The following trading fees are charged only when the order posted has been matched. The fees will be based on the matched amount from the posted order.
EXAMPLE: for a BUY transaction of 1,000 shares at Php 35, total buying Fees and Charges would be Php 103.25.
For a SELL transaction of 1,000 shares at Php 40, total buying Fees and Charges would be Php 358. This is because of the Sales Tax at 0.60% of the matched value.
No. There is no monthly fee or handling charge for your MATRKES account.
However, these are some fees if you do the following:
a. Lodgment fee (Depositing a Stock Certificate) – A Lodging fee of Php330.00 per stock will be charged with an additional Php50 per certificate of the same stock after the first certificate.
b. Electronic Share Transfer Out (Broker to Broker) – Electronic transfer can take one or two days and would incur a cost of Php 200.00 from the issuing as well as the receiving broker.
c. Upliftment fee (Request a Certificate) – Certificate requests would incur an uplifting charge of Php370 per stock. A new certificate might take more than a month to be furnished.