Mwekezaji
Mwekezaji
How to Open a CDS Account and Start Trading
Test User · 2 min read · 23 Aug 2026

Step 1: Choose a licensed stockbroker

You cannot trade directly on the DSE — you need a licensed brokerage firm to place orders for you. The DSE publishes a list of licensed member brokers; compare them on fees, minimum investment, and how easy their platform or process is to use.

Step 2: Open a CDS account

Your broker will help you open a Central Depository System (CDS) account. This is where your shares are held electronically — no paper certificates. You'll typically need a national ID, a passport photo, and to fill in a CDS application form.

Step 3: Fund your trading account

Deposit money into the trading account your broker sets up for you, usually via bank transfer or mobile money, depending on the broker.

Step 4: Place your first order

Tell your broker which company (by ticker symbol) and how many shares you want to buy, and at what price (or "at market" for the current price). Once matched, the trade settles and the shares appear in your CDS account.

Step 5: Keep records

Track your purchase price and date — you'll need this to calculate gains, losses, and dividend income over time. This app's Portfolio tool lets you log your holdings and see their current value automatically.

Mwekezaji AI

Educational answers only, not financial advice.