Wazua
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Best Stock Broker - as at October 2012
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Suntra am giving you my final chance,websites and online crashed last week and no word,tangaza inefficient,alot of shares i sold still crowd my account,system stopped updating trades only bids/asks are visible..be warned am on my way to sib. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mlennyma wrote:Suntra am giving you my final chance,websites and online crashed last week and no word,tangaza inefficient,alot of shares i sold still crowd my account,system stopped updating trades only bids/asks are visible..be warned am on my way to sib. If you are an active online trader, dont try sib. their system is a WIP, orders dont go direct to market and does not stream market data. For active online traders, CFCFS is the place.
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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@mwekezaji...thankyou my seniour "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/29/2011 Posts: 257
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Ok, say one would like to move their portfolio from one broker to another, say Suntra to CFCFS: What would the procedure be? How long does it take? Are there any charges/costs for such a move?  "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mwekez@ji wrote:BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only Just to know is 0.5M high networth?
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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earthvoice wrote:Ok, say one would like to move their portfolio from one broker to another, say Suntra to CFCFS: What would the procedure be? How long does it take? Are there any charges/costs for such a move? You will fill some cdsc forms at your current broker/investment bank to facilitate the switch They will tell you six weeks, but its more like 2 months. you will be charged around 250-500 bob for moving, from your cdsc cash balance The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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mwekez@ji wrote:BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only 500,000/- can't even buy you a room in a SQ is most neighborhoods. Kshs 0.5mn is not what it used to be... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/29/2008 Posts: 571
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500k is not "high net worth",but beer money/month for the high net worth people.Maybe ksh5m can start as the prevailing "minimum" balance for the high net worth.....
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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VituVingiSana wrote:mwekez@ji wrote:BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only 500,000/- can't even buy you a room in a SQ is most neighborhoods. Kshs 0.5mn is not what it used to be... I guess what @mwekezaji meant was that Kestrel does not accomodate wanjiku and her sisters and brothers "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: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:VituVingiSana wrote:mwekez@ji wrote:BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only 500,000/- can't even buy you a room in a SQ is most neighborhoods. Kshs 0.5mn is not what it used to be... I guess what @mwekezaji meant was that Kestrel does not accomodate wanjiku and her sisters and brothers ditto @murchr. By setting the floor, they locked out wanjiku and made a clear statement of the kind of client they want. @mlennyma, karibu senior wangu
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Rank: Member Joined: 1/29/2011 Posts: 257
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Aguytrying wrote:earthvoice wrote:Ok, say one would like to move their portfolio from one broker to another, say Suntra to CFCFS: What would the procedure be? How long does it take? Are there any charges/costs for such a move? You will fill some cdsc forms at your current broker/investment bank to facilitate the switch They will tell you six weeks, but its more like 2 months. you will be charged around 250-500 bob for moving, from your cdsc cash balance Thanks mkubwa! "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Member Joined: 2/15/2010 Posts: 134 Location: Kenya
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Aguytrying wrote:maka wrote:Aguytrying wrote:Cfc are good. my bankers cheque reflected the next day. pap.
customer care is excellent and responsive.
trading platform is more than you can ask for(except few hiccups- cant log in- very rarely). Im so happy with their service( almost emailed them to tell them) ..advantages of having a bank,with a brokerage arm.lakini hapo juu kuna mtu amezusha juu ya CFCFS did i also say they charge 1.87 commission, even trades below 100k. that person didnt even say their problem. I disagree... Online system ain't all that if fails a good 30% of the time. You have to change passwords every 15 days.That's 24 passwords in a year. In my case the system causes firefox to crash if password is wrong(to me this makes it malware). They charge up to 5%.I got the statements . KEEP OFF!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Aguytrying wrote:earthvoice wrote:Ok, say one would like to move their portfolio from one broker to another, say Suntra to CFCFS: What would the procedure be? How long does it take? Are there any charges/costs for such a move? You will fill some cdsc forms at your current broker/investment bank to facilitate the switch They will tell you six weeks, but its more like 2 months. you will be charged around 250-500 bob for moving, from your cdsc cash balance This is the most frustrating exercise that existed on the face of this earth there is a lso a possibility that you forms might be rejected a couple of times sijui wrong signature,they dont match,you filled it wrongly yet you were assisted by the former brokerage firm employees,it might even take more than the 2 months I believe they just frustrate you so that you give up on shifting possunt quia posse videntur
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Rank: Member Joined: 1/29/2011 Posts: 257
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DtheK wrote:Aguytrying wrote:maka wrote:Aguytrying wrote:Cfc are good. my bankers cheque reflected the next day. pap.
customer care is excellent and responsive.
