How to Open a CitisecOnline Account

How to Open an Account with CitsecOnline

So you want to learn and earn from the Philippines stock market? You may want to start with the things every newbie should know about the stock market. It highlights the most basic questions about the stock market, how to get started in investing, where to invest, what are some of the best blogs and online resources  when investing in the stock market. 

Steps on How to Open an Account with CitisecOnline:

1. Choose a trading/investing account 

Options available are Personal Accounts which is divided in Regular Account and the EIP (Easy Investment Program) and Corporate Accounts

a. Regular Account 
- Minimum deposit of P 25,000). 
- It is a personal trading account that be owned by a single person or jointly.

b. EIP (Easy Investment Program) 
- Minimum deposit - P 5,000
- Uses a calendared Cost Averaging Strategy. It means that you will have to follow a schedule and regular investment on the account (for example: P5,000 monthly)

2. Download and fill up the Personal Account or Corporate Account Forms

a. Personal Account Forms:
The forms contain the Individual Customer Account Information Form (CAIF), Online Securities Trading Agreement and Signature Cards. You may download all of three here

b. Corporate Account Forms:
Customer Account Information Form (Download here)
Online Securities Trading Agreement (Download here)
Signature Cards (Download here

For detailed instructions on how to fill out the Personal Account: EIP & REGULAR Account forms, click here

What are the Requirements?

3. Prepare two (2) copies of any valid ID and one (1) latest copy of your utility bill, bank statement or credit card statement.

a. Personal Account
(1) Photocopy or Scan copy of a Government Issued Valid ID
(ex. Driver's License, Passport, SSS ID, Senior Citizen ID, Voter's ID)
Important note: Photo and Signature on the ID should be clear

(2) Billing Statement - waived with a personal appearance
(ex. Utility Bill, Credit Card Bill)
Important note: Name, Address and Date should be present in the statement

b. For Corporate Account
a. Photocopy of each of the following documents duly Certified by the corporate secretary:
SEC Registration
Articles of Incorporation, Partnership or equivalent
By-Laws of the Corporation
Latest General Information Sheet (GIS) filed with the Securities and Exchange Commission (SEC)
Latest Audited Financial Statements
Notarized Board Resolution authorizing the corporation to open an account with
b. CitisecOnline and the designated officer(s) authorized to transact and trade in behalf of the corporation
c. Sworn Statement as to the existence or non-existence of beneficial owners certified by the corporate secretary
d. Photocopy of one (1) identity document issued by the Philippine Government of the authorized officer(s)

4. Submit the documents to CitisecOnline, Inc.
Address: 2403B East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Pasig City, 1605 Philippines
Note: Hard Copies of the documents are needed as the company cannot approve scanned or faxed copies of the application forms.

How to Fund the Account?

5. Fund the Account

Once your application has been approved, we will send you your 8-digit CitisecOnline account number to be used for your funding.

You can now fund your CitisecOnline Account through any of the following options:

Online Banking via Merchant Payment
Bank of the Philippine Islands -
Banco de Oro -
Metrobank -
Over-the-Counter via Merchant Payment
Bank of the Philippine Islands
Banco de Oro
Over-the-Counter via CitisecOnline Business Center
CitisecOnline Business Center
2403B East Tower, Philippine Stock Exchange Centre,
Exchange Road, Ortigas Center, Philippines

COL ACCOUNT NUMBER when making payments to ensure proper and timely credit to your account.

Minimum Initial Deposit for EIP Account: P5,000
Minimum Initial Deposit for Regular and Corporate Account: P25,000

6. Login to your CitisecOnline Account

Once your account has been approved and funded, your log-in details will be sent to you via email.

7. Have fun investing and trading!

Should you have any investing and finance-related questions, feel free to ask me and I will try to answer them in the next Reader Asks section of this blog. 

Highlight of the Week: PH is World’s 5th Most Improved Country, According to A Study

Stock Market News - Philippines

Highlights of the Week: News, events and updates that are likely to affect your investments and trades in the Philippines stock market.

The Philippines was cited as the fifth most improved country in the world, rising two notches to rank 133 from 135th last year, in the 2012 Global Peace Index (GPI).

