Best Stock Broker in the Philippines

Choosing your first stockbroker is one of the first hurdles that every self-directed investors/traders have to accomplish towards achieving their financial goals.

According to Wikipedia, a stockbroker is a regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells stocks and other securities for both retail and institutional clients, through a stock exchange or over the counter, in return for a fee or commission.

Given this, the question: "Who's the best stockbroker?" is usually the first question the comes to mind. But in a relatively young stock market such as the Philippines, investors who are just starting out usually find themselves in a difficult situation on answering this question because there is very few information out there.

So our friends in PinoyMoneyTalk.com (PMT) conducted a survey on who is the best stockbroker in the Philippines to help guide those eyeing to open their first stock trading account. Below are the results as of this writing.

We hope this consolidated lists help you in deciding on w/c Philippine-based stock broker you will open an account with.

Rank	Stock Broker/Company Name	Website	Miniumum Investment	Broker's Commssion	Affilate Banks for Account Funding
1	COL FINANCIAL GROUP INC	wwww.colfinancial.com	PHP 5,000 (COL Starter) PHP 25,000 (COL Plus) PHP 1 Million (COL Premium)	0.25%	BPI, BDO, Metrobank
2	BPI SECURITIES (BPI TRADE)	www.bpitrade.com	No minimum	0.25%	BPI
3	ACCORD CAPITAL	www.philstocks.ph	PHP 5,000	0.25%	BPI, BDO
4	FIRST METRO SECURITIES	www.firstmetrosec.com.ph	PHP 25,000	0.25%	Metrobank
5	WEALTH SECURITIES	www.wealthsec.com	PHP 10,000	0.25%	UnionBank, BDO, BPI, EastWest Bank, RCBC, Metrobank
6	AB CAPITAL SECURITIES	www.abcapitalsecurities.com.ph/	PHP 50,000	0.25%	Metrobank
7	UNICAPITAL SECURITIES	www.utradeph.com	PHP 10,000	0.25%	BDO, BPI, Chinabank, Malayan
8	ANGPING & ASSOCIATES SECURITIES	www.angpingonline.com	PHP 5,000 (for students) PHP 15,000 (for professionals)	0.25%	Metrobank
9	RCBC SECURITIES	www.rcbcsec.com	PHP 10,000	0.25%	RCBC
10	ABACUS SECURITIES	www.abacusonline.com.ph	PHP 10,000	0.25%	Metrobank, BDO, RCBC
11	2TRADE ASIA SECURITIES	www.2tradeasia.com	PHP 25,000	0.25%	RCBC, BDO
12	DA MARKET SECURITIES (ITRADE)	www.itrade.ph	PHP 50,000	0.25%	BPI, BDO, Metrobank, RCBC
N/A	MAYBANK ATR KIM ENG SECURITIES*	www.maketrade.com.ph	PHP 25,000	0.25%	BPI, BDO, Metrobank, Maybank

*Maybank ATR KIM was not included in the survey conducted by PinoyMoneyTalk.com hence the N/A in ranking

Actual Survey Results:

Survey Results for "Who is the best stockbroker for you?"

Survey Results for "Which online stockbroker do you have an account with?"

Survey Source: PinoyMoneyTalk.com

DISCLAIMER: 

This is not an investment advice and the author shall not be responsible or liable for any trading or investment decisions made based on this information.

The author hereby expressly disclaims any responsibility for any error or inaccuracy in the information.