BDO Nomura Review – How to Open a Trading Account Online in Philippine Stock Market

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 PSE Broker

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 without the need for personal appearance.

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 websitehttps://www.bdo.com.ph/bdonomura and click in the upper right hand corner the Online Trading > Enroll Now.

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STEP 2: Log-in using your BDO Online Banking User ID and password.

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STEP 3: Enter the one-time password (OTP) you received via SMS on your mobile phone.

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STEP 4: You will be able to read the Instruction and Consent form . Just tick the “I have read fully understand…” box.

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STEP 5: Click on I Agree in the Terms and Conditions in the next screen.

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STEP 6: You will then need to fill out the Investor Profile and Suitability form.
Just provide all the answer needed and click Next.

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STEP 7: Re-type the displayed CAPTCHA code, then click Submit.
Review the details provided in the next screen and click Confirm.

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AND YOU’RE DONE!

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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)

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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.

The email may appear a little weird because first, it has a subject PSETRADEX | FORGOT PIN which confusingly has no mention of its connection to your BDO Nomura application in any way. (Just bear with this 🙂 )

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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.
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Once your account is all set, you can now proceed to the next stage of stocks investing which is funding your trading account to buy your first stock.

How to Do Funding of your BDO Nomura Account

You can do funding of your BDO Nomura trading account through your BDO Nomura Settelement Account.

To see your assigned BDO Nomura Settlement Account Number, login to www.bdo.com.ph/bdonomura using your BDO Online Banking user id and password.

Go to the Deposit/Funding Menu and your assigned Settlement Account Number is already displayed in the “Transfer to” field (see below illustration). You may already fund your Settlement Account through this facility should you wish to add trading buying power.

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.

Navigating through the platform may be overwhelming at first so just bear with the learning curve phase. 🙂

Below is a sample actual transaction for buying 110 shares of Metrobank (stock code MBT).

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And just like other stockbrokers, you will also be receiving via email a confirmation notice of every matched buy or sell order you made, with breakdown of expenses.
For breakdown of fees and commissions, you can read this post: Costs of Trading in Philippine Stock Exchange.

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BDO Nomura Stock Portfolio

Once you have bought your first stock, you can then see your stock portfolio on homepage each time you log-in, as shown below.

To see the actual gain or loss, you need to click Trade to go to the trading platform where you make your buy/sell order. For my first stock transaction above,  my 110 shares of MBT as of 04-11-2017 has gone up by 1.47% which is equivalent to unrealized gain of 137 pesos (still better than banks’ returns) :).

BDO Nomura Statement of Account

BDO Nomura also sends Monthly Statement of Account as an attachment via email to give you a summary of your account and stock holdings every end of the month. It’s a good habit to save this as part of your record keeping.

BDO Nomura Statement of Account

Selling your stocks will go through a process similar to when you buy it.
This selling is necessary to convert your stocks to cash which in turn you can withdraw.

That’s it!

I guess the best thing about this BDO Nomura tie-up with BDO is the cashless transactions you can make if you already have BDO account. Their researches though still has a lot to improve compared to other online brokers but I believe it will soon catch-up in its services with time.

In case you have other questions, you can send it to their support team using their contact page or maybe check first their FAQ’s.

If you have more general starter’s questions, you can also send me email via my contact form here.

Have fun investing,
Omeng

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21 thoughts on “BDO Nomura Review – How to Open a Trading Account Online in Philippine Stock Market

  1. Lenie

    Hi! Just a quick question 🙂 Will we still be able to choose what account type we want if we’ll register using bdo acct?

  2. Mary Pe Durat

    I am looking for a good way on how to invest ,it so happened that i’ve read your article.
    Can I ask to any BDO branch regarding this investment or theres only a specific email or number to contact?…thank you

    1. Omeng Tawid Post author

      Hi Mary, Yes BDO Nomura this should be available with any BDO branch, but you can actually open a trading account without going through their branch, and just go through the online process mentioned above.

  3. Michael Palang

    Hello sir.. I just want to know what type of stocks will be applicable for this trading account, ist it for all types?
    Will I be in control in deciding when, what and how much stocks to buy?

      1. Emilrose Aguinza

        Hi sir Omeng, i’ve see your name all over my research with regards to investing. You are so generous in answering inquiries. God bless you more!

  4. JEN

    Hi Omeng,
    Thanks for your site because of this I was able to start stock trading. I am just a newbie with a very limited knowledge. Yesterday, I already received a confirmation notice on the stocks I bought but till now I am clueless what to do next.
    Hoping you could share more information and tips to us. Kudos,

  5. Juan Miguel

    Hi, how much is the required initial deposit for this? Or if I may rephrase my question, how much would be the ideal amount for initial deposit? Thank you

    1. Omeng Tawid Post author

      Hi Juan, no required initial deposit. You can open as long as you already have an online BDO account.
      Normally you can start buying stocks after funding with as low as 5k pesos.

      1. baron

        Hi. Omeng. I love reading your blog. You inspire me more to invest. And now I’m so eager to start. grrrr☺☻
        I’m planning to create an account on BDO NOMURA since I got saving account in BDO.
        I’m still doing my research on stocks and will mostly appreciate it if you give advice for newbies like me. ☺ Thank You.

          1. Baron

            update: after pile of research :D. I’m now investing in stock market using BDO Nomura. Thank a lot Omeng.

  6. Pingback: A Review of Online Stockbrokers in Philippines – COL Financial, First Metro Securities, Philstocks & BPI Trade – Smart Pinoy Investor – Investing and Personal Finance for Pinoys

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