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#141 Polly

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Posted 01 October 2018 - 06:13 PM

Thanks JK, you just brightened my evening and gave me a great idea for my next trade.

 

 

My 2 platforms do not allow me to short Purple.  Can you recommend a platform that does? appreciated

 

 

Cheers


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#142 JK001

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Posted 01 October 2018 - 04:51 PM

This is why one needs to understand the meaning of :

 

Regulated

 

 

vs

 

 

Unregulated 

 

 

Simple...ones a bucket shop the other not

Polly,

 

we have came to know you as a negative person, I think what you are doing is inappropriate since you are not reflecting the facts and is actually busy with fake news that could be detrimental to Purple Group.

if EE was my business I would be pretty peed off with your ill comparison and scaring the daylights out inexperienced people.   Are you trying to short Purple Group too?

 

For one, SA is not UK and all legal financial services in SA is regulated.  You obviously know what the Strate system does - It reports to Reserve Bank. 

Secondly, if you read carefully the securities are held in a separate independent company that is not allowed to have assets or liabilities.   It means the separate cannot go belly up even if the mothership tanks.

 

One rather has to understand the difference between critical analysis and defamation, and I think you are busy with the latter.


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#143 Polly

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Posted 01 October 2018 - 04:01 PM

This is why one needs to understand the meaning of :

 

Regulated

 

 

vs

 

 

Unregulated 

 

 

Simple...ones a bucket shop the other not


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#144 Polly

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Posted 01 October 2018 - 03:59 PM

"FWT Nominees is the registered owner of all client Securities" says it all


Edited by Polly, 01 October 2018 - 03:59 PM.

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#145 Polly

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Posted 01 October 2018 - 03:58 PM

From the horses mouth. I think it is inappropriate
How are my assets protected?
Modified on: Tue, 11 Sep, 2018 at 3:44 PM

All Whole Securities bought and Cash not yet invested by Clients on the EasyEquities Platform are protected in an Insolvency Event, because all Whole Securities and uninvested Cash are segregated (i.e. kept separate) from the assets of First World Trader (Pty) Ltd (“FWT”), the company that operates the EasyEquities Platform.

1) Whole Securities
All Whole Securities are held in safe custody by, and registered in the name of FWT Nominees (RF) (Proprietary) Limited (“FWT Nominees”).

FWT Nominees is a ring fenced, private, limited liability company with registration number 2013/091397/07, registered in accordance with the company laws of South Africa and approved as a nominee company to hold assets in its name on behalf of Clients by the Financial Sector Conduct Authority and Strate Proprietary Limited (“Strate”).

FWT Nominees is only permitted to hold Clients’ assets, including Securities and Cash. FWT Nominees is not permitted to incur any liabilities or expenses.

FWT Nominees is the registered owner of all client Securities. A register of the underlying beneficial owners of these shares is maintained by FWT.

FWT Nominees holds a Securities Account with an authorised central securities depository participant (CSDP) admitted to Strate, in the name of FWT Nominees into which Clients’ Securities are deposited or stand to be credited.

The CSDP submits a report of all holdings to Strate on a weekly basis, detailing the Securities that are held in the Securities Account. FWT submits a detailed breakdown of the beneficial owners or those Securities to Strate at the same time. Strate ensure that the lists reconcile and then utilises the data to update the Issuers share register, in which FWT Nominees is shown as the registered owner of such shares and the Client as the beneficial owner.

2) Cash
All Client Cash, that is not currently invested in Securities is held in FWT Nominees’ Bank Account, a bank account opened and maintained by and held in the name of FWT Nominees on behalf of Clients as beneficiaries of the amounts standing to the credit of such account from time to time.

For a more detailed description of the Insolvency Protections in place to protect EasyEquities’ Clients, please refer to paragraph 23 of the EasyEquities Terms and Conditions.

Pure round tripping exercise which means niks...

 

If you been trading long enough go see what happened to its holding company in UK when the markets crashed in 2007. Every client lost EVERYTHING.

 

Big words used above with little meaning when the **** hits the fan...


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#146 JK001

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Posted 01 October 2018 - 03:50 PM

nonsense...Im talking of funds in account...


Shares in your name i dont know but would say even that no....Thats why they can give you .25 comm...IM fact im convinced they cannot transfer in your name because they not a registered broker..


From the horses mouth. I think it is inappropriate
How are my assets protected?
Modified on: Tue, 11 Sep, 2018 at 3:44 PM

All Whole Securities bought and Cash not yet invested by Clients on the EasyEquities Platform are protected in an Insolvency Event, because all Whole Securities and uninvested Cash are segregated (i.e. kept separate) from the assets of First World Trader (Pty) Ltd (“FWT”), the company that operates the EasyEquities Platform.

1) Whole Securities
All Whole Securities are held in safe custody by, and registered in the name of FWT Nominees (RF) (Proprietary) Limited (“FWT Nominees”).

FWT Nominees is a ring fenced, private, limited liability company with registration number 2013/091397/07, registered in accordance with the company laws of South Africa and approved as a nominee company to hold assets in its name on behalf of Clients by the Financial Sector Conduct Authority and Strate Proprietary Limited (“Strate”).

FWT Nominees is only permitted to hold Clients’ assets, including Securities and Cash. FWT Nominees is not permitted to incur any liabilities or expenses.

FWT Nominees is the registered owner of all client Securities. A register of the underlying beneficial owners of these shares is maintained by FWT.

