i think they should just be satisfied with the commissions......

Are you sure that all of them charge it?
I asked Suntra and SBG about it and they dismissed that.

This move is typical of some Kenyan businesses.

A company suffers low earnings/declining business and instead of increasing the value proposition for customers, it increases the price.

Anyone in Dyer and Blair should be worried. This is a sign that their solvency/ liquidity is not well and they may not even afford to take the Investment Banking licence next time.

I would have expected them to target bigger corporate accounts, do IPOs/ SIPOs etc (stuff that IBs make money from). OR put in place cost saving measures by using ICT, closing brick & mortar branches, engaging staff on performance basis.

@sparky its a all brokers

I'm with D&B and they are telling me that's not true. Are they lying?

NIC Securities is charging the Sh100 fee

There's nowhere to run to!

I have also called them,the lady on the phone doesnt know how people who dont trade regularly are supposed to be paying that 100/= monthly charge.

For instance, I only trade very rarely I might even trade once in three months....I dont maintain any cash with them I deposit exact amount for my trades most of the cases my balance is so little...so how will they deduct that monthly charge if I dont trade again.

Will the amount accumulate until I see debt collector on my door for a debt I did not sign for.

So how do they hope on getting this 100/-, after i've traded or every other month they'll be deducting 100/-

@ 2012, What do you mean by that?