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How to Open an Account with COL Financial, The Philippines’ Leading Online Stockbroker

by Elvin

Hi, friend!

Welcome to Journey To Millions.

COL Financial

Do you have plans of growing your money by investing in the Philippine stock market any time soon? Or are you already a stock market investor who happens to have loads of friends who keep asking you about how to open an account with an online stock brokerage company? (Did I just describe myself BEFORE and AFTER I opened my very first stocks investment account? LOL.)

Today, in this post, I am very happy to share with you how easy and economical it is to open an account in the Philippines’ top online stock brokerage company: COL Financial Group Inc.

Disclaimer: Journey To Millions is not affiliated with COL Financial. We only share with you what we have experienced first hand. 🙂

What is COL Financial Group Inc.?

Please allow me to quote from COL Financial’s 2012 annual report:

CitisecOnline (COL) is the leading online stockbroker in the Philippines today. With over 15,000 customers and over Php12 Billion in assets, it has built itself as a formidable institution and a force to reckon with in the stockbrokerage industry.

Since 2008, it has ranked the Number 1 Broker in the Philippine Stock Exchange in terms of the total number of transactions. In 2010, it registered over 17% market share, besting over 130 local and foreign brokers.

(Edel and I will be forever thankful to Bro. Bo Sanchez for having introduced us to COL Financial. Sniff. Sniff. We didn’t know anything about stock market investing until we learned it from him. Such a good man!)

First thing’s first.

Are you sure you are ready to take the risk of investing in the stock market? By now, you should know that investing in the stock market may expose you to one of the highest levels of risks out there! As our dear friend, Rachelle Paunlagui-Ambata, has once taught us, “high risk = high return!” Make sure you always remember that.

Now, it’s time for you to learn how to open an account with COL Financial!

You just need to do the following:

1. Go to COLFinancial.com and click Open an Account.

2. Download and fill out application forms.

You need the following forms:

a. Customer Account Information Form (CAIF)
b. Online Securities Trading Agreement
c. Specimen Signature Cards – you need two copies

In filling up these application forms, make sure that you write legibly.

3. Prepare additional requirements.

a. Filipino Citizen

i. Photocopy of one valid government issued ID. Accepted ID are the following: Passport, Philippines Driver’s License, SSS ID (1999 credit card type only), GSIS ecard plus, Professional Regulation Commission (PRC) ID, Comelec Voter’s ID
ii. Billing Statement – recent, no later than 3 months past.

b. Resident Foreign Citizen

i. Photocopy of one valid government issued ID.
ii. Alien Certificate of Registration (ACR) or Work Permit from DOLE
iii. Billing Statement – recent, no later than 3 months past

c. Non-Resident Foreign Citizen

i. Authentication of a photocopy of one valid passport.
ii. Proof of Income
iii. Billing Statement – recent, no later than 3 months past

d. In-Trust-For (ITF) Accounts

i. Photocopy of one valid government issued ID of the parent
ii. Birth Certificate of the minor applicant
iii. Duly-signed ITF Supplementary Agreement
iv. Billing Statement – recent, no later than 3 months past

4. Submit forms and requirements to COL Financial.

Here’s their address:

2403-B East Tower,
Philippine Stock Exchange Centre
Exchange Road, Ortigas Center
Pasig City, Philippines 1605

In case you have much free time, I would recommend that you visit their office and hand your documents personally. This gives you the chance to raise any of your concerns on the spot. However, if you are nowhere near Manila, you can send all the documents via courier (LBC, DHL or other courier services that you trust will do). We’ve tried it twice and it worked perfectly fine.

You can call them up (632) 6-515-888 or (632) 6-333-777 to ensure that they receive your requirements. You can also send an email to .

COL Financial will process your application form and after one to two working days, they’ll email your account number. It is an eight digit number with a hyphen after the fourth number (e.g. 1234-5678). Make sure that you always check your inbox for an email from COL Financial. Be sure to check your spam folders too.

5. Fund your COL Financial account.

There are different ways on how you can fund your account. The easiest and the most convenient way is to pay online through BPI, BDO or Metrobank. In case you don’t have any online banking accounts, you can pay through BDO, BPI or Metrobank via over-the-counter payment. BDO banks are open even on weekends in SM branches nationwide. Whichever you choose, make sure to email/scan the deposit slip and send it to COL Financial as soon as possible.

Personally, I recommend that you setup your own online banking account. This way, you can transfer funds from your bank account to your COL Financial account easily. Since you’ll be investing multiple times, you wouldn’t want to visit the bank and wait long hours on their queue every time you put money in your COL Financial account, right? That would be a big waste of your precious time.

On the other hand, the harder way to fund your account is to go and visit the COL Financial Business Center. Not unless you live or work pretty close to their business center, transacting with the bank would be a better choice.

Reminder: All check payments must be payable to COL FINANCIAL GROUP, INC. Kindly include your Name and COL Financial Account Number (eight digit number) at the back.

Once COL Financial process your payment, you’ll receive a computer generated message from COL Financial giving you your username and initial password. Change your password by logging in your account then click HOME tab then Change Profile. Look for the password record and click EDIT.

After all these steps, you are now ready to buy your first few stocks!

Now, let’s talk about you.

Have you tried opening an account with COL Financial before? Do you think the documents required are reasonable? If there’s anything that would hinder you from investing in the stock market through COL Financial, what would that be?

Share us your thoughts by writing them at the comment section below.

As always, if you know someone who would benefit from this post, please take a second and send them a link to this article. Help us help others become aware how easy it is to start their Journey To Millions.

Good luck!

Enjoying our Journey To Millions,



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{ 313 comments… read them below or add one }

ruperto nambio July 11, 2013 at 11:07 pm

Hi, Thanks for recommending COL Financial. I had subscribed already three months ago and I lose some few pesos after buying and continue losing because the downtrend is still on the go. Meanwhile, I have read your testimony regarding emergency fund “How It Saves…Life…” To me this is not a problem I have learned the matter 13 years ago and until now my wife and I are still practicing it. I know a lot of OFW in this scenario of not having emergency fund. It seems it will take more years to pass before millions of OFW will learn how to set aside an EF for themselves. I am glad to know you did learn and practice it. Happy financial management then. All the best.


Elvin Peria July 15, 2013 at 10:14 pm

Hi, Ruperto!

I am glad to know that you and your wife have long learned the importance of having an emergency fund. It sure feels good to have a fully funded emergency fund as yours. Our fellow Kababayans should learn from you on that respect. 🙂

Regarding your investments in the stock market, I am sorry to learn about your paper loss. I hope you are employing some strategies to counter the loss and I also hope that you continue to learn more about stock market investing to also avoid more losses in the future. The more we know, the better our decisions will be. 🙂

The stock market is one of the best places to grow our money today, but only if we do it the right way. Edel and I are not yet experts in this respect, but we are taking baby steps to improve our understanding of it everyday. Let’s keep learning! 🙂


Janrey August 29, 2013 at 10:04 am

Thank you for this post! I am thinking about investing in stock market recently. I heard COL financial from Bro. Bo Sanchez as well in one of his talks and it gets my interest.

I also remember Bro. Bo said that the money you’ll invest in stock market is a parked money. Meaning you will not pull it out once you have invested it in.

I want to learn more about stock market. Continue posting… God bless!


Elvin Peria August 29, 2013 at 12:37 pm

Hi Janrey,

Thank you for dropping by.

Just like you, we learned investing through Bro. Bo Sanchez. We owe it to him.

By the way, just a tip. Before investing in the stock market, be sure to have a well defined goal – a reason why you’re investing. This will keep you motivated especially during rough times.

Happy investing! 🙂


Janrey August 29, 2013 at 2:44 pm

Thanks for the advice sir! Yes I will set clearly defined goals before investing…


Elvin Peria August 31, 2013 at 8:45 am

No problem. 🙂 Good luck on your investments. 🙂


mae September 15, 2013 at 12:11 am

I would like to open an account with col financial especially because I also would like to be a part of the TRC. Problem is I dont have a billing statement. I understand that the billing statement could be under parents’ name as long as the surname is the same which is no longer applicable to me. I’ll probably have to call their hotline about how I can go about this. I wish I could drop by their office to personally inquire but thats also impossible at this time. If you know of a way, can you pls share it to me? Thanks.


Elvin Peria September 17, 2013 at 5:48 am

Hi Mae,

First of all, thank you for dropping by.

In case you don’t have billing statement, I’ve learned that you can submit a bank statement instead.

For more information, you can call their hotline at (632) 6-515-888 or (632) 6-333-777 or email them at .


Lar September 23, 2013 at 3:51 pm

Hi, Thanks for the post. I would like to ask, how to subscribe if you are an OFW. what are the requirements? Actually I can go vacation one time a year only but on limited time.


Elvin Peria September 23, 2013 at 8:30 pm

Hi Lar,

Thank you for dropping by.

Just fill up the form found in COLFinancial website then ask a relative to submit all the requirements on your behalf. Once all the forms are already submitted, wait for COLFinancial’s email confirmation. After that, you can fund your account via BDO overseas remittance. You can download the instructions here: https://www.colfinancial.com/ape/Final2/home/pdfs/fund-overseas-bdo.pdf

Or you can drop by at their office with all the requirements to have a COLFinancial account. 🙂


Lar October 18, 2013 at 10:59 am

Hi Sir,

Thank you for good advice, I have one question.
Currently my family is renting an apartment only in the Philippines, and one of the requirement of COL Finance is billing address can I use my current address and the name indicated is not my name, how to provide or is there any other way. Thanks.


Elvin Peria October 18, 2013 at 5:05 pm

Hi Lar,

If you worry about not having billing address, you may use your current address to apply for a COL account. In case you change your address, you may update that information by logging-in in your account in COL. However, after editing the address in your account, you need to fax an official request form (or send via courier) before COL can update your new address in their database.

Once you have an account, send me an email I’ll teach you on how you can do this. 🙂

If you’re worried about not having any proof of billing addressed to you, COLFinancial accepts bank statement.

I hope this answer your question. 🙂


Gilbert December 17, 2013 at 3:49 pm

Just a concern. Still im a little bit confuse. What if i need the money that i already earned, how can i get it?


Elvin Peria December 17, 2013 at 6:00 pm

Hi Gilbert,

Here’s an excerpt from the FAQ of COLFinancial on how you can withdraw your funds.

Withdrawals from your COLFinancial account may be made by filling up the Fund Withdrawal form found in the COLFinancial website under the HOME > FORMS menu functions. Completely fill up the details necessary in the form and the send a copy by fax at (632) 634-6958 or email to addressed to our Accounting Department. If you would be picking up the check in our business center, we would need the original filled out form to be surrendered.

What you can withdraw right away are your actual balance (not invested funds).

As for the proceeds of a stock sale:

An individual can withdraw the proceeds of a stock transaction sale in three days (T+3) after a stock is sold subject to the procedures on the withdrawal of funds. An unused cash balance longer than three days dormant can be withdrawn anytime thereafter, allowing for one day notice with a cut-off time of 11am to prepare the check payment for that day.

I hope this answer your question


frnk May 13, 2015 at 10:07 pm

Is there any procedure that the proceed from stock sale be electronically transfer on my bank account?


Elvin May 14, 2015 at 1:09 pm

Hi, frnk!

You’ll have to submit COL withdrawal form before they can process the stock sale proceed to your bank account.


Donna October 4, 2015 at 1:55 pm

Can i use postal id as proof of my residency


Eden January 7, 2014 at 12:56 am

thanks a lot Sir,little by little I’m learning about PSE investing. I am interested in this for my son,studying BSC econ. I’m just a little confused…in funding the account:are we obliged to fund it regularly?or just when we desire to buy stocks?Another thing is, How about if let’s say, I’ve bought/invested on stocks for P1,000 and it’s losing until the whole amount is consumed, do I have to pay additional charges?and penalties?or just have my investment closed?(I’m thinking about bank deposits falling below minimum daily balance,and the account just being leading to closure).


