Conditional Orders 101

What are Conditional Orders?

Conditional orders allow you to execute strategies like cutting losses and buying on breakout automatically.

They set a trigger on when your Limit Order is sent to the exchange based on the stock’s Last Traded Price. If a stock falls below a certain point, sell! If it rises above a resistance level, buy!

How do Conditional Orders work?

There are two parts to every Conditional Order:

  1. Limit Order: This is under the “General” tab. Everything related to order execution is filled up here.
  2. Condition: This is under the “Conditional Order” tab. Everything related to order timing is filled up here.

Once your Condition is met by the stock’s Last Traded Price, the Limit Order is immediately sent to the Exchange.

How fast are Conditional Orders processed?

Our platform  triggers orders INSTANTLY once the condition is met!

In our experience, it takes less than 1 second from when your condition is met to when the system sends your order to the exchange. Try it out!

How do I set my Conditional Order?

There is always a risk that the market moves too quickly before your order is executed. Luckily, there are ways to minimize this!

For example, you would like to Sell 1,000 shares if the price ever goes below P10

Example 1:
General Order: Sell 1,000 shares at P10
Condition: if Last Traded Price is less than or equal to P10

Outcome: If the price touches or goes below P10, you will have an order to sell strictly at P10 or better. No art of your order will be executed below P10. If the market gaps down from P10.01 to P9.80, no part of your sell order will be executed. 

Example 2:
General Order: Sell 1,000 shares at P9.00
Condition: if Last Traded Price is less than or equal to P10.

Outcome: If the price touches or goes below P10, you will have an order to sell at P9.00 or at any price better than that. Your order will be tried to be sold at the best possible price. In our example, it will try to sell at P10, then P9.99, then P9.98 and so on until P9.00 (your limit order). If the market gaps down from 10.01 to P9.80,  you will be executed at P9.80 (not P9.00!)  provided there is enough volume at that bid price.

By setting your General Order lower than your Condition trigger,  you maximize the chance that your order is executed.

What happens if there is not enough volume at my price?

Lets take the following example:

General: Sell 1k shares at P9.50
Condition: If price is less than or equal to P10
Market Bid Depth: 
800 shares at P10
1,000 shares at P9.90

Your order will be executed so that you get the best possible price. Your order is executed to sell  800 shares at P10, and the remaining 200 shares at P9.90.

Why was my Conditional Order rejected after being triggered?

There are 3 scenarios where your order might be rejected:

  1. Not enough funds for a Buy Order
  2. Not enough stocks in your existing portfolio for a Sell Order
  3. During the Trading-At-Last* phase (3:20pm-3:30pm) of the PSE

*During the Trading-At-Last phase, the PSE will only accept orders that exactly match the day’s closing price. If a stock’s price at 3:15pm is P10.00  and then closes at P10.50, any Limit Order that is not equal to P10.50 will be rejected. 
Do you have any video tutorials?
Yes we do! Check out our YouTube channel!

Account Opening

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Sign up here! We will send you your password via email once we are done processing your application.

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We just need a couple things:

  1. A complete and signed registration form
  2. Scanned copies of any 2 valid government-issued IDs, such as your:
    • Passport
    • Driver’s License
    • Digitized SSS ID
    • GSIS E-Card
    • OWWA ID
    • Postal ID
    • Senior Citizen’s ID

Additional requirements:

  • Resident Foreign Citizens: Alien Certificate of Registration or a work permit provided by DOLE
  • Non-resident Foreign Citizens: Photocopy of valid passport

How do I submit my forms?

Regulations require that all new accounts submit the original, signed copies of all required forms. We unfortunately cannot accept scanned copies yet.

Please deliver or mail the documents to:

  • AAA Southeast Equities, Inc.
  • Ayala Tower One and Exchange Plaza, Unit 1511, Ayala Avenue corner Paseo de Roxas, Makati City 1226, Philippines

How much is the minimum balance to open an account?

P20,000 is the minimum balance required to open an account.

When can I start trading?

Once all required documents are submitted and the initial deposit is made, you will be able to trade within 1 or 2 working days.

How do I transfer stocks from another broker into my AAA account?

Once your account with AAA is opened, you may transfer any stocks you have with another broker into your account with us.

Just  instruct your other broker to transfer the specific stocks and their quantity to AAA Southeast Equities. Kindly email us their written confirmation of your request at support@aaa-equities.com.ph, and we will begin the process.

Each transfer costs P75 per stock issue, regardless of quantity, and will be charged by both brokers involved in the transfer. The fee AAA charges can be deducted automatically from your account, provided that there is a sufficient cash balance. Please allow 1-2 working days for this transfer to complete.

How do I open a Corporate Account?

For corporate accounts, we require the following:

-SEC Registration Certificate
– Articles of Incorporation and By-Laws
– Board Resolution authorizing opening of account
– Secretary’s Certificate setting forth the names & signatures of officers authorized to operate the account
– Latest Audited Financial Statement
– Latest General Information Sheet

Account Funding

How do I fund my account?

You may fund your account through any of our 3 partner banks:

  • BDO
  • Metrobank
  • Unionbank
  • BPI

You can find detailed instructions on our Funding page

Note: Please indicate your Legal Name and AAA Username to ensure timely crediting to your account.

What if my bank isn’t on the list?

You can deposit with cash or check at any of our partner banks. Or use Instapay/Pesonet transfers though your bank’s online platform into our BPI account:

ACCOUNT NUMBER:   2591-0121-29

IMPORTANT: please send a picture/screenshot  of your deposit slip/confirmation to support@aaa-equities.com.ph to ensure the timely crediting of your account!

What are the fees associated with funding?

  Online Over The Counter
Unionbank FREE P10
Metrobank FREE P50

Account Withdrawals

How do I withdraw my funds from AAA Equities?

  • Funds can be deposited directly into your bank account, or be picked up as a check from our office by you or an authorized individual.
  • Print, fill out, and sign our Withdrawal Request Form.
  • Scan the form and email to support@aaa-equities.com.ph
  • An email will be sent as confirmation once the Withdrawal Request Form is processed

When can I withdraw my funds?

Any unused cash reflected in your portfolio can be withdrawn at any time. Proceeds from sales of stock are eligible to be withdrawn 3 days (T+3) after the day of sale.



What are Conditional Orders?

Conditional Orders let you automatically execute stop losses and buy-on-breakout strategies. It is a very powerful tool that lets you trade exactly as you plan to.

The “condition” is when you want your order to trigger. For stop losses,  your order should trigger at a price below the market’s last traded price. For buying-on-breakout, the trigger should be above the market’s last traded price.

What are the fees with stock trading online?

As promised, we charge the lowest commissions possible. Here’s a breakdown of where those fees are going. 

We’ve included an example on the right side of what to expect after selling 1,000 shares at a price of P100 per share, for a gross trade value of P100,000:

  % Fee P100k Gross Trade Example
Commission 0.25% (P20 min) P250
VAT on Commission
12% of comm P30    (12% of P250)
PSE Transaction Fee 0.005% P5
SCCP Fee 0.01% P10
Sales Tax 0.6% (SELL orders only) P600 (SELL orders only)

Account Maintenance

I forgot my password – what do I do?

Please email support@aaa-equities.com.ph or call 403-2927. After validation, we will send your new password to your registered email address.

Contact Us

How do I contact AAA Equities?

  • You may email us at support@aaa-equities.com.ph
  • Or call 8-403-2927
  • Or visit us at our office in Ayala Tower One, Unit 1511, Ayala Ave cor Paseo de Roxas, Makati City

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