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Trading fees question

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Sfiso_1
Occasional Contributor
Example: If i buy SOL at 5 different times in 1 day (small trades of R3000), will i get charged the minumum of R70 five times? or will all the costs be added up and charged once at about R70.
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3 REPLIES 3
sasa
Regular Contributor
If it is entered as 1 trade, ie R15000, but gets transacted as five individual trades on the same day, then only 1 brokerage fee. If you enter it as 5 trades ie 5 x R3000, then brokerage applicable on each trade. It is rarely worthwhile trading less than r10 000 / trade as your sell / buy brokerage comes to approx R220 min and this is 2% on a R10 000 - on a r3000 trade it is 6.7%, BEFORE you even start to profit.
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SimonPB
Valued Contributor
multiple trades on the same share, same day, same account and buys (or sells) are bulked up and charged as one fee .. so if you do 5 seperate buys on SOL at R3k each during the day, we will charge you as if for one R15k SOL trade .. during the day the system will reflect them seperately and charge seperately .. but it corrects when we update at around 7pm ..
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CHATTYCHAT
Super Contributor
so, SimonPB's answer overrides sasa; Sfisa and sasa - go to Help and education/Introduction to website/Our fees :-)
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