Accounts and eligibility
Sections ↑First Metro Securities Brokerage Corporation operates FirstMetroSec, a Philippine securities service in the Metrobank group. Clients can invest through PHP or USD accounts. Account currency, ownership form, platform access and borrowing permission are separate choices.[15][7][12][8]
Account comparison01
Account currency and ownership
| Route | Documented scope | Opening requirement |
|---|---|---|
| PHP account | Philippine securities and supported local investment products. | ₱1,000 initial deposit.Source 12Source 15 |
| USD account | Eligible USD securities, mutual funds, UITFs and Retail Dollar Bonds. | US$100 initial deposit.Source 7Source 12 |
| Joint account | Additional holder’s identity and signature documents. | The nominated settlement bank account must also be joint.Source 12 |
| In-trust-for account | Minor’s birth certificate and ID accompany the ordinary application. | The guide accepts the minor’s Metrobank Fun Savers / Spark account.Source 12 |
The PSE directory displays zero in its minimum-investment field, but the broker’s current online-opening guide requires an initial deposit. That deposit is distinct from the amount needed for an individual stock board lot, a fund subscription or a bond purchase.[4][12][1]
Account comparison02
Margin-account application
| Condition | Published requirement |
|---|---|
| Applicant | Age 21–75, gross annual income of at least ₱1 million and an acceptable credit rating.Source 7 |
| Collateral at application | ₱200,000 in cash and/or marginable securities.Source 7 |
| Documents | Signed application/agreement, suitability and risk forms, income/net-worth evidence and credit-check authorisation; existing clients have a separate update process.Source 7 |
Products and market access
Sections ↑Availability03
Investment channels
| Product / service | Access and distinction |
|---|---|
| PSE securities | Online or broker-assisted dealing; USD denomination alone does not establish access to US exchanges.Source 15Source 7 |
| FundsMart | Funds can be subscribed to and redeemed through the trading account; each fund retains its own terms.Source 15 |
| Fixed income | Government and corporate debt use a separate published charge schedule.Source 5 |
| Offerings and corporate actions | MY/PRO provides a reservation route for supported offers and eligible holders.Source 18 |
Commissions and account charges
Sections ↑Pricing & charges04
Securities trading charges
| Charge | Published rate / basis |
|---|---|
| Online PHP / USD commission | 0.25% of gross trade value.Source 5 |
| Assisted PHP / USD commission | 0.75% / 0.50%, respectively.Source 5 |
| VAT | 12% of commission.Source 5 |
| PSE fee | 0.005% of gross value, plus 12% VAT.Source 5 |
| SCCP fee | 0.01% of gross value.Source 5 |
| Selling tax | 0.1% of gross selling value since 1 July 2025.Source 5 |
Pricing & charges05
Fixed-income charges
| Charge | Published basis |
|---|---|
| Government / corporate secondary-market brokerage | 0.125% / 0.25% of face value; prorated for maturities of one year or less; VAT included.Source 5 |
| PDEx fee | 0.0025% of face value.Source 5 |
| Service fee | 0.05% of face value annually, deducted from coupon payments; VAT included.Source 5 |
Pricing & charges06
Securities transfers and certificates
| Service | Published fee |
|---|---|
| Broker-to-broker stocks / fixed income | ₱75 per company / ₱150 per security.Source 5 |
| Certificate upliftment | ₱250 per certificate.Source 5 |
| Lodgement: bank transfer office | ₱100 per issue plus ₱20 per certificate.Source 5 |
| Lodgement: non-bank transfer office | ₱112 per issue plus ₱22.40 per certificate.Source 5 |
| Certification: standard / rush | ₱100 / ₱200.Source 5 |
Platforms, orders and execution
Sections ↑Platforms & products07
MY, GO and PRO
| Platform | Documented features |
|---|---|
| MY web | Core web account and investment workflow; offering subscriptions and withdrawals use the Account menu.Source 18Source 9 |
| GO mobile | Price alerts, charting, portfolio view and synchronised watchlists; supports STOP, LIT, OTO and OCO conditional orders.Source 14 |
| PRO web | Multi-window workspace, market-depth and time-and-sales tools, chart trading and STOP, LIT, OTO, OCO and OTOCO instructions.Source 8 |
Account comparison08
PRO access conditions
Conditional instructions automate an order rule; they do not guarantee a fill or a particular execution price. Trading remains subject to the available market, the order’s conditions and exchange rules. A cancelled or amended order should be checked for acknowledgement before a replacement is sent.[8][14][1]
Process09
