In continuation with our investing in stock market tutorials, today I will share the list of online stock broker in the Philippines. If you’re thinking to start investing in the stock market, choosing a stock broker is also a must-consideration.
But before we go with that, I hope you already read my super-newbie guide in investing in the stock market as well as the 15 basic stock market terminologies a beginner should know. Those previous article can really provide you additional information if you’re starting out.
Choosing the best online stock broker in the Philippines is part of the task we need to consider when we’re going to start our stock market investing journey.
By providing the list of online stock broker in the Philippines, I’m hoping I can give options to other aspiring Pinoy investors so they can choose and compare which online stock broker will suit their needs before they start.
Different people have different goals and needs, so choosing online stock broker is also the same. It depends on our investing goals, point of views and personal preference which will be the best online stock broker for us.
Here is the list of online stock broker in the Philippines.
Who is the best online stock broker in the Philippines?
I don’t know. The term ‘the best‘ could be relative to all of us. As mentioned above, we have different views and financial goals in life so it’s normal that we have different ‘the best‘ pick on the list above. To give additional insights in choosing online stock broker in the Philippines, I suggest you to consider the following.
I believe this is one of the most important factor we need to consider in choosing online stock broker in the Philippines. We should choose an online stock broker that care about their customer and prioritize their needs.
Choose the online stock broker that resolves customer issues fast. In addition, choose the one that helps and educate their customers about stock market investing.
This is also a must-consider when choosing an online broker in the Philippines. System’s security, reliability, speed, user-friendly, ease of funding are really important in stock market investing.
A slow system is a big NO NO for a day trader. For a beginner, a user-friendly system helps them easily understand and expand their knowledge.
We also need to consider fees associated in choosing the online stock broker. Although most of the online stock broker above have the same amount of fees, other fees and tax may differ. Please do your due diligence.
Personally, I recommend COL Financial since they are my current online stock broker right now. You can start investing with just Php 5,000. Their system is user friendly and easy to understand. You can see how to start here.
Aside from that, they are also offering a free stock market seminar every week to educate the stock market beginners like us about stock market investing. I strongly suggest every newbie to attend seminars like that to gain more knowledge before they start investing.
I attended 2 seminars with them before I open my account and start investing. You should do the same. We should always remember that investing in ourselves first is the best investment we could ever have.
To our success, cheers!