FBC Stockbroking Account Types

FBC Stockbroking offers a variety of account types to cater to different trading needs. The primary accounts include:

• Chengetedzai Securities Deposit (CSD) Account: This account is essential for the safe custody of shares in electronic form, as physical share certificates have been phased out.

• FBC Custodial Cash Account: This account is used for the safe custody of all monies and is utilized for share settlements.

• FBC Securities Trading Account: This account allows clients to trade on the Zimbabwe Stock Exchange (ZSE) and manage their investment portfolios effectively.

Each account type serves a unique purpose and is designed to facilitate seamless trading and investment management.

FBC Broker Account Opening Process

Opening an account with FBC Stockbroking involves several straightforward steps:

• Complete Required Forms: To initiate the process, you need to fill out the FBC Securities Mandate and the Chengetedzai Depository Company Securities Account Opening Form.

• Provide Documentation: Ensure you have the necessary documentation, including identification and proof of residence.

• Submit Forms: Submit the completed forms along with the required documents to FBC Securities.

• Account Verification: FBC will verify your information and process your application.

• Account Activation: Once approved, you will receive your account details, allowing you to start trading on the Zimbabwe Stock Exchange.

• Fund Your Account: After activation, you can deposit funds into your trading account to begin trading.

By following these steps, you can easily set up your trading account with FBC Stockbroking and start your investment journey.