Easy Equities good or bad?

Bernoldus Niemand said:
Why would you willingly transfer a large sum to EE? The whole monthly fee / thrive fee debacle should've been enough of a red flag.
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because of the monthly fees from other companies.
R25 for EE is not really a fee if you deposit R25 or whatever, you still get that amount in your account to use.

ABSA charge around R75pm + $20 per trade ++ ...gone
Standard bank charge R110pm to R650pm ...gone
Nedbank charge R60pm ...gone
FNB charge 0.4% of your entire portfolio per year!!! + R83pm ...gone
EasyEquities charge R25pm ...you keep it
 
Wrath of Khan said:
because of the monthly fees from other companies.
R25 for EE is not really a fee if you deposit R25 or whatever, you still get that amount in your account to use.

ABSA charge around R75pm + $20 per trade ++ ...gone
Standard bank charge R110pm to R650pm ...gone
Nedbank charge R60pm ...gone
FNB charge 0.4% of your entire portfolio per year!!! + R83pm ...gone
EasyEquities charge R25pm ...you keep it
Click to expand...
I deposit R1 each month.
 
Wrath of Khan said:
because of the monthly fees from other companies.
R25 for EE is not really a fee if you deposit R25 or whatever, you still get that amount in your account to use.

ABSA charge around R75pm + $20 per trade ++ ...gone
Standard bank charge R110pm to R650pm ...gone
Nedbank charge R60pm ...gone
FNB charge 0.4% of your entire portfolio per year!!! + R83pm ...gone
EasyEquities charge R25pm ...you keep it
Click to expand...
Interactive brokers, Brokstock, eToro, Clarity by Investec etc. etc. all free.
 
Bernoldus Niemand said:
Interactive brokers, Brokstock, eToro, Clarity by Investec etc. etc. all free.
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Clarity is not share trading, it's CFD you don't own anything and don't get dividends (as far as I am aware)

Have an interactive account already, no problems there.

eToro won't allow transfers anymore, so that's out... I did like their layout

Brokstock, well they're a Russian company and their "about us" page doesn't look very professional so will have to wait and see if they run off with everyones money like VBS.
 
Wrath of Khan said:
Clarity is not share trading, it's CFD you don't own anything and don't get dividends (as far as I am aware)

Have an interactive account already, no problems there.

eToro won't allow transfers anymore, so that's out... I did like their layout

Brokstock, well they're a Russian company and their "about us" page doesn't look very professional so will have to wait and see if they run off with everyones money like VBS.
Click to expand...
Not true
dailyinvestor.com

Investec’s Clarity investing platform to launch in early 2024

Investec will launch its Clarity share trading and investing platform to the public in early 2024. It will compete head-on with Purple Group’s EasyEquities in the higher end of the market.
dailyinvestor.com dailyinvestor.com
“Synthetic CFDs give you access to the performance of that share, including benefitting from any gains or cash flows like dividends,” Clarity explained.
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Not even going to bother reading the rest.
 
Wrath of Khan said:
I've been waiting a month for my shares to be transferred into EE... the bank says they left their side (closed account) almost a month ago... on EE there is nothing?? you email them and still they don't know... my last email was 3 days ago, no reply..

whats next, lawyer to sue them? this is 7 figures of a "pension" plan shares that have gone missing... sure as **** EE has them but just hasn't allocated them into my account..

a simple phone call to them would likely solve this all in 5min
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010 141 2119
 
Bernoldus Niemand said:
Interactive brokers, Brokstock, eToro, Clarity by Investec etc. etc. all free.
Click to expand...
I am not going to claim that EE is better than anything, or that their way of handling Thrive was wrong or right (contrary to what I have said before in this thread).

But:

* IB - not everyone wants to go this route, especially more on the low income side.
* Brokstock - I simply don't trust them because I only heard about them in the last 2 weeks. Doesn't mean they are dodge, but there is little incentive to move from EE to them.
* eToro - They gave me **** for trying to transfer money to them via Shyft. They rejected the transfer and I had to wait for the money to come back, then do the transfer via FNB. Pretty much 3x the fees thanks to that. Never again, I am burnt.
* Clarity - contrary to what Daily Investor says, they are still not open to the public. I still can't create an account with them, so that's DOA in my books.
 
mr_norris said:
I am not going to claim that EE is better than anything, or that their way of handling Thrive was wrong or right (contrary to what I have said before in this thread).

But:

* IB - not everyone wants to go this route, especially more on the low income side.
* Brokstock - I simply don't trust them because I only heard about them in the last 2 weeks. Doesn't mean they are dodge, but there is little incentive to move from EE to them.
* eToro - They gave me **** for trying to transfer money to them via Shyft. They rejected the transfer and I had to wait for the money to come back, then do the transfer via FNB. Pretty much 3x the fees thanks to that. Never again, I am burnt.
* Clarity - contrary to what Daily Investor says, they are still not open to the public. I still can't create an account with them, so that's DOA in my books.
Click to expand...
clarity.png
 
Bernoldus Niemand said:
Wait a few years till you hit your TFSA cap and you'll be SOL.
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Once you hit your TFSA cap, you just free up R12 a year and set up a debit order for R1 a month. It's steep, but possible with some cost cutting. E.g., if you skip one coffee or mug a small child, you'll have the R12.
 
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