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Nairaland Forum / Nairaland / General / Investment / Stock Brokers In Nigeria: Rate Your Stockbroker (6901 Views)
Who Is Your Stockbroker? / Approved List Of Nigerian Stock Brokers / Stock Brokers In Nigeria? (2) (3) (4)
Stock Brokers In Nigeria: Rate Your Stockbroker by bilymuse: 9:15am On May 14, 2008 |
Hi Everybody, For those who want to invest in Nigeria stock market a good stockbroker is of paramount importance. A bad stockbroker could frustrate and left you disillusion. For a successful investment you must get your broker right. The idea of the trend is for everybody to rate their brokers and bring their activities to the limelight. Only client are allow to rate their brokers, staff are not allowed, this is to give an unbiased and fair assessment. something similar is ongoing is some other forum, but I believe is time the biggest forum , nairaland , have a say. After every three different client rating, I will mail the posting to the broker concern and ask for their response. All replies from the brokers would be posted on the forum. I would also invite the broker firm to the forum to take up issues with their client concern. Please try to be fair in your rating. Rating brokers in a public forum like this would help toward the development of the Nigeria stock exchange. Some stock broking firm might take heed and improve their services , others with good services would strive to maintain and improve. It would also give the investing public a good idea about a particular broker. the rating figure would be between 0 and 5. brokers should be rated under the following category: DURATION COMMUNICATION SPEED OF EXECUTION CUSTOMER SERVICE ON-LINE SERVICE ACCURACY RECOMMENDATION regards bilymuse |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by bilymuse: 9:42am On May 14, 2008 |
hi, the first stockbroking firm l would rate is cashcraft. l have been with them for the past 2 years through a friend recommendation. they have a good web presence with tonnes of information comparable. their service is nest to zero. they are probably one of the worst brokers in Nigeria. only in Nigeria can a broker firm like cashcraft exist, in a developed economy they would either have been clamp dawn by the regulatory authority or forced out of business through client litigation. this is my rating: DURATION - 2yrs COMMUNICATION - 1/5 SPEED OF EXECUTION - 0/5 CUSTOMER SERVICE - 0/5 ON-LINE SERVICE - 3/5 ACCURACY - 1/5 RECOMMENDATION- pls avoid them regards bilymuse |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by abujabooks(f): 12:36pm On May 14, 2008 |
CITI INVEST CAPITAL DURATION - less than 1yr COMMUNICATION - 5/5 SPEED OF EXECUTION - 5/5 CUSTOMER SERVICE - 5/5 ON-LINE SERVICE - 4/5 ACCURACY - 5/5 RECOMMENDATION- YES |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by eterpete: 11:47am On May 15, 2008 |
Rating your stockbroker is quite adifficult task in nigeria most of the challenges are beyond them! For instance the privilege information most of them had before the bearish trends have been rubished ! Valueline securities Duration 4yrs communication- 5/5 speed of execution- 4/5 ( provided you did not give an outrageous price limit) customer service- 5/5 online service- 2/5 Accuracy-4/5 Recommendation- 50-50 |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by eterpete: 12:02pm On May 15, 2008 |
Rating your stockbroker is quite adifficult task in nigeria most of the challenges are beyond them! For instance the privilege information most of them had before the bearish trends have been rubished ! Valueline securities Duration 4yrs communication- 5/5 speed of execution- 4/5 ( provided you did not give an outrageous price limit) customer service- 5/5 online service- 2/5 Accuracy-4/5 Recommendation- 50-50 |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by bilymuse: 8:08pm On May 15, 2008 |
