Frequently Asked Questions

Learn about the AB Capital Group here.

AB Capital Securities, Inc. (ABCSI), formerly Anscor Hagedorn Securities, Inc. or AHSI, has long been one of the Philippines’ leading stock brokerage firms. With over 65 years of industry presence, ABCSI has become one of the major players in the Philippine financial markets. The firm consistently ranks among the country’s top brokerages in terms of turnover. It is the only non-bank affiliated brokerage house that won the prestigious award from Philippine Dealing System for generating the highest trading volume. Today it takes pride in being a pioneer of online stock trading in the Philippines.

ABCSI is one of the only few Philippine stockbrokerage firms that has been accorded the prestigious citation for “Full Compliance” for twenty consecutive years (1999-2018) by the Capital Markets Integrity Corporation (CMIC). The books and records of ABCSI are properly maintained and therefore provide up to date, accurate and prompt reports. Safeguard mechanisms are in place to protect the assets of the customers/investors. ABCSI strictly adheres to sales and trading rules. We have qualified dealers/traders who passed the licensure exams and conduct themselves in a very professional manner in their business dealings. Safeguard mechanisms are in place to ascertain that customers/investors are treated fairly and that reasonable diligence is being exercised to ascertain that transactions are executed in the best interest of the customers/investors. ABCSI’s strong and effective Internal Control and Risk Management System ensures that transactions are being processed at the highest level of quality in compliance with applicable regulatory rules geared towards investors’ protection.

ONLINE TRADING FACILITY

Access your account via desktop, laptop, tablet or mobile phone via browser or the AB Capital app. Get instant updates on your account, transactions, and favorite stocks. Place your orders from anywhere and at any time. With online trading, power is literally at your fingertips.

• 24X7 PORTFOLIO ACCESS
• STOCK WATCHLIST
• PRICE ALERT
• DIRECT ORDER ENTRY
• OFF-HOURS TRADING

Capitalize on opportunities in the market. Get all essential information and use online trading tools such as price, shares, technical, and financial analytics. Grow your wealth as an empowered investor.

• REAL-TIME QUOTES
• LIVE CHARTS
• ANALYTICS
• NEWS
• DISCLOSURES
• CUSTOM MARKET MONITOR

RESEARCH

ABCSI’s online research resources equip investors with trading insights through comprehensive analysis reports. Clients have access to in-depth fundamental and technical research with individual stock coverage.

• DAILY MARKET REPORT
• WEEKLY MARKET REPORT
• COMPANY REPORT
• ONLINE RESEARCH INQUIRY
• SOCIAL MEDIA ACCESSIBILITY
• ABCSI MODEL PORTFOLIO
• ABCSI MARKET OUTLOOK

AB CAPITAL ADVANTAGE

You may reach us through our Contact Us page.

GStocks PH is AB Capital Securities, Inc’s (ABCSI) online retail securities trading services made accessible through the GCash App. ABCSI’s online platform is where investors can buy, sell, and manage their securities in companies listed in the Philippine Stock Exchange (PSE).

You are eligible to open a trading account with GStocks PH if you meet all the requirements below:

1. 1.  You are at least 18 years old
   2.  You are a fully verified GCash user
   3.  You have updated your information with GCash during the past 2 years.
   4.  You have an SSS number and TIN (for Filipino citizens).
   5.  You must be able to present a valid government ID.

Requirements for Foreigners:

If you are a Foreigner, you can open a trading account with GStocks PH by submitting your Passport as a valid Government ID.

The minimum amount required to open a GStocks PH trading account is only Php 1,000.00

1. On your GCash App, tap GInvest
2. Tap GStocks PH
3. Select AB Capital Securities, Inc.
4. Select Top Up
5. Input the amount you want to top up and Select Next
6. Review the top up amount and tap Confirm
7. You will be redirected to a page to confirm your successful top up.

You may also refer to this page for the step-by-step instructions with illustrations
Top up

1. On your GCash App, tap GInvest
2. Tap GStocks PH
3. Select AB Capital Securities, Inc.
4. Tap Withdraw
5. Input the amount you want to withdraw and Select Next
6. Review the amount you want to withdraw and tap Confirm
7. You will be redirected to a page to confirm your successful top up.

You may also refer to this page for the step-by-step instructions with illustrations
Withdraw funds

No, Only individually-owned accounts can be opened under GStocks PH. If you are interested in opening a joint account, you may do so by opening an account with AB Capital Securities through the link AB Capital website. Joint accounts will require a minimum initial deposit amount of Php 10,000.

You will receive an activation email once your application has been approved. You will then be given to access your AB Capital trading account dashboard. Just open your GCash app, tap GInvest, tap GStocks PH and you will be directed to your AB Capital Dashboard.

Please be informed that the processing of your application may take up to 7 banking days. If you have not received an activation email after the processing period, kindly check the social, promotional, and spam folders in your email otherwise kindly reach out to AB Capital at gcashcs@ABCapital.com.ph.

You can place an order by following these instructions:

1. Log-in to GCash and Click GInvest
2. Click on the GStocks PH Icon, then select the AB Capital logo to be redirected to AB Capital’s online trading platform.
3. Click the BUY/SELL button on the AB Capital dashboard
4. Select the stock that you would like to buy or sell
5. Select if you will BUY (BLUE) or SELL (RED).
6. Indicate your desired Quantity of stocks and Price at which you would like to buy/sell using the available text fields and buttons
7. Click on PREVIEW ORDER to enter your purchase.
8. An order readback will pop on your screen. Read the information carefully. If you are satisfied, confirm the order by tapping PLACE ORDER

After you have placed and confirmed your order by clicking the “Place Order” button, the “View Orders” page will show the “↻” symbol which corresponds to “Open” in the Status column. This means that your order was already received by the PSE. You will know that your order has been received by AB Capital once the Status column shows that your order has either been opened, filled, rejected, or cancelled (See Order Status table below).

A Day Order is a buying or selling order that is only valid during the day that the order was created. Day Orders that are not filled or partially filled will expire at the end of the session.
Other order types such as Good-Til-Canceled (GTC), Good-Til-Month (GTM) and Good-Til-Week (GTW) will soon become available in GStocks PH. .

Your order may be blocked or rejected when any of the following events happen:

1. • No available or insufficient funds in your online trading account. If you do not have available or sufficient funds to buy a stock, the Buy page will display an “Order Blocked – Exceeded remaining limit” pop-up error message. In this case, you may re-enter your buy order for an amount covered by your available funds or fund your account by making additional deposits or selling stocks in your online trading account.

