Standard bank online share trading fees
Maya Fisher-French 01 Standard bank online share trading fees Which online stockbroker gives good rates on registration and trading? We have compiled a list of stockbrokers and their fees. Take into account service and standard bank online share trading fees they offer additional services which will help you make better trading standard bank online share trading fees. What does their platform offer?
Does it include SMS price alerts and stop losses? Do they have research and trading ideas? Do they send out a regular trading newsletter? Do they have workshops and training sessions? Any online broker will charge a minimum commission per trade, whether you are buying or selling shares. All accounts carry an administrative fee which is charged monthly or quarterly. Some brokers waive this fee if you make a certain number of trades each month or year.
The fees listed below are only the brokerage fees and do not include the mandatory costs of trading: Strate levy usually about R The amounts below do not include VAT so you need to add on 1. In this case you would be better off investing in unit trusts or exchange traded funds.
Annual admin fee is R Monthly admin fee is R50 a month. Quarterly admin fee R Monthly admin fee R Standard Bank Minimum fee of R70 Flat brokerage fee of 0. Every month you invest R or more and on 25th of each month Standard Online will buy the shares you have chosen from their range of selected shares, which includes the 40 largest companies standard bank online share trading fees on the JSE.
You do not have to be an FNB client to access the services. Because there are a limited number of shares available it makes it easier to choose. FNB provides detailed, easy to understand information on each share. There is a monthly management fee of R Post questions on the site for independent and researched information.
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Johannesburg - For the first time, South Africa retail investors will be able to invest directly - and at a low cost - into JSE-listed shares without having to buy unit trusts, share schemes or other forms of collective investments. Standard Bank has developed what it calls the Auto Share Investment ASIan online share investment product that is designed to help its customers build their share portfolio as they see fit. Auto Share Invest enables Standard Bank customers to invest as little as R a month in shares of their choice from a pre-determined listed of 20 highly rated, well known, liquid South Africa shares including companies like Pick 'n Pay, Sasol and Satrix This is a low cost product that will enable the general public easy access to and the opportunity to invest directly in standard bank online share trading fees on standard bank online share trading fees JSE.
Until now, retail investors, who do not necessarily have large sums of free capital to invest, could not really benefit from purchasing shares directly. Most brokerages charge an average minimum fee of about R including taxes all fees, no matter how small the transaction. Gain access without high costs "This product, however, allows retail investors access to some top 40 shares directly without that high cost," explains head of online share trading at Standard Bank, Richard Seddon; the brains behind the concept.
Although unit trusts and other collective investment products offer retail investors exposure to equity markets, the investment gain is often reduced by the fees and legislation on collective investments which limits the proportions of the fund that standard bank online share trading fees be invested in particular share, sector, or asset class.
There are no monthly administration standard bank online share trading fees to the product however a R25 charge is levied on accounts that are inactive for more than 60 days. ASI is housed within the Standard Bank internet banking offering and allows users to sell or buy shares on pre-determined dates or change the shares they invest in once a month, allowing them complete control over their chosen portfolio. Pros and cons Of course there are both pros and cons to such products for investors.
The obvious benefits are the lower cost of investment: The product also allows customers to have direct ownership of a particular share where as with unit trust clients only hold a unit of the fund and therefore they do not enjoy the benefits affording to shareholders.
The second benefit is complete freedom with no limitations on the term of investment and on how much you can invest in particular share, sector, or asset class. The flip side to this, however, is that with a limit of 20 shares your portfolio can never carry the kind of market diversity that unit trusts offer, thereby increasing the level of risk carried in your portfolio.
Furthermore, a product like this requires a market savvy investor who is completely comfortable with assessing company performance and is in tune with all the dynamics of the South African equity markets.
Investors who don't possess this knowledge are probably better suited to unit trusts, which are managed by experienced fund managers on your behalf. However, it is important to standard bank online share trading fees that unit trusts are only beneficial to investors with longer investment time horizons, of at least 3 to 5 years.
Educational tool Seddon says ASI has also been designed as an educational vehicle to allow South African consumers to better understand share trading and the benefits of investing directly in the equity markets: A first for retail investors