Overview
Forthright Securities & Investments Ltd., based in Nigeria, operates without valid regulatory oversight, potentially posing risks for investors. Despite this concern, the company offers a diverse range of services including security dealing, participation in the NASD OTC Exchange, specialized offerings like FORTH-ReconS and Forth Wealth Builder Account, and access to the ForthTrader online trading portal. Investors can benefit from various account types, particularly the Forth Wealth Builder Account designed for long-term investment goals. Customer support is available via phone and email, providing avenues for assistance and inquiries.
Regulation
Forthright Securities lacks valid regulatory oversight, potentially exposing investors to heightened risks. Without proper regulation, the company's operations may lack transparency and accountability, raising concerns about the safety of investments and compliance with industry standards. Investors should exercise caution and consider seeking alternative investment options with reputable firms that adhere to regulatory requirements.
Pros and Cons
Forthright Securities & Investments Ltd. offers a range of services and products catering to various investment needs. While their security dealing and specialized products like FORTH-ReconS, ForthTrader, and Forth Wealth Builder Account provide valuable opportunities for investors, the lack of valid regulatory oversight poses risks. Despite this concern, Forthright's customer support channels provide avenues for assistance and feedback, contributing to overall service quality.
Services
Security Dealing:
Forthright Securities & Investments Limited facilitates the trading of securities listed on both The Nigerian Stock Exchange and NASD OTC Exchange on behalf of clients, encompassing equities and fixed income securities. They offer two distinct channels: Direct Market Access and Care Orders. Through Direct Market Access, clients gain real-time access to the NSE via the ForthTrader online trading portal, enabling independent order execution, immediate trade notifications, and portfolio management. Care Orders provide personalized execution services for retail and institutional clients, ensuring attention to detail and automated feedback systems for timely updates.
NASD OTC Exchange Involvement:
Forthright actively promotes and engages in primary and secondary trading activities involving equities of unquoted public companies and various asset classes on the NASD OTC Exchange. They facilitate transactions and dealings in these securities, contributing to the liquidity and accessibility of this market segment.
Products
Forthright Securities & Investments offers three distinct products tailored to meet various investment needs:
FORTH-ReconS (Forth Reconciliation Service):
FORTH-ReconS specializes in reconciling investment positions in the Nigerian stock market, addressing outstanding entitlements and unclaimed dividends on behalf of clients. This service involves a comprehensive range of tasks including reconciliation of shareholdings, recovery of outstanding certificates and dividends, dematerialization of share certificates, and more. It aims to unlock the value of investments and ensure efficient management of client portfolios.
ForthTrader:
ForthTrader is a virtual trading platform directly linked to the Nigerian Stock Exchange, allowing clients to execute their own orders in real-time from any location. Clients gain access to immediate trade notifications, market news, and portfolio management tools upon opening an account with Forthright. This platform offers convenience and flexibility for investors seeking to actively manage their investments.
Forth Wealth Builder Account (ForthWealth):
ForthWealth is an investment plan account designed to help investors accumulate shares listed on the Nigerian Stock Exchange over the long term. Clients can make regular contributions towards their investment goals, such as financial independence, education funding, or asset acquisition. Forthright provides professional advice on value stocks and executes transactions on behalf of clients. This product targets employees, Nigerians in the diaspora, businessmen, cooperative societies, and individuals looking to save for specific purposes. Key features include holding stocks for a minimum of two years, free professional advice, no management fees, and access to standard trading fees on the NSE.
Customer Support
Forthright Securities & Investments Ltd. offers customer support through various channels:
Contact Information:
Location: Forthright Place, Ikeja, Lagos.
Phone: +234 708 806 0085, +234 810 852 3236.
Email:
General inquiries: info@forthrightsec.com
Customer service: customerservice@forthrightsec.com
Brokerage-related queries: brokerageteam@forthrightsec.com
Communication Channels:
Complaint Handling:
Feedback:
Conclusion
In conclusion, Forthright Securities & Investments Ltd. offers a range of services and products tailored to meet diverse investment needs in the Nigerian stock market. Despite lacking valid regulatory oversight, their offerings encompass security dealing, NASD OTC Exchange involvement, and specialized products like FORTH-ReconS, ForthTrader, and Forth Wealth Builder Account. While their customer support channels provide avenues for assistance and feedback, investors should exercise caution due to regulatory concerns and consider alternative options with reputable firms.
FAQs
Q1: What services does Forthright Securities & Investments Ltd. offer？
A1: Forthright provides security dealing, NASD OTC Exchange involvement, and specialized products like FORTH-ReconS, ForthTrader, and Forth Wealth Builder Account.
Q2: How can I contact Forthright Securities for assistance？
A2: You can reach them by phone at +234 708 806 0085 or +234 810 852 3236, or via email at info@forthrightsec.com for general inquiries, customerservice@forthrightsec.com for customer service, and brokerageteam@forthrightsec.com for brokerage-related queries.
Q3: What is FORTH-ReconS？
A3: FORTH-ReconS is a service specialized in reconciling investment positions in the Nigerian stock market, addressing outstanding entitlements and unclaimed dividends on behalf of clients.
Q4: How does ForthTrader work？
A4: ForthTrader is a virtual trading platform linked to the Nigerian Stock Exchange, allowing clients to execute real-time orders, receive trade notifications, and manage portfolios online.
Q5: Who can benefit from Forth Wealth Builder Account？
A5: Forth Wealth Builder Account is suitable for individuals looking to accumulate shares listed on the Nigerian Stock Exchange over the long term, including employees, Nigerians in the diaspora, businessmen, cooperative societies, and those saving for specific purposes.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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