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Thursday, December 31, 2015

How to start investing in the Philippine Stock Market using COL Financial





Hello there! Do you know about Stock Market? I'm sure, you already heard the word "stock market" Do you know how to make money in the stock market? Well, let me first define the word STOCK MARKET.




Stock market is another term for stock exchange, a market where the public-listed companies registered in the PSE or Philippine Stock Exchange are being traded and/or offered shares to the share holders or stock investors. In other words, people can buy a share or part of a company's total shares or what we called "shares outstanding".






How to start investing in the Philippine Stock Market?





Step 1: 


First, you need to open an account in COL Financial. COL Financial is the largest stock brokerage in the Philippines. Click this link to direct to the COL Financial website.



Step 2:


Then you need to download the COL Financial open account form. You need to fill up forms manually for security reasons. (Note: You can't open account via online, you need to download the forms then fill up the forms eligibly.)


DOWNLOAD COL OPEN ACCOUNT FORMS HERE



  • Download and print out our application form.
  • Completely fill out all forms:
    • Customer Account Information Form (CAIF)
    • Foreign Account Tax Compliance Act (FATCA)
  • The Online Securities Trading Agreement (OSTA)
    should be read and kept by the account holder
Note: Tax Identification Number(TIN) is required.
Click here to learn how to apply for a TIN ››



Step 3. 

You need to 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


Step 4:

Submit the forms and crresponding requirements.


You can personally submit the original signed forms and clear ID documents to COL Financial or through iRemit branches.
You may also send the originally signed forms to COL Financial Business Center. Once we receive your requirements, a sales officer will review your application and contact you to inform you of the status of your application or any other requirements that may be needed.
COL Financial Addresses are:
COL FINANCIAL BUSINESS CENTER
2403B East Tower, PSE Centre,
Exchange Road, Ortigas Center,
Pasig City 1605, Philippines
COL FINANCIAL MAKATI INVESTOR CENTER
Mezzanine, Citibank Center,
8741 Paseo de Roxas
Makati City 1227, Philippines
IREMIT BRANCHES
click here for a list of their branch offices

Step 5:

You may now FUND YOUR ACCOUNT.






COL BUSINESS CENTER

 
  • 2403-B East Tower, PSE Centre
    Exchange Road, Ortigas Center,
    Pasig City, Philippines 1605



OVERSEAS REMITTANCE

 


*All checks must be payable to COL FINANCIAL GROUP, INC. Please include your Name and COL Account No. at the back. 

TIP:
To fund your account, I highly recommended MetroBank for the lesser transaction fees. :)