Elvin Peria January 7, 2014 at 9:41 am

Hi Ms Eden,

In funding the account, you can do it whenever you wish but it would be best to fund it regularly especially if you’re doing cost averaging.

As for your second question, as far as I know there’s no additional charges and penalties in COL whenever your account falls below the initial deposit or even zero for that matter. This was verified with a COLfinancial representative.


Nessa January 14, 2014 at 2:07 pm

Hello Elvin,
Just want to ask, what if I already have an account with COL Financial and I’m planning to have a separate one still under my name. Is this possible?
Thanks in advance for your reply!
God bless!


Elvin Peria January 14, 2014 at 5:18 pm

Hi Ms Nessa,

According to a COL representative, you can open another trading account under your name, which is subject to management’s approval. You need to submit a new set of forms and requirements for each account application even if you already have an existing account.


Nessa January 15, 2014 at 10:02 am

Thanks Elvin!
More power to you! 🙂


Ian January 31, 2014 at 8:34 am

Hi im planning to open an account with COL pero i have to ask, un bang 5k na opening magiging initial amount sa COL account or is it payment sa opening ng account mo which means zero balance magstart yung account?


Elvin Peria January 31, 2014 at 9:19 am

Hi Ian,

Yung 5k ay magiging initial fund mo sa iyong COL account. You can buy shares using that.


Ian February 2, 2014 at 7:01 pm

Thank you!


ciara March 15, 2014 at 6:47 pm

Hi sir,

im planning on signing an account on COL financial. im a novice in investing, i only rely on the internet and blogs for additional knowledge. im not sure also if i can afford to join TRC. will these learning ways be sufficient to start investing? will the COL financial guide us which stocks to buy and when to sell?

btw. your blog is very helpful.thanks.


Elvin Peria March 15, 2014 at 8:52 pm

Hi Ciara,

First of all thank you for appreciating Journey To Millions.

Being a member in TRC, reading COL financial guide and other blogs/websites can surely help you understand how to invest in the stock market. These sources can provide you with information which stocks to buy or sell.

However, it will be best if you understand why they are recommending it. This way you can have a logical approach on what to do on your investment hindi yung blind follower ka lang. Always remember that it is your money not theirs.


mark March 21, 2014 at 3:41 am

doon po sa 5k para sa opening ng account pwede bang 2k muna at dadagdagan ko nalang afterwards?


Elvin Peria March 21, 2014 at 5:54 am

Hi Mark,

Hindi eh. Requirement kasi nila yun. I suggest na ipunin mo na lang muna until maka-5k ka. Then, saka ka mag-open ng account. After naman nun, pwede ka na maglagay ng kahit magkano (although, if I am not mistaken may additional fee if below Php500).


mark March 22, 2014 at 2:07 am

my discussions ka rin po ba about mutual funds?…san po ba mas maganda sa dalawa?mas safe po ba dun sa mutual funds?tnx for your response


Elvin Peria March 22, 2014 at 8:05 am

Hi Mark,

Ang mutual fund ay isa sa mga articles na isusulat pa lang namin. So, sa ngayon wala pang discussion dito sa Journey To Millions about mutual funds.

Sa tanong mo na kung saan mas maganda sa dalawa, ang sagot ko dyan ay depende. Depende sa mga financial goals, sa time horizon mo, at sa iba pang bagay. Parehong kaya ng pag-iinvest sa mutual fund or sa stock market na palaguin ang pera mo. Think it this way. Pag clear sa yo kung saan ka pupunta, pwede kang magdrive ng sarili mong sasakyan papunta doon. Pwede ka din magcommute. Ang pag-iinvest sa stock market ay parang pagda-drive ng sarili mong sasakyan. Ang pag-iinvest sa mutual fund ay parang pagcocommute. Parehong maganda kasi magagawa mo ang objective (or goal) mo, ang makapunta sa gusto mong puntahan. Depende na lang sa yo kung papaano mo gustong pumunta doon.

Sa tanong mo naman na kung safe na mag-invest sa mutual fund, ang masasabi ko lang ay in a way yes. May government agency (securities and exchange commission) naman na nagbabantay sa mutual fund companies. Nasabi ko na in a way, dahil madaming mutual fund companies na nag-ooffer ng iba’t-ibang products. Binabagay kasi nila yun sa risk profile ng tao. So, kung gusto mo ng safe or conservative ka, usually mababa ang kita nun kumpara sa high risk investments. From conservative to high risk, merong mutual fund nun. Tandaan, mas mataas na risk, mas mataas na return. Mas mababang risk, mas mababa na return.

I hope nasagot ko ang mga tanong mo. 🙂


Loradel Mandita March 23, 2014 at 10:53 am

Hi sir, your article is very helpful, im planning now to open an account at COL, im still confused and no idea in stock market, but i really wanted to learn about it.. at my young age now i am interested to know all about this.. my question is after i opened an account at COL, how will i know when to buy and sell my stocks? i hope someone can help me or advise . thank you very much 🙂


Elvin Peria March 23, 2014 at 12:46 pm

Hi Loradel,

First of all, thank you for dropping by in Journey To Millions.

Buying and selling depends on what your goals are. It depends why are you investing in the stock market in the first place.

There are online sites or groups, even COL gives their recommendation, that can help you on your decisions to buy/sell but be careful though because their suggestions might not be aligned with your goals.

So, I suggest before investing identify your goals first. Then, study which options can help you reach your goals.


Loradel Mandita March 23, 2014 at 9:54 pm

thank you sir..


mark March 24, 2014 at 1:45 am

hello po ok lang po ba kung mag oopen ako ng COL ngayon and saka lang ako magdedeposit dun after 5 months let say..hindi ba masususpend yong account pag ganoon po?


Elvin Peria March 24, 2014 at 6:03 am

Hi Mark. Yes. Okay lang yun. Hindi naman masususpend ang account mo.


Michael April 2, 2014 at 11:26 am


Nice blog. I just want to know, since there is a 5k opening amount with different benefits with the 25k initial investment, is it possible to upgrade a COL account? like I opened a COL account with 5k investment then lets say by 2months I would put in 20k. Does that mean my COL account will automatically be upgraded? or will there be an option to do so. If there are then what are they. Different benefits kasi ung 5k tsaka 25k in terms of price updates


Elvin Peria April 2, 2014 at 11:53 am

Hi Michael,

Once your portfolio reaches 25k, it will be automatically upgraded. No email or option selection needed. I also opened an account with 5k investment and it was updated automatically when I reached 25k.


Michael April 2, 2014 at 12:28 pm

another question. ung hotline nila is that toll free? andito kasi ako sa cebu. tska sa i.ds na they need, un lang ba ang inaaccpet? sss, passport, gsis..pwd ba ung tin id?


Elvin Peria April 2, 2014 at 2:36 pm

Hi Michael,

I think it is not a toll free number but you can email them at . They usually respond quickly.

As for the IDs, their requirement is government issued ID but I am really not sure if they accept TIN ID because it is just a piece of paper with your picture in it, right? You can submit driver’s license, if you have one.


mike April 3, 2014 at 8:29 am

Okay. Thanks po


shela April 2, 2014 at 1:25 pm

hi sir, i have a question.. what if i invest 25k tpos di po ako nakabili ng stocks remain pa rin po ba sya w/ interest monthly like bank. or do i need to buy stocks pra magka interest. thanks!


Elvin Peria April 2, 2014 at 2:28 pm

Hi Shela,

It will not earn if you don’t buy stocks. Stock market earnings are from capital appreciation and dividends.

Capital appreciation means buying stock at price and selling it at a higher price. The difference is your earnings (or in a way interest). Although it is not guaranteed like banks.


shela April 2, 2014 at 3:28 pm

thank you so much…


chris April 12, 2014 at 8:59 pm

Hi! Just want to ask regarding the requirements .My problem is I don’t have any billing statement whats the other alternative for that? Thanks


Elvin Peria April 12, 2014 at 9:36 pm

Hi Chris,

Bank statement will do.


chris April 13, 2014 at 12:10 pm

thanks 🙂


Renald April 14, 2014 at 7:00 am

Hi Edel, would like to ask about investing in stock market. If I invest in stock market and use this COL EIP or etc to buy stocks, what is the minimum amount to deposit like for ex. monthly basis for buying stocks? pls advise.


Elvin Peria April 14, 2014 at 11:14 am

Hi Renald,

The minimum amount to deposit monthly really depends on you. However, the number of stocks that you can buy depends on the company/stocks you’re buying. Meron kasing tinatawag na board lot (or the minimum multiple of shares investors are allowed to buy). Converting these board lots to Pesos can range between 500 to 15K.

In case you don’t have enough money this month, it’ll rollover on the next cycle (for automatic EIP). You may refer to COL EIP guide for more details (esp page 5 – 6). https://www.colfinancial.com/ape/Final2/EIP_Plus2/Links/pdfs/EIP%20Guide.pdf

I hope nasagot ko ang tanong mo.


Renald April 14, 2014 at 11:55 am

Hi Elvin,

Thank you for your prompt response.
Regarding dun sa tinatawag na board lot. gusto ko lang po eclarify, pwede tayo makabili ng stocks ex. monthly basis with a minimum amount of 500 pesos to a maximum of15k. but depends on company policy. Tama po ba pagkaintinde ko?

Many Thanks


Elvin Peria April 14, 2014 at 12:47 pm

Hi Renald,

Board lot depends on the price nung particular company sa stock market. You may refer to this table from the Philippines Stock Exchange (PSE) website.


Check the first, second and fourth columns of the table. Ibig sabihin nun, pag ang presyo ng stock ay between P0.5 to P4.99 (line 5), ang minimum number of shares na pwede mong bilhin ay 1,000 (as indicated in the 4th column). Nagbabago ang number na to pag tumaas/bumaba ang presyo ng particular company sa stock market.


Renald April 14, 2014 at 1:46 pm

Hi Elvin,

Thank much for the advise. Now I have little idea about this Board Lot Table for buying stocks. ^_^

very helpful. Thanks again.


Renald April 16, 2014 at 8:27 am

Hi Elvin,

I would like to ask again. if someone is to open an EIP acct in COL and you need at least 5k to get you started, is it required you do it monthly, can’t you do it like quarterly or semi annual if you could not afford to have 5k every month?

Please enlighten me. Thank you


Elvin Peria April 16, 2014 at 10:53 am

Hi Renald,

It is not required. In case you were not able to make a deposit for a certain month, it will just skip the purchase of EIP stocks. As for the monthly deposits, it depends on you. 5K is only applicable to open an account but for the succeeding deposits it can be 1000, 2000, etc.


Renald April 17, 2014 at 10:20 am

Thank much Elvin for the advise.


chris April 23, 2014 at 10:13 pm

Hi! I have a question. Can I just submit a print of those application form? Or do I need to contact them and have them sent the real forms for me to fill out?Im from mindanao by the way.pls help.thanks


Elvin Peria April 24, 2014 at 6:39 am

Hi Chris, yeah. You can either fill out the form online then print it or print it then fill it out. No need to contact COL for a copy of the application forms.


chris April 24, 2014 at 12:03 pm

You’ve been very helpful…Thank you soo much Elvin 🙂


Lara May 7, 2014 at 3:34 pm

Hi Elvin,
I heard about COL FINANCIAL from Bro Bo Sanchez. One of my friend already have an account and invested in stock market through COL. I would like to express my interest of opening my own account, too. Thanks to your post for providing a walk through process. However, I believe that I have to understand everything first. Elvin can you help me? If you can send me your personal email for some question. Thank you. God bless. 🙂


Elvin Peria May 8, 2014 at 7:08 am

Hi Lara,

I sent you an email. I hope you got it. 🙂


lalala May 10, 2014 at 8:19 pm

ask ko lng po kung paano ka po kumikita sa stock market..? and saan po pumupunta ung earnings mo..sa bank po ba..?

lastly po pde po ba magbigay po kau ng mga strategies kung paano maiwasan ung mga loss sa pag-invest sa stock market..may nabasa po kc ako na pag daw ung stocks mo na-reach na ung target price (at ndi ko rin alam paano o saan makikita un) or like “price of stock=target price” ibenta mo na daw ung stocks mo..? ano po masasabi nio..?

sorry po kung maraming tanung 17 y/o plang po kc turning 18 sa august at interesado po ako dto..salamat po..hope mag-reply po kau 🙂

GODbless 🙂


Elvin Peria May 10, 2014 at 11:25 pm

Hi Lalala,

Kikita ka sa stock market kapag bumili ka ng stocks sa mababang presyo at kapag binenta mo ng mas mataas na presyo (buy low – sell high). Pwede ding kumita sa stock market kapag nagbigay ng dividends ang company na binili mo.

