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Best Stock Brokers in Kenya

You might be wondering what is the criteria for selecting the best stockbrokers in Kenya. The truth is that there are many unscrupulous stockbrokers in the market. For this reason, you need to find the best. You need trustworthy brokers to introduce you to the market and also provide you with quality advise to help you make good returns from your investments. In this article, we will provide you with a list of some of the best stock brokers in Kenya.

Who is a Stock Broker?

A stockbroker is a firm or an individual that charges a commission for executing buy or sell orders from an investor. Stockbrokers serve as an intermediary between buyers and sellers. They get orders from investors and earn a commission for executing those orders. To become a stockbroker, you must be licensed by the Capital Markets Authority (CMA).

What is the Role of a Stockbroker?

A stockbroker is an intermediary between the market (exchanges) and the seller or the investor. He is responsible for the following:

  • Monitoring stock market performance
  • Doing market research and analysis
  • Keeping up to date with the latest financial legislation
  • Advising the buyer about the best stocks to buy
  • Offering the best customer service
  • Helping you understand the stock market

List of Registered Stockbrokers in Kenya

The following is a list of some of the best stockbrokers that can help you trade in the stock market.

1. KCB Capital Group

KCB Capital Group is a subsidiary of KCB Bank. It was registered with the Capital Markets Authority in 2014 and has trading rights from NSE. It offers the following corporate finance services:

  • Mergers and acquisitions
  • Private wealth management
  • Project advisory services
  • Equity and debt capital markets

Read also: Best money market funds in Kenya. 

2. NCBA Investment Bank

NCBA Investment Bank is a subsidiary of NCBA Group. It is licensed by CMA and is a member of NSE. It has experienced staff that offers clients quality investment advisory. It specializes in a wide variety of services like:

  • Brokerage
  • Investment advisory
  • Research
  • Online share trading
  • Equity and debt capital markets

3. ABC Capital Limited

ABC Capital Limited is an experienced brokerage firm that has been in existence since 1954. It is owned by ABC Bank, a leading bank in Kenya. It is regulated by the Central Bank of Kenya and is also a member of the NSE. It offers quality investment advisory to its clients. It offers products like:

  • Mutual funds
  • Bonds
  • Shares

4. Standard Investment Bank

Standard Investment Bank was established in 1995 and is licensed by CMA. It is also a member of NSE. It has a team of experienced professionals that helps clients grow their wealth. It specializes in:

  • Investment banking
  • Securities trading
  • Investment management

5. AIB-AXYS Africa

AIB-AXYS Africa is a brokerage firm that was formed after the merger between AIB Capital Limited and Apex Africa Capital Limited. Both of these companies have over two decades of experience in trading. It has its headquarters in Mauritius and has subsidiaries in Switzerland, UAE, and Hong Kong. It specializes in services like:

  • Asset and wealth management
  • Asset and corporate financing
  • Taking deposits

6. Suntra Investment Bank Limited

Suntra investment Bank Limited is one of the most experienced stockbrokers in Kenya. It has over 30 years of experience. It has a team of qualified staff who offer valuable insight into the Kenyan market. It is licensed by the CMA and offers a wide variety of products like:

  • Stockbroking
  • Portfolio management
  • Corporate finance advisory

Read also: How to open a CDS account in Kenya.

7. Faida Investment Bank

Faida Investment Bank was started in 1995. It is licensed by the CMA. It has qualified professionals who provide quality advice to clients. It offers a wide variety of products like:

  • Asset management
  • Markets and institutional research
  • Brokerage
  • Corporate finance
  • Online share trading

8. SBG Securities Limited

SBG Securities Limited is a reputable stockbroker in Kenya. It has a great online platform that you can use to trade with your phone. It has a very responsive team in case you have any questions. Some of the services it offers include:

  • CDS account opening
  • Online brokerage

9. Dyer and Blair Investment Bank

Dyer and Blair Investment Bank is an international brokerage firm established in 1954. It is registered and licensed by CMA and is a member of NSE and USE (Uganda Securities Exchange).

Read also: List of best hedge funds in Kenya.

10. Kingdom Securities Limited

Kingdom Securities Limited was incorporated in 2009. It is a subsidiary of Cooperative Bank. It is licensed by the CMA and is a member of NSE. It has a team of qualified staff to offer dedicated advice to clients. It offers products like:

  • Online share trading
  • Advisory services
  • Brokerage

Summary of the Best Stock Brokers in Kenya

To earn good returns from your investment, then you need to use the best stockbrokers. Stockbrokers analyze the market and offer advice to clients. That is why it is very important to get the best. When looking for a stockbroker, ensure they are licensed by CMA. Also, consider the commission they charge. 

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