How to be a Licensed Stockbroker in the Philippines

How to be a Licensed Stockbroker in the Philippines

 

Did you consider pursuing a career as a stockbroker but you don’t know where to start? You might have heard and seen them portrayed in huge Hollywood movies such as Pursuit of happyness by Will Smith, Wall Street: Money never sleeps by Shia Labeouf, and The Wolf of Wall Street by Leonardo De Caprio, adding to the fascination. 

 

Just this month, a highly-anticipated Filipino movie Sid & Aya: Not a love story became a box-office hit in the cinemas across the country. I haven’t seen this film yet but I’ve received countless messages from  friends who were asking what exactly Sid (Dingdong Dantes) is doing. On what he does for a living. I can’t ceased their curiosity. It’s becoming everyone’s question; ”How to be like Sid”

 

Well, I can’t promise you a Maserati but I can give you a glimpse on how to become a stockbroker. 

 

 

Promising as it can be, being a stockbroker in the Philippines remains a mystery to a lot of people to this day. Many have thought that it is a career only for the elite and for financially-savvy. It is partly correct but anybody can dream to become one if you wish to. It is still one of the top-paying jobs which we rarely-heard. A very promising career.

 

As a matter of fact, there is a saying, “If you want to get rich, you either go to Hollywood as an actress, Silicon Valley as a geek in an IT company, or in Wall Street as a stockbroker”. 

 

So, what do you need to do?

 

You need to pass the examinations. Securities Exchange Commission (SEC) has amended the licensure exam format this year and typical feedback is that it is much harder this time with lower number of passers. This is not to scare you but this should give you a hint that you need to take it seriously. And yes, you should study harder.

 

Being a stockbroker is a highly-professional career and it requires certifications . There are two types of exams you need to pass; 

 

 

1. General securities exam (Phase 1)

 

fee: 500

65% passing score

120 items

schedule: Wednesday-Friday every week

venue: PICC Building, Vicente Sotto St, Pasay, Metro Manila

 

 

2. Specialized Certified securities representative exam (Phase 2)

 

fee: 9,500 with 2-days seminar

75% passing score

50 items

schedule: pre-arranged

venue: PICC Building, Vicente Sotto St, Pasay, Metro Manila

 

Note: Look for Ms. Abigail Camus

 

 

How to get started?

 

There are two ways you can do to apply for a job as a stockbroker. You can get your license first and apply to a reputable brokerage firm that has a vacant position since it is the main qualification. There are many brokerage these days that are looking for licensed brokers/traders.

 

Another thing, you can also apply to a vacant position even you haven’t completed your license/certifications. You can request to have the company sponsor you for your licenses and they will take care of it.

 

In addition, you should have enough experience in trading your personal account and you need to have sufficient knowledge in the capital market since it would be scrutinized during hiring process and before you can get the job. 

 

 

Begin your journey as a stockbroker…

 

 

 

 

DO YOU WANT TO LEARN A  GOOD TRADING STRAGEGY? READ THIS BLOG: THE POWER OF PARABOLIC: TRADING THE MOMENTUM.

 

DO YOU WANT TO LEARN TECHNICAL ANALYSIS? FUNDAMENTAL ANALYSIS? 

Book me a one to one session and let me coach you: text me 09475624107 or send me an email palengkekid@gmail.com

(If you are looking for a fund manager/stockbroker, you can also set an appointment with me.)

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