Madaming strategies sa pag-iinvest sa stock market pero ang bottom line nun ay yung nasabi ko kanina (buying low and selling high). As for the target price, they are usually posted sa website ng stock market broker. COLFinancial have this. Kaso, mas maganda kung naiintindihan mo din kung bakit yun ang nacompute nilang target price.

Mas maiintindihan mo ito kung aattend ka ng mga seminars na nagdidiscuss kung paano mag-invest sa stock market. Ang COLFinancial ay nag-ooffer nito sa kanilang office. You may visit their website for the schedule.

Tandaan, mag-aral muna bago mag-invest.


lalala May 11, 2014 at 2:02 pm

Thanks po..yep I know po mag-aaral po muna ako..tnx po sa pag-answer 🙂 and I think po na sumali sa TRC ..marami po kc nagsasabi na mainam daw sumali dun..kc may nag-gaguide sau sa pag-invest and at the same time may spiritual message daw po 🙂

God Bless po 🙂


Elvin Peria May 11, 2014 at 2:24 pm

Yup. TRC is a good start. Be sure to also know why and how they are recommending it. 🙂


lalala May 13, 2014 at 11:54 am

Ask ko lang din po pla..if ung seminar ba na ino-offer ng COL is totally free..? Bka po kc pagpunta ko dun eh biglang may babayaran..?


Elvin Peria May 13, 2014 at 12:00 pm

Hi Lalala,

As far as I know, the training they offered are free. You may want to call their hotline or you may register through this link: http://www.colfinancial.com/ape/Final2/home/investor_education.asp


Michelle Lising May 12, 2014 at 9:19 am

Good day!

Napadala ko na po sa COL yung documents ko via LBC. Delivered and nasa representative na noong May 10 pa. Nilagay ko po palang address 2401 hindi 2403. Ayos lang po siguro yun? Tsaka po pala yung ID na pinass ko ay NBI clearance na wala po sa mga nabanggit nyo.


Elvin Peria May 12, 2014 at 12:11 pm

Hi Michelle,

I raised your concern to a COL representative. Wala daw pong kaso yung sa address. Yun pong 2401 (instead of 2403) is also COL’s corporate office. As for the NBI Clearance, it would not suffice. You need to submit a copy of Company ID and birth certificate in case you don’t have government issued ID. You may email or . She’ll be very happy to assist you. 🙂


Michelle Lising May 12, 2014 at 12:37 pm

Thanks! Nag email na po ako 🙂


Michelle Lising May 16, 2014 at 10:45 am

Hi! Bago palang po ako sa pag iinvest. Nakabili na ako ng stocks. Tatanong ko lang po yung sa gain/loss at equity value. For example day 1, equity ko 500 at yung day change ko is -100. Pag close ng market, equity ko na 400. Next day may day change na naman ako ng -50. Edi equity ko 350. Pinagcocompare po ba dun ay yung cost kung magkano nabili at market value? Pano po kung may loss ako everyday, pwede po bang maging negative ung equity value ko? Loss naba talaga yun? Hindi ko na po ba mababawi pera ko nun? or paper loss lang sya at magiging loss ko talaga yun kapag nagliquidate nako? Thanks 🙂


Elvin Peria May 16, 2014 at 11:22 am

Hi Michelle,

Yes. Tama po kayo, ang comparison po nun ay kung magkano na ang presyo currently sa stock market at kung magkano nyo sya nabili. Yung loss/gain nyo po ay on paper pa lang (paper loss/paper gain), unless ibenta nyo na po yung stock position nyo.


Steve May 17, 2014 at 8:25 pm

Ummm. One problem about non-resident foreigners that I don’t understand how anyone can get around. Philippine Banks require you to have an “ACR card” from immigration, but to get that card you must (1) be in the Philippines with a visa and (2) be there for 59 days. But most non-resident foreigners (1) are exempt from even having to have a visa and so they don’t have a visa and not only that, I think a lot of us non-residents wouldn’t normally want to hang around Manila for two months waiting to get our precious little “ACR card”. So what am I getting wrong?


Elvin Peria May 17, 2014 at 8:34 pm

Hi Steve,

ACR card is a requirement for resident foreign citizens. Since you are a non-resident foreigner, you only need to submit the following additional requirements: Authentication of a photocopy of one (1) valid passport
Photo and signature must be clear, proof of income and recent billing statement (taken from COLfinancial website). You may contact and ask for help directly from them.


chris May 20, 2014 at 9:15 pm

Hi! As im looking at the customer account information form you can see there on the first page upper right that theyre asking for your account number. Theyre asking for the bank account number right? my apologies if you find this question stupid.i just want to make sure.hehe.thanks


Elvin Peria May 20, 2014 at 9:57 pm

Hi Chris,

Actually, the account number there is for COL to use. It will be your COL’s account number. Since you don’t have one yet, just leave it blank.

By the way, here’s a guide on how to answer the COL’s forms. https://www.citiseconline.com/enrollment/Downloads/Individual-New/Forms/col%20guidelines%20-%20application%20form(1).pdf

Also, it’s okay to ask questions. In fact, I’ve learned a lot from the people asking questions here on our website. 🙂


chris May 20, 2014 at 10:57 pm

I really appreciate your help Elvin..Thank you so muchhhh!!:)


Elvin Peria May 21, 2014 at 8:08 am

Walang anuman (you’re welcome). 🙂


Chris May 27, 2014 at 11:40 pm

HI Elvin,
I just receive the email confirmation from col with my col account number however they mistakenly placed my II (the second) after my last name when it should have been place after my first name. I sent them an email already regarding this and i told them to spare me from any inconvenience and that iwanted my name corrected immediately . Its really not a big deal right? since they spelled my name right..Its only that they misplace the II (the second).Anyway do you think its okay for me to fund my COL account eventhough they havent corrected my name yet? What do you think I should do elvin? Please advice..thank youuuuuuu


Elvin Peria May 28, 2014 at 7:22 am

Hi Chris,

I think it would be best to wait for their reply first before funding your account. They reply quickly, based on my experience.

As I checked my profile in COLFinancial, I can no longer edit my account name there. Other details such as email address, home address, mobile number, bank details etc can be changed.


Chris May 28, 2014 at 7:56 am

Thank you so much Elvin!!You have been a great help as always… 🙂


Marilou June 2, 2014 at 5:11 pm

Hi Sir,
Ask ko po, paano kung wala ako any billing statement, credit card statement or bank statement na ma provide, im working here in Dubai po pwede pa din po ba ako mka join sa Col Financial at ma pa process din po ba ang documents ko?

Best Regards!


Elvin Peria June 3, 2014 at 10:23 am

Hi Ms Marilou,

I asked a COL representative about your case. She said that you can provide a billing statement under parent’s name or a relative as long as it has the same address written on the application form.


Renald June 4, 2014 at 8:00 am

Hi Elvin,

I would like to ask you again.
I have read other articles in other websites regarding on stock market. And I was puzzled by statement stated by some and saying, “Stop buying stocks, buy companies instead”. Can you explain their differences? hehheh. .
Appreciate feedback.


Elvin Peria June 4, 2014 at 10:02 am

Hi Renald,

Literally, “buy stocks” and “buy companies” are just the same. However in the context that you’ve mentioned, “Buy stocks” refers to technical investing while “buy companies” refers to fundamental investing.

Here’s a description of technical and fundamental analysis from investopedia:

Fundamental analysis involves analyzing the characteristics of a company in order to estimate its value. Technical analysis takes a completely different approach; it doesn’t care one bit about the “value” of a company or a commodity. Technicians (sometimes called chartists) are only interested in the price movements in the market.


ria June 5, 2014 at 9:22 pm

Good evening Sir,
Ask ko lang po about sa requirements… ang Name and Signature ko po kasi sa mga IDs ko including my passport ay nung dalaga pa ako, i got married po kasi at hindi ko pa napapa-update. Pwede po kaya yun i-submit sa pag open ng account sa col financial?

Thank you po. God bless.


Edel Ramilo-Peria June 9, 2014 at 6:08 pm

Hi Ria,

I raised your question sa COL representative. She said that you may include a marriage certificate for them to process your application.


ria June 10, 2014 at 9:46 am

thank you so much po! sobrang appreciated po ang pagreply nyo. God bless. 😀


Mark June 8, 2014 at 11:12 am

sir, tanong ko lang po. Paano po kapag student lang, pwede po bang student ID ang gamitin? Tsaka nag mamail po ba ang COL financial ng mga updates or thru e-mail po? Kasi kapag thru mail baka di umabot sa amin kasi bihira dumaan ang mailman sa lugar namin dahil medyo liblib. Thanks po at more power.


Elvin Peria June 10, 2014 at 2:30 pm

Hi Mark,

Based on experience, student ID is acceptable. Yun na lang ba ang concern mo sa requirements? Regarding your second question, lahat ng updates ay makikita mo sa website ng COL, hindi nila sinesend yun via snail mail.


Mark June 11, 2014 at 9:33 pm

Thank you po sa reply! So wala po akong eexpect na any mail from COLfinancial? BTW, magkano po iyong suggested na starting money if I will invest in stocks? I know 5,000 is the minimum to open an account pero magkano ang kailangan ko to get some stocks for a well known company?


Elvin Peria June 12, 2014 at 10:39 am

Hi Mark,

It really depends on the board lot of the specific company you’re buying. You may refer to my comments kay Renald on this page. 🙂


Mark June 12, 2014 at 12:44 pm

Thanks po! Iyong isang question ko po about sa mail, wala po ba akong eexpect na mail from COLfinancial as in lahat ng updates, promotions, announcemnts about dividends ay online na lang thru e-mail and/or thru my COL account?


Elvin Peria June 12, 2014 at 1:04 pm

Hi Mark.

Yup. Base sa experience ko wala silang snail mail na ipinapadala. Lahat ay nasa website lang.


Chel June 12, 2014 at 6:33 pm

Hi Sir,
ask ko lang po if original copy ng billing statment iyong kailangan ipasa or just a photocopy of it


Elvin Peria June 12, 2014 at 8:04 pm

Hi Chel,

Sa pagkakaalam ko pwede ang scanned copy. 🙂


RJV June 13, 2014 at 12:18 am

Ask ko lang if bank statement ang isusubmit ko. I’m using BPI ExrpessOnline and doon ko lang viniview at nagpriprint ng bank statements. Pwede na kaya iyon or kailangan talaga ung bank statement galing sa bank?


Elvin August 12, 2014 at 7:51 am


I think the bank statement online is enough.


ads June 15, 2014 at 8:53 pm

Hello Sir,

Ask lng po, hirap kasi makakuha ng bank statement lalo pag wala tayo sa pinas. for sure authorization plus special power of attorney pa daw before someone can be given a copy of such on your behalf. Di kaya pwedeng employment certificate na lng instead of bank statement? other billings po kasi wala din. thanks


Elvin Peria June 18, 2014 at 12:15 pm

Hi Ads,

As per COL representative’s advice, you can submit a billing statement ng kasama mo sa bahay. As for your bank statement, you should not have a problem if you have one sa pinas.


Clarisa August 24, 2016 at 8:41 pm

Hi po!

