30 basis points (0.3%) or R110 minimum; whichever is larger. A quarterly administration fee of R250 applies to all accounts. This amount is rebated in full if you have traded at least three (3) times in the given quarter. The commission is calculated per share traded per day. If more than one order to buy the same share is executed on the same day, the commission will be calculated on the total value for the day as one trade only and adjusted overnight. If one order to buy or sell shares is executed over two days you will be charged a commission for the value traded on each day as two separate trades. One order to buy a share and one order to sell a share on the same day will constitute two trades and will attract two separate commissions.
Account/Portfolio migration fee - We do not charge on incoming accounts, only outgoing migration, due to administrative costs and only on open positions at R120.00 (incl. VAT) per counter
We do not accept cash deposits or cheques. Please arrange for payment to be made via EFT. Clients who do transfer cash amounts into our bank account will be debited with the cash deposit fee levied by the bank. Please note that cash balances of R12,500 or more will earn the rate determined by the JSE Trustees less 100 basis points excluding tax. Cash balances below this threshold will not accrue interest nor will interest earned that is less than R50 be paid. This rate can fluctuate. If the account is overdrawn, a charge of 500 basis points on top of the JSE trustees' amount will be levied. Cash balances receive an interest rate of JSE - 1%.
JSE Interest Rate (%)
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Cost of Order