Survey: Best stockbrokers in the Philippines?


Stockbrokers play a critical role because all trades in the Philippine Stock Exchange have to be done through a broker. That’s why getting a good broker is as essential as making the correct investment choices.

There are dozens of companies offering stock brokerage services in the Philippines. We summarize below 12 of the most popular online stock brokerage firms in the country.

In the table below, we compare the broker’s commission, the minimum amount needed to open an account, and funding options offered by each broker.

StockbrokerWebsiteMinimum InvestmentBroker's CommissionAffiliate Banks for Account Funding
AB CAPITAL SECURITIES, INC.www.abcapitalsecurities.com.phPHP 50,0000.25%Metrobank
ABACUS SECURITIES CORP.www.abacusonline.com.phPHP 10,0000.25%Metrobank, BDO, RCBC
ACCORD CAPITAL EQUITIES CORP.www.philstocks.phPHP 5,0000.25%BDO and BPI
ANGPING & ASSOCIATES SECURITIES, INC.www.angpingonline.comPHP 5,000 (for students); PHP 15,000 (for professionals)0.25%Metrobank
BPI SECURITIES CORP.www.bpitrade.comNo minimum0.25%BPI
COL FINANCIAL GROUP INC.www.colfinancial.comPHP 5,000 (COL Starter); PHP 25,000 (COL Plus); PHP 1 million (COL Premium)0.25%BPI, BDO, Metrobank
DA MARKET SECURITIES, INC.www.itrade.phPHP 50,0000.25%BPI, BDO, Metrobank, RCBC
F. YAP SECURITIES, INC.www.2tradeasia.comPHP 25,0000.25%RCBC and BDO
FIRST METRO SECURITIES BROKERAGE CORP.www.firstmetrosec.com.phPHP 25,0000.25%Metrobank
RCBC SECURITIES, INC.www.rcbcsec.comPHP 10,0000.25%RCBC
UNICAPITAL SECURITIES, INC.www.utradeph.comPHP 10,0000.25%BDO, BPI, Chinabank, Malayan
WEALTH SECURITIES, INC.www.wealthsec.comPHP 10,0000.25%UnionBank, BDO, BPI, EastWest Bank, RCBC, Metrobank

As regards commission, all online stock brokers in the Philippines offer the same commission charge — 0.25%. (To know how the commission is computed in your trades, read Fees and Charges when Buying or Selling Stocks)

Regarding how much money is needed to open an account with brokers, the minimum varies per broker. In BPI Securities (BPI Trade), there is no minimum required but, of course, you need to fund your trading account first before you can make a trade. BPI Trade is linked with BPI and BPI Family so it is easy to transfer and withdraw funds from/to your brokerage account.

Angping Securities, Citisec Online (COL) and Accord Capital all offer a basic account for only P5,000.

Angping Securities requires a minimum of P5,000 for students while professionals can trade for a minimum of P15,000. COL’s starter account is P5,000 but the minimum needed to open a COL Plus account is P25,000.

Other brokerage firms’ minimum ranges from P10,000 to P50,000.

Most brokers have partnership with the largest banks in the country so funding and withdrawal is easy, although it usually takes up to 3 days before any withdrawal from your trading account is transferred to your bank’s savings account.

We hope the matrix above helped you decide the best stock broker for you.

Time now for you to tell us your preferred broker! Vote in our poll below and write your opinions about your brokers in the Comments section below!

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