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Best bank to trade US stocks online in Dumaguete?

Discussion in 'Banking - Investing - Finances' started by Carabao, Jan 16, 2017.

  1. Carabao

    Carabao DI Junior Member

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    Hi guys,

    just got back from BDO and they mentioned their Nomura plattform. But I'm not the biggest fan of BDO and was looking for alternative banks to trade US stocks online.

    Thanks for your help
    Carabao
     
  2. cabb

    cabb DI Forum Patron ✤Forum Sponsor✤

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    Why not Scottrade/E-trade/Fidelity/Schwab? In previous posts there is some advantage to using Schwab as they reimburse for all ATM withdrawals, so if you want easy access to cash, it provides both. I'm assuming a US citizen, if not, no idea if these company have an international presence.
     
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  3. Rye83

    Rye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Might be wise to keep your money outside of Philippine banks/financial institutions. Things seem to be on a downward spiral politically and the idea of martial law is being thrown out there by those holding the highest seats in government. Martial law could lead to financial institutions and governments freezing accounts/assets and money transfers out of country could be made nearly impossible. Not saying it is going to happen...just that it is a possibility.
     
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  4. OP
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    Carabao

    Carabao DI Junior Member

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    Thanks for your replies, guys.

    Not a US citizen.

    Totally agree with you in general. But my strategy is to spread my assets in several countries and in several accounts. Since I'm living here now I want to spread some here, too.

    I've signed up for BDO trading today, waiting for the application to be approved.
     
  5. Rye83

    Rye83 with pastrami Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    RCBC has stock trading with their online banking as well. I never messed with it so don't know how well it works, if at all. But I didn't have many issues with their online banking when I used it and the lines to a teller were usually quite short. (Short lines being the main reason I went with them. The other banks had retarded l lines to talk to a real person and to get cash from their ATMs. I refused to wait 2+ hours just to create an account with the other banks.)
     
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