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How to open a stock trading account at Colfinancial

How to open a stock trading account at Colfinancial

Colfinancial.com is the country’s top retail stock brokerage firm. It has an online trading platform where retail clients can buy and sell stocks. 
Here are simple ways to get you started:
Who can open an account?

Any individual(s) of legal age of any nationality or legitimate corporation may apply for a COLFinancial account. Management reserves the right to approve/deny any application as it sees fit based upon its measures of standard.

Can Filipinos abroad open a COLFinancial account?

Yes. There are no restrictions on place of residence.

How do I open an account?

There are 3 simple steps in opening an account.

1. Fill out the necessary forms and submit it to COLFinancial’s business center.

Customer Account Information Form (CAIF)
Online Securities Trading Agreement (OSTA)
Signature Cards (2)
For In-Trust-For Accounts: ITF Supplementary Agreement Form

2. Submit a photocopy of (1) valid ID issued by the Philippine Government

Passport
Philippine driver’s license
SSS ID (1999 credit card type only)
GSIS ecard plus
Professional Regulation Commision (PRC) ID
Comelec Voter’s ID
For In-Trust-For Accounts: Birth Certificate of the beneficiary/child

For non-appearance:

A billing statement would be needed
Utility Bill
Credit Card Bill
Bank Statement

3. Fund your account

Minimum of P5,000 for EIP

Minimum of P25,000 for Regular

Funding Options

Online Banking via Merchant Payment

a. Bank of the Philippine Islands – www.bpiexpressonline.com

b. Banco de Oro – www.mybdo.com.ph

c. Metrobank – www.metrobank.com.ph

Over-the-Counter via Merchant Payment

a. Bank of the Philippine Islands

b. Banco de Oro

c. Metrobank

* For more details on the funding options click here

* For more details on In-Trust-For Accounts click here

What is the minimum amount requirement to open an account?

– For EIP and Starter (student) accounts, the minimum deposit is Php5,000.
– For regular COL trading accounts, the minimum deposit is Php25,000.

When can I start trading?

You can start trading after your initial funds have been received and/or cleared which can take from 1 to 3 days depending on your banks clearing time. Once you see your account has funds for trading you can immediately begin trading.



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