List of Approved Nigerian Stockbrokers Adonai Stockbrokers Limited Afrinvest West Africa (formerly Sectrust) Ail Securities Limited Alliance Capital Management Company Limited Amyn Investments Limited Anchoria Investment and Securities Limited APT Securities & Funds Limited Belfry Investment and Securities Limited Bestworth Assets & Trust Limited BGL Securities Limited Calyx Securities Limited Camry Securities Limited Capital Express Securities Limited Capital Assets Limited Capital Bancorp Limited Capital Trust Brokers Limited Cashcraft Asset Management Limited Cashville Investment & Securities Limited Century Securities Limited City-Code Trust Limited Clearview Investment Company Limited Consolidated Investments Limited Core Trust and Investment Limited Crossworld Securities Limited CSL Stockbrokers Limited Davandy Finance & Securities Limited De-Canon Investment Limited Delords Securities Limited Denham Management Limited Dependable Securities Limited Dominion Trust Limited Dynamic Portfolio Limited Empire Securities Limited ESL Securities Limited Eurocomm Securities Limited F & C Securities Limited FSDH Securities Limited (formerly Counters Trust) Falcon Securities Limited Fidelity Union Securities Limited First Stockbrokers Limited FIS Securities Limited Fittco Securities Limited Foresight Securities & Investment Limited Forte Asset Management Limited Forthright Securities & Investments Limited Fountain Securities Limited Future View Securities Limited Greenwich Trust Limited GTI Capital Limited Heartbeat Investments Limited Horizon Stockbrokers Limited IBTC Asset Management Limited ICMG Securities Limited Icon Stockbrokers Limited Independent Securities Limited Intercontinental Securities Limited International Standard Securities Limited LB Securities Limited Lead Capital Limited Lighthouse Asset Management Limited Magnartis Finance and Investment Limited Maninvest Asset Management Limited Marina Securities Limited Maxifund Investments & Securities Limited Mayfield Investments Limited MBC Securities Limited Mega Equities Limited Meristem Securities Limited(formerly Great Africa Securities) Mission Securities Limited Mountain Investments and Securities Ltd Mutual Alliance Investments and Securities Limited Newdevco Finance Services Co. Limited Nigerian Stockbrokers Limited Omas Investments & Trust Company Limited Options Securities Limited Partnership Investment Company Limited Pilot Securities Limited (Pilot Finance) PIPC Securities Limited Pivot Trust and Investment Company Limited Professional Stockbrokers Limited Profund Securities Limited Prominent Securities Limited PSI Securities Limited Reward Investments and Services Limited Rostrum Investment & Securities Limited SanTrust Securities Ltd Securities Solutions Limited Security Swaps Limited Shalom Investment & Securities Transactions Limited Signet Investments & Securities Limited Solid-Rock Securities & Investment Limited Springboard Trust & Investment Limited Stanwal Securities Limited Strategy & Arbitrage Limited Summa Guaranty & Trust Co. Plc Summit Finance Company Limited Tiddo Securities Limited Topmost Finance and Investments Limited TransAfrica Financial Services Limited (formerly Trust & Financial Services Limited) Trusthouse Investments Limited Trust Yields Securities Limited TRW Stockbrokers Limited Union Capital Markets Limited Valmon Securities Limited Valueline Securities & Investments Limited Vetiva Capital Management Limited Wizetrade Capital & Asset Management Limited Yobe Investment Company Limited Zenith Securities Ltd A.A.A. Stockbrokers Limited Adamawa Securities Limited Allbond Investments Limited Altrade Securities Limited Apex Securities Limited Asset Plus Securities Limited Beachgrove Securities & Investments Co. Limited Beaver Securities Limited, Bestlink Investment Limited BFCL Assets & Securities Limited BIC Securities Limited BSD Securities Limited Centre-Point Investments Limited Colvia Securities Limited Cooper Fleming Stockbrokers Limited Crane Securities Limited Dakal Services Limited DBSL Securities Limited Emi Capital Resources Limited Enterprise Stockbrokers Plc Epic Investment Trust Limited Equator Finance & Securities Limited Excel Securities Limited Express Portfolio Services Limited Fidelity Finance Company Limited Financial Trust Company Nigeria Limited Finmal Finance Company Limited First Atlantic Securities Limited First Equity Securities Limited Floodgate Finance & Securities Limited Folu Securities Limited General Securities & Finance Company Limited Genesis Securities And Investment Limited Gidauniya Investment & Securities Limited Global Asset Management (Nig.) Limited Golden Securities Limited Hamilton Hammer & Company Limited Heritage Investment & Securities Limited Hillcrest Securities Limited IB Finance & Securities Limited IBN Securities Limited Integrated Trust and Investments Limited Intermediate Capital Group Limited International Capital Securities Limited Interstate Securities Limited Investors & Trust Company Limited Jamkol Investments Limited Kinley Securities Limited Kundila Finance