Mali po kasi yung account name ko sa col account and i already fund my account then upon checking zero cash balance and my account is not yet enrolled once I tried to buy stocks.

Hope you could help me.



ads June 18, 2014 at 1:29 pm

Ah oks po..thanks


czarina joy dolozon June 28, 2014 at 9:24 am

hello! i want to open an account in COL but my problem is i only have one ID which is Postal ID, is it accepted also?? and for the billing statement we don have yet because we still live with my parents..what are the possible thing to do in order for me to open an account?…. hope to hear from you soon. thanks!


Elvin Peria June 28, 2014 at 1:22 pm

Hi Czarina,

I am not sure if postal ID is acceptable. If you’re a student, school ID is acceptable. You may try asking if postal ID is acceptable. As for the billing statement, you can use your parent’s household bill as long as the address in your COL application and billing statement are the same.


Melchor July 19, 2014 at 8:50 am


Tanong ko lang po ang office hours ng COL and if ever I go to visit their office to submit requirements, what is the best timing? I am from Las Pinas. Thanks.



Elvin July 21, 2014 at 12:36 pm

Hi Melchor,

COL’s operating hour is from 8:30 to 5:00 Monday to Friday (except bank holidays).


Melchor July 21, 2014 at 12:43 pm

Thanks Elvin.


Renald July 21, 2014 at 7:23 am

Hi Elvin,

Just want to learn more about stock market. I already have an account in COL and I already invested in it. I just notice something and I hope my guess is right. I check my Monthly account ledger, There’s a cost below which is the total amount I bought in stocks, I saw also the market value of the company I invested. Little difference between them. My guess is that maybe it’s the total amount that i bought that gain or loss more. Can you teach me about this to further enhance my knowledge.



Elvin July 21, 2014 at 12:46 pm

Hi Renald,

I am not sure about your question. However, the differences in the stock price you’ve bought and the market value might be from the tax+commissions you paid COL.

For example you bought 100 shares of company A at P10/share. Without taxes and commissions, you’ll be paying P1000. However if taxes and commissions are included you’ll be paying more than P1000, thus resulting to a higher average price as compared to P10/share.


Renald July 22, 2014 at 7:25 am

Thanks Elvin.


Roman July 29, 2014 at 9:41 pm

Hi Elvin…! Question po, about application sa COL, yung mga requirements po ba like Birth certificate and Proof of Billing ay kailangan original copy?? or photocopy lng, or Scan copy??? Thanks for your help…..!


Elvin July 30, 2014 at 9:34 am

Hi Roman,

As far as I know scanned copy will do. 🙂


Yvet August 2, 2014 at 12:32 am

Hi Elvin! Paano ba kung nakatira pa ako with my parents, and therefore the billing statements are not under my name? I need help! Thanks! 😀


Elvin August 4, 2014 at 7:58 am

Hi Yvet,

You can use your parent’s billing statement as long as it matches with current your address. Since you’re with them, walang problema.


Yvet August 4, 2014 at 9:24 pm

Thank you! And one more thing, do i really have to apply for a tin so that COL financial will approve my application? Or is it okay if I won’t apply for one yet?


Yvet August 4, 2014 at 9:45 pm

I have also read this in the terms and conditions. “Any request for cash or stock withdrawals from the OSTA shall be made in writing and delivered personally or sent to COL’s office by messenger or by telefax.” Is requesting by e-mail considered as “in writing?” And also, what do we put in the account number section found in the customer account information form and in the specimen signature cards? Is it our bank’s account number? I am so sorry for throwing may questions. I would really want to open an account. hehe Thank you once again! 🙂


Elvin August 4, 2014 at 11:05 pm

Hi Yvet,

For TIN, it is required but I think you can pass the application without it. My niece applied for a COL account before and got approved. She does not have a TIN until now. But recently, COL is asking for her TIN. This was more than a year ago. Hindi ko na lang kung gaano sila kastrict ngayon.

For withdrawals, you need to fill up a Fund Withdrawal form found in COLFinancial website (Home > Forms) then send it via fax at (632) 634-6958 or email to addressed to their Accounting Department.

For the account number section, COL will fill it up for you. It would be your COL account number.

It’s okay to throw a lot of questions, madami din kasi akong natututunan sa pagsasagot ng mga questions. 🙂


Ryan Abellla August 3, 2014 at 9:36 pm

Hi Elvin,

Great poost you got here. 😀

I want to open an account in COL.
I have filled out all forms and are ready to be sent through LBC.

Unfortunately, I don’t have any proof of billing statement. But I have an account in BPI, can I use the printed online bank statement as a requirement?



Elvin August 4, 2014 at 7:58 am

Hi Ryan,

Thank you for appreciating our post. 🙂

Bank statement will do.


Yvet August 4, 2014 at 9:06 am

Thank you very much!!! ;D


Yves Viloria August 11, 2014 at 12:18 am

Hi Elvin,

I have a question lang kasi medyo na-confuse ako. I’m still a student and trying to open an account; yung TIN ba is required? And regarding sa IDs, accepatable ba ang school ID in case na wala pa kong government ID? Thanks in advance for your response!


Elvin August 11, 2014 at 8:01 am

Hi Yves,

Nung nag-open ng COL account ang pamangkin ko, school ID ang ibinigay nya. As for the TIN, wala din syang naibigay. Although, recently, pinapagsubmit na sya.


Ramon Regalado August 18, 2014 at 3:25 pm

Hi good day Sir,

I want to open an acct with COL but i dont have an acct with BPI, BDO or MBC. Can i use my wife’s bank acct instead? Thanks a lot.


Elvin August 18, 2014 at 4:57 pm

Hi Ramon,

Requirement po kasi ang bank account kasi yun ang gagamitin nyo to fund your COL account. Yun din po ang gagamitin nyo to withdraw funds. I suggest to open your bank account first. Madali lang naman po ang requirements nun.

I am not sure if pwede gamitin ang bank account ng wife nyo. I’ll ask around.


kristine August 30, 2014 at 6:29 pm

hi..ask ko lang po if need muna mag open ng account sa bank bago mag apply sa COL? and pwd bah ATM account?


Elvin August 31, 2014 at 11:55 am

Hi Kristine,

Mas magandang mag-open ka muna ng account sa bank bago mag-apply sa COL. Pwede ang ATM account.


kristine August 31, 2014 at 1:01 pm

i already have atm account sa metrobank..
yung billing statement po nkapangalan sa parents ko.ok lng yun db?


Elvin September 1, 2014 at 12:32 pm

Hi Kristine,

Yes. Your parents’ billing statement will do as long as you live with them.


kristine August 31, 2014 at 1:07 pm

is it ok to just send my application thru courier?


Elvin September 1, 2014 at 12:33 pm

Hi Kristine,

Yes you may send the application via courier. Be sure to email for you to verify once natanggap na nila yung application form mo.


Yvet September 1, 2014 at 7:34 pm

Hi elvin! I finally have the courage to open up an account. May I ask for your e-mail address if ever I would need your help? Thank you very much!


Elvin September 1, 2014 at 7:50 pm

Hi Yvet,

Congratulations! 🙂 You may email me at .


Ann September 4, 2014 at 8:00 pm

Good day! I have a question po, If my goal in investing in stock market is for my daughter’s education, i mean i open an account for my daughter pero bihira lang namen madeposituhan for some reason so if kikita investment ko sa stock market my plan is i will get my avail balance that i can withdraw and deposit it to her account. Is my plan a good idea? Thanks in advance.


Elvin September 11, 2014 at 3:49 pm

Hi Ann,

Having a goal is the first step, kaso it would require diligence to reach the goal. If diligence is not there, the plan may or may not be achieved. Based on the information na binigay mo, I really can’t say if it’s a good plan or not.


Prodel September 12, 2014 at 10:52 am

Im planning to opem an account but i have one concern about TIN, i dont have TIN since im an OFW. Is it ok to apply even without it(TIN)?
Thanks, btw ur blog is very helpful!!!


Elvin September 12, 2014 at 11:40 am

Hi Prodel,

Thank you for appreciating Journey To Millions. Please spread this site so that we can help more Filipinos about personal finance.

TIN is required in having a COL account. However, my niece applied for a COL account and got approved two years ago. Pwede mo naman sigurong isunod na lang yung TIN number mo when applying.


vanessa, September 17, 2014 at 5:12 am

hi elvin,im interested in joining in col financial,but the only problem is i dont have bank acct in phil..i already downloaded the form,and there’s a segment there that i need to to fill up bnk account,but unfortunately i dont have.i am here in italy and i really want to join.as for the form is it possible to scan the data and send it through email?which is more appropriate to do,by email or by corriere.thank you.


Elvin September 17, 2014 at 8:08 am

Hi Vanessa,

I suggest to open a Philippine bank account prior opening COL account. It would be a challenge for you to invest regularly if you don’t have one. Lalo na wala ka sa Pilipinas to do the transaction and all. Unless someone in the Philippines is willing to do all the legwork for you.

As for the forms, they need the original copy so kailangan talaga syang isend via courier.


Tet September 17, 2014 at 10:58 am

Hi Edel,
Nice post! I’m a big fan of Bro Bo and I’m a regular FEAST attendee.. I also tried to attend on his free financial seminar. So happy and blessed to see this post. I am currently working on my emergency fund first but I have hard time saving on it because of my current salary and situation today. Nevertheless, I still have high hopes that I could start investing to COL soon. Hoping your guidance would truly help me in my journey. Thanks Much. and God Bless.


Elvin September 17, 2014 at 12:18 pm

Hi Tet,

Yeah. It would be best to build up your emergency fund first. By the way, I suggest you to read our previous posts starting from the very first one.


Tet September 17, 2014 at 12:45 pm

Yes. I’m doing it now.. I’m on the third step.. Thanks for sharing it. (;


Elvin September 17, 2014 at 1:50 pm

Have fun reading! 🙂


lai September 24, 2014 at 11:35 am

Hi Elvin , Ask ko lang I am from Davao City and I want to invest in stock through COL, what if I sell my stocks in a higher price ,how do I get to encash the proceeds of my stocks knowing that my place is so far from their head office ?I have a savings account in BPI ,I also have a paypal, can they deposit the proceeds to any of those accounts ? . What are the necessary docs then if someone not from Manila wants to encash the proceeds ? Thank you very much .


Elvin September 24, 2014 at 1:02 pm

Hi Lai,

I understand your concerns and I’m also far from Manila just like you. You can invest in the stock market even though you’re from Davao. You just need to send the hard copy of the requirements through snail mail. They need the original signed copies of the application form. After that every thing can be done online.

As for the encashment of your proceeds, you can do that. COL can transfer your available funds to your BPI account. There’s a downloadable withdrawal form in COL’s website, just fill it up, scan it (or take a photo of it) and send it to . They’ll process and remit the funds directly to your BPI account. The process usually takes 2 to 5 banking days.


Charlene September 28, 2014 at 1:05 am

Hi po Elvin,
I am currently working abroad (UK). After two weeks, I have already opened and funded my COL account. I used wire transfer to fund my account, but the charge is very expensive. I-Remit is another cheaper option, but no I-remit branch near my location. Can I use western union po instead?
Thanks in advance for your reply.


Elvin September 30, 2014 at 10:26 am

Hi Charlene,

I raised your concern to COL. The representative said, “they can deposit Western Union as long as the branch will deposit the remitted funds to our BDO account since we are not allowed to pick up the cash.” She added, “for faster and easy tracking they can do it to any IRemit branch.”


Charlene September 30, 2014 at 2:46 pm

Thanks very much po Elvin for your help.


