Online stock trading account philippines
How do I contact Timson Trade? You may contact us through the following: Who can open a Timson Trade account? Any individual of legal age and of any nationality or any legitimate corporation may apply for a Timson Trade account. Filipinos working abroad can also open an account for as long as the online stock trading account philippines fulfills all the necessary requirements. How do I open a Timson Trade account?
Prepare the following requirements: Photocopies of any 2 valid government issued IDs such as: Notarized Board Resolution covering account opening authority, list of officers authorized to sign and their specimen signatures and the signing authority of the signatories; 4. Copy of Trust Agreement if Trust Account 7. Sworn statements as to the existence or non-existence of beneficial owners, if any 8.
Once we receive and finish reviewing your requirements, a customer service representative will contact you to inform you about the status of your application. Once your account has been online stock trading account philippines, you may then proceed to fund online stock trading account philippines account with our partner banks. Minimum initial deposit online stock trading account philippines PHP, You may ask a representative to obtain the TIN for you; simply prepare an authorization letter together with online stock trading account philippines other requirements.
Online stock trading account philippines is the minimum initial deposit to open an account? The minimum initial deposit to open an account is PHP, When can I start trading? Once your application has been approved and the initial deposit has been made, you will receive your account log-in details in your email within working days. Do I need to deposit funds before I can start trading? Yes, you have to deposit an initial amount of at least PHP, How do I fund my Timson Trade account?
You can deposit funds to your Timson Trade account via online stock trading account philippines Merchant Payment facility of our partner banks. Please take note of the following bank transaction fees when making payments to our partner banks. The amount that will be credited to your account will be net of the respective transaction fee. How long does it take before my deposit is reflected on my Timson Trade account?
Cash deposits to any of our bank accounts will be reflected on your portfolio the next trading day. Check deposits will reflect on your portfolio after the 3-days check clearing. Cut-off time for deposits is 3: How do I withdraw my funds? Send the original signed form to our office or you may send it via Fax at or email it to us at cs timson. Once your request has been processed, you will receive an email confirming your withdrawal. Can I withdraw the proceeds of a stock sale immediately?
An unused cash balance longer than three days in your portfolio can be withdrawn anytime, with a one-day notice for the online stock trading account philippines preparation. Cut-off time for withdrawal requests is 3: What are the fees when buying and selling stocks? Buying and Selling Commission Rate 0.
Is there a maintenance fee that I have to pay regularly online stock trading account philippines my account? There are no maintenance fees in Timson Trade. However, if your Timson Trade account becomes inactive for six 6 consecutive months, Timson Trade reserves the right to transfer online stock trading account philippines account to a traditional account with a commission charge of 0.
What types of securities can I trade using Timson Trade? What is the schedule of trading in the Philippine stock exchange? Orders are automatically matched at the Best Price Orders are automatically matched at the Best Price 3: You can post, modify or cancel Orders 3: From there, you have options to online stock trading account philippines either the best bid-ask, market depth, or order depth.
The order board is a table that summarizes the buyers Bid and sellers Ask of a stock. The table shows how much buyers and sellers are willing to buy and sell at different price levels.
Below is a sample stock quote: ALI is at Usually, big volume at the Bid Vol column signifies strength for a stock since there are many interested buyers.
On the other hand, big volume in the Ask Vol column signifies weakness for the stock since there are many willing sellers. Say for example that you want to buy shares of ALI, and would want to buy it immediately then you could enter a buying order at the best selling price You can post a price that is lower than the best selling price if you want to buy the stock at a lower price.
However, there is a chance that your order will not online stock trading account philippines filled online stock trading account philippines no seller will be willing to sell the stock at your bid price. The same idea is true when you want to sell a stock.
If you want to sell ALI right away, then you should enter a selling order at a price where there are interested buyers in this case You can post a price that is higher than the best selling price if you want to sell the stock at a higher price. However, there is a chance that your order will not get filled if no buyer will be willing to buy the stock at your ask price. Where can I view the market ticker? How online stock trading account philippines I place an order? Click on the Trading menu tab then select Single Order.
A confirmation order box will appear, displaying the summary of your order. Your available cash balance can be found in the Single Order and Portfolio window.
What are the different types of orders? Day - Order is valid only for the trading day 2. GTC Good till cancelled - Order is valid for 1 year or until it is cancelled 3. IOC Immediate or cancel - Fill all or part of the order immediately, then cancel any part of the order that was not filled 4. GTD Good till date - Order is valid until the date specified by the trader 5. Session - Order is valid only for the session in which the order is placed morning or afternoon 6.
Iceberg - Show only a part of your order. Once the shown quantity gets filled, your order will automatically refill until the entire quantity gets filled. What is an off-hour order? Off-hour orders are orders placed when the market is closed.
This is anytime between 12 noon Off-hour orders allow you to place orders when the market is closed in case you will not be able to log onto your account during market hours.
These orders will be accepted by Timson Trade and will be sent to the Exchange when the market opens. Off-hour orders follow a first come, first serve basis. A customer who placed an off-hour order at 4: How do I place and cancel an off-hour order with Timson Trade? Placing an off-hour order with Timson Trade is simple online stock trading account philippines convenient. Where can I view the status of my orders? Cum Qty is the online stock trading account philippines of shares that is already filled.
Leaves Qty is the number of shares that is not yet filled. Take note that you must input the appropriate stock in order for the pending orders for that stock to appear.
Are there any keyboard shortcuts Hot Keys within the trading platform? Multiply your order quantity by 1, in the Single Order Entry M: Multiply your order quantity by 1, in the Single Order Entry F1: Move one screen to the left F2: Move one screen to the right. What is the price fluctuation for a specific stock? Different stocks have different board lots and fluctuation sizes as dictated by its current price.
If you want to order a stock that is currently trading at 2. The number of shares that you can buy should be divisible by its board lot in this case 1, shares. Therefore, the system will reject your order if for example you order 1, or 3, shares since they are not divisible by 1, Shown below is the table for fluctuation sizes and minimum board lots. How do I confirm done transactions for the day?
You will receive confirmation receipts for all done transactions for the day in your registered email at the end of every trading day. If you wish to view historical transactions, you may email us at cs timson.