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Open an Account

Thank you for choosing Pangaea as your preferred broker. For you to start trading on the Lusaka Securities Exchange (LuSE), you first need to open a brokerage account. Please see below for the account application forms and requirements. Kindly complete scan and upload or email us soft copies together with certified copies of relevant attachments while you courier the original documentation. Once you have reviewed it, please ensure that you initial the bottom right-hand corner of each page of the brokerage agreement and sign the last page.

REQUIREMENTS FOR OPENING A BROKERAGE ACCOUNT

INDIVIDUALS:
  1. Complete New Account Application Form
  2. Complete Brokerage Agreement Form
  3. Certified Copy of National Registration Card (NRC) or Passport
  4. passport size photo
  5. Proof of residence
  6. Reference from employer or professional authority that they have known you for at least 12 months
  7. Account opening fee of ZMW 400.00
  8. A commission of 1.500% of the value of the transaction will be charged per transaction
  9. Minimum amount for investment is ZMW 1,000.00
INSTITUTIONS:
  1. Complete New Account Application Form
  2. Complete Brokerage Agreement Form
  3. Certified Copy of Certificate of Incorporation
  4. Articles of Association
  5. Anti-Money Laundering Policy or Compliance Manual
  6. Tax Identification Number or equivalent from regulator
  7. List of Directors and their IDs
  8. Letter of Reference from the Bank
  9. Certificate of good standing or equivalent
  10. Certified copy of National Registration Card (NRC) or Passport of authorized Signatories
  11. Specimen Signatures of Authorized Signatories
  12. Shareholding structure of the company
OPEN YOUR BROKERAGE ACCOUNT

How to Start Trading

A brokerage account that gives you the ability to be a key player in the Zambian and International Capital Markets
1. Download Forms

Download the Individual or Institutional Forms as well as the Brokerage Agreement Form

2. Fill the Forms

Fill the Form that applies to you and sign every page with your initials at bottom corner of every page. Sign last page

3. Scan your ID & PoR

Scan your IDs, Passport Size Photo and Utility Bill and Reference Letter from a Professional Authority e.g. Lawyer or Banker

4. Upload Documents

Upload documents below or send an email to [email protected]

Choose and Download a Form Below

New Account Application Form - Individuals
Account Application Form - Institutions
Brokerage Agreement Form

Submit Forms Below

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Frequently asked questions

Got a question about how we’re organised, applying to work for us, or looking for financial or shareholder information? View more Q&A here

Once your account has been opened, please be advised that in order to buy securities on the LuSE, you need to send us written instructions or complete the buy instruction form, indicating the terms within which you would like to trade i.e. price limit, volume or available funds for investment. Our transaction fees total 1.5% of the value of your trade, which includes the brokerage and regulatory fees. As a buyer, your account needs to be prefunded, so you would need to transfer the funds and give us proof of payment as you give us your instructions.

At the point at which you would like to sell securities, you will still need to send us written instructions or complete the sell instruction form, indicating the terms within which you would like to trade. The transaction fees are the same as when you are buying i.e. a total 1.5% of the value of your trade, which includes the brokerage and regulatory fees. You would also need to provide us bank details to which funds from the sell of your securities should be sent on settlement.
Each time you trade, we will provide you a contract note as proof of your transaction. The LuSE runs a T+3 settlement cycle therefore, it takes 3 working days for your transactions to settle, unless otherwise stated.