NCBA OST Platform: NCBA Investment Bank is an arm of NCBA Group Ltd that is responsible for dealing with investments and securities. Their tagline is ‘Your Money Never Sleeps’.
This department caters to the provision of wealth management, advisory services and stock brokerage through its online share trading platform.
NCBA Group Ltd is a member of the Nairobi Securities Exchange. As such, one of the services they provide to clients is the opportunity to trade NSE shares. This is done through their user-friendly Online Share Trading (OST) platform.
Clients receive direct, real-time access to the markets and can manage their investments as well as do live trading through the OST platform. Other features include portfolio valuation and transaction statements This is for customers who prefer having their trading experience on a desktop or laptop.
Additionally, NCBA clients can connect directly to the NSE trading platform through the NCBA Mobile Banking smartphone app. The app is compatible with Android, iOS and Blackberry devices giving customers the power to act as their own broker while trading shares securely and conveniently on their smartphones.
Steps to trade shares on the NCBA OST Platform
Starting your online shares trading journey with NCBA is straightforward. Follow these steps to register:
- Open a CDSC Account: Visit an NCBA branch to open your Central Depository and Settlement Corporation (CDSC) account. Download the relevant forms from the NCBA Investment Bank website:
- Individuals: Personal Account Opening Form
- Corporates: Corporate Account Opening Form
- Groups/Couples: Joint Account Opening Form
- Sign the Online Trading Agreement: This agreement is available on the NCBA website.
- Set Up Your Account: Head to the NCBA Online/Mobile account home page and select ‘Sign Up’. Enter your CDSC account number, ID number and email. Choose a username, accept the terms and submit your details.
- Receive Login Credentials: NCBA Stock Brokerage will email your credentials.
- Login and Start Trading: Use the credentials to log in at NCBA OST, set your password, and you’re ready to go.
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How to fund your trading account
In order to channel money into your share trading account, NCBA offers two options:
- M-Pesa Paybill: Use Paybill number 488522 and include your CDSC account number in the account section.
- Bank Transfer/Deposit: Deposit funds directly into the following account and send a confirmation email to [email protected]:
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- Bank Name: NCBA Bank
- Branch: City Centre
- Account Name: NCBA Investment Bank
- Account Number: 1000132604
- Swift Code: CBAFKENX
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