According to the official website of the Philippine Stock Exchange (PSE) www.pse.com.ph. There is a total of 33 accredited online stock brokers that are currently offering online trading platforms to their clients in the Philippines.
I have listed in this post all the names of the online brokers including their websites, and their respective minimum deposits. This will help you get a glimpse of what the particular online stock broker has to offer.
The list is arranged based on the brokers which have the lowest initial deposit of Php 5000, Php 10000, Php 20000, up to the highest which is Php 1 Million. If your starting capital is 5K or 10K then I suggest that you check the brokers that accept 5K to 10K pesos starting capital.
Take note, however, that some data may have changed from the time of posting so be responsible to at least check the broker’s official website, which I have included in this post, for updates about the requirements and latest minimum starting balance.
Read also: How to Select the Best Stock Broker in the Philippines
Table of Contents
7 Online Stock Brokers with Php 5000 Minimum Deposit
Brokerage Firm Name: Alpha Securities Corporation
Website: https://alpha.psetradex.ph
Platform, Services: Online
Minimum Starting Balance: Php 5,000.00
Brokerage Firm Name: COL Financial Group, Inc.
Website: www.colfinancial.com
Platform, Services: Online
Minimum Starting Balance: 5000.00
Brokerage Firm Name: Eastern Securities Development Corporation
Website: www.eastern-sec.com
Platform, Services: Online, with research
Minimum Starting Balance: 5000.00
Brokerage Firm Name: Globalinks Securities and Stocks, Inc.
Website: www.globalinks.com.ph/
Platform, Services: Online, with research
Minimum Starting Balance: 5000.00
Brokerage Firm Name: Lucky Securities, Inc.
Website: http://luckyseconline.psetradex.ph
Platform, Services: Online
Minimum Starting Balance: Php 5,000.00
Brokerage Firm Name: Philstocks Financial Inc.
Website: www.philstocks.ph
Platform, Services: Online
Minimum Starting Balance: Php 5000.00
Brokerage Firm Name: BA Securities Inc.
Website: http://baseconline.psetradex.ph
Platform, Services: Online
Minimum Starting Balance: Php 5000.00
4 Online Stock Brokers with a Minimum Deposit of Php 10,000
Brokerage Firm Name: Triton Securities Corporation
Website: https://triton.psetradex.ph/
Platform, Services: Online, with research
Minimum Starting Balance: 10,000.00
Brokerage Firm Name: UCPB Securities, Inc.
Website: www.ucpbsec.com/
Platform, Services: Online
Minimum Starting Balance: 10,000.00
Brokerage Firm Name: Unicapital Securities, Inc.
Website: www.utradeph.com
Platform, Services: Online
Minimum Starting Balance: 10,000.00
Brokerage Firm Name: RCBC Securities, Inc.
Website: www.rcbcsec.com
Platform, Services: Online
Minimum Starting Balance: 10,000.00
Brokerage Firm Name: AB Capital Securities, Inc.
Website: www.abcapitalsecurities.com.ph
Platform, Services: Online, with research
Minimum Starting Balance: Php 10,000
4 Online Stock Broker with Php 20,000 Minimum Investment
Brokerage Firm Name: Meridian Securities Incorporated
Website: www.meridiansec.com.ph
Platform, Services: Online
Minimum Starting Balance: Php 20,000.00
Brokerage Firm Name: Wealth Securities, Inc.
Website: www.wealthsec.com
Platform, Services: Online
Minimum Starting Balance: Php 20,000.00
Online Stock Brokers with 25000 Php Starting Deposit
Brokerage Firm Name: F. Yap Securities, Inc.
Website: https://fyapsecurities.com/
Platform, Services: Online
Minimum Starting Balance: Php 25,000.00
Brokerage Firm Name: HDI Securities, Inc.
Website: www.hdisecurities.com
Platform, Services: Online
Minimum Starting Balance: Php 25,000.00
Brokerage Firm Name: Timson Securities, Inc.
Website: www.timson.com.ph
Platform, Services: Online
Minimum Starting Balance: 25,000.00
Brokerage Firm Name: Regina Capital Development Corporation
Website: www.reginacapital.com/
Platform, Services: Online
Minimum Starting Balance: 25,000.00
Brokerage Firm Name: Optimum Securities Corporation
Website: http://optimumonline.psetradex.ph
Platform, Services: Online
Minimum Starting Balance: 25,000.00
Brokerage Firm Name: JAKA Securities Corporation
Website: www.jakagroup.com/
Platform, Services: Online
Minimum Starting Balance: Php 25,000.00
Online Stock Broker with Starting Deposit of Php 50,000
Brokerage Firm Name: A and A Securities, Inc.
