Top 10 Best Online Stockbrokers 2023
ONLINE STOCKBROKERS – The top online stockbrokers in the Philippines as of July 2023 are listed below.
When it comes to investing, making the right choice of an online broker is of utmost importance. The market offers a plethora of options, all providing free stock trading and zero commissions on various asset transactions, making the process of finding the right brokerage platform overwhelming.
The key considerations in selecting the best fit include evaluating user-friendliness, quality of customer service, and available additional features. Another crucial aspect is ensuring that the broker does not employ gamification tactics that could encourage excessive trading.
Here are the top online brokers as of July 2023:
1.COL Financial
COL Financial, established in 1999, is considered one of the leading online stockbrokers in the Philippines. It boasts an asset base of over Php 62 billion from 200,000 customers and is known as a pioneer in digitizing stockbroker services in the country. Among its offerings are direct market access, expert insights, streaming data, and 24/7 account access via mobile devices.
2. First Metro Securities
First Metro Securities is the stock brokerage arm of the esteemed Metrobank group. Operating since 1994, it has built a strong reputation as a reliable provider of online stock brokerage services in the Philippines. Non-account holders are required to make an initial deposit of Php 25,000 while existing Metrobank account holders can have the initial deposit waived.
3. BDO Securities
BDO Securities is the investing subsidiary of BDO Capital & Investment Corporation, a well-regarded bank in the Philippines. As a full-service brokerage firm, it offers a wide range of global and local investment products beyond equities. Their services include trading, research reports, investment diversification, and wealth management, catering to Filipinos across different life stages.
4. BPI Trade
BPI Trade is the stock exchange trading platform of the Bank of the Philippine Islands Securities Corporation. It ensures seamless fund movement between clients’ BPI banking accounts and their BPI Trading accounts.
5. AB Capital Securities, Inc.
Formerly known as Anscor Hagedorn Securities, Inc. or AHSI, AB Capital Securities is among the country’s top stock brokerage firms and a pioneer in online stock trading. It provides reliable stock research reports and intelligent recommendations to assist Filipino investors in making informed decisions.
6. Philstocks Financial Inc.
Established in 2001, Philstocks Financial Inc. offers a feature-packed online trading app, making trading convenient for both new and experienced investors. They also provide portfolio management and a personalized trading experience.
7. ALPHASEC
ALPHASEC, incorporated in 1989, is a boutique operation that has been offering high-quality services to public investors. The company has been nominated for PSE Bell Awards for Corporate Governance.
8. GoTrade
GoTrade, under Eastern Securities Development Corporation, is a traditional brokerage with a modern approach to providing online trading solutions and other financial services. Their mobile stock investing platform allows investors to keep track of their trades and portfolios anywhere and anytime.
9. BASecOnline
BASecOnline is the online platform of BA Securities, a reputable stock brokerage in the country. It provides sales, research and analysis, trade execution, and post-trade services for its clients. BASecOnline was the first to offer PSETradex when it launched in 2013.
10. Luckysec Online
Luckysec Online is an online trading platform for the Philippine Stock Market, offering real-time analytical data and helpful charts for clients to use. Lucky Securities Inc. has been serving institutional and individual clients for over two decades.
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