Tuesday, March 8, 2016

Stock Market Trading through BPI Trade Account

As of this writing I am almost complete to perform Stock Market trading using a BPI Trade Account. Below are the challenges that I have encountered:
  1. Reviewed the BPI Trade FAQ topic "How to Open an Account" (https://www.bpitrade.com/misc/faqs.asp#opening). I printed and filled up the application form, submitted it to my BPI Branch, i.e., the branch that issued my BPI Savings Deposit Account. Such Deposit account is prerequisite to apply for a BPI Trade account. I did not affix my signature to the form as I have to do it in the presence of a BPI Branch employee. Also, brought with me photocopies of my valid IDs. These IDs best bear my recent signature and picture.
  2. Waited for email confirmation that my BPI Trade account application is approved.
  3. Waited for email notification that my BPI Trade account is ready for activation, i.e., supply my own password.
  4. Updated my Profile.
  5. Enrolled my BPI Trade Settlement Account to my BPI ExpressOnline Account. Instructions are found at BPI Trade FAQ under the "The BPI Trade Settlement Account" topic (https://www.bpitrade.com/misc/faqs.asp#SETTLEMENT%20ACCOUNT) in the "How do I enroll my BPI Trade Settlement Account to BPI Express Online?" section.
Funding the BPI Trade Settlement Account is similar to online transfer of funds to your other BPI Bank Accounts _BUT_ as per instructions credit comes the next trading day. So there's much need for planning here.

Please shoot me with questions as I build my trading experience with BPI Trade so all of us could better understand the platform and how best all of us can benefit from it.