Website: http://aasecuritiesinc.psetradex.ph
Platform, Services: Online, with Research
Minimum Starting Balance: Php 50,000.00
Brokerage Firm Name: AP Securities Incorporated
Website: www.apsecuritiesinc.com.ph
Platform, Services: Online, with research
Minimum Starting Balance: Php 50,000.00
Brokerage Firm Name: COHERCO Securities, Inc.
Website: www.coherco.ph
Platform, Services: Online
Minimum Starting Balance: 50,000.00
Brokerage Firm Name: AAA Southeast Equities, Inc.
Website: www.aaa-equities.com.ph
Platform, Services: Online, with research
Minimum Starting Balance: Php 50,000.00
Brokerage Firm Name: DA Market Securities, Inc.
Website: https://itrade.ph
Platform, Services: Online
Minimum Starting Balance: Php 50,000.00
Brokerage Firm Name: Investors Securities, Inc.
Website: https://investorsonline.psetradex.ph/
Platform, Services: Online
Minimum Starting Balance: Php 50,000.00
Brokerage Firm Name: Papa Securities Corporation
Website: www.papasecurities.com
Platform, Services: Online
Minimum Starting Balance: Php 50,000.00
Online Stock Broker with Php 100,000.00 Starting Deposit
Brokerage Firm Name: ABACUS Securities Corporation
Website: www.abacus-sec.com
Platform, Services: Online, with research
Minimum Starting Balance: Php 100,000.00
Online Stock Broker with Php 1,000,000.00 Starting Deposit
Brokerage Firm Name: Maybank ATK Kim Eng Securities, Inc.
Website: https://maybanktrade.psetradex.ph
Platform, Services: Online
Minimum Starting Balance: Php 1,000,000.00
Online Stock Broker with Not Indicated Starting Deposit
Stock Broker Name: BDO Nomura Securities, Inc.
Website: www.bdo.com.ph/bdonomura
Platform, Services: Online
Minimum Starting Balance: Not Indicated
Stock Broker Name: BPI Securities Corporation
Website: www.bpitrade.com
Platform, Services: Online
Minimum Starting Balance: Not Indicated
Stock Broker Name: First Metro Securities Brokerage Corporation
Website: https://www.firstmetrosec.com.ph/
Platform, Services: Online
Minimum Starting Balance: Not Known
Stock Broker Name: VC Securities Corporation
Website: http://vcsecurities.biz/
Platform, Services: Online, with research
Minimum Starting Balance: Not Available
Now that I have listed all the online stock brokers in the Philippines, what you need to do next is choose the right one for you. You can read the 4 factors you should consider when choosing one. Afterward, check their respective websites, read their about page, and open a demo account.
You can also attend the free stock market seminar offered by the Philippine Stock Exchange and some online brokers to boost your learnings about this particular financial instrument that you want to utilize.
5 Best Online Stock Brokers in the Philippines
Here is the list of top 5 online stock brokers in the Philippines so you can kickstart investing or trading in the stock market. These brokers require you to register for an account with them.
You also need to send a photocopy of your valid ID, TIN number and need to send them the minimum starting amount.
Stock Broker Name: AAA SOUTHEAST EQUITIES, INCORPORATED
- Office Address: Ayala Tower One and Exchange, Unit 1511, Ayala Avenue corner Paseo de Roxas Makati City
- Contact Details: (02) 84-03-29-27 / Email: support@aaa-equities.com.ph
- Website: https://aaa-equities.com.ph/
- Minimum cost to open an account: P20,000
- Platform Availability: Desktop/Website, Smartphone, and Tablet App
- Requirements to open an account: properly filled out a registration form, and 2 valid IDs including but not limited to your Philippine passport, driver’s license, SSS ID, and valid Philhealth ID.
AAA Equities is currently the first and only stock brokerage firm in the Philippines that offers conditional orders.
This means you can set your buy and sell triggers and their platform is the one that will execute it for you. When the triggers are hit, you can buy on breakouts and cut your losses automatically. You can trade anytime, anywhere, even when you are not in front of your computer.
Broker Name: 2TradeAsia
- Office Address: 17th Floor Lepanto building 8747 Paseo de Roxas Makati, 1226 Philippines
- Contact Details: (+632) 8856-7680 / Email: customercare@2tradeasia.com
- Website: www.2tradeasia.com
- Starting investment to open an account: P25,000
- Platform Availability: Desktop/Website, and Mobile App
- Requirements to open an account: Properly filled out online application form, print and sign your application form, and photocopy of two valid IDs showing your photo and signature. Send all your requirements to their office address.
2TradeAsia was launched in September 2000. They are a licensed stockbroker that has been part of the Securities and Exchange Commission (SEC) since May 2000.
