Tuesday, 7 February, 2023

Individual accounts

Your stress-free investment journey begins now.

Investing in securities is a tried and tested means of growing your wealth and it is never too late (or too early) to start.

ALTX offers individuals over the age of 18 with a valid ID, the opportunity to open a securities investment account and instantly begin their wealth-building journey.

An ALTX investment account gives you access to innovative products, at a low cost and through whatever touchpoint you find most convenient, whether that is on mobile or web.

What can I do with my securities investment account?

Products

Why stick to the same old?

ALTX has listed several unique securities to provide you with the options and variety to build a strong investment portfolio. With your new investment account, you have access to all the right products to meet your goals. Whether that is diversification, regular payments or simply growing your savings.

  • Invest in Uganda government bonds for:
  • Low-risk investment, meaning it is very unlikely to lose the funds you put in.
  • Interest paid in two installments per year.
  • Invest in Kenya Government Bonds for:
  • Geographic diversification of your holdings, to reduce the risk in your investments.
  • A simple and affordable process as they are offered in Uganda shillings on ALTX.
  • Invest in the Tolea Exchange Traded Fund (ETF) for
  • A stress-free investment – you do not have to choose a bond, the ETF does it for you, and automatically reinvests interest payments to grow the value of your holdings.
  • Sell whenever you are ready to withdraw your funds.

 

Touchpoints

The power is in your hands.

With Direct Market Access, you do not need a middle man to achieve your goals. No phone calls, no missed emails, no stress. Just on the go investment that fits easily into your day.

All ALTX investor accounts have access to our online and mobile touchpoints:

  • ALTX Mobi – The first Mobile investment app in Uganda.
  • uTrade – Online investment portal.
  • Zaabu – USSD based investment service.

Choose what works for you.

 

 

 

How do I open an investment account?

ALTX revolutionized the securities account opening process by offering a fully online process. All you need is a photo of your ID.

Follow these steps to begin your investment journey:

  1. Visit our online account opening form.
  2. Fill in your information
  3. Upload a photo of your ID
  4. Enter your contact details
  5. Select Direct Market Access as your preferred broker (to make your own investments)
  6. Enter your payment details (bank account or mobile money)
  7. Submit your application and if all the required info is included, your account will be approved within 48 hours
  8. You will receive an email to activate your trading account.
  9. Follow the prompts to complete the process.

What do I need to know about my investment account?

Minimum Investment

The minimum investment on ALTX is 100 units, which is equivalent to a face value of only UGX 10,000. That’s right, with just ten thousand shillings you can begin earning from your investment instantly.

Account Maintenance Fees

ALTX charges a subscription fee of $6 (or approximately UGX 21,000) per year. This is an annual fee used to maintain our systems and ensure you have an unrivaled investment experience.

The fee is collected when you transact. That is only when you buy (invest) or sell (liquidate).

Regular Investment

In order to benefit from your investment account, it is best to plan to invest regularly. This can be every week, every month or every quarter. The frequency is up to you but it is important to stick with it.

The regular investment allows you to achieve the smooth growth of your wealth over time.

If you would prefer to make smaller investments, for example, investors taking advantage of our UGX 10,000 minimum, you will need to do so more often (at least weekly) in order to meet your goals.

“Be not afraid of growing slowly, be afraid of standing still.”

 

Private individuals over 18 years old, with a valid ID can open an account online.