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Stock Brokers In Nigeria: Rate Your Stockbroker - Investment - Nairaland

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Who Is Your Stockbroker? / Approved List Of Nigerian Stock Brokers / Stock Brokers In Nigeria? (2) (3) (4)

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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: 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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