    

   • No stock or insufficient number of shares in your online trading account. If you are selling stocks that you do not have or are selling more shares than what you have in your account, the Sell page will display an “Order Blocked – Your sell order is not covered by your position” pop-up error message. This may also occur if you have an outstanding sell order which you have not cancelled and you have posted a new sell order at a different price.
      

   • Placing an order after the market closes, but during the Run-off Period (between 02:50 p.m. and 03:00 p.m.) at a price other than the closing price of that issue for that day. Orders entered/submitted during the “Run-Off Period” should be at the closing prices of the stock. The order will be rejected and the Order History page will display a “(1116): Order price is not equal to close price.” error message.

    

   • Placing an order that is not in the prescribed board lot. The PSE requires that shares be traded in fixed minimum numbers of shares called “board lots” depending on the stock price range (SEE BOARD LOT TABLE). If an order is placed for a stock that is not in the prescribed board lot, you will not be able to submit that order in the Buy/Sell page.

    

   • Placing an order at a price that is not at the correct “price tick or fluctuation”. Depending on the stock price range, prices may change only in fixed steps called price ticks or price fluctuations. Orders, therefore, must be at prices that are in the multiples or price fluctuations of the stock (SEE BOARD LOT TABLE). Otherwise, the Buy/Sell page will display an “Order Failed: Incorrect order limit tick” pop-up error message.

    

   • Placing an order at a price that is above the ceiling for a particular stock for that day. The PSE sets a “price ceiling” for each stock everyday which is not more than 50% above the last traded price of the stock prior to the current trading day. If an order is entered at a price above the price ceiling for that stock, the order will be rejected and the Order History page will display a “(299): Trade Rule – Price limit exceeded” error message. (Note: IPO Listing Day and other special circumstances as advised by PSE are exempt from this)

    

   • Placing an order at a price that is below the floor price for a particular stock for that day. The PSE sets a “floor price” for each stock everyday which is not more than 40% below the last traded price of the stock prior to the current trading day. If an order is entered at a price below the floor price for that stock, the order will be rejected and the Order History page will display a “(295): Trade Rule – Price limit exceeded” error message.

    

   • Canceling an order during the Pre-Open Period. Orders cannot be cancelled during the Pre-Open Period (between 9:00 am to 9:30 am). If cancellation is entered during the Pre-Open Period, the order will be rejected and the Order History page will display a “(771): Orders cannot be amended at this time” error message.

    

   • As a foreigner, buying stocks which are prohibited for foreigners (see Prohibited Stocks for Foreigners table above)

Once an order has been submitted and received, its status can be viewed in the “View Orders” page. A message will appear on your screen advising you of the status of your order. Your account records will also be updated accordingly. Below are possible order statuses and symbols:

Orders entered electronically are usually posted quickly. However, several factors may affect the execution of your orders:
 

1. 1. Delays may occur due to market volatility and high trading volumes. This can result in trade executions at prices significantly different from the quoted price of the stock at the time the order was entered.

    

   2. Speed of trade executions may also depend on the Internet Service Provider (ISP). Online investors must be aware that ABCSI’s Internet service is provided by a third-party ISP. Given this, GCash may not have control over the Internet speed for the transmission of orders. However, it is assured that reasonable care and diligence has been taken by GCash in choosing its ISP.

    

   3. Timing in execution of orders may also be affected by market volume, order queues at the PSE, possible delays in order transmissions by your broker, and other systems issues.

Yes, you can place a cancel order anytime provided that the order has not been fully executed or matched. However, you cannot cancel an order during the pre-open period from 9:15 am to 9:30 am on trading days, during market recess and during pre-close period from 2:48 pm to 2:50 pm.

No, it is not possible to place orders after trading hours. If you try to place an order beyond market hours, an “Order Failed” pop-up error message will be displayed and the order will be prevented from proceeding.

Yes, for both buy and sell orders. For buy orders, your limit will be the amount available in your account balance for buying. For sell orders, you can only sell stocks available in your portfolio.

The maximum trading amount per transaction is equal to your portfolio balance.

No, you cannot place your order through email. For security reasons, your order can be placed through our Online Trading Facility only.

If you are unable to access your AB Capital Trading account, please check your network connection. Aside from this, please wait up to 24 hours and then try again.
 
Instances where the system is down are the only occasions that you can place orders or get quotes through AB Capital’s brokers. You can get in touch with AB Capital through the hotline at (632)8898-7585. Please note that orders placed through the hotline will have an increased rate of commission of 1.5% (1.25% over the usual rate).

Buy Orders: Please check if your buying power is sufficient for the order.
Sell Orders: Please check if your stock portfolio contains the number of shares of stock you want to sell.
For both Buy and Sell Orders:

• Please make sure that you follow the applicable Lot Size and Price Fluctuation for your chosen stock as described in the Board Lot table
• Please make sure that you submit your trade orders within the correct market hours corresponding to the PSE Trading Hours
• Please make sure that you follow the price ceiling and price floor limitations as implemented by PSE

For a more detailed explanation on why your orders may be rejected, please refer to Under what circumstance or situation will my order be rejected?
In case you see a system error message, please wait a few minutes and then try creating the order again.
If the issue persists or if you need further assistance, you may reach out to AB Capital through gcashcs@ABCapital.com.ph.

Deposit funds from your GCash wallet to your AB Capital trading wallet for free in 3 easy steps:

1. 1.  From your AB Capital dashboard, click on Top-up.
   2.  Enter your Top-up amount (must be at most equal to your GCash wallet balance)
   3.  Click submit.

It normally takes 24 hours for us to process your top-up into your AB Capital trading wallet. Once processed, you may already use these to purchase any of your favorite stock. While we strive to process your top-up within 1 banking day, an instance may arise, due to unforeseeable circumstances, that could take us up to 3 banking days to process your request.

Withdraw funds from your trading wallet to your Gcash wallet for free in 3 easy steps:

1. 1.  From your AB Capital Dashboard, click on Withdraw.
   2.  Enter your Withdrawal amount (subject to your GCash limits and must be at most equal to your Withdrawable Cash)
   3.  Click submit.

Withdrawal requests from your AB Capital trading wallet to your GCash wallet can take up to two (2) banking days to process. Due to unusual and unforeseen circumstances, processing your withdrawal request may take up to three (3) banking days.
 
Please be aware that GStocks PH follow the normal settlement procedures of the Philippines Stock Exchange. That is, sale proceeds will only be available on the third from the date of sale (T+3). For example, if you sold your stock on Monday, the sale proceeds will only be available for withdrawal on Thursday.
 