Gel October 1, 2014 at 11:23 pm

Hi Elvin,
Pwede bang gamitin ang bank account sa Land Bank pag nag apply ng account sa COL? I am here kasi sa davao temporarily for three months and ayaw ko naman mag open ng account sa BDO BPI or Metro Bank here in davao. I understand pwede naman over the counter muna ang pag fund ng COL account di ba? Later nlng ako mag online banking pag balik ko manila. Gusto ko n kasi mag invest sa COL financial ngayun. Tnx


Elvin October 2, 2014 at 12:18 pm

Hi Gel,

Yes. As per COL’s advise, you may use your Land Bank to open COL account. Happy investing.


Gel October 2, 2014 at 5:02 pm

Thanks Elvin


cecille October 9, 2014 at 10:28 am

pagka open po ba ng account at pagkadeposit ng 5k pwede po ba na hindi mag buy ng stocks bahala nalang ang COL.


Elvin October 9, 2014 at 7:23 pm

Hi Cecille,

It’s possible in COLFinancial’s Easy Invenstment Plan (EIP). However, kailangan mo silang iprompt kung ano ang bibilhin mong stocks from their premium stock list – hindi sya automatic sa simula. You may refer to this primer: https://www.colfinancial.com/ape/Final2/home/pdfs/2012_eip_primer.pdf


Elvin October 10, 2014 at 11:27 pm

Hi Cecille,

You may try investing in a mutual fund or unit investment trust fund (UITF) if you want the company to buy stocks on your behalf. Some funds also offer a minimum deposit of 5K.


edgar October 11, 2014 at 11:11 pm

I’m working visa here in US and still a Filipino citizen can I send my application form by United State Postal Services, because I’m confused about the highlighted notes that the COL financial shall not accept documents/packages sent by company EMS, as far I know that EMS was from Philpost.


Elvin October 16, 2014 at 8:59 pm

Hi Edgar,

What’s EMS pala? If United State Postal Services can deliver packages dito sa Pinas, dapat wala kang magiging issue.


Irene August 20, 2015 at 1:30 pm

Id like to follow up this concern.. I want to open an account too but Im from Japan and I mail using Japan’s EMS (JapanPost).

Is this because Philpost charge 50-100php for delivering the document?


Elvin August 20, 2015 at 8:51 pm

Hi, Irene!

I am not sure of your concern. You may direct your question at .


cris October 28, 2014 at 3:38 pm

I am a student, 19 yrs old, still living with my parents. I wanted to open an account. However, one requirement is a billing statement, yet I don’t have one. What would I do?


Elvin October 28, 2014 at 7:36 pm

Hi Cris,

You may use your parent’s billing statement or anyone from your household. Dapat kung ano ang address dun sa billing statement, yun din yung address mo. 🙂


Cris October 29, 2014 at 2:07 pm

Maraming Salamat Po! God Bless..


Antonio November 1, 2014 at 9:39 pm

Good day to you Elvin !!!
That what a very informative topic.
I would like to ask about funding your COL account is that after you buy stocks or before buying a stock?? An also about withdrawing your money after you sell stocks, can you withdraw it or if it’s ok that it will stay there for your balance to buy stocks for future?


Elvin November 3, 2014 at 8:41 am

Hi Antonio,

You need to have funds in COL before you can buy stocks. As for withdrawing funds, you can only withdraw your cash balance.

Think of it this way. For example, you have P10,000 in your wallet. Your friend A borrowed P6,000. What’s left in your wallet is P4,000. You can buy whatever you want with P4,000. Once the P4,000 is used up, you can no longer buy anything unless you get your P6,000 from friend A.

In COL terms, P4,000 is your cash balance that you can easily withdraw from your account or use to buy more shares of stock. You can withdraw your P6,000 after selling your stock position.


Rochelle November 5, 2014 at 12:53 pm

Good day sir!

I am currently doing my researching about investing in stocks and thanks to google I found your website. Well, technically I am only 18 years old and currently studying. I have some questions about COL and their reuirements in opening an account.

1.) Is student ID can be used as valid ID?
2.) The last page in applying an account is about the financial something of the person including the assets, net worth, annual income and the source of income. What will I answer that if I am only student?

Thank you Sir in advance! 🙂


Elvin November 6, 2014 at 10:13 pm

Hi Rochelle,

COL accepts student IDs. As for your second question, I suppose you don’t have any income yet as a student right? You may tick the following as your answers:

For asset: For net worth: For annual income: For source of income: Family/Inheritance/Regular Remittances


Chela Bracamonte November 8, 2014 at 11:08 am

Hi Elvin,

What does selling you stock position mean?



Elvin November 9, 2014 at 11:01 am

Hi Chela,

Selling your stock position is like this. For example you own a sari-sari store. Before you can open you should have stocks of let’s say candies, chips etc otherwise you can’t sell anything. The number of candies and chips you have are your stock position.

In the stock market, you buy to own shares of stock of a certain company or companies. You can only sell the shares of the company or companies you own.

Just let me know if my explanation is clear. 🙂


Chela Bracamonte November 10, 2014 at 9:11 am


Very well understood:) i just wonder of that term everytime i read articles online about stocks investment which i have just started. Thank you very much and all the best!


Elvin November 10, 2014 at 10:41 am

No problem Chela! Feel free to post your questions. 🙂 I’ll try my best to answer them. 🙂 Have fun learning!


Van November 23, 2014 at 3:34 am

Hi Elvin,

I am glad dahil napunta ako sa page mo while doing some research about investing. Bilang wala akong alam sa stock market, I find other articles about investing intimidating, lalo na pag may jargons. I hope you can help me understand the basic process of investing sa COL. Base sa nabasa ko dito sa blog, pwedeng magbukas ng COL account at makapaginvest sa halagang 5K, tama ba? A friend of mine told me that I have to have at least 30K to in order to invest. I’m a bit confused. Hope you can enlighten me. Thank you. 🙂


Elvin November 23, 2014 at 9:40 am

Hi Van,

Thank you for appreciating our website, Journey To Millions.

The minimum requirement in COL is only 5K.

May tatlong account type sa COL.

COL Starter – this is a entry level account where the minimum required investment is only P5,000.

COL Plus – this is for a bit advanced investors that has access to live chart data where the minimum required investment is P25,000.

COL Premium – this is for premier investor that provides COL Plus information aside from the personal manager dedicated to assist you. This has a minimum required investment of P1,000,000.

You may refer on this link for more details: https://www.colfinancial.com/ape/Final2/home/open_an_account.asp

Pag nagstart ka with COL Starter at ginawa mo regularly and umabot ang invested amount mo to P25,000, automatic na nilang ina-upgrade ang account mo.


Van November 23, 2014 at 10:21 am

I see. Thanks a lot. That’s very helpful. 🙂


Raquel mendoza November 28, 2014 at 11:08 am

Good day ma’am I am planning to open and account sa col financial and I’m only here for vacation okay lang po Ba na yung billing statement is from my father? Thank u so much.


Elvin November 28, 2014 at 1:35 pm

Hi Raquel,

As far as I know okay lang as long as you are still living with your father.


Katrina December 1, 2014 at 12:52 pm


Good day!

My office mate informed me about COL Financial. She said that her friend have earned by investing. She also mentioned about financial adviser/s. If in case I invest, would there be an additional fee for adviser/s or will it be taken from the money that I will be investing? I hope you could enlighten me. Thank you.


Elvin December 4, 2014 at 11:14 pm

Hi, Katrina!

Investing in the stock market is very much different from hiring a financial advisor. You can invest in the stock market without the assistance of a financial advisor. Likewise, you can subscribe to a financial advisor without investing in the stock market.

The fees associated with investing in the stock market are clearly indicated in the COL website, while the fees associated with hiring a certified financial planner to help you make a financial plan generally starts at P5,000 (depending on the breadth and depth of the plan you require).


Katrina December 5, 2014 at 6:36 am

Thank you for your response. 🙂


Raquel Mendoza December 3, 2014 at 5:17 am


How can I attend a free seminar from Col Financial? Can i visit personally or there is a schedule for the said seminar? If there is can you tell me when and what is the requirements i need to bring?

thank you


Elvin December 4, 2014 at 11:06 pm

Hi Raquel,

You may visit this link for schedules: https://www.colfinancial.com/ape/Final2/home/investor_education.asp

Just click the seminar you want to attend and follow the succeeding steps. 🙂

Happy learning!


Jhoy December 4, 2014 at 12:03 pm

Hi Mr. Elvin,

Good day!
I’ve read your blog and it’s kinda inspiring. Thanks for that! Anyway, there’s still questions on my mind. Hope you could entertain my queries.

I just want to confirm if it is acceptable if documents for opening an account at COL Financial can be emailed and not personally submitted in their office? Im really looking forward to opening an account at COL. Moreover, I have a friend and we decided to open a join account. Is it possible? And what are the requirements needed from both of us? When I chose Joint account in an online application, it only require one name, how about my friend?

Lastly, I am renting a condo with my friends, and the billing statement name was not mine. Is it acceptable if I use it?

Thank you for the usual support. 🙂


Elvin December 4, 2014 at 11:02 pm

Hi Jhoy,

I haven’t tried the online application for joint account. I suggest that you just download the forms online, fill it up and send it via courier. May fields kasi dun na fifill-upan for joint accounts.

As for having your friend open a joint account with you, think it through. Anything can happen, pwede kasing magkaiba kayo ng risk profile or magkaiba kayo ng plans sometime in the future. It may cause conflict.

As for the billing statement, I think it is acceptable since you’re living on that condo unit.

By the way, thank you for appreciating Journey To Millions. 🙂


Jhoy December 5, 2014 at 10:47 am

Thanks for the response! Malinaw na din sakin yung instructions. Also, I’ve already contacted the helpdesk to assist me on my application.

Thank you and more power to you 🙂


Joedy guerrero December 27, 2014 at 7:20 pm

I just want to ask if i am eligible to open an accnt with your company i am a ofw tnx n more power


Elvin December 28, 2014 at 10:24 pm

Hi, Joedy!

First of all, thank you for visiting Journey To Millions.

As for your question, we’re not affiliated with COLFinancial but OFW can open an account with COL. You can follow the instructions found on this link (or read the article above) for more details:


If you have questions or clarifications, please don’t hesitate to ask us.



Ken Cheng January 5, 2015 at 8:12 am

Hi Sir Elvin,

I am a Filipino citizen and interested in investing at COL Financial. I have a concern regarding the requirement. I don’t have billing statement named after me because I’m still living in my grandmother’s house. Would it still be possible I can invest in COL Financial?


Elvin January 5, 2015 at 11:56 am

Hi, Ken!

You may use your grandmother’s billing statement since you are living with her. 🙂 Please ensure that the address in your COLFinancial application form is align with your grandmother’s billing address.


Ken Cheng January 6, 2015 at 11:24 am

Thanks for the information Sir Elvin. Big help. 🙂


Cath January 9, 2015 at 6:42 pm

Hi Sir Elvin,

This blog is so helpful po. I dont know much about stocks but I’m so interested on investing and saving my money. Gusto ko lang po sana malaman, paano po ba ung stock. Tama po ba ang pagkakaintindi ko?Let’s say that I invested po sa COL Financial, pano po ba un, my list po ba ng mga stocks na pwede kong ipurchased. And say na I bought a stock, Kanino ko po ba binibenta ung stocks that I previously purchased? sa mga katulad ko din po bang mga small stockholder? Is that how it works po ba? Thanks much po


Elvin January 9, 2015 at 10:48 pm

Hi, Cath!

Thank you very much for appreciating Journey To Millions! 🙂

Yes you can purchase from the list of publicly listed companies in the Philippines through COL (or any other stock broker).

For your other question. Binebenta ang stocks na nabili mo na sa ibang stockholders na naghahanap ng stocks na binebenta mo. It can be a small investor just like you or a company.


bagito January 11, 2015 at 1:16 am

Sir mag start pa lang ako sa COL financial. narecive ko na COL acct no ko.

Since OFW ako d2 sa UAE. nag send ako remittance thru BDO. ang problema di ko na indicate ung COL account no. ko.. Ano ba maganda gawin.. pwede ba indicate sa email un pag send ko yung copy ng receipt


Elvin January 11, 2015 at 10:16 am

Hi, Bagito!

