Accounts and eligibility
Sections ↑BPI Trade is the online stockbroking service of BPI Securities Corporation. The ordinary account deals in Philippine-listed securities in pesos; a separate dollar-denominated securities account uses assisted dealing. The distinction matters for the bank account required, the order channel and the way cash is paid in and withdrawn.[36][21]
Account comparison01
Peso online and dollar-denominated accounts
| Account | Access | Opening / funding distinction |
|---|---|---|
| Peso online cash account | Self-directed PSE investing through web and mobile app. | No published opening minimum; the online application asks for a valid ID, signature and existing BPI account.Source 6Source 22Source 4 |
| DDS account | PSE-listed securities traded and settled in USD. | Separate USD bank account, with a current statement; a peso BPI Trade account is not required.Source 21 |
An opening minimum and a trade minimum are separate. Regular PSE orders must meet the stock’s board lot, and the account needs enough recognised buying power for the order and charges.[6][1]
Products and market access
Sections ↑Specifications02
What the service offers
| Product | Route | Scope |
|---|---|---|
| Peso PSE securities | Online cash account. | Shares and supported exchange-listed products; ownership is through the securities account.Source 36Source 1 |
| USD PSE securities | Separate DDS account. | Orders go through Client Relations / Trading; USD denomination does not mean a US exchange listing.Source 21 |
| UITFs and mutual funds | Outside BPI Trade. | The broker FAQ directs its scope to PSE stock trading; a bank investment product is a separate service.Source 34 |
| Public offerings | eReserve on the web platform. | Available offerings have their own terms and allocation process.Source 35 |
Trading and account charges
Sections ↑Pricing & charges03
Ordinary peso online trading charges
| Charge | Published rate | Basis |
|---|---|---|
| Broker commission | 0.25% or ₱20, whichever is higher. | Gross trade value, on each purchase and sale.Source 5 |
| VAT on commission | 12%. | Applied to broker commission.Source 5 |
| PSE transaction fee | 0.005%. | Gross value on buys and sells; PSE states that its fee excludes 12% VAT.Source 5Source 1 |
| SCCP clearing fee | 0.01%. | Gross value on buys and sells; PSE states that its fee includes VAT.Source 5Source 1 |
| Stock transaction tax | 0.1%. | Gross selling value; the lower rate took effect on 1 July 2025.Source 5 |
BPI lists additional SIPF and SEC amounts of 0.001% and 0.005% under block sales. PSE’s general worked retail examples also contain a 0.005% SRC fee. These pages do not resolve whether that item is separately passed through on every ordinary BPI order, so it has not been added to a purported all-in total. The trade confirmation supplies the actual charged components.[5][1]
Scenarios04
How the commission floor affects small orders
Pricing & charges05
Transfer, certificate and document fees
| Service | Published charge | Unit |
|---|---|---|
| Incoming equity transfer | ₱100. | Per security.Source 28 |
| Outgoing equity transfer | ₱125. | Per security.Source 28 |
| Certificate lodgement | ₱115 per stock plus ₱25. | The additional ₱25 is per certificate cancelled.Source 28 |
| Upliftment | ₱200. | Per certificate.Source 28 |
| Certification / statement reprint | ₱100 for the first three pages; ₱10 thereafter. | Per additional page after the first three.Source 28 |
The old funding page still describes a SETA average-balance requirement and bank service charge. That bank-account condition must not be treated as a universal fee on the upgraded trading-account cash ledger: BPI’s new-funding guidance says the separate SETA is removed when an account transitions.[12][8]
Platforms, orders and execution
Sections ↑Specifications06
Order duration choices
Process07
Amendments, cancellation and priority
| Change | Published consequence |
|---|---|
| Reduce an open order’s quantity | Keeps queue priority, subject to board-lot and price rules.Source 24 |
| Increase quantity or change price | Moves the order to the end of the applicable queue.Source 24 |
| Partially filled order | Only the outstanding part can be cancelled; a reduction must remain consistent with the filled quantity and lot requirements.Source 24Source 25 |
| Time in force / iceberg fields | Time in force cannot be edited; disclosed and minimum iceberg quantities also cannot be edited.Source 24 |
Use the Order Book to change or cancel an instruction. A fill can reach the market before the cancellation, leaving the executed portion binding. Check the acknowledged status before entering a replacement order.[25]
Platforms & products08
Trading balance and execution channel
| Route | Documented operation |
|---|---|
| Peso web / app | The Trade Limit appears in the portfolio and order pad. It includes account cash and proceeds of matched sell transactions.Source 9 |
