How To Open A Stock Trading Account At COL Financial?

Hey! Congratulations! Why? Because you finally decided to invest in the highest yielding paper asset in the whole world –  The stock market. And what better company to choose than COL Financial ( formerly Citiseconline) First and foremost, you don’t have to have a huge capital before you can start investing in stocks. The minimum amount you need to deposit in order start investing is only ₱ 5,000. But, of course you can increase it if you want.  This is the How To Open A Stock Trading Account guide.

Read this: The best strategy you can use to make sure you make money in the stock market

Why should you choose COL Financial?

Full disclosure, I’m not advertising them. But, I am a loyal customer who’s using their services. Besides, they’re the top stock market broker in the Philippines. Most, if not all successful investors choose COL Financial as their broker because they’re the most reliable company when it comes to stock trading and investing.

Unlike traditional stock trading, COL Financial has “online trading”. Giving you full access of your account wherever you are and whenever you want. You can buy and sell shares, access your stock portfolio and read the latest stock recommendations by the analysts of COL financial to help you decide which stock you want to buy, all of which are only one click away!  This is the How To Open A Stock Trading Account guide.

Not only that, as a COL account holder, you are also entitled to use their state of the art technicals and fundamentals to further help you in purchasing the best stock on the market. But, since the majority of you are still new to stock market investing (If not, then I’m sorry) I’m only going to discuss the basics.

Benefits:

  • Precise online portfolio reports
  • Top notch security system in account management and online transactions
  • Latest research materials and stock reports
  • User-friendly interface; easy to use and navigate
  • Great customer support

Read this: Why NOW is the best time to invest in the stock market?

 

3 types of COL Online Trading Accounts

 This is the How To Open A Stock Trading Account guide. 

COL Starter – The standard trading/investing account that everyone can get for only ₱ 5,000. If you’re a beginner and you’re not into trading, then I highly suggest that you start from here.  This is the How To Open A Stock Trading Account guide.

COL Plus – If you’re a stock market trader and you want live stream reports and precise data deliveries, then this type is recommended for you.

COL Premium – Now, this is only for the big guys. People who invest in stocks for a living. If you have the capital for this account and the knowledge of an absolute trading beast. Then, I guess you’re more than qualified to open this type of account.

Anyway, It doesn’t matter what type of account you open right now. Because once your portfolio has reached ₱ 25,000. You can request for an account upgrade for a COL plus account. The same way, you can request an upgrade to a COL premium if your portfolio reaches ₱ 1,000,000.00.  This is the How To Open A Stock Trading Account guide.

 This is the How To Open A Stock Trading Account guide.

As you can see, these are the benefits of the said accounts. But, as I’ve said if you’re a newbie, then you should first stick to the COL Starter account. After some time, if you want to start trading, then request an  upgrade once you’ve reached the required amount for your desired account.  This is the How To Open A Stock Trading Account guide.

Okay, Once you have selected the account that you want to open, let’s work on opening your account!  This is the How To Open A Stock Trading Account guide.

The Step-by Step guide in opening your account

How To Open A Stock Trading Account

STEP 1 – Fill out the necessary forms  This is the How To Open A Stock Trading Account guide.

  • Download and print out these application forms (Click THIS to download the latest forms)
  • PS: Tax Identification Number (TIN) is required
  • The Online Securities Trading Agreement (OSTA) must be read and kept by the account holder

STEP 2 – Prepare additional requirements

Filipino citizens
  • Photocopy of one (1) valid government issued ID
    Photo and signature must be clear
Resident foreign citizens
  • Photocopy of one (1) valid government issued ID
    Photo and signature must be clear
  • Alien Certificate of Registration (ACR)
    or Work Permit from DOLE
Non-resident foreign citizens
  • Authentication of a photocopy of one (1) valid passport
    Photo and signature must be clear
in-trust-for(ITF) accounts
  • Photocopy of one (1) valid government issued ID of the parent
    Photo and signature must be clear
  • Birth Certificate of the minor applicant

 

Notes: These are the accepted ID’s in COL Financial

  • Driver’s License 
  • PRC ID
  • Passport with signature portion/visa
  • Postal ID
  • SSS ID
  • Voters ID

Plus, Any of these billing statement (latest bill no later than 3 months)

  • Bank statement
  • Utility bill
  • Credit card bill
  • Mercalco bill
  • Maynilad bill

 

STEP 3 – Submit the forms and other requirements

You can submit your forms and requirements directly to their offices or through iRemit branches.  This is the How To Open A Stock Trading Account guide.

COL Business Center
2403B East Tower, PSE Centre,
Exchange Road, Ortigas Center,
Pasig City 1605, Philippines

(+632) 651 5888

COL Investor Center – Makati
Ground Floor, Citibank Tower,
Valero corner, Villar Streets,
Makati City 1227, Philippines(+632) 478 2954
COL Investor Center – Davao
2nd Floor Robinsons Cybergate,
J.P. Laurel Ave., Bajada,
Davao City 8000, Philippines(+6382) 287 8192

 

STEP 4 – Fund your account  This is the How To Open A Stock Trading Account guide.

You can either fund your account through online bills payment, over-the-counter bills payment, and overseas remittances. Here are the links below:

ONLINE BILLS PAYMENT

*Please see Bank Service fees here

OVER-THE-COUNTER
BILLS PAYMENT

OVERSEAS REMITTANCE

 


Additional Reminders:  This is the How To Open A Stock Trading Account guide.

  • Both account holder must sign the required form if it’s a joint account.
  • There is only a 3 month validity time frame for the account holder to complete the required documents and deposit. Otherwise, they’ll have to re-submit the forms.
  • The required form must be submitted together with the FATCA  form.
  • In ITF (In-trust-for) accounts. If it is intended for a minor, the parents must be the one who signs the forms.
  • The account holder MUST have the OSTA form for safe keeping.

PS: In order to avoid delay; make sure that all of the documents are clearly filled out and properly handled. Scanning and photocopying documents are not allowed and will not be accepted. And as much as possible, avoid erasures.

 

Final words:  This is the How To Open A Stock Trading Account guide.

It may look like it’s too much work. But, I promise you it’s not. After you have completed the documents and have followed the proper step-by-step guide. You already one step closer to attaining financial freedom! This is the How To Open A Stock Trading Account guide.This is the How To Open A Stock Trading Account guide.

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