The Benefits of Online Stock Trading

Trading in the Philippine Stock Exchange (PSE) has never been this easy and accessible. I remember when I used to call my stockbroker to place an order and haggled the price especially when there was so much activity on the stock. The stockbroker would later advise the trades he had executed for me then I would drop by their office to settle the bill. I also had to decide if the stock certificate was to be registered in my name  or "street name". Street naming means the stock certificate is registered in the name of brokerage firm.

Things are different nowadays. Technology has changed the way we do things including investing in stocks. Online stock trading has become prevalent and the cost of trading is minimal. Purchase and sale of stocks are automatically settled in the trading account. Withdrawal of funds from trading account is as easy as sending request to the broker by email. Trading tools are available on the broker's website and information about the stock market and individual stocks are updated real time. All these are conveniently accessible with personal computing gadgets at one's disposal. The advent of online stock trading has allowed average people to invest in the stock market, trade at their own pace, and personally manage their portfolios.

But there are still those who go to a stockbroker for trade orders. Good client-broker relationship has been established throughout their dealings. The stockbroker sometimes shares stock tips and customers put high value on this service.

For those who are interested in online stock trading, here is a list of online stockbrokers in the Philippines:
1) AB Securities (www.abcapitalonline.com)
2) Accord Capital Equity (www.philstocks.ph)

3) BPI Securities (www.bpitrade.com)

4) CitisecOnline (www.citiseconline.com.ph)
5) First Metro Securities (www.firstmetrosec.com.ph)
6) F. Yap Securities (www.2tradeasia.com)
7) RCBC Securities (www.rcbcsec.com)
8) Wealth Securities (www.wealthsec.net)