Choosing/Rating Stockbroker - Page 10

Stockbear · #**181** (**permalink**) 24th November 2007, 08:48 PM

Quote:

Originally Posted by alanbow

I am begining to wonder if there is any really good Stockbroker firm in Nigeria. I think you just get lucky with some good account officers

As I said in an earlier post, I just initated my move to Zenith securities limited and I said I will come back in three months to share my experience, I did not need to wait that long.

I am now regretting the move. If there was a quick way to stop the move, I will be doing it now. I am still waiting to get my stock over, but even when I send a mail to the enquiries email, it takes a day to get a response and when i eventually complained bitterly, I got a response saying they have so many queries and I have to be patient in effect.

I sent a mandate since last saturday, it has still not been done. When i called yesterday, the Mandate was incorrectly copied from my email and I was told to wait till today as the "system" should do these things automatically. I was so furious that I fired off an email to the head of the stock broking unit.

I am still waiting for a response which may never come so even the big guys are not necessarily the good ones.

Somebody mentioned in the post earlier that you might have to get the MD of your current firm, the MD of the new firm to sign before you can move. That is exactly the case and even worse is that the DG herself needs to sign and approve each move I am led to understand. You also need to indemnify everybody before they sign so if you loose some of your shares in the electronic process, there is nobody accountable.

So the question is where does this really leave us, especially those of us abroad who cannot go and shout/ scream at thier offices?...

Apache: I hear you o

But why does have to be like this after paying 5M!!! That's the kind of service I expect from Cashcraft

Bman: What's up with your current brokers? Who are they and exactly what are you experiencing with them? Please share. Enlighten us.

bwalaman · #**182** (**permalink**) 25th November 2007, 09:55 PM

CKen- thanks for the info. There has been tons of info on Zenith and almost nothing on IBTC (talking on SMN, historically).

Stockbear- long time,
I am currently with Tiddo and plan to remain with them- trying to pick another broker. You know, back up.

bjluv · #**183** (**permalink**) 26th November 2007, 02:06 AM

what is the min. investment from Zenith and besides IBTC and Zenith. Are there any other good Stockbrokers with around N5o,ooo min. investment?

Taipan · #**184** (**permalink**) 26th November 2007, 08:43 AM

Quote:

Originally Posted by MISUC

Kindly advice me.Is anyone currently using UBA Stockbrokers?I am considering opening an account with them.I will really appreciate it if they can be rated with the method that has been used on this thread previously.

I got to start using UBA stockbrokers because of the Shareplus thing and right now, I must confess I've come to hate going to their office. They're too detached and sometimes give the impression that they're doing you a favour which has made me blow my top a number of times. Also, the hassle of geting to their floor in UBA building is like getting access into CIA headquarters!

I also use Capital Bancorp and I think I'm ok with their service. I'm able to make buy and sell orders by SMS and sometimes, I even make orders without depositing money and then pay later (of course, it could be because I've built a relationship with them over the years). It takes N100,000 to open an account and I could refer anyone interested to the person who handles my account so he/she could get a good start.
The major problem with them is that they have poblems executing small orders with limits - maybe they just abandon it - and I finally gave up on limits some time ago. They also do not have a good web presence.
But in all, I'm ok with their service.

Apache · #**185** (**permalink**) 26th November 2007, 10:15 AM

Quote:

Originally Posted by Stockbear

Apache: I hear you o

But why does have to be like this after paying 5M!!! That's the kind of service I expect from Cashcraft

Bman: What's up with your current brokers? Who are they and exactly what are you experiencing with them? Please share. Enlighten us.

@Stockbear
Didn't see this one, and really i don't have any response to it. What i say is limited to what i know and have experienced. The services that i get from Zen sec is exceptional for me but i can assure you that the day they mess up, you all will definitely know.
I think Alanblow (if he is still in this forum)can update us on happenings after this experience

c kenneths · #**186** (**permalink**) 26th November 2007, 01:01 PM

Quote:

Originally Posted by bjluv

what is the min. investment from Zenith and besides IBTC and Zenith. Are there any other good Stockbrokers with around N5o,ooo min. investment?

I was impressed by the grasp the folks I met at CSL stock brokers exibited at my meeting with them. Does anyone in the house use them? and how is their services like.

bwalaman · #**187** (**permalink**) 28th November 2007, 11:46 PM

What about Intercontinental Capital Markets Limited (ICML)-any opinions / experiences?

People we- SMN need to bring our force to bear and move towards 1-3 brokers. At times it is about leverage. If we can get 60% of active SMN members in 1-3 brokers, I think they might just listen to us...

So the Q? ICML...

pesadilla · #**188** (**permalink**) 30th November 2007, 08:03 PM

i use FSDH,so far no wahala.
good and very informative site.
5million to register.

Job · #**189** (**permalink**) 2nd December 2007, 04:55 PM

Can anyone give we the starter some borker names that accept less that N50,000 to register with them.

c kenneths · #**190** (**permalink**) 2nd December 2007, 05:12 PM

Try Solid rock securities, Eurocomm securities or Adonai securities.

FAVOUR OBIJIAKU · #**191** (**permalink**) 16th December 2007, 06:03 PM

Greetings to all.pls can somebody link me up with a reputable stockbroker in Abuja?

newton · #**192** (**permalink**) 16th December 2007, 06:42 PM

Vetiva, IBTC and Zenith securities all hav offices in Abuja, u can hook up wt them via their websites. But their minimum is a bit on the high side so be prepared

ezegold4wealth · #**193** (**permalink**) 17th December 2007, 08:23 AM

u ca go with cash craft asset management company,they r good,their contact info in abuja is ABUJA:
Theodak Plaza, Opposite National Hospital
Central Business Area
P. O. Box 8499 Zone 5 Wuse Abuja
Tel: 09-5232947, 09-5232218, Fax: 09-5232947
e-mail: abuja@cashcraft.com

bjluv · #**194** (**permalink**) 26th December 2007, 05:36 AM

Quote:

Originally Posted by bjluv

Does anyone have infos or experiences with Trust Yield Securities Ltd? I would like to know if they are realiable before I approach them and start to work with them. Thanks for your comments.

More info: http://www.trustyieldsecuritiesonline.com/

any info on this would be appreciated..folks back at home keep telling me it is a good broker but i wouldnt go that way until i hear enough about them...any info, pls!

newton · #**195** (**permalink**) 27th December 2007, 01:46 PM

I'd rather u use a broker wt a reputable name/backin of some sort even it it'll mean savin a lil more. Currently GT bank securities allow ppl to open an account wt a min of N50,000.

madeonline · #**196** (**permalink**) 28th December 2007, 11:51 AM

Stockbroking

Lissasara · #**197** (**permalink**) 29th December 2007, 07:22 AM

Amazing thread!Thanks a lot for providing such an awesome idea.

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