For as little as Sh100, you can now have a go at online tradingIn a bid to draw in mass retail investors, Standard Investment Bank (SIB) plans to lower the requirements for online forex trading. The licensed online forex trading money manager currently runs Mansa X, a fund that invests in global online forex markets, where an investor needs to put in a minimum of Sh250,000 for at least six months. SEE ALSO :Beginners’ guide to forex tradingOther than online forex markets, the money manager also gives investors exposure to commodities, precious metals, global stock indices and global single stocks. While Sh100 might seem too low to take to the markets, it adds to Sh100 million when it is pooled. For the longest time, people have assumed that forex trading is full of conmen because people have been losing money,” said Mungai.
Source: Standard Digital March 31, 2020 08:03 UTC