trading platform is more than you can ask for(except few hiccups- cant log in- very rarely). Im so happy with their service( almost emailed them to tell them) ..advantages of having a bank,with a brokerage arm.lakini hapo juu kuna mtu amezusha juu ya CFCFS did i also say they charge 1.87 commission, even trades below 100k. that person didnt even say their problem. I disagree... Online system ain't all that if fails a good 30% of the time. You have to change passwords every 15 days.That's 24 passwords in a year. In my case the system causes firefox to crash if password is wrong(to me this makes it malware). They charge up to 5%.I got the statements . KEEP OFF! Eish! So for those doing plenty of online trading, that would leave Dyer and Blair as the best option? Haven't heard any complaints about them... plus @guru recommends them! "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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DtheK wrote:Aguytrying wrote:maka wrote:Aguytrying wrote:Cfc are good. my bankers cheque reflected the next day. pap.
customer care is excellent and responsive.
trading platform is more than you can ask for(except few hiccups- cant log in- very rarely). Im so happy with their service( almost emailed them to tell them) ..advantages of having a bank,with a brokerage arm.lakini hapo juu kuna mtu amezusha juu ya CFCFS did i also say they charge 1.87 commission, even trades below 100k. that person didnt even say their problem. I disagree... Online system ain't all that if fails a good 30% of the time. You have to change passwords every 15 days.That's 24 passwords in a year. In my case the system causes firefox to crash if password is wrong(to me this makes it malware). They charge up to 5%.I got the statements . KEEP OFF! The commission is 1.87% as stated.  As for passwords, why 24??? i only use 4 since the system can't allow use of the last 3 passwords.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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holycow wrote:DtheK wrote:Aguytrying wrote:maka wrote:Aguytrying wrote:Cfc are good. my bankers cheque reflected the next day. pap.
customer care is excellent and responsive.
trading platform is more than you can ask for(except few hiccups- cant log in- very rarely). Im so happy with their service( almost emailed them to tell them) ..advantages of having a bank,with a brokerage arm.lakini hapo juu kuna mtu amezusha juu ya CFCFS did i also say they charge 1.87 commission, even trades below 100k. that person didnt even say their problem. I disagree... Online system ain't all that if fails a good 30% of the time. You have to change passwords every 15 days.That's 24 passwords in a year. In my case the system causes firefox to crash if password is wrong(to me this makes it malware). They charge up to 5%.I got the statements . KEEP OFF! The commission is 1.87% as stated. As for passwords, why 24??? i only use 4 since the system can't allow use of the last 3 passwords. cfc online platform requires a very good internet connection, with good latency( eg what enables you to stream videos properly). I would say only 5% of the time might it not work when their systems are down. When internet connection is poor it can can be 30% as @dthek has stated, and even when you get in the server will "kick out" a slow connection. Its rarely down. If you email them, they will place your order in minutes in these instances. since i joined 2 yrs ago ive had to email them i think twice and i have traded very many times through the platform. the password thing can be annoying, but you can use similar ones as stated by @holycow. If you forget, there is a feature that resets and generates a new one sent to your email. If you lock the account, email them. in less than an hour they'll reset you. Commission is 1.87% I have calculated from the statement myself. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/26/2012 Posts: 1,182
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earthvoice wrote:DtheK wrote:Aguytrying wrote:maka wrote:Aguytrying wrote:Cfc are good. my bankers cheque reflected the next day. pap.
customer care is excellent and responsive.
trading platform is more than you can ask for(except few hiccups- cant log in- very rarely). Im so happy with their service( almost emailed them to tell them) ..advantages of having a bank,with a brokerage arm.lakini hapo juu kuna mtu amezusha juu ya CFCFS did i also say they charge 1.87 commission, even trades below 100k. that person didnt even say their problem. I disagree... Online system ain't all that if fails a good 30% of the time. You have to change passwords every 15 days.That's 24 passwords in a year. In my case the system causes firefox to crash if password is wrong(to me this makes it malware). They charge up to 5%.I got the statements . KEEP OFF! Eish! So for those doing plenty of online trading, that would leave Dyer and Blair as the best option? Haven't heard any complaints about them... plus @guru recommends them! I use Dyer and Blair and from experience,their online platform is good. The only issue i have with them is that logging in between 9am and 10am is headache.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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mwekez@ji wrote:murchr wrote:VituVingiSana wrote:mwekez@ji wrote:BTW, Kestrel deals with corporates and high networth clients only, accounts worth KES >0.5M only 500,000/- can't even buy you a room in a SQ is most neighborhoods. Kshs 0.5mn is not what it used to be... I guess what @mwekezaji meant was that Kestrel does not accomodate wanjiku and her sisters and brothers ditto @murchr. By setting the floor, they locked out wanjiku and made a clear statement of the kind of client they want. @mlennyma, karibu senior wangu Even wanjiku has 500k in assets, if not more! Don't underestimate her. Our (now retired) maid has a 5-bedroom house in the shagz! That's more bedrooms than we had! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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