The usual two (2) banking days to process your withdrawal from your AB Capital trading to your GCash wallet will only begin from the time that the sale proceeds have become available.

GStocks PH follow the normal settlement procedures of the Philippines Stock Exchange. That is, sale proceeds will only be available on the third from the date of sale (T+3). For example, if you sold your stock on Monday, the sale proceeds will only be available for withdrawal on Thursday.
 
The sale proceeds will now become available for withdrawal. Please give us two (2) banking days to transfer your funds from your AB Capital trading wallet to your GCash wallet. Any unusual and unforeseen events may take us longer to process your withdrawal request.
Stock sale proceeds are nonetheless immediately available to you for buying stocks on the same day that the sale was made.

Under normal circumstances, it will take at most 5 banking days for the funds to be transferred from your AB Capital trading wallet to your GCash wallet.

Your cash dividends automatically go to your AB Capital trading wallet. If you wish to withdraw your cash dividends, please see withdrawal procedures.

Fill up the Letter to Transfer from Broker to Broker form with your instructions to transfer your existing stockholdings to ABCSI. Email the request to gcashcs@ABCapital.com.ph. You need to furnish ABCSI with a copy of this instruction. ABCSI will then coordinate the transfer of your stockholdings with your existing stockbroker. If your stockholdings are in street name i.e. lodged with the Philippine Depository and Trust Corporation (PDTC), then the transfer will be done electronically.

Yes. For more information please get in touch with the customer service team of AB Capital Securities Inc. through gcashcs@ABCapital.com.ph or you can call them at (632) 8898-7585. An AB Capital officer will help you check your stock certificate and assist you with the procedures.

You can check your stock trading history by following 2 easy steps:

1. 1.  From your AB Capital trading account dashboard, tap the Buy/Sell button which will bring you to the stock trading interface.
   2.  Tap the Order History button to view your stock transaction history.

AB Capital will send you a monthly Statement of Account (SOA) at the end of each month via email. In case you would like to request a SOA other than what is provided monthly or if you have any concerns regarding your SOAs, please reach out to AB Capital through gcashcs@ABCapital.com.ph.

AB Capital will send you the invoices of your transactions for the day at the end of each trading day via email. Please reach out to AB Capital through gcashcs@ABCapital.com.ph for any concerns regarding your invoices.

AB Capital will send you credit memos (CMs) as applicable. Please reach out to AB Capital through gcashcs@ABCapital.com.ph for any concerns regarding your CMs.

FOR THE BUYER

1.  Philippine Stock Exchange (PSE) fees equivalent to 0.005% of the gross amount. Gross amount refers to the number of shares bought multiplied by the price per share.
2.  Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross amount.
3.  Broker’s Commission of 0.25% based on the total gross value of the shares purchased or a minimum of Php20.00.
4. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.

To Illustrate:

• • Client buys 1,000 BPI shares at P50 (Par value is P5.00)
  • The Gross Amount of the purchase is P50,000.
  • The applicable fees for this transaction are:

• • • P125.00 : Commissions (0.25% of P50,000)
    • P15.00 : VAT (12% of P125)
    • P2.50 : Transaction fees (0.005% of P50,000)
    • P5.00 : SCCP fees (0.01% of P50,000)

 
FOR THE SELLER

1.  Stock Transaction Tax (Final Withholding Tax withheld by the Broker) equivalent to 0.6% of the gross selling proceeds. Gross selling proceeds refer to the total number of shares sold multiplied by the price per share.
2.  Transaction fees equivalent to 0.005% of the gross selling proceeds bought.
3.  Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross selling proceeds.
4. Broker’s Commission of 0.25% based on the total gross selling proceeds or a minimum of Php20.00.
5. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.

To Illustrate:

• • Client sells 1,000 BPI shares at P50 (Par value is P5.00)
  • Gross selling proceeds of the sale is P50,000.
  • The applicable fees for this transaction are:

• • • P125.00 : Commissions(0.25% of P50,000)
    • P15.00 : VAT(12% of P125)
    • P300.00 : Stock Transaction Tax(0.6% of 50,000)
    • P2.50 : Transaction fees(0.005% of P50,000)
    • P5.00 : SCCP fees(0.01% of P50,000)

We do not offer margin facilities for online trading accounts at this time. All orders for the purchase of securities through the Online Trading Facility are on cash basis only. Your account must contain sufficient funds to cover the purchase amount of the securities, the broker’s commission, and all the applicable transaction costs attributable to you as the buyer.

Yes, you have to fill up and sign an upliftment form, which will serve as your authorization to physically withdraw your stock certificate(s). The accomplished upliftment form should be sent to gcashcs@ABCapital.com.ph.
The Philippine Stock Exchange operates under a purely electronic, scriptless trading system of the Philippine Central Depository and Trust Corporation (PDTC). Your certificate will be available depending on how soon PDTC and the stock transfer agent of the particular issue are able to process your request. On the average, it takes anywhere between 30 to 60 days for the certificates to be released.
 
Stock transfer agents may also charge a nominal fee of Php165.00/stock for the service. However, there is an option known as “express upliftment” wherein it will take an average of one week only for the certificates to be released. It will involve a fee of Php700.00/stock.
 
If you would like to sell your stock certificate, you will need to lodge the shares which will take at most five (5) banking days at the minimum fee of Php112.00/issue and Php22.40/certificate.
 
Please get in touch with AB Capital for more assistance at gcashcs@ABCapital.com.ph.

Yes, you can request certification to prove you own stocks with AB Capital Securities, Inc. via email. Allow us to process this within 5 banking days. There will be a fee of P50.
 
Please get in touch with AB Capital for more assistance at gcashcs@ABCapital.com.ph.

Anyone can open an ABCSI account. You can be employed, unemployed, retired, a student or even a child. If you are employed, you need to provide your Social Security System (SSS) or Government Service Insurance System (GSIS) Number and Taxpayer Identification Number (TIN). If you are retired, you need to provide only your TIN. If you are a student, your student number is acceptable. For minors or persons below the age of 18, parents need to submit their child’s birth certificate and handle the In-Trust-For Account.

You can apply for an ABCSI account as long as you have a Social Security System (SSS) Number/Government Service Insurance System (GSIS), Taxpayer Identification Number (TIN), or the equivalent e.g., Passport Number, Driver’s License Number. In the application form, please supply the Government Identification Number equivalent to the Philippines’ SSS/GSIS/TIN Number and if some items are not applicable to you, kindly state “NA.”

To open an Online Account, select whether you wish to open a Personal Account or Corporate Account.

To open a Broker-Assisted Account, inform us of your intention through our Contact Us page and our client support representative shall assist you.