Yes. I think that’s the right thing to do. Your deposit might get lost kaya you have to email COL agad.


Anna January 20, 2015 at 8:56 pm

Hi po,

Kakasign up ko lang po sa COL financial, ang tanong ko po e sa ITF..tama ba ung pagkakaintindi ko na pwede ko iapply ang mga anak ko dun? saka magkano po ang starting investment sa ITF?


Elvin January 21, 2015 at 3:00 pm

Hi, Anna!

According to a COL representative, “Applicants for a COL Trading Account must be at least 18 years old upon application as required by local regulators. If the applicant is a minor, a parent or legal guardian who is of legal age may open an In Trust For (ITF) account for the child. An ITF account is technically an individual account of the parent as primary account holder until the minor turns 18 years old. Until then, ITF accounts will only reflect the primary account holder’s name together with the initials ITF since he/she is the only one with legal capacity to enter into contract.

Requirements needed for the parents are same as the regular account but for the child we only need a copy of their birth certificate.”

Based on the above statement, it depends on the age of your child. Dun po nakadepende kung maiapply yung anak nyo as ITF.


mommy malou January 22, 2015 at 3:28 pm

I would like to open an account in COL. I’m pondering if I’ll use the individual account or ITF account.

I just have one question before I finalize my account, If I am the account owner of the stock and God forbid I die, will my money go to my beneficiary (child) ?

If yes, can my beneficiary still continue with the stocks investment using my account? Assuming they know my password and all.

And how will my beneficiary withdraw from my account without needing my signature (as im deceased)? or is there a provision they can amend the deceased owner (me) to new a owner of the account, the beneficiary. Or do they have to close and sell the stocks.


Elvin January 23, 2015 at 1:48 pm

Hi, Mommy Malou!

I asked your concern from a COL representative. She said that COL account, unlike banks, does not have beneficiaries. She added “trading accounts are considered assets much like real estate, and are subject to taxes and other legal requirements before ownership can be transferred”.

You may opt to open a joint (or) account instead of an individual account. This way, either you or your child can withdraw funds from your COL account.


Randy January 23, 2015 at 12:21 am

gusto ko ring mag-invest sa COL financial kaso OFW ako,
so papaano yung requirements kong billing statement?
address ko ba sa pilipinas ang gagamitin?
at papaano rin mag deposit sa account?
pwede ba ang western union o other remittance?
salamat sa blog at pasensya na…di ko masyadong binasa ang comments!


Elvin January 23, 2015 at 1:50 pm

Hi, Randy!

Kahit anong billing statement as long as nagmamatch sya dun sa address ng COL form. As for the deposit, you may try iRemit. You may refer to this link for the instruction: https://www.colfinancial.com/ape/Final2/home/pdfs/fund-overseas-iremit.pdf


Joshua January 27, 2015 at 10:16 pm

I recently open a COL account for my self, I am just curious if its possible to change or upgrade it to a joint account eventually? Thanks and more power.


Elvin January 28, 2015 at 10:27 am

Hi, Joshua!

According to a COL representative, it can be done. You just have to fill out a new application form with all the requirements and a letter of confirmation for the modification of the account. It can be changed into a JOINT OR account or an In Trust For Account.The existing holder will still be the primary holder and cannot be the secondary holder on request of modification.


Loice January 31, 2015 at 12:42 pm

Hi Good day, I’m a seafarer and I’m willing to join COL financials asap before I get back to work at sea.

Now since I live in the province may I just ask if is it possible for me to open up an account at COL financials without any billings?

I only live with my relatives here in Pasig so I have no billings. But I have some few ID’s such as PRC, PASSPORT, DRIVERS LICENCE, and MULTI-PURPOSE ID of SSS, PHILHEALTH, PAG IBIG.

Thank you for your time. 🙂


Elvin January 31, 2015 at 8:57 pm

Hi, Loice!

COL accepts bank statements if there’s no proof of billing available.


mark January 31, 2015 at 5:43 pm

hi, sir elvin,

ask ko lang sana kung mayroon din bang broker’s fee once when I started to buy stocks.,



Elvin January 31, 2015 at 9:05 pm

Hi, Mark!

Yes. There’s a broker’s fee (or commission) for buying and selling stocks. It’s a small fee of minimum of P20 or 0.25% of the gross amount. For more details, you may check the FAQ section of the COL website.


loki February 2, 2015 at 9:49 pm

hi,sir elvin…ask ko lang po…student po kc ako gusto ko mag invest sa col..pano po ung mga req. dun and pano ko ung bank account ko? tnx po


Elvin February 2, 2015 at 10:09 pm

Hi, Loki!

Just follow the instructions on the post above. Tapos, i-identify natin kung ano yung mga kulang mong requirements. Bank statement can replace billing statement.

Mahalaga na meron kang bank account (mas preferred na online) para yun ang magtrtransfer ng funds mo to COL.


loki February 2, 2015 at 10:21 pm

tnx.sa pag sagot..pano ITF supp.. agreement. atska kailangan bang may billing statement?.tnx ulit


Elvin February 2, 2015 at 10:28 pm

Hi, Loki.

It would be best kung may billing statement. Proof sya na meron kang fund to invest. Kung wala naman billing statement, COL accepts bank statement. As for ITF, I think you don’t need it. It’s for parents na gustong mag-open ng COL account for their kids.


MERYL February 3, 2015 at 5:02 pm

Hi po!

Ask lang po for requirements for JOINT OR or ITF account type?
Thank you.. 🙂


Elvin February 5, 2015 at 11:18 am

Hi, Meryl!

As far as I know. Joint OR account has the same requirements of individual account (you may refer to the above post). For ITF, you need to fill out an additional form. You may refer to the COLFinancial website for details.


MERYL February 9, 2015 at 4:22 pm

much thanks po! appreciate it.. 🙂


Jeremiah Amores February 5, 2015 at 10:37 am

I’m planning to invest in stock market, and I would like to know more what stock market is about and some strategies on how to avoid loss. Can you recommend some online websites or can you send me some tips on how to be be successful in stock market. My email address is . Your advice would really help. Thank you in advance. More power to you.


Elvin February 5, 2015 at 11:32 am

Hi, Jeremiah!

To be honest, I am not an expert regarding stock market investing but you may try reading books such as The Intelligent Investor by Benjamin Graham and The Neatest Little Guide To Stock Market Investing by Jason Kelly. These books are in US but some are also applicable in PH settings.

For something local, you might want to check out the books and websites of Aya Laraya, Bo Sanchez, Marvin Germo (to name a few). You may also try reading the comments section of this post. 🙂

By the way, just a tip. Before investing in the stock market, be sure to have a well defined goal – a reason why you’re investing. This will keep you motivated especially during rough times.


lemuel February 6, 2015 at 9:38 pm

Im a newbie in COL. Just recently funded my account via online banking. I want to know why my account still have zero actual balance even after receiving the confirmation receipt from COL? What would i do? Any suggestions?


Elvin February 9, 2015 at 5:56 am

Hi, Lemuel!

You may inquire at . Be sure to send your email acknowledgement for them to match with their records.


Mark Fernan February 7, 2015 at 11:21 am

Hi, im interested of investing in stock market but im only 17 yrsold and currently studying. My question is, there is a age required in applying the COL? If I invest in the stock market how much is the minimum payment to open an Account??


Elvin February 9, 2015 at 12:57 pm

Hi, Mark Fernan!

Apparently, investing in the stock market requires investors to be of legal age (which is 18). I suggest that you’ll wait for another year or better yet, have your parents, open an ITF account.

The minimum requirement is P5,000.


Mark Fernan February 11, 2015 at 10:01 pm

Thank You Mr Elvin, but for my future question to my self, when is the best way to sell and buy shares .. will you give me some tactics.. para mapadami ko po ung stock ko po nyan .. thank You in Advance ..


Elvin February 12, 2015 at 11:01 am

Hi, Mark Fernan!

The best time to sell stocks is when it hit your investing objectives. In that sense, you should have a clear investing rules. Depende kasi yan sa investment strategy mo (fundamental or technical). Same rules apply in buying shares.


Shiela February 9, 2015 at 3:10 am

Hi Elvin! Perfect post in this site. Wala bang branch ang COL Financial sa Cebu? How about if gusto ko mag-attend ng seminar to understand more about this? Pwede bang gamitin ang PNB account ko to do this? May charge ba kung PNB account ang gamitin? About billing statement, since wala ako nun at bank statement ang nabanggit na pwede, from PNB ko ba kukunin yun? San pala kukunin ang billing statement? Pasensya na sa tanong ko, first time ko kasi (first job, first money, first savings). Thanks sa response po.


Elvin February 9, 2015 at 3:17 pm

Hi, Shiela!

As far as I know wala pang branch ang COL sa Cebu. As for the bank, currently BPI, BDO at Metrobank pa lang ang facility na makakapagtransfer ng funds free. Ang treatment for PNB would be like remittance. I suggest to open an account sa BDO or BPI. Billing statements are from your utilities – kuryente, tubig, phone bills etc.


Alyn February 9, 2015 at 11:01 pm

In choosing EIP na Peso Cost Average, is it possible na after your initial deposit of 5k pwede bang gawin 3k or lower monthly? And if i decided to withdraw all the invested money makukuha ko ba ito ng buo? May possibility ba na hindi kumita using Peso cost average. Naka insured din po ba ung pera na iinvest? Can i have your email add po for further question. Thanks po


Elvin February 10, 2015 at 5:11 pm

Hi, Alyn!

To answer your first question, pwede naman siya ireduce. However, it does not warrant na makakabili ka ng shares which is dependent on board lots (see my reply to Renald).

For your next question, what do you mean by makukuha mo ito ng buo? Investing in the stock market is a risky investment. The price of stock can fluctuate every day. So, there’ll be days that you’ll have more, there’ll be days that you’ll have less.


dominique February 20, 2015 at 12:36 pm

Sir, tanong ko lang. Nagwithdraw po ako ng stocks na naibenta ko. Nagreflect na po sa outstanding balance ko yung pera pero di ko pa po mawithdraw sa banko. Tuesday, February 17 po nagreflect sa outstanding balance. Possible po bang makuha ko na yung pera today , (holiday, february 19) February 20 dahil sabi ng COLfinancial within 3 days? May lumalagpas po ba ng 3 days lalo na at Landbank? Salamat.


Elvin February 21, 2015 at 8:01 am

Hi, Dominique!

Ang usual process ay three banking days. So kung susundin ang process, sa Monday ang deadline ng COL/Landbank to release your fund.


Cassandra February 21, 2015 at 1:24 pm

Good day sir tanong ko lang pano kaya ako makakakuha ng tin , student palang ako,galing kasi ako sa BIR kahapon para kumuha ng tin ID sabi di daw sila nag i-issue ng tin para sa online transaction katulad ng Col financial dahil wala daw silang makukuhang tax.Nahingi sila ng letter galing company para makapag issue ng tin 🙁 Please help


Elvin February 21, 2015 at 4:16 pm

Hi, Cassandra!

You may ask COL directly if okay lang sa kanila na to follow ang TIN. You may email them @ .


loki February 21, 2015 at 6:29 pm

ask ko lang po kung pwede k gamitin ung atm ko as account sa pag create ng account sa col..tnx


Elvin February 22, 2015 at 9:41 am

Hi, Loki!

It depends. COL accepts deposits from BDO, BPI and Metrobank.


Ej February 24, 2015 at 7:38 pm

Hello sir. My friends and I decided to open an account in COL Financial and it’s gonna be our first time. We are third year college students and honestly speaking, we are not that familiar of investing in PSE. I just want to ask, if we choose to apply the minimum 5000 in COL Financial, do we need or is it mandatory to fund it every month? If it is, does it need to be 5000 and above? Thanks for your reply.


Elvin February 24, 2015 at 7:54 pm

Hi, EJ!

