Open an Account - Meridian Securities, Inc.
Who are we?
Meridian Securities, Inc. is a member stock-brokerage firm of the Philippine Stock Exchange. It was founded in 1989.
What is Value Investing?
Value Investing is an investment philosophy pioneered by Benjamin Graham and David Dodd. It is focused on looking for companies that are undervalued by the market. As such, it involves buying companies that have low Price-to-Earnings, Price-to-Book Value and high dividend yields.
What is Fundamental Analysis?
Fundamental Analysis refers to analyzing the financial statements of a company, the industry and the overall economy. This analysis aims to determine the intrinsic value of the company to be compared with the market price.
What is Technical Analysis?
Technical Analysis refers to studying historical price movements and volume of a certain company and predicting the next move based on these data. This analysis aims to find the best entry and exit points in a stock for an optimal return.
How do I open an Account?
How do I open an account?
  • Step 1: Send in Necessary Requirements and Documents
    • Download and accomplish a Customer Account Information Form, Signature Specimen Cards and Online Trading Agreement.
    • Additional Requirements:
      • For Filipino Citizen
        • Photocopy of Two (2) government issued Identification cards
        • Tax Identification Number
        • Billing Statement
      • For Resident Non-Filipino Citizen
        • Photocopy of Alien Certificate of Registration or working permit from Department of Labor and Employment (DOLE)
        • Photocopy of any one (1) of the government issued identification cards
        • Tax Identification Number
        • Billing Statement
      • For Non-Resident Non-Filipino Citizen
        • Photocopy of any one (1) of the government issued identification cards
        • ID should be authenticated by Philippine Embassy or Consulate
        • Proof of Income certified by Employer
        • Tax Identification Number
        • Billing Statement
      • For Corporation
        • Photocopy of SEC Certificate of Registration
        • Photocopy of Articles of Incorporation
        • Photocopy of By-Laws
        • Photocopy of Latest GIS
        • Tax Identification Number
        • Latest Audited Financial Statements
        • Secretary's Certificate attesting to resolution authorizing Corporation to open an account with Meridian Securities, Inc. and listing authorized signatories
        • Photocopy of one government-issued ID for each authorized signatory
    • Submit personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
    • Or an Agent will meet you at a convenient place for youand collect the necessary documents.
    • Clients who are abroad will have to pass the necessary documents to a Meridian Securities Inc.'s partner financial institution abroad.

  • Step 2: Deposit fund on Account
    • Clients have to make a deposit at:
      • Account Name: Meridian Securities, Inc.
        Account No.: 003430266879
        Bank: Banco de Oro
        Branch: Ortigas / Exchange Road
    • After depositing, you may submit your deposit slip via:
      • Delivering personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
      • Emailing your deposit slip to clientservice@meridiansec.com.ph
      • Faxing at (632) 634-6937.

  • Step 3: Complete Sign-up Process
    • Upon confirmation of the receipt of funds, you will be emailed your unique Trading Account Number (TAN) and your unique Identification Code (IC) which you will use to complete the sign-up process.
    • Upon activation, you can now start trading.
How much is required to open an online trading account?
Minimum Initial Deposit is 25,000 PHP.
How much are the fees and charges?
  • Buying
  • Commission Fee: 1/4 of 1% of gross value or a minimum commission charge of 20 pesos
    VAT: 12% of commission fee
    PSE Fee: 0.01% of gross value
    SCCP Fee: 0.01% of gross value
  • Selling
  • Commission Fee: 1/4 of 1% of gross value or a minimum commission charge of 20 pesos
    VAT: 12% of commission fee
    PSE Fee: 0.01% of gross value
    SCCP Fee: 0.01% of gross value
    Sales tax: 0.50% of gross value
What time does the market start and end?
Market schedule is as follows:

