Open an Online Stock Trading Account for Free via AB Capital Securities Inc.
If you’re like me who’s into investing, or say you’re just curious what this investment game is all about, opening an online stock trading account with AB Capital Securities Inc. (ABCSI) will surely help you with that purpose. You can choose to open an ONLINE ACCOUNT if you’re serious in investing and growing your hard-earned money and be able to monitor your investment online, or you can try their FREE 7-DAY TRIAL account. I started with their trial account. And since it has been months that I am researching and reading investment stuffs from the internet, I decided that I am ready to deal with the real one.
It was in November of 2015, after all the deep thinking and self-convincing, that I was finally able to open my very first online stock trading account through ABCSI, one of the Philippine’s leading stock brokerage firms and is one of the pioneers in online stock trading. I chose ABCSI since their Alabang branch is closest to my location in Laguna.
10k Account Opening Waived.
Opening an investment account comes with a cost or the capital amount that you need to start investing. I was lucky enough that the initial deposit of Php10, 000 for opening an account with ABCSI was waived. How did that happen? Well, because of my rigorous internet search, I stumbled upon their event seminar promotion. I registered to their “How & Why Invest in Stocks – Alabang” online and got the following email:
That last line “Congratulations! You have taken the first step to Stock Trading” resonated with me. It got me really excited to start my investing journey! I just have to bring two valid IDs and be present on their seminar in Alabang.
As I can’t wait for the event date to come, I explored their website. Besides, it’s much better to prepare things in advance when I come to their seminar. And here’s the step-by-step procedures, as outlined in their website, on how you can also open an online stock trading account through ABCSI.
How to Open an Account Online.
On ABCSI homepage: https://www.abcapitalsecurities.com.ph, do the following:
(1) Click on GET STARTED menu.
(2) On the dropdown menu, click on OPEN AN ACCOUNT.
(3) Click PERSONAL.
(4) And click the OPEN ACCOUNT ONLINE button. See the screenshot below for reference.
You will then be directed to this instruction page:
ONLINE TRADING ACCOUNT OPENING PROCEDURES
- Fill up () on-line trading account application form.
- Print and sign on-line trading account application form, on-line trading agreement and signature cards.
(NOTE: Printer is required for completing this application.)
- Assemble application documents and other requirements.
- Submit application documents and other requirements to designated locations.
- Wait for e-mail confirmation from ABCSI.
(NOTE: DO NOT send funds until confirms that account has been opened.)
Click CONTINUE at the bottom right of the instruction to start filling-out the forms.
1. Fill out the Account Application Forms
Once you are done filling-out the required fields, click CONTINUE at the bottom right to proceed with the next form – Personal Info.
Next to ACCOUNT TYPE label, select Individual. Proceed with filling-out the required fields. Please note that TIN (Tax identification number) and SSS/GSIS numbers are mandatory in filling up application form. For students, student ID is acceptable. For foreigners, please supply the Gov. ID No. equivalent to the Philippines’ SSS/GSIS/TIN No. and if some items are not applicable to you indicate it as “NA”.
Once you are done, click CONTINUE at the bottom right to proceed with the next form – Investor Profile.
Here is a sample pre-filled Investor Profile. Check only the boxes that reflects your Investment Objective and Investment Experience. As for me, my objective in opening an investment account is for long-term growth and I only have knowledge on Unit Investment Trust Fund (UITF). For info on UITFs, you can check with BDO’s website.
For future funding of your online trading account (once approved), it is best that you have a savings account where you can linked ABCSI’s account. I will have a separate article on “My Monthly Investing Made Easy Through BPI Online Transfer”.
Once you are done with the rest of the fields, click CONTINUE at the bottom right to proceed with the printing of the forms you have just filled out.
2. Print and sign
Click individually the three documents listed in the same page as above. You may directly print the forms if you have a printer connected. Or you may also save the documents for later printing. Once saved and downloaded on your computer, you’ll have the following document names:
3. Bring the requirements, with your valid government IDs (click here to see list of accredited IDs), to any of ABCSI’s offices listed below:
4. Look forward to the activation email
Once your documents have been received and reviewed, ABCSI will send you a notification email, similar to the screenshot below, with the activation of your account within 2-3 working days. After receiving the activation email, you can now log-in to the Trading System.