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Fees charged by Philstocks.ph?

mark23mk · 6 · 4220

mark23mk

• Newbie
• Posts: 2
on: Mar 07, 2014, 11:41 PM
Hi,
i'm new to stock market and this forum, someone can help me to understand how the fees are calculated in philstock??

Let's say I want to buy JGS: 10 shares ; 49.00 price ; Normal Lot, DAY validity.

in the form i got fees 22.56  and grand Total 512.56.

how that 22.56 are calculated???
0.25% is only 12.25!! someone help me pls!

this is from philstock:
The commission for online trading (selling or buying securities) is at 0.25% of the gross trade amount, or Php20 for minimum volume traded, whichever is higher. The Value Added Tax (VAT) is 12% of the commission. There is also a .01% charge of the gross trade amount for Securities Clearing Corporation of the Philippines (SCCP). An additional fee for selling is also computed by the product of the following: (Sales Tax = No. of shares * Price * 0.005).
« Last Edit: Mar 24, 2014, 03:27 PM by FutureGizmo »

INDO

• PMT Jedi 2000
• Posts: 2,283
Reply #1 on: Mar 08, 2014, 04:59 PM
Hi,
i'm new to stock market and this forum, someone can help me to understand how the fees are calculated in philstock??

Let's say I want to buy JGS: 10 shares ; 49.00 price ; Normal Lot, DAY validity.

in the form i got fees 22.56  and grand Total 512.56.

how that 22.56 are calculated???
0.25% is only 12.25!! someone help me pls!

this is from philstock:
The commission for online trading (selling or buying securities) is at 0.25% of the gross trade amount, or Php20 for minimum volume traded, whichever is higher. The Value Added Tax (VAT) is 12% of the commission. There is also a .01% charge of the gross trade amount for Securities Clearing Corporation of the Philippines (SCCP). An additional fee for selling is also computed by the product of the following: (Sales Tax = No. of shares * Price * 0.005).

it seems may hidden charges... given the data above yung nacompute kong fees lang dapat is 22.449 pesos. Since 22.56 pesos yung fees na nakita mo sa form, sa nacompute ko meron pang 0.0225% charge of the gross trade amount na dinagdag (ito yung hidden na sinasabi ko).

hindi ba naka detalye sa form mo kung anu-ano yung fees na binawas sa iyo?
« Last Edit: Mar 08, 2014, 05:01 PM by INDO »

yllor

• PMT Idol 1000
• Posts: 1,059
Reply #2 on: Mar 08, 2014, 05:22 PM
Philstocks have a the following fee computation (i think)

Broker's Fee: 0.25%; Php20.00 dahil eto ang minimum
VAT: 12%; Php2.40
PSE fee: 0.0222%; Php0.11
SCCP Fee: 0.01%; Php0.05

Total: Php22.56

INDO

• PMT Jedi 2000
• Posts: 2,283
Reply #3 on: Mar 08, 2014, 05:40 PM
ayun may PSE fee pala, hindi pala hidden charges hihi

mark23mk

• Newbie
• Posts: 2
Reply #4 on: Mar 10, 2014, 03:05 AM
Broker's Fee: 0.25%; Php20.00 dahil eto ang minimum
VAT: 12%; Php2.40
PSE fee: 0.0222%; Php0.11
SCCP Fee: 0.01%; Php0.05

where did you get the PSE fee percentage?
thank you

apingdaldal

• Forum Expert 600
• Posts: 669
Reply #5 on: Mar 10, 2014, 08:54 AM
Broker's Fee: 0.25%; Php20.00 dahil eto ang minimum
VAT: 12%; Php2.40
PSE fee: 0.0222%; Php0.11
SCCP Fee: 0.01%; Php0.05

where did you get the PSE fee percentage?
thank you

Broker's commission is 0.25% of your transaction or Php 20 whichever is higher.  In your case, Broker fee will be 20 pesos.  then 12% VAT of 20 pesos is Php 2.4 which makes your commission fee to Php 22.40

Then add the SCCP and PSE transfer fee.  By the way,   PSE Transfer fee is 0.005%.

Im getting 22.47 in my excel sheet instead of 22.56 though since mine is rounded down in the nearest 2 decimal places.  But you can easily get Php 512 + a few centavos in your transaction.

You want to make the most of of your transaction?  As much as possible, make Php 8k worth of transaction.  0.25% of 8K is 20 pesos.

« Last Edit: Mar 24, 2014, 03:31 PM by FutureGizmo »

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