Overall, this EasyEquities review conducted in South Africa shows that EasyEquities can be summarised as a trustworthy broker that provides a trustworthy platform for shares trading in South Africa. EasyEquities costs are only 0.64c ZAR / $1 USD per R100 ZAR / $7 USD invested. Pay Zero Tax on your investment.
| 🔎 Broker | 🥇 EasyEquities |
| 📝 Regulation | Financial Sector Conduct Authority |
| ☪️ Islamic Account (Swap Free) | ❌ No |
| 🆓 Demo Account | ✔️ Yes |
| 📈 Institutional Accounts | ✔️ Yes |
| 📉 Managed Accounts | ❌ No |
| ➕ Maximum Leverage | None |
| 💰 Minimum Deposit | None |
| 🔁 Tradable Assets | Exchange-Traded Funds |
| Cryptocurrencies | |
| Property | |
| 🤝 Customer Service Hours | 24/5 |
EasyEquities Review – 16 Key Point Quick Overview
- ☑️ EasyEquities – Overview
- ☑️ EasyEquities Safety and Regulation
- ☑️ EasyEquities Sign Up Bonus
- ☑️ EasyEquities Referal Bonus Program
- ☑️ EasyEquities Accounts
- How to open a EasyEquities Account – Step by Step Guide
- EasyEquities Deposit and Withdrawal
- EasyEquities Trading Platform and Software
- EasyEquities Markets, Products, and Instruments
- EasyEquities Cost and Fees, Commissions and Spreads
- EasyEquities Best Countries by Traders
- EasyEquities Customer Reviews
- EasyEquities Pros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
EasyEquities – Overview
First established in 2014, EasyEquities is a South African stockbroker that operates as a subsidiary of JSE listed Purple Group Limited (PPE). EasyEquities provides an online platform that connects investors with their preferred shares, with access to a variety of listed brands.
Portfolios can be structured in different ways to suit your investment profile. EasyEquities is user-friendly and offers a vast variety of trading tools and educational resources, while the trading environment is regulated and secure.
EasyEquities was first established in South Africa in 2014 and today the broker is headquartered in Johannesburg, the country’s financial capital.
EasyEquities Safety and Regulation
EasyEquities is regulated by South Africa’s Financial Sector Conduct Authority, and it’s Treating Customers Fairly policy is structured according to the guidance handed down by the regulator.
The FSCA is well-regarded as a regulator and requires regular transparent audits to be done by the broker while providing fair recourse for clients to receive protection and settle any disputes.
EasyEquities Sign Up Bonus
EasyEquities does offer a sign-up bonus of sorts. New applicants will receive $10 in Tesla ($TSLA) shares deposited into their US account as a sign-up bonus and with fractional shares in the US. Furthermore, a referral program is made available to all EasyEquities clientele.
EasyEquities Referal Bonus Program
EasyEquities members are able to refer their friends and family to use EasyEquities while earning rewards for them both. The referral can be done electronically via the EasyEquities website or app, or by giving the potential applicant a unique EE number for input upon account registration.
How to Refer via website or app:
- Log in to the EasyEquities account
- Click on the ‘Refer and Earn’ option in the horizontal navigation menu (top-right)
- A ‘Refer and Earn’ pop-up window will appear allowing the account holder to choose which method they would like to use to refer a friend.
- When the person who has been referred to EasyEquities clicks on the link in any of those referral messages/notifications, they will be redirected to the registration page, where the account holder’s details will automatically be associated with their new registration.
How to Refer by giving a EE number:
- Log into the EasyEquities account
- Find the unique EE number.
- Give this number to the person being referred to the website and request that they enter it into the “Referred to EasyEquities” field on tab 2 of the online registration.
Rewards of the EE Referal Program:
When the person who has been referred to EasyEquities successfully registers an account and made their first investment, the original account holder will receive R50 ZAR / $4 USD in EasyMoney as a reward.
Furthermore, once the referee FICAs their account, they will receive R50 ZAR / $4 USD from EasyEquities to start their investment journey.
