Standard fees (excl VAT):
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.
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 Trustee Rate History:
All our clients start with our basic package (SS BASIC) which includes 50 live price look-ups per month and market depth on the order entry page only and unlimited use of our 15-minute delayed data when viewing your portfolio or other pages. You then have the option of adding any of the following items at an additional cost per month. Please note that Sharenet Securities requires a minimum deposit of R50,000.00 when opening an account. Here are the extras you can include in your monthly package. Note all prices in this table are inclusive of VAT.
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© 2017 Sharenet Securities (PTY) LTD, a juristic representative of Sharenet Financial (PTY) LTD. Sharenet Securities (PTY) LTD Registration no. 2011/105666/07, Directors: JC Louw, Anthony Walker, Kobus Louw
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Sharenet Securities acts as an intermediary to Peregrine Equities (Pty) Ltd, a JSE Member
Risk Warning: Share trading may not be suitable for everyone and can result in losses, so please ensure that you fully understand the risks involved. All dealings are on an execution only basis. Sharenet Securities does not give advice and any statement made by Sharenet Securities to a client shall not constitute advice or a recommendation to trade or close a trade in any way. Sharenet Securities (PTY) LTD is a juristic representative of Sharenet Financial (PTY) LTD, an authorised Financial Service Provider - FSP license number: 28430. Registered Office: 4 Silverwood Close, Steenberg Office Park, Steenberg, Cape Town.