Easy Equities good or bad?

[Swa]

That's just outright not true.

From their prices I think it's clear it is.

 

[SZN]

I thought it was well understood that EE displays delayed pricing on their website yet you trade at the live market price?

The JSE charges for live pricing, thus EE not providing this feature to save costs.

Is the issue something else perhaps that I am missing?

The only thing they don't offer is for you to set your own price, but I think we can cut them a bit of slack for this.

 

[xumwun]

Maybe they should consider adding live pricing as an optional extra or on per request basis.

 

[Swa]

I thought it was well understood that EE displays delayed pricing on their website yet you trade at the live market price?

The JSE charges for live pricing, thus EE not providing this feature to save costs.

Is the issue something else perhaps that I am missing?

The only thing they don't offer is for you to set your own price, but I think we can cut them a bit of slack for this.

That's the thing. They decide the spreads but in reality they can buy and sell shares for very different prices. An example is Renergen where they pay R7.10 currently per share. Just yesterday though 17.92k shares were traded for R13.95 so they could have easily gotten R13.90 for those shares. If you watch the trades you'll see they don't appear on any platform immediately. In fact some of those trades may be them. So if they were always doing live trades I'd cut them slack but as they're not I'm not going to.

 

[Hamster]

Maybe they should consider adding live pricing as an optional extra or on per request basis.

The only reason you'll want live pricing is for serious trading. The costs just won't make sense.

If you want live pricing, setting your own bid/offer prices, alerts, auto closeouts and all the other tools you need to effectively trade -> ABSA, Standard Bank

 

[Swa]

The only reason you'll want live pricing is for serious trading. The costs just won't make sense.

If you want live pricing, setting your own bid/offer prices, alerts, auto closeouts and all the other tools you need to effectively trade -> ABSA, Standard Bank

Serious investors use live pricing. The risk of paying a percent or two more for a share isn't worth the few cents you save by not having live pricing.

 

[SauRoNZA]

Serious investors use live pricing. The risk of paying a percent or two more for a share isn't worth the few cents you save by not having live pricing.

Serious traders you mean.

Investors are in it long term, so the minor price difference won't matter.

 

[Swa]

Serious traders you mean.

Investors are in it long term, so the minor price difference won't matter.

No, anyone that is seriously into any share buying. The excuses given so far are poor ones for EE not having the basic tools.

 

[Hamster]

Serious investors use live pricing. The risk of paying a percent or two more for a share isn't worth the few cents you save by not having live pricing.

You are talking nonsense.

And even if what you were saying held any water, no serious investor in charge of millions will use EE. Those clients have special rates etc tailored for them on the "professional" platforms.

Not sure how to get this through your skull - EE is investment for dummies and lower income users. The type of guy that wakes up at 3:00 AM to get to his janitor job or the secretary that nearly causes I pile up on the highway applying her makeup - the type of people that have no idea about bids offers.


Your continuous complaints about EE is similar to the guy complaining about how this Hyundai Getz rental car does not have climate control like his Merc.
Get over it.

 

[Swa]

Not sure how to get this through your skull - EE is investment for dummies and lower income users.

And that is the very point I keep making. Glad you acknowledge it now.

 

[Swa]

Btw if someone has no idea about bids and offers they have no business being on the stock exchange imo and should stick to options tailored for the mass market like e.g. Sanlam.

 

[Papsak]

SWA you are trying way to hard to come across as a serious investor with serious money - you are failing miserably. EE is upfront about what they offer, or do you have problem reading?

this is the first question under FAQ

What price will I receive when I buy/sell securities?
Modified on: Tue, 3 Nov, 2015 at 3:07 PM

Prices displayed on the website or the EasyEquities platform may reflect delayed prices, or may be the previous day’s closing price for that security as quoted by the recognised exchange.

Your trades in securities will be executed at the prevailing market price, quoted by the relevant recognised exchange for that security, at the time we execute your trade as reflected in the Invoice (“Execution Price”) you will receive after your trade is confirmed.

The execution price may be different to the quoted price, depending on how the security’s market price has moved during the course of the market day. We do not give any guarantee that the execution price will be at or near the quoted price.

No serious investor would have bothered to open an EE account as they would have spent a few minutes reading about what they offered BEFORE joining. That's what serious investors do.

 

[Swa]

SWA you are trying way to hard to come across as a serious investor with serious money - you are failing miserably. EE is upfront about what they offer, or do you have problem reading?

this is the first question under FAQ



No serious investor would have bothered to open an EE account as they would have spent a few minutes reading about what they offered BEFORE joining. That's what serious investors do.

That is not the point. You keep missing that EE doesn't even do well for what they claim to do. Nothing in that says anything about the spreads and EE not actually trading at market prices, so no, they are not being upfront.

 

[Papsak]

What spread? Because you say so?

Do you understand that on many counters, the prices can change a few times a second? And on some shares - like Lewis on Friday, the difference in bid and offer can often be a few percent?

 

[Swa]

What spread? Because you say so?

You're blind?

 

[supersunbird]

You're blind?

He may be blind but you are obstinate...

 

[Papsak]

Look up the word "slippage" SWA - you obviously are not familiar with the term.

I won't be talking or responding to you again.

 

[Swa]

Lol, like all conversations on mybb go. You make a comment someone doesn't agree with. Then someone else comes along "telling" you how to see things when they're in fact saying the same things. And you end up being called 'obstinate' by someone who hasn't followed the conversation. lol, really lol.

 

[supersunbird]

Lol, like all conversations on mybb go. You make a comment someone doesn't agree with. Then someone else comes along "telling" you how to see things when they're in fact saying the same things. And you end up being called 'obstinate' by someone who hasn't followed the conversation. lol, really lol.

I have followed this thread for a long time. You don't like EE, not a great share trading platform, we get it, you have warned "the people", now you can move onto other greater things.

 

[Hamster]

And that is the very point I keep making. Glad you acknowledge it now.

Then what's with carrying on about the spread? Nobody is arguing against this point, in fact we've been saying this from the start.