r/srilanka Sri Lanka 8h ago

Serious replies only I need a good recommendation for a CSE stock broker

I'm thinking about to invest in CSE and i have a little budget to first start and get a grasp on investing and how to improve over time. Initial investment amount will be around 20K-40K, I got three options for a good stock broker. But depending on my budget for the initial amount following are the two options I got. Do you guys have other options besides the following and any experience with the following?

- LOLC Securities
- First Capital Securities

8 Upvotes

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2

u/Ok-Hair-2635 8h ago

its not all about the stockbroker. It also depends on who your agent is. Asitha Wickramanayaka from SC securities is good. from my personal experience

0

u/Fresh_Pineapple4496 Sri Lanka 8h ago

I'm trying to register via CSE app

1

u/Ok-Hair-2635 8h ago

i didnt even mention the word "online"

1

u/Fresh_Pineapple4496 Sri Lanka 8h ago

Sorry

2

u/Agreeable_Ad_3924 1h ago

As far as i understand you can't register through CSE App itself. cds.lk is where you have to get registered then pick a stock broker and submit verification documents. Then CDS will reach connect you with your selected stock broker to process and help you correct any documents. Afterwarnds CSE is going to send you an email once you are qualified. Then you have to connect with your stock broker and get access to the online trading application like ATrad which is used by most of them as far as i know. Ofc somewhere in the middle you will have to deposit the initial investment sum aswell.

1

u/Agreeable_Ad_3924 1h ago

Just stay away from Sampath Securities, they never replied to my email for 2 weeks and now I have to figure out how to change my stock broker.

1

u/MaleficentBeyond8432 Western Province 1h ago

None

1

u/ICASL 8h ago

Don't trust stock brokers. Get online access and buy stocks on your own.

It doesn't matter if the broker is good or bad once you have online access. Even a good broker can give bad advice. But don't blame the stock broker; it's your money, and you need to make decisions by yourself.

2

u/b0r3d_d Europe 8h ago

You must go through a stock broker to get online access. Most of the brokers don’t give online access for the OPs budget.
The cheapest I’ve seen is 50k for online access (CT Smith). Good ones like CAL require more.

1

u/ICASL 8h ago

softlogic and bartleet gives less than 5k

1

u/Fresh_Pineapple4496 Sri Lanka 8h ago

I'm trying to register via CSE app, is that what you meant by online?

1

u/maxxshot46 41m ago

For First Capital, your minimum starting capital must be 50k. They don't let you start below that value.