Web authentication and device changes
| Control | Published operation |
|---|---|
| Passkey scope | Since 16 August 2026, web/PRO passkeys replace email OTP after username and password; they do not remove the password step.Source 10 |
| Enrolment | Initial setup still uses an email OTP and a supported, screen-locked device.Source 10 |
| New or lost device | A new device may require enrolment; the service team handles recovery when the existing device is unavailable.Source 10 |
| GO mobile | The announcement leaves existing mobile biometric login unchanged.Source 10Source 14 |
Funding, withdrawals and account closure
Sections ↑Process10
Initial funding and subsequent deposits
| Stage | Published instruction |
|---|---|
| Initial payment | Use an available bank/e-wallet bills-payment channel, over-the-counter payment, transfer or remittance and submit payment evidence.Source 6 |
| Initial reference | Use the Application Reference Number supplied during application.Source 6 |
| Credit timing | The initial deposit is scheduled to appear on the banking day after account activation.Source 6 |
| Later bills payments | Use the activated FMSBC Account Code, rather than the application reference.Source 6 |
Process11
Withdrawal stages and bank receipt
| Stage | Published treatment |
|---|---|
| Available cash | Only cleared funds can be withdrawn; stock-sale proceeds become cleared on T+2.Source 9 |
| Request channel | MY/PRO Account → Withdrawal Request; authorise with the password and monitor the request status.Source 9 |
| Cutoffs | PHP: 10:30; USD: 10:00. Later requests are processed on the next trading day.Source 9 |
| Receiving bank | Metrobank: by 17:00 on the processing day; other banks: one to five trading days.Source 9 |
Pricing & charges12
Withdrawal fees and conversion
| Route | Published condition |
|---|---|
| PHP withdrawal | ₱50 outside Metrobank, BDO, BPI and UnionBank.Source 9 |
| USD withdrawal | US$10 except to Metrobank or BDO; use the nominated USD settlement account.Source 9 |
| Conversion to pesos | Allow two to three business days for the published USD-to-PHP conversion route.Source 9 |
Process13
Closing the account
| Stage | Published requirement |
|---|---|
| Clear assets | Sell securities or arrange a broker transfer, then withdraw available cash.Source 17 |
| Submit request | Email the completed closing form and one valid government ID to customer service.Source 17 |
| After processing | Closure is permanent. Records remain subject to statutory retention requirements.Source 17 |
Custody, borrowing and client protection
Sections ↑Protections & eligibility14
Legal and market roles
| Item | Scope |
|---|---|
| Brokerage counterparty | First Metro Securities Brokerage Corporation; PSE identifies active broker-dealer participant 267.Source 4 |
| Group ownership | A wholly owned First Metro Investment Corporation subsidiary in the Metrobank group. Group ownership does not make securities a bank deposit.Source 15 |
| Market risk | Stock and fund prices can fall; bond investment also carries issuer and price risk. Exchange participation does not guarantee the investment’s value.Source 1 |
| Broker complaints | CMIC’s investor page links its broker-complaint process separately from tips about possible market-rule violations.Source 3 |
Protections & eligibility15
Margin costs and account warnings
| Condition | Published treatment |
|---|---|
| Interest | 0.90% per month plus VAT, accruing daily on the end-of-day loan balance; the rate can change.Source 7 |
| Margin Alert | Equity below 50% but at least 40%.Source 13 |
| Margin Call | Equity below 40% but at least 30%.Source 13 |
| Margin Suspension | Equity below 30%.Source 13 |
| Collateral changes | FirstMetroSec selects eligible securities and can change their eligibility or margin rating. Falling equity can require additional funds or position changes; unresolved deficiencies can lead to securities sales.Source 13 |
Support and account documents
Sections ↑Process16
Individual application documents
| Document group | Published requirement |
|---|---|
| Identity and address | Valid ID, specimen signatures and residential-address evidence.Source 12 |
| Bank and contact details | Evidence of the nominated settlement bank account and an active email address. The account name must match the supporting bank record.Source 12 |
| Employment or nationality | Additional business/professional, employment or foreign-national documents apply to the corresponding applicant category.Source 12 |
FirstMetroSec service contacts
Customer serviceEmail
[email protected]Source 11Source 10Source 17
Scope Account enquiries, recovery and documented closing requests.
