List Of Online Stock Brokers In The Philippines

Are you into investing in the stock market and you’re finding a way to invest in a more convenient way?

If yes, then you might want to get an online stock broker.

What is an online stock broker?

Online stock brokers help you invest in the Philippine Stock Exchange, just like what traditional stockbrokers do. The difference is that you’re not dealing with a real person but you get to have access to the brokerage company’s online system, which you can use at your home or at your work place. You’ll just be needing your computer or laptop that has internet access, but before you can start investing you must open an account with them first.

How can I get an online stock broker?

You can get an online stock broker by contacting the brokerage firm or company that offers one. The first thing you must do is secure all necessary things that the brokerage firm or company requires you to submit. Some of these requirements are:

  • Government Issued Valid ID/s (examples are Driver’s License, Passport, Voter’s ID, Senior Citizen ID, PhilHealth Card)
  • Billing statement (such as electric bills, water bills, credit card bills etc.)
  • TIN number, SSS ID number or a GSIS number
  • Filled out application forms given by the brokerage firm or company

*Those requirements above may only be applicable for Filipino citizens, if you are a foreign resident or citizen you can just contact the brokerage firm or company for any other additional requirements that they would be needing from you

How much is the minimum initial deposit requirement to have an online stock broker?

The minimum initial deposit varies depending on where your going to get your online stock broker. Some online stock broker companies only require 5,000 pesos to open an account with them but some may ask you to deposit more. Just to give yourself an idea on how much you’re going to need, you may look at the list below of online stock brokers in the Philippines with some information about them.

READ ALSO:  15 Things You Can Do To Be Rich And Successful In Life (Part 1)
List of Online Stock Brokers in the Philippines with their minimum initial deposit requirement and website’s URL
  • AB Capital Securities, Inc.
    Minimum Initial Deposit: 10,000 pesos
    Website: https://www.abcapitalsecurities.com.ph
  • Abacus Securities Corporation
    Minimum Initial Deposit: 10,000 pesos
    Website: https://www.abacusonline.com.ph
  • Accord Capital Equities Corporation
    Minimum Initial Deposit: 5,000 pesos
    Website: https://www.philstocks.ph
  • Angping & Associates Securities, Inc.
    Minimum Initial Deposit: 5,000 pesos for students and 15,000 pesos for professionals
    Website: https://www.angpingonline.com
  • BPI Securities Corporation
    Minimum Initial Deposit: None but you must have a BPI Direct Account
    Website: https://www.bpitrade.com
  • CitiSecurities, Inc.
    Minimum Initial Deposit: 5,000 pesos or 25,000 pesos
    Website: https://www.citiseconline.com
  • F. Yap Securities, Inc.
    Minimum Initial Deposit: 25,000 pesos
    Website: http://www.2tradeasia.com
  • First Metro Securities Brokerage Corporation
    Minimum Initial Deposit: None for clients with Metrobank Direct Account and 25,000 pesos for those w/o Metrobank Direct account
    Website: https://www.firstmetrosec.com.ph
  • RCBC Securities, Inc.
    Minimum Initial Deposit: Not specified on their site
    Website: https://www.rcbcsec.com
  • Wealth Securities, Inc.
    Minimum Initial Deposit: 10,000 pesos
    Website: https://www.wealthsec.net
About the author

Mark Ross Canaoay

Hello! My name is Mark and I'm the one responsible for this website. I'm just a person with enough knowledge about finance-related stuffs. You can know more about me by liking my Facebook Page, following me on Twitter or by adding me in one of your circles on Google+.

20 comments

Leave a comment: