Online trading

Zimbabwe: Victoria Falls Stock Exchange (VFEX) introduces online trading

The Victoria Falls Stock Exchange Limited (VFEX) has launched VFEX Direct, an online trading platform designed to facilitate the buying and selling of US-denominated exchange-listed securities.

In a statement, the Managing Director of VFEX, Mr. Justin Bgoni, said that the platform was specially designed for retail investors.

“Victoria Falls Stock Exchange Limited is pleased to announce the launch of VFEX Direct, an online trading platform specifically designed for retail investors,” he said.

“VFEX Direct provides investors with an easy and convenient way to buy and sell securities listed on the Victoria Falls Stock Exchange.”

Mr. Bgoni said that VFEX Direct is inclusive and will allow the general public to invest and trade on the platform.

“Since the launch of VFEX in 2020, trading has been mainly dominated by institutional investors, and based on the feedback received, retail investors would like to participate in VFEX as well,” he said.

“In response to the needs of our valued customers, we are pleased to announce the introduction of VFEX Direct which has been developed primarily with retail investors in mind.”

Investors wishing to participate via VFEX Direct must hold an FCA (Nostro) account with any local bank.

The ZW Sunday Mail