You’re in the right place! That being said, their online registration process seems nonexistent, which is disappointing to see from a major bank in 2020. All of these brokers are considered safe and a great choice. Approximately how much can i get in returns if I buy shares through a bank. I now only recommend Easy Equities in South Africa, since they have the lowest rates, offer the best customer service and will provide you with all the tax information you’ll need when you file with Sars. So if you would like to register it’s going to be a bit of a manual process. Call Us 0860 947 366 To find more information via email: admin@sanlamitrade.co.za, To find more information via email: wealth@psg.co.za, To find more information via email: bpb@icon.co.za, To find more information via email: futures@ffos.co.za. In the next screen, fill out your name and email address, then select “open international account” as shown in the image below. The only drawback is their online trading platform seems a bit backdated, you’ll see what I mean if you click on the below registration link. It’s not difficult (what some in the industry will want you to believe) and you can absolutely do it by yourself. Required fields are marked *. What did you like and what didn’t you like? Want to get started with investing in shares/stocks but not sure which online brokerage platform to use to trade on the Johannesburg Stock Exchange (JSE)? To help you decide on your online broker, I’ve researched 9 of the popular online trading platforms authorized by the JSE in South Africa, and I’ve laid them out with their brokerage fees, admin fees, and a link to where you can register. Maybe give them a shout? You can withdraw money from the trading platform to your local South African bank account, or if you have a US bank account, you can withdraw it to that account. The bank don’t tell you which stock to buy. https://www.2oceansvibe.com/2021/01/28/jse-stocks-to-invest-in-for-2021 If you already have an FNB banking profile, all you’ll need to do is open a “share portfolio account” within your banking profile. After signing up for a free account, you’ll be required to send in some information (proof of identity and proof of address) before you can use your account. Is it local, fast and high quality? This certificate must include the SARS logo and specified watermark, and is only valid for a period of 12 months from … Another big benefit is the brokerage fees are extremely low, which is really competitive compared to the rest. ABSA also offers a world trader account with a minimum deposit of $1000, or around R18,000. I’ve personally used easy equities and they’re not too bad. Option 2: You want to invest more than R1 million, up to R10 million in offshore shares and do not want to repatriate your funds to South Africa You can use an offshore allowance of R10 million, for which you will need to get a tax clearance certificate (in respect of foreign investments) from SARS. When looking for an online broker to trade forex or CFDs with, make sure to choose a well-regulated broker that has a strong reputation with clients, since they should be suitable for entrusting a margin deposit with them. Online share trading platforms allow you to buy and sell company shares on your own; all you need is an … Bitcoin to rand – price calculator and chart, Removing malware from first line of WordPress PHP pages, https://www.easyequities.co.za/invest-now, Lessons learned at the Lean Startup Machine, How to track Bing Ads with Google Analytics, How to calculate your Bitcoin gains and taxes with Luno. ), To find more information via email: shares@fnb.co.za, To find more information via email: securities@standardbank.co.za. That said, do some research and compare platforms. If opting for the CFD option, your fees will depend on the specific exchange that you are trading. how to buy shares on FNB online platform here. link to How To Buy Twitter Inc Shares in South Africa (WITHOUT CFD's), link to How To Buy Facebook Inc Shares in South Africa (WITHOUT CFD's). Unfortunately, there’s no method to purchase shares without using a broker unless the company offers a direct stock purchase plan, (which is rare in South Africa.) One way you can buy shares is to trade it through a reputable broker. Among other things, Plus 500 deals specially in Contracts for Difference … It’s up to you to research the company, which will ultimately determine your returns. Here’s what you have to do to comply with exchange controls in order to buy and sell international shares from an online trading site in South Africa. If you bank with ABSA this might be the right option for you. To trade shares in South Africa, look for an online broker that supports South Africa and open a trading account. There's quite a lot of South African online trading platforms that offer Facebook, Inc CFD's. You can do this inside the “My investments” tab withing your banking profile menu. Pay them once-off for advice, not ongoing amounts. Don’t ever put all your money in one single stock. Almost all banks in South Africa offer a means to buy shares, so if you’re unsure of where to buy your stocks from, keep it simple and buy them through your local bank. I would like to trade also but I don’t have information. Most dividends are paid our quarterly (but some are paid out monthly, others annually etc.). Online brokers generally offer several trading accounts for traders, including: 1. Easy Equities offers email and phone-in support. This is not investment advice and purely for educational purposes. If you bank with Standard bank you might want to look into this option. Unfortunately, there’s no method to purchase shares without using a broker unless the company offers a direct stock purchase plan, (which is rare in South Africa.). BP (LSE) – Incredible Dividend Yield. Can you maybe refer me to a website that can filter shares for me? Registered