Easy Equities good or bad?

Swa

Swa

Honorary Master
Joined
May 4, 2012
Messages
31,213
Awesum said:
You shouldn't sell, but transfer.
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Unless it's 3rd party unit trusts are institution specific and can't be transferred. He can still transfer the money after selling so he isn't losing out on the tfsa.
 
zerocool2009

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
8,832
Swa said:
Unless it's 3rd party unit trusts are institution specific and can't be transferred. He can still transfer the money after selling so he isn't losing out on the tfsa.
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It will be at a cost to sell and transfer (vs just transferring). Anyway, thinking its time to sell my UT and topup EE
 
Awesum

Awesum

Expert Member
Joined
Sep 3, 2007
Messages
2,705
Swa said:
Unless it's 3rd party unit trusts are institution specific and can't be transferred. He can still transfer the money after selling so he isn't losing out on the tfsa.
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Ah, yes. That makes sense.
 
MDKza

MDKza

Senior Member
Joined
May 24, 2012
Messages
749
Can someone please tell me this isn't legit?

support.easyequities.co.za

Two-factor Authentication on EasyEquities

✅ App ✅ Website ✅ Capitec Widget At the moment, two-factor authentication is not available on your EasyEquities account. Rest assured that we take your account security seriously and we have implemented many measures and protocols to...
support.easyequities.co.za support.easyequities.co.za
 
M

mr_norris

Expert Member
Joined
Jun 12, 2007
Messages
3,886
MDKza said:
Can someone please tell me this isn't legit?

support.easyequities.co.za

Two-factor Authentication on EasyEquities

✅ App ✅ Website ✅ Capitec Widget At the moment, two-factor authentication is not available on your EasyEquities account. Rest assured that we take your account security seriously and we have implemented many measures and protocols to...
support.easyequities.co.za support.easyequities.co.za
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There was a bit of an uproar about this in September last year. First the CEO pretty much said it's not really needed, then after a bit of backlash, he said it was in the pipeline. Time will tell I guess.
 
T

Thamza

Well-Known Member
Joined
Nov 23, 2010
Messages
385
mr_norris said:
I was quite surprised to see that. I mean, 1% was already high, but 2% is a bit much. Would have been nice if they could somehow justify that, and perhaps inform people that it's happening.
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True that. Last week I opened an Account with Revix just to test the waters. I deposited R500 into my account and then decided to purchase their top 10 bundle, which is equally weighted. They told me upfront that the transaction would cost R20, and this is a 4% fee of my R500. The reason I opened this account is the fact that the founder (I think) said that they charge only 1%.

About 2 days later I deposited another R500 thinking maybe it was some sort of initiation fee and stuff like that. And I went ahead and purchased the same top 10 bundle of which only R480 went into it minus another R20 fee.

Where do we run to then?
 
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Scooby_Doo

Scooby_Doo

Executive Member
Joined
Sep 4, 2005
Messages
9,081
Scooby_Doo said:
PS,

If you ask EE for the DTC number they will give you the following.

DriveWealth
DTC Participant#0052
Account# xxxx-xxxx
Account Name

However that is not actually correct as the DTC participant for DriveWealth is 3856, they are actually using AXOS Clearing LLC which is 0052. This is all important when you move between US brokers.
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I am still suffering with EE to respond to my tickets. I have changed my tune about EE, they are bad.
 
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