If you are a Filipino anywhere in the world who has an online BDO account, and want to start investing in the Philippine stock market, then you are just few clicks away from buying your first stock.
This is after BDO Nomura Securities Inc. opened its doors to small retail investors, allowing opening of Philippine stock market trading account all online.
About BDO Nomura
BDO Nomura is a result of joint venture of the Philippine’s largest bank BDO Unibank Inc and Japan’s Nomura Holdings Inc. The deal has renamed PCIB Securities, a securities dealer and broker with a seat in the Philippine Stock Exchange, to BDO Nomura Securities Inc. PCIB Securities was one of the subsidiaries acquired by BDO years ago when it merged with Equitable PCI Bank resulting to its rising as the country’s largest bank then.
How to Open a Trading Account in Philippine Stock Market
Opening a trading account is very easy as long as you already have an online BDO banking account.
The fact that you already have an active BDO banking account made it possible for you to open a trading account all online. That means no hassle for you in printing and submission of physical application forms which are very common challenges for Pinoys based abroad or those living in the provinces far from central cities. All you need to have is an access to internet and an active online BDO banking account.
Again, the steps below assumes that you already have an online BDO banking account. This is important since you will be using your online BDO banking user ID when logging in to BDO Nomura trading platform. If you don’t have this yet, then do this preliminary step first.
Step by step Account Application
For those who already have an online BDO account, then just follow these few steps:
Step 1: Go to BDO Nomura website – https://www.bdo.com.ph/bdonomura and click in the upper right hand corner the Online Trading > Enroll Now.
Step 2: Log-in using your BDO Online Banking User ID and password.
Step 3: Enter the one-time password (OTP) you received via SMS on your mobile phone.
Step 4: You will be able to read the Instruction and Consent form . Just tick the “I have read fully understand…” box.
Step 5: Click on I Agree in the Terms and Conditions in the next screen.
Step 6: You will then need to fill out the Investor Profile and Suitability form. . Just provide all the answer needed and click Next.
Step 7: Re-type the displayed CAPTCHA code, then click Submit. Review the details provided in the next screen and click Confirm.
AND YOU’RE DONE!
Just wait for the approval of your application which will be sent to your email.
In my case, I was able to receive the approval email the day after I submitted my online application, so it’s really quick. This email contains your Customer Code Number which is your unique client code, with attached copy of your Letter of Instruction and Consent, Terms and Conditions, Investor Profile and Suitability Test (which you completed during your application)
Another email will be sent to you the next working day indicating your Control Code. This control code is an additional security check you use when buying or selling stocks.
Once you receive this email containing your control code, you can log-in back again and you will be prompted to change your control code in your first log-on.
You can now proceed funding your trading account to buy your first stock.
How to Do Funding of your BDO Nomura Account
You can do funding of your Nomura trading account through the bank’s Bills Payment Facility (over-the-counter, online banking, mobile banking, ATM).
The following are the required details you need to fill out:
Company Name: BDO Nomura Securities, Inc.
Institution Code: 0491
Subscriber’s Account No.: Customer Code
Subscriber’s Account Name: Client Name
You can also register your BDO Nomura trading account to your online BDO account, as shown below, for easy funding online.
You may fund your account on or before 10:00 P.M. to be included for the next trading day’s buying power. You may alos need to email your deposit confirmation to them to facilitate the funding. Once your trading account has enough fund, you are then ready to buy your first stock!
BDO Nomura Trading Platform
Currently, BDO Nomura uses what is called as PSETradex Explore.
It’s a web-based trading terminal that allows its users easy access to a wide array of market and stock information and quick trading actions. Some of its features include Watch list, stock info and charts, portfolio monitoring and tracker records.
And just like other brokers, you will also be receiving via email a confirmation notice of every matched buy or sell order you made, with breakdown of expenses.
If you have more general starter’s questions, you can also send me email via my contact form here.
Have fun investing,
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