Summary

Recommended for long-term investors focusing on stocks and ETFs

EasyEquities is a South African stockbroker founded in 2014. EasyEquities is regulated by South Africa's Financial Sector Conduct Authority (FSCA) and the Australian Securities and Investments Commission (ASIC). EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.

EasyEquities is considered safe because it is regulated by the top-tier ASIC and its parent company is listed on an exchange.

Overall Rating
4.1
Fees
4.3
Account opening
3.8
Deposit and withdrawal
3.6
Trading platform
3.7
Markets and products
1.6
Research
1.3
Customer service
0.5
Education
5.0

EasyEquities pros and cons

EasyEquities has low stock and ETF fees and charges no inactivity or withdrawal fees. Educational materials are varied and of high quality. Opening an account is easy and the process is fully digital.

On the negative side, there is no live chat and the phone support is slow and not helpful. Research tools are limited only to stock analyses and very basic charting tools. Lastly, there are only a handful of asset classes available, such as stocks or ETFs.

Pros Cons
Low trading fees and non-trading fees Poor customer service
Excellent educational materials Basic research tools
Easy and fully digital account opening Limited product selection
EasyEquities main features and highlights
🗺️ Country of regulation South Africa, Australia
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account >3 days
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 3
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Bundles (pre-defined portfolios)

EasyEquities review
Fees

4.3
To find out more about its trading and non-trading fees, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities has low South African stock and ETF fees, and there's also no fee for inactivity or withdrawal. However, it charges a fee for credit/debit card deposit.
Pros Cons
Low trading fees Deposit fee for credit/debit cards
Low non-trading fees
Low stock and ETF fees
EasyEquities fees snapshot
Assets Fee level Fee terms
US stock Low 0.25% per transaction
EURUSD - Not available
Mutual fund - Not available
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked EasyEquities's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

In the sections below, you will find the most relevant fees of EasyEquities for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared EasyEquities's fees with those of two similar brokers we selected, Saxo Bank and Interactive Brokers. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of EasyEquities alternatives.

To have a clear overview of EasyEquities, let's start with the trading fees.

EasyEquities trading fees

EasyEquities trading fees are low. We also liked that the fee structure is transparent.

Stock fees and ETF fees

EasyEquities has low stock and ETF fees. South African stock fees are lower than what is charged by its competitors, but US stock fees are not the most competitive on the market.

EasyEquities stock and ETF commission on a $2,000 trade
  EasyEquities Saxo Bank Interactive Brokers
South African stock $5.0 $6.7 -
US stock $5.0 $10.0 $1.0
UK stock - $10.4 $7.8
German stock - $12.0 $4.8

In the table above, we calculated with the commissions only. However, there are administration fees and taxes that may be added on top of the commission you pay, so you should definitely consider these as well.

Commissions and administration fees depend on which market you trade on.

EasyEquities stock and ETF fees
South African market
Commission 0.25% of trade value
Securities Transfer Tax (STT) and Administration 0.25% of trade value
Settlement and Administration 0.075% of trade value
Investor Protection Levy (IPL) and Administration 0.0002% of trade value
US market
Commission 0.25% of trade value
Clearing Services & other administration charges 0.31% of trade value
Value-added Tax on Costs (VAT) 15% of trading costs
SEC / FINRA fees (only for sell transactions) 0.00218% / 0.0029% of trade value
Australian market
Commission 0.25% of trade value
Clearing Services & other administration charges 0.31% of trade value
Value-added Tax on Costs (VAT) 15% of trading costs

In addition to stocks and ETFs, you have the option to invest in pre-defined portfolios, called Bundles. Fees range between 0.5% and 1.5% of the trade value annually, depending on the type of bundle you invest in.

Non-trading fees

EasyEquities has low non-trading fees. There are no account, inactivity or withdrawal fees.

There is also no deposit fee if you use a bank transfer. However, credit card transfers cost ZAR 1.60 + 2.3% of the deposited value. The credit card option is available only for ZAR-denominated accounts.

EasyEquities non-trading fees
  EasyEquities Saxo Bank Interactive Brokers
Account fee No No No
Inactivity fee No Yes Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

Other non-trading fees charged by EasyEquities include currency conversion and account transfer fees:

  • Currency conversion fee ("EasyFX transfer fee"): charged when you convert your funds between ZAR/USD/AUD accounts. The cost is 2% above the mid-FX spot rate, which is considered quite high.
  • Fees for transferring your account to another broker: ZAR 150 for South African assets, $25 for US assets, and AUD 25 for Australian assets. These amounts are per asset - so for example if you hold Apple and Amazon shares in your account, you must pay 2 x $25 to transfer them out, regardless of how many shares you own of each.