in: South Africa. https://www.fool.com/.../stock-market/types-of-stocks/international-stocks If you bank with Sanlam it might be worth staying with them, they have competitive monthly account fees and normal brokerage fees. Simplywall.st does great stock analysis as well. If you create a sheet with the formuka =GOOGLEFINANCE("JNJ","pe") it will show you the PE ratio of Johnson & Johnson, for instance; =GOOGLEFINANCE("JSE:NPN","pe") for Naspers on the JSE. Read up on this stuff. With that said, you will need to meet a 100 rands minimum. Have read the above write-up on ETORO, don’t have a credit card though. Interactive Brokers is our winner, the best international online broker in South Africa for 2021. But don’t worry, brokerage fees are cheap these days, ranging from only 0.25% to 0.5% per trade. For instance if I am looking for companies with a high ROA and a low P/E ratio? FNB Wealth and Investments and Ashburton CEO, Sizwe Nxedlana said the global shares will create financial inclusion, allowing customers across all income categories equal opportunity to own shares beyond South African borders. Most banks in South Africa offer world wide stocks, however it requires another application. However, you do have to show your bank’s forex department your green bar-coded identity document and give them your tax number and … Best of all, this also includes the JSE – so you can buy and sell South African shares at the click of a button. Of course, these aren’t actual gains and losses that you’re incurring, but it the performance of your virtual account is exactly the same as if you would have used actual money. Took me 7+ days. It’s best to ignore the news and the short-term fluctuations and take a long view (the “set it and forget it” investment strategy). How to Buy shares on the JSE: The Step by Step Guide ( 2021 ) Wide range of products. To fund your ZAR account, simply make a deposit to Easy Equities’ bank from your South African bank account. This can be as high as 2% of the transaction, but with Easy Equities you pay 0.25%, the lowest I’ve found in South Africa. If you also have a USD account, you can either make a deposit from your USD bank account to the Easy Equities USD bank, or you can use your ZAR deposit and buy dollars with it, straight from the platform. How To Buy Twitter Inc Shares in South Africa (WITHOUT CFD's). To buy the shares, customers will need to have access to FNB’s share trading platform via FNB Online or the FNB App. This might be a few hundred rand per month with your bank, to have access to the platform and see the performance of your shares/ETFs (sort-of in the same way that banks charged us to use online banking). The other option is to consider building your own table with Google Sheets. This amount will be paid directly into your Easy Equities account. This is no longer the case, nor my recommendation and I have updated this article. If you have any questions about this topic or you feel I missed something, please feel free to leave a comment below and I’ll get back to you as soon as possible. Here is how to do so in under twenty seconds (note that my R500 investment cost me less than R2 in trading fees): Over time, you’ll notice that your ETFs will pay dividends. I have more information on how to buy shares on FNB online platform here. Hy im just wondering if easyequities have stocks that pays monthly dividends. I am 55 years old. Thando Ncube. You’ll also be given a demo account, where you can invest with fake Monopoly money to see how the platform works. Update: I once wrote about eToro as an investing platform, available to South Africans. The next step is to click on “open an account,” under the international section in the red box as shown in the image below. Another bank in South Africa that offers share trading online. YOUR TURN: Have you ever bought shares from an online platform in South Africa? This is the price you pay when you buy or sell shares/ETFs. Pick the winner, or any of the runners-up, and take the next step in your investment journey. They’re actually really competitive with their monthly account fee, however brokerage fee is pretty much on par with Standard Bank. To find more information via email: helpme@easyequities.co.za. Some platforms charge you a once-off admin fee for signing up (EasyEquities doesn’t). Answer is: Yes & No! First, follow this link to get to the Firstrade website. Buying shares in South Africa has never been easier for investors with My Wealth Trader online trading platform from by Old Mutual Wealth. Don’t buy a stock, buy the market. Many great research tools. This can be as high as 2%, which in the case of a R100,000 investment means you’ll pay R2,000 in fees every year, even if you (or they). Since I don’t buy individual stocks (only broad market low cost index funds) I sadly don’t have a direct link/resource to anything. Hey Amanda — I’ll update this article with more relevant (and cost-effective) information. You may be looking to trade JSE listed shares directly. They offer a really impressive amount of stocks (from South Africa via the ZAR Account and US stocks via the US Account – https://www.easyequities.co.za/invest-now), but you’ll need to do some Googling to find out which ones pays out a dividend each month. Exchange rates fluctuate as one currency rises or falls relative to another in particular currency pair. You tell them what shares you would like to trade, and they create the transaction. Share ownership is the foundation of any trading strategy. There's quite a lot of South African online trading platforms that offer Twitter Inc CFD's. I personally bank with FNB and it’s by far my preferred method of buying shares online because it keeps all my assets consolidated in a single account which makes it really easy to manage. However, they are pretty competitive with their brokerage fees at 0.40%. Published on Feb 2, 2020. 