Hours Monday–Friday 09:00–17:00 Philippine time.
Head-office telephoneTelephone
+63 2 8859 0600Source 11
Scope Published broker support telephone.
Hours Monday–Friday 09:00–17:00 Philippine time.
Account openingEmail
Account updatesEmail
OFW deskEmail
Research and offering subscriptions
Sections ↑Process17
Offering reservations
| Condition | Published operation |
|---|---|
| Platform | MY or PRO → Account → Corporate Actions. The guide excludes subscription ordering on GO.Source 18 |
| Funding | Use cleared/withdrawable cash; an open order can reduce the available amount.Source 18 |
| Commitment | Submitted reservations cannot be changed or cancelled; funds are earmarked.Source 18 |
| Allocation | Acceptance is not a guaranteed allocation. Unallocated funds return after the offer period; rights/tender routes also require holder eligibility.Source 18 |
The PSE participant entry lists daily, weekly and monthly research. Research and platform analytics support an investor’s decisions; they do not remove the execution, product or borrowing risks of the selected account.[4][13]
Company and service history
Sections ↑Regional comparison18
Operating identity and history
| Item | Details |
|---|---|
| Operator | First Metro Securities Brokerage Corporation, Philippines.Source 4 |
| Incorporation / stockbroking establishment | 16 October 1987 / June 1994, respectively, according to the parent’s 2025 information statement.Source 16 |
| Owner | First Metro Investment Corporation.Source 15 |
| Broker head office | 18/F PSBank Center, 777 Paseo de Roxas corner Sedeño Street, Makati City.Source 11 |
- Headquarters
- Makati City, Philippines
- Founded
- 1994 (stockbroking business); incorporated 1987
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
First Metro Securities Brokerage Corporation
No separate licence entry is recorded in this panel.
Sources & further reading
- Investing procedures, settlement, fees and trading hours Philippine Stock Exchange · Accessed 16 Oct 2026
- PSE trading-participant directory Philippine Stock Exchange · Accessed 16 Oct 2026
- Investor complaint and information routes Capital Markets Integrity Corporation · Accessed 16 Oct 2026
- First Metro Securities Brokerage Corporation participant record Philippine Stock Exchange · Accessed 29 Oct 2026
- Fees and charges FirstMetroSec Help Center · Accessed 29 Oct 2026
- How to pay the initial deposit FirstMetroSec Help Center · Accessed 29 Oct 2026
- Available account types FirstMetroSec Help Center · Accessed 29 Oct 2026
- FirstMetroSec PRO platform FirstMetroSec Help Center · Accessed 29 Oct 2026
- Withdraw funds FirstMetroSec Help Center · Accessed 29 Oct 2026
- Web-platform passkey FirstMetroSec Help Center · Accessed 29 Oct 2026
- Contact us FirstMetroSec Help Center · Accessed 29 Oct 2026
- Account opening requirements FirstMetroSec Help Center · Accessed 29 Oct 2026
- Margin account collateral, alerts and risks FirstMetroSec Help Center · Accessed 29 Oct 2026
- FirstMetroSec GO FirstMetroSec Help Center · Accessed 29 Oct 2026
- FirstMetroSec business and ownership First Metro Investment Corporation · Accessed 29 Oct 2026
- 2025 definitive information statement: subsidiary history First Metro Investment Corporation · Accessed 29 Oct 2026
- Close account FirstMetroSec Help Center · Accessed 29 Oct 2026
- IPO, FOO, rights and tender-offer subscriptions FirstMetroSec Help Center · 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.