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TFIA trade costs

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New Contributor

Hi All

I have recently opened a TFIA to trade the TFIA Enabled Instruments.

 

The STRATE costs when entering a trade are projected at R10.71 across all volumes of transactions.

However the advertised cost (SBG Securities costs) for example for a R500 trade are R4.58 for the statutory fees which include SRATE?

 

Am I not understanding the costs or has some of the fee structures changed?

 

Thanks in advance

 

Ryan

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Valued Contributor

Strate is fixed below R175k trade size but is discounted in a tax-free account.

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New Contributor

TFIA account

I receive R312.75 div on FOREIGN DIV 1080 SYGMSCIUS

But then R132.88 was paid for ETF FEE 1080 SYGMSCIUS

Do you know why one must pay 42% ETF FEE 

 

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Valued Contributor

The ETF fee is for the whole ETF hence % only price of ETF not only on div.

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