EasyEquities Accounts
| 🔎 Account | 📌 Feature |
| 🥇 ZAR Account | Local Shares and EFTs |
| 🥈 TAX Free Savings | Up to R36,000 ZAR a year - Tax Free |
| 🥉 US Dollar | American Listed Shares |
| 🏅 AU Dollar | Australian Listed Shares |
| ✔️ EasyProperties | Property Market |
| ✔️ RA Account | Managed Retirement Annuities |
| ✔️ ZAR and USD Demo Accounts | Simulated Trading |
EasyEquities ZAR Account
ZAR stands for the South African Rand and theEasyEquities Account will enable investors to invest in local South African shares and ETFs.
EasyEquities TFSA Account
TFSA stands for Tax-Free Savings Account. The Tax-Free Savings Account will allow traders to invest up to R500 000 without paying any tax on profits made, dividends received, or interest earned.
Account Restrictions:
- The account holder can only invest up to R36 000 a year in this account.
- The account holder will only be able to invest in Collective Investment Schemes and not single shares.
- If the account holder exceeds the annual (R36 000) and lifetime (R500 000) limits, SARS will introduce penalties – 40% on the excess.
EasyEquities however will prevent the account holder from over contributing in the TFSA held with the company but can not monitor TFSA contributions made elsewhere. Any amount withdrawn by the account holder from their account will count towards their annual and lifetime limit.
EasyEquities USD Account
EasyEquities AUD Account
The account holder will need to transfer funds from their ZAR account to their AUD account, which converts the Rands into Australian dollars. Once the money has been converted, traders can invest as they normally would.
EasyEquities RA Account
The RA Account is a retirement solution. Investors can deposit any amount they wish into a retirement bundle. A bundle creator will be buying or selling shares in the account holders portfolio, and re-adjusting weightings to keep the risk vs reward balance in check.
EasyEquities EasyProperties Account
EasyProperties is an online platform that offers investors access to fractionalized shares in both new and existing property developments.
EasyEquities Demo Accounts
EasyEquities Demo Accounts come loaded with R100,000 in a ZAR demo account and $10,000 in a USD demo account – Virtual Money.
How to Open an EasyEquities Account – Step by Step Guide
To start trading on the Easy Equities platform, you will need to open an account. This is a simple and streamlined process that consists of the following steps:
1. Step 1: Register
Click on one of the multiple Register buttons located on the EasyEquities Home Page.
2. Step 2: Select Country
The Applicant must now select their country of citizenship, residence, and birth.
3. Step 3: Select a Profile
The Applicant must now select their account type. We selected the Profile type – For individuals, 18+.
4. Step 4: Create an EasyID
The applicant must now create a username, provide a valid email address and register with a unique password.
5. Step 5: Personal Details
Here the applicant must enter their personal information, including their date of birth and contact details.
6. Step 6: Address
The Applicant must now complete their address, city, and province.
7. Step 7: FICA Information
The applicant must complete their FICA information and agree to selected terms and conditions in order to continue.
8. Step 8: Complete the Process
Once the FICA step has been completed, a confirmation email will be sent to the applicant in order to confirm their account registration. Now the account holder can deposit funds and invest.
EasyEquities Deposit and Withdrawal
Once an account has been successfully set up and verified the next step to making an investment is to fund the account. Each account type will come with its unique funding methods. When the trader wishes to withdraw funds from their EasyEquities account, the amount available for withdrawal will be displayed as the ‘withdrawable funds’ amount.
Here is an overview of both EasyEquities Deposit and Withdrawal procedures per account.
EasyEquities Deposit Methods by Account
| 🔎 Account | 💳 Deposit Method |
| 🥇 ZAR Account | EFT |
| Credit Card | |
| 🥈 TFSA Account | Inter-account transfer |
| EFT | |
| 🥉 USD Account | EasyFX Transfer |
| From Bank Account | |
| 🏅 AUD Account | EasyFX Account |
| From Bank Account | |
| ☑️ RA Account | EFT |
To access the withdrawal platform must simply log in to their account, select the relative account type, Select Withdrawals under the My Funds section of the menu Insert the amount they wish to withdraw, and click the red Withdraw button.
