Ophir Markets is pre-launch and does not hold a licence from the Securities and Exchange Commission of Zambia or an authorisation from the Bank of Zambia. It intends to operate only under such authorisation, held directly or through a licensed partner. Until then the platform is a practice and information product: live trading is not available, and nothing on this site is an offer or solicitation to buy or sell any security.

No broker or custodian has been appointed yet. The platform is designed for Zambian equities to be routed through a member broker of the Lusaka Securities Exchange and settled through the central securities depository, and for any foreign securities to be carried by a regulated broker-dealer. The appointed firms, and the investor protection that applies to each, will be published here before live trading opens.

Ophir Markets does not provide personalised investment advice. Analyst ratings, price targets, news, screeners, and educational content are provided for information only and are not a recommendation to buy, sell, or hold any security. Consider your own circumstances, and seek independent advice where appropriate.

Securities prices fluctuate, sometimes sharply. You may lose some or all of your invested capital. Emerging-market securities, small-cap securities, and concentrated positions carry elevated risk. Diversification does not guarantee a profit or protect against loss.

Investments in U.S. securities are denominated in U.S. Dollars while your deposits and withdrawals are in Zambian Kwacha. Movements in the ZMW/USD exchange rate will change the Kwacha value of your account independently of your investments’ performance, and may amplify gains or losses.

Fractional shares are executed through our brokerage partners’ fractional programmes. Fractional positions may not be transferable to another broker in kind, may have limited voting rights, and can only be liquidated through the platform.

Zambian Treasury Bills and Government bonds are obligations of the Government of the Republic of Zambia. Yields shown are indicative auction yields; realised returns depend on the accepted auction price and holding period. Early exit before maturity may not be possible or may occur at a discount.

Currency conversions include a disclosed spread over the interbank reference rate. All fees applicable to a transaction are displayed on the review screen before you confirm. A full fee schedule is published on the Pricing page.

You are responsible for your own tax affairs. U.S.-source dividends are generally subject to U.S. withholding tax; a W-8BEN declaration is collected during onboarding where applicable. Zambian tax treatment of capital gains, dividends, and interest is your responsibility to report to the Zambia Revenue Authority. Ophir Markets provides annual summaries to assist, but does not provide tax advice.

If you are unhappy with any part of our service, contact support@ophirmarkets.com or use the in-app Help Centre. We acknowledge complaints within one business day and aim to resolve them within 14 days. If you remain dissatisfied, you may escalate to the Securities and Exchange Commission of Zambia.