How To Open An Account In COL Financial | The Investing Engineer

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How To Open An Account In COL Financial

This post will guide you how to open your stock broker account at COL Financial.

With so many similar inquires on my Facebook page asking about how to open an account in COL Financial, I decided to post my experience way back in 2015.

If you made the decision to invest and you’re looking for a broker, then I recommend COL!

In this guide, I will give you my detailed experience on how I opened mine with them online.

This guide is useful for those people who don’t have the time and means to visit their office directly especially OFWs and people swamped with work.

Let's begin!

Try COL Financial First If It's For You!

This is totally optional. In my case, I tried to see first if the platform is user-friendly.

I signed up for the free 7-day trial account. If you haven’t tried their platform first, I suggest you do it first.

Once you're satisfied, it’s time to decide to open a real account. You can do this both ways; 

  1. You can email them and tell them that you want to apply for one;
  2. Or wait for them to contact you and persuade you to apply now.

The latter happened to me. This is the excerpt of the email I got from them.

col financial
col financial

Of course, you don't have to wait for them to contact you. Fact is, you can directly call them or e-mail them of your intention to open an account even without a trial account.

Download, Print, Fill-Up And Submit The Application Forms

The email I received included attachments of the forms that I needed to submit. For your convenience, you can find the forms here. Download it, print it and fill it up and send it via e-mail.

Their representative, Ms. Camille, was assigned to my application. She asked me to include a scanned copy my valid IDs. Make sure that the photo and the signature in your IDs are clear.

I got this wrong the first time. The first one I sent was unclear. So she asked me to resend a clear copy.

I also included a scanned copy of my recent Internet and Cable TV bill.

After 3 days, she replied to my email with this;

col financial

I sent the hard copies thru LBC.

Fund Your Account

After 3 days, I got my COL Account number including instructions on how to fund it.

col financial

I also received a separate email from one of their account representatives with instructions on how to fund my account. Below is the screenshot;

col financial

It took a while to fund my account because I was short on money during that time.

On July, 15 2015, I finally made my deposit at BDO.

The next day, I scanned and sent the deposit slip at them to confirm my deposit.

The next day, I received this email;

col financial

And on the same day, I finally received my account activation details.

col financial

Conclusion

It took me 41 days for my application to get approved. But that’s because I hadn’t deposited the needed funds soon.

If no delays were made, you can finish the online application in less than a week.

If you're outside the Philippines, you don't have to worry as everything can be done online just like what I did.

And just to add, they are now requiring applicants for a short Skype/Facebook Messenger video interview. It's a standard they follow that they call KYC/AML (Know your customer / Anti-money laundering). That's just to make sure that they know who are they dealing with.

That’s it! I hope this guide may benefit you in any way it can.

If your COL account is ready and want to find out what good stocks to buy, then I would like to invite you to join the Truly Rich Club.

Truly Rich Club will give you all the tools that you need to invest right. You can learn more about it here.

If you have any more questions, leave them in the comments below.

Happy investing!

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