PSG Wealth Online Share Trading review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
PSG Wealth Online Share Trading is a South African broker for local share dealing, and the costs set it apart. The account fee of ZAR 480 and a stock trade fee of ZAR 98 make it expensive next to brands that charge $0 on shares.
Key facts
- Best for
- South African investors who want a regulated local share dealing account and do not mind paying per trade.
- Minimum deposit
- ZAR 0 (Source, checked September 26, 2026)
- Stock trade fee
- ZAR 98 (Source, checked September 26, 2026)
- Account fee
- ZAR 480 (Source, checked September 26, 2026)
- Markets
- Stocks (Source, checked September 26, 2026)
- Regulators
- FSCA (South Africa) (Source, checked September 26, 2026)
- Platforms
- PSG Online (Source, checked September 26, 2026)
- Legal entity
- PSG Securities (Source, checked September 26, 2026)
- Headquarters
- South Africa (Source, checked September 26, 2026)
- Official website
- psg.co.za
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- Regulated in South Africa by FSCA (South Africa)
- No minimum deposit on the account, so opening one costs nothing
- Deals directly in stocks on its own PSG Online platform
- Fixed stock trade fee of ZAR 98 makes dealing costs easy to plan
Cons
- Account fee of ZAR 480 is high against a €0 median across the site
- Stock trade fee of ZAR 98 ranks near the back on 161 compared brands
- Markets are limited to stocks
Who it suits
- Investors based in South Africa who want a local regulated broker
- Buy and hold investors who trade shares a few times rather than often
Who should look elsewhere
- Anyone who trades shares often and wants a low dealing fee, since $0 on shares is lower
- Traders who need markets beyond stocks
- Investors who want to pay nothing to hold an account, against an account fee of ZAR 480
Fees and costs
The minimum deposit is ZAR 0, so there is no floor on the first payment into the account. A stock trade fee of ZAR 98 applies to each dealing, and the account fee is ZAR 480. For context, the median stock trade fee across the site is €0 and the median account fee is €0, which is where ZAR 480 leaves this account. Costs therefore sit above the typical level for share dealing.
How your money is protected
The account is regulated by FSCA (South Africa), which sets the conduct rules the firm must follow in South Africa. Trading runs on PSG Online, the platform named for the account, and the dealing is limited to stocks. Retail investors should weigh that a share trade can lose value in full, and the retail accounts that lose money sit around 70.15%.
How PSG Wealth Online Share Trading compares
8.6 vs 9.0
8.6 vs 9.4
8.6 vs 8.7
MarketScreener
8.6 vs 9.4
8.6 vs 8.7
8.6 vs 9.0
8.6 vs 9.3
8.6 vs 8.7
8.6 vs 8.6
8.6 vs 9.2Charges a stock trade fee of $0, far below the ZAR 98 here.
8.6 vs 8.7
Kitco
8.6 vs 9.1
8.6 vs 9.0
8.6 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where PSG Wealth Online Share Trading is available
- Available
- South Africa
- Licence in South Africa
- FSCA (South Africa), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does it cost to open an account?+
There is no minimum deposit, listed as ZAR 0, so the account can be opened without a payment. The running cost is the account fee of ZAR 480, which sits well above the €0 median across the site.
What does a share deal cost?+
A stock trade fee of ZAR 98 applies to each dealing on the account. That is above the €0 median for the same measure on the site, so the cost matters most for anyone trading often.
Who regulates this broker?+
The firm is regulated by FSCA (South Africa), the South African regulator named for the account. That regulator sets the conduct and disclosure rules the broker has to follow for local share dealing.
Which markets can I trade?+
The account covers stocks, so it is a share dealing account rather than a multi asset one. Anything outside shares, such as currency or metals, is not part of what the account offers.
What platform do I use?+
Dealing runs on PSG Online, the platform named for the account. The account is therefore tied to a single platform, which suits investors who are happy to work in one place for share dealing.
Who is this account for?+
It suits investors based in South Africa who want a locally regulated share dealing account and can live with the account fee of ZAR 480. Buyers and holders who deal occasionally will feel the cost more lightly than active traders.
Is a deposit needed to start?+
The stated minimum deposit is ZAR 0, so there is no floor on the first payment. Funding still depends on the payment routes offered for the account, and the account fee of ZAR 480 applies regardless.
Sources
- download.psg.co.za/files/wealth/forms/KID-Local-Share-Tra... checked September 26, 2026
Backs: Legal entity, Minimum deposit
“PSG Securities forms part of PSG Wealth, the brand under which this account is marketed”
- stockbrokerreview.com checked September 26, 2026
Backs: Regulators, Licences
- moneyweb.co.za/in-depth/moneyweb-investor/online-stockbro... checked September 26, 2026
Backs: Account fee, Stock trade fee
“Admin Fees: PSG ... R40 per month - annualised R480”
- psg.co.za checked September 26, 2026
Backs: Headquarters, Markets, Platforms
“PSG Financial Services group - South African adviser network”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Inactivity fee, Investor protection, Retail accounts that lose money.
PSG Wealth Online Share Trading
South African investors who want a regulated local share dealing account and do not mind paying per trade.