Quote:
Originally Posted by despi_dynasty
Hi all
I opened cscs with my broker. During the time I was expecting my trade alert, my phone with sim card got missing. After two weeks, I got a new phone and did welcome back to recover my missing number. After that, I asked my broker about the cscs, he said it had been completed. He asked me if I did not recieve my trade alert, I said no to him that my phone got missing with my sim card during the expectation period. He said ok, that is enough to be the reason I did not recieve it. I visited him and he offered me my cscs ac number, but failed to tell me how I will confirm it. neanwhile, I gave him my Oceanic cert to put it into my cscs once he verified it.
It was after every thing had been concluded that it came into my understanding that this man may be lacking computer know how. He only succeed in mouth-washing traders who also does not know much about stocks. I have ask him a lot of question about stock, he failed to give me a reliable answer. Infact with what I have seen so far, I can easily conclude that I know more than he do.
Because of this very augly trend, I made a change to a new broker who told me it does not matter if I change broker. Since then I went ahead trading with this very new one.
The job of broker to me is only to verify my certs and sell. I do the buy myself. Till I am reach enough to trade from the floor, then shall they come in.
About three weeks ago, I gave this very new one my access cert and the cscs number opened by the former broker to verify and put it into my cscs.
Then last week wednesday, I received trade alert telling me that my cscs had been registered on NSE/CSCS trade alert. Hence I will be alerted on all my buy/sell transacts.
But did u know what? The CSCS ac I recieved in this very alert happened to be a different one intirly.
I have ask the present one if he opened a new account for me, he said no. Although I did not pay him to open me a new one.
So, my fellow investors, this is how it went. If I go ahead to tell what I pass through with the first broker, it will look as if I am giving you a job to keep on reading without payment. So please, What should I do about these cscs ac?
thanks.
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Your story is kinda not too clear, but let me just chip in what i think i understand from everything
First, u can have 1 clearing house no and numerous account no depending on the no of brokers u have. The deal is this, as an individual its advisable according to CSCS to have 1 clearing house no, with dat clearing house no u can view all ur account nos with as many brokers as u have, make changes dat cascades to all ur accounts with different brokers e.g change of address
Secondly, i dont think ur second broker can/ or would verify ur cert. on ur first broker's acc no., meaning if u verified thru him u might have the same clearing house no but a new account no showing ur holdings with ur new broker.
Thirdly, u dont need to open a CSCS account by paying a broker, its automatic as long as u have lodge any unit of ur shares with CSCS,
u dont need to pay any fees or charges to open a CSCS account, i suggest u visit the CSCS website for more info about opening an account, clearing house no and account nos.