humbledryer
Well-Known Member
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And deposits and withdrawals - is it straightforward to get your money in and out?
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Question of the Day: How often do you receive spam calls?
Easy Equities good or bad?
- Thread starter lagoaty
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mugikhan
Senior Member
Well, I personally have used both my Global account with a SWIFT payment and Shyft with ACH. Shyft reflects within a day or two. SWIFT takes longer but also works. Withdrew back to my Global Account with ease
Sideshow Bob
Honorary Master
Strangely enough, EE seems to be the only FSP that pulls any debit order exactly on 1st. With most of the other FSP's, it is always 2nd. I wonder how it works.
Sideshow Bob
Honorary Master
% differ for me but I am trying the above as well. China is going to take a while to come up.
zerocool2009
Honorary Master
Its more bank related than 3rd party
Example, I know for a fact no debit orders via FNB on a sunday
Sideshow Bob
Honorary Master
I see but Coronation hardly ever executes DO on 1st but EE always does so not sure how that works. Same bank and same account for both in my case.
How easy was it transferring from your Global account to TDA?
mugikhan
Senior Member
Very easy. TDA gives you various methods to deposit so I just used their SWIFT details for global payment. Usually reflects within 2-3 days
Speedster
Honorary Master
What are their fees like?
mugikhan
Senior Member
0$ account fee and $0 commission applies to U.S. exchange-listed stocks, ETFs, and options.
Here for more: https://www.tdameritrade.com/pricing/brokerage-fees.page
Can you buy fractional shares on TDA?
mugikhan
Senior Member
Not yet. Once they merge with Charles Schwab their parent company, they'll have fractionals for S&P500 companies. Personally, it's not that big a deal for me. The dividends that come in do make fractional shares but only dividends. I don't day trade, I invest and leave it for a long time so I do bigger amounts at a time.
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mr_norris
Expert Member
Don't know what the best is, but between FNB, easy equities, and the Shyft app, the Shyft app is the cheapest.
It's an expensive exercise. Wish it wasn't so costly.
zerocool2009
Honorary Master
So I have been thinking ... I have another TFSA (unit trusts) ... with a monthly admin fee.
Mmmm, thinking to bring it all to EE
Good or bad idea ? (Total is roughly R140 000)
Mmmm, thinking to bring it all to EE
Good or bad idea ? (Total is roughly R140 000)
Well work it out yourself. Will EE give you a better return than the unit trusts do?
zerocool2009
Honorary Master
Agree, unit trusts shouldn't get less if you don't top it up.
You shouldn't sell, but transfer.
zerocool2009
Honorary Master
Fnb only came to the party to transfer in June 2020!
It cost me R1200 to sell and move. Since then made R36000 in growth... so it was a good call at the time