Investing with EasyEquities- Is It a Legit

EasyEquities is a South African stockbroker, approved by the Financial Sector Conduct Authority (FSCA). It has low stock and ETF fees and does not charge any inactivity or withdrawal fees. Various and high-quality educational materials. The opening of an account is easy and the process is completely digital. This is a good choice for apprentice investors. Keep reading to learn more about this platform.

A Detailed Table on EasyEquities 

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Founded Year2014
ServicesOnline Investing Platform
RegulationRegulated by relevant financial authorities
FeesVaried fee structure, check latest details
Account TypesIndividual, Joint, Tax-Free Savings Account
Mobile AppYes

Regulation and Security of EasyEquities

EasyEquities is regulated by the Financial Sector Conduct Authority (FSCA), ensuring compliance with the country’s financial regulations. This regulatory oversight provides investors with a level of confidence in the platform’s adherence to industry standards and legal requirements.

In terms of security, it employs robust measures to safeguard user data and financial transactions. The platform utilizes SSL encryption to protect sensitive information, and clients can implement Two-Factor Authentication (2FA) for an additional layer of account security. These security protocols are integral to maintaining the confidentiality and integrity of user accounts.

Trading Platforms Offered by EasyEquities

This trading platform is designed to make online stock trading simple and affordable for beginners. With EasyEquities, you can invest in over 2,500 US stocks listed on the NYSE and NASDAQ, as well as ETFs.

This platform offers an intuitive web-based trading platform and mobile apps for iOS and Android that provide an easy way to buy, sell, and monitor your investments on the go. The platform features real-time data, charts, alerts, and watchlists to help you stay on top of the market.

For just $5 per trade, it gives casual investors an inexpensive way to build wealth over time through stock ownership. With no account minimums or inactivity fees, you’re free to invest at your own pace.

Commissions and Fees 

When it comes to fees, EasyEquities keeps it simple. They charge a flat rate of 0.25% on buy and sell orders. That means whether you invest R100 or R100,000, you’ll pay the same 0.25% fee.

Compared to traditional brokers that charge around 1% per trade, EasyEquities can save you some serious cash, especially if you make frequent or large trades. They don’t charge any monthly platform fees, inactivity fees, or minimum balance fees either.

The only other fee to be aware of is an R50 charge if you request a physical statement to be mailed to you. But why would you when their platform is 100% digital?

Deposits and Withdrawals 

Funding your EasyEquities account is very easy. You can deposit money through bank transfers, credit/debit cards, or electronic wallets.

To deposit money into your EasyEquities account, you must do the EasyEquities registration. Go to the EasyEquities login process and then enter the ‘Deposit Funds’ page. Select your preferred payment method, and enter the amount you want to deposit and your payment details. Transfers from South African banks typically take 1 to 2 business days to reflect in your EasyEquities account.

Withdrawing money from your EasyEquities account is just as easy. Go to the ‘Withdraw Funds’ page, choose either ‘withdraw to bank’ or ‘withdraw to card’, select the amount you want to withdraw, and enter the necessary details. Withdrawals are usually processed within 2 to 3 business days.

Does EasyEquities Have an App?

EasyEquities offers a free mobile trading app for both iOS and Android devices. The app provides an easy way for you to manage your ETF and share portfolios on the go. With the app, you can:

  • Buy and sell shares and ETFs. Place market, limit, and stop orders directly through the app. View your portfolio performance. See how your investments are doing and check on the latest pricing and news.
  • Deposit funds. Easily transfer money into your EasyEquities account using the app.
  • Stay up to date with the markets. Follow major indices, and world markets and stay on top of market news.
  • Set price alerts. Get notifications when shares or ETFs you’re interested in hit a target price.
  • View all the charts. Analyze the price performance of your shares and ETFs over multiple timeframes.

The EasyEquities app provides a simple but powerful way to manage your investments whenever and wherever you want. Download the free app for your iOS or Android device to get started.

How to Create an Account on EastEquities

To create an account on EastEquities, follow these simple steps:

  • Visit the official EastEquities website.
  • Click on the “Sign Up” or “Create Account” button.
  • Fill in your details, including your full name, email address, and password.
  • Verify your email by clicking on the confirmation link sent to your inbox.
  • Complete your profile by providing additional information such as your contact details and financial information.
  • Agree to the terms and conditions of EastEquities.
  • Choose your account preferences, including notification settings.
  • Submit any required identification documents for account verification.
  • Once verified, log in to your EastEquities account using your credentials.
  • Explore the platform and start investing or trading in a diverse range of financial instruments.

What is the Best Alternatives of EasyEquities

When it comes to investing options, EasyEquities isn’t the only option you have. There are some other options available for you. One of the best platforms is AvaTrade.

AvaTrade is an established forex and CFD broker that’s been around since 2006. They offer access to over 250 financial instruments, including stocks, commodities, cryptocurrencies, bonds, and ETFs. Check out the comparison between these two platforms:

Platform TypeOnline investment platformOnline trading platform
FeesLow brokerage feesVariable spreads, overnight fees, etc.
Research ToolsBasic research tools and analysisComprehensive research and analysis
Demo AccountYesYes
SecuritySSL encryption, Two-Factor AuthenticationSSL encryption, regulatory compliance

If you like to know more about this platform, then you can read this AvaTrade review from our experts. It will help you to get enough ideas on this platform.

Is EasyEquities Legit or Scam

Yes, it is a legitimate investment platform for South Africans. Many investors have used their services since inception in 2014 without issues. However, as with any brokerage, there are a few things to keep in mind.

It is regulated by the Johannesburg Stock Exchange (JSE) and the Financial Sector Conduct Authority (FSCA) so you can trade with confidence knowing your funds and data are secure. They utilize advanced encryption and firewalls to protect your information. As long as you go in with realistic expectations, understand the risks, and do your research, 

If you have lost money to companies like WeltradeAximTrade, or FundedNext, please report it today by the below form.

Final Thought

EasyEquities offers competitive commissions, a wide range of account types for different investing needs, and deposit/withdrawal methods to suit anyone. It seems to be a solid, reputable broker for new investors in South Africa looking to build wealth over time through the stock market. Now you have all the info you need to decide if EasyEquities is right for you or not. Thank you all for reading this article.

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