About Faida Investment Bank Ltd
Diving into Nairobi Securities Exchange shares presents challenges for an ordinary Kenyan investor. Faida Investment Bank makes market participation accessible and practical.
You open a Central Depository System account through the Faida M-Trader App without fees. Zero registration cost provides a clear advantage for first-time investors avoiding upfront expenses.
Pros & Considerations
- Zero-fee CDS account registration through the Faida M-Trader smartphone app.
- Tiered brokerage commission structure of 1.76% below KES 100,000 and 1.50% above.
- Seamless M-Pesa integration with instant deposit reflection and fast withdrawal processing.
- USSD dial code (*384*04#) support for buying and selling shares without internet bundles.
- Access to collective investment opportunities including the Oak Special Fund.
- •Advanced technical charting on the mobile app is basic compared to desktop TradingView.
- •Oak Special Fund carries a 6% annual management fee calculated daily.
- •Branch footprint is concentrated primarily in major urban centers.
Trading Platforms & Access Channels
Faida (FIB) provides multiple access points to monitor real-time NSE order books, submit buy/sell limit orders, and track your investment portfolio.
384 04 on your phone to trade without internet or data bundles.| Broker | Access Method | Stated Fees |
|---|---|---|
| Faida Investment Bank | Online and Mobile | 1.76% (< KES 100,000), 1.50% (> KES 100,000) |
| Dyer & Blair | Online, Mobile, and In-person | Tiered schedule published on portal |
| Genghis Capital | Online and Mobile | Published schedule |
| AIB-AXYS Africa | Online and Mobile | 1.30% digital, 1.60% offline |
How to Open a CDS Account with Faida (FIB)
To trade any company listed on the Nairobi Securities Exchange (NSE), Kenyan regulation requires opening a Central Depository System (CDS) account with the Central Depository and Settlement Corporation (CDSC).
Fee & Brokerage Commission Schedule
Kenyan equity transaction levies are regulated under the Capital Markets Act and shared between the Broker, CMA, NSE, and CDSC guarantee fund.
| Service / Transaction | Applicable Rate / Tariff |
|---|---|
| Equities Buy (NSE Shares) | 2.10% under KES 100,000 (1.76% commission + statutory levies), 1.84% above KES 100,000 |
| Equities Sell (NSE Shares) | 2.10% under KES 100,000, 1.84% above KES 100,000 |
| Treasury & Corporate Bonds | 0.035% per transaction on Treasury and Corporate Bonds |
| CDS Account Opening Fee | Free (KES 0 via Faida M-Trader App) |
| Annual Custody / Account Maintenance | KES 0 (Free Account Maintenance) |
Regulatory Standing & Advanced Considerations
Advanced trading methods improve returns, yet every strategy requires alignment with personal risk tolerance. At Faida Investment Bank, strategic planning guides asset choices. The firm prioritizes service reach and client support capabilities.
Mobile technology via the M-Trader application streamlines order placement for retail and experienced traders alike. Client reviews highlight the value of helpful customer support representatives. Faida provides accessible support desks for trade questions and technical assistance.
Some investors assume higher fees signify superior service, but tiered brokerage commissions demonstrate affordable rates maintain dependable execution. Consider the cost math: a trade under KES 100,000 carries a 2.10% total fee without reducing service quality. Faida demonstrates equity trading remains accessible without inflated charges.
For collective asset investing, the Oak Special Fund maintains competitive terms for specialized management. Aligning your portfolio with strategic growth requires understanding these operational nuances. Practical brokerage rates, responsive assistance, and diverse investment products establish Faida as a reliable financial partner.
Frequently Asked Questions
Contact & Branch Directory
Why Pair Faida (FIB) with CJ Smart Finance?
Stockbrokers provide the pipe to execute orders on the NSE. CJ Smart Finance provides the brains: AI algorithmic signals, valuation multiples, RSI alerts, and fundamental intelligence to make informed trades.
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