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Old 1st October 2007, 03:56 PM
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Default Stock broking firms with low minimun deposit

Hi,
I am a student, new to the market, and I don't know the broking firm to start with. Can anyone help with it? I want a stock broking firm with a minimun of N10,000 or low as the minimun deposit. Also, I will perfer one that has an office at Onitsha, because that is where I reside. Secondly, I had that some usually don't carry out buy/sell orders very well. Please exclude any of them, if you know, from the list.
Thank you
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Old 2nd October 2007, 04:23 AM
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If you are planning to invest with a capital of N10,000, it may be wise to consider IPO's or POs instead of the secondary market to optimize your investments. Here, at least for a start you do not require a stockbroker. If you do not have a personal relationship with a broker, it may be tough finding one that will accept N10,000 as minimum deposit.
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Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well.

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Old 2nd October 2007, 03:19 PM
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I already have bought stocks from the primary market, but I want to trade in the secondary market. Since not all POs are a good buy. I have 1000 units of FBN and 1000 units of the ongoing Dangote flour mills IPO. Would it be possible to open an account with it with a stock broker?
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Old 5th October 2007, 01:03 PM
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Default Hello!

Please guys, help me out on this issue. I need to know take a step foward and it all depends on your contributions. Thanks
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Old 5th October 2007, 01:17 PM
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I think a stock broking firm in Enugu, a neighboring town accepts that small amount, you should go to Eurocomm securities at Ogui road, near Bubbles to enqiure.

They are small and slow but you can manage them, they seem honest.
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