Easy Equities good or bad?

NarrowBandFtw said:
good grief!

how do you ever get support from EasyEquities???

sent them a transfer instruction on 16 January, something not supported in-app, this is done via email
no automated acknowledgement email back even, no response whatsoever 10 days later

I try their support channels to follow-up, no human whatsoever, the chatbot just says send another email (yeah cause the first one worked so well) and when it offers you to chat to a human being guess what happens?

it logs another f-ing support ticket, I already have two of those as well, nobody responds, nobody contacts me and there is seemingly no way to contact a human at EasyEquities ... wtf?
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Yes I also want to know
 
Scooby_Doo said:
IBKR, I have had multiple currencies ib my account at the same time and you can choose from a range of stock exchanges.

I have not looked at ZAR specifically though.
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How do you cash out to your SA bank account? What sort of fee structure are you looking at for that?
 
Scooby_Doo said:
I have a FNB USD global account which I use to receive USD payments - I have not actually withdrawn anything from IBKR yet - so I am not sure what that cost looks like yet from IBKR yet.
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Thanks. I also have an FNB global account. IBKR is looking like a good option for me. Fees seems loads better than EE
 
Irony:

Realising you need to move as much of your investments at EasyEquities as possible somewhere else as their service is non-existent, BUT being unable to move your investments as their service is non-existent
 
So I see I got paid some dividends into my account from the Satrix Nasdaq 100 ETF. Not much, just R39. However this is supposed to be a non-dividend paying ETF, which is what I wanted so I don't have to deal with tax. See below. Does this mean I now need to include it in my tax return?

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Forum Reader said:
So I see I got paid some dividends into my account from the Satrix Nasdaq 100 ETF. Not much, just R39. However this is supposed to be a non-dividend paying ETF, which is what I wanted so I don't have to deal with tax. See below. Does this mean I now need to include it in my tax return?

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no, it has already been taxed
 
Bundu said:
no, it has already been taxed
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As it is an "international" ETF won't the it3b include amounts against codes 4216 and 4112?

Mine never use to buy a few years ago it changed and I started having to pay additional tax.
 
TiredPlatypus said:
As it is an "international" ETF won't the it3b include amounts against codes 4216 and 4112?

Mine never use to buy a few years ago it changed and I started having to pay additional tax.
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I have no idea, but AFAIK, the trading company has to collect and pay to SARS
 
zerocool2009 said:
Anyone else got prompted to apply for a TIN number (US), if you have US stocks via EE?
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Nope... and I buy/sell quite a lot on my USD account and have about 30 stocks/ETFs on there

Weird as that should have all been done by EE when you opened the account
 
Bundu said:
I have no idea, but AFAIK, the trading company has to collect and pay to SARS
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I guess a broader question for anyone on EE as I don't use them.

In your it3b do they not include code 4216 (foreign dividend income) and 4112 (the amount they withheld). And then if not enough withheld you have to pay in.

For foreign dividend income your marginal tax rate comes into play so don't think they can withhold the right amount.

Also funds like SATRIX 40 have a small REIT component which you declare seperatly and pay based on your marginal rate as it is withheld.

I don't know really know the codes are on my it3b and then I get taxed on them.
 
Forum Reader said:
So I see I got paid some dividends into my account from the Satrix Nasdaq 100 ETF. Not much, just R39. However this is supposed to be a non-dividend paying ETF, which is what I wanted so I don't have to deal with tax. See below. Does this mean I now need to include it in my tax return?

View attachment 1881772
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I think that fund was changed late last year so that it now does pay dividends. Something about not being a feeder fund anymore
 
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