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Online Share Trading

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Is it possible to have 2 trading accounts

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_Marco_
Frequent Contributor
Hi There I was wondering if it's possible to have 2 seperate standard bank trading accounts for the same fee. I'd like to use 1 for trading and the other for my longer term investments. I'd like to keep the 2 seperate. Has anyone done this and if so how do i go about it Regards
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8 REPLIES 8
SimonPB
Valued Contributor
yes .. contact the call center, it'll set up over night .. one log in, one monthly fee and myltiple accounts ..
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_Marco_
Frequent Contributor
awesome thanks simon, will give them a call
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sasa
Regular Contributor
OST very efficient with this - works a dream.
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Mr_Money
Regular Contributor
Yeah it is . I have two. One for long term the other for short term trading
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stores
Super Contributor
This is great, but how does SARS treat it. (i.e. Will they accept that I pay capital gains on the investment account (ensuring that the 3 year period is met) and then full tax on profits from only the trading account or do I have to go the cc route to become more tax efficient.
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sasa
Regular Contributor
My last return I included amounts under both CGT and Revenue (code 3707). Was accepted by SARS, but I presume still subject to audit.
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Not applicable
Is it possible to move shares owned between the 2 accounts?
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sasa
Regular Contributor
Yes - but OST does it overnight only
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