Alternatives to EasyEquities

Hamster

Hamster

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I asked EasyEquities to remove my demo accounts which they happily did, then I asked if it was possible to get a second investment account to split two portfolios and their answer was that I have to open another account - which sucks. But since this is my only option (the why is really not important) I'm considering alternatives.

There is FNB's Share Saver which is limited.

The is CoreShares which is limited to CoreShares only ETFs. I like this platform very much.

Now, anybody here used Sygnia's Alchemy or Satrix Now? Sygnia looks great except that there seems to be a lot of paper work involved. Satrix Now is the EE platform but costs seems high.

Alternatives and experiences?
 
Why? The need to split portfolios I mean?

Why not just track it somewhere like Sharesight?
 
I knew somebody would ignore the "the why is not important". Can't we just focus on alternatives?

Let's assume something silly like two different goals with overlapping instruments and move on.

Let's also assume given EE's history of mistakes I do not trust them with very large sums of money.

...let's just assume I want to know about alternatives people are using and their experiences with those platforms. Research if you will. Maybe it is the subject of my dissertation.
 
Well I did give you an alternative.

It’s just not quite the kind you are looking for.

Personally I don’t feel there is an alternative to EE. Not in this country anyway.

I looked at ABSA’s platform and even dooped into signing up for it only to be surprised by the massive monthly fees if your monthly purchases aren’t large enough.

Maybe that’s an option for you.

Absa Stockbrokers and Portfolio Management - Online share trading

Absa Stockbrokers and Portfolio Management online share trading brings you indices and FX rates as well as what differentiates our offering, including: competitive trading fees, knowledge and advice, support and information.
www.absastockbrokers.co.za www.absastockbrokers.co.za
 
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SauRoNZA said:
I looked at ABSA’s platform and even dooped into signing up for it only to be surprised by the massive monthly fees if your monthly purchases aren’t large enough.
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Had ABSA ETF Only before. Completely forgot. They started charging you a monthly fee if you aren't actively investing. Before that it was great but that totally killed it for me :(
 
Ianf1 said:
Have you tried sharenet R250 quarterly fee might kill it. https://www.sharenetsecurities.co.za/securities/
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I have not. I'll have a look :)

EDIT:

Good grief

30 basis points (0.3%) or R100 minimum; whichever is larger. A quarterly administration fee of R250 applies to all accounts. The commission is calculated per order executed. If one order to buy or sell shares is executed over two days you will be charged a commission for the value traded on each day as two separate trades. One order to buy a share and one order to sell a share on the same day will constitute two trades and will attract two separate commissions.
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Cash balances below this threshold will not accrue interest nor will interest earned that is less than R50 be paid. This rate can fluctuate. If the account is overdrawn, a charge of 350 basis points on top of the SABOR rate will be levied.
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734245

Just no... never.
 
Magandroid said:
What about etfsa? Aren't they similar platform to EE?
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Paperwork and nothing special about them. Every other platform has some kind of edge except ETFSA who's public site looks like it comes from the early 2000s. Not sure what the platform looks like but...no.
 
I've just thought about ABSA again. The no-activity fee is less than almost every other platform's monthly account fee (bar of course the once that don't charge anything). We're talking R210 here max for a year and nothing if you actually invest.

I may actually have a look at it again :)

PS: As I'm "researching" this I'm coming across a bunch of old posts of mine on other forums. I should really do the world a favour and go delete them. It takes a long time for one to figure out you don't know that much at all...
 
so what im getting is that EE is actually really really good? or have you found alts that match up or beat it?
 
PanicSaturn said:
so what im getting is that EE is actually really really good? or have you found alts that match up or beat it?
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EE is really really affordable
EE is really really easy to use

Other than that EE is ok. For the most part they don't mess up.
 
Have to agree, EE stands above the crowd.
It is a pity they haven’t (apparently) spent a cent in upgrading their platform. It’s the same thing from when I signed up years ago.
DRIP functionality? Still no
Multiple Portfolios? Still no
Portfolio Segmentation by class/industry? Still no
Better Gains Info? Still no

While they’re still the best option locally, they really should be looking at their competition abroad (Robinhood, etc) to improve their offering.
 
Hamster said:
The is CoreShares which is limited to CoreShares only ETFs. I like this platform very much.
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I have 4 of their ETFs through my OST account. Dividends on SMART and DIVTRX offer fairly good dividends. If you have a longer-term view, this might help the funds'growth.
 
Hamster said:
I've just thought about ABSA again. The no-activity fee is less than almost every other platform's monthly account fee (bar of course the once that don't charge anything). We're talking R210 here max for a year and nothing if you actually invest.

I may actually have a look at it again :)

PS: As I'm "researching" this I'm coming across a bunch of old posts of mine on other forums. I should really do the world a favour and go delete them. It takes a long time for one to figure out you don't know that much at all...
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Where did you end up? ABSA vs EE?
 
Hamster said:
Still at EE. Their systems are crap slow though and I do t think I can handle and "sorry" email from Mr. Savage.
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Any specific reason not to go with ABSA Stock Brokers? Fees too high? Considering investing when the market is low, EE seems the easiest to get into, but have accounts registered and FICA'd with both.
 
aquadat0r said:
Any specific reason not to go with ABSA Stock Brokers? Fees too high?
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Not really (assuming ETF Only/TFSA). It's a much more powerful and reliable platform.

What EE does give you is fractional shares and "instant" buy/sell transactions.

ABSA is a traditional system where you can specify the exact price you want to trade at and then play the waiting game. It's also got stop loss functionality where you can set a price at which to automatically start selling (like a market crash while you are stuck in a meeting or whatever).
 
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Hamster said:
What EE does give you is fractional shares and "instant" buy/sell transactions.
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Doesn't Absa allow you to trade fractional shares?
I read your other posts when you bought satrix ETf on EE. So trading by limit orders would never cause these overpriced issues. I read a lot of complaints about EE thread when market is closed or market maker is absent. From that point of view ABSA looks good. I am considering to move there from EE.
 
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