EasyEquities review
Account opening

3.8
To experience the account opening process, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
Account opening at EasyEquities is fully digital and requires no minimum deposit. However, verifying the account took more than a week for us.
Pros Cons
Fully digital Slow account verification
No minimum deposit

Can you open an account?

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EasyEquities accepts customers from all around the world. One notable exception is the US.

What is the minimum deposit at EasyEquities?

The required EasyEquities minimum deposit is $0. This is great if you start investing with smaller amounts only.

Account types

EasyEquities offers three account types based on ownership:

  • Retail - owned by an individual
  • Kids - maintained on behalf of your children
  • Corporate - owned by a legal entity

If you are a South African resident, you can also open a tax-free savings account (TFSA).

How to open your account

Account opening at EasyEquities is easy and fully online. However, it took more than a week before our account was approved.

When you open an account with EasyEquities, you must follow these steps:

  1. Choose your country of citizenship and residence.
  2. Select the account type.
  3. Add some personal information (e.g. date of birth).
  4. Enter your residence address.
  5. Answer a few questions about your wealth and employment status.
  6. Verify your identity by uploading your passport, national ID or driver's license. You need to also provide proof of residency, such as a bank statement.

During the verification process, we encountered a few minor issues. For example, you can upload only PNG files but not PDFs. Also, any documents you upload must be in color; black and white copies are not accepted.

EasyEquities review - Account opening

EasyEquities review
Deposit and withdrawal

3.6
To find out more about the deposit and withdrawal process, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities offers free withdrawal, and ZAR account holders can use credit/debit cards for transactions. However, a fee is charged for depositing with a credit card.
Pros Cons
Free withdrawal Fee charged for credit/debit card deposit
Credit/debit cards accepted for ZAR accounts Electronic wallets not accepted

Account base currencies

At EasyEquities, you can choose from 3 base currencies: ZAR, USD and AUD. This selection lags behind that of the company's closest competitors.

Base currencies at EasyEquities vs similar brokers
  EasyEquities Saxo Bank Interactive Brokers
Number of base currencies 3 26 22

If you have a personal bank account in a currency other than USD, ZAR or AUD, you will be charged a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

EasyEquities bank transfer deposits are free of charge; this option is available for ZAR, USD and AUD accounts. You can also deposit by credit card if you have a ZAR-denominated account, but this costs ZAR 1.60 + 2.3% of the deposited value.

EasyEquities doesn't accept electronic wallets for depositing money.

EasyEquities deposit options
  EasyEquities Saxo Bank Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets No No No

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name.

EasyEquities review - Deposit and withdrawal - Deposit

EasyEquities withdrawal fees and options

EasyEquities charges no withdrawal fees. Similar to deposits, you can use bank transfer for all currencies, and credit/debit cards for ZAR accounts only. Electronic wallets are not accepted. Still, this selection of withdrawal options is at least as good as those offered by competing brokers.

EasyEquities withdrawal fees and options
  EasyEquities Saxo Bank Interactive Brokers
Bank transfer Yes Yes Yes
Credit/debit card Yes No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from EasyEquities? We tested bank transfer withdrawal and it took 2 business days.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from EasyEquities?

If you want to withdraw money, here’s how you should proceed:

  • Log in to your account
  • Click 'Menu' and select 'Withdrawal'
  • Enter the amount you wish to withdraw
  • Initiate withdrawal

Compare to other brokers

EasyEquities review
Web trading platform

3.2
To try the web trading platform yourself, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities has a user-friendly web trading platform with clear fee reports and excellent search functions. However, there is no two-step login and customizability is limited.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good search function Limited order types
EasyEquities platforms to choose from
Trading platform Score Available
Web 3.2 stars Yes
Mobile 4.0 stars Yes
Desktop - No

EasyEquities uses its own web trading platform rather than a third-party tool. The platform is available only in English.

Look and feel

The EasyEquities web trading platform is user-friendly; it is easy to find all features.

On the negative side, the platform is not customizable. The size and positions of the tabs cannot be changed.

EasyEquities review - Web trading platform

Login and security

EasyEquities provides only one-step login. Two-step authentication would be more secure.

Search functions

The web platform's search functions are good; you can easily find any asset you're looking for.

To make things easy, there is a filtering tool that allows you to narrow down your search by investment type and category tags:

  • 'Investment Type' covers asset classes such as equities or ETFs.
  • 'Category Tags' filter for industries in the case of stocks and for risk profile in the case of ETFs.
EasyEquities review - Web trading platform - Filtering tool

You can of course also search manually. Just start typing the name of the company or asset and see relevant results appear. You can sort results alphabetically, toggle between various views, and display as many as 48 results on a single page.

