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lovely2010
#1 Posted : Thursday, July 07, 2011 8:12:19 PM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
When are we going to start trading futures & commodities in Kenya? I understand 30TH june was deadline for interested parties who were interested to register their commodities. I think this will be more interesting than shares. Please share any info you have. Are we going to trade via stockbrokers if not through whom?

And who are leaderkenya.com
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QW25071985
#2 Posted : Thursday, July 07, 2011 8:17:51 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Yani tutakuwa tukiuza mahindi na maharagwe online ...OMG ...loelst Laughing out loudly ...
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QW25071985
#3 Posted : Thursday, July 07, 2011 8:21:04 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
lovely2010 wrote:
When are we going to start trading futures & commodities in Kenya? I understand 30TH june was deadline for interested parties who were interested to register their commodities. I think this will be more interesting than shares. Please share any info you have. Are we going to trade via stockbrokers if not through whom?

And who are leaderkenya.com


@hisah, @cienz, fx buddies . we already have our first forex and commodities online scammer in kenya...I think we shld give him a certificate....hahahhaha. cnt beleive it.

KEEP AWAY from that site...Who the heck even regulates them ???????
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lovely2010
#4 Posted : Thursday, July 07, 2011 9:02:06 PM
Rank: Member


Joined: 10/25/2010
Posts: 519
Location: nairobi
I dont think its a bad idea keeping money for futures & commodities instead of throwing it into dying market...just a thought
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hisah
#5 Posted : Saturday, July 09, 2011 6:58:59 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Lovely - A Futures market is a great idea, but I wonder if the current CMA has the muscle to regulate it. Futures always tend to attract hot (fast) money - large funds and a proper framework especially on money laundering needs to be in place.

@Qw - I've covered the website thru & I can see the firm is located at CIC plaza. They do have fixed & fax lines. Weird tho that the customer care email is sales... I've never heard of them before tho the site has a copyright since 2007. You can do a tour smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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tonicasert
#6 Posted : Saturday, July 09, 2011 8:11:38 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
I met the guys (Leaderkenya) around 2006 when they were setting up office, just out of interest and to share trading ideas. The main guy I met knew his stuff and he even took me through some trades, but I was skeptical about the inexperienced traders they were employing to trade client's money, though he assured me they were trading under his supervision and training.

I never followed up coz they required trading in their own system and some $10K depo or something. I dont know how successful they are so far.
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