Wazua
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My stock broker Rating
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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AA have been my broker on all regional exchanges in which I have held stock.. NSE, USE, RSE.. Very helpful all the time, working systems and with extremely beautiful servants
KQ ABP 4.26
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:guru267 wrote:Definitely Dyer and Blair. They do not have any disruptions to their online platform these days plus the ease of funding your account by MPESA makes it quite convenient for us diaspora investors. The Dyer&Blair tool is good, not upto standard but fair enough. However, if for example you have not traded for 6months and you happen to be abroad you will be locked out and asked to prove your source of funds before trading. Now the back and forth in this verification is a headache everyone wants to protect their information but D&B does not guarantee that. As an example, they want you to send these docs to some email why not facilitate the uploading of the same? Well... I wonder how if mama mboga deals with them. Then the server is almost always out. Customer service is often non responsive and when they do they are very generic and not helpful. Advise from a user.....shop around until Jimnah pulls up his socks. I haven't experienced anything you're talking about. I am in the diaspora and when my account became inactive all I had to do was complete a reactivation form and send to their email. Nothing about source of funds. They are very responsive whenever I raise an issue and over the last one year I do not remember a day that the system was down without prior notice and I trade practically every day. Jimnah has already stepped up his game in my opinion Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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guru267 wrote:murchr wrote:guru267 wrote:Definitely Dyer and Blair. They do not have any disruptions to their online platform these days plus the ease of funding your account by MPESA makes it quite convenient for us diaspora investors. The Dyer&Blair tool is good, not upto standard but fair enough. However, if for example you have not traded for 6months and you happen to be abroad you will be locked out and asked to prove your source of funds before trading. Now the back and forth in this verification is a headache everyone wants to protect their information but D&B does not guarantee that. As an example, they want you to send these docs to some email why not facilitate the uploading of the same? Well... I wonder how if mama mboga deals with them. Then the server is almost always out. Customer service is often non responsive and when they do they are very generic and not helpful. Advise from a user.....shop around until Jimnah pulls up his socks. I haven't experienced anything you're talking about. I am in the diaspora and when my account became inactive all I had to do was complete a reactivation form and send to their email. Nothing about source of funds. They are very responsive whenever I raise an issue and over the last one year I do not remember a day that the system was down without prior notice and I trade practically every day. Jimnah has already stepped up his game in my opinion When was that? Try going inactive in 2019 "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:guru267 wrote:Balaa wrote:murchr wrote:guru267 wrote:Definitely Dyer and Blair. They do not have any disruptions to their online platform these days plus the ease of funding your account by MPESA makes it quite convenient for us diaspora investors. The Dyer&Blair tool is good, not upto standard but fair enough. However, if for example you have not traded for 6months and you happen to be abroad you will be locked out and asked to prove your source of funds before trading. Now the back and forth in this verification is a headache everyone wants to protect their information but D&B does not guarantee that. As an example, they want you to send these docs to some email why not facilitate the uploading of the same? Well... I wonder how if mama mboga deals with them. Then the server is almost always out. Customer service is often non responsive and when they do they are very generic and not helpful. Advise from a user.....shop around until Jimnah pulls up his socks. Customer service is definitely the difference maker. Used to be with D&B until I ditched them in 2013 for lack of responsiveness and repeatedly being bought for shares that I'd never ordered. Moved on to NIC Securities and was allocated a very responsive so-called wealth manager until she left in 2018. Her successor's service is terrible to say the least, and I wonder whether it's worthwhile shopping around as these brokers also do change employers fairly frequently. Another problem I've experienced when changing brokers is with the migration of my portfolio. For example, when I migrated from D&B to NIC, the latter did not recognise the share acquisition cost and it ended up distorting my subsequent ABP. Very unprofessional as I have to maintain supplmentary records to ensure accurate record keeping. What to do? You need to maintain your own ABP records. Your money belongs to you and not your broker roho safi  It's like expecting an agent to set the rental price.. How much do you rent the units? Let me ask my agent.. 