Who am I missing? Best JSE trading platform...

fire2029

Well-Known Member
Joined
Oct 16, 2019
Messages
153
Hi all,

I am working on a brokerage cost calculator for trading JSE shares.

Which platform for trading physical JSE shares am I missing?

- Easy Equities
- Randswiss
- Nedbank Private Wealth
- PSG Securities
- FNB Securities
- Sanlam iTrade
- Sharenet
- Standard Bank OST
- Absa Stockbrokers
- Momentum Securities
- Unum Capital

-- Who else?


Here is a preview of the calculator.:
broerage_small.gif
 

beefymoocow

Expert Member
Joined
Jun 19, 2006
Messages
1,304
Hi all,

I am working on a brokerage cost calculator for trading JSE shares.

Which platform for trading physical JSE shares am I missing?

- Easy Equities
- Randswiss
- Nedbank Private Wealth
- PSG Securities
- FNB Securities
- Sanlam iTrade
- Sharenet
- Standard Bank OST
- Absa Stockbrokers
- Momentum Securities
- Unum Capital

-- Who else?


Here is a preview of the calculator.:
View attachment 829973

Investec. If I’m not mistaken Investec doesn’t have a minimum trade value. It takes a percentage. It might have changed now.

Overall EasyEquities can be expensive because it doesn’t take into account your bid price. The other platforms you can place a bid price around 1% lower thus the savings can be lower.
 

fire2029

Well-Known Member
Joined
Oct 16, 2019
Messages
153
EE is for free (brokerage fees) is you get guys to join (its a nice perk)
Thanks. Yes, EE's thrive brokerage subsidy applies if you have qualified for that certain month, but only for 25 local shares. Even without their subsidised brokerage, their brokerage charges rank 1st across most trade amounts.
 

fire2029

Well-Known Member
Joined
Oct 16, 2019
Messages
153
Investec. If I’m not mistaken Investec doesn’t have a minimum trade value. It takes a percentage. It might have changed now.

Overall EasyEquities can be expensive because it doesn’t take into account your bid price. The other platforms you can place a bid price around 1% lower thus the savings can be lower.
Thanks for that. Yes you are right. Will look to add Investec. I think a minimum share portfolio of R1m is required.
 

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
7,616
Thanks. Yes, EE's thrive brokerage subsidy applies if you have qualified for that certain month, but only for 25 local shares. Even without their subsidised brokerage, their brokerage charges rank 1st across most trade amounts.

Sjoe I tried thriving... its loops and loops, not straight forward. If anyone is a pro on thriving, pm me please
 

Zukat

Expert Member
Joined
Oct 11, 2010
Messages
1,357
Investec. If I’m not mistaken Investec doesn’t have a minimum trade value. It takes a percentage. It might have changed now.

Overall EasyEquities can be expensive because it doesn’t take into account your bid price. The other platforms you can place a bid price around 1% lower thus the savings can be lower.

Correct, EE basically integrated their cost into the margin, so its a hidden cost and the cost can be quite substantial from my experience
 

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
7,616
Correct, EE basically integrated their cost into the margin, so its a hidden cost and the cost can be quite substantial from my experience

I would rather pay that once off per share, compared to 0.2% (per year) for a debit order fee (ongoing)
 
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