Network Capital Information
Network Capital Limited, formerly Crescent Capital Limited, is a limited liability company engaged in stockbroking, portfolio management, and related financial services, and is currently active on the Nigerian Exchange Limited. However, its lack of regulation raises concerns about its credibility and investor protection.
Pros & Cons
Pros:
- Diverse Financial Services:
- Network Capital offers a broad range of financial services including securities trading, portfolio management, share-backed loans, and financial planning.
- Variety of Account Types:
- They provide different account options, such as individual/joint, corporate, and estate accounts.
Cons:
- Lack of Regulatory Oversight:
- Network Capital operates without recognized regulatory oversight, which raises doubts about its credibility and investor protection. This can be a significant drawback, especially for beginners who require more security.
Is Network Capital Legit？
When considering the safety of a brokerage like Network Capitalor any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:
- Regulatory sight: Currently, this broker operates without recognized regulatory oversight, which raises doubts regarding its transparency and accountability.
- User feedback: For a deeper insight into the brokerage, traders should read reviews and feedback from existing clients. These valuable inputs from users, available on trustworthy websites and discussion forums, can provide firsthand information about the company's operations.
- Security measures: Network Capital's privacy policy enforces stringent security protocols to ensure the protection of customer data. It is designed to safeguard personal information through advanced encryption and regular security audits.
In the end, choosing whether or not to engage in trading with Network Capitalis an individual decision. We advise you carefully balaNetwork Capital the risks and returns before committing to any actual trading activities.
Services
Network Capital Limited offers a comprehensive range of financial services.
In financial planning, they assist clients in saving for significant life events such as retirement, purchasing a home, or wealth accumulation. Bonds offerings are a solid choice for long-term growth within a diversified investment strategy.
For those seeking share-backed loans, Network Capital provides soft loans secured by share acquisitions and values these shares used as collateral.
Their securities trading services involve facilitating transactions on the Nigerian Stock Exchange (NSE) and engaging in over-the-counter trades through the National Association of Securities Dealers (NASD), including fixed-income instruments.
In portfolio and asset management, they manage share portfolios for individuals and corporations, construct tailored portfolios, and oversee estate share portfolios.
Their primary market activities include acting as agents for issuing houses in public offerings, serving as stockbrokers for both private and public issues, and offering financial advisory services.
Account Types
Network Capital offers a range of account types for individuals, joint accounts, corporate entities, estates, etc.
Individual/Joint Accounts
To open an individual or joint account with Network Capital, applicants need to provide recent utility bills (PHCN bills, water rates, or receipts), a valid means of identification (international passport, drivers license, or national ID card), and two recent passport photographs.
Corporate Accounts
For corporate accounts, Network Capital requires two recent passport photographs of authorized signatories and representatives, along with the Certificate of Incorporation, certified copies of the Memorandum & Articles of Association, Form C02, Form C07, and a board resolution authorizing the account opening.
Estate Accounts
To open an estate account, administrators must complete Network Capital‘s account opening form, submit two recent passport photographs for each administrator, provide photocopies of their means of identification (current driver’s license, international passport, or national ID card), and a copy of a utility bill (electricity, water, or telephone).
Additionally, a resolution from the estate‘s administrators is required, preferably on the estate’s letterhead. Executors or administrators must present original documents including the probated will or letter of administration, the death certificate, court publications or gazettes, and bankers confirmation of signatures.
Customer Service
Network Capital provides customer service through physical address, telephone, email, live chat, a contact us form and an FAQ section.
In addition, Network Capital maintains an active presence on social media platforms such as Twitter, Facebook, LinkedIn, Telegram, and WhatsApp.
Tel: +2347062002333
Email: info@networkcapitalltd.com
Address: 13, Maitama Sule Str, Southwest, Ikoyi, Lagos
Worktime: 08:00 – 17:00 Monday to Friday
Conclusion
Network Capital, registered with the Nigerian Exchange Limited and the Securities and Exchange Commission as a Broker/Dealer, operates on the floor of the Nigerian Exchange Limited. It offers services including securities trading, share-backed loans and valuation, portfolio and asset management, primary market activities, financial planning, and bonds.
However, its unregulated status raises regulatory concerns to investors. Therefore, you should obtain up-to-date information directly from Network Capital before making any investment decisions. If regulatory oversight is important to you, consider exploring regulated alternatives.
Q&A
- Is Network Capital regulated？
- No, it currently operates without any valid regulation.
- Is Network Capital a good broker for beginners？
- No, although it provides a wide range of financial services and account options, its lack of regulatory oversight poses liability risks.
- What services does Network Capital provide？
- Securities trading, share-backed loans and valuation, portfolio and asset management, primary market activities, financial planning, and bond investments.
- What are the opening requirements for corporate accounts with Network Capital？
- Corporate accounts require two passport photographs of authorized signatories, Certificate of Incorporation, certified copies of the Memorandum & Articles of Association, Form C02, Form C07, and a board resolution.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
