14 stock brokers that allow opening account online

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So you want to invest in the stock market? You’d like to become part-owners of the Philippines’ largest companies, blue chip stocks, or any of the stocks listed on the Philippine Stocks Exchange?

Maybe you’ve read the article on best performing stocks in the country, especially those that are giving out double-digit dividends yields.

Yet we are still in the middle of the pandemic. The national government have and may continue to urge everyone to stay at home, to continue observing social distancing, and to follow other health protocols to stave off getting infected with coronavirus.

And even when we will move to a future where the threat of the virus can be managed through herd immunity achieved by vaccinating everyone or an overwhelming majority of the population, that might take a long while.

Meanwhile, stock brokers are improving their online presence, providing more capabilities and functions so their customer base need not visit any of their physical offices as often as they needed to. When the time comes that the world gets back to where it was pre-2020, new retail investors might still appreciate the option to get everything about stock trading done online.

This article looks at stock brokers that lets you open an account online.

How is online account opening done?

When any prospective customer wants to open a trading account with a brokerage firm, an online option is always welcomed.

The steps are usually quite straightforward. The broker spells out legal and documentary requirements, such as age, valid identification card, etc.

Moreover, forms for customer information, trading agreement, and other such disclosures would have to be filled out. Filling out information on the forms can be done completely online via PDF and HTML-based forms or these documents may have to be printed out.

Afterwards, submitting them may take different routes. For electronic applications on PDF and HTML-based forms, the online application can be done as quickly as clicking the “Submit” button.

There are some brokers would require that the papers needed to be printed out, signed, and scanned to be sent via email or upload on their website. Another option is to ship the papers to any of their branches.

Depending on the broker that you chose, there might be a video conference scheduled. An introduction on the platform, to the stocks exchange, and other such in-house orientations (such as verifying one’s identity) may be put in place as a way to ease new prospects into managing their accounts.

Once the application is received, then you might need to wait for confirmation as well as further instructions on how to fund your account. A lot of the brokerage companies have made funding quite convenient by providing a lot of options such as check payment, over-the-counter deposit, bills payment, electronic fund transfer, wire transfer, etc.

The scope of the research done in this article is only among online stock brokers. Also excluded are those that have open-ended instructions on their websites regarding exactly how documents are received. Words such as “send” or “submit” may mean delivery through courier or through personal appearance of the customer.

Stocks brokers who lets you trading account online

Here are the online stock brokerage companies who allow account opening on their website. They are arranged alphabetically.

  1. AAA SOUTHEAST EQUITIES, INC.
  2. AB CAPITAL SECURITIES, INC.
  3. ABACUS Securities (MyTrade)
  4. BDO Securities
  5. COL FINANCIAL GROUP, INC.
  6. F. YAP SECURITIES, INC. (2TradeAsia)
  7. FIRST METRO SECURITIES BROKERAGE CORPORATION
  8. INVESTORS SECURITIES, INC.
  9. MERIDIAN SECURITIES INCORPORATED
  10. PHILSTOCKS FINANCIAL INC.
  11. RCBC SECURITIES, INC.
  12. REGINA CAPITAL DEVELOPMENT CORPORATION
  13. TIMSON SECURITIES, INC.
  14. VC SECURITIES CORPORATION

AAA SOUTHEAST EQUITIES, INC.

AAA Southeast Equities Inc. made it really convenient to start trading with their platform. The user experience imitates the convenience and speed in signing up in social media platforms. For instance, a registration on their website collects your personal information as well as asks that the prospective create a username.

Then you can either sign and scan documents, or you can affix your digital signature on the forms that will be sent via email together with two identification cards. Afterwards, a video call via Skype or Zoom is scheduled for identity verification.

The account can then be activated in as short as one to two business days.

Starting capital: ₱50,000.00
App: Yes
Funding: Online payment through BDO, Metrobank, Union Bank, BPI; and deposit through BPI
Social Media: Facebook, YouTube
Branches: 1
Headquarter: Ayala Tower One and Exchange, Unit 1511, Ayala Avenue cor. Paseo de Roxas, Makati City
Contact: 7946-2690 to 92
Email: support@aaa-equities.com.ph
Link: https://aaa-equities.com.ph/

AB CAPITAL SECURITIES, INC.

