Accounts & headline costs
Sections ↑RCBC Securities provides ezTrade online investing and traditional broker-assisted accounts. The online application and broker tutorial state no opening deposit minimum, while the PSE directory displays ₱10,000. The published sources do not explain that discrepancy. ezTrade itself is a cash account without margin or short selling.[6][11][4][7]
Account comparison01
Account and service routes at a glance
| Account / route | Published customer scope | Principal condition |
|---|---|---|
| ezTrade online cash account | Self-directed PSE account; online application states no minimum deposit | The account does not offer margin or short selling under the published ezTrade rules.Source 7Source 4 |
| Traditional account | Full service / broker-assisted route. | Broker tutorial states no minimum opening deposit; separate application documents apply.Source 11 |
| Margin relationship | Participant-level capability where separately approved | Do not infer margin access from an ezTrade login.Source 7Source 4 |
Pricing & charges02
Headline charges and market-wide layers
| Item | Published basis | Important scope |
|---|---|---|
| Online commission | 0.25% of gross trade value or ₱20, whichever is higher. | Current linked agreement specifies this for Philippine-resident clients; 12% VAT is additional.Source 12Source 7 |
| PSE transaction fee | 0.005% of gross value, exclusive of VAT under the current PSE schedule | Applied on both buys and sells.Source 1 |
| SCCP clearing fee | 0.01% of gross value, inclusive of VAT under the current PSE schedule | Applied on both buys and sells.Source 1 |
| Stock transaction tax | 0.1% of gross selling value | Seller-only tax for listed shares; current PSE schedule controls over older broker examples.Source 1 |
| Account events | Transfers, certificates, assisted service or special handling use separate tariffs | These costs can be material when exiting a small account.Source 7Source 1 |
Products & platforms
Sections ↑The service is a Philippine securities account, not a universal multi-market trading app. Product availability, legal ownership, dealing currency and settlement should be read from the selected account rather than inferred from the brand.[7][4][1]
Specifications03
Products and account boundaries
| Product route | Published scope | Boundary |
|---|---|---|
| PSE-listed shares | Cash-funded online equity trading | Board-lot and price-band rules apply.Source 7 |
| Odd-lot and eligible advanced orders | Platform-specific order routes where enabled | Qualification and execution conditions apply.Source 7 |
| Certificates and transfers | Upliftment/lodgement and broker movement | Separate forms, fees and transfer-agent time apply.Source 7 |
Fees & holding costs
Sections ↑Commission, its VAT, exchange and clearing fees, selling tax and the bid/ask spread affect the result of a stock trade. Portfolio transfers and physical certificates have additional charges. Borrowing or other specialised services require their own tariff.[7][1]
Pricing & charges04
Cost layers beyond the headline
| Cost layer | When it applies | Why it matters |
|---|---|---|
| Commission floor | Small orders when the minimum peso commission exceeds the percentage charge | The effective percentage cost can be much higher than 0.25%.Source 7 |
| Exchange and clearing | Every executed buy/sell under the current market schedule | They remain even when a broker promotes low commission.Source 1 |
| Seller tax | Executed sale of listed shares | It reduces sale proceeds and is not charged on the buy side.Source 1 |
| Separate financing service | Only where a separately approved facility is used. | Its rate cannot be inferred from ezTrade’s cash-account tariff.Source 4Source 7 |
| Transfer/certificate event | Portfolio is moved or physical shares are handled | The charge and time are separate from T+2 cash settlement.Source 7Source 1 |
Execution & trading rules
Sections ↑Platforms & products05
Platform and order controls
| Route / control | Published capability | Operational limit |
|---|---|---|
| ezTrade web/mobile | Portfolio, quotes and standard orders | App access does not extend exchange hours.Source 7Source 1 |
| Day, GTW and GTM | DAY expires at trading-day end; GTW is seven calendar days; GTM is 30 calendar days. | The mobile FAQ describes GTM as available to qualified users.Source 7Source 8 |
| Iceberg/qualified controls | Advanced display or duration features for eligible users | Feature availability is not universal and partial disclosure does not guarantee completion.Source 8 |
An instruction or trigger is not an execution guarantee. PSE hours, board lots, price bands, available volume, partial fills, order expiry and platform availability can change the result. A cancellation is effective only when acknowledged before the order is matched.[7][1]
Deposits, withdrawals & transfers
Sections ↑Process06
Cash funding and withdrawal lifecycle
| Stage | Published route | Constraint |
|---|---|---|
| RCBC/Telemoney funding | Published bank-linked routes | Account reference and cutoffs control crediting.Source 7Source 1 |
| Sale proceeds | Can be reused for trading before they are bank-withdrawable | Cash withdrawal follows T+2 settlement.Source 7Source 1 |
| Withdrawal request | Submit by 11:00 for the published same-day release; later requests move to the next working day. | The tutorial gives a 15:00–18:00 crediting window; cash must already be withdrawable.Source 7Source 11 |
