Easy Equities good or bad?

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Papsak

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Just to illustrate a point between bid and offer:

AVI comes out with a TA, some like it/some do not. So the difference is huge.

BID: 7873 Offer: 8150 this was @ 09H15 - the gap will close, will look at it later today. But it all about bids/offers

btw now:

GT247 7876 vs 8140
and ABSA 7876 vs 8140

Just in case someone says there is "problems" with GT247....

now just chuck in EE - say 81.50 so spot on for 15 min ago.

will depend on what you get filled at of course.

not going to to do this all day - last one

9:38 EE is now 7875 and 8140 - so did come down to match as expected.

Gap is now narrowing on bid/offer to 8048 and 8089.

But if you had bought earlier and your graph showed the bid and not the offer price, you would have been pretty pissed off - but that's the MARKET not the broker

There is no spread at EE - as much as ignorant folk might like to tell you. Sure there is a 15 minute delay - would be interesting to see once bought if you got the live price or the 15 minute price, but as it's an investment platform that should have little impact on goals. If you want to trade, use GT/IG/PSG/STD - not absa IMO.
 
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F

FrankieK

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Swa said:
Selling price is R7.10, NOT buying price.
Click to expand...

Screen Shot 2016-03-07 at 9.24.45 AM.png

This shows the Bid as 710c and the Ask as 1365c. Therefore if you buy shares you will pay 1365c and if you sell your shares you will get 710c. So what exactly is it that EE does that you have a problem with?
 
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patrick

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Just to put the spread issue to bed, for myself and any other who may care. This morning I did trades on my sons EE TFSA and my ABSA TFSA buying DIVTRX. On both I received the ABSA live buy price of 2785. Looking at the trade volume today, I was the only buyer, and no trades executed at any other price but R27.85. To compare costs, I received the following:
EE 179.5332 shares at R5018.54 = R27.95 per share
ABSA 179 shares at R5001.26 = R27.94 per share

So for me everything seems to be in order. ABSA is cheaper as I would imagine giving their 0.05% fee advantage, but by such a small amount it probably won't matter in the long term.
 
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Hamster

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Swa

Swa

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Papsak said:
Just to illustrate a point between bid and offer:

AVI comes out with a TA, some like it/some do not. So the difference is huge.

BID: 7873 Offer: 8150 this was @ 09H15 - the gap will close, will look at it later today. But it all about bids/offers

btw now:

GT247 7876 vs 8140
and ABSA 7876 vs 8140

Just in case someone says there is "problems" with GT247....

now just chuck in EE - say 81.50 so spot on for 15 min ago.

will depend on what you get filled at of course.

not going to to do this all day - last one

9:38 EE is now 7875 and 8140 - so did come down to match as expected.

Gap is now narrowing on bid/offer to 8048 and 8089.

But if you had bought earlier and your graph showed the bid and not the offer price, you would have been pretty pissed off - but that's the MARKET not the broker

There is no spread at EE - as much as ignorant folk might like to tell you. Sure there is a 15 minute delay - would be interesting to see once bought if you got the live price or the 15 minute price, but as it's an investment platform that should have little impact on goals. If you want to trade, use GT/IG/PSG/STD - not absa IMO.
Click to expand...
Great, now look at the some of the less traded options, you'll see there definitely is a spread.

FrankieK said:
View attachment 348119

This shows the Bid as 710c and the Ask as 1365c. Therefore if you buy shares you will pay 1365c and if you sell your shares you will get 710c. So what exactly is it that EE does that you have a problem with?
Click to expand...
The way that shares are undervalued. Explain to me how the bid can be R7.10 when there have been a couple of trades near R14. Take a look at their trading prices and tell me how EE can justify a price of R7.10 when trades are happening at amounts that are nearly 100% above that and for all we know trades that EE are doing themselves.
 
Y

yeldoom

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patrick said:
Just to put the spread issue to bed, for myself and any other who may care. This morning I did trades on my sons EE TFSA and my ABSA TFSA buying DIVTRX. On both I received the ABSA live buy price of 2785. Looking at the trade volume today, I was the only buyer, and no trades executed at any other price but R27.85. To compare costs, I received the following:
EE 179.5332 shares at R5018.54 = R27.95 per share
ABSA 179 shares at R5001.26 = R27.94 per share

So for me everything seems to be in order. ABSA is cheaper as I would imagine giving their 0.05% fee advantage, but by such a small amount it probably won't matter in the long term.
Click to expand...

Spread on ETF's vs shares is not the same due to the market maker effect.
 
skinndeep

skinndeep

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Anyone else having issues logging in?
e6f1777df4e0bc46061d0f04f18165ba.jpg
 
ToxicBunny

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Its completely screwed...

I don't think their system scales very well at the moment.
 
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Purply

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The reply I got from them is that they busy updating their website with new features which will benefit their clients.......

That's all awesome and stuff, BUT DO THAT OVER THE ****ING WEEKEND YOU IDIOTS!!!!
 
Solitude

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I got an email with the heading: "Technical Issues on EasyEquities Website‏" but the email is blank.
 
ToxicBunny

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Purply said:
The reply I got from them is that they busy updating their website with new features which will benefit their clients.......

That's all awesome and stuff, BUT DO THAT OVER THE ****ING WEEKEND YOU IDIOTS!!!!
Click to expand...

TBH, thats a BS excuse...

Something went tits up and they are still trying to figure out what it was.
 
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Jehosefat

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Swa said:
The way that shares are undervalued. Explain to me how the bid can be R7.10 when there have been a couple of trades near R14. Take a look at their trading prices and tell me how EE can justify a price of R7.10 when trades are happening at amounts that are nearly 100% above that and for all we know trades that EE are doing themselves.
Click to expand...

The 710 - 1365 is not an EE spread. That's the market spread, I see the same spread on 2 different platforms. That is there are orders to sell for 1365 and up and there are orders to buy from 710 down. So if you want to buy immediately, you have to pay 1365 and if you want to sell immediately you will only get 710. That's the way markets work and its exacerbated by this being a very low volume share.
 
Hamster

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ToxicBunny said:
When you claim something will benefit clients the assumption is you will at least see SOME evidence of a change in the UI...
Click to expand...

Could've made adjustments to how sell/buy prices are calculated
Could've improved performance. Some transactions are slow on the site.
Could've improved the speed with which dividends are paid out (immediately instead of +1/+2 days)

But whatever. It is software at the end of the day and sometimes it breaks.
 
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