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3 Pages<123
My stock broker Rating
Monk
#41 Posted : Friday, June 19, 2020 6:56:04 AM
Rank: Member


Joined: 7/1/2009
Posts: 173
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


@ target360 Thanks. That's a serious negative.
tandich
#42 Posted : Friday, June 19, 2020 7:28:42 AM
Rank: Member


Joined: 5/6/2008
Posts: 178
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!
Ericsson
#43 Posted : Friday, June 19, 2020 8:00:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,676
Location: NAIROBI
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank
Monk
#44 Posted : Friday, June 19, 2020 8:13:00 AM
Rank: Member


Joined: 7/1/2009
Posts: 173
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.
stoner
#45 Posted : Friday, June 19, 2020 8:55:51 AM
Rank: New-farer


Joined: 10/31/2017
Posts: 14
Monk wrote:
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.


I went through a similar experience transferring my portfolio to Suntra.Useless Suntra took 5 months to transfer the portfolio (a process that takes one week).During that 5 months I could not trade my stocks and suffered losses as I was unable to sell my stocks at my price and time.I demanded from Suntra a refund for these losses they refused.I filed a complaint to both CMA and NSE and they chose to do nothing about it
VituVingiSana
#46 Posted : Friday, June 19, 2020 9:58:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,150
Location: Nairobi
stoner wrote:
Monk wrote:
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.


I went through a similar experience transferring my portfolio to Suntra.Useless Suntra took 5 months to transfer the portfolio (a process that takes one week).During that 5 months I could not trade my stocks and suffered losses as I was unable to sell my stocks at my price and time.I demanded from Suntra a refund for these losses they refused.I filed a complaint to both CMA and NSE and they chose to do nothing about it
CMA is useless.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#47 Posted : Friday, June 19, 2020 10:28:38 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,642
VituVingiSana wrote:
stoner wrote:
Monk wrote:
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.


I went through a similar experience transferring my portfolio to Suntra.Useless Suntra took 5 months to transfer the portfolio (a process that takes one week).During that 5 months I could not trade my stocks and suffered losses as I was unable to sell my stocks at my price and time.I demanded from Suntra a refund for these losses they refused.I filed a complaint to both CMA and NSE and they chose to do nothing about it
CMA is useless.


I have an account I have been transferring from SBG securities from December last years. Nowadays the excuse is Corona. Bure kabisa, they make customers be at their mercy. This is an idle portfolio, I can imagine the active account.

In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
sparkly
#48 Posted : Wednesday, July 01, 2020 1:57:23 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,854
Location: Enk are Nyirobi
Angelica _ann wrote:
VituVingiSana wrote:
stoner wrote:
Monk wrote:
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.


I went through a similar experience transferring my portfolio to Suntra.Useless Suntra took 5 months to transfer the portfolio (a process that takes one week).During that 5 months I could not trade my stocks and suffered losses as I was unable to sell my stocks at my price and time.I demanded from Suntra a refund for these losses they refused.I filed a complaint to both CMA and NSE and they chose to do nothing about it
CMA is useless.


I have an account I have been transferring from SBG securities from December last years. Nowadays the excuse is Corona. Bure kabisa, they make customers be at their mercy. This is an idle portfolio, I can imagine the active account.



SBG Securities now pretending not to receive withdrawal requests. There is a Broker's crisis coming up like the 2008-2009 crisis. A number of brokers will go bankrupt. If you have cash in your brokerage accounts, withdraw or buy shares!
Life is short. Live passionately.
kmucheke
#49 Posted : Friday, July 03, 2020 7:42:23 PM
Rank: Member


Joined: 3/16/2019
Posts: 129
sparkly wrote:
Angelica _ann wrote:
VituVingiSana wrote:
stoner wrote:
Monk wrote:
Ericsson wrote:
tandich wrote:
target1360 wrote:
Ericsson wrote:
Monk wrote:
African Alliance Securities bowing out of Kenya...

https://kenyanwallstreet...rage-business-in-kenya/

I need to select where to move. Is NCBA any good?


SBG Securities


Sbg are ok, though they dont like clients withdrawing funds from their account.
They l take you through rounds with escuses like oooh signature differs,ooh commissioner of oath until you give up


I left SBG for the same reason. Leaving them is even more painful. It now takes a month for them to sign your transfer forms!


Y that's too long.
NIC capital
KCB Capital
Faida investment bank


I went through a painful transfer from Faida Investment Bank a few years ago.


I went through a similar experience transferring my portfolio to Suntra.Useless Suntra took 5 months to transfer the portfolio (a process that takes one week).During that 5 months I could not trade my stocks and suffered losses as I was unable to sell my stocks at my price and time.I demanded from Suntra a refund for these losses they refused.I filed a complaint to both CMA and NSE and they chose to do nothing about it
CMA is useless.


I have an account I have been transferring from SBG securities from December last years. Nowadays the excuse is Corona. Bure kabisa, they make customers be at their mercy. This is an idle portfolio, I can imagine the active account.



SBG Securities now pretending not to receive withdrawal requests. There is a Broker's crisis coming up like the 2008-2009 crisis. A number of brokers will go bankrupt. If you have cash in your brokerage accounts, withdraw or buy shares!


Stock brokers that have gone under (year of collapse)
Francis Thuo and Partners(2007); Nyaga Stockbrokers(2008);Discount Securities(2009) ; Ngenye Kariuki and Company (2010).

The Investor Protection Fund used to give a maximum payout of KSh. 50k per investor as compensation (I don't know whether the figure has been revised up since).

Do the stockbrokers segregate client funds from their own funds so that in case of collapse the clients money is safe?


Tokyo
#50 Posted : Saturday, July 04, 2020 12:14:55 PM
Rank: Veteran


Joined: 10/9/2006
Posts: 1,465
Which between AIB and Genghis capital is recommended Dealing with both and its time to consolidate.
work to prosper
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