Online Share Trading

Monthly Account Maintenance Fee Excluding VAT Including VAT
Online1
  • The first calendar month is free
  • For three or more trades in a calendar month no account maintenance fee is payable
  • The monthly fee covers the cost of access to the site, limited live prices and safe custody fees for shares
  • For Private Bank clients with two or more trades in a calendar month no account maintenance fee is payable
R43.86 R50.00
Telephone R80.00 R91.20


 

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  1. Included in the monthly subscription is R10 worth of live stock depth or index quotes, portfolio updates and SMSs.
Brokerage Rate* Rate Minimum
Online - Share Account 0.5% R50.00
Online - Warrants Account 1 Flat Fee R50.00 (no STT charged)
Telephone Clients* 1% R135
Telephone Orders for Online Clients 2 0.5% R50.00 + R35.00 (excl. VAT)Phone Trade fee(Refer to table 3)
Standard Bank Private Banking Suite 0.4% R50.00
Once-off Sale R300 + 2% R300 + 2%
Single Stock Futures 3 0.4% Market Makers Commission R50.00 Plus Market Makers commission
Currency Futures R15 +vat per contract R50 +vat
Contracts for Difference (CFD's) 4 0.35% Market Makers Commission R50.00 +vat Plus Market Makers commission
ALSI futures R12.50 +vat per contract R12.50 +vat per contract

* excludes VAT & statutory taxes

  • Only warrants and share installments can be traded in the warrants account.
  • Refer to table 3 for more details.
  • The market maker's commission (Standard Bank) of 0.4% is based on the underlying traded value in the SSF Bid and Offer price. There are no additional fees for shorting a Single Stock Futures contract. No STT is payable for all Single Stock Futures Trades
  • The market maker's commission (Standard Bank) of 0.35% is based on the underlying traded value in the CFD Bid and Offer price. There are no additional fees for shorting a Contract for Difference. No STT is payable for all Contract for Difference trades

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    Statutory taxes Rate Minimum Maximum
    Securities Transfer Tax (STT) 1 0.25% N/A N/A
    STRATE 2 0.005459% R10.92 R54.59
    An investor protection levy (IPL). 0.0002% N/A N/A
    VAT on services fees 14% N/A N/A
    • STT is only payable on purchases
    • STRATE fee of 0.005459% based on the value of the share transaction with a minimum of R10.92 for trades with a value up to R200 000 and a maximum of R54.59 for trades with a value over R1 million.
    • Example 1
      Purchase   Rate Sale
      Projected costs of shares R   8,000.00   R   8,000.00
      STT @ 0.25% R    20.00 0.25% R    -
      STRATE Fees R    10.92 0.005459% R    10.92
      Investor Protection Levy R    0.02 0.0002% R    0.02
      Brokerage R    50.00 0.50% R    50.00
      VAT on Charges R    8.53 14% R    8.53
      Total Trading Costs R    89.47   R   69.47
      Costs as a %         1.12%           0.87%
      Example 2
      Purchase   Rate Sale
      Projected costs of shares R    10,000.00   R    10,000.00
      STT @ 0.25% R    25.00 0.25% R    -
      STRATE Fees R    10.92 0.005459% R    10.92
      Investor Protection Levy R    0.02 0.0002% R    0.02
      Brokerage R    50.00 0.50% R   50.00
      VAT on Charges R    8.53 17% R    8.53
      Total Trading Costs R    94.47   R    69.47
      Costs as a %         0.95%           0.70%
      Example 3
      Purchase   Rate Sale
      Projected costs of shares R    50,000.00   R    50,000.00
      STT @ 0.25% R    125.00 0.25% R    -
      STRATE Fees R    10.92 0.005459% R    10.92
      Investor Protection Levy R    0.10 0.0002% R    0.10
      Brokerage R    250.00 0.50% R    250.00
      VAT on Charges R    36.53 14% R    36.53
      Total Trading Costs R    422.55   R    297.55
      Costs as a %         0.85%           0.60%

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      Order Type Doesn't match Matches Partial match and expires Partial match across multiple days Partial match on one day
      Placed via Internet No phone fee No phone fee No phone fee No phone fee No phone fee
      Placed Telephonically No phone fee R35 R35 R35 on first day R35
      Edited Telephonic Trade via Telephone No phone fee R35 R35 R35 on first day R35
      Edited Internet Trade via Telephone No phone fee R35 R35 R35 on first day R35
      Cancel Internet Trade via Internet No phone fee No phone fee No phone fee No phone fee No phone fee
      Cancel Internet Trade Telephonically No phone fee No phone fee No phone fee No phone fee No phone fee
      Cancel Telephonic Trade Telephonically No phone fee No phone fee No phone fee No phone fee No phone fee

       

      Other fees Excluding VAT Including VAT
      Withdrawals made from either a Money Account or a share trading account to your bank account. R4 R4.56
      Transfer of portfolios to other brokers per share R53 R60.42
      SMS 1 0.22c 0.25c
      Live Share Prices - indices 1 0.0525c (Maximum of R15.00) 0.06c (Maximum of R17.10)
      Live share prices where market depth (5 best bids and offers on the Trade and Quote pages)1 0.1228c (Maximum of R65.00) 0.14c (Maximum of R74.10)
      Live share prices without market depth1 0.07c(Maximum of R65.00) 0.08c(Maximum of R74.10)
      Urgent dematerialisation R276.32 R315
      Rematerialisation R300 R342
      Early Settlement 0.25% with minimum of R35 0.25% with minimum of R39
      Easy Trader R86.84 R99
      • Refer to the section Quotes Bank section under Front Office for details.
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