Frequently asked questions (FAQ)

Sigma Securities Limited was duly registered by the Securities and Exchange Commission as a broker dealer and was also granted a Dealing Membership license by the Council of The Nigerian Stock Exchange on 26th July, 1995.

The minimum amount required to open a Sigma Securities Stockbroking account is NGN5m (five million naira) or transfer of shares from another stockbroking firm

You can do this via a cheque deposit or internet banking fund transfer

Yes, At the point of account opening, you will be given login credentials that will enable you view your stock portfolio. Immediately you open a Sigma Stockbroking Account, submit the necessary KYC documentation and fill out the CSCS account opening forms; your login details will be generated automatically and sent to you via e-mail.

Yes, you will receive an automatic alert through email and via sms.

Definitely. Once you intend to use your shares fpr this purpose, you need to write a letter to Sigma Securities for lien placement on your stock portfolio informing Sigma of the Bank of Financial institution that you want to get a loan from.

Once you click the “forgot password button”, your password will be refreshed and a newly generated password will be sent to your e-mail address.

Once your shares are sold and the trades has settled; please send an instruction to Sigma Securities to the funds to your bank account.

Whenever you want to buy or sell shares on the Nigerian Stock exchange market, you can indicate to Sigma Securities that our brokers should buy or sell a stock for you at prevailing market price immediately there is a supply at the current market trading price.

As the name implies, this is when you set a target or cut-off price for your buy or sell mandates. Meaning that the broker should not buy or sell unless that price you set is reached.

The cost of buy or sale of shares on the Nigerian Stock exchange through Stock Brokers in Nigeria range between 1.49% and 1.86% for buy mandates and between 1.82% to 2.19% for sales of shares

1. You need to complete a Central Securities Clearing System Limited (CSCS) Account Opening Form. The CSCS administers the Financial Market Infrastructure (FMI) for the Nigerian Capital Market. The institution ensures the transfer of shares and other forms of securities from seller to buyer and its settlement (the payment).

2. You need to fill the Sigma stock broking account opening form. This is done to obtain necessary Know Your Customer (KYC) information about the client. The form is submitted with necessary documentations, which will be advised on the form.

Once the stockbroking account has been opened and all necessary Know Your Customer (KYC) documentations have been submitted. The client can fund their trading account by transferring funds into Sigma Securities Limited’s bank account.

Be sure you invest over an array of different stocks. Investing in a single type of stock is very dangerous. For example, if you’ve only invested in one stock and it fails, you’ll lose everything.

Having patience, while being familiar with each company and tracking market trends are beneficial to helping you succeed in the market. Your main goal should obviously be to profit, and profiting means learning the ins and outs of the marketplace. You could be earning profits from wise stock market investments sooner than you think.

Do a thorough research into the companies and look over financial statements in order to better understand the weaknesses and strengths of each company’s stocks. By doing this, you can carefully consider whether you need to own certain stocks.

Think of your stocks as interest in a company that you own, rather than just simple financial elements to be traded. Stocks are much more than a piece of paper for selling and buying. When you own some, you become a member of the collective ownership of that specific company you invested in. You are granted a right to earnings and a claim on assets by virtue of owning a company’s stock. You may even have a voice in determining the company’s leadership and policies if your stock includes voting options.

To establish yourself as a successful stock investor, create a solid plan with specific details and map it out in writing. Whether you are investing in the Nigerian stock exchange through stock brokers in Lagos or a stock brokers in Abuja, the strategies in your plan should be about when you will buy and when you will sell. It must also include a clearly defined budget for your securities. This way you will know that you are spending only the money you have allotted for investing and choosing wisely with your intellect and not your emotions.

Keep stock investment plans simple when you are beginning. It can be fun and exciting to pick a buffet platter of stocks but as a beginner, you need to start off small. This ends up saving you a whole lot of money in the end.

Consider seeking out the opinions of a financial adviser on occasion, even if you plan to oversee your investment yourself. A good professional won’t just give you great individual stock picks. They can help you clarify important strategic investment points, such as your overall goals, your preferred timeline, and your tolerance for risk. You can then formulate a solid plan together based on this information.

Don’t allow investing to make you oblivious to other profitable investing opportunities. Many other wise investments exist, such as bonds or mutual funds. It’s advisable to diversified investments to protect your wealth.

Anybody has the ability to invest within the stock market, but only some have the knowledge and desire to research in order to earn the highest profit. Take the time to learn more about the stock market and practice with cheap stocks before you build your portfolio. Keep these tips in mind so you can start investing today