Other online features and services that cater to more advanced market players can also be a factor. MakeTrade, COL, Philstocks and FirstMetro for example have extensive tools like charting, comprehensive market researches, market calendars and similar useful content to help you guide in your trade decisions.
They can be be useful tools if you aspire to be a skilled trader down the road. Another plus for COL Financial and FirstMetroSec is the availability of Mutual Funds in their platform.
This means if you open an account with either of them, you can actually buy not just stocks but also mutual funds. This is of low priority though, given that by the very nature of online brokers, we seldom make inquiries with their representatives. This also translates to receiving quick feedback when you ask them specific questions.
But you may also want to take advantage of free seminars they organize. Check their website for regular schedules. Some go the extra mile to value high-profile clients. COL Financial for example assigns dedicated Account Relationship Manager if you happen to be one of its premium clients which should have a minimum of 1M portfolio. This resource person makes sure your concerns mostly admin are addressed quickly.
They also organize special events for this group of Premium clients from time to time. Just recently March , I was able to join their Wine Tasting event at Marco Polo Ortigas.
Ultimately, your returns on your investments will heavily depend NOT on your broker but you as a self-directed investor making all the investing trading decisions. Financial has EIP scheduler too you can use as your starting strategy. At any time you decide to do quick short-term trades, you can then just use the tools and researches available for you.
Check this tutorial how to open an account in COL Financial. First Metro Sec is also a great option if you have Metrobank account.
They have minimal researches available though compared to other brokerage companies. MakeTrade and BDO Nomura as mentioned use the same trading platform and are also good for traders. I see MakeTrade as one really good platform for aspiring traders with their automated charting feature called XTrack.
For OFWs or those far from Metro Manila who have an online BDO banking account already, BDO Nomura allows you to open an account with them all online. Some of my previous blogs tackled the value of investing.
And then I shared my first-hand experiences. And then I covered Saving as a prerequisite step for investing. Opening a trading account is like going to a gym for a planned work-out. In chemical kinetics terms, we call it the rate-determining step — that crucial step that when overcame paves the way for the rest of the smooth steps.
As I said earlier, more important than choosing your broker is choosing what stock to buy. As a member, I receive regular stock updates and wealth strategies; know what and when to buy and sell, plus mountain load of other blessings to manage and grown my finances. I am not paid to endorse any of the mentioned online brokers. Those are all coming from my personal experience with them. Find time to check their sites and see what best suits you.
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Sir meron bang investment guide ang first metrosec na kagaya ng sa col finacial.. Curretly nasa stock trading na ako. Thanks sa mga blogs mo. May I know din sir kung may mga blogs ka on Forex? Would you have any idea regarding investing in US based mutual funds and if I can do this using the platforms that you just have mentioned? Thanks in advance sir. Hi Omeng, Just doing my research kung saan ako mag open ng Stock Broker.
Nag open ako ng BDO Account and open UITF on Dividend Investing since naka base ako sa Toronto Canada. Gust to kasi mas malaman at matutunan about dividend investing dito sa bansa natin.
Meron ka ba ma advise website na ma compare yung history ng Dividend na binibigay ng bawat company with comparison to other company. My First Purchase in the Stock Market — Smart Pinoy Investor — Investing and Personal Finance for Pinoys.
Which is a better investment: Stock Market or Mutual Fund? For a start-up Investor, say how much would be the approximate income monthly or annually. Just base on your experience sir. How do i deal with CRA with my foreign investment since its tax season, should i get an accountant to do it for me or is there an easy way to do it your self? With that mindset being said, if you have enough money to buy stocks from different company, could you make it as your source of income?
Because if we look at it if you are gaining some money though it is small, the sum of all of them could make a difference. What do you think? Because as what you have shown us, you have gained a little in investing in one stock.
Imagine you have 5 of that could you imagine the sum? Depende na ito sa market performance. But others look for companies with consistent history of pay out of dividends and are called income investors.
If mas marami kang shares na hawak nila, mas malaki ang dividend income mo. TEL is one of that. Just be clear what purpose you have in buying a stocks — whether for growth price appreciation or income from dividends.
Just to inspire us more, can you tell the results of stock ventures? Gusto ko sana magbukas ng account sa Col pero ang helpdesk nila hindi reliable,, either delay or paibaba ng sagot,, may kakilala ka ba na taga COL na reliable para matulungan ako makapagbukas. Dito ako sa Canada nakabase at sa real estate ako nakafocus,, gusto ko sana matutunan at subukan ang stock market diyan sa Pinas.
Hi Real Estate, better clarify that with COL financial heldesk.. Attend the seminar guys they highly recommend this. You still need to continue your job, this is sort of a security but not guaranteed. But if you have an discipline and knowledge on what kind of stocks you want to invest.. Maricar, Truly Rich Club only optional.
Sir panu po iexecute ang trade ng cost averaging sa bpi trade? Ang option lang po kasi is daily,weekly at monthly…e pano po kapag long term pano po gagawin? Thanks po mga kabayan.
Christian, wala syang facility for that. I have come across an article that explains peso-cost averaging fully well. It illustrates how peso-cost averaging works. The way I see it, peso-cost averaging is not just for bpitrade or COL. It can be used by anybody and for any platform and with any online broker. The idea is—one invests almost THE SAME AMOUNT and REGULARLY like every month or every 15 days EVEN IF STOCK PRICE IS HIGH, and more so if price is low.
He will see the gains of his investments. BUT IT DEPENDS ON THE TYPE OF STOCK HE INVESTS IN. The company must be reliable, well-established, has long been existing and is seen to continue to exist for another 50 years, among other considerations. Peso-cost averaging is a personal strategy and tool. Hi omeng if i join TRC. COL can easily deposit your money to your account BDO, Metrobank, BPI. Hi omeng, i live in cagayan de oro so i am trying to decide which account is best for me.
My first choice is COL as recommended by you and other friends i consulted. But since i live in cagayan de oro, i am worried about the way i transfer and redeem money with COL.
Do you think i should go for firstmetro instead? Are you financially better off now than last year? Photo credit Thanks to internet! The advent of technology makes almost, if not, all aspect of investing painlessly smooth. You see the business world unfolding in your computer screen, real-time and live! My Experience When I started investing, I had Philstocks by Accord Capital Equities as my first broker. Share Email Facebook Twitter Google.
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