| DDS assisted dealing | Client Relations / Trading accepts orders through the published phone and email route.Source 21 |
| Internet Trading Line | A separate FAQ footnote links this facility’s trade limit to 50% of the market value of eligible PSEi stocks. This is not the ordinary cash-account balance formula.Source 9 |
Funding, withdrawals and portfolio transfers
Sections ↑Platform migration and cash-funding migration are separate changes. BPI dates completion of the online-platform migration to 17 April 2024. Its funding page describes a later transition from SETA to Pay Bills and tells clients to follow their own transition notice. Once transitioned, the old SETA is deactivated and its balance remains recorded under the trading account.[7][12][8]
Process09
Funding after the SETA transition
| Step / condition | Published instruction |
|---|---|
| Payment channel | Use Pay Bills in BPI Online or the BPI app; the dedicated upgraded-process FAQ does not yet offer other bank, wallet or over-the-counter channels.Source 13 |
| Biller and reference | Choose BPISEC and enter the BPI Securities Account Code.Source 12Source 14 |
| Before 17:00 on a banking day | Funds are scheduled to reflect on the next banking day.Source 15 |
| After 17:00, weekends or holidays | The funding FAQ gives two banking days.Source 15 |
| Scheduled bills payments | The broker currently advises against them because posting and availability can be delayed.Source 19 |
Process10
Cash withdrawal stages
| Stage | Published operation |
|---|---|
| Sale proceeds | Become withdrawable two trading days after the sale, although already included in the Trade Limit.Source 17Source 9 |
| Request | Web: Services → eWithdrawal; app: eServices. Submit an amount within the Withdrawable Amount and authorise with the Trading PIN.Source 10 |
| Before 10:00 on a trading day | The stated beneficiary-credit window is 15:00–18:00 that day.Source 16 |
| After 10:00 | The stated window is 15:00–18:00 on the next trading day.Source 16 |
| Funding-model change | BPI says the existing withdrawal process continues after the new funding arrangement.Source 18 |
Transfer terms11
Securities transfers in both directions
| Direction | Instruction and documents | Broker charge |
|---|---|---|
| Into BPI Trade | Provide the signed instruction and valid ID; send BPI the copy acknowledged by the other broker, or the scanned documents to its published email. | ₱100 per security.Source 29Source 28 |
| Out of BPI Trade | The outgoing FAQ likewise requires a signed instruction and valid ID, coordinated with the other broker. | ₱125 per security.Source 30Source 28 |
Transfer terms12
Physical certificates
| Action | Process and timing |
|---|---|
| Lodge a certificate | Submit endorsed/signed stock certificates through BPI Trade’s documented process.Source 31 |
| Uplift electronic holdings | Request requirements from Client Relations. The shares leave the online portfolio when converted to a certificate.Source 32 |
| Upliftment timing | The broker describes at least 45 days, depending on the issuer’s stock-transfer office; this is separate from T+2 market settlement.Source 32 |
Process13
DDS cash and account records
| Operation | Separate USD-account treatment |
|---|---|
| Funding | Use the approved DDS USD instructions and send the payment evidence to Client Relations.Source 21 |
| Withdrawal | Email a signed request; the stated 10:00 cutoff divides same-day from next-trading-day credit to the nominated USD account.Source 21 |
| Statements | Monthly, by email or courier according to the chosen delivery method.Source 21 |
Custody and client protection
Sections ↑Protections & eligibility14
Legal and market roles
| Role | Evidence and consequence |
|---|---|
| Brokerage counterparty | BPI Securities Corporation; PSE lists it as an active corporate broker-dealer, participant 126.Source 4 |
| Market infrastructure | BPI identifies SCCP and SIPF membership and SEC/CMIC supervision. These have different clearing, oversight and investor-claim functions.Source 37 |
| Bank / securities distinction | BPI ownership and convenient funding do not turn securities holdings into bank deposits or protect their market price.Source 36Source 1 |
Market losses remain with the investor. Exchange participation, investor-fund membership and a complaint route are not a promise to repay every trading loss.[37][1]
Support, security and records
Sections ↑BPI Trade and complaint contacts
Client RelationsTelephone
+63 2 8580 4000Source 11Source 21
Scope BPI Trade enquiries and account support; DDS dealing uses Option 2.
Hours Monday–Friday 08:30–17:30, excluding holidays.
Client Relations emailEmail
Broker complaint routeWebsite
https://cmic.com.ph/main/investorsCorner.htmlSource 3
Scope CMIC investor page links its broker-complaint form separately from tips about rule violations.
