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equity bank as broket
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Kingotore
#1 Posted : Sunday, February 23, 2014 1:31:46 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
Of late am disappointed with equity bank as my broker. I place order that not executed despite my price be favourable, only to be told the order never reached nairobi due to system, further more refund was a must follow to get it.when l calculate the loss of one such order of 5800 nic share at 58.50 is now 23000/=. Am at the village and when l think of online account they ask hundrend of hundrend of document.what can l do now
GOOD TO GREAT. KINGOTORE
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uchumi
#2 Posted : Sunday, February 23, 2014 1:46:23 PM
Rank: Member


Joined: 9/16/2006
Posts: 229
change to cfc stanbic
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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mwekez@ji
#3 Posted : Sunday, February 23, 2014 2:22:29 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Kingotore wrote:
Of late am disappointed with equity bank as my broker. I place order that not executed despite my price be favourable, only to be told the order never reached nairobi due to system, further more refund was a must follow to get it.when l calculate the loss of one such order of 5800 nic share at 58.50 is now 23000/=. Am at the village and when l think of online account they ask hundrend of hundrend of document.what can l do now


Simple, get them the KYC documents.
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brizzy
#4 Posted : Sunday, February 23, 2014 2:42:53 PM
Rank: New-farer


Joined: 4/23/2013
Posts: 14
Kingotore wrote:
Of late am disappointed with equity bank as my broker. I place order that not executed despite my price be favourable, only to be told the order never reached nairobi due to system, further more refund was a must follow to get it.when l calculate the loss of one such order of 5800 nic share at 58.50 is now 23000/=. Am at the village and when l think of online account they ask hundrend of hundrend of document.what can l do now


I have the same problem i had placed an order on 13th feb but they executed it on 21st feb almost a week later....
Sad Sad Sad Sad
The closer you look the less you see
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mibbz
#5 Posted : Sunday, February 23, 2014 2:45:29 PM
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Joined: 2/18/2011
Posts: 448
How about Kingdom securities of co-op bank? Co-op has a wide branch network and am sure they can reach you effectively.
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Kingotore
#6 Posted : Sunday, February 23, 2014 4:13:56 PM
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Joined: 12/27/2013
Posts: 87
Where can l get Kyc document@mwekezaji
GOOD TO GREAT. KINGOTORE
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sparkly
#7 Posted : Sunday, February 23, 2014 7:03:30 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
brizzy wrote:
Kingotore wrote:
Of late am disappointed with equity bank as my broker. I place order that not executed despite my price be favourable, only to be told the order never reached nairobi due to system, further more refund was a must follow to get it.when l calculate the loss of one such order of 5800 nic share at 58.50 is now 23000/=. Am at the village and when l think of online account they ask hundrend of hundrend of document.what can l do now


I have the same problem i had placed an order on 13th feb but they executed it on 21st feb almost a week later....
Sad Sad Sad Sad




Get a broker with an online trading system and do your trades real time.
Life is short. Live passionately.
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sparkly
#8 Posted : Sunday, February 23, 2014 7:06:48 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Kingotore wrote:
Where can l get Kyc document@mwekezaji


KYC =Know Your Customer, documents like ID copy, Bank Statement, utility bill etc
Life is short. Live passionately.
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Kingotore
#9 Posted : Sunday, February 23, 2014 7:55:37 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
I wish to have online but l dont have any bill paid bearing my name. Or there is one broker who use bank statement instead.
GOOD TO GREAT. KINGOTORE
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jawgey
#10 Posted : Monday, February 24, 2014 10:02:46 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
brizzy wrote:
Kingotore wrote:
Of late am disappointed with equity bank as my broker. I place order that not executed despite my price be favourable, only to be told the order never reached nairobi due to system, further more refund was a must follow to get it.when l calculate the loss of one such order of 5800 nic share at 58.50 is now 23000/=. Am at the village and when l think of online account they ask hundrend of hundrend of document.what can l do now


I have the same problem i had placed an order on 13th feb but they executed it on 21st feb almost a week later....
Sad Sad Sad Sad


Same problem here. esp with refunds. Am sure they still owe me a huge sum coz they dont even tell you the purchase price. gotta dump this broker asap!!
Seeing is believing
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Kingotore
#11 Posted : Monday, February 24, 2014 7:41:57 PM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
To know your purchase price just register to MY NSE PORTFOLIO and you will be able to follow your account and transaction. It just sh 580 per month
GOOD TO GREAT. KINGOTORE
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EndowGaze
#12 Posted : Tuesday, February 25, 2014 8:38:49 AM
Rank: New-farer


Joined: 10/2/2012
Posts: 21
Kingotore wrote:
I wish to have online but l dont have any bill paid bearing my name. Or there is one broker who use bank statement instead.


The bill doesn't have to be in your name, I opened mine with the name of he landlord. In addition give them your bank statement and they will be fine
Money is like manure. You have to spread it around or it smells. ~ J. Paul Getty
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ngapat
#13 Posted : Tuesday, February 25, 2014 8:49:44 AM
Rank: Member


Joined: 12/11/2006
Posts: 884
ION
Equity Bank seeks share of telco business
http://www.nation.co.ke/...8/-/y837fkz/-/index.html
“Invest in yourself. Your career is the engine of your wealth.”
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mlennyma
#14 Posted : Tuesday, February 25, 2014 9:29:40 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
It may be a case of ignorance to fail to know what prices your orders were executed since the cdsc has an automatic feedback system through sms number 22372 on any transaction affecting your shares.
"Don't let the fear of losing be greater than the excitement of winning."
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Kingotore
#15 Posted : Tuesday, February 25, 2014 9:49:58 AM
Rank: New-farer


Joined: 12/27/2013
Posts: 87
Equity bank going for full broker with online account in process.insider story. True or false who knows
GOOD TO GREAT. KINGOTORE
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jawgey
#16 Posted : Tuesday, February 25, 2014 10:38:49 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
mlennyma wrote:
It may be a case of ignorance to fail to know what prices your orders were executed since the cdsc has an automatic feedback system through sms number 22372 on any transaction affecting your shares.


Hadn't subscribed to that since earlier on I would request for the statements from the broker via email but off-late they've proved difficult to obtain. So I guess i'll just have to subscribe to the service.
Seeing is believing
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jawgey
#17 Posted : Tuesday, February 25, 2014 10:42:05 AM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Kingotore wrote:
Equity bank going for full broker with online account in process.insider story. True or false who knows


True. I have a correspondence with a staff member in the custodial dept and she indicated that the process is underway. We wouldn't know how long that will take though. About online account, I highly doubt.
Seeing is believing
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CASHFLOW202
#18 Posted : Tuesday, February 25, 2014 10:50:12 AM
Rank: New-farer


Joined: 4/6/2013
Posts: 95
Equity is an independent stock broker under Equity investments segment.They are good in my terms because if I have any queries I just call a lady called Ann and my issue is sorted immediately. Even the other brokerage firms experiences problems with system down time and crashing so the online platforms are not a heaven yet.
Monopoly was the industrial age money game and the name of the new game of money today in the information age is CASHFLOW
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mlennyma
#19 Posted : Tuesday, February 25, 2014 11:21:40 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
like now suntra online is down since yesterday and they don't seem to care when ngetich is not there
"Don't let the fear of losing be greater than the excitement of winning."
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Angelica _ann
#20 Posted : Tuesday, February 25, 2014 11:35:59 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
mlennyma wrote:
like now suntra online is down since yesterday and they don't seem to care when ngetich is not there

Call Antony, he will sort you out!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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