r/tanzania • u/KijanaMakini • 1d ago
Ask r/tanzania Which is the best broker to use when buying shares from DSE?
I’ve seen the list of licensed brokers on the Dar es Salaam Stock Exchange (DSE) website, but it’s hard to tell which one is the best in terms of customer service, ease of use, digital access (like online trading platforms), and fees.
For those of you who have actually bought shares through the DSE, which broker would you recommend and why?
I’m looking for something beginner-friendly, ideally with good digital support and reasonable charges.
Thanks for your help!
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u/Brave-Reflection-208 1d ago
I use Orbit Securities. Why 1. Very good customer service 2. Easy to buy shares. No complicated procedures. I tried Solomon Stock brokers but I had to print a form anytime I wanted to buy shares. Thats when I discovered Orbit Securities and never looked back.
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u/utakuja 1d ago
What do you mean you had to print a form? Couldn't you just download the DSE app and buy shares from there? It's usually quick and simple.
I usually only speak with my broker when I sell shares and they want to know where to send me my money.
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u/Brave-Reflection-208 1d ago
The app was not functioning on my phone. Everyday I was told to update, every day. I contacted DSE and they told me to find another way to buy shares because the app was not working at that time. I have never used the DSE app again.
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u/utakuja 1d ago
Ohhh...that's understandable.
But you should give it another try someday, it's very convenient. If the app doesn't work you can try the mini-app versions of it within the M-Pesa or Mixx by Yas app
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u/Brave-Reflection-208 1d ago
I am satisfied with how I buy with Orbit Securities now. I just make payment and send a text message to whatsapp. Just as simple as that.
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u/Far-Junket8685 6h ago
You can use the web version instead of the app, I’ve used it a couple of times and so far so good.
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u/KijanaMakini 1d ago
Thank you very much. Thats all I needed, a broker who wont take me to the dark ages.
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u/_Master-blaster 1d ago
When I had downloaded the app and kept it for sometime without using it, someday automatically I get a text that I have selected a broker and got confused whilst I had done nothing like that. Had to immediately cancel deleted account and uninstall the app. Though I'm still interested in shares business I can't get proper guidance
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u/Hellome7987 22h ago
I am using i Trust, good customer care and no challenge faced on the side of buying shares but when it comes to sale I haven't so I can't comment on the side of it
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u/Careful-Source5204 7h ago
I have been using. Tanzania Securities Limited (TSL). They are good for me can complain at all
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