Easy Equities good or bad?

Damn, I just saw this now, so I missed it.

Anyone got a link to it?
 
Had a listen and what worries I had are now no more. At least I now know that the main risk is in the fractional shares that's all.

Any ideas on how to only purchase full shares on their platform? Would be a great feature to add vs the amount that you want to purchase
 
MikyMouse said:
Had a listen and what worries I had are now no more. At least I now know that the main risk is in the fractional shares that's all.

Any ideas on how to only purchase full shares on their platform? Would be a great feature to add vs the amount that you want to purchase
Click to expand...

haven't purchased yet, just signed up, but after reading this thread it seems the only way to is to look what the share price is on the day and purchase that exact Rand amount per share..
 
Mr Feesh said:
haven't purchased yet, just signed up, but after reading this thread it seems the only way to is to look what the share price is on the day and purchase that exact Rand amount per share..
Click to expand...

The price you see is the delayed price. So you will still be getting a fractional share.
 
MikyMouse said:
Had a listen and what worries I had are now no more. At least I now know that the main risk is in the fractional shares that's all.

Any ideas on how to only purchase full shares on their platform? Would be a great feature to add vs the amount that you want to purchase
Click to expand...

You can purchase whole shares only, but not via their website.

You have to phone them to purchase, say 1 share of Naspers.

Not sure if there are any additional costs going this route.

Read the FAQs on their website, that's where I read about buying whole shares.

You'll pay the ruling price for the share at the time of the trade, so it may not be the same price you see on EE (that price is delayed).
 
Shalin_ZN said:
You can purchase whole shares only, but not via their website.

You have to phone them to purchase, say 1 share of Naspers.

Not sure if there are any additional costs going this route.

Read the FAQs on their website, that's where I read about buying whole shares.

You'll pay the ruling price for the share at the time of the trade, so it may not be the same price you see on EE (that price is delayed).
Click to expand...



would like Romi to confirm this - i have had cases where due to low liquidity i was forced to do phone trades, and i was only charged on some of them. rest was the came costs as the website.
 
Shalin_ZN said:
You can purchase whole shares only, but not via their website.

You have to phone them to purchase, say 1 share of Naspers.

Not sure if there are any additional costs going this route.

Read the FAQs on their website, that's where I read about buying whole shares.

You'll pay the ruling price for the share at the time of the trade, so it may not be the same price you see on EE (that price is delayed).
Click to expand...

Neo_X said:
would like Romi to confirm this - i have had cases where due to low liquidity i was forced to do phone trades, and i was only charged on some of them. rest was the came costs as the website.
Click to expand...

Shalin_ZN said:
PLEASE NOTE: To buy a specific quantity of whole securities (rather than a Rand value) you need to call the Trading Desk on +27 (0) 87 940 6101 between 09:05am - 16:40pm Monday to Friday (business days) for assistance.

http://support.easyequities.co.za/s...are-purchase-process-work-using-easyequities-
Click to expand...

Thanks for the responses. On their fee structure they say that telephone trades are charged at R50 per trade
 
MikyMouse said:
Thanks for the responses. On their fee structure they say that telephone trades are charged at R50 per trade
Click to expand...

Yeah, but there are exceptions to that.

Like for example when you want to buy a share not on their website, but that they offer. If I remember correctly from this forum, the guy wasn't charged the telephone trading fee.

We'll have to see what Romi says about the costs of purchasing whole shares via phone.
 
Shalin_ZN said:
Yeah, but there are exceptions to that.

Like for example when you want to buy a share not on their website, but that they offer. If I remember correctly from this forum, the guy wasn't charged the telephone trading fee.

We'll have to see what Romi says about the costs of purchasing whole shares via phone.
Click to expand...

agreed - it would be great to have this feature on the website though
 
What could be done is adding a check box to say round down trade to the nearest whole share.
 
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