Easy Equities good or bad?

mervman said:
You can see what your yearly limits are somewhere on the platform. Just don't go over this amount in a year. I think it's set at sign up depending on what you choose as your employment.
If you want to go over this send them some documents showing proof of funds and ask them to permanently increase it.
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I got the limit increased last year, evidently by not enough, and will ask for an increase in the limit again but hypothetically if I keep breaching the limit every year will that lead to something more annoying eventually? Like a SARS request or something lame?
 
mr_norris said:
Can anyone here make sense of the EasyCredits stuff and how to make sure you don't buy something and lose straight away?

Bought shares in an ETF this morning, insta R2500 loss. And I used EasyCredits hoping to avoid that.

Bloody frustrating I tell you.
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Can't help you with the EasyCredits because I'm not on the platform.

The "insta loss" is unfortunately how the markets work. There is always a gap between what you buy for and what you can sell for that is then increased by any fees etc.

For example, right now, you can buy the Ashburton 1200 Global Equity ETF units for R59.24 (or more if you want more than 3500 of them) each. But you can only sell them for R58.00 (or less if you want to sell more than 640 of them) each. Then on top of that gap, buying them for R59.24 each actually costs more than that due to transaction fees. So your actual cost to buy is R59.50 each (for example) but they will only show up as being "worth" either the R58.00 you can sell them for or R58.62 (the "mid") depending on your trading platform hence your "insta loss".
 
Jehosefat said:
Can't help you with the EasyCredits because I'm not on the platform.

The "insta loss" is unfortunately how the markets work. There is always a gap between what you buy for and what you can sell for that is then increased by any fees etc.

For example, right now, you can buy the Ashburton 1200 Global Equity ETF units for R59.24 (or more if you want more than 3500 of them) each. But you can only sell them for R58.00 (or less if you want to sell more than 640 of them) each. Then on top of that gap, buying them for R59.24 each actually costs more than that due to transaction fees. So your actual cost to buy is R59.50 each (for example) but they will only show up as being "worth" either the R58.00 you can sell them for or R58.62 (the "mid") depending on your trading platform hence your "insta loss".
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Thanks, that makes me feel a bit better. I still have so much to learn when it comes to this stuff!
 
Scooby_Doo said:
I got the limit increased last year, evidently by not enough, and will ask for an increase in the limit again but hypothetically if I keep breaching the limit every year will that lead to something more annoying eventually? Like a SARS request or something lame?
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No this is not a Sars thing. It's their own requirement, why I don't know.
 
Swa said:
No this is not a Sars thing. It's their own requirement, why I don't know.
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Its probably to do with Anti Money Laundering. They use their own criteria to determine the risk profile of the individual and set limits accordingly.
You can obviously contact them if your circumstances are different to the bucket they put you in. They will probably ask a few more questions but generally it should not be an issue.
It is just a systematic mechanism to manage their risk.... many orgs do similar but using their own criteria.
 
Jehosefat said:
Can't help you with the EasyCredits because I'm not on the platform.

The "insta loss" is unfortunately how the markets work. There is always a gap between what you buy for and what you can sell for that is then increased by any fees etc.

For example, right now, you can buy the Ashburton 1200 Global Equity ETF units for R59.24 (or more if you want more than 3500 of them) each. But you can only sell them for R58.00 (or less if you want to sell more than 640 of them) each. Then on top of that gap, buying them for R59.24 each actually costs more than that due to transaction fees. So your actual cost to buy is R59.50 each (for example) but they will only show up as being "worth" either the R58.00 you can sell them for or R58.62 (the "mid") depending on your trading platform hence your "insta loss".
Click to expand...

When I buy.... I usually check a few websites if they are in sync with pricing.

I never had the issue when I buy
 
zerocool2009 said:
When I buy.... I usually check a few websites if they are in sync with pricing.

I never had the issue when I buy
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I'm not saying that it's an EE issue with how they price. It's just how the market works. You can only buy at the offer price and you can only sell at the bid price if you want the trade to occur immediately. The "price" that is displayed is usually the "mid" which is the average of the bid and offer prices or the "ruling" price which is the price of the last executed trade.

You can of course make a new bid price that is lower than the market offer price but in that case you will have to wait until a matching offer comes along before the transaction actually happens.

Add to all the above some transaction costs and the effective price that you pay for a stock/etf is always higher than you can immediately sell it for again. Hence the loss that was referred to in the earlier posts. Usually the loss is pretty small in percentage terms because transaction costs are not that high and for liquid stocks, the bid-offer spread is usually quite narrow but it is always there.
 
Jehosefat said:
I'm not saying that it's an EE issue with how they price. It's just how the market works. You can only buy at the offer price and you can only sell at the bid price if you want the trade to occur immediately. The "price" that is displayed is usually the "mid" which is the average of the bid and offer prices or the "ruling" price which is the price of the last executed trade.

You can of course make a new bid price that is lower than the market offer price but in that case you will have to wait until a matching offer comes along before the transaction actually happens.