18 years is the minimum age required to open a personal account with ABCSI. If your child is below 18 years old, a parent/guardian needs to open an In-Trust-For (ITF) account. An ITF account requires the parent/guardian to fill out the account opening form, indicate the name of the child and attach their valid IDs with the child’s birth certificate.

There must be at least six (6) but not more than fifteen (15) characters in your username.

Your password must have six to sixteen (6-16) characters and at least one of each: uppercase letter, special character, and number.

A minimum initial deposit of P10,000 is required to open an account.

Yes, you can still open an ABCSI online account if you have an account with other banks. The purpose of your Registered Settlement Account is to receive the funds you withdraw from your ABCSI account. The difference is, transferring funds to partner banks takes 6 – 24 hours while transferring funds to non-partner banks can take up to 48 hours. Please read the Funding & Withdrawal Manual for more information.

Yes, you can apply for a Joint Account with more than two (2) people by informing us through our Contact Us page. From there our client support representative shall assist you.

Yes, however you must send us a written instruction addressed to:

Operations Head
AB Capital Securities, Inc.
Units 1210-1212, 1911-1912,
12th & 19th Floors, PSE Tower,
5th Ave. cor. 28th St.,
Bonifacio Global City
Taguig City, 1630, Philippines

It must be signed by both you and your spouse agreeing to open an account singly using the said certificate. Also, both of you will need to endorse the certificate.

At the moment, you can view your online trading transactions only. You still have to register separately for the Online Trading account because the Online Trading Facility is governed by a different set of terms and conditions. You can register online by filling in the Client Account Information Sheet.

An activation e-mail will be sent to your registered e-mail address after the approval of your application. You may then log in using the user ID and password combination that you have supplied or you were given. Application process will take 2-3 working days. If you have not receive an e-mail after the process period, first check your social, promotional and spam folders of your e-mail. If you still did not receive the activation e-mail, kindly notify us at customerservice@abcapital.com.ph.

You can invest in ALL Philippine Stocks except for a few listed below.

The table below illustrates the corresponding Stock Code you can trade for the following companies.

You can use the ‘Forgot Password?’ feature. This is found in the login page below the username and password. You will be asked to supply an answer to the question you have chosen during the initial registration when you created your account. If you successfully answer, your password will be sent to your e-mail address that you provided.

To change your password, follow the following procedures:

1. This can be accessed by logging in to our Online Trading Site.
2. Go to the MAIN/HOMEPAGE and click the ACCOUNT INFO PROFILE.
3. Type in your old password and desired new password twice. (It should be at least 6-15 characters)
4. Click on the UPDATE PASSWORD button.
5. After updating your password, you will be notified that your password has been successfully changed.

Password is case-sensitive. Please check to make sure that you entered your password using the correct lower- and upper-case letters or keys.

If your username and password would not work, click on the “Forgot your username” or “Forgot your password” link found below the login button. Enter the answer to your chosen security question. An e-mail will be sent to you.

If you forgot the answer to your security question, using your registered e-mail address send a request to retrieve username or reset password to customerservice@abcapital.com.ph.

If problem persists, please call our Technical Support Unit at (632) 8898-7559. An ABCSI officer will be available to attend to your queries Mondays to Fridays, from 8:30 am to 5:30 pm.

Please fill up the Letter for Change of Mail Address form. Bring or mail the form to the Head Office. You can also fax it to (632) 88987596 or e-mail to customerservice@abcapital.com.ph.

Using your current registered e-mail address, send an e-mail to customerservice@abcapital.com.ph a request to update your e-mail address.

The security of your account and transaction information is of paramount importance to us. We continually evaluate the Internet systems, services, and software used in our operations to ensure that they meet the highest standards of security. We use sophisticated technology to provide what we believe to be among the most advanced security measures currently available. All online transactions are encrypted and are routed from the Internet server through a “firewall” that limits access to the online trading server.

We use 256-bit encryption protection through Secure Socket Layer (SSL) to ensure that transmissions to and from our online trading site are protected against unauthorized access or intrusion. Moreover, when you initially open an account with us, you will be the one to key in your preferred username and password that will allow you access to the online trading site. Without this online username and password combination, access to the trading site will not be permitted. Once our system accepts your user id and password combination, no one else will have knowledge of it, not even us. For your protection, under no circumstances should you divulge your user id and password combination to anyone. You should also change your password periodically or as soon as you believe that it has been compromised.

If your account has been static for 20 minutes, your account will automatically log out. It is one of our safety measures to protect your account from people who might tinker with it when you are not on your device and you have forgotten to log out.

Your account will be closed when both of the following conditions are met:

• Your account balance is zero and has been inactive for six consecutive months
• There are no stocks left in your inventory

If you wish to reactivate your account, deposit any amount to your account and inform AB Capital thru customerservice@abcapital.com.ph that you wish to reactivate your account.

For steps on how to deposit to your account, please read our Fund Account section.

For GStocks PH users please click this link for the step-by-step instructions on adding (top up) to your AB Capital Trading Wallet.
Top up

You can wire transfer your deposit to:

Account Name : AB CAPITAL SECURITIES, INC.
US$ Account No. : 641-2-64100630-5
Name of Bank : Metropolitan Bank & Trust Company
Branch : Tordesillas – Gil Puyat Ave. Branch, Makati City
Swift Code : MBTCPHMM

US Dollar deposits to AB Capital’s Dollar Account will take 5 to 12 working days. Besides the bank clearing period, we will be converting your US Dollar to Philippine Peso.

NOTE: For US Dollar deposit, please fill up the DEPOSIT ALERT without filling up and attaching the proof of deposit, we will not be able to credit funds to your account.

Under the Philippine Stock Exchange (PSE) settlement procedures, proceeds from sell trades are received by ABCSI three (3) business days after transaction date. Accordingly, the proceeds shall be withdrawable from your account three (3) business days after the date of sale.

Stock sale proceeds are nonetheless immediately available to you for buying stocks on the same day the sale was made.

If you wish for settlement in USD, the following steps must be followed.

1. Input the amount you wish to withdraw in Philippine Peso (PHP)
2. Include the following information in your confirmation e-mail

Withdrawal requests shall be processed upon receipt of confirmation via registered e-mail address. Hence, only those with confirmation on or before the cut-off time of 10:00 AM shall be processed on the same day. Please refer to the credit schedules below for more details on when you can expect credit to your Registered Settlement Account.

Requests that are not confirmed after the cut-off time of the next trading day will be cancelled by ABCSI.

