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
| FEES AND CHARGES | PESO ACCOUNT | DOLLAR DENOMINATED ACCOUNT |
| STOCKS | ||
| A. COMMISSION | ||
| 1. Online Trading | 0.25% of the gross value | 0.25% of the gross value |
| 2. Broker Assisted Orders | 0.75% of the gross value | 0.50% of the gross value |
| B. Value Added Tax | 12% of the Commission | 12% of the Commission |
| C. PSE Transaction Fee + VAT* | 0.005% of the gross trade value + 12% VAT* | 0.005% of the gross trade value + 12% VAT* |
| 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 |
| FIXED INCOME | ||
| A. Broker's Fee (Inclusive of 12% VAT) – Secondary Market | ||
| 1. Government Bonds | ||
| With remaining tenor ≤ 1 year | Face Value x 0.125%, pro-rated | Face Value x 0.125%, pro-rated |
| With remaining tenor > 1 year | Face Value x 0.125% | Face Value x 0.125% |
| 2. Corporate Bonds | ||
| With remaining tenor ≤ 1 year | Face Value x 0.25%, pro-rated | Face Value x 0.25%, pro-rated |
| With remaining tenor > 1 year | Face Value x 0.25% | Face Value x 0.25% |
| B. PDEX Transaction Fee | Face Value x 0.0025% | Face Value x 0.0025% |
*Effective September 4, 2025
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** | 0.1% of the gross trade value | 0.1% of the gross trade value | |
| F. Bank Transfer Charges (PDDTS) | N/A | Actual fees varies per bank | |
**reduced from 0.6% to 0.1% effective July 1, 2025 (Republic Act No. 12214, otherwise known as CMEPA)
III. OTHERS (APPLICABLE TO PESO AND DDS ACCOUNT):
A. Upliftment (Certificate Request) Fee:
- Php 250.00 per certificate (effective July 1, 2024)
B. Lodgment (Certificate Deposit) Fee:
- If transfer office is a bank, Php 100.00 per issue plus Php 20.00 per certificate.
- If transfer office is a non-bank, Php 112.00 per issue plus Php 22.40 per certificate.
C. Transfer (Broker to broker) Fee:
- For Stocks: Php 75.00 per company
- For Fixed Income: Php 150.00 per security
D. Certification of Shareholdings Fee:
- Php 100.00 per certification
- Php 200.00 per certification (Rush request) (effective July 1, 2024)
E. SIRV Fee: (effective July 1, 2024)
- Php 1,500.00*
*on top of the other fees (certification, notary, upliftment and annotation)
F. Fixed Income Service Fee (to be charged from coupon):
- Face Value x 0.05% p.a. (Inclusive of Value Added Tax)
G. Pesonet Fee (effective August 15, 2025):
- PHP 50.00 per withdrawal transaction if settlement bank account is not with MBT, BDO, BPI, UBP
