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Sri Lanka Equity Forum » Stock Market & Forum Help » Newbie Questions

Newbie Questions

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1 Newbie Questions on Thu Mar 01, 2012 2:56 pm

Rayess


Stock Trader
Hi all,

Got myself a Sierra act as I have a foreign passport.-

1. currently I am awaiting my Sri Lankan passport so that I can reclaim my Sri lankan citizenship - This may only be a few months away- ( maybe!!)
What would be involved for me to change accounts and then trade as a Sri Lankan once I purchase shares using the Sierra acct?

2. I am with Acuity brokers- do they provide any online tools for customer use? Is this available only after the first transaction.?

3. Do brokers charge any fees for non activity ?



2 Re: Newbie Questions on Thu Mar 01, 2012 3:43 pm

snandasiri

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@Rayess wrote:Hi all,

Got myself a Sierra act as I have a foreign passport.-

1. currently I am awaiting my Sri Lankan passport so that I can reclaim my Sri lankan citizenship - This may only be a few months away- ( maybe!!)
What would be involved for me to change accounts and then trade as a Sri Lankan once I purchase shares using the Sierra acct?

2. I am with Acuity brokers- do they provide any online tools for customer use? Is this available only after the first transaction.?

3. Do brokers charge any fees for non activity ?

2.Yes, According to CSE website they provide online trading via CDAX.But you have to deposit an initial deposit for online trading.
Acuity Stockbrokers (Pvt) Ltd., Level 6, Acuity House, 53, Dharmapala Mawatha, Colombo 3. Tel.2206206 Fax: 2206298/9
E-mail: sales@acuitystockbrokers.com, Kandy Branch Tel: 081-2205609, 081-2203623, Fax: 081-4470257
3.No,There is no rule about it.
A friend of mine open a CDS account via Lanka Securities years ago.He didn't do any transaction till today.But he hasn't pay any fees for non activity.

3 Re: Newbie Questions on Thu Mar 01, 2012 10:19 pm

snandasiri

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@snandasiri wrote:
@Rayess wrote:Hi all,

Got myself a Sierra act as I have a foreign passport.-

1. currently I am awaiting my Sri Lankan passport so that I can reclaim my Sri lankan citizenship - This may only be a few months away- ( maybe!!)
What would be involved for me to change accounts and then trade as a Sri Lankan once I purchase shares using the Sierra acct?

2. I am with Acuity brokers- do they provide any online tools for customer use? Is this available only after the first transaction.?

3. Do brokers charge any fees for non activity ?

2.Yes, According to CSE website they provide online trading via CDAX.But you have to deposit an initial deposit for online trading.
Acuity Stockbrokers (Pvt) Ltd., Level 6, Acuity House, 53, Dharmapala Mawatha, Colombo 3. Tel.2206206 Fax: 2206298/9
E-mail: sales@acuitystockbrokers.com, Kandy Branch Tel: 081-2205609, 081-2203623, Fax: 081-4470257
3.No,There is no rule about it.
A friend of mine open a CDS account via Lanka Securities years ago.He didn't do any transaction till today.But he hasn't pay any fees for non activity.
I don't sure but I remember when I asked them about Internet Trading, they said they need initial deposit of about Rs.1 million.

4 Re: Newbie Questions on Sat Mar 03, 2012 8:12 pm

mark

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@snandasiri wrote:
@Rayess wrote:Hi all,

Got myself a Sierra act as I have a foreign passport.-

1. currently I am awaiting my Sri Lankan passport so that I can reclaim my Sri lankan citizenship - This may only be a few months away- ( maybe!!)
What would be involved for me to change accounts and then trade as a Sri Lankan once I purchase shares using the Sierra acct?

2. I am with Acuity brokers- do they provide any online tools for customer use? Is this available only after the first transaction.?

3. Do brokers charge any fees for non activity ?

2.Yes, According to CSE website they provide online trading via CDAX.But you have to deposit an initial deposit for online trading.
Acuity Stockbrokers (Pvt) Ltd., Level 6, Acuity House, 53, Dharmapala Mawatha, Colombo 3. Tel.2206206 Fax: 2206298/9
E-mail: sales@acuitystockbrokers.com, Kandy Branch Tel: 081-2205609, 081-2203623, Fax: 081-4470257
3.No,There is no rule about it.
A friend of mine open a CDS account via Lanka Securities years ago.He didn't do any transaction till today.But he hasn't pay any fees for non activity.

thanks for helping the newbie,btw there is no initial deposit to start trading,everything is free of charge as i know..

5 Re: Newbie Questions on Sat Mar 03, 2012 9:29 pm

snandasiri

avatar
Manager - Equity Analytics
Manager - Equity Analytics
@mark wrote:
@snandasiri wrote:
@Rayess wrote:Hi all,

Got myself a Sierra act as I have a foreign passport.-

1. currently I am awaiting my Sri Lankan passport so that I can reclaim my Sri lankan citizenship - This may only be a few months away- ( maybe!!)
What would be involved for me to change accounts and then trade as a Sri Lankan once I purchase shares using the Sierra acct?

2. I am with Acuity brokers- do they provide any online tools for customer use? Is this available only after the first transaction.?

3. Do brokers charge any fees for non activity ?

2.Yes, According to CSE website they provide online trading via CDAX.But you have to deposit an initial deposit for online trading.
Acuity Stockbrokers (Pvt) Ltd., Level 6, Acuity House, 53, Dharmapala Mawatha, Colombo 3. Tel.2206206 Fax: 2206298/9
E-mail: sales@acuitystockbrokers.com, Kandy Branch Tel: 081-2205609, 081-2203623, Fax: 081-4470257
3.No,There is no rule about it.
A friend of mine open a CDS account via Lanka Securities years ago.He didn't do any transaction till today.But he hasn't pay any fees for non activity.

thanks for helping the newbie,btw there is no initial deposit to start trading,everything is free of charge as i know..
Before starting internet trading, I phoned almost all the brokers who gave internet trading facility. Except Asia securities, other brokers need at least 100 000 initial deposit or portfolio value to give internet trading facility. They also said I can use my deposit to buy shares. Its the minimum portfolio value you must keep and its not extractly deposit. The most suitable word is minimum portfolio value.
Most of the brokers give internet trading facility to clients who fulfill their requirements. But I missed two or three broker companies.

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