Choosing/Rating Stockbroker

[timothywill]

Originally Posted by tonyawo

Hi ALL,

Does anyone have any experience with Rostrum Invesment and Securities Limited? They are situated inside Dolphin Estate, Ikoyi. Thanks.

believe me among all the stock brokers i am using, i can 100% recommend Lead Capital to you, their efficiency is still far better than every other in terms of executing transaction, apart from that you can easily monitor your account, place order and also evaluate your porfolio on the net without going all the way to their office, well only if you just feel like seeing the beauty of Zenith building, you can stroll down but apart from that, i think i love their service, they have their shortcomings too but its less sustantial to the service they will render. Even thou i got to know them too late, i invested a little money with them and a huge with other inefficient ones, but with the little i invested, i just love the service.

[Maxigoody]

Originally Posted by Betiku Franklin Olugbenga

If you have your cscs account number i will suggest you contact the cscs office of the NSE for a summary statement of your account.
You are supposed to be getting a trade alert every time there is a transaction in your account.

I quite agree with you, but in addition , i think whenever you open a cscs account , you will be informed that your account has also been registered with the trade alert system.
Also for the benefits of the investing public i will advise we educate ourselves properly by spending more time in making researches on stockbrokers and their actual capabilities and not being sentimental 'cos you will have yourself to blame if you follow the bandwagon.
Kudos to the contributors to this forum.

[Maxigoody]

Originally Posted by Apache

Well, i was told 50k. I have paid it and i have gotten a CSCS number. I ahve also started buying already. so 50k it is.

Do you have any information on the said styockbroker, Leadcapital ?
I will be glad to know they can accept N50000 before an accopunt can be opened with them.

[Apache]

Originally Posted by Maxigoody

Do you have any information on the said styockbroker, Leadcapital ?
I will be glad to know they can accept N50000 before an accopunt can be opened with them.

Call this number 08061660086, 07028040021. The guy's name is Kayode Akinjogbin. He's my account officer.
I must confess that there services are very good. almost comparable to that of ZenSec

[youth_investor007]

am intrested

[dejino]

Originally Posted by Avocado

No, you don't.



Good point. That's why it's important to have the same banker as your stockbroker. That way, you take advantage of online banking to carry out transfers without problems. Intrabank transfers are now done at no fees at all, and online too.

.

I was just going through this thread (old thread but current problem! Moreover, l had not "discovered the jewel called SMN by this time) and that last line caught my attention (Interbank transfers are now done at no cost at all? )
My friend, l need to ask you the name of your bank. In buying FBN I.P.O, l did "online transfer from my account with GTB, to my broker's account (not even interbank o!), the charges are (=N=5 per MIL) i.e, for every thousand naira, they chuck N5 off you and you can imagine that end up to for over a million? On top of that, GTB charge VAT at .05% for all "online transactions" done within the month, even after paying the N5/mil! A case of 'double taxation'!
So please 'help m wih your Bank's name, its worth changing, if just for that reason, as l do a lot of online transactions.
Cheers

[panasharp]

Originally Posted by Apache

Call this number 08061660086, 07028040021. The guy's name is Kayode Akinjogbin. He's my account officer.
I must confess that there services are very good. almost comparable to that of ZenSec

Apache, I am in agreement with Lead Capital definitely are on top of things from use of technology and accessibility to their staff. Though they could do well with customer service, but I would recommend them anytime.

Originally Posted by dejino

I was just going through this thread (old thread but current problem! Moreover, l had not "discovered the jewel called SMN by this time) and that last line caught my attention (Interbank transfers are now done at no cost at all? )
My friend, l need to ask you the name of your bank. In buying FBN I.P.O, l did "online transfer from my account with GTB, to my broker's account (not even interbank o!), the charges are (=N=5 per MIL) i.e, for every thousand naira, they chuck N5 off you and you can imagine that end up to for over a million? On top of that, GTB charge VAT at .05% for all "online transactions" done within the month, even after paying the N5/mil! A case of 'double taxation'!
So please 'help m wih your Bank's name, its worth changing, if just for that reason, as l do a lot of online transactions.
Cheers

Dejino,
The =N=5 per thousand is charged by all banks on withdrawals either via transfer, check, or cash. It is not a fee charged only by GTB.

[Apache]

Originally Posted by dejino

I was just going through this thread (old thread but current problem! Moreover, l had not "discovered the jewel called SMN by this time) and that last line caught my attention (Interbank transfers are now done at no cost at all? )
My friend, l need to ask you the name of your bank. In buying FBN I.P.O, l did "online transfer from my account with GTB, to my broker's account (not even interbank o!), the charges are (=N=5 per MIL) i.e, for every thousand naira, they chuck N5 off you and you can imagine that end up to for over a million? On top of that, GTB charge VAT at .05% for all "online transactions" done within the month, even after paying the N5/mil! A case of 'double taxation'!
So please 'help m wih your Bank's name, its worth changing, if just for that reason, as l do a lot of online transactions.
Cheers

I think the question should be "does the bank charge COT & VAT for Online transactions".

[Gucci Rufus]

Originally Posted by bwalaman

Unfortunately agree with most of the postings… what to say???

But this general and common experience should caution us against short-term thinking, because while certain decisions are taken/made with a short-term horizon. The fact is that one waits 3-6 months for the certificate, another 1 – 3 months for verification etc…factor in the post office and brokers and the average runs into 12 months!