AB CAPITAL SECURITIES, INC. allows you to apply to get a stock trading account online. On their registration page, you’d be asked to complete a five-step process completing an online form. As a starter, the following have to be ready: valid ID, signature specimen, selfie with the aforementioned ID card, proof of address, and bank details.

An online form needs to be completed, and then the documents are to be uploaded. After which, they’d require that you fund an account based on their minimum capital. And to verify your identity, a video call is made and finally, you can wait for the account activation that will be sent via email.

Starting capital: ₱10,000.00
App: Yes
Mutual fund: Yes
Margin account: Yes
Funding: Online payment through BPI, BDO, and Metrobank; and check payment at any branches
Social Media: Facebook
Branches: 6
Locations: Taguig, Binondo, Makati, Bacolod, Baguio, and Dagupan
Headquarter: 12th and 19th Floors PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, 1634 Taguig City, Philippines
Contact: (632) 8898 7555
Email: customerservice@abcapital.com.ph
Link: https://securities.abcapitalonline.com/

ABACUS Securities (MyTrade)

MyTrade, the online stock trading arm of ABACUS Securities, accepts online application. In five-easy steps, new users can get access to the platform and start buying up stocks. Of course, you are given a choice to maybe start with a free trial for the moment, and then only completely commit once the trial is up.

Their online registration takes your personal and account information, such as setting a username, password, a trading pin, and/or password recovery question. Just like the other brokers, you may download/save and sign the application form, online trading agreement, and signature card and send them over via email together with a valid ID.

You can then just wait for the confirmation and instructions on how to fund your account.

Starting capital: ₱10,000.00
App: Yes
Branches: 4
Locations: Pasig, Binondo, Cebu, Davao
Headquarter: 2904-A East Tower, Philippine Stock Exchange Center, Exchange Road, Ortigas Center, Pasig City, 1600
Social media: Facebook, YouTube, Twitter, Google Plus
Contact: 632 8667-8918 (+632) 8667-8900
Email: help@mytrade.com.ph
URL: https://mytrade.com.ph/

BDO Securities

BDO Securities allow existing BDO accountholders to be able to conveniently and quickly open a trading account. In order to get started, you must already be enrolled with the bank’s online account. Thus open a bank account first and subscribe online, the login credentials are required.

With your username and password, opening an account starts with going to the BDO Securities’ website, click “Open an account’, and log in. Click through the terms and conditions, instructions, and consent. You are also asked to assign the BDO beneficiary account.

The process is done after submitting investor profile, filling out suitability form, and clicking “Confirm.”

Starting capital: None
Automatic investment: Yes
App: Yes
UITF, PERA, IMA (Investment Management Advisory): Yes
Funding: Through BDO
Headquarter: 33rd Floor, BDO Towers Valero, 8741 Paseo de Roxas, Salcedo Village, Makati City
Contact: 63 2 840-7000
Link: www.bdo.com.ph/securities

COL FINANCIAL GROUP, INC.

Opening an account with COL Financial Group, Inc. is now a breeze with the adoption of online registration.

If you are a prospective customer, prepare at least one valid government-issued ID, a device to take a selfie and video capture, signature capture (which can be a blanks sheet of paper), a bank account, SSS/GSIS number and tax identification number for employed individuals, or birth certificate for minors. There are also stated requirements that apply for resident and non-resident foreign citizens.

One simply signs up online and submit the requirements, and an express account activation will be processed after funding of the account.

Starting capital: ₱1,000.00 for Starter accounts
Easy investment program: Yes
Mutual fund: Yes
Margin account: Yes
Funding: Mobile banking or deposit through BDO, BPI, Metrobank, AUB, Chinabank, Robinsons Bank, Unionbank, GCASH; overseas remittance through BDO Kabayan Bills Bayad, iRemit, and BDO
Social Media: Facebook, Twitter, YouTube
Branches: 4
Locations: Pasig, Cebu, Davao, Iloilo. Satellite locations currently closed and working from home.
Headquarter: 2403B East Tower, Philippine Stock Exchange Center, Exchange Rd. Ortigas Center, Pasig City 1605 Philippines
Contact: 632 86515888
Email: helpdesk@colfinancial.com
Link: http://www.colfinancial.com

F. YAP SECURITIES, INC. (2TradeAsia)

2TradeAsia, the online brokerage arm of F. Yap Securities, Inc., has given people a way to sign up at the comfort of their homes. In response to the health and safety protocols of limiting in-person interaction due to the pandemic, the company provides a means for people to be able to send over files without having to visit their office.

