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Best overall brokerage for stocks?
Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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It depends on what you want (solid research, good online trading platform, responsive brokers, pretty receptionists, etc.) and if you want stocks and bonds or just stocks. That said, I think Kestrel is probably the best overall but you have to have Shs 5 million minimum to open an account. Otherwise, I have used SBG and Dyer & Blair and both are pretty good. Cost across all brokers is similar, but some charge monthly account maintenance fees, so ask upfront. Just my opinion. Others will have their own preferences.
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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Rank: Hello Joined: 6/6/2016 Posts: 2 Location: Thika
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Does the broker guide you on what to buy/sell or the decision is all yours?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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researchfirst wrote:It depends on what you want (solid research, good online trading platform, responsive brokers, pretty receptionists, etc.) and if you want stocks and bonds or just stocks. That said, I think Kestrel is probably the best overall but you have to have Shs 5 million minimum to open an account. Otherwise, I have used SBG and Dyer & Blair and both are pretty good. Cost across all brokers is similar, but some charge monthly account maintenance fees, so ask upfront. Just my opinion. Others will have their own preferences. Btw the costs were reduced the other day...Let me look for them I post here...Yep Kestrel is solid but they work well for HNIs watu wadogo ka sisi...SBG is very ok but they are having a crazy staff exit,lost some very solid employees in the recent past...A.A used to be good not anymore... https://www.scribd.com/d...ent-Regulations-2016-pdfpossunt quia posse videntur
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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researchfirst wrote:It depends on what you want (solid research, good online trading platform, responsive brokers, pretty receptionists, etc.) and if you want stocks and bonds or just stocks. That said, I think Kestrel is probably the best overall but you have to have Shs 5 million minimum to open an account. Otherwise, I have used SBG and Dyer & Blair and both are pretty good. Cost across all brokers is similar, but some charge monthly account maintenance fees, so ask upfront. Just my opinion. Others will have their own preferences. Noted that SBG charge 100/- for every transaction over and above the normal charges, I am not sure they charge monthly fees. anyone with the list of all charges by SBG To Each His Own
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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maka wrote:[quote=researchfirst]It depends on what you want (solid research, good online trading platform, responsive brokers, pretty receptionists, etc.) and if you want stocks and bonds or just stocks. That said, I think Kestrel is probably the best overall but you have to have Shs 5 million minimum to open an account. Otherwise, I have used SBG and Dyer & Blair and both are pretty good. Cost across all brokers is similar, but some charge monthly account maintenance fees, so ask upfront. Just my opinion. Others will have their own preferences. Btw the costs were reduced the other day...Let me look for them I post here...Yep Kestrel is solid but they work well for HNIs watu wadogo ka sisi...SBG is very ok but they are having a crazy staff exit,lost some very solid employees in the recent past...A.A used to be good not anymore... https://www.scribd.com/d...nt-Regulations-2016-pdf[/quote] Thanks for that link, @maka. Very useful.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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SBG adopted agency model sometimes back. You will in essence be served by the likes of Centsavvy, Investax Capital etc. This might explain what @Maka noted with regard to staff turnover. On the other hand if you are tech savvy just use their online platform and you will never deal with a soul. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Hello Joined: 4/23/2016 Posts: 8
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snifadog wrote:Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks I strongly recommend Kingdom Securities..they have greatly improved their services by embracing technology. First,they have a very reliable OST platform. Second,its very simple to deposit your cds account via Mpesa and its updates automatically without contacting them.And lastly,alerts(sms and emails) for all transactions in your account......... Gone are the days when one had to make several calls and write many emails to be offered service.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Odiepe110 wrote:snifadog wrote:Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks I strongly recommend Kingdom Securities..they have greatly improved their services by embracing technology. First,they have a very reliable OST platform. Second,its very simple to deposit your cds account via Mpesa and its updates automatically without contacting them.And lastly,alerts(sms and emails) for all transactions in your account......... Gone are the days when one had to make several calls and write many emails to be offered service. Automatic update to CDSC account when loading through Mpesa happens across the board. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Hello Joined: 4/23/2016 Posts: 8
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Spikes wrote:Odiepe110 wrote:snifadog wrote:Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks I strongly recommend Kingdom Securities..they have greatly improved their services by embracing technology. First,they have a very reliable OST platform. Second,its very simple to deposit your cds account via Mpesa and its updates automatically without contacting them.And lastly,alerts(sms and emails) for all transactions in your account......... Gone are the days when one had to make several calls and write many emails to be offered service. Automatic update to CDSC account when loading through Mpesa happens across the board. Thanks for the update,However,please note for Kingdom the service is not more than three months old..But please also be free to mention what's exceptional about your broker to help our friend here.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Odiepe110 wrote:Spikes wrote:Odiepe110 wrote:snifadog wrote:Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks I strongly recommend Kingdom Securities..they have greatly improved their services by embracing technology. First,they have a very reliable OST platform. Second,its very simple to deposit your cds account via Mpesa and its updates automatically without contacting them.And lastly,alerts(sms and emails) for all transactions in your account......... Gone are the days when one had to make several calls and write many emails to be offered service. Automatic update to CDSC account when loading through Mpesa happens across the board. Thanks for the update,However,please note for Kingdom the service is not more than three months old..But please also be free to mention what's exceptional about your broker to help our friend here. Dyer and Blair are friendly and warm to clients. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Hello Joined: 4/23/2016 Posts: 8
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Spikes wrote:Odiepe110 wrote:Spikes wrote:Odiepe110 wrote:snifadog wrote:Hello,
What is the best overall brokerage for stocks on NSE? All the threads I have gotten through the search are more than 3 years old
Any recommendations?
