EasyEquities introduces R25 monthly fee

  • Thread starter Thread starter Daily Investor
  • Start date Start date
rvZA said:
Seems they found a way to keep money rolling in to float the boat.... scary sign...
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Not at all, just reasonable and logical business practise that literally every other platform like them employs.

Your bank charges far more for the same reasons.
 
zerocool2009 said:
No one besides you gets it. On the EE thread, I cant believe after telling EE customers, just deposit R1.

They think I lie
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You seem to have selective reading. This is not the case, if you withdraw more than you deposit, you will be charged.
 
rvZA said:
I do hope they leave us with a fast, quick and easy way to close an account, instead of arbitrarily levying fees on accounts not used some months. This would hurt consumers, especially where they made a decision and not leave any other option to opt out of this.
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Would be better to transfer your holdings to another broker.

Especially if it’s a TFSA as you’ll hurt your lifetime balance if you withdraw.
 
zerocool2009 said:
The only negative thing I see, with a tfsa, if you dont want to contribute when hitting the R500 000 mark... what then?
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That’s one reason I think your logic of dividend payouts is sound where that counts as income to negate the fee.

Those aren’t always monthly in nature though.
 
SauRoNZA said:
Would be better to transfer your holdings to another broker.

Especially if it’s a TFSA as you’ll hurt your lifetime balance if you withdraw.
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Nah, this is one boat I do not want to be part of at all. Will sell of everything and make a jump with my cash. I get nervous when a trading company suddenly comes with something like this. They have always been known for not charging any fees, even the months you do not use them. So, that is a no thanks from me. I am saving what I can.
 
xrapidx said:
You seem to have selective reading. This is not the case, if you withdraw more than you deposit, you will be charged.
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Jy is n regte kant ne!

I never withdraw. So this aint really aint applicable to me! Lol. Thats why I keep on saying... deposit R1 (in my case)
 
zerocool2009 said:
Jy is n regte kant ne!

I never withdraw. So this aint really aint applicable to me! Lol. Thats why I keep on saying... deposit R1 (in my case)
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Oh, now all your advice is specific to your case clown.

Guess you would have lost your bet if I deposited R1.
 
xrapidx said:
Oh, now all your advice is specific to your case clown.

Guess you would have lost your bet if I deposited R1.
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Nope! So you still game big mouth?

As I said. Deposit R1.... zero R25 fee. If you withdraw more than R1.... lol. Jy is maar pretty stupid ne. Seriously now
 
zerocool2009 said:
Nope! So you still game big mouth?

As I said. Deposit R1.... zero R25 fee. If you withdraw more than R1.... lol. Jy is maar pretty stupid ne. Seriously now
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This guy is honestly brain dead. The amount of BS you post is astounding.
 
xrapidx said:
Oh, now all your advice is specific to your case clown.

Guess you would have lost your bet if I deposited R1.
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Go read the rule about deposits more than withdraws. Its actually a very old rule. Nothing new

I never did / use thrive before. But will do .... but actually, been having it already as I deposit a few thousand per month

So, make of it what you want. Not here to save you from your $2500 either lol
 
Wrath of Khan said:
If they deduct R25 from my account at month end, I will sell all my shares and move to another platform out of principal. This is forced and disgusting, and they are about to lose a huge amount of customers and respect!
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Out of principle we should all cancel.
How many clients do they have?
And where could everyone post when they have cancelled? Like a poll

And, where to move to?
 
TheTwo said:
Out of principle we should all cancel.
How many clients do they have?
And where could everyone post when they have cancelled? Like a poll

And, where to move to?
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You do not have to cancel anything or move anywhere. If you want to risk your investments with them, well, good luck to you.
 
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