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Online Share Trading

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Nedbank CFD's - cheaper?

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trigger
Frequent Contributor
Is it cheaper than trading SSF's on standard bank platform? Anyone
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6 REPLIES 6
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comms are around .5% or ,75% so more expensive than OST, but they don't charge the R68 flat rate, so depends on the transaction size
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so anyone know of a a cheaper way to trade sa stocks?
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Electrox
Super Contributor
Ideal cfds has a R70 minimum charge.. and SSF MM ripps you slowly inbetween..
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IdealCFDS minimum is now R100. But comms are not the only costs guys - your slippage cost with CFD's is massive. For e.g. with an SSF, I can trade inbetween the spread, my bid is put on the open market. With a CFD I have to trade at the extremes of the spreads. Average spread on the JSE is about 2% of ATR, so that is a cost that you have to factor in
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