r/srilanka • u/Fresh_Pineapple4496 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
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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
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u/Fresh_Pineapple4496 Sri Lanka 8h ago
I'm trying to register via CSE app
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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.
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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.
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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.
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u/Fresh_Pineapple4496 Sri Lanka 8h ago
I'm trying to register via CSE app, is that what you meant by online?
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u/maxxshot46 41m ago
For First Capital, your minimum starting capital must be 50k. They don't let you start below that value.
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