I am holding out hope that consolidation will improve things…

The comment made about CashCraft are just exactly what they are. I hope they change for better services.

I am still using them as my broker.

Thanks. Gucci

[Gucci Rufus]

The comment made about CashCraft are just exactly what they are. I hope they change for better services.

I am still using them as my broker.

Thanks.

[9jaGambare]

hi all,

this is my first post here and this is my experience.

Broker: Intercontinental Securities

Duration = less than 1 year
Communication = 3/5
Accuracy = 3/5
Speed of execution = 4/5
Online facility = N/A
Ease of Transfer = NA

I usually contact with the staff by email.
I personaly think they are "average".
I'm not saying that I'm not satisfied with them but since they don't have online service, I may be considering about change the broker.

So, here is my question;

Zenith Securities/FSDH...Which one is better?

[AkeemAde]

I just joined this forum today and was going through the messages when I stumbled on this.

I currently use Intercontinental Securities on 17th Floor Conoil building on the Marina. I am not getting a completely good service but I am tied to them because of the dictum ' you don't patronise a beans seller outside when your mother sell beans'.

However, if someone is abroad and is looking for a reliable stock broker I think Vetiva is a sure bet. They are a high profile investment management, stockbroking et all house. To open with them you need a minimum N1m and could go on. The website is Vetiva Capital Management » Passionately Professional. You might check it out and give them a call. It is my destination in the next couple of weeks.

Have a nice day

[JAYCEEZY]

Originally Posted by EIC

You can write a review of your stock broker on our blog at...

Stockbroker Reviews : StockMarketNigeria.com > Nigerian Stock Exchange , Stock Market and Investment News, Stock brokers , Mutual Funds .

Stockbroker Reviews : StockMarketNigeria.com > Nigerian Stock Exchange , Stock Market and Investment News, Stock brokers , Mutual Funds .

this myt be deviating a bit from the major issue but do you know any stock broker that has the value investment approach. also what about meristem securities? has any one heard something about them

[sam milla]

i recently opened a new account with capital assets limited. i want to know if any body knows about them and how they operate before i fully join them.

[Ifeanyichukwu]

This is really a great idea. I trade a with STANWAL SECURITIES LIMITED, their website is; www.stanwalsecuritiesltd.com though i am not really in contact with them because i am not resident in Lagos. I hope to get a good one here in Onitsha whom i can have good relationship with. If any one have an idea of any good one should please let me know.

[chibiks]

Has anyone from abroad used Diamond Securities (a subsidiary of Diamond Bank)?

Are they professional? Do their account officers respond to emails within on time and do you have to keep calling and reminding before stock is bought? Contract notes sent by email?

How do they compare with other brokers?

Thanks.

[Tummy98]

Hi guys,

Thanks for this thread, it's been really helpful. I need any information on Regency Assets Management, I reside outside Nigeria and wish to register with a stockbroker. i was informed by a friend that they are able to open an account with as low as N20K. Their head office is at Investment House (1st Floor, Rear Wing), 21/25, Broad Street, Lagos.

Tel. 2668197,2668213,2668810
Fax. 01-2704198.
Website: Regency Assets Management Limited
Email: info@regencyng.com

thanks
Tummy98

[Tummy98]

Originally Posted by Apache

Call this number 08061660086, 07028040021. The guy's name is Kayode Akinjogbin. He's my account officer.
I must confess that there services are very good. almost comparable to that of ZenSec

Will contact him as well to find if they are able to assist investors outside Nigeria.

[hechie]

I just registered with a stockbroker and received a trade alert when i got a CSCS account. On the day i registered, i met two customers who complained of their inefficiency. I experienced same as i tried to reach them to obtain their clearing house no(CHN) last Thursday(20th of March) on their landlines. Only for me to call in today and be told to call bacl later. The stockbroking firm is Rostrum Investment and Securities Limited. Who has had an experience with them? Can i register with another Stockbroking firm using the same CSCS account details?

[hechie]

Originally Posted by ogo

Hi All,

I started trading 4yrs ago and I initial use Equity Securities Limited and the services I got then was very ok with a sound account manager they call 'The GURU' but after the merger with Intercontinental Securities i wasn't get good services at all even using the same account manager it took time to make transactions and forever to know your account balance and i think that was due to the change in banking software. Well as for last year things changed when my account manager and a few of the directors formed their stock broking firm called EQTL with a fully paid up capital of 350m and 3 branches in Lagos, Abuja and Kano. I presently make all tradings through EQTL and they haven't done badly. For now there is no minimum for account open and you dont have to pay for verification of share certificates, which I used to pay when I was using ISL. Online facility just started but you can only get you account balance and other services are yet to work but available on the site. Customer support is good and below would be my rating:

Stockbroker: Equity Capital Solutions Limited, EQTL
Website: :: Equity Capital Solutions Limited | A member of the Nigerian Stock Exchange ::
Duration: 1 years.
Communication: Previous/Present account Manager = 4.5/5
Speed of execution: 4.0/5
Accuracy: 4.0/5
Online Facility: 2/5
Alternative to online facility: 4.0/5
Customer Service: 3/5
Verification services: 4.0/5.0
Professionalism*: 4.0/5
Information dissemination: 2/5
Research: 3/5
Daily Data: 3/5

Can i get the number of a good account officer with this firm. Thanks a lot.