FWT Nominees holds a Securities Account with an authorised central securities depository participant (CSDP) admitted to Strate, in the name of FWT Nominees into which Clients’ Securities are deposited or stand to be credited.

The CSDP submits a report of all holdings to Strate on a weekly basis, detailing the Securities that are held in the Securities Account. FWT submits a detailed breakdown of the beneficial owners or those Securities to Strate at the same time. Strate ensure that the lists reconcile and then utilises the data to update the Issuers share register, in which FWT Nominees is shown as the registered owner of such shares and the Client as the beneficial owner.

2) Cash
All Client Cash, that is not currently invested in Securities is held in FWT Nominees’ Bank Account, a bank account opened and maintained by and held in the name of FWT Nominees on behalf of Clients as beneficiaries of the amounts standing to the credit of such account from time to time.

For a more detailed description of the Insolvency Protections in place to protect EasyEquities’ Clients, please refer to paragraph 23 of the EasyEquities Terms and Conditions.
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#147 Polly

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Posted 01 October 2018 - 03:48 PM

EE is no bigger risk than PSG for equities. Shares are issued in your name. Even if something happens (unlikely) to EE you cannot loose your shares. At 0.25 commission you cannot do better. They also have a ‘thrive’ program where qualified members pay 0% commission for a specific months.

nonsense...Im talking  of funds in account...

 

 

Shares in your name i dont know but would say even that no....Thats why they can give you .25 comm...IM fact im convinced they cannot transfer in your name because they not a registered broker..


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#148 JK001

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Posted 01 October 2018 - 03:44 PM

Hi Jet,

Me as well. My fixed deposit matures end of October 2018. lol don't think I will be using fixed deposits anymore...I make more on EE (which I should change soon - PSG - Thanks Polly)

Imagine - 350K in Capitec - 8K interest for the year....My word lol!

Can make more on EE... :)


EE is no bigger risk than PSG for equities. Shares are issued in your name. Even if something happens (unlikely) to EE you cannot loose your shares. At 0.25 commission you cannot do better. They also have a ‘thrive’ program where qualified members pay 0% commission for a specific months.
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#149 Polly

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Posted 01 October 2018 - 02:45 PM

and took a punt on texton today @R4.80. Looking for 10% max


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#150 Polly

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Posted 01 October 2018 - 02:43 PM

took a punt on ACL  during the week @3.10 

Looking for between 4 to 5 to bail.

 ACL up 13% today to R 3.70....very near my target price....quicker than i thought


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#151 Motivated

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Posted 01 October 2018 - 02:36 PM

Just to clarify M , if EE goes belly up, you loose all your money as they unregulated.  However if PSG goes belly up and seeing they are a member of the JSE , your funds are guaranteed by JSE!!

 

Even IG is unregulated... means those okes EE and IG can do what they want and you have no recourse ( also a number of online bucket shop operators)

Hi Polly, 

 

That is a huge risk :(

Thank you again for the advice.  I will definitely take it. 

 

I will start looking into how to sign up with PSG (https://www.psg.co.z...th/stockbroking) I need to change platforms this month.

 

I am quite annoyed today because the EE trading desk hasn't been available from 9:30.

 

 

M


Edited by Motivated, 01 October 2018 - 02:40 PM.

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#152 Polly

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Posted 01 October 2018 - 01:56 PM

Hi Jet,

 

Me as well.  My fixed deposit matures end of October 2018.  lol don't think I will be using fixed deposits anymore...I make more on EE (which I should change soon - PSG - Thanks Polly)

 

Imagine - 350K in Capitec - 8K interest for the year....My word lol!

 

Can make more on EE... :)

 

 

Just to clarify M , if EE goes belly up, you loose all your money as they unregulated.  However if PSG goes belly up and seeing they are a member of the JSE , your funds are guaranteed by JSE!!

 

Even IG is unregulated... means those okes EE and IG can do what they want and you have no recourse ( also a number of online bucket shop operators)


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#153 Lionelza1

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Posted 01 October 2018 - 01:42 PM

Hope there's no sudden drops like we seen on snh else I gonna be like a headless chicken again
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#154 Lionelza1

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Posted 01 October 2018 - 01:39 PM

Got more Jet... If it's not the market Thats squeezing my balls... Then it's me squeezing it :D... Sitting risky now but on up so not that much risk.... Sitting just over 100% my goodness
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#155 Ms Jet

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Posted 01 October 2018 - 12:53 PM

Lionel did you go flying in and buy more choppies or hold back?
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#156 Ms Jet

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Posted 01 October 2018 - 12:52 PM

Great motivated...i went in like a mad women on snh...but future trades will go by the book...cautiously
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#157 Motivated

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Posted 01 October 2018 - 11:03 AM

Im going start trading in next month s but my budget is only going be 200000 and no more than 20k on each trade to start..boring maybe...

Hi Jet,

 

Me as well.  My fixed deposit matures end of October 2018.  lol don't think I will be using fixed deposits anymore...I make more on EE (which I should change soon - PSG - Thanks Polly)

 

Imagine - 350K in Capitec - 8K interest for the year....My word lol!

 

Can make more on EE... :)


Edited by Motivated, 01 October 2018 - 11:03 AM.

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#158 Lionelza1

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Posted 01 October 2018 - 09:53 AM

30% within first hour
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#159 Lionelza1

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Posted 01 October 2018 - 09:51 AM

Jussis
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#160 Ms Jet

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Posted 30 September 2018 - 09:23 AM

Im going start trading in next month s but my budget is only going be 200000 and no more than 20k on each trade to start..boring maybe...
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