Online trading platforms have become more easily accessible than ever, and freely so in some instances. finweek takes a look at fees, ease of use and market information offered by each to help readers find the best platform for their needs.
all self-respecting active traders take the tools of their trade seriously. They arm themselves with trading platforms that enable them to execute trades in a wide range of securities (from options, swaps and equities to digital and virtual currency) at razor-sharp speeds.
We take a look at the online platforms EasyEquities, IG Markets, DWT Securities, Rand Swiss, Sharenet, GT247, Khwezi Trade, Old Mutual Wealth Trader and Standard Bank Online Share Trading and how they compare when it comes to fees, financial securities on offer, market information and most importantly, which platforms are best-suited for investors versus traders.
EASY EQUITIES
Intellidex conducted market research across financial and capital markets in SA in 2018. It designed two comprehensive questionnaires – one for stockbrokers and another for their clients. The survey report lauded EasyEquities’ ease of use, saying “the firm’s efforts to make trading and investing fun and less daunting to novice traders is paying off, and it is one of the lowest-cost brokers around”.
“EasyEquities enables anyone to invest in the stock market. We do that by making the experience of investing easy and educational – no jargon, no complex tech and lots of content to help you get clued-up about what investing means and how it can make a real difference in your life,” says the platform’s head of client engagement, Justin Pearse.
“We’re also really affordable – it’s part of our drive to lower barriers and create access to wealth creation. Because of our fractionalised investing model, anyone is able to invest with as little as R10.”
The broker (rated 9.07 out of 10 by Intellidex) prides itself on providing a simple trading process and platform for investing not only in equities but exchange-traded funds (ETFs) and notes (ETNs) as well.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.