COL Alternatives: Best Online Stock Brokers for Beginners

Down or Can’t Log-in to Your COL Financial Account? Try this Best alternative.

Whether you are an ordinary employee, an entrepreneur, a business tycoon, or even a student, you have the capability to enter the stock market arena and get rich through trading, buying and investing stocks, equity shares, mutual funds, etc.

Online stock trading went popular over the recent years because of its advantages compared to hiring professional brokers. Aside from COL Financial, which is the most popular online stock trader in the Philippines today, there are quite a number of online stock brokers available on the market.

5 of the best online trading platforms in the Philippines

1. Philstocks

Philstocks, the online trading platform of Accord Capital Equities Corp. (formerly All Swerte Securities) began serving the Filipinos in terms of online stock brokerage in the year 2001.

Philstocks website

For as low as P5000, you can already open your account and enjoy the services Philstocks has to offer in your investment ventures. It also boasts its mobile trading application available for iOS and Android, suited for traders on the go, licensed, and reviewed by securities regulatory institutions.

Aside from that, they also have a Broker-Assisted Trading Service with available Certified Securities Representatives.

All in all, Philstocks is indeed a great online trading platform both for beginners and experienced investors.

2. BPI Trade

BPI Trade is the online trading platform of BPI Securities, the stock brokerage arm of the Bank of the Philippine Islands (BPI). There are no minimum funds required to open an account as long as you have an existing BPI direct bank account.

It charges .25% of the traded amount for online trades. Also, BPI Trade is licensed and accredited by the Philippine Stock Exchange

Although there is no mobile app available in the market, BPI remains to be one of the best online stock brokers in the Philippines today, based on the website rankings and client and investor’s reviews all over the web.

3. BDO Securities (former BDO Nomura)

Just like the previous online broker, BDO Securities boasts of their easy and quick process of opening an account. It also doesn’t require a minimum fund, as long as you have a BDO Online Banking Account.

It uses PSETradex Explore as its trading terminal. This web-based terminal allows easy access to vast market and stock information.

4. First Metro Securities

Established in 1994, First Metro Securities continues to be one of the most trusted providers of equity broking services and solutions.

Developed and owned by First Metro Investment Corporation Metrobank Group, First Metro has been serving individuals, public and private corporations, and other financial institutions for over 20 years now.

It is also the market maker of the country’s first and only exchange-traded fund, assuring the users that they will be able to buy or sell shares on demand. In addition, First Metro is approved and licensed by PSE and has its own mobile application available in iOS and Android.

5. iTrade.ph

iTrade.ph is DA’s Market’s Securities, Inc. online trading platform aiming to reach the growing number of Filipino investors seeking to ensure long-term investment value.

It has a P50,000 minimum fund and also boasts its mobile application available to iOS and Android users.

iTradeph

Despite the fact that DA’s Market’s just recently launched the said platform, it already earned a lot of good reviews from its clients. Complete with the required licenses and accreditation from different regulation offices, iTrade.ph is indeed a good find.

These are just some online trading platforms that guide the users in order to play well in the list market. Remember to decide on choosing wisely for having a good online broker is as essential as making the correct investment choices. Happy investing!

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Maggie

Mag's is a market research editing and graphic design manager based in Qatar. As a freelance writer and editor, he covers personal finance, travel, careers, education, pet care and automotive.

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