EasyEquities review - Web trading platform - Search

Placing orders

You can use only two order types:

  • Market
  • Limit

To get a better understanding of these terms, read our overview of order types.

There is also just one order time limit you can use: Good 'til canceled (GTC)

EasyEquities review - Web trading platform - Order panel

Alerts and notifications

You can't set price alerts or notifications on the web platform. You can do it only through the EasyEquities mobile app and only for South African and Australian markets.

Portfolio and fee reports

EasyEquities has clear portfolio and fee reports. You can access these reports by clicking 'Account overview'. You can easily check the value of your portfolio and the costs you paid.

Visit broker

EasyEquities review
Mobile trading platform

4.0
To try the mobile trading platform yourself, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
The EasyEquities mobile trading platform is user-friendly, has a good search function and offers price alerts. On the negative side, order types and login options are limited.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited order types
Price alerts No Touch/Face ID login

As is the case with the web trading platform, EasyEquities offers its own in-house developed mobile trading platform. The app is available only in English.

Look and feel

The EasyEquities mobile trading platform is user-friendly, making it easy to search and trade.

EasyEquities review - Mobile trading platform

Login and security

EasyEquities requires only one-step login for its mobile platform. Two-step authentication would provide an extra layer of security.

You also can't log in using biometric authentication. Providing this feature would make the process more convenient.

Search functions

The mobile app's search functions are good. They are the same as those on the web platform.

EasyEquities review - Mobile trading platform - Search

Placing orders

You can use the same order types as on the web trading platform.

EasyEquities review - Mobile trading platform - Order panel

Alerts and notifications

You can set alerts on the EasyEquities mobile platform. However, this feature is available only for South African and Australian assets.

You can set up price alerts by selecting the asset you would like to invest in and click the bell icon in the top right corner.

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EasyEquities review
Desktop trading platform

EasyEquities does not offer a desktop trading platform.

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EasyEquities review
Markets and products

1.6
To dig even deeper in markets and products, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
At EasyEquities, you can invest only in stocks, ETFs and some pre-defined portfolios. However, many other popular asset classes such as bonds or forex are missing.
EasyEquities asset classes
  EasyEquities Saxo Bank Interactive Brokers
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex No Yes Yes
Fund No Yes Yes
Bond No Yes Yes
Options No Yes Yes
Futures No Yes Yes
CFD No Yes Yes
Crypto No Yes Yes

The selection offered by EasyEquities lags behind competing brokers, both in terms of product types and the number of stock markets you can trade on.

Stocks and ETFs

EasyEquities' stock and ETF selections are limited. It gives access to South African, US and Australian markets, but actually only a few stocks are available from US markets.

EasyEquities stock and ETF selection
  EasyEquities Saxo Bank Interactive Brokers
Stock markets (#) 3 28 78
ETFs (#) 200 3,100 13,000

Fractional shares

EasyEquities offers the possibility to invest in a fraction of a share. For example, the price of a single Amazon stock is more than $3,000, which may be too high for many retail investors. Instead, here you can buy a fraction of an Amazon share, let's say for $100.

If you accumulate fractional share positions in a specific stock and their value adds up to make one share, then the whole actual stock will be credited to you.

EasyEquities provides fractional shares as CFDs (contract for difference), but without providing any leverage/margin. In this case, EasyEquities (or its parent company, to be more precise) acts as a principal and not the exchange where the stock is listed. As a result, there is also a counterparty risk when you hold fractional shares.

Bundles

EasyEquities allows you to invest in pre-defined portfolios called Bundles. These are portfolios that track a variety of assets, for example there may be a portfolio that tracks the top cryptocurrencies. When you invest in these portfolios, you have to pay a management fee.

EasyEquities review
Research

1.3
To check the available research tools and assets, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities has limited research tools. There are great analysis articles on its blog, but that's about it, as the platform offers no fundamental data, trading tools/ideas or a news feed.
Pros Cons
Great analysis Limited interactive charting
No/poor quality news flow

Trading ideas

EasyEquities doesn't provide trading ideas, such as analyst recommendations to buy, hold or sell a specific stock.

Still, you can read great stock analyses on the EasyEquities blog.

EasyEquities review - Research - Analyses

Fundamental data

EasyEquities doesn't provide fundamental data, such as annual reports.

Charting

EasyEquities has poor charting tools. There are no indicators or trendlines you can use. All you can do is choose from 5 different time frames on the chart:

  • 1 month
  • 3 months
  • 6 months
  • 1 year
  • MAX
EasyEquities review - Research - Charting

News feed

When you click on a stock, you will see a link to Yahoo! Finance, but there is no dedicated news flow section on the platform itself.

