ACCOUNT CURRENCY TYPES
We have two available account currency types available (PHP and USD Accounts).
Our dollar (USD) account enables you to access a wide range of dollar-denominated investments, including securities, mutual funds, UITFs, and Retail Dollar Bonds.
MARGIN ACCOUNT
How to apply for a Margin Account?
Apply for a Margin Account by submitting a soft copy of the signed required documents via e-mail to customerservice@firstmetrosec.com.ph.
To qualify, the applicant must meet the following requirements:
For NEW CUSTOMERS:
- Margin Account Application Form
- Margin Trading Account Agreement
- Client Suitability Assessment
- Margin Risk Disclosure Statement
- Latest Income Tax Return (with BIR or Bank Stamp) or 3 months original payslip or any other acceptable proof of income or net worth.
-
Letter of Authorization - CIBI
For EXISTING CUSTOMERS:
-
Updated CAIF and Margin Trading Agreements if more than 2 years old
Eligibility Requirements:
- Must be at least 21 years old but not more than 75 years old
- Minimum gross annual income of Php 1 Million
- Credit rating must be "Acceptable”
- With P200,000 cash and/or marginable securities
All documents should be physically signed |
Fees:
- Interest is 0.90% per month plus VAT
-
Accrued daily based on your outstanding loan balance at the end of each day.
- Interest rate is subject to change without prior notice.
- Review your monthly billing statements to stay aware of your interest charges
- Interest expense on a margin loan can materially reduce the rate of return on your investment.
NOTE