Though the case highlighted is a typical corporate mishap, am sure the employees was a young male employee, and me made a tidy sum from the way the story looks....
Funny, as this story broke my confidence in CFCFS is at an all time high. I have just activated my online a/c and am able to sell, buy, request for chq/eft..... The only thing I not able to do from my desk is credit my a/c with cash, for that you still have to bank the old fashioned way.
BTW please let me know if there is another broker offering clients an online access to their CDS a/c, with similar or more functions?
For now if you want to trade with them you will have to provide a lot of documents and sign a lengthy contract (most of it am sure are disclaimer of liability on their part). The documents are part of the CMA KYC and the recently enacted Anti-Money laundering Bill.
Kenyan's like to blame people for their omissions, in my three years with CFC I have never had a bad experience with them. Except for one time they failed to issue my chq then cleverly blamed me for having signed differently (I give that chick my marks for that clever cover up
).The notion that they discriminate small time clients is there in the air but I don’t let it stop me from seeking information where I know am entitled to it.
I know for most parts, when trades do not go thro' it is mostly when clients decide to put prices way off the market price. This means your trade will be off the daily averages until the market moves and the daily averages fall within your price range.
Your experiences..........