If you’ve already finished the first parts of our Stock Trading tutorial, you probably know by now the different types of securities being traded, how profits in the stock market are made, how much is needed to start trading, and what types of stock orders you can make.
The next step now is to choose a stockbroker.
A stockbroker is a person or a corporation authorized and licensed by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) to trade securities.
The stockbroker can be a live person or an online system. A discussion of the pros and cons of each is in the forum thread Do you prefer live or online stockbrokers?.
UPDATE! More relevant resources about stock brokers here!
- Poll: Best stockbrokers in the Philippines?
- How to choose a good stock broker
- Primer on Stock Investing in the Philippines
- Stock Picks and Stock Recommendations from Expert Brokers
List of Online Stockbrokers in the Philippines
Here is a list of registered online stock brokers in the country. Normally with an online broker, you are not assigned a live trader. Instead, you do trading all by yourself using the broker’s online system.
Visit each online broker to compare their fees, support and service, and quality of their trading system. You may also visit the forum discussion threads below to read PMT members’ opinion on each broker.
AB Capital Securities, Inc.
Website: www.abcapitalonline.com
Forum Discussion: Online Stock Brokers
Accord Capital Equities Corporation
Website: www.philstocks.ph
Forum Discussion: Online Broker: PhilStocks.ph
BPI Securities Corporation
Website: www.bpitrade.com
Forum Discussion: Online Broker: BPI Trade
CitiSecurities, Inc.
Website: www.citiseconline.com
Forum Discussion: Online Broker: CitisecOnline
Diversified Securities, Inc.
Website: www.dfnn.com
Forum Discussion: Online Stock Brokers
F. Yap Securities, Inc.
Website: www.2tradeasia.com
Forum Discussion: Online Stock Brokers
First Metro Securities Brokerage Corporation
Website: www.firstmetrosec.com.ph
Forum Discussion: Online Broker: First Metro Securities
RCBC Securities, Inc.
Website: www.rcbcsec.com
Forum Discussion: Online Stock Brokers
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