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janvdwest

Trading International Securities

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Posted (edited)

Any advice on the best trading platform to trade internationally?

 

Could anybody please explain Standard Bank Webtrader's administration fee:

 

An annual administration Fee ("Administration Fee") of 20 (twenty) basis points will be charged in respect of each and every trading account held with The Standard Bank of South Africa Limited under the Terms of Business ("Terms"). The administration Fee is calculated as follows:

The daily closing value of the Client's open share positions [calculated as per close of the New York Stock Exchange] x 20bps x1/365. The Administration Fee is calculated daily and billed monthly in arrears.

 

Edited by janvdwest

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Well, 100 basis points = 1%, therefore 20 basis points is 0.2%

 

Make of that what you will.

 

 

There is also ABSA's platform https://www.absastockbrokers.co.za/ but if I wasn't after a powerful platform and looking for long term investing Easy Equities' USD account works well enough.

 

 

 

 

 


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