Jump to content


Photo
- - - - -

Easy Equities - Purple Group

Investment platform fintech

  • Please log in to reply
1 reply to this topic

#1 Guest_PlatinumWealth.co.za_*

Guest_PlatinumWealth.co.za_*
  • Guests

Posted 01 November 2018 - 09:26 PM

We love them


  • 0

#2 JK001

JK001

    Advanced Member

  • Members
  • PipPipPip
  • 330 posts

Posted 01 November 2018 - 07:35 PM

Fintechs are here to change/disrupt the world.  Easy Equities (EE) is yet another Fintech to do so.

 

Now, regardless if you are a big investor or a small investor, you want to pay as little as possible commission.  At EE, normally you pay 0,25% commission on equities, no monthly or other hidden fees. This excludes the regulatory taxes and fees.

 

But then EE also have a loyalty program called 'thrive',  every month there is some type of achievement you need to reach which gives you a thrive status. About 50 of the most traded equities and CFDs are then tagged in the thrive category where you pay zero commission. 

 

Set backs are that you cannot bit for a specific price, but it is an investment platform and not a trading platform.  Make sure you understand the difference before engaging with any platform.  Also, prices that you see on EE are 15 minutes delayed, so make sure you have access to another platform if you want to see real-time prices.  On the other hand, if the stock you are interested in moves that much within 15 minutes then it is possibly a volatile stock that you can do without.

 

Likewise,  I am not too impressed with the EE Forex conversion process and prices, for that I recommend exchange4free, these guys take no commission (make their money on the exchange rate), but you can negotiate using the exchange mid-rate as an anchor, obviously the bigger the amount the more negotiating power you have.

 

EE is a registered and regulated Financial Service provider.  A few years back Sanlam bought 30% of EE at R 100 million and I read that EE now have more than 50,000 members.   Before you think of joining, do your own research and make sure it is a choice that will work for you. 

 

Disclaimer - I am in no way affiliated or related to Purple Group, 

 

There is an unfortunate culture and apologies if I generalize that fund managers on a monthly basis just spread people's money across the market with the hope that some will hit and outweigh the losers, because by tax incentive next month there will be more to spread. I am sure there are exceptions.  So best you ensure your future wealth driven by research and homework.

 

The advise is simple, make sure you don't pay that much commission on any platform that you will have to own the stock for years just to recoup your commission.   

 

A warning, there are some people on sharechat that will more than extract your commission from you and you need to be very aware that you live in a world where trust is earned and not there by default.  As the plot thickens you will get addicted to their helpdesks and other Samaritan-like behavior until you are so engulfed that you do no realize you have been conned. 

 

 

 

 

 

 

 

 

 

 

 

 


  • 0





Also tagged with one or more of these keywords: Investment platform, fintech


Sponsored by Sharenet and VPSNine Linux VPS Hosting