Services Limited Laksworth Investments & Securities Limited LION STOCKBROKERS LIMITED LMB Stockbrokers Limited Lombard Securities Limited Lynac Securities Limited M. L. Securities Limited MACLAIZE Trust & Securities Co. Ltd Mainland Trust Limited Marriot Securities & Investment Co. Limited Mercov Securities Limited Midas Stockbrokers Limited Midlands Investment & Trust Co. Limited Molten Trust Limited Monument Securities and Finance Limited Networth Securities & Finance Limited Niche Securities Limited Nigerian International Securities Limited Nova Finance & Securities Limited OMF Securities & Finance Limited Perfecta Investment Trust Limited Premium Securities Limited Prudential Securities Limited PSL Quantum Securities Limited Rainbow Securities and Investment Co. Limited Resano Securities Limited Resort Securities & Trust Limited RIVERSIDE TRUST LIMITED Rivtrust Securities Limited Royal Crest Finance Limited Sanbros Trust & Securities Limited Sigma Securities Limited Sikon Securities and Investment Trust Ltd Silver Financial Services Ltd Spring Trust & Securities Limited Stanbic Equities Limited Support Services Limited Supra Commercial Trust Limited The Investors' Advisers Limited Thomas Kingsley Securities Limited Three Star Investments Limited Tomil Trust Limited Trade Link Finance & Securities Limited Transglobe Investment & Finance Co. Limited TRANSWORLD INVESTMENT LIMITED Tropics Securities Limited UIDC Securities Limited UNEX Securities and Investment Limited Urbane Stockbrokers Limited Vision Trust & Investment Limited Viva Securities Limited WSTC Securities Limited IMB Securities Plc. Akitorch Securities Limited Gosord Securities Limited Halsec Finance Limited Kwara Investment Company Limited ITIS Securities Limited (license revoked) Jenkins Investment Limited (license revoked) Morgan Trust and Asset Management Plc (license revoked) source: http://www.karakataonline.com/stockbrokers.html |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by bilymuse: 8:44pm On Jun 06, 2008 |
hi the following stockbroker are presently under SEC investigation : Operators Under SEC Investigation OFFENDERS Akitorch Securities Ltd. Solid Rock Securities and Investment Ltd. Assets Plus Securities Ltd. Morgan Trust and Asset Management Ltd. Beachgrove Securities and Investment Ltd. Premium Securities Ltd. Calyx Securities Ltd. ET & T Investment Company Ltd. Excel Securities Ltd. CSL Stockbrokers Best Link Investment Ltd. Lakesworth Investment & Securities Ltd. Eagle Stockbrokers Ltd. Marimpex Finance Investment Transglobe Securities Ltd. Newdevco Stockbrokers Anchoria Investment Ltd. Davandy Finance & Securities Ltd. Heritage Investment Ltd. Floodsate Finance & Securities Ltd. May Field Investment Ltd. Nigeria Stockbrokers Ltd. Futureview Securities Ltd. First Atlantic Securities Ltd. IBN Securities Ltd. Centrepoint Investment Ltd AIL Securities Ltd. Intercontinental Securities Ltd. Cashcraft Asset Management Ltd. Decannon Investment Ltd. Royal Trust Ltd. Riverside Securities Ltd. Genesis Investment Securities Ltd. Apex Securities Ltd. UBA Securities Gosord Securities Ltd. First Equity Securities Ltd. Foresight Securities & Investment Ltd. NATURE OF MALPRACTICE Fraudulent sale of shares Withholding of share certificates Unauthorised conversion of shares Non-remittance of dividends Non-lodgment of shares Outright misappropriation of funds for purchase of shares Source: Broadnstreet journal. http://www.bsjournal.com/news/articles/071120-1/news/cover_stockfraud.html please continue to rate your stockbrokers[color=#006600][/color] |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by madeonline(m): 3:04pm On Oct 21, 2008 |
Dear Billy, Kindly review the above list. I have it on good rrecords that Prudential Securities Limited ahs been cleared off the above list by SEC. Pls do kindly update appropriately. Thanks |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by meetee: 11:33am On Aug 18, 2009 |
Cashcraft has been my stockbroker for 6yrs now, I rate them as one of the best stockbroker in Nigeria. You see all your transactions no hidden agenda, and the have a very good network, branches are almost in all the 36 states capital. For this kudos to them. Please most of the stockbroker have gone down the drain during this meltdown period. We shareholder pray it will soon be over 1 Like |
Re: Stock Brokers In Nigeria: Rate Your Stockbroker by LondonCool(m): 9:21pm On Mar 25, 2013 |
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