You can send over the application form, online trading agreement, signature card, and valid ID electronically. They can just be simply scanned and submitted through the email address being provided on their address as opposed to delivering them to their headquarters.

Starting capital: ₱25,000.00
App: Yes
Funding: through BDO, BPI, RCBC, Security Bank, UnionBank; Dollar deposit through RCBC and Security Bank
Social Media: Twitter, Facebook, Instagram, LinkedIn
Branches: 2
Locations: Makati City
Headquarter: No. 8747, 17th Floor, Lepanto Building, Paseo de Roxas, Makati, 1200 Metro Manila
Contact: (02) 856 7680
Email: customercare@2tradeasia.com
Link: https://www.2tradeasia.com/

FIRST METRO SECURITIES BROKERAGE CORPORATION

As of this writing, First Metro Securities Brokerage Corporation only accepts registration from individuals who have an existing bank account with Metrobank.

You will be required to put in tax identification number, SSS or GSIS number for locally employed, a Metrobank account number, valid ID, proof of address, email address, and signature specimen. Then, you’d have to fill out the online form, verify your email, and upload documents.

Starting capital: None
EIP: Yes
App: Yes
Mutual fund: Yes
Margin account: Yes
Funding: Through Metrobank, Union Bank, BDO, BPI, Landbank, Gcash, Coins.ph, credit card, 7-Eleven, and major retailer customer service (Gaisano, NCCC, LCC Malls)
Social Media: Facebook, Twitter, Instagram, YouTube
Branches: 4
Locations: Cebu, Davao, Makati (2 offices)
Headquarter: 18F PSBank Center, 777 Paseo de Roxas cor. Sedeño St., Makati City
Contact: (632) 8859-0600
Email: customerservice@firstmetrosec.com.ph, accountopening@firstmetrosec.com.ph
Link: http://fmsec.com.ph/

INVESTORS SECURITIES, INC.

The easy application for an Investors Securities, Inc. account is one advantage the company has over the competition. Prospective users can download and sign the Customer Account Information form, at least two valid government-issued identification cards with signature, and preferred username.

You are given various ways to submit the requirements. You can either send them over by yourself or the company can also assign a messenger to pick them up from your location. The easiest way would be to send clear scanned copies of the files and send them to the email addresses as indicated on their website.

Once these documents are received, wait around for further instructions. A confirmation will be sent via email with your account username and temporary password. You can also then fund your account either at China Bank or BDO.

The whole process may take up to you two to three days.

Starting capital: ₱50,000.00
Funding: Through China Bank, BDO or at the office
Social Media: Facebook
Headquarter: 604-605 Tower 1 & Exchange Plaza, Ayala Triangle, Ayala Ave., Makati City, PH
Contact: 63 2 8848 7033, 63 2 8891 8441, 63 917 791 6855
Email: support@investorsonline.ph
Link: https://www.investorsonline.ph/

MERIDIAN SECURITIES INCORPORATED

MERIDIAN SECURITIES INCORPORATED have kept abreast with the needs of customers who are looking for a way to trade on the stocks exchange with less hassle. Files such as the customer account information form, terms and conditions, signature specimen cards and at least two valid identification cards can now be filled out, scanned, and submitted either email or fax.

Starting capital: ₱150,000.00
Margin account: Yes
Social Media: Facebook, Twitter
Headquarter: 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, Ortigas Center, Pasig City, M.M., Philippines
Contact: (632) 635-6262 to 64
Email: sales@meridiansec.com.ph, info@meridiansec.com.ph
Link: http://www.meridiansec.com.ph/

PHILSTOCKS FINANCIAL INC.

The online registration of PHILSTOCKS FINANCIAL INC. is pared down the account opening process into three easy steps: register, upload, and fund.

The first step is to go to their website and click “Begin”. Make sure that you prepare a valid email address and phone number for verification, at least two (2) valid identification card, and a clear selfie of yourself holding the ID cards.

The process starts with agreeing to the company’s terms and conditions, picking the appropriate account type, and getting the reference number provided by them. You may also need to wait for any notification to be sent to your email or through your contact details via text messaging.

The online registration will capture your personal information and investment profile.

