Thread by @NdzaviDerrick

9 Top Places To Buy Shares Online From JSE in South Africa (Brokerage Fees & Ease Of Use)

[Thread]

Since you can’t buy stocks/shares directly from the Johannesburg Stock Exchange, you’ll need to buy through a JSE authorized broker.

There’s no method to purchase shares without using a broker unless the company offers direct stock purchase plan,(which is rare in SA.)

But don’t worry, brokerage fees are cheap these days, ranging from only 0.25% to 0.5% per trade and here are 9 of the popular online trading platforms authorized by the JSE in South Africa:

FNB First National Bank
If you already have an FNB banking profile, all you’ll need to do is open a “share portfolio account” within your banking profile. You can do this inside the “My investments” tab within your banking profile menu.
FNB also offers a separate global trading

account that gives you access to global stocks, this way you won’t be limited to South African companies only.

Key features:
Brokerage fee: 0.50%
Monthly account fee: R87
Can trade international stocks if you open “global trading account,)

however minimum deposit of $10,000 or around R180,000 is recommended.)

How to register:
To open an account follow this link: shares.fnb.co.za
To find more information via email: [e-mail]

Standard Bank
If you bank with Standard bank you might want to look into this option. It’s always a great idea to have all your assets consolidated. They are pretty competitive with their brokerage fees at 0.40%.

Key features:
Brokerage fee: 0.40%
Monthly account fee: R99

How to register:

To open an account follow this link: securities.standardbank.co.za
To find more information via email: [e-mail]

Absa Bank
If you bank with ABSA this might be the right option for you. They’re actually really competitive with their monthly account fee, however brokerage fee is pretty much on par with Standard Bank.

Key features:

Brokerage fee: 0.40%
Monthly account fee: R75

ABSA also offers a world trader account with a minimum deposit of $1000, or around R18,000.
How to register:

To open an account follow this link: absastockbrokers.co.za
To find more information via email: [e-mail]

Easy Equities
With Easy Equities you don’t have to register another account to be able to trade international stocks. Most banks in South Africa offer world wide stocks, however it requires another application.

Another big benefit is the brokerage fees are extremely low, which is really competitive compared to the rest.

Key features:

Brokerage fee: 0.25%
Monthly account fee: R80 to R100
Access to international stocks without opening a different account and with no minimum deposit.

How to register:

To open an account follow this link: platform.easyequities.co.za
To find more information via email: [e-mail]

Momentum Securities
Another bank in South Africa that offers share trading online. They have a competitive monthly account fee at only R42 per month, by far the lowest in South Africa. That being said, their online registration process seems nonexistent, which is disappointing to

see from a major bank in 2020. So if you would like to register it’s going to be a bit of a manual process.

Key features:

Brokerage fee: 0.50%
Monthly account fee: R42
How to register:

To open an account follow this link: Email [e-mail] or call 0115506270.

Sanlam iTrade
If you bank with Sanlam it might be worth staying with them, they have competitive monthly account fees and normal brokerage fees.

Key features:

Brokerage fee: 0.50%
Monthly account fee:R50
Option to open a global trading account with a minimum of R100,000 deposit

How to register:

To open an account follow this link: sanlamitrade.co.za
To find more information via email: [e-mail]

PSG Wealth
Key features:

Brokerage fee: 0.90%
Monthly account fee: R52
How to register:

To open an account follow this link: psg.co.za
To find more information via email: [e-mail]

BP Bernstein

Key features:

Brokerage fee: 1.00%
Monthly account fee: R30
How to register:

To open an account follow this link: bpbernstein.co.za
To find more information via email: [e-mail]

FFO Securities
Key features:

Brokerage fee: 1.25%
Monthly account fee: R30
How to register:

To open an account follow this link: ffos.co.za
To find more information via email: [e-mail]

Final Thoughts
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. You really can’t go wrong!

*Source: Finance Briefly

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