AN INTRODUCTION TO FIRST METRO SECURITIES 

SETTLEMENTS

HOW DO I SETTLE MY BUYING TRANSACTIONS?

You need to fund your FirstMetroSec online trading account before you can purchase stocks. 

Click HERE for funding options.   
 

 


HOW CAN I WITHDRAW MY FUNDS?

  1. Log into your account using FirstMetroSec New or FirstMetroSec PRO. Withdrawal currently not available on the FirstMetroSec GO mobile app.
  2. Go to ACCOUNT, then click Withdrawal Request.
  3. Enter an amount.
  4. Enter your password, then click NEXT.
  5. Go to View Withdrawal Request to see the status of your request.

Withdrawals.png

*USD withdrawal cut off: 10:00AM

  • Withdrawals will be credited to your nominated settlement bank account.
  • Only cleared cash can be withdrawn.
  • Sell proceeds shall be made available for withdrawal after two (2) trading days.
  • Bank transfer fees, if any, shall be for the client’s account.
  • USD withdrawals shall be processed through a nominated dollar account:
    • For other bank depositors (except Metrobank and BDO) USD withdrawal proceeds is subject to $10 bank transfer fee and shall be for the client’s account.
    • For PHP conversion, please allow 2-3 business days processing. Check indicative foreign exchange rates here.
  • Withdrawal requests received past cut-off time shall be processed on the next trading day.

FAQs

WHEN CAN I START TRADING?

You can start trading once you have received an email confirmation that your account has been activated.  The activation process takes two (2) to three (3) days upon submission of completed forms and identification requirements.


WHAT IS THE PSE TRANSACTION FEE? 
All stock trades go through the exchange or the PSE, and for that, the PSE charges 0.005% of the gross trade amount of every transaction.
 
HOW DO I COMPUTE FOR THE PSE TRANSACTION FEE?
PSE transaction fee = Amount of Transaction x 0.00005
 
For more details about the Stock Trading Costs from PSE, click the link below.
http://www.pseacademy.com.ph/LS/calculators/Investment_Calculators.html

HOW MUCH AM I CHARGED FOR EVERY TRANSACTION?

I. PURCHASE

    DOLLAR DENOMINATED SECURITIES ACCOUNT
FEES AND CHARGES PESO ACCOUNT
A.  COMMISSION     
1 Online Trading 0.25% of the gross value or Php20 per trade whichever is higher. 0.25% of the gross value. or $0.50 per trade whichever is higher
2 Broker Assisted Orders 0.75% of the gross value per trade or Php150 per day of activity whichever is higher. 0.50% of the gross value per trade or $3.00 per day of activity whichever is higher.
B.  Value Added Tax 12% of the Commission 12% of the Commission
C.  PSE Transaction Fee 0.005% of the gross trade value 0.005% of the gross trade value
D.  SCCP Charges 0.01% of the gross trade value. 0.01% of the gross trade value.
E.  Bank Transfer Charges (PDDTS) N/A Actual fees varies per bank

II. SALE
 
    DOLLAR DENOMINATED SECURITIES ACCOUNT
FEES AND CHARGES PESO ACCOUNT
A.  COMMISSION     
1 Online Trading 0.25% of the gross value or Php20 per trade whichever is higher. 0.25% of the gross value. or $0.50 per trade whichever is higher
2 Broker Assisted Orders 0.75% of the gross value per trade or Php150 per day of activity whichever is higher. 0.50% of the gross value per trade or $3.00 per day of activity whichever is higher.
B.  Value Added Tax 12% of the Commission 12% of the Commission
C.  PSE Transaction Fee 0.005% of the gross trade value 0.005% of the gross trade value
D.  SCCP Charges 0.01% of the gross trade value. 0.01% of the gross trade value.
E.  Sales Transaction Tax 0.6% of the gross trade value 0.6% of the gross trade value
F.  Bank Transfer Charges (PDDTS) N/A Actual fees varies per bank
 
