A stockbroker is a firm or a person who enables the buying and selling of securities on behalf of investors and financial institutions. Many depend on a stockbroker’s expertise to make investments that will have good returns. However, finding the right stockbroker can be just as risky as investing on your own. If you’re not careful, you could fall victim to unscrupulous brokers who aren’t approved by the NSE.
Stock brokers are regulated representatives and need to get a license from the Capital Markets Authority (CMA) to operate legally in Kenya. This ensures that they comply with the NSE’s regulations and uphold the highest level of professionalism.
It’s therefore in your best interest to find a registered stockbroker to save yourself from being duped of your hard-earned money. It’s also good to ensure that the stockbroker has good ratings on both the NSE and CMA websites.
Here are some of the licensed stockbrokers in Kenya.
Faida Investment Bank
This is one of the pioneers in Kenya’s stock market, Faida was one of the first licensed capital markets dealers in Kenya. The brokerage has grown over the years and today, it boasts a large team of highly experienced investment managers, stockbrokers, corporate financial advisors, and investment bankers. You can rely on their extensive knowledge to make informed decisions and invest your money wisely.
Dyer & Blair Investment Bank
Dyer & Blair was also one of the founders of the NSE. It was founded in 1958 and has maintained its high standards and good reputation till today. Apart from offering exceptional investment services, the firm also strives to keep up with the latest trends to make life easier for its clients. It allows its clients to remit their payments through mobile money services like Mpesa. It has also expanded its customer base to the East Africa Stock Market and might be an international stock broker in the near future.
Kestrel Capital Ltd
Kestrel Capital Ltd is an award-winning investment firm that has been around since 1995. It specializes in Stockbroking and bond trading, IPOs and NSE Listings, market research, corporate finance advisory, and private placements of equity and debt among other services. In 2016, it won two awards at the Kenya Investment Awards for Research Team of the Year and Equities Dealer Of The Year. This affirms that it’s a reputable firm that offers nothing but the best services to its clients.
Suntra Investment Bank Ltd
Founded in 1990, Suntra has been serving its clients diligently for more than 30 years earning the firm a reputation as one of the top stock brokers in Kenya. It specializes in portfolio management, stock brokerage, corporate finance advisory, share transfers, and market research. Its services are available both physically and on an online platform. Apart from offering exceptional services, the firm upholds values such as teamwork, integrity and adaptability which have played a role in its success.
Sterling Capital Ltd
Speaking of international stock brokers, Sterling is one of the few international stock brokers in Kenya. This means that they offer trading access to global stock exchanges. Some of their other services include financial advisory, equity trading, market research, fixed-income trading, trust and administration. The firm was established in 1981 and became a member of the NSE in 1994. Today, it boasts a high capital base and high net-worth clientele.
ABC Capital Ltd
ABC Capital has been around since the inception of the NSE. It was later acquired by ABC Bank in 2008 which helped the firm to improve its services thanks to ABC Bank’s competent management. The firm specializes in corporate finance advisory, equity trading, market research, and portfolio management. It also offers real-time online trading services.
Genghis Capital Ltd
This is one of the largest stock brokers in the country so you can rest assured that your money is in good hands. The firm boasts of its world-class investment services offered by an experienced and professional team. It offers an array of financial services including stock brokerage, bond trading, and wealth management. Values such as integrity, value addition and life-long relationships are at the core of the firm.
AIB-AXYS Capital Ltd
With over 25 years of experience in the Kenyan brokerage business, AIB-AXYS is no stranger to many investors. It strives to create sustainable customer wealth and thanks to the capable team, the firm has managed to do so consistently earning it a good reputation in the industry. The broker has a trading mobile app known as the AIB Digi Trader app. You can access services such as real-time trading, and access to statement and market information on the app.
Renaissance Capital Ltd
Renaissance Capital prides itself on being among the top economic forecasters in the region. It offers services such as investment banking, prime brokerage and global markets. It also offers global trading access to its investors. For over 25 years, the firm has successfully served legal entities, financial institutions and high-net-worth individuals with the purpose of pursuing a customized approach to its clients.
EFG Hermes Kenya Ltd
A fairly new firm, EFG Hermes is already a leading brokerage firm both in the country and globally. It has an on-the-ground team of talented brokers and analysts to provide global institutional clients brokerage services backed by award-winning emerging and frontier market research. Some of the services it provides include securities brokerage and market research. The firm’s presence in Kenya serves as an East African hub for access to and coverage of neighboring markets.