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Showing posts from June, 2010

List of online stock brokers in the Philippines

A stockbroker is a person or a corporation authorized and licensed by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) to trade securities. The stockbroker can be a live person or an online system.

Here is a list of registered online stock brokers in the country. Normally with an online broker, you are not assigned a live trader. Instead, you do trading all by yourself using the broker’s online system. Visit each online broker to compare their fees, support and service, and quality of their trading system.
AB Capital Securities, Inc.
Website: www.abcapitalonline.comAccord Capital Equities Corporation
Website: www.philstocks.phBPI Securities Corporation
Website: www.bpitrade.comCitiSecurities, Inc.
Website: www.citiseconline.comF. Yap Securities, Inc.
Website: www.2tradeasia.comFirst Metro Securities Brokerage Corporation
Website: Securities, Inc.
Website: www.rcbcsec.comWealth Securities Inc.

Philippine Stock Market

The Philippine Stock Exchange has been continuously educating the public about stock market investing. It is now starting to draw attention from a diverse group of investors from all income levels. The stock market is slowly being noticed as a feasible investment medium despite the economic crisis. A recent study from the Philippine Stock Exchange (PSE) showed that even the middle-income and lower middle-income classes are now investing in the stock market.

It is interesting to note that most of the retail investors trading online earn less than P500,000 a year and more than half of them were 30 to 44 years of age. This group of investors is now presenting a high growth sector for our trading participants. That is according to Val Antonio Suarez, Philippine Stock Exchange (PSE) chief operating officer.

For 2009, the study found that in terms of:

Annual Income:
About a third or 33.8% of those who invest in stocks only earn less than P500,000/year. Including the biggest investors (41%) were…

Forex Trading

Forex trading is an international exchange market whose daily average turnover is more than 1.5 trillion dollars. The word “FOREX” is abbreviated as FOREIGN EXCHANGE and in broad manner we would say it’s a market where one currency is traded for another and this is done in the hope that one can make profits on any losses or gains in the movement of currencies.

The trade of currencies is done in pairs i.e., the currency which one buy’s in the belief that in future its price will rise, the trading term related to this is called “the long position” and the other to sell in belief that its value will fall in future and the profit is made by buying it back on the lesser value, and the trading term related to this is called “the short position”.

The whole profit making in FOREX depends upon the movement between the 2 currencies which is not so high, so to make huge profits, one has to buy hundreds of dollars worth of currency at a time. Independent brokers and currency dealers make up a smal…

How to get a BFAD license

How to Apply for a License to Operate (LTO)

Registration for New Clients
Is this the first time you will transact with BFAD? Register at the Client Management Console to get your account number and gain access to the web portal of BFAD. This is where you will regularly transact with BFAD after registration.After registration, you may apply for initial issuance of LTO through the Client Management Console.

STEP 1. Classify your product(s)

Products regulated by BFAD fall under any of the following product classes:
drugsmedical devicesdiagnostic re-agentsfoodcosmeticshousehold hazardous substances

STEP 2. Classify your establishment.

Based on activities the establishment is engaged in, the establishment can be classified under any of the following establishment categories:

Establishment Category Activities

Manufacturer Purchases Raw Materials and Packaging Materials

Produces the product (in own plant or outsourced to a toll manufacturer)

Packs finished products

Maintains inventory of inpu…