DA Market Securities

Who can open an account?

Any one, aged 18 and up, local, including overseas Filipino workers, or foreign, or Corporation may open an account with iTRADE by DA Market Securities, Inc. Filipinos working abroad can also open an account

How can I open an account?

Personally submit duly-accomplished forms requirements: Customer Account Information Form (CAIF) for Individual (Traditional / Online), Corporate (Traditional / Corporate) at our office at Unit 6K, Fort Palm Spring, 30th street corner 1st Avenue, Fort Bonifacio, Global City, Taguig.

How will I know if my application was approved? How do I fund my account?

Once approved, you will receive an e-mail with instructions to fund your account by depositing to any of our bank accounts. Please send us an e-mail of your deposit confirmation to damarketsecurities@gmail.com or a fax at +632 887 5457.

Account Name: DA Market Securities, Inc.
BDO: 3600-13100-6
BPI: 3541-0031-33
Metrobank: 264-7-26481071-6
RCBC: 1216-0203-98

What is the minimum investment required to open an account? Is there a maintaining balance?

The minimum investment is PHP 100,000.00. You will just need to maintain this amount in cash or stocks. In the case that your iTrade account becomes inactive for three (3) consecutive months, management reserves the right to transfer your account to a traditional account with a minimum commission charge of PHP 200.00 per transaction.

How can I start investing?

Upon confirmation of funding, you will then receive an e-mail with your account details: Broker Log-in and Password.

What if I forget my Username and Password?

Contact us at +632 887 5457 or +632 887 6407 or +632 917 863 3119 to reset your Username or Password.

What if I want to update my account details?

Contact us at +632 887 5457 or +632 887 6407 or +632 917 863 3119 to reset your Username or Password.

What if I want to change my password?

Click on Account then Click on Change My Password

What are the trading hours?

Time	Market Phase
9:00 AM	Market Pre-Open	Orders get accepted but no matching of orders happen. *No cancellation from 9:16 – 9:30 AM
9:30 AM	Opening	Opening prices are calculated.
9:30 AM	Continuous Trading	Orders are queued when entered, and matched when counterpart can be found.
12:00 NN	Market Recess	No posting, modifying, and cancelling of orders.
1:30 PM	Continuous Trading	Orders are queued when entered, and matched when counterpart can be found.
3:17 PM	Market Pre-Close	Orders get accepted but no matching of orders happen.
3:20 PM	Closing	Closing prices are calculated. No cancellation of orders.
3:20 PM	Run-off or Trading At Last	Closing prices are calculated. No cancellation of orders.
3:30 PM	Market Close	End of the trading session

What are the rules in posting an order?

Only Limit Orders will be accepted by the system. A Limit Order is an order entered with a specified price and volume.

The price of an order should always be within the Trading Thresholds. The Ceiling price is determined as 50% above previous day’s trade while the Floor price is 50% below of previous day’s trade.

What are the validity types of an order?

Validity
Day Order (Day)	Orders that remain valid until the end of the Trading day
Good Till Cancelled (GTC)	Orders that will remain valid until cancelled by the User or until it reached the set expiration date of the instrument
Good Till Date (GTD)	Orders that remain valid until the date specified when the Order is entered
Next Day (Next Day)	Orders that are posted on the next Trading day and are valid until end of that Trading day

Do you impose a minimum volume per trade?

Trading on the Philippine Stock Exchange (PSE) is done by board lot or round lot system. So, the minimum number of shares you can buy or sell will depend on the market price of the stock at the time you place your order. Also, price fluctuations are not uniform, but are dependent on the price range where the stock is trading.

What is a Board Lot?

Any amount of shares wholly divisible by a minimum board lot is considered Board Lot.

Board Lot and Price Fluctuation Table

PRICE		TICK SIZE	LOT SIZE
From	To
0.0001	0.0099	0.0001	1,000,000
0.0100	0.0490	0.0010	100,000
0.0500	0.2490	0.0010	10,000
0.2500	0.4950	0.0050	10,000
0.5000	4.9900	0.0100	1,000
0.5000	4.9900	0.0100	1,000
5.0000	9.9900	0.0100	100
10.0000	19.9800	0.0200	100
20.0000	49.9500	0.0500	100
50.0000	99.9500	0.0500	10
100.0000	199.9000	0.1000	10
200.0000	499.8000	0.2000	10
500.0000	999.5000	0.5000	10
1,000.0000	1,999.0000	1.0000	5
2,000.0000	4,998.0000	2.0000	5
5,000.0000	UP	5.0000	5

What is an Odd Lot?

Any amount of shares not wholly divisible by a minimum board lot is considered an Odd Lot and are traded on the Odd Lot board. The following rules apply to Odd Lot Orders:

Combining Normal and Odd Lot orders is not allowed
Partial matching of odd lot orders will be allowed
Odd lot orders will no longer be subjected to minimum commission
Odd lot order posting will only be allowed during Continuous Trading Period.
Odd lot market will have its own closing price but will adopt the price of the Normal market during opening.

Is there a limit to the amount I can trade?

Yes, for Buying orders, you are limited to the amount available in your account balance. For Selling orders, you can only sell stocks that are in your portfolio inventory. This will be displayed and adjusted every time you post an order.

How much does it cost to buy and sell shares of stock?

Buy Transaction	Sell Transaction
Commission 0.25% on the gross value or a minimum commission of PHP 20.00	Commission 0.25% on the gross value or a minimum commission of PHP 20.00
Value Added Tax 12% is levied on the commission charge	Value Added Tax 12% is levied on the commission charge
PSE fee PHP 0.00012 for every PHP 1.00 gross value traded	PSE fee PHP 0.00012 for every PHP 1.00 gross value traded
SCCP fee PHP 0.00011 for every PHP 1.00 gross value traded	SCCP fee PHP 0.00011 for every PHP 1.00 gross value traded
	Sales Tax 0.50% on the gross value

Note: A PDTC Depositary Maintenance Fee of PHP 0.00000833 for every Peso market value of your holdings as of month end will also be debited from your account monthly.

Where do I view my order/s?

Orders can be viewed under Blotter then Portfolio. On this page, you will see all your posted orders and their status.

Can I revise or cancel an order?

Yes, orders can be revised or cancelled as long as they are not matched. If an order is partially filled, only the unfilled portion can be revised or cancelled. Editing an order can only be done during trading hours, i.e. 9:30 A.M. – 12:00 N.N. and 1:30 P.M. to 3:30 P.M. No orders can be revised or cancelled during the Pre-open, No Cancellation Period (9:15 A.M. – 9:29 A.M.) and Pre-close, No Cancellation Period (3:18 P.M. – 3:19 P.M.)

Can I sell my stocks on the same day that I bought them?

Yes, all stocks you have bought are reflected in your portfolio and are ready for sale anytime.

Can I sell a stock and use its proceeds to buy another stock during the same day?

Yes, the proceeds of your selling transaction are automatically reflected in your cash position. Thus, you may use this to buy another stock on the same day, provided that, your total cash position is sufficient to buy the stocks.

Can I still trade during off-hours?

Orders made during Market Recess (12:00 N.N. – 1:30 P.M.) will be sent to the PSE once the market resumes at 1:30 P.M. While orders made after Market Close will be sent to the PSE for posting during market Pre-open period of the next trading day.

Other types or orders include the Next Day Order which is posted at the open of the next Trading day. and the Park Private Order which allows you to save details of an order and post in the market at a later date

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