EasyEquities
Pros
- No minimum deposit required
- No inactivity fee
- Thrive platform fee (R25/month) is waived for active users and exempt groups
- 0.25% trading commission is low relative to traditional SA brokers
- Fractional Share Rights allow investing with small amounts
- Demo account provided automatically (R100,000 ZAR and $10,000 USD)
- Multi-currency accounts (ZAR, USD, AUD, GBP, EUR)
- Tax-Free Savings Account (TFSA) and retirement annuity options
Cons
- R25/month Thrive platform fee applies to users below Thrive Level 3
- Currency conversion fee applies when moving funds between currency accounts
- Per-asset fee when transferring account to another broker
- Research and charting tools are basic compared to specialist platforms
- Customer support does not offer live chat; response times reported as slow
- Fractional shares are held as Fractional Share Rights, not direct share ownership
- Limited advanced order types for active traders
- Primarily suited to South African investors; international account options are more limited