Buying and selling of stocks have never been this easy. With the use of your mobile phone and internet, you can now buy and sell stocks online. To get started with online trading, all you have to do is create an account and then put funds into your account. It is that easy! However, there are hundreds of online stock brokers available in the Philippines. Do you know which one is right for you? Don’t worry! I’ve hand-picked the BEST stock brokers for you. My list only contains brokers that are accredited by the Philippine Stock Exchange. You can be sure that they are safe and efficient enough to use.
Here’s a quick list of the best online stock brokers
- Philstocks Financial Inc.
- COL Financial (former Citisec Online)
- First Metro Securities
- BDO Nomura
Philstocks Financial Inc.
Philstocks Financial Inc. is a technology-driven online stock broker that allows users to perform online trading. I personally love to use their website because of its user-friendly design. Its interface can perform several functions like charting, buying and selling of stocks and viewing of transaction history. Opening an account with Philstocks is easy too. They only have few requirements and the minimum investment to open an account is only 5,000 Pesos.
Pros: Beginner friendly user interface
COL Financial or formerly known as Citisec Online. It is another great online trading platform worth trying. If not the pioneer, they are one of the pioneers of online stock trading in the Philippines. What I love about COL Financial is their dedication in providing stock market outlook on a daily and weekly basis. The info coming from them are very useful because it can help you make wise decisions while trading. Just like Philstocks, it is easy to open an account with them too. You can open an account for as low as 1,000 Pesos.
Pros: They provide insights that are very useful for the investing public.
First Metro Securities
First Metro Securities or First Metro Sec for short is the stock brokerage company under Metrobank Group of Companies. First Metro Sec is one of the most stable and efficient online trading platform available in the country. They provide FREE SEMINARS that can help you make wise investment decisions. If you have a bank account with Metrobank, funding your trading account will be very easy because it allows you to fund your account using your savings account. You will need 2,500 Pesos to open a trading account with them.
Pros: Free seminars
Other Online Stock Brokers
The list below contains other online stock brokers. I personally haven’t tried them yet so I cannot personally recommend them. The 3 stock brokers I mentioned above are the ones I highly recommend because I personally used those 3 and each has their own unique benefits.
- BDO Nomura
- BPI Securities
- Coherco Securities, Inc
- Wealth Securities, Inc.
- Eastern Securities Development Corp.
- F. Yap Securities, Inc.
- Investors Securities, Inc.
- JAKA Securities Corp.
- Maybank ATR Kim Eng Securities, Inc.
- Papa Securities, Corp.