2TradeAsia is recognized by the Board of Investments as the first online trading site that offers services such as integration of trading, portfolio management, and financial planning back in 2001.
Broker Name: COL FINANCIAL formerly CitisecOnline
- Office Address: 2403B East Tower, Philippine Stock Exchange Center, Exchange Road, Ortigas Center, Pasig City 1605 Philippines
- Contact Details: +632 86515888 / Email: helpdesk@colfinancial.com
- Website: www.colfinancial.com
- The minimum investment to open an account: P1,000 for starter account, P25000 for plus account, and P1,000,000 for a premium account.
- Platform Availability: Desktop / Website
- Requirements to open an account: Properly filled-out forms, 1 photocopy of Philippine government issued valid ID.
COL Financial formerly known as CitisecOnline is one of the oldest online stock broker based in the Philippines. It is established in 1999 by Edward Lee. Currently, it is serving more than 200,000 customers comprising of individuals based in the Philippines and foreign citizens.
COL Financial has this Easy Investment Program (EIP) that helps retail investors maximize returns and minimize risk through Peso-cost-averaging. They also offer free stock market seminars at their various offices in the Philippines.
Broker Name: Timson Securities, Inc. (TIMSON TRADE)
- Office Address: Suite 3310 Robinsons Equitable TowerADB Avenue Ortigas, Pasig City 1605 Philippines
- Contact Details: (+632) 8 633 0344 / (+632) 8 631 0876 / Email: cs@timson.com.ph
- Website: https://timson.com.ph
- Minimum cost to open an account: P 100,000.00
- Platform Availability: Desktop
- Requirements to open an account: Properly filled out Customer Account Information Form (CAIF), print it and sign. Photocopies of 2 valid government IDs for Filipino citizens. Photocopy of proof of billing such as your credit card bill, bank statements, and utility bills.
Timson Securities Inc. is one of the leading stock brokerage firms in the Philippines. The company was incorporated in May 2013. It caters to retail and institutional investors based in the Philippines, and abroad. If you want to be familiar with their trading platform, you can open a 5-day trial account.
Broker Name: Philstocks Financial Inc.
- Office Address: G/F Unit EC-05B East Tower Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City Philippines 1605
- Contact Details: (+632) 8588-1900 / Email: info@philstocks.ph
- Website: www.philstocks.ph
- Minimum cost to open an account: P5000.00
- Platform Availability: Desktop and Mobile app
- Requirements to open an account: To register for an account you can visit https://registration.philstocks.ph/ fill up the necessary information. Then follow the instruction thereafter. You also need to provide 2 valid primary IDs or 1 primary ID and 2 secondary IDs. Bring or send all the requirements at the Philstocks head office in Pasig City or branch office in ETY Building in Binondo Manila.
PhilStocks formerly known as Accord Capital Equities Corporation was established in 2001. Their aim is to provide precise and top quality trading experience utilizing state of the art technology and offering a high quality of service and customer support. Their headquarters is in Pasig city and they also have a branch office in Binondo, Manila.
How to Open an Online Stock Trading Account for Beginners in 5 Easy Steps
Step 1: Fill up the application form
Depending on the online stock broker, you need to download, print, and completely fill up the application form.
You need to type in the details of your complete name, permanent and alternative mailing address, beneficiaries, country of birth, citizenship, SSS number, permanent and present address, occupation, business, and other personal details.
Step 2: Prepare the Requirements
Photocopy all the requirements. Inquire with your chosen stock broker about the additional requirements.
Step 3: Mail All the Documents to the Brokerage Firm Address
In some cases, and to make the application faster, some brokerage firms may request you to email them the scanned copies of your documents. Afterward, you need to mail the hardcopy of the documents to their office mailing address.
Step 4. Deposit the Starting Minimum Balance to the Stock Broker
Every accredited stock broker has its own minimum peso value for the starting balance. Based on their requirements, deposit the value to their bank account.
Email them a copy of your deposit slip or money transfer reference number for fast verification.
Step 5. Wait for your Username and Password
This is usually sent through your registered email address. Wait for a few hours or days as it may take time for them to verify your money transfer. Afterward, start trading or investing in the stock market.
Frequently Asked Questions about Online Brokers
How many Stock Brokers are there in the Philippines?
Based on the directory of PSE as of 2021, there are 130 registered stockbrokers in the Philippines, 33 of which offers an online trading platform to its clients. These firms cater to investors/traders classified as retail, institutional, and foreign.
