Easy Equities good or bad?

3WA said:
They're dirt cheap. Buy a thousand, and they'll last you forever.
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R10 = 80 credits
R15 = 150 credits
R20 = 250 credits

Not sure why they went with those numbers when every price request uses 2 credits.
Should have set requests to 1 credit and halved the credits allocation per price group above.
 
AirWolf said:
I use it - if you buying and selling frequently then it helps. If you're investing long term then not so much.
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I don't see how having latest price helps one on EE though. You can only buy/sell what EE offers, isn't it? Or is it that EE offers exactly what any other broker would offer exactly at the same point of time?
 
surface said:
I don't see how having latest price helps one on EE though. You can only buy/sell what EE offers, isn't it? Or is it that EE offers exactly what any other broker would offer exactly at the same point of time?
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It can help when you choose to buy the share or not.
 
surface said:
I don't see how having latest price helps one on EE though. You can only buy/sell what EE offers, isn't it? Or is it that EE offers exactly what any other broker would offer exactly at the same point of time?
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handyman007 said:
It can help when you choose to buy the share or not.
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surface said:
as against waiting for 15 minutes?
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As with any "standard" share trading platform - the usually visible price is 15 minutes delay.
Any transaction will go through at the current live price, even on EE - they do not operate their own mini-stock exchange to give you any other price.
 
AirWolf said:
As with any "standard" share trading platform - the usually visible price is 15 minutes delay.
Any transaction will go through at the current live price, even on EE - they do not operate their own mini-stock exchange to give you any other price.
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Thank you, I didn't know this. Somehow reading the thread, I got the impression that EE has some kind of "markup" based on some algorithms. Silly I know. :ROFL: :ROFL:
 
surface said:
Thank you, I didn't know this. Somehow reading the thread, I got the impression that EE has some kind of "markup" based on some algorithms. Silly I know. :ROFL: :ROFL:
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Well it's neither here nor there. EE gives you the share at the current market price but they don't execute the actual trade right away or at the current price. You can notice this on low volume shares.
 
zerocool2009 said:
What I have seen... on every buy, before and after the executed process, you get some “less” shares... think thats how EE makes money

No jokes. Take a screenshot of the buy now ... and when the transaction is done !
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I doubt they would be doing that.

The calculation of the number of shares on the buy screen would be at the 15 minute delayed price. The actual goes through at the live. If you check the live price, that is what it should go through at (can differ by a few cents depending on the liquidity of the share and how fast it is trading). I just tested R89.78 (live price) of EC10, with 15minute delayed at R89.70. Actual went through at R89.808 (yes 3 decimals on the cents). The fraction of a cent can make a difference on the number of shares depending on the price of the share (cent fractions on cheaper shares, more impact; expensive shares, less impact) and Rand value you are are purchasing.
 
AirWolf said:
I doubt they would be doing that.

The calculation of the number of shares on the buy screen would be at the 15 minute delayed price. The actual goes through at the live. If you check the live price, that is what it should go through at (can differ by a few cents depending on the liquidity of the share and how fast it is trading). I just tested R89.78 (live price) of EC10, with 15minute delayed at R89.70. Actual went through at R89.808 (yes 3 decimals on the cents). The fraction of a cent can make a difference on the number of shares depending on the price of the share (cent fractions on cheaper shares, more impact; expensive shares, less impact) and Rand value you are are purchasing.
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I don't know how EC10 can have a delayed price. It's a unit trust on their own platform.
 
AirWolf said:
I know what it stands for.

The info on EC10 says its a Crypto index of the top 10 crptos - definitely not a unit trust.
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What are the definitions? An ETF is traded on an exchange with the price determined externally. An unit trust is provided by a private platform or institution with the price usually set by the platform.
 
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