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Questions about using BPI Trade online

butchick · 29 · 17534

butchick

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on: Feb 03, 2010, 10:11 AM
Hi guys,

I started investing on stocks through BPI Trade.

I have one question to those who already familiar with it. I invested yesterday on MWC stocks(Manila Water Corp). Its been a few days that i have offered to buy the stocks at the lowest bid price but never got matched. So i decided to match the lowest offer price to be able to buy it. After a few minutes i got a confirmation that my purchased has been matched.

Now my question is why i offered a price of Php 15.50 but lately after browsing through i noticed that my purchase price was not on the history of buy and sell. Sometimes I do see it but not this time and all the price on the history is only Php 15.25. Its okay if i paid more for my MWC stocks but how come it never appear. Did BPI manage to match my order within BPI? How will my purchase affect the market if its not going through.

Thanks in advance to those who are willing to enlighten me  :D
« Last Edit: Feb 03, 2013, 10:41 PM by FutureGizmo »


theEdge

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Reply #1 on: Feb 03, 2010, 01:07 PM
there were transaction done at 15.50 on the day you bought your MWC bacause the stock closed at 15.50 on that day.most of the time info on bpi trade are delayed or inaccurate.if you want to get done immediately buy at the ask price and sell at the bid price,the market price is the ask price.the only time you'll be able to get the bid price is when the the stock price go lower than the ask price on that day. :D


butchick

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Reply #2 on: Feb 03, 2010, 02:25 PM
 :applause:
 :thankyou:

Ah ok so thats how to close my buy and my future sell.

I just checked my portfolio and they put a market price of my PNB as Php21.75 and I check the stock info page and the highest bid price is 21.75 while the lowest offer price is 22.00. The last price closed at 22.00 and the average price for the day since i checked it after closing is 22.1395. SO why they put lesser market price than its actual market price.

On the history where you can see the time and the price as well as the volume of shares traded, an S means sell right? So how come the closing price is under the offer price and not on the bid price which is Php21.75.

Im beginning to get discouraged in investing with BPITrade. Back to Philequity fund nalang. Last Year I made 55% profit after one year of holding it and not even applying the averaging method which i planned to.


madoff

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Reply #3 on: Feb 03, 2010, 03:50 PM
Your stock price is only worth how much a buyer is willing to buy it, thus the highest bid price is the correct value of your stock.

As the Edge said, BPI Trade info is often delayed or inaccurate, that's my best guess for your 2nd question and the main cause of your discouragement.

I recommend you transfer to citiseconline for a better experience. All the other local online trading brokers are simply below par to it.


GoodSteward

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Reply #4 on: Feb 04, 2010, 12:01 AM
I second the motion, citiseconline is really good...Im a newbie but so far their system works perfectly fine, no delays no interruptions...


bauer

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Reply #5 on: Feb 04, 2010, 11:36 AM
bpitrade is fine with me.  we need a guarantee against 'unexpected brokerage closure' in the future.  i dont want to hold an empty bag just in case.

bpitrade compared to philequity and citisec?  check their capital and the shareholders' financial capacity.  then you will know which one is better.


jao101

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Reply #6 on: Feb 09, 2010, 08:58 PM
I agree with bauer but bpitrade online system is really very jurassic.

for butchick, I have both bpitrade and citiseconline, to be honest I prefer citiseconline but I maintain my bpitrade account at the same time. I put my long term portfolio in my bpitrade account, stocks which I kept for their high dividend yield for steady cashflow income. for your question why they quote your shares lower than the last transacted price? for your portfolio computaion, they are using the bid price and not the closing price. for example PLDT closed at 2500 per share, but the last bid price was 2480 per share, bpitrade will compute your portfolio @ 2480, this for me is ok meaning anytime you wish to sell your share at 2480, there is a buyer waiting to buy your share.

you can try citiseconline, their initial investment requirement is only PHP 25,000.00


brownie

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Reply #7 on: Feb 10, 2010, 07:01 PM
Has anybody tried the high/low price alerts through email/text w/ bpitrade, do they actually work?


bauer

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Reply #8 on: Feb 11, 2010, 11:19 AM
yes, bpitrade will send it to your email within the trading day


brixxx214

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Reply #9 on: Feb 11, 2010, 11:27 AM
agree din dito!  maski bpi is a big name in the industry, sablay ang online platform ng stock trading nila. delayed lagi.

Citiseconline is still the best out there.   :rakenrol:


butchick

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Reply #10 on: Feb 11, 2010, 11:45 AM
 :applause:

Thanks to all of your reply guys...

I was thinking that we are only allowed to have broker to avoid price fixing. On the questionaire kasi meron doon asking if we are connected to another brokerage company. So if its okay then ill open another account in Citisec.
Actually it was my first choice but all my savings and cecking account is under BPI so for my convenience of transferring to and from my bpitrade account i chose to place it under one roof.

Again thanks, sana alam ng madla kung ano mga pinagagawa natin dito para di sila maiwan sa progress natin. :harhar:


Siddarth

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Reply #11 on: Feb 22, 2010, 08:20 PM
What is the best online trading stock site to buy penny stocks? I want to invest in penny stocks and mainstream stocks but some major online brokers dont offer penny stock trading. What do you use / think is the best?


git2k9

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Reply #12 on: Feb 01, 2013, 02:34 PM
yes, bpitrade will send it to your email within the trading day

Its already 2013.. hanggang ngaun delayed ang BPI trading! nakakainis! I cannot cancel my orders immediately lalo n kung mali ung order mo.. yari ka!

wag na kau mag bpi trading online.

nakakahiya ang tag line nila..

Secure. Online Trading. Real-Time  ( real-time delayed )


git2k9

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Reply #13 on: Feb 01, 2013, 02:37 PM
Order Received by BPITrade    Feb 1, 2013 11:26:51 AM
Order Received by PSE    Feb 1, 2013 1:45:34 PM

on that time before the recess ang laki ng pinagbago ng price ng stock. i was not able to cancel my order and change to a new one. grrrr


george88

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Reply #14 on: Feb 01, 2013, 04:23 PM
ayos alng ang bpi for long term tipong COL-EIP ang dating ganun din naman pag nagopen ka ng below 25k sa citisec online pili lang din mabibili or di ka pwede mag day trading...kung day trader ka go to COL kung buy and hold ka ayos na BPI


 


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