Easy Equities good or bad?

xrapidx said:
So they've replied simply stating that its in their Cost Profiler - however, when they told me there was R150 transfer fee, and that the partial holdings would need to be sold, I specifically discussed topping it up, instead of selling it for a cash balance - I then replied that they can only sell the partial shares if they transfer the entire holdings, i.e. shares + balance - they didn't respond - and sold the partial shares, and have only transferrred that - basically, they did not accept my instruction fully - and did as they pleased.
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Response this morning after logging a complaint is that they'll continue with the tranfer, waiving the fee... will update if/when done.
 
Am i missing something? Why is everyone jumping ship?
 
Eish ok. Must be a ball ache of note to close your account etc.
I am in the process of moving my TFSA acc from Capitec to NinetyOne and that is a mission. On the Capitec side.
 
W@P said:
Am i missing something? Why is everyone jumping ship?
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I started moving two months before the fee, my reasons were:
* Investec launced Clarity - which I started playing around with and preferred.
* EE kept aborting my exchange rate transfers with no reason, and it always seemed in their favour when I had to redo it. I raised it multiple times and was just brushed off.
* EE Unit Trust purchases kept getting "stuck" - and not processed.
* I've had entire an holding dissappear on EE - if it wasn't monitored by an external app I would never have noticed.
* EE account constant has balancing issues - I've raised it and been ignored.
* EE Property is overvalued to make it look like there's growth, when in-fact - the opposite seems to be happening

I just don't trust them - they seem to run a very buggy amateurish show - I have no idea what's going to happen with them in the future, but I'd prefer my money elsewhere.
 
W@P said:
Eish ok. Must be a ball ache of note to close your account etc.
I am in the process of moving my TFSA acc from Capitec to NinetyOne and that is a mission. On the Capitec side.
Click to expand...
I started at the beginning of the month with moving my TFSA account from EasyEquities, still in progress... its not a fun process.
 
Apologies if this has been asked before.

Screenshot_20231123-094702_EasyEquities.jpg

Is it even legal for them to sell off shares to cover the monthly fee?
 
adephi said:
Apologies if this has been asked before.

View attachment 1622471

Is it even legal for them to sell off shares to cover the monthly fee?
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Institutions do it all the time... I would however go to an ombudsman if they sold shares in my TFSA to cover a daily trading account's fees - if they insist you can't close it while having an open TFSA. i.e. they're forcing you into a loyality program with fees unreleated to your TFSA.
 
xrapidx said:
Institutions do it all the time... I would however go to an ombudsman if they sold shares in my TFSA to cover a daily trading account's fees - if they insist you can't close it while having an open TFSA. i.e. they're forcing you into a loyality program with fees unreleated to your TFSA.
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I just recently started to play arround with EE and only found out about this by chance.

Just to play around and get accustomed to the whole thing I deposited R100 in the EC10 ETF. Now what if I leave it there and it runs out? Are they going to hand me over to the credit buro? Or come to my house and knock my kneecaps in?
 
adephi said:
I just recently started to play arround with EE and only found out about this by chance.

Just to play around and get accustomed to the whole thing I deposited R100 in the EC10 ETF. Now what if I leave it there and it runs out? Are they going to hand me over to the credit buro? Or come to my house and knock my kneecaps in?
Click to expand...
Option B.
 
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