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CFC Stanbic Stock brokers
esther85
#1 Posted : Tuesday, October 12, 2010 1:35:16 PM
Rank: Hello


Joined: 10/1/2010
Posts: 4
Location: Nairobi
are these guys good?do they have online platform.....how good are they in issuing cheques?
underweight
#2 Posted : Tuesday, October 12, 2010 2:20:36 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
Their services are second to none. Their online service is also great. I've been with then since 1999 and I cant complain. They issue check T+3 and open cheque for up to 50K at a small fee. Search the web on the discussion on them. Or email me for more detail.
"A bad decision made now is beta that a good one made later!!"
TM
#3 Posted : Tuesday, October 12, 2010 3:16:00 PM
Rank: Member


Joined: 3/4/2008
Posts: 6
Lately, I tried to transact online, I was told it’s not possible unless I update my records and declare my source of income….. My money is lying in their account until I come town for records update.... Grrr d'oh! I requested to buy EQ when it was 19-20 now it’s > 25....Sad
underweight
#4 Posted : Tuesday, October 12, 2010 3:26:01 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
That an isolated case. Just fulfil the Kyc requirement and you are good to go!!!
"A bad decision made now is beta that a good one made later!!"
TM
#5 Posted : Tuesday, October 12, 2010 4:02:06 PM
Rank: Member


Joined: 3/4/2008
Posts: 6
underweight wrote:
That an isolated case. Just fulfil the Kyc requirement and you are good to go!!!


Thanks!
I Will do that, but it will force me to travel to Nairobi... n the current bull market will not wait
for me....
(I'm thinking of coming liquidate it and reinvest elsewhere...)
muganda
#6 Posted : Tuesday, October 12, 2010 4:12:03 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Much as I appreciate need for KYC, it takes the strong of heart to adhere fully at CFC Financial Services.
Sample for individuals:
--PIN certificate
--Utility bill to proove phsycial address
--Copy of bank statement/payslip to show source of income

Aiissh, I feel uncovered... smile What next, birth/marriage certificate?


qw25041985
#7 Posted : Tuesday, October 12, 2010 5:15:34 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
Cfc stanbic are good but their online trading platform is INSECURE. if i was to gain access to any onces account it wld just take me a matter of minutes and i reck havoc on the account.
They have totally refused to use SSL encryption on their online login page and its just a matter of time before somebody takes advantage of this open security flaw .
If you want to place an order just email them or phone them

BUT DONOT USE THEIR ONLINE TRADING PLATFORM...
Your future depends on your dreams so go to sleep !
Gordon Gekko
#8 Posted : Tuesday, October 12, 2010 5:27:12 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@qw, when did you last use CFC online? They are https. BTW the online orders now have a 7 day validity as opposed to previously when they expired at the end of the day of the order.
Borsenmakler
#9 Posted : Tuesday, October 12, 2010 6:53:10 PM
Rank: New-farer


Joined: 6/22/2010
Posts: 39
Location: Nairobi
qw25041985 wrote:
Cfc stanbic are good but their online trading platform is INSECURE. if i was to gain access to any onces account it wld just take me a matter of minutes and i reck havoc on the account.
They have totally refused to use SSL encryption

@qw, not even having access to ones account one can in "through" their system in 3 minutes tops, on top of that everytime one tries to login, it can take ages. A simple jscryption with a simple post/get method can solve that but their guys at IT are obviously asleep or do not care.
Spread love like violence.
jawz1
#10 Posted : Tuesday, October 12, 2010 7:01:21 PM
Rank: Member


Joined: 8/4/2008
Posts: 205
Location: Nairobi
Gordon Gekko wrote:
@qw, when did you last use CFC online? They are https. BTW the online orders now have a 7 day validity as opposed to previously when they expired at the end of the day of the order.


