Investing in the Philippine stock market can be a powerful way to grow your wealth. BDO Nomura, now known as BDO Securities, offers an easily accessible platform for Filipinos to participate in the stock market.
Our article this time will provide a complete guide on how to open a BDO Nomura account, outline the process, and highlight its benefits.
Why Choose BDO Nomura (BDO Securities)?
BDO Nomura (BDO Securities) is the online brokerage arm of BDO Unibank, one of the Philippines’ leading financial institutions.
It caters to retail investors, offering a user-friendly platform for buying and selling stocks. Here are some key advantages of opening a BDO Nomura account:
- Convenience: Open and manage your account entirely online, eliminating the need for branch visits.
- Accessibility: No minimum investment amount is required to open an account, making it suitable for beginners.
- No minimum maintaining balance: There’s no pressure to maintain a specific balance in your account.
- Research and Resources: BDO Securities provides access to market news and research to help you make informed investment decisions.
How to Open a BDO Nomura Account
Steps to Open a BDO Nomura Account Online (Having a BDO Online Banking Account is Mandatory):
1. Visit the BDO Securities Website: Navigate to the BDO Securities website at https://www.bdo.com.ph/bdo-securities.
2. Enroll for Online Trading: On the website’s upper right corner, click on “Online Trading” and then “Enroll Now.”
3. Log In with BDO Online Banking Credentials: Use your existing BDO Online Banking User ID and password to log in.
4. One-Time Password (OTP) Verification: BDO will send a one-time password (OTP) via SMS to your registered mobile number. Enter the OTP in the designated field to proceed.
5. Review and Agreement: Carefully read the “Instruction and Consent” form presented on the screen. Tick the box confirming you’ve read and understood the information.
6. Terms and Conditions: Read the Terms and Conditions thoroughly before clicking “I Agree” to proceed.
7. Investor Profile and Suitability Assessment: Complete the Investor Profile and Suitability Assessment form honestly and accurately. This helps BDO Securities understand your risk tolerance and investment goals.
8. Review and Submit: Review the details you’ve entered in the forms for accuracy. Once satisfied, click “Next” and then “Submit” to finalize your application.
9. Confirmation and Account Details: Upon successful submission, you’ll be redirected to a confirmation page. You’ll also receive an email notification with your customer code and BDO Nomura settlement account number. Additionally, the Philippine Stock Exchange (PSE) may send a separate email confirmation.
10. Fund your BDO Securities Account: Before you can start trading in the stock market, you need to fund your BDO Sec account.
- Log in to your account
- On the dashboard, select “Fund Account”
- Choose your currency
- Provide your bank account number
- Set the amount you want to deposit into your trading account
- Click the DEPOSIT button
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Important Notes
- Ensure you have a valid and active BDO Online Banking account before attempting to open a BDO Nomura account.
- Keep your BDO Online Banking User ID, password, and any received OTPs confidential.
- Be truthful and accurate while completing the Investor Profile and Suitability Assessment.
- The processing time for your application may vary. However, you should receive confirmation within a few working days.
Additional Considerations After Opening Your BDO Nomura Account
- Funding Your Account: Once your account is active, you can initiate a fund transfer from your BDO bank account to your BDO Nomura settlement account to start investing.
- Understanding the Market: Before making any investment decisions, it’s crucial to educate yourself about the stock market. Research different companies, understand different investment strategies, and consider consulting a financial advisor for personalized guidance.
- Risk Management: Investing inherently involves risk. Implement a risk management strategy to mitigate potential losses and protect your capital.