South Africa's Top Stockbroker (2014)

Hamster

Hamster

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Standard Bank Online Share Trading/Stockbroking is the 2014 Stockbroker of the Year.

The awards were handed out at a lunch sponsored and hosted by the JSE on 22 September. Sanlam Private wealth was the runner-up and three firms finished in a tie for third place: FNB Securities, GT247 and PSG Wealth.

Standard OST Stockbroking was also rated the best broker for young savers and won the People’s Choice award, having received the highest rankings by clients.

IG South Africa is the best broker for the active day trader, Sanlam Private Wealth is the best broker for the lump-sum investor while Investec Wealth & Investec is the best broker for the sophisticated executive. Investec was also rated the top CFD provider.
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For those that don't know, the soon to be launched EasyEquities is a product from GT247
 
Hamster

Hamster

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HavocXphere said:
Thanks - some interesting info in the report.

The fact that its 1/3 full page adverts for the companies being supposedly independently ranked is less than ideal though. :sick:
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I may or may not have seen the article that will be published in Business Day come Wednesday and it may or may not be much more detailed with a breakdown of the results (cost, features etc.) :whistling:

Worth a buy if imo.
 
czc

czc

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Hamster said:
I may or may not have seen the article that will be published in Business Day come Wednesday and it may or may not be much more detailed with a breakdown of the results (cost, features etc.) :whistling:

Worth a buy if imo.
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ZOMG! Insider trading! :p
 
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brucem

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Hamster said:
I may or may not have seen the article that will be published in Business Day come Wednesday and it may or may not be much more detailed with a breakdown of the results (cost, features etc.) :whistling:

Worth a buy if imo.
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Where does one get Business Day? Went to a few supermarkets now, nobody has it
 
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AthenianOwl

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They are the reasons why trading in stock exchanges are very risky. Commission fees. **** them.
 
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HavocXphere

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Freaksta said:
Costs are great but they allow you zero control over the purchase price or selling price of the stock.
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What? So who sets the price then? :confused:

Then again maybe not a bad thing...I know I quadruple checked my price stuff the first time too...so easy to make a decimal mistake or something.
 
Hamster

Hamster

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Freaksta said:
Costs are great but they allow you zero control over the purchase price or selling price of the stock.
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A concern for trading maybe. For long term investment it seems ok. Been playing with challenge money the last two weeks or so, bought a couple of ETFs to simulate a real world situation and I already recovered the cost plus extra :p (granted it is very short time)

Not having control over the buying or selling price should be counter balanced by the low cost though. Not true?
 
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Freaksta

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HavocXphere said:
What? So who sets the price then? :confused:

Then again maybe not a bad thing...I know I quadruple checked my price stuff the first time too...so easy to make a decimal mistake or something.
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Basically you say you please buy me R1000 of stock x, they do the best effort to get you a good price.
 
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Freaksta

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Hamster said:
A concern for trading maybe. For long term investment it seems ok. Been playing with challenge money the last two weeks or so, bought a couple of ETFs to simulate a real world situation and I already recovered the cost plus extra :p (granted it is very short time)

Not having control over the buying or selling price should be counter balanced by the low cost though. Not true?
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Yup I do agree with you to a certain degree. But I'm still uneasy that they could be executing trades at price x when maybe it could be done at x-5cents.

Yes you can argue that it's not critical for investing and the savings are probably being made on the brokerage. It's unfortunatly not very easy to check.
 
Hamster

Hamster

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Freaksta said:
Yup I do agree with you to a certain degree. But I'm still uneasy that they could be executing trades at price x when maybe it could be done at x-5cents.

Yes you can argue that it's not critical for investing and the savings are probably being made on the brokerage. It's unfortunatly not very easy to check.
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FNB Share Saver works the same. I guess this is part of the cost saving by not giving you real-time access to the JSE stats.
 
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Freaksta

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Hamster said:
FNB Share Saver works the same. I guess this is part of the cost saving by not giving you real-time access to the JSE stats.
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Yea I'm in a pickle at the moment to be honest. I don't want to keep my money with Satrix due to yearly admin fee as that's costing more than what a brokerage account costs. I want to consolidate my portfolio because as it stands I have stuff with ETFSA, Satrix, Compushare and now potentially easyequities since I already have cash in that account.

I was thinking about moving Satrix and ETFSA to standard bank but then easy equities came along.

Not sure if I want to move everything to easy equities but it would save me 1% pa, also not sure if they accept transfers, in the mean time I'm going to test the waters with them I guess. Anyhow I'm going off topic now.
 
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HavocXphere

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Freaksta said:
Basically you say you please buy me R1000 of stock x, they do the best effort to get you a good price.
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Fair enough - and perhaps not a bad idea as per above.

Hamster said:
FNB Share Saver works the same. I guess this is part of the cost saving by not giving you real-time access to the JSE stats.
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Well the second you set your own prices you need real time data....else you're at a wicked disadvantage.

Personally I kinda like the own price thing. e.g. I'll look at something and decide "I'll buy if it drops another 3%...set up a buy order there...make it valid for X days". If the order doesn't execute then no fees....whatever...I'll look at it again in 2 weeks.

Question though...Stop losses? My platform doesn't provide those and I'm kinda miffed about that part.
 
Hamster

Hamster

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Freaksta said:
Yea I'm in a pickle at the moment to be honest. I don't want to keep my money with Satrix due to yearly admin fee as that's costing more than what a brokerage account costs. I want to consolidate my portfolio because as it stands I have stuff with ETFSA, Satrix, Compushare and now potentially easyequities since I already have cash in that account.

I was thinking about moving Satrix and ETFSA to standard bank but then easy equities came along.

Not sure if I want to move everything to easy equities but it would save me 1% pa, also not sure if they accept transfers, in the mean time I'm going to test the waters with them I guess. Anyhow I'm going off topic now.
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Oh right, the transfers. As far as I can gather, when you buy shares you buy it under a BDA (Broker Dealer Account) which sits with the JSE (you should have a BDA number somewhere). Trades you make is made under that account which also links to a registered broker. So switching should be, in theory, as easy as a broker ID being updated on the JSE.

I might be very very wrong though.
 
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