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Efficient investment bank/stock broker
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samito
#1 Posted : Saturday, December 27, 2008 7:59:00 PM
Rank: Member


Joined: 9/7/2008
Posts: 4
Hallo SK members,

Could you advise which bank/stock broker you have found to be efficient and effective in acting on instructions sent by email ?

Am asking about this because for a person who travels a lot e-mail seems the main link with their stock market dealer since there is no time to visit their offices to issue instructions not forgetting that time is of the essense when it come to volatile stocks/shares.

Blessed festive season !


Cherish Yesterday,Live Today,Think Tomorrow
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Johnah
#2 Posted : Monday, December 29, 2008 7:57:00 AM
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Joined: 11/27/2006
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Hello all?

My vote goes to Faida. Have used them for over three years now and no drama. You may try them out.
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doh
#3 Posted : Monday, December 29, 2008 8:32:00 AM
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Joined: 4/15/2008
Posts: 58
NIC Capital but u have to sign a disclaimer. Go to Hilton Branch. Good mature service.

info is money
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Sober
#4 Posted : Monday, December 29, 2008 8:38:00 AM
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Did you say NIC capital?

A likely impossibility is always preferable to an unconvincing posibility.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Why lie?
#5 Posted : Monday, December 29, 2008 10:35:00 AM
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I use AA..African Alliance and so far no disppointments at all...After moving from another broker

The truth shall set you free
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doh
#6 Posted : Monday, December 29, 2008 11:30:00 AM
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Yes NIC Capital Sober. What ur reservations about them ?

info is money
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$Billz
#7 Posted : Monday, December 29, 2008 11:33:00 AM
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Joined: 5/22/2008
Posts: 12
Dyer and Blair,

I have used their online system for the last one year. Very efficient,i place the order myself into the system. I do not have to issue instructions and risk them not being carried out.


Make the money
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kirgit
#8 Posted : Monday, December 29, 2008 2:28:00 PM
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Joined: 2/27/2008
Posts: 4
I also use D&B online system. Downside is that you cannot cancel your order and yu'll have to wait until expiry of the order. After expiry your funds are not credited back to your online account...... and u cant re-order online. Therafter you have to email.
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samito
#9 Posted : Monday, December 29, 2008 9:38:00 PM
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Joined: 9/7/2008
Posts: 4
Shukran SK friends for your valuable information.

@ Kirgit,after you e-mail them do they deposit the funds back in the account for use to buy other shares or what happens ? How long does this take them ?

@ Kirgit,@$billz,do you find their website reliable ? At time it does not work or have they improved of late ?

@ Johnah,where is Faida located ?




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kirgit
#10 Posted : Tuesday, December 30, 2008 5:25:00 AM
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Joined: 2/27/2008
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The funds will be in their system but not online. After emailing an order takes 1-3 days to conclude,depending on your terms and the market. Their new website is also very reliable and am able to log in online daily.
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Sober
#11 Posted : Tuesday, December 30, 2008 9:11:00 AM
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Joined: 11/27/2007
Posts: 3,604
Head office: Windsor house 1st floor on university way- muindi mbingu street junction.

They also have a branch on fedha towers 7th floor on the same muindi mbingu street.

Faida investment bank also have branches in mombasa and in thika.

A likely impossibility is always preferable to an unconvincing posibility.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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samito
#12 Posted : Monday, January 05, 2009 10:27:00 PM
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Joined: 9/7/2008
Posts: 4
Hallo Skerians,hope 2009 is treating you well so far.

I do not mean to waste your time by bringing up this topic again.

I finally got my user name and password from D & B after waiting for almost a week.

Their home page opens well but when I try to login in the page turns out to be mteja ! Do you guys experience same/similar problem ?

I think its better to swtich my CDS account to a broker with a more reliable website otherwise cannot do stocks transaction from a distance..

Any other broker with a reliable website besides NIC Bank ? Just looking for more options/choices before I act...

Ahsanteni..


Cherish Yesterday,Live Today,Think Tomorrow
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mtafutaji
#13 Posted : Tuesday, January 06, 2009 6:02:00 AM
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Joined: 7/30/2008
Posts: 25
@ samito

I have used D & B for a while without any problem,but it seems like their system has been down since yesterday.
http://www.mnkenyan.com
Visit the site and share your experience and opinion at our blog or discussion forum.
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Djinn
#14 Posted : Tuesday, January 06, 2009 8:13:00 AM
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Joined: 11/13/2008
Posts: 1,565
I agree with Johnha - Faida Stocks is good - once you have an account,you can track your statements online (www.faidastocks.com)and make buy/sell orders by email. I would recommend gibson@faidastocks.com (Gibson Wachaga).

No offence to our women folk,but pls no one settle for any women brokers there - from experience with two of them,they move slower than growing grass. I once lost abt Kshs 10 on many ARM shares in a day when they did not execute a sell order fast enough.

The problem with equality is that we desire that it be with those that have more than us rather that those that have less
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Gideonboots
#15 Posted : Tuesday, January 06, 2009 8:28:00 AM
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Joined: 12/27/2006
Posts: 17
CFC Financial

Hand that Giveth Receiveth
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Douvante
#16 Posted : Wednesday, January 07, 2009 5:36:00 AM
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Joined: 5/14/2008
Posts: 55
@Djinn

I actually made an inquiry at faida through mail and it is the same Gibson Wachaga who responded to my querry,i think once i move there he will be the guy i shall be dealing with.
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Kamaa
#17 Posted : Wednesday, January 07, 2009 8:26:00 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
d & b are not bad...have dealt with them for sometime...

lately i am using aaks and i find them more friendly... for every activity you receive an alert.

Behind every successful man is a surprised woman...
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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saitoti
#18 Posted : Wednesday, January 07, 2009 10:01:00 AM
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Joined: 4/16/2008
Posts: 157
@ kamaa,or anyone for that matter. pardon my ignorance. please clarify what you mean by aaks.

WE ARE ONE UNITED KENYA.
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flipthecoin
#19 Posted : Wednesday, January 07, 2009 12:19:00 PM
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Joined: 7/3/2007
Posts: 20
@Sai; African Alliance Kenya Securities
I concur with kamaa on this.

want dramatic change;do dramatic stuff
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samito
#20 Posted : Sunday, January 11, 2009 5:04:00 PM
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Joined: 9/7/2008
Posts: 4
@ kirgit,@ $billz

I have managed to login into my CSDC account through the D&B website and i see it has many of the goodies one would ask for ....menus/window for placing order,checking order status,viewing statement,CDS valuation,CDS holdings etc.

After expiry of the order for example for buying shares,do they credit your account with shares bought or you have to email for them to do that and also to credit the balance of funds back into account if any? Or do the funds float in their system only when you sell the shares where thereafter you have to e-mail for them to credit proceedings of sale into CDS account?

@ All SK friends,

Considering that share prices may fluctuate several times in a day,from your experiences what is the best pricing mode for buying and selling shares : best market price or by specifiying the price ?

Shukran......










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