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22 January 2010
Standard Online Share Trading reducing fees
Standard Online Share Trading, one of the largest online brokers in South Africa, is reducing the minimum trading fee to R50. This is effective from 25 January 2010. The reduction makes Standard Online Share Trading the lowest minimum broker in the country.
Simon Brown, Head: Education and Media for Standard Online Share Trading, says: "The decrease in fees together with investor education forms part of Standard Online Share Trading's ongoing strategy to make the market more accessible to retail investors in South Africa.
"This reduction is the fourth in five years. We believe that anybody with an ambition to save or invest should have direct access to the markets. To cater for the growing demand from individuals for online share trading, we have recently introduced products that include single stock futures, currency futures, currency reference warrants, stock and index warrants, share instalments and exchange traded funds."
Standard Online Share Trading will continue to offer free courses on share trading to the general public. More than 20 000 people have attended these free courses, which are held country wide throughout the year.
Fee reductions across a number of other products offered by Standard Online Share Trading also take effect on 25 January. For more information visit www.securities.co.za or call 0860 121 161.
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