Thread: Stock Brokerage Firms In Panama

Here is a complete list of stock brokerage firms in Panama..


http://www.panabolsa.com/

{On the above website go to the left hand side of web page and click on investor guide, then choose stock exchange seats on the pop down menu, the list below will appear... By clicking on the firms name you will go directly to there web sites... Please make sure you click on english web site first above if it is applicable...

Stock Brokers List

WALL STREET SECURITIES, S.A.
(507) 205-1755 rolando.arias@wassa.com

MULTI SECURITIES, INC.
(507) 294-3500 ryau@multibank.com.pa


TOWER SECURITIES INC.
(507) 269-6589

MMG ASSET MANAGEMENT, CORP.
(507) 265-7600 jem@morimor.com

BANISTMO SECURITIES, INC.
(507) 270-1049/270-0015 raul.a.gasteazoro@hsbc.com.pa

INTERBOLSA PANAMÁ, S.A.
(507) 303-4700 andres.zuniga@interbolsa.com.pa

CITIVALORES, S.A.
(507) 210-5960 malcom.munoz@citigroup.com

BG INVESTMENT CO., INC.
(507) 303-8219/8037 ejimenez@bgeneral.com

MUNDIAL ASSESTS MANAGEMENT, INC.
(507) 225-2525 gfabrega@amundial.com

LAFISE VALORES (PANAMA), S.A.
(507) 340-9400 dciniglio@lafise.com.pa

GLOBAL VALORES, S.A.
(507) 206-2052 kchung@globalbank.com.pa

GENEVA ASSET MANAGEMENT, CORP
(507) 210-1430 geneva@genasset.com

VALORES CUSCATLAN PANAMA, S.A.
(507) 208-8300 rrengifo@panabank.com

HSBC SECURITIES (PANAMA), INC.
(507) 206-6369 fernando.a.barria@hsbc.com.pa

BAC VALORES (PANAMA), INC.
(507) 206-2700 afistonich@bacbank.com

BANCO NACIONAL DE PANAMA
(507) 505-2000 lzambrano@banconal.com.pa

CREDICORP SECURITIES INC.
(507) 210-1111 Ext 352 echong@credicorpbank.com
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Now I have found three more brokerage firms in panama that do not appear on the list above for some reason... The reason for this I am not sure of.... One is actually very well known.... Perhaps they are brokerage companies, but do not hold a seat on the Panama stock exchange.They are...

Thales Securites

http://www.thalessecurities.com/

and

Financal Pacific
http://www.investingpacific.com/index.shtml


and

Geneva Asset Management
http://www.genasset.com/en/index_en.htm

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Now I have a questions for the rest of you on here now...

Does anyone here have any experience with the above forms, and which do you prefer? Also which ones have the best rates for stock trades, and what are the rates?

Also how does one transfer stocks from one brokerage firm to another from diffrent countries?... Can it be done electronically?

Also can it be done be taking the actually stock certificate of a company {lets say Ford Motor Company} and then take it to a broker in Panama even though you bought the stock in another country, and use it to fund your account with... Do the brokers in Panama do this? Any one have any experince in this?

Last question is if any of the above brokers carry any kind of insurance if they happen to go broke while you have an account with them, and what is the coverage?

Thank to all that can help...

Are expats allowed to get demat accounts in Panama? i.e can I buy equities using a Panamanian demat account? I am having a demat account in Australia. Would like to buy some equities in Panama, if it is allowed.

Congratulations, ForexOnlineTrue, on your "great" job of completely destroying what used to be a pretty useful thread. Moderators, can't you PLEASE do something????

This is terrible

I didn't know this forum was intended for individual advertisment

I got it, everybody say WOOOO-Saaaaaaaaa.

Thanks to everybody that points out the spammers.

HI,

Stock brokerage firms are fastly developed in the panama,thank you for your information...

Thank you...

There are some more that arent mentioned on that list.

Smaller brokers that go through pershing.

Originally Posted by BEL-AIR

Now I have a questions for the rest of you on here now...

Does anyone here have any experience with the above forms, and which do you prefer? Also which ones have the best rates for stock trades, and what are the rates?

Also how does one transfer stocks from one brokerage firm to another from diffrent countries?... Can it be done electronically?

Also can it be done be taking the actually stock certificate of a company {lets say Ford Motor Company} and then take it to a broker in Panama even though you bought the stock in another country, and use it to fund your account with... Do the brokers in Panama do this? Any one have any experince in this?

Last question is if any of the above brokers carry any kind of insurance if they happen to go broke while you have an account with them, and what is the coverage?

Thank to all that can help...

Broker houses in Panama dont carry insurance just like the banks. However some broker houses don't receive any of your funds most will use a clearing house like Pershing which does offer more investor protection since they are based out of the USA. Its called SIPC and it insures up to 500k if your broker house goes out of business and they have your cash on hand. However it does not protect you from money you lose because of the market and it does not protect securities that dont go through the SEC.

Broker accounts can be done there has to be a form thats filled out to do it and it takes about 2 weeks to be done. I do have experience with this and have done it (worked private banking at a local bank and am still an independent wealth manager.)

Hope my 2 cents helped some what.