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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.
I’ve always had this love-hate relationship with the Bank of the Philippine Islands (BPI).
In the past, I’ve ranted about their customer service, the ATMs that do not dispense cash, BPI’s smartphone iOS app which proved too tedious to download and my missing stocks in BPI Trade’s online trading platform.
I’ve been severely disappointed by them so many times, but they also provide me conveniences and perks that make me stay. Ours is indeed a whirlwind of a relationship but to this date, I can say I’m still generally satisfied with BPI.
Here’s another one of those stories that makes me like them.
Back in 2009, we listed down Philippine stock brokers offering then an online trading platform. Times have changed and, four years later, more brokers have started offering online trading, with some attempting to differentiate their service.
Those interested to trade stocks in the Philippine Stock Exchange (PSE) can choose to employ a live broker or an online stock brokerage firm. Either method has its own advantages and disadvantages and will be the subject of a separate article in the future.
For now, we’ll focus on online stock trading platforms. A list of available online stockbrokers in the Philippines can be found in this link.
Two of the most popular online stock trading platform providers are CitisecOnline (COL) and BPITrade. We have previously explained how to open a Citisec stock trading account. In this article, we will discuss how to open a BPITrade account.
