6016
EFG 6.15 cents - LDT: 27 Nov 2015
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Patrick does that allow you to trade on that particular exchange, say the London Stock Exchange? Or are you buying some sort of eft of that exchange?It allows you to trade directly on the offshore exchange.
Jis that 20$ minimum is going to be a killer (for me). I was hoping to invest ~R10k (~700$) pm direct offshore, but that would mean my minimum cost is something like 2.5-3%!! HecticYeah, you need to trade big to make it work. $5000 is a 0.4% fee. For the US it's not a precentage, so even if you trade a $100 000 it's still only $20, which is 0.02%. Really cheap. I think the way to use it, is to move a chunk of funds at once, following a local sale or something like that. You have R1m a year to play with before needing SARS approval.
It looks like their cost structure is almost identical to the STD Bank WebTrader account.
Ai.