Withdrawals in U.S. Dollars will be credited to the Registered Settlement Account within two (2) banking days upon receipt of withdrawal request confirmation.

The availability of checks for pick-up depends on the pick-up location while checks for delivery shall be dispatched within two (2) banking days upon receipt of withdrawal request confirmation.

Yes, you can transfer your stock portfolio by filling up the Letter for Transfer from Broker Assisted to Online Form. Bring or mail the form to the Head Office. You can also fax it to (632) 88987596 or e-mail to customerservice@abcapital.com.ph.

Fill up the Letter to Transfer from Broker to Broker form with your instructions to transfer your existing stockholdings to ABCSI. You need to furnish ABCSI a copy of this instruction and we will coordinate the transfer of your stockholdings with your existing stockbroker. If your stockholdings are in street name i.e. lodged with the Philippine Central Depository and Trust Corporation (PDTC), then the transfer will be done electronically.

Yes, call the nos. (632)8898-7618 or (632)8898-7520. An AB Capital officer will help you check your stock certificate and assist you on the procedures. Each stock certificate has a different set of processes.

Please follow these steps on how to withdraw funds from your account:

1. Accomplish the Withdrawal Form that can be accessed by logging in to our Online Trading Account.
2. Go to MAIN tab and click the WITHDRAWAL link.
3. On the Withdrawal form, fill in the information required.
4. Once the form has been submitted, we will send you a readback through email.

If the information is complete, reply to our email by typing “CONFIRMED”. We will process your request only after we have received your confirmation.
Please be informed that we have only have until 10am cut-off time for withdrawal confirmation.
This is also to inform you that since we have our withdrawal page, only “cleared” funds are seen on the withdrawable amount.
Furthermore, please be reminded that if your funds arise from selling transaction, it is still due for T+3 settlement. Please note that in selling stocks under PSE settlement procedures, the funds are received by ABCSI and credited to your account three (3) business days after transaction date.

For GStocks PH users please click this link for the step-by-step instructions on how to withdraw funds from your AB Capital Trading Wallet to your GCash wallet.
Withdraw funds

Your cash dividends automatically goes to your online account as required under existing rules of the PSE. If you wish to withdraw your cash dividends, please see withdrawal procedures.

You can trade any stock listed in the Philippine Stock Exchange, as long as it is not suspended for trading. Click here to view the list.

You can trade from 9:00 am to 03:30 pm (GMT + 08:00), Mondays to Fridays, except for Philippine legal holidays and days when the Bangko Sentral ng Pilipinas’ (Central Bank of the Philippines) Clearing Office is closed.

The trading session of the PSE follows the schedule below:

You can place an order by following these instructions:

1. Click on the TRADING tab located on the menu bar.
2. Select if you will BUY (Green) or SELL (RED).
3. Indicate your desired Stock Code, Quantity of stocks and Price at which you would like to buy/sell. Choose which term the order will be: DAY, GTW or GTM.
4. Click on PREVIEW ORDER to enter your purchase.
5. An order readback will pop on your screen. Read information carefully. If you are satisfied, confirm order by typing in your password.

There are three kinds of orders. They are Normal, Odd Lot and Iceberg.

• Normal orders are orders that follow the board lot. The Board Lot standardizes the quantity/ number of shares you can purchase depending on the price of the stock.
• Odd Lot are considered to be anything less than the normal/ standard shares.
• Iceberg, also referred to as “Disclosed Quantity Orders,” is a large single order that has been divided into smaller lots for the purpose of hiding the actual order quantity.

After you have placed and confirmed your order by clicking the “Place Order” button, the “View Orders” page will show the message “O” or “Open” in the Status column. This means that your order was already received by the PSE. You will know that your order has been received by ABCSI once the Status column shows that your order has either been open, filled, rejected, or cancelled.

Your order may be rejected when any of these events happen:

• No available or insufficient funds in your online trading account. If you do not have available or sufficient funds to buy a stock, the “View Balances” page displays the message: “Rejected: Cannot Exceed Limit”. In this case, you may re-enter your buy order for an amount covered by your available funds or fund your account by making additional deposits or selling stocks in your online trading account.
• No stock or insufficient number of shares in your online trading account. If you are selling stocks that you do not have or are selling more shares than what you have in your account, the “View Balances” page displays the message: “Rejected: No Stock Position”. Short-selling is not allowed. This may also occur if you have an outstanding sell order that you have not cancelled and you have posted a new sell order at a different price.
• Placing an order after the market closes, but during the Run-off Period (between 03:20 p.m. and 03:30 p.m.) at a price other than the closing price of that issue for that day. Orders entered/submitted during the “Run-Off Period” should be at the closing prices of the stock. Otherwise, the “View Balances” page displays the message: “Rejected: Invalid Price: Must Be At Closing Price”.
• Placing an order that is not in the prescribed board lot. The PSE requires that shares be traded in fixed minimum number of shares called “board lots” depending on the stock price range (SEE TABLE). If an order is placed for a stock that is not in the prescribed board lot, the “View Balances” page displays the message: “Rejected: Odd/Mixed Lot Orders Not Allowed”.
• Placing an order at a price that is not at the correct “price tick or fluctuation”. Depending on the stock price range, prices may change only in fixed steps called price ticks or price fluctuations. Orders therefore, must be at prices that are in the multiples or price fluctuations of the stock (SEE TABLE). Otherwise, the “View Balances” page displays the message: “Rejected: Invalid Price Fluctuation”.
• Placing an order at a price that is above the ceiling for a particular stock for that day. The PSE sets a “price ceiling” for each stock everyday which is not more than 50% above the last traded price of the stock prior to the current trading day. If an order is entered at a price above the price ceiling for that stock, the “View Balances” page displays the message: “Rejected: Invalid Price. Must Not Exceed Ceiling Price”.
• Placing an order at a price that is below the floor price for a particular stock for that day. The PSE sets a “floor price” for each stock everyday that is not more than 50% below the last traded price of the stock prior to the current trading day. If an order is entered at a price below the floor price for that stock, the “View Balances” page displays the message: “Rejected: Invalid price. Must Not Be Below Floor Price”.
• Canceling an order during the Pre-Open Period. Orders cannot be cancelled during the Pre-Open Period (between 9:15 am to 9:30 am). If cancellation is entered during the Pre-Open Period, the “View Balances” page displays the message: “Rejected: Cancellation Not Allowed During Pre-Open Period”.

Once an order has been submitted and received, its status can be viewed in the “View Orders” page. A message will appear on your screen advising you of the status of your order. Your account records will also be updated accordingly.