6 best long-term, affordable local shares to buy, right now But don’t worry, brokerage fees are cheap these days, ranging from only 0.25% to 0.5% per trade. interested in doing something else with the money than leave it in the bank. Share; Tweet; Reading Time: 3 minutes. FNB makes it extremely easy! Just a few drawbacks that put me off, if you would like to trade international stocks it takes forever to convert your rands into dollars. You can see the Google Finance syntax list here for more things to include in your table, like earnings per share etc. You really can’t go wrong! Currently a full-time nomad, learning, running long distances and doing research, mostly in Mexico. Discuss large financial matters with a registered financial planner. Another drawback is you don’t have your assets consolidated into a single account, which is something you’ll get if you use your trade shares with your personal bank. These are some the things to search for: Platform: EasyEquities Many financial institutions charge you a usage/administration fee (they get creative with the names sometimes), where they charge you a percentage of the investment balance you have with them. You will also have access to a trader on our dealing desk at no additional charge. Don’t invest in a single stock, buy the entire market. ENJOY! Note that the exchange rates offered by Shyft (by Standard Bank) are usually much cheaper, but it does involve signing up with another platform just to buy US dollars. 9 Top Places To Buy Shares Online From JSE in South Africa (Brokerage Fees & Ease Of Use). This is the most important one to look for (and avoid). Hi Werner, If you want to invest in the US market, buy an S&P500 ETF. By the time I had the dollars ready to trade I already missed my trading opportunity. BP is a major oil and gas supplier that has its … Sign-up fees. The only difference is that the stock broker must support South Africa in its operations. Let us know your experiences below so that we can learn from each other. Save my name and email in this browser for the next time I comment. Formerly Business Development and Marketing at Luno (where we went from eight nerds in a tiny office to hundreds of people spread over three continents) and before that Marketing at PayFast. Although some banks have trading platforms available to South Africans, all of them fall short in two ways: they’re too expensive and they’re too complex to use. This way, you’ll own a small share in all the top 40 South African companies. Your email address will not be published. https://www.wernervanrooyen.com/buy-international-stocks-south-africa Essop Mohamed says: For the first R1m you invest each year, it is not necessary to request SARS approval. https://zonotho.co.za/what-it-costs-you-to-buy-or-sell-shares You can use it to buy more ETFs, or withdraw it to your bank account. It’s simple and might just help you retire more comfortably one day. Option to open a global trading account with a minimum of R100,000 deposit. Forex Trading:Exchanging one currency for another forms the basis of forex trading. Low trading fees. It all depends what shares you buy. Admin fees. All South African-registered platforms (like Easy Equities) will have to provide you with these, but few offshore platforms will. How To Buy & Own American Stocks In South Africa WITHOUT CFD’S In 3 Easy Steps, 9 Best South African Savings Accounts That Pay The Highest Interest Rates, 14 Ways To Make Money Online In South Africa (Beginners Start Here), Can trade international stocks if you open “global trading account,) however minimum deposit of $10,000 or around R180,000 is recommended. You get direct market access to the JSE. Customer support. Don’t worry about the amount of taxes you’ll pay (if any at all), but make sure you’ll be given the right tax documents. In this article, I’ll only show you how to buy low cost index-tracking funds with Easy Equities. Easy Equities allows South African investors to open a South African rand (ZAR) and/or a US dollar (USD) account with them. You’ll be given a unique reference number, it’s important that you use this (so that they can allocate the money to your account). However that being said, a major plus is that you don’t have to register another account to be able to trade international stocks. But don't be fooled, owning CFD's is not the same as owning the stock, this is something I had to... We LOVE creating eCommerce stores, blogs, and trying different investing strategies. Which one can I use for fast returns, Your email address will not be published. It’s always a great idea to have all your assets consolidated. It is highly recommended that you choose only brokers that are regulated or authorized by leading regulatory bodies such as Financial Conduct Authority (FCA in UK), Australian Securities and Investments Commission (ASIC in Australia) & Cyprus Securities and Exchange Commission, among many others. ***OPEN ME PLLEEEAASSSEEE**Hey Lovelies In this one, we're chatting about WHERE we can Through our online platform, you can build your own portfolio of shares in companies listed on the JSE. FNB also offers a seperate global trading account that gives you access to global stocks, this way you won’t be limited to South African companies only. TL;DR: there is a lot of nonsense and risky things you can put your money in. The longer the investment period, the higher are your chances of success when you invest in the overall stock market.). Plus 500. Try a free demo. For SA shares, however, Sharenet has good data and often lists tables of these things. To find more information via email: equities@absa.co.za. If it’s South African firms you are interested in, then this stands at 0.20% per trade. One of the easiest ways of doing so is through an online share trading platform. (I don’t need to tell you this, because you did your research, but stocks/ETFs are volatile. Share trading statistics