Once you have opened your account, the next step is to load it with money that you will be used to make trades.
TRADING STOCKS BEGINNERS GUIDE HOW TO
Read More: How to buy shares in Kenya Making Trades Your payslip/bank statement as evidence of income.There are a few documents that you will be required to provide to open a CDS account: One can open this account from any licensed agent or from the Central Bank itself. To trade in stocks online, you will need a Central Depository System (CDS) account.Ī CDS account is an account that is provided by the Central Bank of Kenya. Read More: Stockbrokers in Kenya 2020 Opening an online stock trading account Some of the best online stock trading brokers in Kenya are: It is only wise to choose the best brokers while maintaining minimal operational costs. Broker fees charged – different brokers charge differently.Therefore, there is a need to select an online broker who offers market research. Level of experience – assuming that you are a beginner, you will require a lot of assistance in making trades.There are others, however, which will require you to have more. Amount of cash you would like to start with – Most online brokers require you to have a certain minimum amount of money in your account before you start trading.Therefore, there may be a need for you to select a broker who does not have these charges. This may be an expensive account to keep. If you know, you might not frequently be trading.
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