Easy Equities good or bad?

bchip said:
What company switches off audit trails, sounds fishy...
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I've seen bigger companies/institutions do far worse when their system experienced higher than normal traffic.

And you can never rule out a clumsy junior dev or a disk that ran out of space. Not that these are good excuses.
 
surface said:
After using easyequities for a month, it looks like their buy offer is nearly always 2-4 rands more than last traded price. Is this where they pocket the difference when you buy?

e.g. for Pick n pay it shows ->
Last Traded Price R 51.80
You're selling @ the Bid R 50.50
You're buying @ the Offer R 54.00
Click to expand...

I still haven't withdrawn any money from EE yet, but I am beginning to smell a rat.
 
bchip said:
Well here's one source:
http://www.noseweek.co.za/article/3041/Global-Trader-more-lies-and-deception

Anderson’s last sentence, too, is intentionally misleading: there is no regulatory action in process against the company, true, but only because the FSB believes it has no legal jurisdiction to regulate the trade in CFDs – one of the main points made in the Noseweek report.

AND

The FSB’s onsite inspection was conducted on 13 October 2011 by Maloba and Horner. They made a follow-up visit on 18 January 2012. Based on their inspection, they identified the following shortcomings in GT’s systems:

♦ The audit trail that logs all transactions effected on behalf of clients was switched off from 5 August to 12 August 2011. It is recommended that audit trail logs are never switched off.


What company switches off audit trails, sounds fishy...
Click to expand...

Okey doesn't look good at all. But for now I give them benefit of a doubt
 
surface said:
I still haven't withdrawn any money from EE yet, but I am beginning to smell a rat.
Click to expand...

Hi Surface, have you managed to confirm this is how it works for all transactions? Can't you simply offer the trade price and wait for EE to match you to a seller at that price, or am I missing something?
 
surface said:
After using easyequities for a month, it looks like their buy offer is nearly always 2-4 rands more than last traded price. Is this where they pocket the difference when you buy?

e.g. for Pick n pay it shows ->
Last Traded Price R 51.80
You're selling @ the Bid R 50.50
You're buying @ the Offer R 54.00
Click to expand...

Here is a screenshot of Hyprop.

hypropee.jpg

I wonder what really sets the difference in the price.
 
Do you guys know any ETF or shares that tracts and/or follow the Chinese economy ?

Basically I want something that gives me exposure to China and also India.
 
Sepeng said:
Hi Surface, have you managed to confirm this is how it works for all transactions? Can't you simply offer the trade price and wait for EE to match you to a seller at that price, or am I missing something?
Click to expand...
No, I have not confirmed this. I will try this week and report back.
 
Thor187 said:
I am using MSN Finance now, holy mother of god, guys go check it out, you can tract multiple portfolios including profits by emtering your transactions you can get price alerts etc !!


Absolutely marvellous compared to google.
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This +100000

It is excellent, leagues better than Google.
 
well i recently took a trading statement from them, and since November they did about 30,000 trades on the website + -10,000 per month, hopefully growing :)

so i think their systems just needs to keep up.
 
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