AN INTRODUCTION TO FIRST METRO SECURITIES 

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SETTLEMENTS

HOW DO I SETTLE MY BUYING TRANSACTIONS?

Metrobank Account Holder:

You can purchase up to the amount of your pledged funds in your MetrobankDirect Account plus your available funds in First Metro Securities. For purchases exceeding your fund with FirstMetroSec, your MetrobankDirect Account will be debited three trading days after the purchase.

Non-Metrobank Account Holder:

You can purchase up to the
amount of funds in First Metro Securities.


HOW CAN I WITHDRAW MY FUNDS?

1. Go to the First Metro Securities website (www.firstmetrosec.com.ph) and log in using your username and password. 
2. Click on MAIN > WITHDRAWAL.




3. Select either ALL CLEARED CASH BALANCE orENTER 
DESIRED AMOUNT.  Click NEXT to proceed.



4. Enter your password to confirm withdrawal request, then click NEXT



5. A confirmation message that the withdrawal request has been sent for approval, together with a transaction reference number will appear.



6. To view the status of your withdrawal, click View Withdrawal Request



For Metrobank settlement account holders:

  • For withdrawal requests received before 11am (on a trading day), the funds will be credited to your settlement account on or before 3pm
  • For withdrawal requests received before 4pm (on a trading day), the funds will be credited to your settlement account on or before 9pm.
  • For withdrawal requests received beyond 4pm (on a trading day), the funds will be credited to your settlement account on or before 3pm of the next trading day.
For non-Metrobank settlement account holders: Funds will be credited (via check deposit) within 2 days.  All withdrawals are subject for approval.
 

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:
  1. Php 50.00 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.


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 1:30PM to 3:30PM 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 period 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 - 12:00PM.  Orders are automatically matched at the Best Price in accordance with the
 Revised PSE Trading Rules,  SEC Approved Amendments to PSE Revised Trading Rules and Implementing GuidelinesOdd Lot orders can only be posted or modified during this period. 

Market Recess period is between 12:00NN - 1:30PM. Clients are not allowed to enter/modify/cancel Orders during this period.  

PM Trading hours (Market Open) are between 1:30PM - 3:15PM.  During this period, Orders are automatically matched at the Best Price in accordance with the
 Revised PSE Trading Rules,  SEC Approved Amendments to PSE Revised Trading Rules and Implementing GuidelinesThis period operates in the same way as the period of Continuous Trading. Odd Lot orders can only be posted or modified during this period. 

Pre-Close Auction period is between 3:15PM - 3:18PM. 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 3:18PM - 3:20PM. 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 3:20PM -3:30PM.  Clients can enter Limit Orders at the Closing Price only. 

Market is closed at 3:30PM.


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 (sales@firstmetrosec.com.ph) 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.


HOW DO I RELEASE PLEDGED FUNDS FROM MY STOCK TRADING ACCOUNT TO MY METROBANK DIRECT ACCOUNT?

Pledged funds are earmarked funds to be transferred to your FirstMetroSec online trading account. You may request to release the pledged funds that have not been debited to your FirstMetroSec online trading account or have not been used for stock purchases.

  1. Go to https://personal.metrobankdirect.com/ and log-in using your account details.
     
  2. Click on “Stock Trading”.
     
  3. Click on the tab View funds for Stock Trading.
     
  4. Enter the amount you wish to release and Click Continue.

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 (9:30AM - 11:59AM and 1:30PM -3:16PM).


HOW DO I REQUEST FOR WITHDRAWAL OF MY FUNDS?

1. Go to the First Metro Securities website (www.firstmetrosec.com.phand log in using your username and password. 
2. Click on MAIN > WITHDRAWAL.




3. Select either ALL CLEARED CASH BALANCE orENTER 
DESIRED AMOUNT.  Click NEXT to proceed.



4. Enter your password to confirm withdrawal request, then click NEXT



5. A confirmation message that the withdrawal request has been sent for approval, together with a transaction reference number will appear.



6. To view the status of your withdrawal, click View Withdrawal Request



For Metrobank settlement account holders:

  • For withdrawal requests received before 11am (on a trading day), the funds will be credited to your settlement account on or before 3pm
  • For withdrawal requests received before 4pm (on a trading day), the funds will be credited to your settlement account on or before 9pm.
  • For withdrawal requests received beyond 4pm (on a trading day), the funds will be credited to your settlement account on or before 3pm of the next trading day.

For non-Metrobank settlement account holders: Funds will be credited (via check deposit) within 2 days.  All withdrawals are subject for approval.


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 customerservice@firstmetrosec.com.ph or fax it to (02) 859-0699
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 customerservice@firstmetrosec.com.ph or fax it to (02) 859-0699
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.