Here are the corresponding fees for using Maya Stocks
MAYA STOCKS FEES – This article will teach you about the corresponding fees for using Maya’s investment product.
This investment product lets you trade stocks or shares of companies listed in the Philippine Stock Exchange (PSE) in the Maya app with the help of a stockbroker licensed by the Securities and Exchange Commission (SEC).
But what are the corresponding fees for using Maya’s investment product?
The corresponding fees for using Maya’s investment product are Broker Fees and Platform Fees.
What are Broker Fees?
Broker Fees are charged by your broker every time you trade your stocks in your account with them. There, you will see a breakdown of those fees every time you input a trade order with your broker.
In addition, those fees are charged as a percentage that is based on your trade amount. The net amount, on the other hand, is how much will be charged to you.
Broker Fees for buying stocks:
| Fee | Rate |
| Broker’s Commission | 0.25% or PHP 20, whichever is higher |
| VAT on Commission | 12% |
| Philippine Stock Exchange (PSE) Fee | 0.01% |
| Philippine Central Depository (PCD) Fee | 0.01% |
Broker Fees for selling stocks:
| Fee | Rate |
| Broker’s Commission | 0.25% or PHP 20, whichever is higher |
| VAT on Commission | 12% |
| Philippine Stock Exchange (PSE) Fee | 0.01% |
| Philippine Central Depository (PCD) Fee | 0.01% |
| Sales Tax | 0.6% |
You may also visit: Maya Stocks — How To Buy and Sell Stocks?
What are Platform Fees?
Platform fees are charged depending on which broker you maintain your account with. Keep in mind that the platform fees vary per broker.
| Broker | Fee | Rate |
| Philstocks | Deposit Fee Withdrawal Fee | 1% of deposit amount PHP 25 per withdrawal |
In order for you to start using Maya’s investment product, you must have an upgraded Maya account and must also be 18 years old or more. According to Maya, US persons are allowed to open their accounts with partner brokers of Maya Stocks.