Sep 27

Imara SP Reid

To our knowledge, Imara SP Reid is the only broker that is able to provide pan-African broker services to retail clients, with access to 23 African countries. While this is not without its challenges, it is an interesting, unique selling proposition. Locally it offers a solid full-service brokerage. Clients can trade a suite of instruments including shares, CFDs, warrants and some other derivatives. Brokerage tends to be on the more expensive side with an annual account fee of R285 levied biannually. The broker provides clients with extensive research on various African exchanges with as many as 120 reports published in the last quarter. Emphasis is placed on covering mid-cap stocks. Its website is basic, but functional. A dedicated relationship manager/adviser is assigned and available to each client.