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Anglorand Securities Cost Structure

Only clients who subscribe for live pricing will be able to trade online using the anglorand.co.za web-site. Clients who do not subscribe for live pricing will be able to view their portfolios and will have access to delayed pricing.

Live pricing subscription fees

Non-professional users R65.00 (excl VAT) / R74.10 (incl VAT) per month, if the brokerage generated on the account exceeds R500-00 then live pricing for that month will be free.

Professional users R235.00 (excl VAT) / R267.90 (incl VAT) per month, if the brokerage generated on the account exceeds R500-00 then live pricing for that month will be free.

Dealing costs:

Purchases: 0.25% Securities Tax (UST) on purchase value of shares, broking fee, STRATE fee and VAT.
Sales: Broking fee, STRATE and VAT only

Minimum deposit R20,000.00.

If you do not deposit funds within the first month, a R100 account opening fee will be charged to cover administration expenses.

Standard Brokerage Fees

TRANSACTION VALUE BROKING FEE
R 0.01 R 25,000.00 R 210
R 25,000.01 + FLAT 0.75%
ANNUAL ADMINISTRATION FEES R616.00 (excl VAT) / R702.24 (incl VAT)

THE BROKING FEE IS CALCULATED PER SHARE TRADED PER DAY. IF MORE THAN ONE ORDER TO BUY THE SAME SHARE IS EXECUTED ON THE SAME DAY, THE BROKING FEE WILL BE CALCULATED ON THE TOTAL VALUE FOR THE DAY AS ONE TRADE ONLY AND ADJUSTED OVERNIGHT. IF ONE ORDER TO BUY OR SELL SHARES IS EXECUTED OVER TWO DAYS, YOU WILL BE CHARGED A BROKING FEE FOR THE VALUE TRADED ON EACH DAY AS TWO SEPARATE TRADES. ONE ORDER TO BUY A SHARE AND ONE ORDER TO SELL THE SAME SHARE ON THE SAME DAY WILL CONSTITUTE TWO TRADES AND WILL ATTRACT TWO SEPARATE BROKING FEES.

STRATE Settlement Costs:

VALUE RANGE FEE
Less than R 200 000.00 z R 12.45 (R 10.92 Excl. VAT) per contract note.
Greater than R 200 000.00 but less than R 1.0 million 0.006223% (0.005459% Excl. VAT) of the contract note value
Greater than R 1.0 million R 62.23 (R 54.59 Excl. VAT) per contract note.

Insurance Cost
  • Investor Protection Levy at 0.0002%

OTHER COSTS:

Payment fees :
  • R13.16 (excl VAT) / R15 (incl VAT) for each electronic transfer paid to the client.
  • R30.70 (excl VAT) / R35 (incl VAT) for each cheque payment to the client.
  • All registration and dematerialization fees charged by our outsourcers, CSDP and the company registrars will be debited to the account of the client.
Clients who transfer cash amounts into our bank account will be debited with the cash deposit fee levied by the bank. Cash amounts in excess of R5000-00 should not be paid into our bank account as this is a breach of JSE rules, we urge clients to rather effect electronic transfers.


Account closure fees :

  • Portfolio transfer fee R114.00 (incl. VAT) per counter; and
  • Account closure administration fee R570.00 (incl. VAT)
 
 

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Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics.
The calculation/derivation may include underlying JSE data.
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