BPI Trade Account Type

BPI Trade offers several types of accounts for investors looking to trade in the Philippine stock market. The primary account types are:

• Individual Account: Designed for individual investors, allowing them to trade stocks on their own behalf.
• Joint Account: Allows up to four individuals to jointly manage their investments, making it ideal for families or groups of friends.
• Corporate Account: Intended for institutional investors or corporations looking to invest in the stock market.

All accounts require the account holder to have an existing BPI deposit account.

BPI Trade Broker Account Opening Process

Opening an account with BPI Trade involves a straightforward process that can be completed in several steps:

• Eligibility: Ensure you are an existing BPI or BPI Family Bank account holder. If not, you need to open a savings account first.
• Application: Visit the BPI Trade website and fill out the online application form. Print the completed form.
• Documentation: Go to a BPI or BPI Family Bank branch with the following:
• Printed application form.
• Two (2) valid IDs (e.g., driver's license, passport).
• Photocopies of the IDs.
• Signature Verification: At the branch, you will complete additional forms and have your signatures verified by a branch officer.
• Confirmation: Wait for a confirmation email regarding the activation of your BPI Trade account, which typically takes 1-2 weeks.
• Funding the Account: Once activated, you can fund your account through various methods, including branch deposits, BPI Express Online, or telegraphic transfers.

Note: There is no minimum deposit needed to open a BPI Trade account, but you must maintain a monthly average daily balance of PHP 500 to avoid a service fee.