Easy Equities good or bad?

AirWolf said:
If you think EE is having issues, FNB online now takes at least 2.5hours to confirm trades.
Click to expand...
Out of interest how is your experience buying shares through FNB, I just applied for their sharesaver account and curious to know more.
 
wcm said:
Out of interest how is your experience buying shares through FNB, I just applied for their sharesaver account and curious to know more.
Click to expand...
I personally use EE. I assist one of the directors with trades on his FNB profile.

Much of a muchness:
- Similar functionality;
- EE seems to process trades much faster. Before lockdown FNB was a a couple of minutes, now hours.
- EE is cheaper fees wise at 0.6% (regardless of value) while FNB is about 1% with a certain minimum fee.
- General consensus here is you might experience bigger spreads on EE for shares with low volume of trades.
 
wcm said:
Out of interest how is your experience buying shares through FNB, I just applied for their sharesaver account and curious to know more.
Click to expand...

The positive side, I moved my tfsa in the second week of March to EE. I chose 3 international fees...

1. EE dont ask a monthly fee, fnb does
2. You can choose awesome etf’s, Share Saver is linked to 2 local funds. Ash Top40 and Ash midcap
3. A huge broker fee was charged when I sold my tfsa shares

Honestly, looking back in 5 years... moving the tfsa the best move ever!

Dont use a bank for investing... use a bank for banking (nothing more)
 
1586935431772.png

I went all out crypto, sold all US stock I had they were all in the green so everything still above the amount I invested.
 
AirWolf said:
Anyone move from EE to parent GT247? And can you transfer your portfolio?
Click to expand...
Both owned by a the same people so ask them? Shares/instruments belong to you and can be transferred between platforms for a fee. The fractional shares you won't be able to transfer (cash transfer).
 
Question about EE and Satrix Now. Its again the same engine. On EE no monthly fees, but on Satrix Now there are... same funds...

Why?
 
Last edited:
Ok ... so I can confirm Satrix and EE is actually the same firm (l o l). I knew they used the same "engine" ... but not the same firm.

So, what I could confirm so far, on the Satrix leg, there is a platform fee per month, and on the EE side ... Nothing
 
zerocool2009 said:
Ok ... so I can confirm Satrix and EE is actually the same firm (l o l). I knew they used the same "engine" ... but not the same firm.
Click to expand...

Satrix wholly owned by Sanlam who also has 30% stake in Easy Equities
 
zerocool2009 said:
Ok ... so I can confirm Satrix and EE is actually the same firm (l o l). I knew they used the same "engine" ... but not the same firm.

So, what I could confirm so far, on the Satrix leg, there is a platform fee per month, and on the EE side ... Nothing
Click to expand...
Satrix is owned by Sanlam and Sanlam also acquired a 30% stake in EE a few years ago.
 
Hamster said:
Satrix wholly owned by Sanlam who also has 30% stake in Easy Equities
Click to expand...

Well, I called Satrix regarding my question .... and so I called EE too (the same guys took my call) on both sides.

So I asked them ... are you the same firm (and they said yes)
 
  • Haha
Reactions: 3WA
zerocool2009 said:
Well, I called Satrix regarding my question .... and so I called EE too (the same guys took my call) on both sides.

So I asked them ... are you the same firm (and they said yes)
Click to expand...

Probably share a call center. Would make sense especially if you are sharing a platform.

Anyway, I cannot understand the fees. Would've thought that investing via Satrix Now would be cheaper. Maybe the TER of the ETFs are cheaper? Annual fee though :/

I don't get why anybody would got to Satrix directly. CoreShares are also moving their platform to ETFSA's.
 
I started my Satrix profile way before EE came to light.

So recently, looking when Satrix became SatrixNow ... and the same "EE" engine, I can clearly see platform fees on the SatrixNow side, but not on the EE side.

So as I said on the top, I am now considering moving my EFT;s without selling them from A to B

Talking to the support teams, it came to light, the same guy ( l o l )
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X