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Question of the Day: If you were buying a TV today, which brand would you choose?
ABSA Stock Brokers - Price Increase
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backstreetboy
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Just move over to Easyequities 
not sure why people still trust Blapsa...
not sure why people still trust Blapsa...Their normal account used to be trade 5 times in a year and don't pay the monthly fee.
Then they changed it to once you trade 5 times, get the rest of the year for free.
Now, it's trade 3 times and get that month for free. @#$#@
So give it a couple of years and they will have moved the goal post on thier TFSA.
Will start with moving my TFSA - but might move my main account as well. That said - don't trust EE 100% - had a few issues with them - thier staff are less than useless.
Then they changed it to once you trade 5 times, get the rest of the year for free.
Now, it's trade 3 times and get that month for free. @#$#@
So give it a couple of years and they will have moved the goal post on thier TFSA.
Will start with moving my TFSA - but might move my main account as well. That said - don't trust EE 100% - had a few issues with them - thier staff are less than useless.
Move brokers, TFSAs are transferable now.
For a TFSA, why not EasyE?
If your going to do it yourself anyway then all you need is a broker you don't need a fancy interface or visual reports.
backstreetboy
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Then keep on paying. You want your bread buttered both sides?
When you purchase the shares on EE, you own them.
So if they go belly under you still own the shares.
A recent example will be to look at what happened to Deutsche Bank and how your DBx-trackers are now managed by Sygnia.
It's important to remember that the JSE is a regulated environment, this is not crypto. You are protected in every possible way, they cannot run away with your shares so to speak.
They have staff on Platinum Wealth answering and assisting members so getting support is pretty easy too if say you compare that to ABSA, Standard Bank OST, PSG etc.
It's something to keep in mind, but the most important thing is to always rememebr that a broker is just a broker, your shares are on the JSE platform regardless of who you used.
Although I do trust EE - I do not trust the systems they use. For instance, I bought R10k of a share - sometime in the next two years my R10K initial cost became R9,999.64. Not a "real" issue (the quantity of shares seems to have remainined the same) - but still weird. And terribly clueless staff - they seem to learn on the job. Helps a bit that Sanlam is behind them.
Analog Revenant
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any response yet from Absa?
So you are saying they can provide you with the share certificates? From what I remember they said they are keeping your funds in a ring fenced trust which allows them to keep the fees so low...
EDIT: Asking them for clarification.
Last edited:
Share certificates? Not really a thing anymore.
The shares are housed in a separate ring fenced company. It's not affected by the insolvency of EasyEquities for example.
Most/all brokers do this.
My understanding is that the fractions are simply debts between you and EasyEquities while the whole shares are ring fenced.
This ring fenced company sounds great until tomorrow you type in easyequities and get error 404, your move?