😁😁 The system should have the buying price for it to pass the efficiency test. Currently, any stock bought before 2011 has no BP and from balaa's post it clearly shows that CDSC does not pass that data to your new broker. That is inefficiency. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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murchr wrote:obiero wrote:guru267 wrote:Balaa wrote:murchr wrote:guru267 wrote:Definitely Dyer and Blair. They do not have any disruptions to their online platform these days plus the ease of funding your account by MPESA makes it quite convenient for us diaspora investors. The Dyer&Blair tool is good, not upto standard but fair enough. However, if for example you have not traded for 6months and you happen to be abroad you will be locked out and asked to prove your source of funds before trading. Now the back and forth in this verification is a headache everyone wants to protect their information but D&B does not guarantee that. As an example, they want you to send these docs to some email why not facilitate the uploading of the same? Well... I wonder how if mama mboga deals with them. Then the server is almost always out. Customer service is often non responsive and when they do they are very generic and not helpful. Advise from a user.....shop around until Jimnah pulls up his socks. Customer service is definitely the difference maker. Used to be with D&B until I ditched them in 2013 for lack of responsiveness and repeatedly being bought for shares that I'd never ordered. Moved on to NIC Securities and was allocated a very responsive so-called wealth manager until she left in 2018. Her successor's service is terrible to say the least, and I wonder whether it's worthwhile shopping around as these brokers also do change employers fairly frequently. Another problem I've experienced when changing brokers is with the migration of my portfolio. For example, when I migrated from D&B to NIC, the latter did not recognise the share acquisition cost and it ended up distorting my subsequent ABP. Very unprofessional as I have to maintain supplmentary records to ensure accurate record keeping. What to do? You need to maintain your own ABP records. Your money belongs to you and not your broker roho safi It's like expecting an agent to set the rental price.. How much do you rent the units? Let me ask my agent.. 😁😁 The system should have the buying price for it to pass the efficiency test. Currently, any stock bought before 2011 has no BP and from balaa's post it clearly shows that CDSC does not pass that data to your new broker. That is inefficiency. Well said @murchr. (And ah yes, as a guy who professionally works with numbers - for the last 20+ years- I always kept my records) If it don't make dollars, it don't make sense
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Balaa wrote:murchr wrote:obiero wrote:guru267 wrote:Balaa wrote:murchr wrote:guru267 wrote:Definitely Dyer and Blair. They do not have any disruptions to their online platform these days plus the ease of funding your account by MPESA makes it quite convenient for us diaspora investors. The Dyer&Blair tool is good, not upto standard but fair enough. However, if for example you have not traded for 6months and you happen to be abroad you will be locked out and asked to prove your source of funds before trading. Now the back and forth in this verification is a headache everyone wants to protect their information but D&B does not guarantee that. As an example, they want you to send these docs to some email why not facilitate the uploading of the same? Well... I wonder how if mama mboga deals with them. Then the server is almost always out. Customer service is often non responsive and when they do they are very generic and not helpful. Advise from a user.....shop around until Jimnah pulls up his socks. Customer service is definitely the difference maker. Used to be with D&B until I ditched them in 2013 for lack of responsiveness and repeatedly being bought for shares that I'd never ordered. Moved on to NIC Securities and was allocated a very responsive so-called wealth manager until she left in 2018. Her successor's service is terrible to say the least, and I wonder whether it's worthwhile shopping around as these brokers also do change employers fairly frequently. Another problem I've experienced when changing brokers is with the migration of my portfolio. For example, when I migrated from D&B to NIC, the latter did not recognise the share acquisition cost and it ended up distorting my subsequent ABP. Very unprofessional as I have to maintain supplmentary records to ensure accurate record keeping. What to do? You need to maintain your own ABP records. Your money belongs to you and not your broker roho safi It's like expecting an agent to set the rental price.. How much do you rent the units? Let me ask my agent.. 