Choosing/Rating Stockbroker

[jumyj]

Originally Posted by Apache

My contact's name at Lead Capital is Kayode Akinjogbin and his numbers are 08061660086, 07028040021

I think you can use the same CHN number but i suspect it might be a long process. I will advice you just open a new account with them and get a new CHN number. that's what i am currently doing with Zenith and Lead. Hope this helps

Thanks, will call him and go to their office next month when i'm in Niaja.

[Apache]

Originally Posted by jumyj

Thanks, will call him and go to their office next month when i'm in Niaja.

If you have decided to use Lead Capital, you can actually open an account with them without having to visit them or go to their office.
All the documents to be filled are on their website (click on "Open an Account") :: Welcome to LeadCapital Limited ::

Just download the forms, print it, fill it and attach your passport photograph where necessary, scan the filled forms and send them by email to Kayode and in a week's time you will get ur CHN and trade alert directly from cscs. (definitely, you will need to call him so that he is aware that you will be sending the documents by email)
He will provide you with their GTBank account where you can be remitting your monies, your online login details and you will see everything updated on their website.
I stay in lagos but when i was opening the account, i never visited their office. My account was opened just like i stated above but give Kayode a call so that he will tell you the additional documents you are to send (you will need to send a scanned copy of your driver's license and an utility bill)
His email address is kayode.akinjogbin@leadcapitalng.com
hope this helps

[jumyj]

Originally Posted by Apache

If you have decided to use Lead Capital, you can actually open an account with them without having to visit them or go to their office.
All the documents to be filled are on their website (click on "Open an Account") :: Welcome to LeadCapital Limited ::

Just download the forms, print it, fill it and attach your passport photograph where necessary, scan the filled forms and send them by email to Kayode and in a week's time you will get ur CHN and trade alert directly from cscs. (definitely, you will need to call him so that he is aware that you will be sending the documents by email)
He will provide you with their GTBank account where you can be remitting your monies, your online login details and you will see everything updated on their website.
I stay in lagos but when i was opening the account, i never visited their office. My account was opened just like i stated above but give Kayode a call so that he will tell you the additional documents you are to send (you will need to send a scanned copy of your driver's license and an utility bill)

hope this helps

Thanks will call him. What is their brokage charge for buying /selling.

[Apache]

Originally Posted by jumyj

Thanks will call him. What is their brokage charge for buying /selling.

Can't remember. Most of my heavy trades goes through Zenith bcos it's one of the cheapest.
When you call him, he will let you know. I have provided his email address in my initial post (reda it again bcos i just edited it)
Gotta run, have work to do

[topetrade777]

..Want to know the if its possible using more than one cscs no...that two or three stockbroker?

[solainvest]

Yes, you can.

For each stockbroker you have, they will open a different CSCS account for you.

If you have 2/3 stockbrokers, you will definately have 2/3 CSCS accounts.

You could also have multiple CSCS number in the same house depending on how you switch your names.

[panasharp]

Originally Posted by jumyj

Thanks will call him. What is their brokage charge for buying /selling.

Lead Capital charges approximately 2.355% on there buy transactions in the secondary market. I hope that helps.

By regulation, one can have multiple CSCS account number (all numeric) but should have only one CHN number (alpha numeric) irregardless of how many brokerage account the individual maintains. Stockbrokers are suppose to link each investor's account to a single CHN or be able combine them at investor's request. I am yet to find a stockbroker that does this either because the infrastructure is not in place or just a CSCS Ltd policy that was issued with no way of implementing it.

[invest2day]

Could you share your experience with Cash Craft? I am kind of curios because I have business interest with them. Thanks.

[NIAJAKID]

Originally Posted by invest2day

Could you share your experience with Cash Craft? I am kind of curios because I have business interest with them. Thanks.

Just read my thread about Stock Broker's mistake.