Add to all the above some transaction costs and the effective price that you pay for a stock/etf is always higher than you can immediately sell it for again. Hence the loss that was referred to in the earlier posts. Usually the loss is pretty small in percentage terms because transaction costs are not that high and for liquid stocks, the bid-offer spread is usually quite narrow but it is always there.
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Look, i know they are making money with variable pricing! Its visible. Read their terms... you have 3 prices....
 
zerocool2009 said:
Look, i know they are making money with variable pricing! Its visible. Read their terms... you have 3 prices....
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What I am saying is that it is impossible for you to not incur this loss when trading (regardless of which platform you use to trade) to counter to your point of "I never had the issue when I buy". This has nothing to do with how EE prices their trades.
 
Jehosefat said:
What I am saying is that it is impossible for you to not incur this loss when trading (regardless of which platform you use to trade) to counter to your point of "I never had the issue when I buy". This has nothing to do with how EE prices their trades.
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I bought Tongaat now earlier. And I am already in the green, not red
 
zerocool2009 said:
I bought Tongaat now earlier. And I am already in the green, not red
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Like I said, the loss is usually a very small percentage, especially on liquid stocks. So if the share price is increasing then you will quickly make the money back. Doesn't mean it didn't happen when you traded.
 
I often try to buy US stocks that aren't available on EE.

I know that there is this form to request a stock:
support.easyequities.co.za

Will you be adding more shares and ETFs?

We will continue to assess and grow our share and ETF offering in our USD and AUD accounts. We are unlikely to offer illiquid instruments and penny shares, but if it proves to be popular with our users we will have it assessed and added where po...
support.easyequities.co.za support.easyequities.co.za

Has anyone had success doing this? I've tried it a few times then gone back to check if they've added it, but no luck.

The last 2 I tried were an ETF, ARKG - Ark Genomic Revolution and MP - MP materials (US rare earths mining).

Funny because most of the other ARK ETFs are on there ‍
 
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humbledryer said:
I often try to buy US stocks that aren't available on EE.

I know that there is this form to request a stock:
support.easyequities.co.za

Will you be adding more shares and ETFs?

We will continue to assess and grow our share and ETF offering in our USD and AUD accounts. We are unlikely to offer illiquid instruments and penny shares, but if it proves to be popular with our users we will have it assessed and added where po...
support.easyequities.co.za support.easyequities.co.za

Has anyone had success doing this? I've tried it a few times then gone back to check if they've added it, but no luck.

The last 2 I tried were an ETF, ARKG - Ark Genomic Revolution and MP - MP materials (US rare earths mining).

Funny because most of the other ARK ETFs are on there ‍♂️
Click to expand...

I've had a few of the shares added successfully - some took a few months like Draft Kings, but some others were really fast. Hoping they add AirBnB soon - it will list in the US this Thursday. One of the hottest IPOs this year!
 
I think there are more ETN available on FNBs platform, like Adobe and. Couple other stuff
 
Chris_the_Brit said:
I've had a few of the shares added successfully - some took a few months like Draft Kings, but some others were really fast. Hoping they add AirBnB soon - it will list in the US this Thursday. One of the hottest IPOs this year!
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I wonder if they wait for multiple requests of the same stock or if they add it even if just a single user asks for it.

Airbnb seems really well positioned after all that's happened this year compared. It will be interesting to see how it goes after IPO!
 
Polymathic said:
I think there are more ETN available on FNBs platform, like Adobe and. Couple other stuff
Click to expand...
Would I need an FNB account?

I've been meaning to sign up with either TD Ameritrade or Interactive brokers but having trouble figuring out whether or not it's worth it for me
 
Did a transfer from my Capitic account to EE via the widget....still not showing?

Did an EFT from FNB to EE and it was showing within an hour?

How does "feature" work slower than the normal process?
 
Tjoker said:
Did a transfer from my Capitic account to EE via the widget....still not showing?

Did an EFT from FNB to EE and it was showing within an hour?

How does "feature" work slower than the normal process?
Click to expand...
This is an email that I received from EE this week. It seems that if you do the normal EFT from Capitec to EE it can take up to 2 days and cost R1 for the EFT. If you select the "Instant Deposit" option from Capitec to EE then it costs R8. You would also have to check what it costs doing deposits from FNB to EE.

The wait is over XXXXXXXXX,


You’ve been eagerly waiting for the ability to make immediate deposits into your EasyEquities account using the widget on the Capitec app.


Well, your time has come!


If you want to skip the 2-day delay on funds hitting your EasyEquities account, choose the Immediate Transfer option. You can find a step by step on how to do this here.


Funding isn’t the only thing we’ve sped up. You can now also invest in shares and ETFs directly from your Capitec bank account and cut out the funding bit completely. Read more about this new feature here.


All of this means getting your money into the market faster, where it has the opportunity to work for you.




Instant Deposits
(Not sure if the red button will work but here is the link: https://blogs.easyequities.co.za/in...d6d3acb4|108f411b-5dde-42cd-8179-27dce32cabe8)


While we’ve got you...


We’re always rooting for you at every step of your investment journey (yay!). In fact we’re your biggest fans, which is why we make sure that we always have your back. That means putting certain processes in place to keep fraudsters out of our community.


One of the measures we have taken to ensure this is to put a hold on withdrawing your funds for a period of time after you’ve funded your account.


Take a look at what these time periods are here so you’re in the know and can plan accordingly when it comes to withdrawing your money.
 
Wonder if buying shares directly through Capitec counts towards your deposit limit.
 
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