There’s a saying that goes “if you want to go fast go alone but if you want to go far go together”. If you’re an individual investor and find the idea of investing with a group of like-minded people C-trade had you in mind when they created investment clubs. There are many reasons the idea of a club works for people while keeping things easy to manage. So if you’ve ever wondered how to start a C-trade investment club this one is for you.
Investment Clubs
The C-trade investment club brings together individual investors into a group that buys and sells securities together. The club is convened by a club chairperson. Members contribute voluntarily to the club, amounts to be contributed are agreed upon by club members beforehand. Many clubs contribute on a monthly schedule but that is entirely up to club members. To understand the details of investment clubs you can read this in-depth look at C-trade investment clubs. Now let’s get on to the part you came for.
Step 1
The first step is to be registered with C-Trade which you can learn how to do here. All people who intend to be added to the club must also be registered for C-Trade.
Step 2
From the home click on Clubs at the bottom left corner of the screen.
Step 3
Click “Create Club” at the bottom left corner of the screen
Step 4
In the dialogue box, you can enter the club name and description/welcome message. You can use the message to inform new members of club information or club purpose.
Step 5
Once the club is created you will see it on your My Investment Clubs screen. As the creator, it will be marked as Chairman. If you are a member of any others you will see them here too. Your club is now set up, so we can start adding members to it.
Step 6
Click on the club to view the club details. At present, our club has no information. Click on Members at the bottom to view club members. You will be the only member on the screen at first.
Step 7
Click on the add member icon at the bottom right to add a member
Step 8
In the dialogue box you will be asked to add the member’s Forename, Surname, (C-trade registered) email address and (C-trade registered) phone number. Once details have been completed press post invitation. The recipient will be asked to approve the request to join.
Step 9
Once they have accepted the invitation they will appear on the membership list.
Step 10
Through the club home screen, you can view the following
- Add member – chairperson only
- Contribute or withdraw (chairperson only)
- View club transactions
- View club order history
- Buy and Sell (chairperson only)
- View total club investments
- View member contributions
- View club members list
- View and write on the club noticeboard
The rest of the transacting is as normal with C-Trade. You can read the article on Clubs to understand how transactions are dealt with within the membership.
