Frequently Asked Questions
What does it mean for Chipper being admitted as a Stock Broker/Trading Participant on the Uganda Securities Exchange?
This simply means that our users/customers can now (in addition to investing in the global stocks), buy/sell Ugandan listed stocks/shares on the Uganda Securities Exchange (USE).
What is a Share?
A share is a single unit of ownership in a company. When an individual buys shares, he or she buys a stake in a company.
How do I become a shareholder or participate in investing in the stock market in Uganda?
In order to get started investing in the stock market;
You must open a Securities Central Depository (SCD) Account with Chipper Technologies Uganda via the USE easy portal link https://scd.use.or.ug/ then choose Chipper.
Your SCD account will hold shares, not funds. Unlike banks, there are no minimum balances or monthly charges for your SCD account.
You can also open an SCD account via MTN USSD code *165#, then select Option 6.
How do you buy/sell Shares via Chipper Cash App in Uganda?
At the moment you cannot directly purchase shares from the app. However, Ugandan Stocks will be added to the Chipper app by end of Q4.
For now, you can reach out to our Brokerage Team via [email protected]; or call +256783098362 to place your trading instructions.
How much commission will I be charged for trading Stocks in Uganda?
We charge 2.1% Commission/Fees on every trade as stipulated by the Capital Markets Authority of Uganda.
How do I benefit from owning shares?
Ownership: An investment in shares gives you part ownership of the company.
Voting Rights: As a shareholder, you will be a participant in the running of a company through your Voter’s Rights. Voting rights give you the power to decide on future company actions at the company Annual General Meeting (AGM).
Income Return/Dividend: If market conditions are favorable, some companies pay out dividends which can make the investor money even if the share price does not rise.
Form of Savings: Some shareholders commit a part of their monthly salary or earnings to buying shares. Share prices can increase by any margin unlike fixed deposits which have a fixed interest rate.
Capital Gains: When a stock price rises higher the price you purchased it, at the selling point- you gain more than your initial principle investment amount.
What risks may I face by trading in shares?
Share prices vary widely on a day-to-day basis. This may be caused by changes in the industry, economically or politically driven.
How can I be helped if I have unpaid dividends in Uganda?
Please reach out to our Brokerage Team via [email protected]; or call +256783098362 for support.
Do you need further assistance?