Thanks I strongly recommend Kingdom Securities..they have greatly improved their services by embracing technology. First,they have a very reliable OST platform. Second,its very simple to deposit your cds account via Mpesa and its updates automatically without contacting them.And lastly,alerts(sms and emails) for all transactions in your account......... Gone are the days when one had to make several calls and write many emails to be offered service. Automatic update to CDSC account when loading through Mpesa happens across the board. Thanks for the update,However,please note for Kingdom the service is not more than three months old..But please also be free to mention what's exceptional about your broker to help our friend here. Dyer and Blair are friendly and warm to clients. Okay..that is a very subjective performance metric that is hard to substantiate...Atleast you could have vouched for their new smart phone trading app. http://www.businessdaily...8/-/grhp8lz/-/index.html
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Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi
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I called D&B over 5 times this week..no answer and no reply. I give up..same situation no answer no reply from NIC and AIB as well..the service is shocking. I will pigia Kingdom securities and see
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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snifadog wrote:I called D&B over 5 times this week..no answer and no reply. I give up..same situation no answer no reply from NIC and AIB as well..the service is shocking. I will pigia Kingdom securities and see Sunny Bindra complains about the service we get subject to as Kenyans...CBK is the same and many other govt institutions plus private co.s...its really sad. possunt quia posse videntur
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Rank: New-farer Joined: 7/6/2010 Posts: 25
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Try info@kingdomsecurities.co.ke they respond so first these days.
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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snifadog wrote:I called D&B over 5 times this week..no answer and no reply. I give up..same situation no answer no reply from NIC and AIB as well..the service is shocking. I will pigia Kingdom securities and see Try Faida investment too ... "You can't have everything. Where would you put it?" - Stephen Wright
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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tiriki wrote:Does the broker guide you on what to buy/sell or the decision is all yours? Some brokers will try to sell you on a given stock. Others with a research team will put out research with a recommendation (buy, hold, sell, etc.). In my opinion, take broker research as an input but not the deciding factor. Do your own analysis and invest accordingly if you can. If you can't, you are better off putting your money into a managed fund. Please do not take that as an insult, I am just trying to say that despite what you may see in this forum, picking winners is not easy. Don't risk money you can't afford to lose.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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researchfirst wrote:tiriki wrote:Does the broker guide you on what to buy/sell or the decision is all yours? Some brokers will try to sell you on a given stock. Others with a research team will put out research with a recommendation (buy, hold, sell, etc.). In my opinion, take broker research as an input but not the deciding factor. Do your own analysis and invest accordingly if you can. If you can't, you are better off putting your money into a managed fund. Please do not take that as an insult, I am just trying to say that despite what you may see in this forum, picking winners is not easy. Don't risk money you can't afford to lose. @Researchfirst I have 100% agreed to your advice. Own analysis can make you a fortune. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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Spikes wrote:researchfirst wrote:tiriki wrote:Does the broker guide you on what to buy/sell or the decision is all yours? Some brokers will try to sell you on a given stock. Others with a research team will put out research with a recommendation (buy, hold, sell, etc.). In my opinion, take broker research as an input but not the deciding factor. Do your own analysis and invest accordingly if you can. If you can't, you are better off putting your money into a managed fund. Please do not take that as an insult, I am just trying to say that despite what you may see in this forum, picking winners is not easy. Don't risk money you can't afford to lose. @Researchfirst I have 100% agreed to your advice. Own analysis can make you a fortune. @spikes Asante sana.
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