5 Best Stock Brokers to Choose for 2021

If you are planning to invest in stocks, the very first thing you have to do is to carefully decide on your stock broker. 

A stock broker is very important because they are the one who handle and execute all your stock transactions whether you buy or sell stocks within their platform.

In the Philippines, there are over 130 online stock brokers listed in the Philippine Stock Exchange (PSE).

I know it’s difficult to choose what’s the best online stock broker out there so we made a comprehensive list of the best online stock brokers in the country. Let’s get started.


5 Best Online Stock Brokers


1.COL Financial: Best Stock Broker in the Philippines

Minimum Account Opening: P1,000

Website: www.colfinancial.com

Email: helpdesk@colfinancial.com

COL Financial formerly CitisecOnline.com, is one of the best and top online stock broker in the Philippines. Furthermore, COL acts as a full service online stock brokerage, provides a wide selection of mutual funds, professional equity advisory services, investing tools and functionalities, research support, and investor education seminars. Currently, they have over 200,000 customers and 62 billion customer assets.



-Offers the lowest commission rates in the market

-Very little minimum account opening

-24/7 access to COL account

-Easy to use for beginners

-Extensive Research for investors

-Seminars are given to first time investors

-Can be accessed on any gadget

-Online application

-Easy to fund account

-7 day free trial for trading account



-COL interface can be quite difficult to navigate especially for first time investors


COL Trading Fees

stock broker trading fees

Example: You bought 1,000 shares of Megaworld Corporation (MEG) in a price of P4.13

Total Fees: P23.02

Total Amount: P4153.02

And now, the stock price went up to P5.01 and you decided to sell your 1000 shares.

Total Fees: P53.21

Total Amount: P4956.79

Net Profit: P803.77 (19.35%)

Business Address: 2403B East Tower, Philippine Stock Exchange Centre, Exchange Rd. Ortigas Center, Pasig City 1605 Philippines


2.First Metro Sec Financial

Minimum Account Opening: P2,500

Website: www.firstmetrosec.com.ph

Email: customerservice@firstmetrosec.com.ph

First Metro Securities Brokerage Corporation was established in 1994 and one of the trusted online stock broker in the Philippines with over 18,000 retail and institutional customers. It also partnered to the country’s universal bank namely Metrobank (MBT).



-Android/iOS app available

-Seminars are available for first time investors

-In-depth market research

-Can be accessed on any gadget

-Metrobank customers can easily apply

-5 days free trial of trading account

-Multiple Watchlists

-Amazing Interface

-Real-Time Market news

-Amazing and excellent research



-Some users continuously experience some errors on the system


Trading Fees & Charges

stock broker trading fees

Business Address: 18/F PSBank Center, 777 Paseo de Roxas Ave. corner Sedeño St., Makati City 1226


“The rich invest in time, the poor invest in money.”

                                 -Warren Buffet

3.BPI Trade

Minimum Account Opening: No minimum amount 

Website: www.bpitrade.com

Email: bpitrade@bpi.com.ph

BPI Trade is an online stock trading platform offered by BPI Securities Corporation and was owned by one of the largest bank in  the Philippines, Bank of the Philippine Islands (BPI). 



-Online application

-7 days trial trading account

-Easy account opening for BPI customers

-Great for traders



-Account Maintenance Charges

-Not good for long term investing


Account Opening Requirements

-Tax Identification Number (TIN)

-SSS or GSIS number

-Filled out online application form


-Signature Card

-1 Valid ID

-An existing BPI Account number


Step by Step Account Opening

1.Visit to www.bpitrade.com then click Open an Account

2. Read the Terms and Conditions carefully, then Click the “I AGREE” link to proceed.

3. Fill out the BPI Trade Online application form

4. Print the Application Form and the FATCA form from the website.

5. Go to your nearest BPI or BPI Family Savings Bank branch with the application form and one valid ID.

6. Request for a Signature Card from the branch personnel and fill out the said forms accordingly.

7. Sign the forms in front of the branch personnel for signature verification vs. your valid IDs.

8. Have the branch personnel fill out the “VERIFYING OFFICER” section of the application form.

9. Make sure that all forms (BPI Trade Online Application Form, FATCA, original Signature Card and the photocopy of your valid ID) are sent to BPI Trade’s office address.

10. Alternatively, you may bring your printed BPI Trade Online application form to BPI Securities Corporation office address.


Trading Fees

stock broker trading fees

Business Address: 11/F Ayala North Exchange Tower One 6796, Ayala Avenue Corner Salcedo St. Legaspi Village, Makati City, Philippines 1229

”An investor without investment objectives is like a traveler without a destination.” -unknown


4.BDO Nomura

Minimum Account Opening: P1,000

Website: www.bdonomura.com

Email: bnsupport@bdonomura.com.ph

BDO Nomura Securities, Incorporated is a joint venture between BDO Unibank, Inc. and Nomura Holdings of Japan with the purpose of providing online trading services to BDO’s significant client base and branch network.