What are the Requirements to Open an Online Trading Account
Based on the online stock brokers that I have checked, the basic requirements to start a trading account are the following:
- Valid email address
- Personal contact number
- Completely filled out application form
- Scanned or photocopied 2 valid government or company-issued IDs
- Photocopy of a valid passport for non-resident foreigners
- Alien certificate of registration for resident foreign citizens, work permit from DOLE
- Minimum starting balance
- Tax Identification Number (TIN)
The requirements vary depending on your residency status or citizenship.
How much Funds Do I Need to Start Investing in the Stock Market?
For beginners, you can start investing in the stock market in the Philippines with just 1000.00 pesos through COL Financial’s Easy Investment Program (EIP).
In general, the minimum balance depends on your chosen stockbroker. There are stock brokerage firms that require starting balance ranging from PHP 5000.00 to as high as Php 100,000.00 before you can open an investing or trading account with them.
How much are the Stock Broker Fees and Charges in the Philippines?
The broker’s commission fee is around .25% of the gross trade amount. However, there is a minimum charge of Php 20.00 per transaction, or whichever is higher.
If you want a broker-assisted trade, meaning the broker will be the one to execute the buying and selling for you, the commission cost will be much higher.
Aside from the commission, there are other fees and charges when buying and selling stocks through a brokerage firm. The fees include value-added tax (VAT), Philippine stock exchange transaction fees, Securities clearing corporation of the Philippines Fee, and Sales tax.
The fees usually are computed based on the gross trade amount of the transaction, and the number of shares.
If you want to transfer your current stockholdings to another stockbroker. The cost would be Php 75.00 per stock name/company regardless of the quantity of the shares.
Can I buy Shares of Companies in the Philippines without a Stock broker?
You need to open an account from a PSE accredited brokerage firm before you can start investing/trading in the stock market.
You can buy stocks the traditional way, which is by giving phone calls or written instructions to assigned licensed stockbroker of your chosen brokerage firm buy directly online using your electronic trading account.
Can I Grow My Investment Through Stocks Investing / Trading?
The answer is both ‘YES’ and ‘NO’. This may be subjective but allow me to give you an example scenario of how you can grow your investment and also how you can end up in a ‘Loss’ where 50 to 60 percent value of your investment were sadly gone.
Here is the first stock example: Macroasia Corporation with stock code MAC
If you were able to buy on a breakout of the stock and sold it after it broke down from 20MA moving average. You probably grow your investment 100 percent in just a span of 3 months. This particular scenario answers your question with a ‘YES.’
Here is the second stock example: Xurpas Incorporated with stock code X
If you were able to buy on the breakdown of support and hold the stock for one hundred trading days. Then in a span of roughly 4 months, your investment has incurred a loss equivalent to 67 percent of its original value. This particular scenario answers your question with a ‘NO.’
The outcome is really based on the stock you will buy and the time you bought and sold it.
There you have it. I hope this helps you guys when choosing your online stock broker and also when you are about to invest or trade in the Philippine Stock Exchange.
can you recommend a broker that doesn’t require a tin number like COL? I’m an OFW and we are not required to have one.
Hi Adajone, I will share in this post if there is a broker that does not require TIN. Were you able to work in the Philippines prior to going abroad? If so, chances are you already have a TIN. You can inquire about it on your previous employer in the Philippines. Good luck!
Hi, I am interested in investing for stock market, but I am currently base working abroad. Is there a way that I can do stocks in the Philippines. Thank you very much.
Yes, you can still invest or trade stocks in the Philippine stock exchange through an online broker. All you need to do is open an account with them. Afterward, through your broker’s platform, you can buy stocks of your choice online.
I have in the post the factors to consider in choosing the right stock broker for you. Check each one, afterward, visit their respective website to open an online account. Good luck sir!
Thank you very much, Sir.
Welcome sir more power to your stock trading career.
I need seminars like face to face
to understand the trading of stockmarkets
and please drop the location to attend the seminars
any idea how much AAA charges? like how much percentage will be the total deduction to buy and sell the stocks? tia
Hi E, AAA has listed their charges and fees at the Frequently Asked Questions link on their website.
Based on it, if you have a 100K pesos gross trade value, they will charge you roughly Php 295 for buying that worth of stocks. If you sell them, they will charge you roughly Php 295 + Php 600 (sell orders only) which is equivalent to Php 895.
FirstMetroSec offers conditional orders too. In fact, they house two types – Stop-limit and Limit-if touched conditional orders.
Hi Alyssa, thanks for letting us know about it.
Hi,
Is there any broker who help investing in USD?
Best
If you are referring to a broker that will allow you to invest in US stocks. You can check etoro, IBKR, and IG.
Hi! Please note that AB Capital Securities Inc. has an initial deposit of 10,000 pesos and can access two of our Platforms. (AB Capital Classic & AB Capital Advantage) Were it can help for trade and chart stocks in the Philippine Market. Thank you!