10 Online Brokers in the Philippines with a Minimum Investment of P5,000 or Lower
Suck at money? Congrats. You’re part of the 99 percent of people in their 20s floundering when it comes to finance. Adulting is hard, and money is harder—especially when it’s your own and not your parents. My Two Cents is here to break down everything you need to know about finance, business, and entrepreneurship. We’ll tackle all the basics, from how to get a business permit to how to invest in stocks, to educate the fledgling adults on how to not go broke.
Welcome to the idiot’s guide to money. Lesson No. 33: scouting for online stock brokers in the Philippines.
We’re officially in a recession, which means people are hustling to earn, save, and grow money. While the economy might be down, some might argue that now might be the best time to invest if you want to see long-term growth. Since going outside is not an option under quarantine, we’re listing down the 10 online brokers accredited by the Philippine Stock Exchange with the lowest initial investment amount.
Finding the right broker depends on what you need. Do you want big returns for your big investment? Try COL Financial. Are you looking for the broker with the lowest minimum investment? Consider ABCSI. Or do you want convenient services like an app so you can trade on-the-go? Check out First Metro.
You can also consider the ease of transfering money in and out of your trading account. A number of banks have their own brokerage arms, like BDO (BDO Nomura), BPI (BPI Trade), Metrobank (First Metro), Maybank (Make Trade), RCBC (RCBC Securities), and UCPB (UCPB Securities), all of which has easier money transfer services since the trading account is often attached to a savings account in the bank.
There are a lot of things to consider, so we’ve filtered the list of 32 Philippine online brokers down to 10--the ones with a minimum investment of P5,000 and lower for the rookies in the trading scene, ranked with the lowest amount first.
BPI Trade
Online broker: BPI Securities Corp.
Minimum investment: None
Does it have an app?: No
Website: bpitrade.com
Email: [email protected]
Contact No.: 8246 5555
Address: 11th Floor, Ayala North Exchange Tower 1, 6796 Ayala Avenue
BDO Nomura
Online broker: BDO Nomura Securities
Minimum investment: None
Does it have an app?: Yes!
Website: bdo.com.ph/bdonomura
Email: [email protected]
Contact No.: 8688 1200
Address: 17th Floor, BDO Equitable Tower 8751 Paseo de Roxas Makati City
First Metro
Online broker: First Metro Securities Brokerage Corp.
Minimum investment: None
Does it have an app?: Yes!
Website: firstmetrosec.ph
Email: [email protected]
Contact No.: 8859 0600
Address: 18th Floor, PSBank Center, 777 Paseo De Roxas Cor. Sedeño St., Makati City
ABCSI
Online broker: AB Capital Securities Inc.
Minimum investment: None
Does it have an app?: No
Website: abcapitalsecurities.com.ph
Email: [email protected]
Contact No.: 8898 7555
Address: Units 1210 to 1212 and Units 1911 to 1912, PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City
COL Financial
Online broker: COL Financial Group Inc.
Minimum investment: P5,000
Does it have an app?: No
Website: colfinancial.com
Email: [email protected]
Contact No.: 8651 5888
Address: 2403 B East Tower, Philippine Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City
Philstocks
Online broker: Philstocks Financial Inc.
Minimum investment: P5,000
Does it have an app?: Yes!
Website: philstocks.ph
Email: [email protected]
Contact No.: 8588 1988; 8588 1900
Address: Ground Floor, EC 05B, Philippine Stock Exchange Centre-East Tower, Exchange Road, Ortigas Center, Pasig City
ALPHASEC
Online broker: Alpha Securities Corp.
Minimum investment: P5,000
Does it have an app?: No
Website: alpha.psetradex.px
Email: [email protected]
Contact No.: 8477 9959; 8654 6806 to 07
Address: Unit 3003, 30th Floor, One Corporate Center Bldg. J. Vargas St. corner Meralco Ave.
BASecOnline
Online broker: BA Securities
Minimum investment: P5,000
Does it have an app?: No
Website: baseconline.psetradex.ph
Email: [email protected]
Contact No.: 8727 5374
Address: Suite 401 to 403 CLMC Bldg., 259 to 269 Edsa, Greenhills, Mandaluyong City
GoTrade
Online broker: Eastern Securities Development Corp.
Minimum investment: P5,000
Does it have an app?: No
Website: eastern-sec.com
Email: [email protected]
Contact No.: 8242 4006
Address: 1701 Tytana Plaza Bldg., Oriente St., Binondo, Manila
Luckysec Online
Online broker: Lucky Securities Inc.
Minimum investment: P5,000
Does it have an app?: No
Website: luckyseconline.psetradex.ph
Email: [email protected]
Contact No.: 8403 9606; 8829 1579; 8829 4919
Address: Unit 1106 PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City
