Let us once again try to break the impression that the stock market is an investment instrument only the rich can afford.
Opening a Stock Brokerage Account with Zero Initial Cash Out
A few weeks back, I was playing around with my newly opened Metrobank Direct account (the Internet Banking service of Metrobank). As I was exploring, I managed to open the page for Managing Stock Trading Funds. And then, I found out these few steps that would help you open your account in First Metro Securities (the Stock Brokerage of the Metrobank group) with no Initial Investment required.
- Download and properly accomplish the following forms/requirements:
- Submit the requirements to First Metro Securities Brokerage Corporation (FMSBC) listed below, or to the nearest Metrobank branch – they’ll be the one to forward your documents to FMSBCFirst Metro Securities Brokerage Corporation (www.firstmetrosec.com.ph)18/F PSBank Center
777 Paseo de Roxas cor. Sedeno St.,
Makati CityFirst Metro Binondo Investors Center
G/F Wellington Bldg.
Plaza Lorenzo Ruiz,
First Metro Cebu Investors Center
Metrobank (Cebu) Plaza,
Osmena Blvd., Near Rotondo
Cebu City, Cebu
Once received by FMSBC, you will be notified via email with your login credentials.
The required initial investment for clients with MetrobankDirect account is ZERO. However, for clients with no Metrobank account, the minimum initial investment is P25,000.00. Have no Metrobank Account? No sweat, just open an ATM account only for P2,000.00.
Opening an Account is one thing, investing is another.
Now that you have opened a brokerage account, it’s time to invest. One good thing about today’s retail stock investing is that the minimum order in buying a stock starts from P500.00 only, compared to when I first started that you need around 4k to 5k to make an order.
Still thinking that the stock market is just for the rich? Well, if you can easily spend P500.00 on something you don’t really need, investing it on something for your future hopefully change your mind.
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