Orders entered electronically are usually posted quickly. However, several factors may affect the execution of your orders: (1) Delays may occur due to market volatility and high trading volumes. This can result in trade executions at prices significantly different from the quoted price of the stock at the time the order was entered. (2) Speed of trade executions may also depend on the Internet Service Provider (ISP). Online investors must be aware that ABCSI’s Internet service is provided by a third party ISP. Given this, ABCSI may not have control over the Internet speed for the transmission of orders. However, it is assured that reasonable care and diligence has been taken by ABCSI in choosing its ISP. (3) Timing in execution of orders may also be affected by market volume, order queues at the PSE, possible delays in order transmissions by your broker, and other systems issues.

Yes, you can place a cancel order anytime provided that the order has not been executed or matched. However, you cannot cancel an order during the pre-open period from 9:15 am to 9:30 am and pre-close from 3:18 pm to 3:20 pm on trading days.

Yes, you can sell your stock immediately even after 5 minutes of buying the stock.

Yes, you can use the funds to buy another stock or the same stock immediately. If you were to withdraw, it will take three (3) working days to be credited to your bank account due to the clearing period.

Yes, ABCSI’s Online Trading Facility allows you to place your orders at any time of the day or any day of the week, even beyond trading hours. However, orders placed beyond the official trading hours or on a non-trading day will be placed on queue for posting on the succeeding trading day.

Yes, the Philippine Stock Exchange determines the minimum quantity of shares based on the price of the stock. The minimum size is called Board Lot. If the stock’s board lot is 1,000 then the quantity of shares you can purchase should be divisible by 1,000. Therefore, if you order 8,400 or 5,600 you will be rejected while 3,000, 7,000 or 15,000 will be accepted.

Board Lots and Price Fluctuations

No, you cannot enter limit orders in the sense where you can limit a buying order to the highest price you are willing to pay and the limit on a selling order on the lowest price you are willing to accept. You can make limit orders depending on the duration you want your order to be posted in the market. You can make DAY, GTW, GTM orders:

• DAY – an order to buy or sell shares at a specific price, which expires automatically at the end of the trading day if no match was made.
• GTW (Good-Til-Week) – an order that will remain valid/outstanding for seven (7) calendar days unless cancelled by client or PSE (eg. Announcement of Dividends) prior to expiration.
• GTM (Good-Til-Month) – an order that will remain valid/outstanding for twenty-nine (29) calendar days unless cancelled by client or PSE (eg. Announcement of Dividends) prior to expiration.

Yes, for both buy and sell orders. For buy orders, your limit will be the amount available in your account balance for buying. For sell orders, you can only sell stocks available in your portfolio.

The maximum trading amount per transaction is equal to your Cash balance.

No, you cannot place your order through e-mail. For security reasons, your order can be placed through our Online Trading Facility only. This facility is secure and can only be accessed using a valid username and password known only to you.

You cannot place orders through our brokers since your online trading account is secured by a password known only to you. Therefore, our brokers cannot access your account to process the transaction. However, you can get quotes from our brokers over the telephone.

Only on this occasion can you place orders or get quotes through our brokers. You can get in touch with us at the no. (632)8898-7555.

For the Buyer:

Philippine Stock Exchange (PSE) fees equivalent to 0.005% of the gross amount. Gross amount refers to the number of shares bought multiplied by the price per share. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross amount. Broker’s Commission of 0.25% based on the total gross value of the shares purchased or a minimum of Php20.00. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.

To Illustrate:

Client buys 1,000 BPI shares at P50 (Par value is P5.00)
Gross Amount of his purchase is P50,000.

The applicable fees for this transaction are:

For The Seller:

Stock Transaction Tax (Final Withholding Tax withheld by the Broker) equivalent to 0.6% of the gross selling proceeds. Gross selling proceeds refer to total number of shares sold multiplied by the price per share. Transaction fees equivalent to 0.005% of the gross selling proceeds bought. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross selling proceeds. Broker’s Commission of 0.25% based on the total gross selling proceeds or a minimum of Php20.00. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.

To Illustrate:

Client sells 1,000 BPI shares at P50 (Par value is P5.00)
Gross selling proceeds of his sale is P50,000.

The applicable fees for this transaction are:

If there is an existing tax treaty between the Philippines and the country where the other party to the transaction resides, the applicable preferential tax rates under the treaty shall apply. Conversely, in the absence of such treaty, the ordinary rates under Philippine tax laws particularly the Philippine Tax Code of 1997 shall apply. Any availment of the tax treaty relief shall be preceded by an application covered by BIR Form No. 0901 (“Application for Relief from Double Taxation”). The application shall be filed at least fifteen (15) days before the proposed transaction. It shall be accompanied by supporting documents justifying the relief.

If you are a Philippine citizen or a resident foreigner, you are subject to a final withholding tax of 10% on the gross amount of dividends received.

If you are a non-resident foreigner engaged in trade or business in the Philippines, you are subject to a final withholding tax of 20% on the gross amount of dividends received.

If you are a non-resident foreigner not engaged in trade or business in the Philippines, you are subject to a final withholding tax of 25% on the gross amount of dividends received.

In the case of a foreign corporation or an individual who is a resident of a treaty country, the applicable tax rate on dividends under the treaty shall apply.

Cash and property dividends received from a domestic corporation by a non-resident foreign corporation are subject to final withholding tax of 35%. The 35% rate for dividends paid to a non-resident foreign corporation may be reduced to 15% subject to the conditions that the country in which the non-resident foreign corporation is domiciled allows a credit against the tax due from the non-resident foreign corporation, taxes deemed to have been paid in the Philippines equivalent to 20%, which represents the difference between the regular tax on corporations and the reduced tax on dividends.

Stock dividends distributed pro rata among stockholders of the same class are not subject to Philippine income tax but shall be subject to a documentary stamp tax on the original issue of the share at the rate of P2.00 for every P200.00 or a fraction thereof based on the par value of the share, which is paid for by the corporation declaring the stock dividend.

No, we do not charge any monthly/annual fee. We only charge when you buy or sell a stock. The Broker’s Commission consists of 0.25% of the total gross value of shares or minimum of Php20.00 whichever is higher.

• The purpose of the ABCSI Margin Account is to provide funding access to stock market investors
• Buying on margin involves getting a loan from ABCSI and utilizing the money from the loan to invest in more securities (listed in the Philippine Stock Exchange)

In a Cash Account, you can only purchase stocks limited by the cash balance you have in your account. With a margin account, ABCSI will provide you a credit facility/ funding to buy stocks as long as you meet the requirements and you have marginable stocks in your portfolio as collateral or security for the amount you would like to borrow.

