Stock is the share of ownership of a public listed company in a stock exchange where it is traded by buyers and sellers. An investor trades a stock through his authorized stock broker who directly buy or sells stock. In the past decades, traditional stock broker is the majority broker in a stock market. However, in the current time, there are many online stock brokers offering services to individual investors through trading in the Internet.
Online stock broker is a company that has access in buying and selling stocks in a stock exchange through the Internet. The investor must open a stock account in his preferred stock broker to be able to invest in stocks. He cannot directly buy stocks in the stock market. If you’re a newbie in stock investing, I wrote some articles about how can you invest in stocks which you can see all the articles by clicking the link below:
Popular Online Stock Broker in the Philippines
Like what I said earlier, you should apply for a stock account before you could personally buy stocks. These days it is a lot easier to open an account through stock broker companies that uses Internet in trading stocks. I listed below the most popular online stock broker in the Philippines.
Citiseconline, Inc. (COL) is undoubtedly the number 1 online stockbroker in the Philippines because of its many customers served. It was established in 1999 to offer people and investors a cheap means to invest in Philippine stock market.
COL offers various online trading and services such as automated order placement and execution via the Internet, access to live quotes and other market statistics, online portfolio tracker and research materials and market commentaries. All of these services are available when you have an account with them.
I have a COL account that I use to buy and sell Philippine stocks. I opened an account almost two years ago by visiting their office in PSE Tower, Ortigas, Pasig City. However, you could open an account even you’re outside the Philippines. You only need to send to their address the completed application forms and requirements via registered mail for secure and faster delivery.
In my experience, Citiseconline trading platform is newbie-friendly and you can learn easily how to use their platform. There are many researches and information about the company so you could study which stock you should buy. COL also issues reports about the condition of Philippine and world stock market and what affects the economy as a whole. If you’re looking for ways on how to open an account, you can visit this link to learn how to apply your own account: How to Open a Citiseconline Stock Trading Account
2. BPI Trade
BPI Trade is the stock brokerage company of Bank of the Philippine Islands (BPI). As a BPITrade account owner, you can access live stock market data from Philippine Stock Exchange (PSE) during trading hours, enter your stock market orders online and check all your orders online. Furthermore, you can access reports made by experts from BPITrade, keep track your cash balance and stock holdings and a lot more. If you want to open an account, you can go to this link to learn more on the application process: How to Open a BPI Trade Stock Account.
First Metro Securities Brokerage Corporation or simply FirstMetroSec is the stock brokerage company of First Metro Investment Corporation (FMIC). FMIC on the other hand is the investment arm of Metropolitan Bank and Trust Company. You could visit our post about FirstMetroSec to give you more information about this company and help you decide if it is right for you.
4. RCBC Securities ezTrade
RCBC Securities ezTrade is the stock broker subsidiary of Rizal Commercial Banking Corporation (RCBC), a universal bank in the Philippines that belongs to Yuchengco Group of Companies. It is formerly called Pacific Basin Securities Company, Inc. and began its operation in August 20, 1973 then change its name in July 20, 1995. The corporate address of RCBC Securities ezTrade can be found at 7F Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City Philippines. If you want to open an account, you could visit their sign-up webpage of RCBC Securities ezTrade: http://www.rcbcsec.com/signup.asp
Philstocks is another stock brokerage company who are becoming popular these days. Before I opened an account at Citiseconline, I stumbled first at Philstocks but was not able to open an account at that time because I didn’t see the procedures on how to do it.
Philstocks is owned and operated by Accord Capital Equities Corporation. It is a brokerage firm that has gained a good reputation through the years since it was established in 2001. You can try Philstocks stock trading platform by signing up for a 7-day free trial by visiting their site posted on the top.
2TradeAsia is the last but not the least in our list of online stock broker in the Philippines. It is managed by Yapster e-Trade, Inc. which was incorporated with the Securities and Exchange Commission (SEC) in May 18, 2000 as a licensed online stockbroker.
Yapster e-Trade, Inc. is one of the Internet companies operated and managed by Yapster e-Conglomerate, Inc. 2TradeAsia.com was launched in September 13, 2000 with a feature of combining relevant stock market data with established portfolio management capabilities. It was also granted a pioneer status by the Board of Investments of the Philippines (BOI) in February 12, 2001 as first stock broker in the Philippines to provide a whole solution that integrates trading, financial planning and portfolio management capabilities online.
Disclosure: I have no working relationship with the companies mentioned in this article nor was paid to endorse them. This post is purely for information purposes only.