5000 is only the initial amount to open an account. It is not mandatory to put 5,000 every month. It depends on you.


Ej February 24, 2015 at 8:10 pm

Thank you so much sir for the immediate reply!!! You made my day 🙂 Tanong ko lang po, paano po na-mo-monitor yung investment mo sa col? Thanks.


Elvin February 24, 2015 at 8:28 pm

Hi, EJ!

Makikita mo yun pag-login mo sa account mo sa COL. You can try 7 days trial. 🙂


Yen March 6, 2015 at 6:26 pm

Hi po, Ask ko lang po why po it takes to long for COL to response regarding po sa registration requirements ko po. I’d sent my requirements via LBC (the form,2photocopies of my Id’s,Voter’s ID and SSS). Snend ko po last Sunday (MArch 1,2015) Until now po no response (March 6,2015). I’d email then po 3x sa helpdesk and using the contacts at their website. Still no response. I’m trying to call their hotline at answering Machine lang sumasagot at ang tagal po I’m using cellphone. Any problem with COL Financial? For this so I’m now having doubt paano po pag ibang important concern na po ang problem ko.. Any news po.. IF they have something nman sana at least i have any confirmation nman po para I know if my problem with my application.. Sabi nman po dito one to two days?? I have a 7 day trial account po with them..


Elvin March 6, 2015 at 10:09 pm

Hi, Yen!

You have a weird case. Usually, I got a response right away from COL. As for their hotline, I haven’t tried calling them kasi nakakakuha agad ako ng response from email.

Have you checked your spam folders? Maybe may response na sila dun lang napunta.


yen March 7, 2015 at 12:49 pm

Yes po chenecheck.ko.po everyday inbox and spam messages.. Nireply ko rin po yong message nila when they give me a free trial account… I dont really know po bakit po ang tagal.


Elvin March 11, 2015 at 10:36 am

Hi, Yen!

According to Ms. Jackie, a COL representative, they’re currently receiving a lot of emails since last month and they are in the process of fixing their backlogs. I already asked her about your concern so that she can escalate it. You may email her directly at .


claire March 16, 2015 at 8:19 am

Hello Po. Sobrang Thank you po sa pagpost nito. Student palang po ako. 19 yrs old At balak ko na pong mag-invest. Actually, nagiipon na po ako ng 5000 na pang initial amount. Tapos po yung TIN, nabasa ko po sa comments na pwedeng to follow na lang po yun. Konti nalang po problema ko =).

Tanong ko lang po? Dun po ba sa makukuhang cash dividends, pwede po bang kunin yung part nun tapos I-invest po ulit?? If ever po na kukunin ko na po yung dividends, pano ko po makukuha?

Tapos po kunh 2000 nalang po ibibigay every month after ng 5000 na initial, okay lang po ba yun? Pano po yung tax?

Last na po to, hindi na po pupunta sa PSE?

Maraming maraming salamat po. =)


Elvin March 17, 2015 at 9:07 am

Hi, Claire!

Thank you very much for reading the comments section first before asking your questions. 🙂 I truly appreciate it.

Let me answer your questions one by one.

Dividends. Yes. You may withdraw your dividends, you may get its earnings and/or reinvest it. It depends on you. You can withdraw them by filling up a COL withdrawal form. You can download this in the COL website.

Investment of 2000 per month. Okay lang yun. Walang issue. As for the tax, you’ll be taxed if you buy/sell shares. It depends on the amount. If naglagay ka lang sa COL account mo, you’ll not be taxed.

Pagpunta sa PSE. Hindi mo na kailangan. COL na ang magproprocess ng requirements nila sa PSE for your account. COL is your broker. Sa kanila ka magsusubmit ng requirements.


claire March 18, 2015 at 10:41 pm

Maraming maraming salamat po. 🙂


Mhai March 17, 2015 at 12:55 pm

Hi po.

Tanong ko lang po sana kung kelangan ko na kaagad ibigay s Col Financial yung 5k ko upon submitting my requirements in opening an account?

Thanks po..


Elvin March 17, 2015 at 2:28 pm

Hi, Mhai!

Yes. Once you submitted all the requirements, COL will email you to deposit your initial 5K, then saka mo makukuha yung account number mo.


Christine March 23, 2015 at 11:30 pm

Hi Elvin,

Any idea on the withdrawal limit? I can’t seem to find this information on their website or anywhere else.

Much thanks!


Elvin March 24, 2015 at 9:50 am

Hi, Christine!

I think there’s none.


april April 24, 2015 at 1:27 pm

hello po tanong ko lang po kung Accepted din po yung PHILHEALTH id sa pag oopen ng account ?


Elvin April 25, 2015 at 7:10 pm

Hi, April!

Yung ID ng PhilHealth ay parang papel lang right? I am not sure kung tinatanggap nila. Try mo isubmit. Hihingi naman sila ng other IDs pag di talaga pwede eh.


Jessica April 24, 2015 at 4:49 pm

Hi Sir! Im planning po to open an account (5,000.00). Papaano po bumili ng stocks I have limited idea when it comes to investing stocks. Thanks and more power!


Elvin April 25, 2015 at 7:04 pm

Hi, Jessica!

I suggest to attend COL’s free seminar on how to invest in the stock market. Kung malayo ka naman sa Manila you can search Aya Laraya’s blog Pesos and Sense or Marvin Germo’s blog. They have different style of investing in the stock market.


Blanche April 25, 2015 at 12:26 am


I’m planning to open an account sa COL, but upon reading all the requirements, I realized that they needed TIN number, and the only id I have was my passport. I’m an ofw, been working abroad since college. Do I really need to get TIN number?

What should I do then? Please help!


Elvin April 25, 2015 at 7:05 pm

Hi, Blanche!

Yes. You really need to have TIN number.


Joy A. Jacobe April 25, 2015 at 4:41 am

Hi elvin i already submitted col forms and requirements as well as deposited 5k on my BPI account .its been 6days now i havent receive any reply from col financial..pls help…thanx.


Elvin November 10, 2015 at 12:38 pm

Hi, Joy!

I hope okay na ito.


aixa April 27, 2015 at 11:45 am

Gusto ko po sana mag enroll ng account sa COL. tin# po ba is required? Home based po kasi ako di pa ako nkka pagwork. paano po ba yon?


Elvin April 27, 2015 at 12:13 pm

Hi, Aixa!

Yes, TIN is required.


Ivan April 30, 2015 at 11:16 am

Equity investments lang ba yung available for trading? Wala bang debt?


Elvin April 30, 2015 at 3:22 pm

Hi, Ivan.

Equities lang ang alam kong tini-trade sa COL. By the way, what do you mean by debt?


lau May 10, 2015 at 4:06 pm

Hi Elvin,

Q: Assuming that i already have an individual account in col financial and i died yesterday? what will happen to my investment? who can claim/withdraw my investment?

thanks for your time: )


Elvin May 11, 2015 at 10:21 am

Hi, Lau.

I asked a COL representative regarding your questions and here’s her answers:

COL Accounts do not have a beneficiary like bank accounts. Trading accounts are considered assets much like real estate, and are subject to taxes and other legal requirements before ownership can be transferred. Surviving heirs may then open an account with COL to transfer all stock and cash positions from the deceased client’s account to the surviving heirs’ account. Surviving heirs will have to submit identification documents and proof of billing and accomplish account opening forms.


Kent Adrian May 29, 2015 at 11:39 am

Hello sir, pano po makakuha ng bank statement? Magrerequest lang po ba sa bank ko? Can I do it online? Thanks.


Elvin May 30, 2015 at 9:23 pm

Hi, Kent Adrian!

Yes. Request ka lang sa bank mo.


maay June 2, 2015 at 2:35 pm

why is it that my total equity from monthly account ledger is different from my portfolio? thanks…


Elvin June 3, 2015 at 11:44 am

Hi, Maay!

It probably due to timing issue. The monthly account ledger is a snapshot of your portfolio (month end). The data in your portfolio is in real-time.


Diana July 11, 2015 at 11:40 am

Hello po sir., just want to ask. Original Copy po ba ng TIN application form ang ipapadala ko sa COL Financial or photocopy lang?
And Is a School ID ok to be a replacement for any Government valid IDs? (student pa lang po kasi ako, so I dont have any government IDs yet).
I’ll wait for your response sir..Thank You 🙂


Elvin July 11, 2015 at 11:00 pm

Hi, Diana!

I think photocopy will do. School ID is okay. 🙂


Aidelan Abad July 11, 2015 at 9:20 pm

Hi Sir;
Ofw po ako kaso wala po akong Philippines bank account,gusto ko po sanang magstart sa stock market sa peso cost averaging.pwede po ba na mag open ako ng BDO account dito sa Saudi Arabia para lang magkaroon ako ng Philippines bank account.Iniisip ko po kasi hindi branch sa amin ang ibibigay dito pag nag open ako dito.Thanks….


Elvin July 11, 2015 at 11:07 pm

Hi, Aidelan!

To be honest, I am not sure. You may ask directly kung ang BDO account in Saudi Arabia ay pwede. In my opinion dapat pwede.


DJ July 17, 2015 at 2:52 pm

Hi, medyo naguguluhan lang po ako dun sa pag withdraw ng profit sa COL. pano po ulit yun? Tapos yung sa billing statement po. Nasa manila kasi ako pero yung billing address ng postpaid ko sa province namin. Ok lang po ba yun?


Elvin July 17, 2015 at 9:14 pm

Hi, DJ!

You may use your province’s address as your billing address for consistency.

For your other question about fund withdrawal, you can read my previous replies to Lai, Antonio and Chela found on this post. 🙂


ronald calamba July 29, 2015 at 2:42 pm

i have a problem regarding the ” Proof of billing” as one of the requirements. i lived with my mother and all our bills are name after her.. is it ok if i used the our bills with my mother’s name on it?


Elvin July 29, 2015 at 3:57 pm

Hi, Ronald!

Yes. You can use your mother’s bills. Be sure to write your mother’s name as your address.


maryannlaguillesocfemia August 9, 2015 at 2:40 pm

Paano po sir gsto q dn po maginvest tpos and2 po aq jeda ung s billing n requirements e wla p kmi s pinas kz nkikikabit lng po kami ng tubig at kryente and wla rn po aq bank account, ano p po b ang pde iplit s requiremnt n un? Slmat po…


Elvin August 10, 2015 at 3:53 pm


I suggest asikasuhin mo muna yung pag-oopen ng bank account bago mag-invest. Yun din kasi ang gagamitin mo to fund your COL account eh.


Mitzi August 11, 2015 at 5:07 pm

hello… I applied my TIN through online and they sent it (TIN) to my email. I filled up the 1901(Business Registration) since its the easiest way to do…They required P500 for the fee but i did not pay for it.

The question is, okay lang po na gamitin ang TIN na narecieve ko from my email kahit hindi ako nakabayad ng fee?
Diba dapat 1904 (Government Purpose) ang dapat na i-fill up ko?


Elvin August 13, 2015 at 10:48 am

Hi, Mitzi!

I am totally clueless regarding your concern but I suggest, fill up the correct form and use it as TIN for your COL account.


Annedy August 12, 2015 at 3:27 pm

Ask ko po sanam duon po ba sa COL account if may coorection sa account holders information like BIR TIN number, pwede ba i update through the online account? or naka block anf TIN number at ito at permanent di ma edit?


Elvin August 13, 2015 at 10:49 am

Hi, Annedy!

I tried editing TIN and it can be changed. 🙂


abby August 15, 2015 at 9:13 pm

Hi Elvin,

I would like to ask kasi I just recently opened an account with COL, funded my account yesterday, (super bago talaga! hehe) and now have access to the website with my new password. But how come my actual balance and buying power is still 0.00 after funding my account yesterday? Should it reflect the minimum investment amount I deposited? Let’s say 5,000.00? thank you very much. Will appreciate you quick response. BTW, your posts are really really helpful, thank you for sharing your expertise and knowledge with us. 😀


Elvin August 16, 2015 at 10:03 am

Hi, Abby!

