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Wednesday, January 18, 2012

Online Stock Trading in the Philippines



Soon I would be doing online stock trading at the Philippine Stock Exchange. I was been fascinated and excited about stock trading after hearing a lecture by a professor from University of the Philippines and after hearing about the story of the Oracle of Omaha. Right now I am on process of choosing which online stock broker here in the Philippine would I choose but I trim down my choices to three online stick broker: the CitisecOnline , BPITrade and Philstock. To learn more a about services of CitisecOnline and stock trading in general, I would attend their seminar, “Investing in the Stock Market Today” on January 24, 2012. I would post here what would I learn from that seminar.

To be able to choose which among the three the best based on the criteria that I learn from reading about online stock trading. All the details is in the table for analysis.


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, BankStatement
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


Hopefully before January ends I could choose what I think is the best online broker.

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