-Easy access for BDO customers

-No monthly charges

-Easy & Paperless Online Application

-PSETradex Platform

-Best for expert or intermediate investors



-Not good for beginning investors


Trading Fees

For BUY Transaction

1.Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount

2. Broker’s commission – 0.25% of the gross amount

3. Value Added Tax (VAT) – 12% of the broker’s commission


For SELL Transaction

1. Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount

2. Broker’s commission – 0.25% of the gross amount

3. Value Added Tax (VAT) – 12% of the broker’s commission

4. Sales Tax – 0.60% of the gross selling amount


Step by Step Account Opening

1.Go to www.bdo.com.ph/bdonomura and click ENROLL NOW.

2. Enter your BDO online banking username and password. Submit then enter your One-Time Password (OTP).

3. Agree to the Terms and Conditions then enter your beneficiary account and click Next.

4. Complete the Investor Profile, Investor Suitability Form and Enrollment Validation.

5. Review your answers then click the Submit button.

6. BDO Nomura will be sending you an email containing your Customer Code and BDO Nomura Settlement Account Number.

7. Congratulations! You just made your online stock trading account with BDO Nomura! Fund your account now using your BDO Online Banking to start trading!


“Earn as much as you can, save as much as you can, invest as much as you can, give as much as you can.”       

           -John Wesley


Minimum Account Opening: P1,000

Website: www.philstocks.ph

Email: info@philstocks.ph

Philstocks Financial Incorporated was established in 2001 as a stock broker. To compete with their competitors, they improved their platform by implementing the use of smart technology to make their online platform perfect for everyone no matter their education level.



-Android/iOS App available

-Free online education for first time investors

-7 days trial online trading account

-Stock certificate lodgement

-Broke-assisted trading


Trading Fees

stock broker trading fees

Step by Step Online Account Opening

1.Go to https://registration.philstocks.ph/ then fill out the Individual Account. Enter your email address, username and password. Then click CONTINUE.

2. Enter your personal information. Your name, contact information, address, etc. Then click SUBMIT.

3. Then fill out the Investor Profile.

4. Philstocks will be sending you an email containing your Customer Account Information Form (CAIF) and Signature Cards.

5. Print the 2 documents and bring them to the head office or branch office together with your 1 Primary ID and at least 2 Secondary IDs.

6. You can mail the documents via a courier or visit any of their branches.

  • Head Office: G/F, East Tower, Phil. Stock Exchange Centre, Pasig City
  • Binondo Branch: Unit C 2nd Floor, ETY Building, 484 Quintin Paredes Street, Binondo, Manila

Good News! Philstocks offers a FREE PICK UP service to all for easy and convenient account opening!

7. Fund your account with at least an amount of P1,000. 

 You can fund your account via:

  • Banco De Oro (BDO)

Philstocks BDO Account Details

Account Name: Philstocks Financial, Inc.

Account Number: 00-343-0048-847

  • Bank of the Philippine Islands

Philstocks BPI Account Details

Account Name: Philstocks Financial, Inc.

Account Number: 4011-0066-69


After funding your account,

1.Send your proof of initial fund to initialfund@philstocks.ph with the subject “Initial Fund: [Full Name]”, On the body of the email, kindly indicate the date when you submitted your documents. Or you may also send your proof of transaction to together with your documents.

2. Your Initial fund will reflect on your portfolio once your account has been activated.

3. Crediting of your initial fund varies depending on your chosen mode of payment. 

For more inquiries or any assistance, kindly send an email at sales@philstocks.ph

Business Address: G/F Unit EC-05B East Tower Philippine Stock Exchange CenterER Exchange Road, Ortigas Center, Pasig City Philippines 1605


How To Choose The Best Online Stock Broker?


In order for you to save more money, be mindful on the fees the broker impose on every transaction you make. Other brokers impose higher fees than the other stock brokers. Decide very well and don’t let your emotions control you!


2.Online Platform Features

Online stock brokers like First Metro Sec and COL Financial have amazing interface and you can easily navigate the tools on your own. Other stock brokers lacks those special features that is why check the interface of the stock broker first before opening an account with them.


 3.Flow of Funds

Choose a stock broker where you can easily transfer your funds. One great example is COL Financial where you can easily cash in to your online trading account through the major banks in the Philippines. If you’re currently overseas, they provide cash in options for you like iRemit. Another example is if you’re currently holding a BDO account then choose BDO Nomura for easy and convenient account opening.


  1. Customer Service Support

For first time investors, it’s really hard at the most especially at the beginning. There are hundreds of questions boggling your mind. To make it more easier, you can contact the customer service then ask your questions or queries to them.

Ask them what you don’t understand. Some stock brokers responds instantly but for others, it takes an hour for them to respond to your question. If you hate waiting, then look for a stock broker that easily responds to your questions.



COL Financial
BDO Nomura
BPI Trade
First Metro Sec Financial

5 thoughts on “5 Best Stock Brokers to Choose for 2021

  1. Hello. You mentioned the following as CONS for BPI Trade. Would you kindly add more information.
    -Account Maintenance Charges
    – Not good for long term investing
    ** What Account Maintenance Charges were you referring to? How much are the charges?
    ** Why do you think it’s not good for long term investing

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