Transfer terms07
Securities transfer and certificate fees
| Action | Instruction / published charge |
|---|---|
| Electronic transfer | Signed instructions to both brokers; ₱75 per issue.Source 7 |
| Certificate upliftment | Signed upliftment form; ₱200 per certificate.Source 7 |
| Lodgement | ₱25 per certificate plus ₱115 processing; non-bank transfer-office fees add 12% VAT.Source 7 |
Buying power, settled cash and withdrawable cash are different quantities. An online broker may allow immediate reuse of sale proceeds while a bank withdrawal remains subject to T+2 settlement, operational cutoff and account review.[7][1]
Protection & regulation
Sections ↑Protections & eligibility08
Protection chain
| Layer | Published position | What it does not mean |
|---|---|---|
| Dealer | RCBC Securities, Inc. | The securities agreement—not RCBC bank marketing—defines the broker obligation.Source 4Source 1Source 3 |
| Market framework | PSE participant, SEC/CMIC market framework and clearing/depository arrangements | SIPF eligibility does not protect market loss.Source 4Source 1Source 3 |
| Bank boundary | RCBC banking and RCBC Securities are related but distinct services | PDIC does not cover listed securities merely because cash moves through RCBC.Source 4Source 1Source 3 |
The traditional supplemental terms describe street-form holdings through PDTC and authorise NoCD subaccounts within the broker’s omnibus client securities account where relevant. The online agreement likewise authorises depository custody. These arrangements do not insure an investment against market loss.[13][12]
Opening an account & support
Sections ↑Process09
Application, service and escalation
| Step / route | Use | Boundary |
|---|---|---|
| Digital or documented onboarding | Submit identity, tax and account information under the selected route | Published completion estimates assume acceptable complete evidence.Source 7 |
| Customer support | Use the broker’s official secure/help route for account-specific issues | A general help channel is not necessarily authorised to place an urgent order.Source 10 |
| Platform outage | The ezTrade agreement permits requesting manual execution through a trader if the DMA platform fails. | It excludes email for orders or time-sensitive instructions; execution still needs confirmation.Source 12 |
| Formal complaint | Complain to the broker first, then use the relevant CMIC/SEC route where eligible | A regulator report and compensation for an individual loss are separate questions.Source 7Source 3 |
RCBC Securities service contacts
ezTrade supportEmail
TelephoneTelephone
Consumer assistanceEmail
Additional services
Sections ↑Process10
Statements and customer-care process
| Service | Published treatment |
|---|---|
| Statements | Account → Reports → Statement of Account; six months available online. Request older records via [email protected]; charges may apply.Source 11 |
| Complaint acknowledgement | The supplemental terms specify 24 business hours. Findings follow the investigation; the document does not promise resolution within three days.Source 13 |
| Printed records | Traditional supplemental terms have a separate printed statement/confirmation tariff; the online agreement contains different wording. Confirm the applicable document before ordering copies.Source 13Source 12 |
Company background & evidence
Sections ↑Broker essentials11
RCBC Securities at a glance
| Measure | Value | Context |
|---|---|---|
| Contracting entity | RCBC Securities, Inc. | The accepted account agreement should carry this legal identity.Source 4Source 7 |
| Primary jurisdiction | Philippines | PSE-listed securities and Philippine market infrastructure are the core scope.Source 4Source 1 |
| Headquarters | Makati City, Philippines | Public company/contact location; operational desks can differ.Source 10 |
| Founded / lineage | 1973 predecessor lineage; RCBC Securities name from 1995 | Brand, incorporation and predecessor dates should not be treated as interchangeable.Source 9 |
| Platforms | RCBC ezTrade web; RCBC ezTrade mobile app; Traditional broker-assisted service | Eligibility and current feature availability vary by route.Source 8Source 11 |
Reference table12
Company and service boundaries
- Headquarters
- Makati City, Philippines
- Founded
- 1973 predecessor lineage; RCBC Securities name from 1995
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
RCBC Securities, Inc.
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
- RCBC Securities participant record Philippine Stock Exchange · Accessed 29 Oct 2026
- RCBC Securities and ezTrade service information RCBC Securities · Accessed 16 Oct 2026
- ezTrade online account application RCBC Securities · Accessed 29 Oct 2026
- ezTrade frequently asked questions RCBC Securities · Accessed 29 Oct 2026
- ezTrade mobile application and order features RCBC Securities · Accessed 29 Oct 2026
- Company profile and history RCBC Securities · Accessed 29 Oct 2026
- Contact and complaint routes RCBC Securities · Accessed 29 Oct 2026
- ezTrade tutorial RCBC Securities · Accessed 29 Oct 2026
- Current linked ezTrade agreement RCBC Securities · Accessed 29 Oct 2026
- Supplemental terms and consumer assistance RCBC Securities · 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.