Escrow Systems Launches Online Trading Platform
Harare – Today Escrow Systems Zimbabwe Limited in partnership with SEC Zimbabwe has launched an online trading platform called C Trade, where you can buy and sell shares and bond through your phone, laptop or desktop, anywhere anytime as long as you have internet connectivity.
Buying and selling stock investments used to require a phone call to a stockbroker who would charge you an arm and a leg to execute your stock trade.
These days you can now enter your own stock trades through your favourite stock broker’s website or stock trading app. It is therefore vital to follow along for reviews of the best stock trading apps and may the market forever be in your favour.
With continuous innovations in the technology sector, there are plenty of trade apps available on the app store one can use for stock trades. For beginners, it is vital to use one and or free.
Unfortunately, one could find a Zimbabwean platform that does all that for you on your laptop, Smartphone in the comfort of your home.
The C-Trade platform performs the following: Promotes financial inclusion, Multiple capital market access channels, Access to multiple trading markets, Access to multiple liquidity channels, Centralized Order Routing, Centralized market surveillance & monitoring, Real-time Business Intelligence.
It also provides Real-Time transacting, Modern Technology, Strategic flexibility, Supports mass usage, Enhanced market efficiencies and Enhanced price discovery of securities. Although the platform is loaded with nice features this will affect brokers on losing the cake’s portion of their income.
In a report, Stockbrokers’ Association of Zimbabwe vice-chairperson Arnold Dhlamini admitted that incomes would be affected but that since C-Trade is targeted at the unbanked who controlled a small percentage to the revenue earned by brokers.
Escrow Systems also have a shortcode for Netone, Telecel and Econet which is *727# for all those who want to trade and they don’t have smartphones and Computers without an internet connection.
To join the platform all you have to do is to register on your smartphone, laptop and a phone.
To Download the App: Click Here