10 Best Online Investment Sites in the Philippines 2023 - The Thrifty Pinay

10 Best Online Investment Sites in the Philippines 2023

If you’ve been browsing most of the blog posts here in The Thrifty Pinay, you would have noticed that links have been peppered everywhere – links about posts on what and where to INVEST, step-by-step guides on how to invest, and more similar posts. That’s because I really believe in the power of compounding interest through investing. If you keep your life savings in your bank account or under a mattress instead of investing, the money doesn’t work for you and you’ll never have more than what you save.

Whether your goal is to send your kids to college or to retire somewhere near the ocean, investing is essential in reaching your financial objectives in life. Whether you’re an OFW or not, looking for a more robust way to increase your assets, here’s my post about 10 online investment sites in the Philippines I have culled that promise potentially better returns with your money.

But first, let’s learn about the Pros & Cons of Investing Online.

Is Investing Online in the Philippines worth your while?

Here are the reasons why I recommend doing investing online:

a. You do not need a lot of elbow grease just to get things done

 Allow me to double down on this reason to show you how hassle-free this option is. You see, many of us do not have the luxury of time to visit the branch/office to open an investment account and fill out long forms. I myself despise falling in long lines or in queues, waiting for my number to be called – which sometimes feels like forever and a day. I’d rather relinquish the time spent visiting the branch and use it towards something more worthwhile. Let’s say a side hustle, a hobby or spending it with loved ones.

I love the idea of “no physical appearance needed” in the branch just to deal with my transactions – be it account opening, paying bills, depositing or withdrawing an account, and the like. Why? Because all these redundant miscellaneous tasks can be done online.

b. Reduction of transportation expense

Even if you are taking the fanciest set of wheels just to transact things at the branch, you are still consuming gas. Same goes for using public transportation.

“Oh bother, no big deal. It’s just a quick trip to their office.”

The question is, how often do these quick trips happen? These frequent small consumptions of gas or frequent commute fares can build up over time and cause a dent in your budget before you know it. Remember, a small leak can sink a great ship. With things being done online you can save up on gas, commute fares and I’ll say it again: TIME.

c. You have more control and flexibility

Time is of the essence when you trade stocks, so the speed of using online trading platforms is beneficial to many investors. With online trading, you can execute a trade almost immediately compared with brick-and-mortar brokers which might require appointments, communication over the phone, or in person, just to initiate a trade.

d. You can monitor investments in real-time

Many online sites offer real-time information that make it easy for people to see how their investments are doing. No need to wait for business hours just to ask the staff about the value of your investments.

Cons of Investing online

a. Easier to invest too much and too fast

Because online investing is just right at your fingertips— you basically just click a few buttons — there is the risk of making poor investment choices or overinvesting.

b. Falling for FOMO (Fear Of Missing Out)

Have you ever felt that social anxiety when you noticed everyone is doing superb in a particular aspect and yet you feel the need to do the same immediately but without sufficient knowledge and research of how it’s done?

Remember that era (or rather, a year) when MLM was such a hype? Long lost forgotten friends began to sprout out of nowhere with that famous line “tara, kape tayo!”, inviting you to catch up with a cup of coffee. But instead, you were invited to join their so-called “business” and were promised that you’d emerge successfully in a few years’ time with a good amount of cash and a car? Yep, I fell for that crap!

I’ve written more about it here. Since everyone was doing it, I wanted to hop on the bandwagon too. There! A very good example of falling for the “FEAR OF MISSING OUT”.

 c. Being too internet-independent

What if you were executing a “do or die” transaction online and suddenly the internet connection totally bailed on you? Your connection may have slowed down or worse, disappeared. Yikes! Better luck next time once your internet connection resumes… that’s if there is still a next time.

10 Best Online Investment Sites in the Philippines 2023

We are living in a tech-savvy generation. From low minimum investment amounts to virtual trading, these platforms are introducing innovative ways to get the risk-averse people to see the importance in investing their hard-earned money. So, here are our top online investment sites in the Philippines this 2023:

1. COL Financial

Probably the most popular local stock online trading platform is COL Financial. Every time I read forums about stock trading, a handful of readers always share that they opt for COL. They also conduct free trainings and webinars, not just for account openings but also on the factors of what to consider before buying a certain stock.

Classification: Stocks

Minimum Investment: Php1,000 for their Starter Account

Stocks are the most popular type of paper assets yet only a small percentage are educated about stocks. If you’re interested in knowing more, head on to our guide on how to invest in the Stock Market in the Philippines.

10 Best Online Investment Sites in the Philippines 2023

 

2. Coins Pro

A platform where buyers and sellers can connect and exchange digital currencies at prices determined by the market. As people experience a global fascination with cryptocurrencies, it is only bound to get bigger with Bitcoin being the most popular form of cryptocurrency in the Philippines.

Classification: Cryptocurrencies

Minimum Investment: Php10 Minimum Order Amount

10 Best Online Investment Sites in the Philippines 2023

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3. Seedbox PH

Seedbox PH offers mutual fund packages based on an investor’s risk appetite which covers a spectrum between conservative and aggressive. In addition, they also have a nice built-in goal planner on their site for those who have specific goals with their investments. What’s awesome is that it helps you to visualize how you can grow your capital in a specific amount of time.

Classification: Mutual Funds

Minimum Investment: Php1,000

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4. GCASH Invest Money

 Gcash Invest Money is the investment marketplace feature of the GCash App. With Gcash Invest Money, you can begin building towards your financial goals with just Php50.00 which is relatively low compared to traditional investment platforms that request at least Php1,000 as the minimum capital.

With as low as Php 50.00, you can get to experience how investing works without risking a significant portion of your hard-earned money. There is no need for a physical appearance in banks. You only need to register for a GCash account and fill up a few documents through the mobile application. Smart and Sun Subscribers can also register their numbers in Gcash, so it’s cool that this app is not only limited to Globe Subscribers.

As of this writing, GInvest offers the following funds by ATRAM:

  • Peso Money Market fund
  • Global Consumer Trends Feeder Fund
  • Total Return Peso Bond Fund
  • Philippine Equity Smart Index Fund
  • Global Technology feeder fund

Already hyped up in investing? You may register with Gcash through this link HERE.


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10 Best Online Investment Sites in the Philippines 2023

By Ameena Rey-Franc

Recognized as one of the Top Finance Blogs in the PH. Ameena Rey-Franc (founder of TTP) is a former Banker and BS Accountancy graduate turned Blogger, Keynote Speaker, and entrepreneur. Currently an RFP delegate, she is also the Author of a book about Financial Resilience and has held seminars for reputable companies like GrabFoodPH, Pru Life UK, VISA, JPMorgan Chase& Co., Paypal, Fundline, Moneymax, and many more. The Thrifty Pinay's mission is to empower women to LEARN, EARN, and be FINANCIALLY-INDEPENDENT no matter what life stage they are in.