  1. OTHERS (APPLICABLE TO PESO AND DDS ACCOUNT):
A. Upliftment (Certificate Request) Fee:
  1. If transfer office is a bank, Php 150.00 per certificate.
  2. If transfer office is a non-bank, Php 162.00 per certificate.
B. Lodgment (Certificate Deposit) Fee:
  1. If transfer office is a bank, Php 100.00 per issue plus Php 20.00 per certificate.
  2. If transfer office is a non-bank, Php 112.00 per issue plus Php 22.40 per certificate.
C. Transfer (Broker to broker) Fee:
  1. Php 75.00 per company/stock.
D. Certification of Shareholdings Fee (effective starting Oct. 23, 2023):
  1. Php 100.00 per certification

DO YOU IMPOSE A MINIMUM VOLUME PER TRADE?

Stock trading on the Philippine Stock Exchange is done by board lot or round lot system.  The minimum number of shares you can buy or sell depends on the market price of the stock at the time you place your order.


The board lots and fluctuations for the different price ranges are shown below.
 

Board Lots and Price Fluctuations
Price Range Fluctuation Board Lot
0.0001 to 0.0099 0.0001 1,000,000
0.010 to 0.049 0.001 100,000
0.050 to 0.249 0.001 10,000
0.250 to 0.495 0.005 10,000
0.50 to 4.99 0.01 1,000
5.00 to 9.99 0.01 100
10.00 to 19.98 0.02 100
20.00 to 49.95 0.05 100
50.00 to 99.95 0.05 10
100.00 to 199.90 0.10 10
200.00 to 499.80 0.20 10
500.00 to 999.50 0.50 10
1,000 to 1,999 1.00 5
2,000 to 4,998 2.00 5
5,000 to UP 5.00 5
 

CAN I TRADE ANY STOCK LISTED IN THE PHILIPPINE STOCK EXCHANGE?

Yes, you can trade any stock listed in the PSE, provided that the stock is not suspended for trading. 

 

The PSE has two listing boards: the Main Board and the SME board.  The SME board, as the acronym suggest, is meant for the trading of shares in small and medium enterprises.  The capital, profitability, and other financial requirements for listing in the SME board are less stringent than the Main Board. Potential investors should note that companies listed at SME Board are comparatively exposed to higher investment risk.
 


IS THERE ANY RISK INVOLVED IN INVESTING?

Yes, all investments carry risk. The prices of stocks, bonds, mutual funds, and exchange-traded funds fluctuate from one day to the next. There is no assurance that any appreciation in value will occur and there is no certainty that an investor will get back any part of his investment.  Past performance is not a reliable indicator of future performance. You should not rely on any past performance as a guarantee of future investment performance.

 

Some investments also carry more risk than others.  For example, higher risk is associated to stocks listed in the SME Board as compared to stocks in the Main Board, while investments in government bonds are considered relatively risk-free.  High risk securities may be more suited to professional and other sophisticated investors.

 

Before making any investment, you should do you own research and analysis.  Your investments are your responsibility. Any financial positions you take on the market are at your own risk and benefit.  If you need financial advice, it is recommended that you contact a qualified individual who can give you guidance.


CAN I ENTER AN ORDER ANYTIME DURING THE DAY?

Yes, you may enter your orders anytime during the day. Orders sent during trading hours will be sent to the PSE as soon as we receive your order. However, off-hours orders will only be re-checked by the system and, if valid, sent to the PSE during the Market Pre-Open/Posting period the following trading day.

The PSE is open for trading between 9:00AM to 11:59AM and 1:00PM to 3:00PM on weekdays (except holidays). 

The Pre-Open period is between 9:00AM - 9:15AM. Online Clients are allowed to enter, modify and cancel Orders during this period.

The Pre-Open No Cancel perios is between 9:15AM - 9:30AM. Online Clients are allowed to enter Orders but cannot cancel or modify Orders during this period.

AM Trading Hours (Market Open) are between 9:30AM - 12:00AM. Orders are automatically matched at the Best Price in accordance with the Revised PSE Trading Rules, SEC Approved Ammendments to PSE Revised Trading Rules, and Implementing Guidelines. Odd Lot orders can only be posted or modified during this period. 