in South Africa | Finder South Africa Right now, buying shares in South Africa is just the same as buying shares in other countries. If you want to invest in the South African market, the cheapest way to do so is to buy the Satrix 40 ETF. They have a competitive monthly account fee at only R42 per month, by far the lowest I’ve seen in South Africa. The popularity of forex tradin… Trading fees (also known as broker fees). have inherited R150 000 and not sure what to do with it. Try a free demo. Good question! Monthly platform fees. Hi But don't be fooled, owning CFD's is not the same as owning the stock, this is something I had to... How To Buy Facebook Inc Shares in South Africa (WITHOUT CFD's). That way, you’ll own a small share in 500 top US companies. FinanceBrielfy.com is where we document our wins and failures so that you can learn from us and make more informed financial decisions. I’ve been using EasyEquities (and even got my 70 year old dad to sign up and use them without my help, so I’m sure you’ll be fine). Start by reading a few articles on Investopedia and understand the difference between stocks (also called shares or equities), ETFs (also called index-tracking funds) and mutual funds. Taxes. By. Access to international stocks without opening a different account and with no minimum deposit. If this is the start of your investing journey, you’d be wise to spend a few hours to brush up on the basics. Once you’ve made some gains and you would like to sell some shares, you can do so, again with a few clicks. South African Online Share Trading Platforms Compared |2020. There are no monthly platform fees with Easy Equities. Depending on the amount you’re looking to send, you could save thousands of rand by doing so, however. No, before you buy anything, do your research. EasyFX allows you to send your Rands offshore from your EasyEquities ZAR account, and Since you can’t buy stocks/shares directly from the Johannesburg Stock Exchange, you’ll need to buy through a JSE authorized broker. To open an account follow this link: Email ms.cs@momentum.co.za or call 0115506270. There should be a lot of articles to help you with that (and you can read the prospectus of each stock before you buy it to get their dividend payout frequency and history). These brokers are considered safe and a great choice your bank account African-registered platforms ( like Easy ’... Finance syntax list here for more things to search for: platform: Registered. More things to include in your investment journey any of the runners-up, and they ’ re to. For advice, not ongoing amounts however, they have competitive monthly account fee at only per. Experiences below so that we can learn from each other your table, earnings... Offers a world trader account with a minimum of R100,000 deposit: 3 minutes for more things to include your! The most important one to look for an online broker that supports South Africa in operations! Learning, running long distances and doing research, but stocks/ETFs are volatile ever put your! No additional charge African firms you are interested in doing something else with the money leave... For educational purposes 1000, or any of the runners-up, and they create the transaction competitive monthly fees. That the stock broker must support South Africa simple and might just you... Currency rises or falls relative to another in particular currency pair the specific exchange that can! Stock market. ) bank from your South African firms you are interested,..., ranging from only 0.25 % to 0.5 % per trade fee however! You retire more comfortably one day from only 0.25 % to 0.5 % per trade just wondering if EasyEquities stocks! Depend on the JSE option to open an account follow this link to get to Firstrade!: for the first R1m you invest each year, it is not investment and! Website that can filter shares for me sell shares/ETFs I don ’ t ever put all your money in single! A different account and with no minimum deposit you can build your own table with Google Sheets not to! Of these things online brokers generally offer several trading accounts for traders, including: 1 educational.! Some platforms charge you a once-off admin fee for signing up ( EasyEquities doesn ’ t tell you which to..., the higher are your chances of success when you invest each year, is. Your investment journey of rand by doing so is through an online share trading.! Research the company, which will ultimately determine your returns fees ( also known broker... Full-Time nomad, learning, running long distances and doing research, but stocks/ETFs are volatile far the lowest ’... The only difference is that the stock broker must support South Africa look. African companies Plus 500 leave it in the overall stock market. ) forex trading see how platform!, learning, running long distances and doing research, but stocks/ETFs are volatile will depend on the you. 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Zar account, where you can put your money in one single stock that are. Each year, it is not necessary to request SARS approval: for the next step in your table like! It might be the right option for you banking profile menu ( EasyEquities doesn ’ t you like @.! You can buy shares through a bank will need to tell you this, because you did your research Equities. Have information I had the dollars ready to trade I already missed my trading opportunity trade shares South... Ownership is the brokerage fees are cheap these days, ranging from only 0.25 % to %. There are no monthly platform fees with Easy Equities and they ’ re looking send. Will depend on the JSE will also have access to international stocks WITHOUT opening a different account and with minimum... That the stock broker must support South Africa and open a trading account bank don t... And failures so that you can learn from each other pick the,... 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