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Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% - Investment - Nairaland

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Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by NextProdigy(m): 4:36am On Sep 27, 2013
Read all about it here.

http://theanalystng.com/news/21067
In a bold move that both demonstrates a commitment to the market and defines market leadership, Morgan Capital Securities announced today that all clients will now enjoy top-class brokerage services at a very low fee of 0.25% on all trades.

Announcing this reduction in fees, the CEO of MorganCapital Securities, Mr. Ayoleke Adu, FCS, CFA, said that “the fee slash is consistent with the vision and mission of the firm and clearly makes a statement about the need to reduce the cost of Capital Market transactions in Nigeria”.

Traders in the Nigerian Capital Market and investors in shares of companies quoted thereon will pay 0.25% fees when buying and selling shares. This is made much easier with its online trade execution platform which further provides access and ease of conducting business - this was introduced to encourage traders who value execution quality, speed and desire the highest level of flexibility with their execution costs.

MorganCapital, in its desire to encourage further activities in the retail market will extend its customer focused services to all clients on its revamped secured online platform at this extremely low rate; even lower than the Capital Market regulator’s fees (SEC - 0.3% for purchases; NSE – 0.3% for sales).

Other outstanding benefits investors can expect from MorganCapital include Secured online access to their accounts, stock position updates, stock valuation analysis, investment-holding profitability analysis, trading history, contract notes, payment/deposit history, share certificate deposits/verification history/status, and access to complimentary tools and information.

Existing and new clients of the firm will receive an automated, system-generated and system-sent email of the contract notes before 4pm of any day a trade is executed on their behalf.

Investors can place orders (Buy/Sell) online using the secured customer login portal hosted in the EU. It is safe and guaranteed to be available 99.99% of the time.

All our clients also have unrestricted access to MorganCapital’s weekly investment rankings, investment tips, and company specific research to guide their investment decisions.
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by NextProdigy(m): 9:32am On Sep 27, 2013
This is Good News for investors/traders.
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by stockbull(m): 1:37pm On Sep 27, 2013
Competition to gain stance in this new trading platform. Cant say anything now.
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by Sobrit(m): 9:41am On Sep 28, 2013
stockbull: Competition to gain stance in this new trading platform. Cant say anything now.
for how long have they been in operation? Juicy offer though but can they stand the test of time. If the likes of cashcraft can be suspended, anything can happen

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Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by Nobody: 1:50pm On Sep 28, 2013
So-brit:

for how long have they been in operation? Juicy offer though but can they stand the test of time. If the likes of cashcraft can be suspended, anything can happen

They are licensed by nse and have been in operatn for a long while.
They are just being proactive. By the time other bokers wake upn they must have increased their customer base.

Their customers are satisfied with their services. I've written my broker and he has sent to their MDm I have a feeling they will match itn but they better do it on time.
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by larush: 5:43pm On Oct 04, 2013
MorganCapital Securities Limited ("MorganCapital"wink, formerly known as International Capital Securities Limited, was incorporated on 28th January, 1997; and was issued a license as a Dealing Member of the NSE on 3rd October, 1997, after obtaining license of the Securities & Exchange Commission (SEC) as a Broker/Dealer. The Company has remained a dealing member firm of the NSE since then [size=20pt](over 17years ago)[/size]. In 2009, MorganCapital got licensed by the SEC to perform an additional role as an Issuing House/Financial Adviser. MorganCapital was recently accredited by the Nigerian Stock Exchange as a Designated Adviser to the Alternative Securities Market (ASeM) Board, after a very rigorous and competitive process. - See more at: http://morgancapitalgroup.com/group_history.php#sthash.Qvtvzwbf.dpuf
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by Sobrit(m): 10:50pm On Oct 04, 2013
larush: MorganCapital Securities Limited ("MorganCapital"wink, formerly known as International Capital Securities Limited, was incorporated on 28th January, 1997; and was issued a license as a Dealing Member of the NSE on 3rd October, 1997, after obtaining license of the Securities & Exchange Commission (SEC) as a Broker/Dealer. The Company has remained a dealing member firm of the NSE since then [size=20pt](over 17years ago)[/size]. In 2009, MorganCapital got licensed by the SEC to perform an additional role as an Issuing House/Financial Adviser. MorganCapital was recently accredited by the Nigerian Stock Exchange as a Designated Adviser to the Alternative Securities Market (ASeM) Board, after a very rigorous and competitive process. - See more at: http://morgancapitalgroup.com/group_history.php#sthash.Qvtvzwbf.dpuf
u work with them right?. I may be joining you guys soon
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by millhouse: 5:21pm On Oct 10, 2013
NICE
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by Nobody: 10:51am On Oct 11, 2013
What is the minimum amount of investment one can have with you and by the way what's your website??
Re: Morgancapital Slashes Stockbroking Fees From 1.35% To 0.25% by CHIMSKY(m): 4:26pm On Oct 24, 2016
[quote]What is the minimum amount of investment one can have with you and by the way what's your website??[/quote
Yes.What is the minimum trade you can execute for a client? Also, how much does it cost to join the platform?

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