Easy Equities good or bad?

[akescpt]

Your first post since registering in 2005?

lots of observers on here...most start that way. i know i did.

 

[Swa]

Hello everyone,

Yesterday I was battling to sell NPK (Nampak) - even smaller amount. I have received this error message:
"Trade Unsuccessfull:Unable to open trade for user ***** on instrument 196 because You may not have or increase a short position for this instrument".

What does it means?

EE thinks you're trying to sell more than what you own. Refreshing usually fixes it.

 

[The_Ogre]

EE thinks you're trying to sell more than what you own. Refreshing usually fixes it.

And for those who don't know: short means sell and long means buy

 

[thehuman]

Hello everyone,

Yesterday I was battling to sell NPK (Nampak) - even smaller amount. I have received this error message:
"Trade Unsuccessfull:Unable to open trade for user ***** on instrument 196 because You may not have or increase a short position for this instrument".

What does it means?

next time decrease the rand value in increments of r5 or more till it sells

 

[Sideshow Bob]

finally. sold everything on ee platform. over and out.

 

[Neo_X]

finally. sold everything on ee platform.

in before

over and out.

where did you move to if i may ask?

 

[Excalibur]

finally. sold everything on ee platform. over and out.

Enjoy paying the CGT. Why didn't you just do a portfolio move/transfer?

 

[Sideshow Bob]

in before
where did you move to if i may ask?

Had just opened EE out of curiosity, been using fnb share investor for a while.

 

[lucifir]

Had just opened EE out of curiosity, been using fnb share investor for a while.

so you found FNB sharebuilder a better option?
surely their fees are much higher? why would you choose to pay higher fees?

 

[ChadKay]

Hi, does anyone know how long it takes until I can withdraw funds? Sold some shares this am and want to withdraw it.

 

[Hamster]

Hi, does anyone know how long it takes until I can withdraw funds? Sold some shares this am and want to withdraw it.

When you click on withdraw, what does the site say?

 

[ChadKay]

When you click on withdraw, what does the site say?

It states my money under 'unsettled cash' and states it can take up to 5 business day?!?! That's crazy, how long is the usual time? Thanks

 

[Hamster]

It states my money under 'unsettled cash' and states it can take up to 5 business day?!?! That's crazy, how long is the usual time? Thanks

That's the JSE taking up to 5 days to settle it. It used to be 10 days a month or two ago.

If you need it right now use your credit/overdraft and replace the funds when the money is released?

 

[ChadKay]

That's the JSE taking up to 5 days to settle it. It used to be 10 days a month or two ago.

If you need it right now use your credit/overdraft and replace the funds when the money is released?

Thanks, did not know that. Don't have any credit cards in my name - i'm a student haha.

 

[Jehosefat]

That's the JSE taking up to 5 days to settle it. It used to be 10 days a month or two ago.

If you need it right now use your credit/overdraft and replace the funds when the money is released?

JSE changed from t+5 to t+3 settlement a few weeks back. Don't know where you got the 5 and 10 days from.

 

[smiley-zn]

JSE changed from t+5 to t+3 settlement a few weeks back. Don't know where you got the 5 and 10 days from.

+1

 

[Hamster]

JSE changed from t+5 to t+3 settlement a few weeks back. Don't know where you got the 5 and 10 days from.

Crap, that's my bad. You are correct. EE changed from 10 to 5 days (extra days over and above the JSE's T+3)

https://support.easyequities.co.za/...ng-does-it-take-till-i-can-withdraw-my-money-
to
https://support.easyequities.co.za/...ifference-between-settled-and-unsettled-cash-

 

[smiley-zn]

Crap, that's my bad. You are correct. EE changed from 10 to 5 days (extra days over and above the JSE's T+3)

https://support.easyequities.co.za/...ng-does-it-take-till-i-can-withdraw-my-money-
to
https://support.easyequities.co.za/...ifference-between-settled-and-unsettled-cash-

Jeez, terrible if you ask me

 

[Swa]

It states my money under 'unsettled cash' and states it can take up to 5 business day?!?! That's crazy, how long is the usual time? Thanks

EE requires you not to buy with your unsettled cash for 5 business days before you can withdraw.

JSE changed from t+5 to t+3 settlement a few weeks back. Don't know where you got the 5 and 10 days from.

Also settlement periods start counting from the first business day but includes all days.

 

[naeem]

anyone with an Easy Equities referral code? Happy to sign up with yours - assuming you might get some sort of freebie or kickback?

https://www.easyequities.co.za/Registration