No More Minimum Commission Fee: GCash Makes Stock Market Investment Affordable
GCash, the country’s leading finance app, in partnership with AB Capital Securities Inc. (ABSCI), has lifted the ₱20 broker’s commission fee in GStocks PH in a bid to further boost retail investor activity in the local stock market. GStocks PH now offers a 0.25% flat commission fee on all buy and sell transactions – making it one of the first trading platforms to implement lower fees. This move follows the Security Exchange Commission’s (SEC) decision earlier in April to remove the minimum commission that stockbrokers may charge their customers for transactions below P8,000. This initiative aims to stimulate activity in the local stock market – aligned with a shared goal of developing the country’s capital markets and boosting economic growth. “With this move, investing in the stock market has been more accessible and affordable than ever before. Through GStocks PH, GCash aims to attract more retail investors, boost trading activity, and enhance user experience by offering more cost
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