I too were thinking along the same lines. During the previous regime the Treasury Secretary wanted the Pensioners to join the Stock Market without depending on fixed income on their deposits. I have a suspicion that Brokers are allowed to give margin facilities based on a percentage of their client portfolio. Are these people pushing out the small investors to accommodate the sharks. Even in this scenario I cannot imagine their choice as they recieve the same commission from all shareholders unless they are in the game with the large manipulators taking us all for a ride.123longway wrote:While we see the CSE & CDS are trying to promote small time investors. They even went to the extent of allowing one share as the minimum share to purchase.
This action of the broker is contradicting the policy of the CDS which wants to popularise the stock market trading islandwide.
Therefore, in the circumstances, I suggest that the Chief of the forum must refer this matter to the CDS and have a common ruling on this matter before the other Brokers too decide to change the prevailing rules and regulations.
Unfortunately the suggestion to the Chief of the Forum to refer this matter to CDS will be a no go because Quibit has stated ' Asia Securities still remain as a most flexible broker outfit'
This could also mean that they do somethings for some people out of line.
AS for Anjelo's comment ' their service is good and friendly and Priyantha is the good guy' I cannot understand why you need good guys and friendly service if you are dealing on-line.
I leave this for our members to decide as I have decided to move out of Asia Securities for good advice all my friends to do so.