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 | DOLLAR DENOMINATED SECURITIES ACCOUNT | ||
| 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 | |
OTHERS (APPLICABLE TO PESO AND DDS ACCOUNT):
A. Upliftment (Certificate Request) Fee:
- If transfer office is a bank, Php 150.00 per certificate.
- If transfer office is a non-bank, Php 162.00 per certificate.
- 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.
- Php 75.00 per company/stock.
- Php 100.00 per certification