PILIPINAS Shell Petroleum Corp., the local arm of Royal Dutch Shell Plc., is planning to set up a liquefied natural gas (LNG) import facility in the Philippines, the first in Southeast Asia.

DIVERSIFIED CONGLOMERATE San Miguel Corp. has strengthened its hold over Manila Electric Co. (Meralco) after its subsidiary finalized an earlier purchase of P56.67 billion worth of shares previously held by the Social Security System (SSS).

San Miguel, through SMC Global Power Holdings Corp., has thus hiked its stake in the utility to 32.39% from a previous 21.46% as of end-March, keeping the conglomerate as the second largest shareholder after Pangilinan-led Beacon Electric Asset Holdings, Inc. which holds 42.25%, based on data from the local bourse.

Good News and Bad News for the Philippines This Week

Highlights of the Week: News, events and updates that are likely to affect your investments and trades in the Philippines stock market.

Good News and Bad News for the Philippines This Week

There had been a mix of good news and bad news for the Philippine economy and politics this week. For the good news, the UK government assures Philippines of more investments. British Prime Minister David Cameron yesterday assured Philippine President Benigno Aquino of his government's continued support for the Philippines' public-private partnership program (PPP) and said he looked forward to more British companies investing in the country.

Another good news is that Moody's unit raises Philippines growth forecast. The research arm of Moody's Investors Services has raised its economic growth forecast for the Philippines this year to 4.7 per cent from 4 per cent, citing the government's ant-corruption drive and big push for infrastructure development that will aid efforts to attract investors.

However, the bad news is that the Philippines risks joining money-laundering blacklist. The Philippines faces the risk of joining a global money-laundering blacklist after it failed to approve all required amendments to legislation on illegal movement of money, threatening its ability to attract foreign investment.

Ending up on the Financial Action Task Force blacklist would also make it difficult for Filipinos abroad to send money home and for local banks to transact business overseas.

Thoughts About the News

It's a good thing that our government and our country in general is getting more investments, better forecasts and good ratings. It means more investors would be encouraged to invest in our country. However, it bothers me that our current administration has focused too much on putting its now former Chief Justice Renato Corona on an exhausting and somewhat politically vindictive trial.

Our policy makers could have spent more time, effort and our nation's resources on much more pressing and rather important issues such as trying as much as we can not to be at risk of joining the money-laundering blacklist.

Or maybe passing necessary bills to improve our educational system or maybe focus on making it easier for local entrepreneurs to setup businesses which could eventually help in pumping more investments on our local market thus would result into creating more jobs. It's not that I feel the issue about Corona shouldn't have been resolved or be avoided, I just felt that there are many other pressing issues that could have been given more focus and attention to. 

Highlight of the Week: Philippines bags US$1b investment deals with Europe

Highlights of the Week: News, events and updates that are likely to affect your investments and trades in the Philippines stock market.

London (Philippine Daily Inquirer/ANN) - Philippine President Benigno Aquino III on Tuesday crowned the first full day of his visit to the United Kingdom by attending business meetings between Filipino and European companies, resulting in deals that would raise around US$1 billion in investments for the Philippines.

After four quarters of lackluster performance, the Philippine Economy is off to a rousing start in the year of the water dragon as GDP grew by 6.4 percent in the first quarter of 2012 compared to an upwardly revised growth of 4.9 percent last year.  The above expectations growth benefitted from a regime of benign inflation and drew from the revitalized Services sector, particularly from Trade and Other Services.  It also got a big boost from manufacturing which has recovered some grounds that got eroded during the third and fourth quarters last year.

An infographic released by Money Summit & Wealth Expo revealed some of the shocking facts about the saving and investing habits of Filipinos.

Key takeaways

- 2 out 8 Filipino households have a bank deposit
- 7 in 10 own their home while 1 in 6 own real property other than their home
- 1 in 5 households receives financial assistance abroad
- 43.8% spent more than their income
- 51.5% spent as much as their income
- 4.6% spent less than their income

SOCIAL Security System (SSS) may exceed the target it set for its investments on expectations that economic growth will remain robust, a top official said last week.

Edgar Solilapsi, SSS executive vice president for investments, told reporters in an interview that the state-run pension fund for the private sector exceeded expectations in the first quarter in terms of earnings of its equity and fixed-income placements.