Thank you for appreciating our blog. 🙂

Baka hindi lang umabot sa cut-off nung Friday. Check mo ulit by Monday, around 10AM (latest). Kapag, wala pa din, itawag mo na sa COL. 🙂


frank September 3, 2015 at 6:12 pm

Ask ko lng po , nag open ako ng account sa COL financial .. approve na sya pero may doubt ako sa signature ko na parang d kaparehas ng nsa ID ko .. ok lng ba un? nacheck naman ata nila un db na mejo hawig naman ? minamatch po nila un db sir? d naman sguro ko magkakaproblema dun?


Elvin September 15, 2015 at 12:25 pm

Hi, Frank!

According to a COL representative I talked to, it’s not an issue. You just need to sign on a signature letter for confirmation of signatures to use with COL. 🙂


Therese September 14, 2015 at 10:11 pm

Hello Sir, alam ko paulit ulit nyo na tong sinasagot sa mga comments pero kailangan ko po talaga ng sagot sa tanong nato. Please answer me po.

Question: After succesfully applying for a TIN ONLINE, you’ll receive your TIN NUMBER THROUGH EMAIL po diba, So ung TIN NUMBER na binigay sa email ay pwede na magamit agad? OR kailangan ko pa itong iverify bago ko sya magamit?


Elvin September 15, 2015 at 12:26 pm

Hi, Therese!

I am not familiar with the TIN ONLINE application. (Edit) I asked someone working in BIR, kailangan daw syang i-verify.


Donna October 5, 2015 at 3:46 am

Hi i want to open an acount sa col but the only id i have is a postal id pwd kya un… And ung tin ko nakaaddress sa dati pa naming bahay… Ok lng kya? Tnx and more power!!!!


Elvin October 5, 2015 at 7:27 am

Hi, Donna.

You can try submitting the requirements. As far as I know, postal ID is acceptable since it is a government-issued ID.

Na-eedit naman kasi ang address sa COL once nagkaroon ka na ng account.


Frances November 4, 2015 at 2:06 am

Hi sir! Tanong ko lang po, kaka-18 ko lang po kasi and currently a student of Financial Management and gusto ko po matry maginvest, required po ba kumuha agad ng TIN? And about po sa government issued IDs, hindi ko pa po kasi napaparenew yung passport ko and i dont have Philippines Driver’s License, SSS ID (1999 credit card type only), GSIS ecard plus, Professional Regulation Commission (PRC) ID, Comelec Voter’s ID. Dun po ba pwede gamitin yung school ID? Thank you po 🙂


Elvin November 4, 2015 at 7:25 am

Hi, Frances!

Yes. Currently nirerequire na nila ang TIN, although some readers are sharing their experience na hindi naman agad hinahanap (to follow daw). As for the government issued IDs, dun pwede gamitin ang school ID.


mercy March 4, 2016 at 10:46 pm

Hi, Elvin!
I’m planning to open a trading account at Col, I’m ofw currently based here in Taiwan. I just wanna ask, can I access all the features and and platform tools of Col even using a mobile smartphone when doing trading transaction?
Cause I don’t have personal computer.


Elvin March 6, 2016 at 3:30 pm

Hi, Mercy!

You can access some basic features and platform of COL using a mobile phone, both for android and iOS. Just login to your account using any mobile browser (browser, chrome, firefox, safari, etc). Or you can download COL app, by logging in to your account using your mobile phone then click Downloads, then follow the installation instructions.

However, it may be difficult to read charts and graphs if you’ll do technical analysis because it might be too small and some phones are not compatible with java applications.


mercy March 7, 2016 at 10:48 pm

Hi! Elvin,

Ah, okay I got it. Thank you so much for your response.

God bless us all.


Elvin March 8, 2016 at 7:34 am

Hi, Mercy. No problem. Happy investing. 🙂


Cha April 2, 2016 at 10:55 am

Hi Elvin!
Can i open multiple accounts in COL Financial? I already opened an individual account last January and now I and my husband are planning to open a joint account with me as the principal ( I have complete docs to submit) and he as the secondary. In the future, we are planning to have an ITF for our child. Is it okay to have a lot of accounts with them?


Elvin April 3, 2016 at 8:16 pm

Hi, Cha.

Yes. Multiple account is possible. 🙂


Francis April 25, 2016 at 9:50 pm


I am an OFW who’s planning to invest in stock market. I want to open an account but I don’t have a TIN number. I hope you could help me go through the requirements.

More power to COLFinancial!


Elvin April 26, 2016 at 6:45 pm

Hi, Francis!

You really need to secure TIN first, it is a requirement from COL. You may try asking COL if they can process your account without TIN. You may reach them at .


Grace Cedeno May 17, 2016 at 12:14 am

good evening,

I am a college student,18
how can i apply for an account if i don’t have TIN?
I don’t even have a job. I am dependent on my parents’ money.

Is it possible if i’ll just make an account using their names but i will take hold of their account?


Elvin May 17, 2016 at 10:00 am

Hi Grace,

It would be best to create your own account. TIN is required but I think you can pass the application without it. My niece applied for a COL account before and got approved. She was also 18 back then. She does not have a TIN until now because she’s not yet working. But recently, COL is asking for her TIN. This was more than a year ago. Hindi ko na lang kung gaano sila kastrict ngayon.


claire July 1, 2016 at 11:46 pm

hi im planning to invest sa stocks market for a long term.may question ako mas safe ba un n wag kong ibenta ung stocks ko khit anong mangyari? khit bumaba xa ng husto? pag bumaba ba xa may possible ba n umakyat ulit ung price nia?

ps: icoconsider prin b ng col financials ung application ko khit wala akong billing statement at bank statement? hope you answer me thnk you more power


Elvin July 2, 2016 at 4:54 pm

Hi, Claire.

Before investing I suggest that you read more about it first or better yet, attend seminars facilitated by COL. Para mas maintindihan mo kung ano ang pinapasok mo.

But to answer your question, walang kasiguraduhan ang movement ng stock market, pero generally, stock market is increasing. Take note of the term “generally”. The price can go up or down depending on a lot of things.

As for the billing statement and bank statement, it is COL’s requirement. So, in that sense, you have to have one.


alfredo m.vivas August 10, 2016 at 3:43 pm

Magandang araw po..tanong q lng po kung bumili aq stocks,bili ng bili pero hindi po nagbebenta,tumutubo ba un stocks q?plano q po na mag invest na agad asap pero parang matagal pa bago ko malaman lahat…learn while you earn and earn while you learn…salamat po


Elvin August 11, 2016 at 11:22 am

Hi, Alfredo.

It depends on the stock price at that particular time. Kaso kung hindi mo sya ibebenta, hindi pa sya realized na profit.

To illustrate, for example, bumili ka ng lupa worth P10M (cash payment). After ilang years, nagappreciate ito to P15M. Hindi ka kikita not until ibenta mo yung lupa mo. Ganoon din sa stocks.


Clarisa August 24, 2016 at 9:00 pm

Hi po,

Tanong ko lang po iba po kasi yung account name ko sa col account and zero balance p dn ung account though i funded it. And when i tried to buy stocks it appeared that my account is not yet enrolled.

Hope you could help me on this.

Thanks and God bless!


Elvin September 30, 2016 at 7:17 am

Hi, Clarisa.

I am not sure if this is fix or not, but it would be best to raise your concern to COL directly. Please email your concern to


Anna Morales October 16, 2016 at 3:27 pm

Hi po:)
Ask ko lang po kung required po ba talaga yung TIN kahit student pa lang po. Thank you po:)


Elvin October 22, 2016 at 9:54 am

Hi, Ms. Anna.

TIN is required. However, my niece applied for a COL account while she was still student, that was a couple years ago. That time, her application was granted. Naibigay nya yung TIN nung nakakuha na sya. You can submit your requirements and indicate that you are still a student.


Jun December 9, 2016 at 9:14 pm

Hi. My son is interested in opening an account to be able to trade stocks. He is 25 years old and is not working yet since he is a medical student. He does have a valid passport but does not have a TIN. Can he open an account ? we are willing to provide him with seed money for trading.


Elvin December 27, 2016 at 8:14 am

Hi, Jun.

I am not sure how strict COLFinancial now but a couple years ago, my niece was able to apply for a COL account without a TIN. She was 18 back then. You may try opening an account for your son.


Leon December 25, 2016 at 11:12 pm

Sam question with sir jun

Student with all requirements except tin was denied by bir due to I have no work also tried online


Elvin December 27, 2016 at 8:16 am

Hi, Leon.

See my reply above (Anna Morales and Jun).


Kevin January 10, 2017 at 8:54 pm

Sir clarify ko lang po. di naman po required ung Tin form diba? tin number lang po pero no need to send any tin forms form bir.? wokring po ako and i have tin number na


Elvin January 12, 2017 at 11:46 am

Hi, Kevin.

Yes. TIN number lang naman ang kailangan.


Daniel June 15, 2017 at 3:17 pm

Good afternoon sir Elvin! your post was so helpful and thought-provoking. I do want to open an account at COL Financial but I’m still a fourth year student in the Bible School and right after I graduate, I cannot have a TIN number since pastors/ministers aren’t taxed. So to speak, is there still a chance for me to open an account? Thank you and God bless us all.


Elvin June 15, 2017 at 5:13 pm

Hi, Daniel.

Thank you very much for appreciating my post. For your question, applicants for a COL Trading Account must be at least 18 years old upon application as required by local regulators. If the applicant is a minor, a parent or legal guardian who is of legal age may open an In Trust For (ITF) account for the child. An ITF account is technically an individual account of the parent as primary account holder until the minor turns 18 years old. Until then, ITF accounts will only reflect the primary account holder’s name together with the initials ITF since he/she is the only one with legal capacity to enter into contract.


Mike July 4, 2017 at 11:19 am

Ask ko lang po sa pag fill up ng form. Ano po ilalagay kapag STUDENT sa Additional Information??


Yay September 24, 2017 at 1:51 am

Student pa po kase ako and I want to invest po sa stock market. Sa 5K na po yun pwede ko na po ba yun mapalaki since minu-minuto po nagbabago ang presyo nung stocks for ex. po eh pag bumili po ako ng 0.050 tapos po after 30minutes eh naging piso na po yung presyo niya eh pwede ko na po bang ibenta? Tapos po syempre may commission na po tayo dun tapos bababa ulet yung presyo nung stocks at bumili nanaman po ako, kikita po ba ako sa ganoong paraan? Mahaba haba pa po kase yung tatahakin kong landas patungong pagiging college graduate at yung perang natabi ko eh kesa naman po tumatambay sa banko eh sa stocks ko nalang po ilalagay. Ano po masasabi niyo kuya. Salamat po kung reresponde po kayo sa comment ko.


June October 23, 2018 at 3:04 pm

Hello Sir,

Such a great post you have! Thank you for spreading the knowledge to all the people who wants to have cashflow.

I have a question and need some advice.
I’m a filipino living in Japan.
Im very much interested in investing stocks in the Philippines, and I choose COL financial as my brokeage platform, however I don’t have any local bank accounts in the Philippines.

From what I read on COL financial’s website, they only accept local banks (such as BDO, BPI and Metro bank).

I’d like to open soon but I don’t think that is possible. this will take a very very long process, since I have to open local bank account to link in COL financial platform.

Do you have any advice to people like me who wants to invest, on how to open a local bank account from abroad?
What would be the steps?

Thank you in advance and more power to you all!

Respect from Tokyo, Japan!


Elvin November 2, 2018 at 8:20 am

Hello, June.

According to COL’s website regarding opening a COL account (https://www.colfinancial.com/ape/Final2/home/open_an_account.asp), you really need to visit the Philippines to submit all the requirement or you can ask your relatives here in the Philippines to do it for you.

As to funding your account, as far as I know, COL partnered with iRemit so that Filipinos abroad can invest in the PH stock market through COL.


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