Starting capital: ₱5,000.00
App: Yes
Funding: Through Weepay via Bancnet, Coins.PH, BDO, BPI, Metrobank, UnionBank
Social Media: Facebook, Twitter, YouTube, Instagram
Branches: 2
Locations: Pasig, Binondo
Headquarter: G/F Unit EC-05B East Tower Philippine Stock Exchange Center Exchange Road, Ortigas Center, Pasig City Philippines 1605
Contact: 63 (2) 8588-1900
Email: info@philstocks.ph
Link: http://philstocks.ph

RCBC SECURITIES, INC.

The procedure in opening online trading account at RBC Securities allows individuals to have an easy time going through the experience. In fact, it contains instructions that are specific for people who are US or dual citizens, including those who have renounced, rescinded or lost their US citizenship.

You can simply affix electronic signature and save the online trading application form, online trading agreement, signature cards, supplemental terms and conditions, and IRS files particular to the individual’s specific case.

These can then be submitted to the email address indicated on their website. Your email address may need to be verified. Moreover, the deposit slip of the starting capital can be sent to a different address as found on the instructions as well.

The HTML-based forms will gather information about you including account credentials, personal info, and investor profile.

Starting capital: ₱2,500.00
App: Yes
Funding: through BDO, BPI, RCBC, Security Bank, UnionBank; Dollar deposit through RCBC and Security Bank
Social Media: Twitter, Facebook, Instagram, LinkedIn
Branches: 2
Locations: Makati City
Headquarter: No. 8747, 17th Floor, Lepanto Building, Paseo de Roxas, Makati, 1200 Metro Manila
Contact: (02) 856 7680
Email: customercare@2tradeasia.com
Link: https://www.2tradeasia.com/

REGINA CAPITAL DEVELOPMENT CORPORATION

REGINA CAPITAL DEVELOPMENT CORPORATION provides steps for individuals and institutions for account registration on their website. once you fill out the customer account information form and specimen signature cards, you can send copies to any of their branches or to the email address provided.

You are urged to request for an Account Manager once hte account is activated the next trading day upon completion of requirements.

Starting capital: ₱2,500.00
Margin account: Yes
Social Media: Twitter, Facebook
Branches: 6
Locations: Baguio City, Cagayan de Oro City, Mandaluyong City, Pasig City, Iloilo City, Makati City
Headquarter: Unit 1809-1810 PSE Tower 5th Avenue corner 28th Street Bonifacio Global City Taguig City
Contact: (02) 848-5482 to 84
Email: rcdc@reginacapital.com
Link: http://reginacapital.psetradex.ph

TIMSON SECURITIES, INC.

Timson Securities, Inc. offers registration to jumpstart their online trading or clients can dip their toes in trading through the five-day free trial. On their website are the lists of acceptable IDs for local, foreign, and institutional investors. You may be required to furnish proof of billing such as utility bills, credit card bills, or bank statements.

During the pandemic, visitors are discouraged from their office premises. The required documents may be scanned and sent over to the email address as indicated in the instructions. However, the signed files must still be submitted to their office at Ortigas, Pasig City. This can be achieved either through courier as their company’s messenger service has been halted.

When the submission is done, a representative will reach out to provide further instructions and a heads on the progress of the application. Wait until the account is approved before funding it.

Starting capital: 100,000.00
Funding: Through BDO, Metrobank, BPI
Social Media: Facebook, Twitter
Headquarter: Suite 3310 Robinsons Equitable TowerADB Avenue Ortigas, Pasig City 1605 Philippines
Contact: (+632) 8 633 0344, (+632) 8 631 0876
Email: helpdesk@timson.com.ph
Link: https://timson.com.ph

VC SECURITIES CORPORATION

VC Securities Corporation has created an easy-to-follow guide in accomplishing account opening. On their website, you can go follow the instructions such as downloading and filling out the account information form. As an alternative, you may accomplish the Client Account Information Form online.

In addition, make sure that you prepare at least two valid ID cards and then fund your account through any of their banking details.

Wait for the confirmation of the funds received as well as the activation of the client account.

Starting capital: 10,000.00
Mutual fund: Yes
Funding: Through BDO deposit, online banking, reference banking, over the counter
Social Media: Facebook
Headquarter: 6/F Wilson Corporate Center, 225 Wilson St., Greenhills, San Juan, Metro Manila, Philippines, 1502
Contact: 63(2) 8633.9987, 63(2) 8501.3653
Email: info@vcsecurities.biz
Link: http://vcsecurities.biz/

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