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Cfc Financial Services reduces Commission fees to 1%
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invest0r
#11 Posted : Monday, May 09, 2011 10:42:58 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
I traded today and they charged me 1.8%. However, my relationship manager said he is looking into it. Anybody else with such a problem
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mycool
#12 Posted : Tuesday, May 10, 2011 11:28:14 AM
Rank: Member

Joined: 4/30/2007
Posts: 92
@invest0r...there are several charges on a transaction...i forget the details.But the figures are:1%-brokerage fee,0.6-?,0.01-?,0.12-?,0.01-?,0.12-? then stamp duty...transaction amount/10000 *2...the total should be arnd 1.8**.Not sure though.
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invest0r
#13 Posted : Tuesday, May 10, 2011 12:41:00 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
@mycool, you have only missed the 0.6 which should be 0.06. The other charges sum up to 0.3% making the total charges 1.3%. The breakdown is as follows:

Brokerage Commission 1.00%
Cds Transaction Levy 0.06%
Cma Guarantee Fund 0.01%
Cma Transaction Levy 0.12%
Cdsc Guarantee Fund 0.01%
Nse Transaction Levy 0.12%
Stamp Duty Charges (Transaction Amount/10,000 X 2
Total Commission 1.32%
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youcan'tstopusnow
#14 Posted : Tuesday, May 10, 2011 8:19:38 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
“This is a very competitive market and for CFC to do that it is not good, one per cent is too low and unsustainable in the Kenyan market due to the low volumes. Overall commissions may come down and it is not good for the industry,” said a broker who requested anonymity due to his business relations with CFC.
:Laughing out loudly -d Laughing out loudly Laughing out loudly Laughing out loudly
Are you kidding me? I swear Collymore and Ghossein put this guy up to it.
GOD BLESS YOUR LIFE
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magicalnora89
#15 Posted : Tuesday, May 10, 2011 8:39:49 PM
Rank: Hello

Joined: 5/10/2011
Posts: 1
Location: Nairobi
I am not happy that they take such a long time to execute orders. I put in an order request last week and four days later nothing, in the meantime the share i wanted has risen by a few shillings.....
IN BUSINESS, COMPETITION IS NEVER AS HEALTHY AS TOTAL DOMINATION-Peter Lynch, author of 'Beating the street.'
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eggnest
#16 Posted : Wednesday, May 11, 2011 1:31:45 AM
Rank: New-farer

Joined: 5/11/2011
Posts: 48
This is is such a great forum for serious investors especially the new and inexperienced ones like me smile, but very committed to retiring early... Kudos to the creators!!!

Thanks to the guyz at BAAM for referring me to this site.

Regarding the stockbrokers,
@kipusa did you change your brokers and to whom?
I am currently tryna select a broker...anyone with pointers? I thought CFC were the best? Thanks.
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Gordon Gekko
#17 Posted : Wednesday, May 11, 2011 7:27:00 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Did I hear that the 1% commission is a ONE month offer?
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The Merchant
#18 Posted : Wednesday, May 11, 2011 9:57:55 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
youcan'tstopusnow wrote:
“This is a very competitive market and for CFC to do that it is not good, one per cent is too low and unsustainable in the Kenyan market due to the low volumes. Overall commissions may come down and it is not good for the industry,” said a broker who requested anonymity due to his business relations with CFC.
:Laughing out loudly -d Laughing out loudly Laughing out loudly Laughing out loudly
Are you kidding me? I swear Collymore and Ghossein put this guy up to it.

He is right you know. Maybe only time will tell.Shame on you Shame on you
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mycool
#19 Posted : Wednesday, May 11, 2011 10:04:13 AM
Rank: Member

Joined: 4/30/2007
Posts: 92
How long does share settlement take after a purchase?
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invest0r
#20 Posted : Thursday, May 12, 2011 12:45:33 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
mycool wrote:
How long does share settlement take after a purchase?


T (Today) + 4 working days. Meaning that if you buy shares today on Thursday, you can only be able to sell them next week on Thursday.

You will also find the following trading strategy by @lovely2010 to be fascinating:

http://www.wazua.co.ke/f...spx?g=posts&t=11878


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  | | Edit by user: Thursday, May 12, 2011 5:21 PM | Reason: Not specified
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