Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Shak wrote:Impunity wrote:Shak wrote:Impunity wrote:Shak wrote:kimanimsc wrote:Shak wrote:Impunity wrote:Shak wrote:Has anyone tried I and M bank for trading securities? I'm tired of SBG. You have to keep calling to get updates and follow up on orders. Have you been using their online platform? To me its good. SBG site is better but their response to calls/emails is a kin to waiting for milk drop after caressing the tits of a mosquito! I haven't tried the online platform. They say you have to send scanned orders through email for them to be effected. Then you have to keep calling the specific agent who received the order to inquire on execution. If not you dont get any feedback.It's getting tiring Online platform better anyday. - Transaction charges as low as 1.66% in some platforms. - Take advantage of intraday price movement. - Less hustle (no filling forms, scanning, sending mails, making calls) Tried iTrader but their brokerage fees are exorbitant! Is 2.12% commission high,for orders less than kes.100,000? Amount above 100,000 it's even less,kit 1.89%(there abour) @impunity I placed a buy order worth 4000 and they're charging kshs270 brokerage fees. That's way more than 2.12pc @shak, Fisrt of all let me laugh at your order worth!  Now back to the query; you are not charged 270 bob for a 4,000 worth order! What happens is that they (SBG) set a side some "value amount" to cover up haircut (I dont know what that means), once the order is settled by the CDSE then they will credit back the "value amount to your account. This amount is usually around 200 bob or thereabout. So watch out once the order is fully settled then you will realize its 2.12% commission. I will come back when I get a clear meaning of this value amount and its significance. @Impunity. Usidharau pesa. 1 million bob would not be there without the one shilling. I'm proud of my 4000 bob investment. Thanks though for taking the time to answer my queries. Time to research on this "value amount" @sak (sic!), the laughter was on a light note!  See the response below from my awe-inspiring lady broker (she is more cute than @lady admin) Quote:Please note when making a purchase, there is a holding fee of 200 shilling which is credited back to your CDS account once the purchase is executed. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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