Easy Equities good or bad?

[humbledryer]

Yes, way better than EasyEquities and way more stocks to invest in.

And deposits and withdrawals - is it straightforward to get your money in and out?

 

[mugikhan]

And deposits and withdrawals - is it straightforward to get your money in and out?

Well, I personally have used both my Global account with a SWIFT payment and Shyft with ACH. Shyft reflects within a day or two. SWIFT takes longer but also works. Withdrew back to my Global Account with ease

 

[surface]

Strangely enough, EE seems to be the only FSP that pulls any debit order exactly on 1st. With most of the other FSP's, it is always 2nd. I wonder how it works.

 

[surface]

Agreed. I'm currently at 50% MSCI World, 25% MSCI China and 25% Sygnia 4IR.

% differ for me but I am trying the above as well. China is going to take a while to come up.

 

[zerocool2009]

Strangely enough, EE seems to be the only FSP that pulls any debit order exactly on 1st. With most of the other FSP's, it is always 2nd. I wonder how it works.

Its more bank related than 3rd party

Example, I know for a fact no debit orders via FNB on a sunday

 

[surface]

Its more bank related than 3rd party

Example, I know for a fact no debit orders via FNB on a sunday

I see but Coronation hardly ever executes DO on 1st but EE always does so not sure how that works. Same bank and same account for both in my case.

 

[wonduhboy]

I withdrew to my Global Account at FNB so that I could move away from them to TDA.

How easy was it transferring from your Global account to TDA?

 

[mugikhan]

How easy was it transferring from your Global account to TDA?

Very easy. TDA gives you various methods to deposit so I just used their SWIFT details for global payment. Usually reflects within 2-3 days

 

[Speedster]

Very easy. TDA gives you various methods to deposit so I just used their SWIFT details for global payment. Usually reflects within 2-3 days

What are their fees like?

 

[mugikhan]

What are their fees like?

0$ account fee and $0 commission applies to U.S. exchange-listed stocks, ETFs, and options.

Here for more: https://www.tdameritrade.com/pricing/brokerage-fees.page

 

[AliC]

0$ account fee and $0 commission applies to U.S. exchange-listed stocks, ETFs, and options.

Here for more: https://www.tdameritrade.com/pricing/brokerage-fees.page

Can you buy fractional shares on TDA?

 

[mugikhan]

Can you buy fractional shares on TDA?

Not yet. Once they merge with Charles Schwab their parent company, they'll have fractionals for S&P500 companies. Personally, it's not that big a deal for me. The dividends that come in do make fractional shares but only dividends. I don't day trade, I invest and leave it for a long time so I do bigger amounts at a time.

 

[Jadax]

Anyone here use forex services to send money from zar to usd? Which is the best, and what zar amount is recommended to exchange at at time.

 

[mr_norris]

Anyone here use forex services to send money from zar to usd? Which is the best, and what zar amount is recommended to exchange at at time.

Don't know what the best is, but between FNB, easy equities, and the Shyft app, the Shyft app is the cheapest.

It's an expensive exercise. Wish it wasn't so costly.

 

[zerocool2009]

So I have been thinking ... I have another TFSA (unit trusts) ... with a monthly admin fee.

Mmmm, thinking to bring it all to EE

Good or bad idea ? (Total is roughly R140 000)

 

[Swa]

So I have been thinking ... I have another TFSA (unit trusts) ... with a monthly admin fee.

Mmmm, thinking to bring it all to EE

Good or bad idea ? (Total is roughly R140 000)

Well work it out yourself. Will EE give you a better return than the unit trusts do?

 

[zerocool2009]

Well work it out yourself. Will EE give you a better return than the unit trusts do?

Well, in short I moved efts from a bank to EE because of a monthly fee. My primary TFSA is with EE. Slowly my UT gets smaller and smaller as I dont top it up any more...

So ja... a call to make to sell and get it to EE

 

[Swa]

Well, in short I moved efts from a bank to EE because of a monthly fee. My primary TFSA is with EE. Slowly my UT gets smaller and smaller as I dont top it up any more...

So ja... a call to make to sell and get it to EE

Agree, unit trusts shouldn't get less if you don't top it up.

 

[Awesum]

Well, in short I moved efts from a bank to EE because of a monthly fee. My primary TFSA is with EE. Slowly my UT gets smaller and smaller as I dont top it up any more...

So ja... a call to make to sell and get it to EE

You shouldn't sell, but transfer.

 

[zerocool2009]

You shouldn't sell, but transfer.

Fnb only came to the party to transfer in June 2020!

It cost me R1200 to sell and move. Since then made R36000 in growth... so it was a good call at the time