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South African Online Share Trading Platforms Compared

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South African Online Share Trading Platforms Compared

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You may be looking to trade JSE listed shares directly. One of the easiest ways of doing so is through an online share trading platform. Online share trading platforms allow you to buy and sell company shares on your own; all you need is an active internet connection!

A very important factor to consider when choosing your platform is the fees charged by the platform you use. Share trading comes with a number of fees as considered in the article – The cost of buying and selling shares. The table below outlines the fees that may be charged by each individual broker.

 

Platform

Minimum investment

Monthly fees

Brokerage fees

Minimum brokerage fee

28E Capital 

R 0

R 57.50

0.35%

R 110

ABSA Stockbrokers and Portfolio Management

R 0

R 66.66

0.40%

R 120

Easy Equities

R 0

R 0

0.25%

R 0.01

FNB Securities

R 25,000

R 0

0.50%

R 100

Nedgroup Private Wealth Stockbrokers

R 0

R 58

0.70%

R 81

PSG Securities

R 0

R 40

0.90%

R 98

Sanlam iTrade Standard

R 5,000

R 57.5

0.50%

R 86

Sanlam iTrade Pro

R 5,000

R 149.5

0.50%

R 86

Standard Bank

R 0

R 80

0.50%

R 92

Important points to note:

1. In addition to the fees in the table, additional fees may be charged when you deposit or withdraw money from your account.

2. Some platforms reduce the brokerage fees if you trade large amounts of money

3. Some platforms waive the monthly administration fees if you trade frequently

4. Nedbank charges a quarterly fee instead of a monthly admin fee – we have expressed that fee as a monthly fee for comparative purposes.

5. Easy Equities does not charge the normal Strate Fee but charges an administration and settlement fee of 0.075%.

6. The platforms listed above are those for whom the online trading fees were readily available.

7. The fees listed above do not include VAT

8. We do not guarantee the accuracy of the fees listed here as they could change as and when the platform decides. Do confirm on the platform’s website.

This article does not constitute financial advice and is intended for information purposes.

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Thando

Thando is currently the Group Actuary at Clinix Health Group, having previously served as Actuary in Discovery Limited's R&D Lab. Thando loves tech, design, reading and is very passionate about the development of the African continent. Thando also runs Litmail, a tech startup in the e-communication space. All views expressed are Thando's own and neither reflect nor are influenced by the views of affiliated companies.

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