Easy equities Alternative

Z

zizebra

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Hi all,

Just checking to determine if there are any worthy alternatives to Easy equities in terms of cost? Looking for anything cheaper than EE. I read the thread from 2020 which seems to be none at the time. Perhaps after 3 years there is a new entrant
 
Go offshore with IBKR and Shyft. Buy USD with Shyft, transfer to IBKR at $14 (fixed) and invest.

Access to a wider range of UCITS and normal ETFs with lower expense ratios.

I also invest with Lime Trading. They don't charge for trading, but they only accept SWIFT. That's kind of limiting and costly. Wise transfers might be an option here.

I have EE too, just deposit and trade once every month to counter the Thrive fee.
 
r4nd0m said:
Go offshore with IBKR and Shyft. Buy USD with Shyft, transfer to IBKR at $14 (fixed) and invest.

Access to a wider range of UCITS and normal ETFs with lower expense ratios.

I also invest with Lime Trading. They don't charge for trading, but they only accept SWIFT. That's kind of limiting and costly. Wise transfers might be an option here.

I have EE too, just deposit and trade once every month to counter the Thrive fee.
Click to expand...
What I be doing as well
 
You don't need to trade each month with EE. Just deposit R25 that's all...
You just deposit Rands into EE, convert to USD (2% fee <-- that is standard worldwide) then buy stocks / EFT's in USD

I've never used Interactive Brokers <-- IBRK but here is a video that is very straight forward. There are always fees, IBRK to Wise to SA as per this video is around $10 it seems

 
Investec should be rolling out their platform called Clarity to non-Investec customers soon. If you already have an Investec account you should be able to use it already.
 
Jehosefat said:
Investec should be rolling out their platform called Clarity to non-Investec customers soon. If you already have an Investec account you should be able to use it already.
Click to expand...

knowing Investec it will be as follows: :ROFL:

Monthly admin : R900
Comm per local stock : R75
Comm per intl stock : R200
Monthly newsletter : R150
Admin on admin : R99
Minimum balance : R400,000
Minimum trade : R18,000
Minimum comm on trade : R850
Must trade daily or penalty of : R200
Average fee per trade : R1,500
 
Wrath of Khan said:
knowing Investec it will be as follows: :ROFL:

Monthly admin : R900
Comm per local stock : R75
Comm per intl stock : R200
Monthly newsletter : R150
Admin on admin : R99
Minimum balance : R400,000
Minimum trade : R18,000
Minimum comm on trade : R850
Must trade daily or penalty of : R200
Average fee per trade : R1,500
Click to expand...
dailyinvestor.com

EasyEquities versus Investec Clarity

Clarity business head Tinus Rautenbach has dismissed Purple Group CEO Charles Savage’s argument that the platform is aimed at traders rather than investors.
dailyinvestor.com dailyinvestor.com
 
So "Investec Clarity" is actually CFD's only... you don't own anything, ever. That's not very clear, what a scam.

FML that's insane for anyone who ever does that, absolute madness.

avoid
avoid
avoid
avoid
avoid
 
Wrath of Khan said:
So "Investec Clarity" is actually CFD's only... you don't own anything, ever. That's not very clear, what a scam.

FML that's insane for anyone who ever does that, absolute madness.

avoid
avoid
avoid
avoid
avoid
Click to expand...
What makes CFDs "insane"? The only difference to shares is that you are taking credit risk on the issuer (in this case Investec) as well. So as long as the issuer doesn't fail, they are basically exactly the same as shares from a returns perspective. Granted you don't have voting rights but honestly your 10 Nvidia shares aren't going to give you enough voting rights to be useful anyway.
 
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