In our guide today, we will show you how Absa share trading account works in South Africa.
What is a share trading account? You may ask that.
We will show you what it is.
What Is A Share Trading Account
This account provides efficient order executing at very competitive trading and custodial fees.
It is a platform for investors who want to easily navigate the share trading journey.
The account caters to the needs of retail and high-net-worth clients, and the service is friendly and personalized.
Now that you understand what a share trading account is, we will show you exactly how it works in South Africa.
Absa Share Trading Account
The settlements are in-house and follow strong internal controls to ensure a secure custodial service.
The account ensures safe custody of your holdings and your un-invested cash,
You also get either printed or emailed statements monthly.
The account’s portal is developed to provide knowledge and advice on the world of investing and tips on how to improve your long-term investment goals for you to prosper.
You can view your portfolios online in a secure environment with up-to-date prices and research.
The account is shari’ah compliant.
The JSE Shariah-compliant shares carry all the information required to decide what to invest in.
You have access to portfolio investor management personnel to help you manage your investments when you open this account.
With this account, you can invest in all approved ETFs to get both local and offshore exposure.
The brokerage is set at 0.2% with no minimum and monthly service fees.
This is how the Absa share trading account works in South Africa.
Now that you know how the account works, we will show you to open an account.
How To Open An Account
To open this account, follow the procedure below.
- First, you should open a demo account for free, and you will get R100 000 in virtual currency to practice for 30 days.
- Next, open a real account when you are ready to trade.
- Select one of the account options you prefer
- Kindly, provide the additional details needed
- After that, you will receive a confirmation of a successfully created account.
Once you have activated your new share trading account, you can transfer funds to the account and start trading.
This is how you open an Absa share trading account in South Africa.