Here’s what you need to know about Maya Stocks
MAYA STOCKS – This article will teach you about Maya’s investment product that is available in the mobile app.
A Maya Stocks is a new investment product in the app that lets you trade stocks or shares of companies listed in the Philippine Stock Exchange (PSE) with the help of a stockbroker licensed by the Securities and Exchange Commission (SEC).
Keep in mind that you need an upgraded Maya account in order to access this investment product.
But how to open an account?
You may open an account with your preferred stockbroker by selecting the broker’s tile in the Stocks Marketplace page, leading you to the broker’s onboarding process.
The next step is that you need to complete all Customer Due Diligence (CDD) and Know Your Client (KYC) requirements of the partner broker. After submitting your application, please allow 1-2 business days for your account to be opened.
Once your account has been successfully opened, you will then be sent a notification to your email address.
Here are the benefits of using this investment product:
- Real-time funding to your broker cash account. You can transfer your funds in real time from your wallet to your broker cash account. Also, you can buy stocks immediately without waiting for any processing or clearing periods.
- Easy to start. You can open an account and invest in stocks directly with your broker in the app without tedious paperwork to slow you down. It may take you few minutes in order to get started and complete your onboarding with your preferred broker.
- Multiple broker partners. You can open an account with your preferred stockbroker. Also, you can try out which broker best suits your investment needs.
But who can use this investment product?
Keep in mind that you must have an upgraded Maya account and must also be 18 years old or more in order to start using this investment product.
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