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.

HOW DO I PLACE AN ORDER?

Proceed to the website and log in using your username and password.  Click on the "Trading" tab on the upper side of the webpage.  Here, you may indicate the stock code, buy or sell side, volume and the price at which you wish to buy/sell the stock, then click "Send".  An order readback will be displayed on your screen.  Please check the information for accuracy and then key-in your password to confirm the order.



Note:
Upon logging into the website, you may also enter order details (buy or sell, stock code and price) at the bottom of the page through the 'Stock Quote'.

HOW MUCH AM I CHARGED FOR EVERY TRANSACTION?

  1. Purchase:
     
    1. Commission
       
      1. For online trading: 0.25% of the gross value or Php 20 per trade whichever is higher.
      2. For broker assisted orders: 0.75% of the gross value per trade or Php 150 per day of activity whichever is higher.
      3. Prevailing VAT Rate (12%) of the commission

    2. SCCP Charges - 0.01% of the gross trade value.

  2. Sale:
     
    1. Commission
       
      1. For online trading: 0.25% of the gross value or Php 20 per trade, whichever is higher.
      2. For broker assisted orders: 0.75% of the gross value per trade or Php 150 per day of activity, whichever is higher.
      3. Prevailing VAT Rate (12%) of the commission

    2. Transaction Tax - 0.5% of the gross trade value.





    3.  
    4.  
    5.  
    6. SCCP Charges - 0.01% of the gross trade value.

  3. Others:
     
    1. 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.

    2. 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.

    3. Transfer (Broker to broker) Fee:
       
      1. Php 75.00 per company/stock.

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 RulesSEC Approved Amendments to PSE Revised Trading Rules and Implementing Guidelines.  Odd 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 RulesSEC Approved Amendments to PSE Revised Trading Rules and Implementing Guidelines.  This 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.
FMSBC 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.

GTW is only available if your fund-handling status is set to "Money Stays with Us".
GTW is not activated if the fund-handling status is on "Auto-Payout".

CAN I ORDER DURING OFF-HOURS?

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

WHAT IS "MONEY STAYS WITH US" TRANSACTION?

This is your email or fax Money Stays with Us instruction Form that instructs us to keep the funds from the sale of stocks and cash dividend declarations with FMSBC. 

You can then send us a fax Request for Withdrawal of Funds Form whenever you want to withdraw funds.  GTW orders are activated for this instruction. “Money Stays with Us” is the default fund-handling status (versus "Auto-Payout").

WHAT IS "AUTO-PAYOUT" INSTRUCTION?

This is your instruction to us, Auto-Payout instruction Form, to always credit to your Metrobank Account the net proceeds from the purchase and sale of stocks (sell minus buy) and cash dividend declarations. 

GTW orders are deactivated for this instruction.  All pending GTW orders will be cancelled on the next trading day.

HOW DO I REQUEST FOR WITHDRAWAL OF MY FUNDS?

Click this link for Online Withdrawal Request FAQs.