EasyEquities Trading Platform and Software
EasyEquities provides its proprietary trading platform which is designed to be user-friendly to support a wide range of experience levels, trading strategies, and investment profiles.
The platform supports both market and limit orders, with easy search functions and clear portfolio and fee reports. Price alerts are only available through the mobile version of the platform.
Markets, Products, and Instruments
EasyEquities provides a variety of products to suit a range of investment profiles. These include shares, Exchange Traded Funds, (ETFs), Cryptocurrencies, Exchange Traded Notes, Property, and Unit Trusts.
Portfolios can be managed as baskets, bundles, or structured products.
EasyEquities Cost and Fees, Commissions and Spreads
When evaluating a broker, it is imperative to look at the fees which are charged. These often depend on numerous factors including the spread, commissions, and margin requirements.
EasyEquities has low non-trading fees and does not charge for withdrawals, or an inactivity fee for dormant accounts. As noted above, EasyEquities does charge deposit fees of R1.60 for Credit Card and SiD deposits.
Commissions on Stocks and ETFs average at about $5, or 0.25% of trade value.
There is also a conversion fee when depositing unsupported currencies into ZAR, USD, or AUD accounts, which is charged at 2% above the mid-FX spot rate.
EasyEquities Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 South Africa | 97.15 |
| 🥈 Namibia | 0.43 |
| 🥉 Netherlands | 0.29 |
| 🏅 United States | 0.26 |
EasyEquities Customer Reviews
I am a first-time investor and often get put off by complicated investment platforms. I love the fact that EasyEquities is totally Easy! I find the brands I want to invest in by the company logos. And they are the cheapest platform in SA! It’s a win-win!
Kevin Parkin
It’s simple! It’s easy! It’s fun! I feel empowered as I can support listed companies that I believe in and want to see succeed. It is my contribution to South Africa’s economy.
Georgina Read
I religiously invest about 40% of my salary every month. I also invest lump sums sporadically from any events, brand campaigns, or endorsements that I acquire through other gigs via the entertainment industry. I love seeing my investments grow and also discovering new companies to invest in through EasyEquities. I’ve also started using my TFSA. Saving is important to secure one financial emancipation and freedom.
Tshepo Kgapane AKA Dj @ Large
EasyEquities Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low trading fees | Poor customer service |
| Excellent educational materials | Basic research tools |
| Easy account opening | Limited product selection |
Conclusion
Overall, EasyEquities is a great option for both beginner investors and those looking for portfolio diversification. Trading fees are low, and accounts can be opened for free with no trading fees.
The broker offers excellent training as well as analytical tools, and the EasyEquities platform is user-friendly with a decent selection of trading tools.
Disclaimer
Easy Equities warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.
Before deciding to trade with Easy Equities, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
Easy Equities warns that margin trading involves the potential for profit as well as the risk of loss.
Movements in the price of foreign exchange and commodities are very unpredictable, hence Easy Equities cannot guarantee a maximum loss that a trader may suffer.
Frequently Asked Questions
Is EasyEquities regulated?
Yes. EasyEquities is regulated by South Africa’s Financial Sector Conduct Authority, and its Treating Customers Fairly policy is structured according to the guidance handed down by the regulator.
How many instruments can I trade with EasyEquities?
EasyEquities provides a variety of products to trade incl: Shares, Exchange Traded Funds, (ETFs), Cryptocurrencies, Exchange Traded Notes, Property, and Unit Trusts.
Which platforms are supported by EasyEquities?
EasyEquities provides its proprietary trading platform.
Do EasyEquities offer leverage?
No, but margin is offered.
The advantage of margin trading from EasyEquities is that investors do not have to put up as collateral the full notional value so that a given quantity of capital can control a much larger position than having to pay the full purchase price of the underlying share.
What spreads can I expect with EasyEquities?
EasyEquities does not work on a spread basis.
Does EasyEquities charge a commission?
Commissions on Stocks and ETFs average at about $5, or 0.25% of trade value.
Are there additional charges on the Islamic account?
EasyEquities does not offer an Islamic Account.
