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which brokerage firm will remain standing
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Ruddy1
#1 Posted : Monday, May 04, 2009 7:01:00 PM
Rank: Member


Joined: 5/5/2009
Posts: 1
Im a little bit concerned with these brokerage firms and the rate at which they are going under,i have luckily escaped two firms that have gone down and the one i am in right now,hasnt received its licence for 2009 and is still operating on an extended licence (2008) which brokerage firm should i go to now?? Ama i start ma own ka small firm...


Ruddy1
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jerry
#2 Posted : Monday, May 04, 2009 8:05:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
I'm with D&B and today I'm unable to place orders online. I can't even see my CDS HOLDINGS. Is there something wrong with CDSC?

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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Banjukashares
#3 Posted : Monday, May 04, 2009 8:43:00 PM
Rank: Member


Joined: 4/26/2008
Posts: 7
@Jerry,Am with D&B too and I cant see my CDS holdings.It shows a message 'This are no registered holdings in CDS account' when i click on 'Holdings'I hope nothing fishy is going on coz am now freaking out.Am assuming all is well.


1+1=2
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Tusker Baridi
#4 Posted : Tuesday, May 05, 2009 2:31:00 AM
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Joined: 12/9/2006
Posts: 186
CFC Stanbic has served me well and I have confidence in them not going under because brokerage business is just a small unit of their revenue generating units. Also,this is an international firm with branches in SA,Kenya and UG,its not about to pulll a Thuo on you,just think StanChart or Barclays.
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jerry
#5 Posted : Tuesday, May 05, 2009 3:42:00 AM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
@BanjukaS. That is exactly the msg I got. @TB. Does CFC have online services?

Ecs 11.2 Give portions to seven,yes to eight,for you do not know what disaster may come upon the land.
The opposite of courage is not cowardice, it's conformity.
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Mainat
#6 Posted : Tuesday, May 05, 2009 4:21:00 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Use a bank affiliated broker or even custodian. So NIC,Equity,CFC. Also hnw ones like Kestrel or AA.
Don't use Unreliable,SIB or Ngenye,agents unless they can show you their audited financial statements for 2008.
Ni kubaya

www.mjengakenya.blogspot.com
Sehemu ndio nyumba
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kanda
#7 Posted : Tuesday, May 05, 2009 6:09:00 AM
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Joined: 3/10/2008
Posts: 68
@Mainat

agents give personalized service thats why one may choose to go through them sometimes. is there any problem if i use an agent of a reliable broker such as AAKS
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Kamaa
#8 Posted : Tuesday, May 05, 2009 6:48:00 AM
Rank: Veteran


Joined: 10/6/2007
Posts: 1,177
Location: Nairobi - Kenya
i suggest brokerage firms affiliated to a commercial bank..
also investment banks with an international outfit..
When you hear what I say, you will not understand. When you see what I do, you will not comprehend
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shawny
#9 Posted : Tuesday, May 05, 2009 7:14:00 AM
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Joined: 3/11/2009
Posts: 14
i think we all need to be skeptical of who to deal with in your investment. i have been with DB for three years and i have not complains apart from the usual c/s and a breaskdown with their online. just checked my cds and its working.
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sheep
#10 Posted : Tuesday, May 05, 2009 12:19:00 PM
Rank: Veteran


Joined: 7/24/2008
Posts: 781
D&B online system is quite slow,any order placed after 9.00am is left pending till the next day.They rarely bother to execute specified orders.you have to pester them with emails to get anything going.Leaves a lot to be desired
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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leti
#11 Posted : Tuesday, May 05, 2009 3:15:00 PM
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Joined: 7/3/2008
Posts: 23
I know of a wonderfull agent of africa alliance which offer good services.you can make orders and in five minutes its effected as far as its within trading hours.if you are serious i can direct you to them

Do not fall in love to a stock
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mautidavis
#12 Posted : Tuesday, May 05, 2009 3:19:00 PM
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Joined: 9/13/2006
Posts: 4
I think I won't go wrong if I suggest that you stay with bank affiliated stockbrokerage firms. Men,I have burnt my fingures twice and I have none to burn in the future. I've learnt my lesson the bitter way: learn from my experience.
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