[BBH]

I have read many wonderful and "eye Opening" write-ups and Post In this Forum and quite Appreciate the openess and Spirit of been ones brothers keeper exhibited by all and sundry.However,I'am based abroad,and I Desire much to start Investing in the Stocks back home...i just want to know whether it is Mandatory for me to come over to Naija before I can open Account with Brokers and or Brokerage firm as Well as Invest in the Stock Market.
Thanks

[Apache]

Originally Posted by BBH

I have read many wonderful and "eye Opening" write-ups and Post In this Forum and quite Appreciate the openess and Spirit of been ones brothers keeper exhibited by all and sundry.However,I'am based abroad,and I Desire much to start Investing in the Stocks back home...i just want to know whether it is Mandatory for me to come over to Naija before I can open Account with Brokers and or Brokerage firm as Well as Invest in the Stock Market.
Thanks

@ BBH, It's not necessary you come to Naija to open a stockbroking account. If you read through my discussion with Jumyj on this same page you will see some steps i have outlined on how to open an account with some stockbrokers without having to be there. All you need is a good internet connection and a scanning machine Shikena!
If you are financially bouyant, i will advice you go for those firms that have very good online facilities. Firms like Zenith Securities, IBTC etc.

[Etoo]

I suggest that if you ever wanted a reliable stockbroking firm, opt for ZENITH SECURITIES. You might not find the most efficiency in any of our stockbroking firms but Zenith securities is aspiring to attaining that. Thanks

[kayone]

Pls can someone describe a good, reliable, registered and trustworthy stockbroker for me?

[solainvest]

Originally Posted by kayone

Pls can someone describe a good, reliable, registered and trustworthy stockbroker for me?

If you check the beginners questions section, you will find lots of answers to your question and the ones you have not even asked.
Find a link below. You are welcome.

http://www.stockmarketnigeria.com/fo...er-needed.html

[olkounts]

Originally Posted by Tummy98

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

I am with Lead Capital and there services is way way below average.
You have to chase before purchases are made and the website not updated promptly. The crediting the account is but the portfolio is 3 days old.

I am currently looking for another stockbroker.

[olkounts]

Originally Posted by Apache

Please delete Cash craft from your list. It's for your own good

Delete Lead Capital - can bet worst than cashcraft

[segundairo]

My advice to u is to be very careful. Many of these brokers will not remit money to you from sales of ur shares after 30 days or more of selling such security. I believe they trade with ur money for like 1 month and if ure not persistent some of them can keep ur money for like 2 months (centre point investment ltd is good example of such a coy)
Go for the established stockbroker ibtc, zenith capital, etc

[jumyj]

Originally Posted by olkounts

I am with Lead Capital and there services is way way below average.
You have to chase before purchases are made and the website not updated promptly. The crediting the account is but the portfolio is 3 days old.

I am currently looking for another stockbroker.

I am just about opening an account with them. Do you advise i look for another broker.

[BBH]

came accross this today.....and I belive the information could be of help to someone.......


"Cyber-fraudsters have launched a massive attack on the websites of two major banks in the country. The attack is believed to have resulted in the loss of million of naira by unsuspecting customers of these banks.
BusinessWorld Intelligence can reveal that the first bank to be attacked is among the top three banks’ websites in the last web jurist rating conducted by Phillips Consulting while the second one is among the top 11.
The banks were forced to shut down their websites temporarily after discovering the scam to prevent further damage and loss of money. One of the affected banks had in a quick response to the attack advised its customers as follows: “We wish to draw your attention to the circulation of scam e-mails by fraudsters requesting customers to update their accounts records by clicking on links to spurious internet banking websites. These mails also request customers to provide other sensitive information about their accounts and ATM personal identification numbers (PIN). If you have received such mails please ignore as they did not originate from us”. The bank also directed the affected customers to call some numbers for immediate redress.
The card details of thousands of bank customers were also recently stolen by a gang of fraudsters who hacked into some banks’ Automated Teller Machines (ATM) and made away with some unspecified millions of naira.
The hackers had recently gained access to the website of the Central Securities and Clearing System (CSCS)and posted some strange pictures and illustrations aimed at cloning the website for fraudulent means. There was prompt intervention by the organization which prevented what could have been a devastating occurrence in view of the massive activities in the capital market"..........

for more on this..yu can visit this link...Business World Intelligence | Economic Intelligence Delivered

[solademi]

I have UBA stock broking acccount which I am operating as a non resident Nigerian (based in UK) . However, I have asked them to buy Oceanic bank shares for me since about 9 working days ago and up till today this has not been effected. I previously askedthem to buy AIICO IPO which they failed to buy. Is this normal practice within stock brocking firms in Nigeria? Any reputable recommendation will be well appreciated. Thanks.