I have slowed down a bit in writing new blog post. I have been reading forums, Facebook Group discussions, and other social media that talks about stocks specially those traded in the Philippine Stock Exchange.
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| source: http://www.bloomberg.com |
One surprise today is the hype with TDY(Tanduay Holdings Inc.) due to the 50% increase in market price brought about by the news that the Lucio Tan companies will be under one holding company which is TDY.
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| source: http://askthemoneycoach.com |
It is so nice to see and read how young Pinoys from all background are now interested in the stock market. And one of the frequent question thrown at me is about which online stock broker is the best in terms of service or execution, research, and accessibility. I tried searching a list that would rate the current online stock trading companies in the Philippines but none came. One search result is about global online stock brokers which rates Etrade and TD Ameritrade as the best. These two online stock brokers covers not only the US stock market but also other areas of the world including Hong Kong and Singapore stocks.
As for me I use two and these are COL Financial(formerly Citiseconline.com) and First Metro Securities Brokerage Corporation. I have been sharing these two including the latest upgrades done to their stock trading sites.
So far I consider these two the best site for stock trading or investing depending to which side you belong. The merits of these two top online stock trading companies has been mentioned or discuss in other blog post. This time I want to hear from you guys.
This is your challenge.
To those who recently joined the stock trading bandwagon I would like to see your opinions by leaving comment which stock broker you use and why do you consider their site as the best stock trading site.
Your participation is a must, share your thoughts and answers to my challenge and lets expand the knowledge.
20 comments:
Hi, I don't know which is the best stockbroker since I only use COL for now, and I've only been using it for roughly a month, HAHAHA remember me? Anyway, I chose COL because it's the most frequent stockbroker that I read in blogs, books, and forums. So yeah.
BTW, do you invest in other countries' stock exchange? That's possible,right? HAHAHA
COL Financial. Been using it for about 1-1/2 years now and so far I've no complaints. Funds are readily available to use as soon as you sell equities. I hear that with other online trading platforms it takes 3 days for funds to get credited to your account for using. This is inconvenient as you may lose some trading opportunities in the meantime. This is not a problem if you are a long- time investor, but if you plan to do technical trading it is best to clarify how fast you can use funds for buying and selling.
I do intend to open an account with First Metro, just to try out their platform. My trader friends also tell me First Metro's charts have longer time frames, i.e., 5 years as against COL's 2 years (I haven't checked it out in the new website yet). Although, I don't still know what use will I have for the longer time frame, as I am not a hard- core technician (yet). I am still learning. :-)
hmm
i have many now but i would recommend COL din haha
depends on your factos though
http://investinginthephilippinesstockmarket.blogspot.com/2011/11/how-to-choose-your-stock-broker.html
I only have COL at the moment, but I'm planning to try out other online and live broker maybe next year, on my list are angping online and accord and sunsec for live broker.
I've learned that COL financial offers the best- based on my reading. I am currently using BpiTrade mainly for my long term investments. I've always wanted to do day trading but I don't have that much extra time (and money hehe!). Should the time come that I have them both, I would definitely go with COL Financial. I also compiled a list of Online Stock Brokers here in PH. Check The Best Online Stock Broker in the Philippines
Hi there Arlet, of course I still remember you. For your question. Do I invest in other countries? Not yet but I am planning to. Is it possible? Yes it is possible. If your know E-trade and other brokers who lets you trade from one stock exchange or another or even lets you trade other forms of investment like forex, etfs, commodities, metals and oil and other financial instruments then you can trade in other countries as well.
Good luck to your stock investment endeavor!!!
Thanks m_surtido for that info regarding the stock chart period range. It does help if you are planning long term hold of the stock. You can also see how the market reacted to various cycles like the asian financial crisis.
Salamat Pinoy investing!
share your experience with those 2 jon, thanks!
Thanks for your input The Prudent Ant!Lets continually sharing the knowledge about stock investment to our kababayan :)
bpi if you want to trade in bonds, but COL for me too right now. i'm not too keen on trying out new things. if the thing i'm using works right now then i'll stick with it. "if it ain't broke don't fix it" right? :)
If you are not well acquainted with the world of trading and stocks then it is obvious to be puzzled in choosing the right stock. So right education is necessary to find out good stocks to invest. Thank you.
best online stock trading
For me, Philstocks ang the best online stock broker. They provide a good online stock trading platform and their customer service is good, very accommodating.
I personally have a trading accounts with www.philstocks.ph and BPI trade.... but I am so happy with the interface of Philstocks. cool na cool! they develop the one screen do it... ang galing nga eh! Quick execution go with Philstocks!
hi, just want to clarify are u a active trader? or EIP syo. i start using EIP Hindi Maganda sayang opportunity then nung nag try ako nang regular wow evolution daw. natatawa ako sa mga comment na ang COL evoluk. pero totoo nga d nmn tlga nag improve lumabas lang ticker thats its. my frend recommend me sa PHILSTOCKS.PH nung una akala ko hindi to broker online pala sya nang ACCORD they give me a good service at the same time trading has never been these easy. kakatuwa very helpful ang online nila HINDI pa tlaga kilala pero ang platform nila totally great.
The best Online stock broker for me is PHILSTOCKS.PH because as compared to usability and functionality of different tools and features it gives a lot of advantage compare to other, which leads me to my best decision at the right time since their platform is live data streaming, meaning no need to refresh. 24/7 pa Customer Care nila, pwede ka mag request for 1 on 1 tutorial sa mga associate nila, kaya okey siya lalo na sa mga mag-start palang. May FREE Seminars sila about Stock Market 101 after pwede ka din magpa-reserve for Funda and Tech Analysis 101 for FREE. At ang balita ko maging available na sila sa appstore sa Android at IOS.
Oh!, just to add, I'm planning din to open an account with other broker for the future, the more the merrier pero definitely, philstocks.ph muna gamitin ko as my primary. =)
Whoa lost of comments!
I don't have Philstock yet but will see in the future. I know most of the enhancement in COL is the look and just a little tweaking of the old features. But lets see.
EIP users are for those who are not comfortable watching the stocks market as it moves. They are more on the accumulation type. As for me if you have read an old post mine I ma both trader and investor. And I guess as we learn the ropes of the stock trading/investing we tend to fine tune our skills unlike before that we are so excited following rumors and always in front of the screen hoping for a big gain for the day.
Again thanks to your inputs guys, I hope the guys in COL also read this so that they can improve their interface and their service as well.
ANONG NAKAKATAWA HAHAHA...
--->>(M_SURTIDO) <<<----
Forex Consultant Global Solutions provides cutting-edge technological solutions for enterprise and start-upFX & CFD brokerages
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