Period Time Explanation
Pre-open Period 9:00am
to 9:15am
Clients can enter, modify and cancel orders but no matching happens
Pre-open No Cancel Period 9:16am
to 9:30am
Clients can enter but cannot cancel or modify orders while the opening price is determined
Market Open to Continuous Trading 9:30am
to 12:00pm
Orders are matched at the best price. Clients can modify or cancel orders as long as it has not been matched.
Market Recess 12:01pm
to 1:30pm
No matching occurs. Clients cannot post, modify or cancel orders.
Afternoon Session 1:31pm
to 3:17pm
Orders are matched at the best price. Clients can modify or cancel orders as long as it has not been matched.
Pre-close No Cancel Period 3:18pm
to 3:20pm
Clients can enter but cannot cancel or modify orders while the closing price is determined.
Trading at Last to Market Close 3:20pm
to 3:30pm
Clients can enter orders at closing price only.
I forgot my login ID, how do I retrieve it?
Clients who forgot their ID will have to contact us at (632) 634-6931 to 36 to get their username.
I forgot my password, how do I retrieve it?
Clients will have to click on the "forgot password" and follow the on-screen steps. They may also ask MSI to reset their password and a system generated password will be sent to their email.
Can I change my password and PIN?
Clients can easily change their Password/PIN as many times as they want. After they have signed in, click on the Change Password or Change PIN link found on the upper right hand section of the website.
Can I have a traditional account and an online account in Meridian?
Clients who wish to trade can only maintain either a traditional or an online account. Securities and Exchange Commission (SEC) suggest so to prevent wash sales.
Is there an account maintenance fee?
No, but each account should trade at least 480,000 PHP every six (6) months ending June and December.
What if I dont meet the minimum trade requirements?
Failure to trade with the minimum required trading activity will lead to suspension of account.
How can I add funds to my account?
Clients have to make a deposit at:

Account Name: Meridian Securities, Inc.
Account No.: 003430266879
Bank: Banco de Oro
Branch: Ortigas, Exchange Road

After depositing, submit the deposit slip thru either of the ff:
  • Submit personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
  • Email the scanned form to clientservice@meridiansec.com.ph
  • Fax at (632) 634-6937
How can I withdraw my funds from my account?
Clients who wish to withdraw funds have to fill up the Request for Funds Withdrawal Form and submit thru either of the ff:
  • Submit personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
  • Email the scanned form to clientservice@meridiansec.com.ph
  • Fax at (632) 634-6937
How can I reactivate my account?
Clients who wish to reactivate account should call the helpdesk at (632) 634-6931 and pay 1,200 PHP.
I have stock certificates of a listed company in PSE. How can I trade them?
Trading in the PSE is now in scripless form and certificates should be lodged in order to trade them. Stock certificates will be submitted to the transfer agent for clearing and then lodged to Philippine Depository and Trust Corporation (PDTC) which can take from a week to several weeks depending on the speed of processing.

Schedule of Fees for lodging are as follows:
  1. 100php transfer fee per stock
  2. 20php cancellation fee per stock certificate
  3. 12% VAT on transfer fee and cancellation fee

You may call (02) 635-6262 loc. 12, 13 to verify since some stocks require personal appearance at the stock transfer office.
How can I request for the stock certificate of my existing shares?
This process is called Upliftment. This process might take a minimum of 30 days depending on the issuer's Stock Transfer Office. You will need to fill out a Request for Stock Upliftment Form and submit thru either of the ff:
  • Submit personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
  • Email the scanned form to clientservice@meridiansec.com.ph
  • Fax at (632) 634-6937
Schedule of fees for upliftment are as follows:
  1. P250.00 per stock certificate regardless of the number of shares
How can I request for a certification of my holdings?
Clients who wish to request for certification have to accomplish a Request for Certification Form and submit thru either of the ff:
  • Submit personally at 2702-C, 27/F East Tower, Philippine Stock Exchange Centre, OrtigasCenter, Pasig City, M.M., Philippines.
  • Email the scanned form to clientservice@meridiansec.com.ph
  • Fax at (632) 634-6937