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Thursday, September 18, 2014

Best Stock Broker in the Philippines

Choosing your first stockbroker is one of the first hurdles that every self-directed investors/traders have to accomplish towards achieving their financial goals.

According to Wikipedia, a stockbroker is a regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells stocks and other securities for both retail and institutional clients, through a stock exchange or over the counter, in return for a fee or commission.

Given this, the question: "Who's the best stockbroker?" is usually the first question the comes to mind. But in a relatively young stock market such as the Philippines, investors who are just starting out usually find themselves in a difficult situation on answering this question because there is very few information out there.

So our friends in PinoyMoneyTalk.com (PMT) conducted a survey on who is the best stockbroker in the Philippines to help guide those eyeing to open their first stock trading account. Below are the results as of this writing.

We hope this consolidated lists help you in deciding on w/c Philippine-based stock broker you will open an account with.


RankStock Broker/Company NameWebsiteMiniumum InvestmentBroker's CommssionAffilate Banks for Account Funding
1COL FINANCIAL GROUP INCwwww.colfinancial.comPHP 5,000 (COL Starter)
PHP 25,000 (COL Plus)
PHP 1 Million (COL Premium)
0.25%BPI, BDO, Metrobank
2BPI SECURITIES (BPI TRADE)www.bpitrade.comNo minimum0.25%BPI
3ACCORD CAPITALwww.philstocks.phPHP 5,0000.25%BPI, BDO
4FIRST METRO SECURITIESwww.firstmetrosec.com.phPHP 25,0000.25%Metrobank
5WEALTH SECURITIESwww.wealthsec.comPHP 10,0000.25%UnionBank, BDO, BPI, EastWest Bank, RCBC, Metrobank
6AB CAPITAL SECURITIESwww.abcapitalsecurities.com.ph/PHP 50,0000.25%Metrobank
7UNICAPITAL SECURITIESwww.utradeph.comPHP 10,0000.25%BDO, BPI, Chinabank, Malayan
8ANGPING & ASSOCIATES SECURITIESwww.angpingonline.comPHP 5,000 (for students)
PHP 15,000 (for professionals)
0.25%Metrobank
9RCBC SECURITIESwww.rcbcsec.comPHP 10,0000.25%RCBC
10ABACUS SECURITIESwww.abacusonline.com.phPHP 10,0000.25%Metrobank, BDO, RCBC
112TRADE ASIA SECURITIESwww.2tradeasia.comPHP 25,0000.25%RCBC, BDO
12DA MARKET SECURITIES (ITRADE)www.itrade.phPHP 50,0000.25%BPI, BDO, Metrobank, RCBC
N/AMAYBANK ATR KIM ENG SECURITIES*www.maketrade.com.phPHP 25,0000.25%BPI, BDO, Metrobank, Maybank

*Maybank ATR KIM was not included in the survey conducted by PinoyMoneyTalk.com hence the N/A in ranking



Actual Survey Results:

Survey Results for "Who is the best stockbroker for you?"





Survey Results for "Which online stockbroker do you have an account with?"




Survey Source: PinoyMoneyTalk.com

DISCLAIMER: 
This is not an investment advice and the author shall not be responsible or liable for any trading or investment decisions made based on this information.
The author hereby expressly disclaims any responsibility for any error or inaccuracy in the information.

2 comments:

  1. Why was MAKETRADE not included in the survey?

    ReplyDelete
    Replies
    1. Hi Anonymous,

      We do not know why PinoyMoneyTalk.com (PMT) did not include MAKETRADE in the survey. Please contact them regarding your query.

      Cheers,
      Kenny

      Delete