Tag: Central Depository System
How to Open An Online Trading Account in Kenya
A Trading Account is a platform where traders can buy or sell assets. This is usually facilitated by a securities broker. This Trading Account is linked to a dematerialized account which holds investment assets like equity shares, bond securities, derivative contracts, CFDs, etc in an electronic form.
This Trading Account is also linked to your bank account which holds the cash. So whenever a trader wants to buy more assets, they can directly transfer the funds from their bank account to the trading account.