• Individuals 21 years and above or Corporations who are existing On- Line clients of ABCSI.
• You need to open an ABCSI Margin Account by accomplishing the “Margin Trading Agreement” (click here to download a copy) and submit 3 copies of the duly accomplished Margin Facility Agreement to AB Capital Securities, Inc. at Units 1210-1212, 1911-1912 12th and 19th Floors PSE Tower 5th Avenue corner 28th Street Bonifacio Global City 1634 Taguig City.
• Make sure that you meet the “Initial Equity Requirement” of at least Php200,000, which can be in the form of cash, stocks, or a combination of both cash and stocks
• Credit Limit per Customer not exceeding Php 1,000,000.00
• Note that, aside from cash, only stocks that are eligible as collateral, called “Marginable Stocks”, can form part of the initial equity.
• You will receive a notification thru e-mail from AB Capital Securities once your application for a Margin Account is approved.

• Marginable Stocks are those that ABCSI accepts as collateral for the amount borrowed under the Margin Account. (See Annex “A” for list of Marginable Stocks and corresponding Margin Ratings)
• Note that only Marginable Stocks can be:
  • Included to form part of initial and subsequent minimum equity requirement
  • Used as collateral or security for the amount borrowed
  • Bought using additional funds borrowed from ABCSI
  • Note that ABCSI reserves the right to add/remove stocks from the list should they fail to meet the criteria to be eligible as Marginable Stocks.

• The interest rate is 1.25 % per month + 12% VAT, which is subject to change without prior notice.
• The amount of interest that you have to pay is calculated and accumulated daily based on the balance of the loan amount at the end of the day.
• ABCSI debits the interest charges to your account at the end of each month.
• You should monitor your account carefully to stay informed of the amount of interest you are being charged for your margin loan. Interest expense on a margin loan can materially reduce the rate of return on your investment.

• Maximum of one (1) year, renewable through written advice
• Note that interest charges accumulate over time as long as the loan is outstanding.

• To keep your credit line open, your equity must be at least 50% (200% Collateral requirement) of the value of the marginable stocks in your portfolio.
• Equity is the value of marginable stocks in your portfolio minus the outstanding loan balance.
• In no event shall new or additional credit be extended in account in which equity is less than P 50,000
• This means that if you have P1 million worth of stocks in your account, your loan balance should not exceed P500,000
• Sometimes, the value of your equity falls especially when the market price of the collateral declines. In this case, if your equity falls below 50%, then you will receive a “Margin Call”.

If your equity falls below the minimum maintenance requirement of 50%, your ability to purchase more stocks is halted up until this purchase can be raised back to at least 50%.
Let us say that the aggregate (based on our margin ratings) market value of stock is Php 900,000 and outstanding margin balance is at Php 600,000, your equity is 33.33 % (Php 900,000 -600,000 / Php 900,000). Since it is below the 50 % threshold, a margin call will be issued.

• When you receive a “Margin Call”, you will be required to bring your equity back above the 50% minimum requirement within five (5) trading days.
• You can bring your equity back above the 50% minimum requirement by:
  • Depositing sufficient cash into your account
  • Selling sufficient stocks to pay down the loan
  • Infusing more marginable stocks in your account
• If you fail to restore equity above the minimum requirement, ABCSI will sell stocks in your account sufficient to cover the deficiency. If your stocks are sold off after prices have plunged, then your losses are locked in and you lose your chance to participate in any future rebounds that may take place.

• Once your equity level falls below 30%, your margin trading privileges shall automatically be suspended. If your margin account is suspended, sufficient amount of stocks will be sold to pay off your loan and your account is then converted into a regular Cash Account.
• In case the proceeds from the sale of the securities in your account are not sufficient to fully cover the loan, you remain personally liable for the loan balance, as well as for any cost incurred in collecting that amount.

• Margin Trading can amplify gains as well as losses.
• While buying on margin can potentially pump up your profits and boost your purchasing power, utilizing it comes with very steep risks. If portfolio value falls considerably, you may have to deal with margin calls, additional equity might be demanded on short notice or else face a forced liquidation. Once stocks are sold after prices have plummeted, you’ve lost out on the chance to recoup your losses.

• Margin trading requires an investor to be extra vigilant in monitoring his/ her margin account portfolio to ensure that the margin does not fall below the required level especially during periods of enhanced volatility.
• Use margin for a basket of stocks because it reduces the odds of a margin call triggered by a major decline in one stock.
• Assess to ensure that trading on margin is appropriate to your financial circumstances risk tolerance and financial objectives.
• Use margin for opportunity (short -term) trading because interest costs on margin debt can add up to a substantial amount and make a major dent on your profits.
• Do not leverage to the hilt. Borrow less than the maximum amount allowable in your account to avoid the risk of a margin call.

A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. It is essentially a diversified portfolio of financial instruments – these could be equities, debentures / bonds or money market instruments. The corpus of the fund is then deployed in investment alternatives that help to meet predefined investment objectives. The income earned through these investments and the capital appreciation realized are shared by its shareholders in proportion to the number of shares (NAVPS) owned by them. Thus, a Mutual Fund is a suitable investment for the common person as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost. A mutual fund can make money in two ways: 1) the security can pay dividends and interest to the fund; or 2) A security can rise in value.

Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.

The value or price at which investors could subscribe or redeem the shares of a mutual fund.

NAVPS is computed:
NAVPS = Total Value of Fund Assets – Total Liabilities
Number of shares Outstanding

The NAV is updated at the end of trading day. What this means is that your purchase will be based on the updated NAV at the end of the trading day, and published only on T+1. Because of this, you may not know the exact NAV at the time you subscribe or redeem your shares.

Mutual funds are a mix of bonds, stocks, and other financial instruments. When you buy or sell a mutual fund, you are also buying and selling a combination of bonds, stocks, and other financial assets. Returns will depend on the condition of the markets represented by the mutual fund.

Diversified

Mutual funds aim to reduce the volatility of returns by placing in different types of investment thus inherently balancing risk across various outlets. Investor of mutual funds, attain the benefit of diversification as mutual funds are invested in a wide range of securities.

Professionally Managed

Mutual funds are managed by professional fund managers who analyze the market and which stocks and/or bonds to buy or sell in the portfolio of a fund on a daily basis. Your small investment is represented by the number of shares you hold in one of the many investors in the fund and the price for each share is called Net Asset Value Per Share (NAVPS).

Liquidity

Investors can sell their holdings in mutual fund investments anytime without worrying about finding a buyer at the right price.