Market Recess perios is between 12:00NN - 1:00PM. Clients are not allowed to enter/modify/cancel Orders during this period.  

PM Trading Hours (Market Open) are between 1:00PM - 2:45PM. Orders are automatically matched at the Best Price in accordance with the Revised PSE Trading Rules, SEC Approved Ammendments to PSE Revised Trading Rules, and Implementing Guidelines. Odd Lot orders can only be posted or modified during this period.

Pre-Close Auction period is between 2:45PM - 3:00PM. This period is the same as the Pre-Open Auction Period. During this period, Clients can enter, modify or cancel Orders in accordance with the Revised PSE Pre-Close Schedule.

Pre-Close No Cancel period is between 2:48PM - 2:50PM. During this period, Clients are allowed to enter Orders but cannot cancel or modify Orders in accordance with the Revised PSE Pre-Close Schedule.

The Runoff/Trading-at-Last period is between 2:50PM - 3:00PM. Clients can enter Limit Orders at the Closing Price only. 

Market is closed at 3:00PM.


CAN I PLACE A BROKER ASSISTED ORDER EVEN IF I AM AN ONLINE TRADING CLIENT?

Yes, however, you will be charged a broker assisted commission rate which is 0.75% of the gross value per trade or Php 150.00 per day of activity, whichever is higher. You can send your orders through telephone (+632 859-0600) or by fax (+632 859-0699) or e-mail ([email protected]) or through the Short Messaging Service (SMS) or text (+63 917 826-2010). We will acknowledge as we post your order.


CAN I CANCEL OR EDIT AN ORDER?

Yes, orders can be cancelled as long as they have not yet been matched. If the order has been partially filled, you can only cancel the unfilled portion. During the Market Posting (Pre-Open and Pre-Close) periods, no orders can be cancelled.


CAN I POST GOOD-TIL-CANCELLED (GTC) OR GOOD-TIL-WEEK (GTW) ORDERS?

You can post Good-Til-Week (GTW) orders.

A Good-til-Cancelled order is a buy or sell order which remains in effect until it is either filled or cancelled.
FirstMetroSec has a Good-Til-Week (GTW) order, which is similar to a GTC order except that it only remains posted for seven calendar days. For example, if you post a GTW order on a Tuesday, it will remain posted until the following week’s Monday.


CAN I ORDER DURING OFF-HOURS?

FirstMetroSec accepts orders during off-hours. However, the off-hour orders can only be re-checked by the system and, if valid, sent to the PSE during Market Pre-Open/Posting period the following trading day.


IF I SELL MY STOCKS TODAY, CAN I USE THE PROCEEDS IMMEDIATELY?

Yes. The sales proceeds may be used to purchase stocks immediately.


WHAT HAPPENS TO MY ORDERS IF THEY ARE NOT MATCHED AFTER THE TRADING HOURS?

Your posted orders will be cancelled if the transaction is not done unless it is an unexpired GTW order. The funds held for your buy postings will be credited back to your cash position before PSE opens the following trading day.


IS THERE AN OPTION TO TRADE ODD LOT SHARES?

You can place odd lot orders during Market Open period only


BROKER TRANSFER

TRANSFER SHARES TO FIRSTMETROSEC FROM ANOTHER BROKER


1. Fill and sign Letter to Transfer Shares from Another Broker
2. Send a scanned copy of the accomplished letter to [email protected] or fax it to (02) 8859-0699
Note: Transfer fee is Php 75 per stock. Amount will be debited from the client's stock trading account or may be done via bank deposit. 

 

TRANSFER SHARES FROM FIRSTMETROSEC TO ANOTHER BROKER


1. Fill and sign Letter to Transfer Shares to Another Broker
2. Send a scanned copy of the accomplished letter to [email protected] or fax it to (02) 8859-0699
Note: Transfer fee is Php 75 per stock. Amount will be debited from the client's stock trading account or may be done via bank deposit.