Compare research pros and cons

EasyEquities review
Customer service

0.5
To find customer service contact information details, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
Customer service at EasyEquities could be improved. There is no live chat and the phone support had poor quality. As a plus, the email support gave fast and relevant answers.
Pros Cons
Great email support No live chat
No 24/7 support
Low-quality phone support

You can contact EasyEquities via:

  • email
  • phone

The email support works well. We received fast and relevant answers.

EasyEquities phone support was slow and we received largely useless answers.

We missed live chat and 24/7 availability.

EasyEquities review - Customer Service

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EasyEquities review
Education

5.0
To check the available education material and assets, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities has great educational materials. You can use demo accounts, participate in webinars, watch educational videos and read quality texts.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Quality educational texts

At EasyEquities, you can learn in the following ways:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles
EasyEquities review - Education - Videos
EasyEquities review - Education - Academy

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EasyEquities review
Safety

To find out more about safety and regulation, visit EasyEquities

or
Compare to its best reviewed alternative: Saxo Bank
EasyEquities is regulated by the top-tier ASIC, and its parent company is listed on the Johannesburg Stock Exchange. Among negatives, it offers no investor protection.
Pros Cons
Parent company listed on JSE No investor protection
Regulated by the top-tier ASIC Does not hold a banking license

Is EasyEquities regulated?

Yes, EasyEquities is the brand of First World Trader (Pty) Ltd in South Africa, which is a Financial Services Provider (FSP) authorized by South Africa's Financial Sector Conduct Authority (FSCA).

In Australia, EasyEquities is a Corporate Authorised Representative (AR No. 1276104) of Sanlam Private Wealth Pty Ltd, which is regulated by the Australian Securities and Investments Commission (ASIC).

Is EasyEquities safe?

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

EasyEquities operates through two legal entities. Neither of them provides any investor protection.

EasyEquities investor protection
Country of clients Protection amount Regulator Legal entity
South Africa No protection Financial Sector Conduct Authority (FSCA) First World Trader (Pty) Ltd
Rest of the world No protection Australian Securities and Investments Commission (ASIC)* EasyEquities Pty Ltd

*More specifically, EasyEquities Pty Ltd is a Corporate Authorised Representative (AR No. 1276104) of Sanlam Private Wealth Pty Ltd and Sanlam Private Wealth Pty is regulated by the ASIC.

Background

EasyEquities was established in 2014. The longer the track record a broker has, the more proof we have that it has successfully survived previous financial crises.

EasyEquities is part of the Purple Group, which is listed on the Johannesburg Stock Exchange.

Find your safe broker

EasyEquities review
Bottom line

Visit EasyEquities if you are looking for further details and information

or
Compare to its best reviewed alternative: Saxo Bank

EasyEquities is a solid South African stockbroker.

As a plus, its stock and ETF fees are low. There is also no withdrawal or inactivity fee. The quality of educational materials and the account opening process is great.

On the negative side, customer service is not very responsive, especially as there is no live chat support. Research tools are rather basic, and the product selection is quite limited.

Feel free to try EasyEquities as there is no inactivity fee or minimum deposit for standard accounts.

Visit broker

EasyEquities review
FAQ

We recommend EasyEquities for long-term investors focusing on stocks and etfs.

Below you can find links to all aspects of EasyEquities in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our EasyEquities fees article.

What about the minimum deposit?

Our ultimate guide to the EasyEquities minimum deposit is updated regularly.

How to start your EasyEquities account?

Look no further than our evaluation of the EasyEquities account opening.

How's their trading app?

Here's our expert view after checking the EasyEquities trading app.

Is the quality of customer service satisfactory?

All you need to know about the EasyEquities customer service.

Legit or scam?

Is EasyEquities legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether EasyEquities is really free.

Is this broker good for beginners?

We checked it in Is EasyEquities good for beginners.

Should you buy your silver bullets on EasyEquities?

Research for silver bugs in the Silver buy on EasyEquities guide

I want to trade options, are they available at EasyEquities?

We explored the topic in Can you trade options on EasyEquities?

What is the minimum account balance at EasyEquities?

Check out the current account balance requirements at EasyEquities in our What is the minimum account balance at EasyEquities article.

Looking for commission and fees data for EasyEquities?

We collected them in EasyEquities commission and fees.

How do you withdraw money from EasyEquities?

We tested it and collected the options and costs in How to withdraw money on EasyEquities.

Author of this review

Krisztián Gátonyi

Author of this review

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 10+ years of experience in proprietary trading in the interbank currency market as a foreign exchange risk manager. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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