Low Cost

There is no “Front – end” fee (fee that is being charged upon initial investment). Moreover, since mutual funds are a pool of money of many investors, the amount of investment made in securities is large and therefore can command a lower (fee) charge.

Transparency

Prices of open-ended mutual funds are declared daily. Regular updates on the value of your investment are available. The portfolio is also disclosed regularly with the fund manager’s investment strategy and outlook.

Safe

Mutual funds are highly/well regulated by the Securities and Exchange Commission (SEC) and function under strict regulations designed to protect the interest of investors.

No. Mutual fund gains are exempted from taxes based on the Comprehensive Tax Reform Package. This was done to promote long-term savings in the country.

Equity Funds

Funds that are invested in stocks listed in the Philippine Stock Exchange.

Bond Funds

Funds composed of debt instruments issued by the Government or Private Corporation.

Balanced Funds

Funds are allocated on both stocks and bonds.

Money Markets

Funds are invested in short-term time deposits, corporate bonds, treasury bills and government securities.

As a general rule, Mutual Funds do not offer guaranteed returns to investors. As an investor, you should note the risk and returns of the fund you invested in. All returns depend on the following factors: the amount of money you invested, market conditions, and the strategy of the fund manager.

Minimum initial investment is at only P5,000.

Redemption price is the price received by the customer on selling units of an open-ended scheme to the fund. If the fund does not levy an exit load, the redemption price will be same as the NAV. The redemption price will be lower than the NAV in case the fund levies an exit load.

Redemption must be settled to the respective clients account within T+7days. If you redeem within the holding period, you are subject for an early redemption fee this will be automatically deducted from your proceeds. Redemption fees are computed as follows:

Gross Proceeds = No. of Shares Redeemed x Navps
Net Proceeds = Gross Proceeds x (1 – Exit Fees)

Mutual fund charges a fee for portfolio management on an annual basis is calculated as a percentage of net assets under management.

1. Log-in your ABCSI account and click on the Mutual Fund tab on the upper right side.
2. Click on the INVEST tab.
3. Select a transaction type.
4. Click on Fund Code to choose a mutual fund.
5. For buy orders (Subscribe), place your desired investment amount (note: order must comply with minimum investment amount of a fund).
6. For sell orders (Redeem), place the number of shares you want to redeem (note: order must comply with minimum redemption amount of a fund).
7. Click on Preview Order to show a summary of your order so that you may review the particulars of the order before it is sent.
8. Once you are ready, you must enter your password then press Place Order to submit the order for posting.

1. Go to the VIEW INSTRUCTIONS tab, select “PENDING” then choose the desired instruction to be cancelled and click the CANCEL INSTRUCTION.
2. Enter your password then click Cancel Order. Note that you may only cancel orders before they are sent to the fund providers at the specified dealing cut-off time.
3. Instruction cut-off time is 11:00am.

*Note: Only Pending (status) Instructions can be Cancelled.

1. Go to the VIEW INSTRUCTION tab, select “PENDING” then choose the desired instruction to be modify and click the EDIT INSTRUCTION.
2. Input the revised amount that you want to buy or the revised number shares that you want to redeem.
3. Enter your password and click Modify Order. Note that you may only modify orders before they are sent to the fund providers at the specified dealing cut-off time.
4. Instruction cut-off time is 11:00am

*Note: Only Pending (status) Instructions can be Modify.

The cut-off time in Subscription and Redemption orders is 11:00am. Any orders submitted 11:00am onwards shall be processed the next banking day.

Subscriptions or redemptions received on or before the cut-off period will be processed based on the NAVPS for that business day.

*Note : AB Capital may share your personal information to selected Fund Providers upon Initial Investment. For Details on AB Capital’s Privacy Policy, please see the company’s Privacy policy here.

• Shares purchased under FAMI will be rounded down to the nearest whole number.
• Shares purchased under SLAMCI will be rounded off to the nearest whole number.

Orders placed within the cut-off period, confirmation of orders will be sent via e-mail in the succeeding business day. Otherwise, orders submitted after the cut-off period will be processed in the next business day and confirmations from these will come the day after.

AB Capital Advantage takes the spot as the most advanced online stock trading platform that can be accessed 24/7 anytime, anywhere. This new web-based system offers an advanced interface that allows faster trading, faster access to the most relevant market data and better portfolio management.

Yes, in order to enjoy AB Capital Advantage, you should be an existing online client of AB Capital Securities.

Yes it is available to all online clients.

None, eligible clients can enjoy using AB Capital Advantage with no additional charges.

You can withdraw your funds with the AB Capital Advantage. Go to Accounts > Withdrawals.

No, you can only log in and use either of one of the two trading platforms at a time.

• Quick trade features. No need to input password in every transaction.
• Real time market disclosures including net foreign data
• View market pressure
• Set up to 5 watchlist of 30 stocks each with sortable columns
• Set up to 5 multiple bid-ask displays
• Consolidated view of both cash, stocks and mutual fund positions;
• More detailed view of Broker Rankings listed in a table as well as individualized broker activity.
• Enhanced research pages with consensus stock price target and consensus stock rating

We do not offer margin facilities for online trading accounts at this time. All orders for the purchase of securities through the Online Trading Facility are on cash basis only. Your account must contain sufficient funds to cover the purchase amount of the securities, the broker’s commission, and all the applicable transaction costs attributable to you as the buyer.

No, since your online trading account is secured and operated by a username and password known only to you, we cannot access your online trading account even if you give us a phoned-in instruction to execute a trade. However, if you foresee that you might occasionally need the assistance of a broker, we would suggest that you maintain your regular broker-assisted account with us in addition to the online trading account.

Yes, you have to sign an upliftment form, which will serve as your authorization to physically withdraw your stock certificate(s). The Philippine Stock Exchange operates under a purely electronic, scripless trading system of the Philippine Central Depository and Trust Corporation (PDTC). Your certificate will be available depending on how soon PDTC and the stock transfer agent of the particular issue are able to process your request. On the average, it takes anywhere between 30 to 45 days for the certificates to be released. Stock transfer agents may also charge a nominal fee of Php165.00/stock for the service. However, there is an option known as “express upliftment” wherein it will take an average of one week only for the certificates to be released. It will involve a fee of Php700.00/stock.

If you would like to sell your stock certificate, you will need to lodge the shares, which will take at the most five (5) working days at the minimum fee of Php112.00/issue and Php22.40/certificate.

No, AB Capital does not provide the service of storing stock certificates. We can only fund your online account with your stock certificates.

Yes, you can request for the stock certificates to be delivered to you and we will send these to you via registered mail or through a reputable courier.