COL Financial - Philippines is our Preferred Online Broker
Why COL Financial - Philippines Stand Out in Online Trading?
ONLINE TRADING STAND-OUT to us refers to an online trading platform or online broker that stands out from its competitors, meaning that it has certain unique or superior features, advantages, or reputations that distinguish it and make it more attractive to traders. This could include factors such as low fees, user-friendly interface, extensive trading tools and resources, reliable customer support, or a strong track record of performance and customer satisfaction.
Low fees
COL Financial provides convenient and affordable online access for all investors looking to trade stocks in the Philippine stock market. Not only does it offer speedy trade executions, but also the lowest commission rates in the industry, making it a popular choice for both novice and experienced traders alike.
For buying and selling transactions (Peso Denominated):
Value Add Tax (VAT): 12% of Commission
Philippine Stock Exchange Transaction Fee (PSE Trans Fee): 0.005% of the Gross Trade Amount
Securities Clearing Corporation of the Philippines Fee (SCCP): 0.01% of Gross Trade Amount
Additional fee for selling:
Sales Tax: No. of Shares x Price x 0.006
Note: The Commission fee has a minimum charge of P20.00 per transaction. And if you require a broker-assisted trade, the commission charge is .5% of the Gross Trade Amount.
User-friendly interface
From a client's perspective, the user-friendly interface of COL Financial's online trading platform is impressive. Upon logging in, we are greeted with a personal summary and overview of our investment portfolio and trades through the Smart Tools Dashboard. The quick links sidebar menu provides us instant access to our desired trading tool, which is very useful when we are in a rush to catch a price move. We also love the Live Charts tool, which allows us to monitor stock price movements and trends in real time and is equipped with a multi-feature taskbar that can be customized to our preferences. The Watch List Feature under the Quotes tab is also great for listing out our favorite stock picks. And the Six-Pack allows us to easily see real-time price quotes and performance data of 6 stocks per page, and up to 24 of our favorite stocks. Overall, it's a user-friendly and efficient platform that meets our trading needs.
Extensive trading tools and resources
As an active online trader, we rely on COL Financial's online trading platform for its powerful features. Streaming market data helps us stay on top of the market trends that matter most. We enjoy 24x7 portfolio access to monitor our account balances, investment performance, and stock allocation from anywhere. The direct order entry feature allows us to place orders quickly, and the off-hours trading capability lets us place orders even when the market is closed. It's the ultimate online trading tool for traders on the go.
From a value-conscious client's perspective, we appreciate COL Research's regular market insights and research analysis. Seasoned and expert analysts provide daily, weekly, and monthly reports to help us make informed investment decisions. Fundamental and technical analysis reports, along with regular strategy and company updates, add great value to our investments. All of this information helps us get the most out of our investments.
Reliable customer support
As a satisfied customer, we appreciate that COL Financial values personal communication just as much as its online presence. The company has made it a priority to provide a responsive and reliable Customer Helpdesk for any account queries or technical support needs. If we ever need additional assistance, we know that we can also visit the COL Business Center where friendly customer service representatives are always available to help.
Strong track record
COL Financial Group, Inc. (COL) is the premier online financial services provider in the Philippines since 1999. The company prides itself on its user-friendly online trading platform that makes investing in the stock market accessible to all. In addition to managing stock portfolios, clients can access COL Fund Source, the Philippines' leading online mutual fund supermarket. COL empowers investors by providing market expertise, expert opinions, and comprehensive research through its website. Furthermore, COL offers continuous education and guidance to its clients through exclusive events, seminars, and dedicated customer support.
How much is the minimum investment in COL Financial?
For Starter accounts, the minimum deposit is Php1,000.
For Plus accounts, the minimum deposit is Php25,000.
For Premium accounts, the minimum deposit is Php1,000,000.
(Source: COL Financial FAQs)
How do I start trading in COL Financial?
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 bank's clearing time. COL Financial will then send an email with your login details to your registered email address for you to access your COL account. Once you see your account has funds for trading you can immediately begin trading.
(Source: COL Financial FAQs)
In our experience, we are able to start trading within 24 hours of funding our online trading account:
- March 21, 5:00 AM: Email address & mobile number verified.
- March 21, 10:00 AM: Application approved.
- March 21, 11:00 AM: Funded the account by Online Banking.
- March 21, 4:00 PM: Acknowledgment of Deposit.
- March 21, 4:00 PM: Trading Account activated.
- March 22, 9:30 AM: 1st Buy Order executed.
- March 23, 12:30 AM: Trading Confirmation for our 1st Buy Order.
Who owns COL Financial?
To find out who owns COL Financial, you can refer to the company disclosures made to the Philippine Stock Exchange (PSE). One such disclosure includes information on the List of Top 100 Stockholders (Common Shares).
How can a beginner invest in stocks with little money?
- Open a COL Financial Starter account. It took less than 24 hours for the activation of our account.
- Fund your COL Financial online trading account via Online Banking, GCash or Maya. We tried all three, and each payment was in the amount of Php1,000.
- Once your initial funds have been received and cleared, make your first buy order.
- For our first BUY order, we bought 10 shares of Aboitiz Equity Ventures, Inc. (AEV). Under the PSE Board Lot System, AEV has board Lot Size of 10 shares.
In PhpStock Price: 52.95Gross Amount: 529.50Commission: 20.00VAT: 2.40Other Charges: 0.08NET AMOUNT: 551.98% Transaction cost: 4.16%
- Please note that the minimum commission of Php20.00 was charged for the above buy transaction.
- Board Lot Size is the minimum number of shares an investor can buy or sell at a specific price range. Therefore, the minimum amount of initial investment varies and will depend on the market price of the stock as well as its corresponding board lot. The Market Price of AEV falls within the range of Php50.0000 to 99.9500, the lowest price range for 10 shares board lot. Please refer to the Board Lot System of the PSE for the complete Board Lot Table. The COL Financial Dashboard also conveniently provides this information.
- Finally, we received the COL Trading Confirmation email just within an hour after midnight.
In conclusion, COL Financial has established itself as a leading online broker in the Philippines, offering a user-friendly platform with competitive commission rates, extensive research and market insights, and continuous education and guidance to its clients. It's no wonder why Micro Stock Trader, and many other traders, choose COL Financial as their preferred online broker. For more informative articles and insights on online trading and investing, be sure to stay tuned to Micro Stock Trader's future posts. Happy trading!
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