For an uncertain peso order or platform outage, contact Client Relations and confirm the order state. The dedicated DDS assisted-dealing route does not by itself establish a general emergency execution facility for every peso online order.[11][21][25]
Process15
Authentication and instructions
| Control | Published operation |
|---|---|
| Login | Personal username and password, with multi-factor authentication described by the broker.Source 33 |
| Trading PIN | Used to authorise eWithdrawal and eReserve requests.Source 10Source 35 |
| Credential requests | BPI says it does not request passwords, Trading PINs or OTPs through unsolicited messages or calls.Source 33Source 11 |
Process16
Statements, confirmations and payment history
| Record | Availability / location |
|---|---|
| Confirmation advice | One trading day after a trade; web Statements → Purchase and Sales Daily Invoice.Source 26 |
| Monthly statement | Available on the website in the first week of each month.Source 27 |
| Upgraded-route funding history | Check the originating BPI bank account’s transaction history; broader stock-transaction tracking is described as an app enhancement still in development.Source 20 |
Research and offering subscriptions
Sections ↑Availability17
Research and eReserve
| Service | Documented scope |
|---|---|
| Research | PSE’s participant entry lists daily, weekly and monthly research; BPI describes access through its platform.Source 4Source 36 |
| Offering subscription | Select eReserve under web Services, choose an available offering, complete its request and accept its terms using the Trading PIN.Source 35 |
| Allocation result | Sent by email after the subscription period; a submitted request is not a guaranteed allocation.Source 35 |
Company and service history
Sections ↑Regional comparison18
Ownership and operating identity
| Item | Details |
|---|---|
| Operator | BPI Securities Corporation, the stockbroking business behind BPI Trade.Source 36 |
| Ownership chain | BPI Securities is wholly owned by BPI Capital Corporation, which is wholly owned by Bank of the Philippine Islands.Source 36 |
| Broker office | 23rd Floor, Ayala Triangle Gardens Tower 2, Paseo de Roxas corner Makati Avenue, Makati City 1226.Source 11 |
| Platform history | BPI dates migration of online clients to the new trading platform to 17 April 2024; funding-ledger transition is a separate process.Source 7Source 12 |
- Headquarters
- Makati City, Philippines
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
BPI Securities Corporation
No separate licence entry is recorded in this panel.
Sources & further reading
- Investing procedures, settlement, fees and trading hours Philippine Stock Exchange · Accessed 29 Oct 2026
- PSE trading-participant directory Philippine Stock Exchange · Accessed 16 Oct 2026
- Investor complaint and information routes Capital Markets Integrity Corporation · Accessed 29 Oct 2026
- BPI Securities Corporation participant record Philippine Stock Exchange · Accessed 29 Oct 2026
- Applicable trading fees BPI Trade · Accessed 29 Oct 2026
- Minimum investment required BPI Trade · Accessed 29 Oct 2026
- Account migration to the new BPI Trade platform BPI Trade · Accessed 29 Oct 2026
- Status of the former settlement account BPI Trade · Accessed 29 Oct 2026
- Available balance for online trading BPI Trade · Accessed 29 Oct 2026
- How to withdraw funds BPI Trade · Accessed 29 Oct 2026
- BPI Trade help centre and contact details BPI Trade · Accessed 29 Oct 2026
- Fund Your Account BPI Trade · Accessed 29 Oct 2026
- Funding channels after SETA transition BPI Trade · Accessed 29 Oct 2026
- Correct funding reference BPI Trade · Accessed 29 Oct 2026
- Funding cutoff and crediting days BPI Trade · Accessed 29 Oct 2026
- Withdrawal cutoff and beneficiary receipt BPI Trade · Accessed 29 Oct 2026
- Trade limit versus withdrawable proceeds BPI Trade · Accessed 29 Oct 2026
- Withdrawals after funding transition BPI Trade · Accessed 29 Oct 2026
- Scheduled bills payment caution BPI Trade · Accessed 29 Oct 2026
- Funding transaction history after SETA BPI Trade · Accessed 29 Oct 2026
- Dollar-denominated securities: separate account, dealing and withdrawals BPI Trade · Accessed 29 Oct 2026
- Current online account-opening requirements BPI Trade · Accessed 29 Oct 2026
- Published order durations BPI Trade · Accessed 29 Oct 2026
- Order amendments and queue priority BPI Trade · Accessed 29 Oct 2026
- Cancellation of unmatched orders BPI Trade · Accessed 29 Oct 2026
- Trade confirmation availability BPI Trade · Accessed 29 Oct 2026
- Monthly statement availability BPI Trade · Accessed 29 Oct 2026
- Handling, transfer and certificate fees BPI Trade · Accessed 29 Oct 2026
- Incoming securities transfer instructions BPI Trade · Accessed 29 Oct 2026
- Outgoing securities transfer instructions BPI Trade · Accessed 29 Oct 2026
- Lodging physical certificates BPI Trade · Accessed 29 Oct 2026
- Requesting a physical stock certificate BPI Trade · Accessed 29 Oct 2026
- Account authentication and credential protection BPI Trade · Accessed 29 Oct 2026
- UITFs and mutual funds are outside BPI Trade BPI Trade · Accessed 29 Oct 2026
- Digital offering subscriptions through eReserve BPI Trade · Accessed 29 Oct 2026
- BPI Securities business and ownership BPI Trade · Accessed 29 Oct 2026
- BPI Securities market memberships and supervision BPI Trade · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.