How To Make Money From Easyequities In South Africa
What is Easyequities?
EasyEquities aims to disrupt and remove the barriers to entry in local and international stock markets, making the purchase of shares easy, cheap and fun, and ensuring that anyone can own shares in the companies they love.
How To Make Money From Easyequities In South Africa
1 Register – It’s Free. Creating an EasyEquities account is super simple. There are no sign-in or monthly fees.
2 Take your demo account for a spin! Practice makes profit, so we give you R100,000 in a ZAR demo account and $10,000 in a USD account. Find the brands you know and love on the Invest Now page.
Frequently Asked Questions
Can you make money on EasyEquities?
Practice makes profit, so we give you R100,000 in a ZAR demo account and $10,000 in a USD account. Find the brands you know and love on the Invest Now page. We’ve also got baskets, bundles and ETFs which give you a whole bunch of pre-selected shares in one shot.
How much should I invest in EasyEquities?
You can invest with whatever amount you have, be that R10 or R1000. This is because EasyEquities allows you to invest in a portion of a share, while still getting the benefits of being a shareholder. This is called Fractional Share Investing and we’re the only ones who offer it in South Africa.
Can I buy shares with R100?
You can invest from as little as R100 per month – investing something is better than nothing at all! “Typically, the minimum investment amount would be a R500 contribution per month,” says van Schalkwyk. Equity funds primarily invest in stocks, so be prepared to take on the impact of any major stock market movements.
Does EasyEquities have a monthly fee?
EasyEquities prides itself on not charging the usual fees traditional brokers do. There are no registration fees, no minimums required, nor monthly platform fees.
How much do you pay EasyEquities?
On EasyEquities you pay zero platform fees, nada! You’ll also typically pay a fee to transact (buy or sell shares) on the platform that you invest on. These are called brokerage fees and can range from around 0.5% to 4% of the value of your transaction. On EasyEquities, the brokerage you pay is 0.25%.
How safe is EasyEquities?
EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange. You can’t open an account at EasyEquities if you live in United States.
How long has EasyEquities been around?
The platform, started in 2014, allows investors to buy fractional ownership of shares listed on the JSE and the New York Stock Exchange and now has a million users. There were 280,000 retail investors trading on the JSE with stockbroking accounts the day before EasyEquities launched.
How long does EasyEquities withdrawal take?
Withdrawals may take up to 2-3 working days to reflect in your bank account. We make every endeavour to make this process as quick and easy as possible on our side, but we are to some extent at the mercy of the banking institutions with whom we deal and cannot make their processes any faster.
Do you get dividends on EasyEquities?
Dividends can be paid either as a cash distribution into your free cash, or you can set your dividends to automatically re-invest. The default option is usually a cash payment, however you can change this in your EasyEquities profile settings, under account preferences. Date the dividends were declared.
Why can’t I withdraw money from EasyEquities?
Funds recently deposited may be subject to certain locked time periods depending on your type of deposit. Whilst your funds are locked you will be able to buy and sell but will not be able to withdraw them to your bank account. Take a read through this article here for a detailed example.
What happens after selling shares on EasyEquities?
The money you get from selling out of an investment is not immediately available for you to withdraw to your bank account. Settlement of funds from a sale are only available to withdraw after 5 working (business) days. You can however invest those funds immediately in other instruments / products on the platform.
How many shares do I need to get a dividend?
Most dividend stocks pay out four times per year, or quarterly. To build a monthly dividend portfolio, you’ll need to buy at least 3 different stocks so each month is covered.