😁😁 The system should have the buying price for it to pass the efficiency test. Currently, any stock bought before 2011 has no BP and from balaa's post it clearly shows that CDSC does not pass that data to your new broker. That is inefficiency. Well said @murchr. (And ah yes, as a guy who professionally works with numbers - for the last 20+ years- I always kept my records) Keeping your numbers and soft copy of contract notes is key for your own good as well as defense when the tax man calls
KQ ABP 4.26
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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cyruskulei wrote:Of the list below of our stock brokers, which one would you rate the best and worst in terms of customer care and support, execution of orders (online/offline), etc
Stock brokers List
1. Suntra Investment Bank Ltd
2.Sterling Capital Ltd
3.Renaissance Capital (Kenya) Ltd
4.SBG Securities Ltd
5.Securities Africa Kenya Limited
6.Standard Investment Bank Ltd
7.Faida Investment Bank Ltd
8.Francis Drummond & Company Limited
9.Genghis Capital Ltd
10.KCB Capital
11.Kestrel Capital (EA) Limited
12.Kingdom Securities Ltd
13.Ngenye Kariuki & Co. Ltd. ( Und
er Statutory Management)
14.NIC Securities Limited
15.Old Mutual Securities Ltd
16.ABC Capital Ltd
17.African Alliance Securities
18.AIB CAPITAL LTD
19.ApexAfrica Capital Ltd
20.Barclays Financial Services Limited
21.CBA Capital Limited
22.Dyer & Blair Investment Bank Ltd Of the above list, has anyone here dealt with Kingdom securities and whats your take on them. I seem to be inclined to them though not sure. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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cyruskulei wrote:cyruskulei wrote:Of the list below of our stock brokers, which one would you rate the best and worst in terms of customer care and support, execution of orders (online/offline), etc
Stock brokers List
1. Suntra Investment Bank Ltd
2.Sterling Capital Ltd
3.Renaissance Capital (Kenya) Ltd
4.SBG Securities Ltd
5.Securities Africa Kenya Limited
6.Standard Investment Bank Ltd
7.Faida Investment Bank Ltd
8.Francis Drummond & Company Limited
9.Genghis Capital Ltd
10.KCB Capital
11.Kestrel Capital (EA) Limited
12.Kingdom Securities Ltd
13.Ngenye Kariuki & Co. Ltd. ( Und
er Statutory Management)
14.NIC Securities Limited
15.Old Mutual Securities Ltd
16.ABC Capital Ltd
17.African Alliance Securities
18.AIB CAPITAL LTD
19.ApexAfrica Capital Ltd
20.Barclays Financial Services Limited
21.CBA Capital Limited
22.Dyer & Blair Investment Bank Ltd Of the above list, has anyone here dealt with Kingdom securities and whats your take on them. I seem to be inclined to them though not sure. Nightmare in terms of turn around time and sorting out your issues. Systems is another story for another day. 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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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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Angelica _ann wrote:cyruskulei wrote:cyruskulei wrote:Of the list below of our stock brokers, which one would you rate the best and worst in terms of customer care and support, execution of orders (online/offline), etc
Stock brokers List
1. Suntra Investment Bank Ltd
2.Sterling Capital Ltd
3.Renaissance Capital (Kenya) Ltd
4.SBG Securities Ltd
5.Securities Africa Kenya Limited
6.Standard Investment Bank Ltd
7.Faida Investment Bank Ltd
8.Francis Drummond & Company Limited
9.Genghis Capital Ltd
10.KCB Capital
11.Kestrel Capital (EA) Limited
12.Kingdom Securities Ltd
13.Ngenye Kariuki & Co. Ltd. ( Und
er Statutory Management)
14.NIC Securities Limited
15.Old Mutual Securities Ltd
16.ABC Capital Ltd
17.African Alliance Securities
18.AIB CAPITAL LTD
19.ApexAfrica Capital Ltd
20.Barclays Financial Services Limited
21.CBA Capital Limited
22.Dyer & Blair Investment Bank Ltd Of the above list, has anyone here dealt with Kingdom securities and whats your take on them. I seem to be inclined to them though not sure. Nightmare in terms of turn around time and sorting out your issues. Systems is another story for another day. Thanks for your input. Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: New-farer Joined: 12/13/2018 Posts: 29
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Please avoid Kingdom Securities like the plague. They do not respond to queries and they operate like a bad govt. office.
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