If you are a Nigerian and you are interested in stockbroking, the first thing you are supposed to do is to get a stock broker or a brokerage company. There are many of such companies in Nigeria, one of which is ARM Securities. This company was formed as a result of an alliance between Hamilton Hammer & Co. Limited (HH) and Asset & Resource Management Holding Company (ARM) Limited in 2008 though ARM Limited has been operating since 1994. ARM Securities is a dealing member of the Nigerian Stock Exchange (NSE) and also their services are regulated by Securities and Exchange Commission (SEC).
Services offered by ARM Securities
The major service offered by ARM Securities is stock brokerage and advisory services. The firm has an experienced research team, the research tools made available will assist anyone in making rewarding investing decisions. Also, their team of analyst delivers daily market commentaries, highlights of your earnings, stock picks and market reports and reports from both the Nigerian and International economy.
ARM Securities also offers other services like Mutual funds equity (the money market) and real estate products. The services are available to foreign and local individual or institutional investors.
The current chairman of ARM Securities Limited is Mr. Femi Akinsanya and the company’s head office is located at No. 1 Mekunwen Road, Off Oyinkan Abayomi Drive, Ikoyi, Lagos State, Nigeria.
How to open an account with ARM Securities
You can open a stockbroking account with ARM Securities by visiting any of their head office or any of their Investment Center location. You can also open one by visiting their websites http://www.arm.com.ng or http://www.arminvestmentcenter.com. The following documents will be needed for a successful application;
- 2 Passport photograph
- Means of Identification (Driver’s License/International Passport/ National ID)
- Utility Bill (PHCN/NITEL/Water Bill)
- Two Reference Letters
If all the documents are available, your stockbroking account will be up in less than 2 working days. In trading, you can make use of ARM Securities online trading portal known as the ARM Stocktrade by visiting http://www.armstocktrade.com.
ARM Securities Customer Support
ARM has a recommendable customer support service. You can get quick answers to questions by visiting the FAQ page on their website. You can also reach them through mail and phone call, the details are contained in the ‘Contact Us’ page on their website.
Conclusion
Investing your money with ARM securities is worth it, the company has a good return interest rate. Also, your money is safe when you invest with them as they are legally registered as a stockbroking firm in Nigeria.