True; they have encypted security these days. Only problem is getting money deposited from CFC Stanbic HQ downstairs into my account at CFC Financial upstairs; it's been 1 week no progress yet. Called and was told to bring my copy of deposit slip to CFC Financial; ati their copy delays from the bank section! Nkt!
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
Gordon Gekko
#11 Posted : Tuesday, October 12, 2010 7:22:09 PM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
@jaws, why don't you just scan and send the thing?
jawz1
#12 Posted : Wednesday, October 13, 2010 11:41:43 AM
Rank: Member


Joined: 8/4/2008
Posts: 205
Location: Nairobi
@Gordon, did that yesterday but still waiting till now for account to be credited; sometimes can be very frustrating!
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
My 2 cents
#13 Posted : Wednesday, October 13, 2010 11:49:44 AM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,069
They are fantastic. I make an order online, and if the price is right, after 15/30 minutes I check again online and voila! The purchase/sale has been done.
jerry
#14 Posted : Wednesday, October 13, 2010 1:00:21 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@my 2 cents! In the past I've traded online with D&B in their better times and thought they had the best online trading platform. Are you sincere in your allegation of 15/30 minutes deals?
The opposite of courage is not cowardice, it's conformity.
wote
#15 Posted : Wednesday, October 13, 2010 1:16:27 PM
Rank: Member


Joined: 10/18/2007
Posts: 217
For those of you praising the services at CFC Stanbic Stock Brokers, poleni sana'' i used to be with them untill i discovered Kestrel Capital and African Alliance. Never looked back and even for free services i would never go back to CFS Stanbic stock Brokers.
PKoli
#16 Posted : Wednesday, October 13, 2010 1:29:30 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
wote wrote:
For those of you praising the services at CFC Stanbic Stock Brokers, poleni sana'' i used to be with them untill i discovered Kestrel Capital and African Alliance. Never looked back and even for free services i would never go back to CFS Stanbic stock Brokers.


How does Kestrel compare with African Alliance?
My 2 cents
#17 Posted : Wednesday, October 13, 2010 1:40:01 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,069
jerry wrote:
@my 2 cents! In the past I've traded online with D&B in their better times and thought they had the best online trading platform. Are you sincere in your allegation of 15/30 minutes deals?

Absoltely. If the price you have quoted is right.

You are not going to get a KCB share for 19bob in 15/30 minutes smile
wote
#18 Posted : Wednesday, October 13, 2010 4:36:43 PM
Rank: Member


Joined: 10/18/2007
Posts: 217
Pkoli. They are both very efficient and i do not have to pay upfront for them to effect my orders, all i do is send an SMS.And living abroad, Kestrel is even more advantagous since they accept payment in any covertable currency and you get billed for that day's rate without any commssion.While African Alliance will give their account number for you to wire them cash directly.(When i was with CFS Stanblic Finacial Services I had to send someone to deposit money or cheque at any CFS Stanbic Bank branch, then wait for them to credit your CDS a/c and then place your order.That process would between ten to fourteen days depending on whether its cheque or cash deposit)
PKoli
#19 Posted : Wednesday, October 13, 2010 4:45:56 PM
Rank: Elder


Joined: 2/10/2007
Posts: 1,587
wote wrote:
Pkoli. They are both very efficient and i do not have to pay upfront for them to effect my orders, all i do is send an SMS.And living abroad, Kestrel is even more advantagous since they accept payment in any covertable currency and you get billed for that day's rate without any commssion.While African Alliance will give their account number for you to wire them cash directly.(When i was with CFS Stanblic Finacial Services I had to send someone to deposit money or cheque at any CFS Stanbic Bank branch, then wait for them to credit your CDS a/c and then place your order.That process would between ten to fourteen days depending on whether its cheque or cash deposit)


Many thanks, I know Kestrel are also good at generating reports. They also poached a very nice analyst from African Alliance
underweight
#20 Posted : Wednesday, October 13, 2010 5:45:31 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
CFC STANBIC FINANCIAL SERVICES. Imagine I sold my Centum bonus Shares today at 25.25 and used the proceed to buy Mumias today at 11.00. How can you describe that? Swift I guess. The time lapse btn the transactions less than 1HRS. Men that was wonderful. They take it all.
"A bad decision made now is beta that a good one made later!!"
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