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.

stock broker needed!!

[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