Just got a demo account to check it our before their start up in February. Gee the costs seem high and also their 1% commissions on forex conversions..Webtrader is clearl a welcolm new development, but I would like to know if anyone out there has or knows of a cheaper platform for investing and trading international shares.
Consider and compare the costs of maybe having an overseas account to trade from ie. ETRADE, Td Ameritrade etc.(many to choose from) It is not difficult to set up an account at all and you may then move fair amounts of money to them.. and trading usually $10(max) or less for any trade. SARS clearance etc. not difficult.
1% currency conversion and 0.2% AUM fee for what? SBK are not providing any additional value; research, trade ideas. I'm with TDAmeritrade, that would be my recommendation. Though SBK locally remains my choice for SA equities! SARS clearance etc. with most offshore platforms is much of a muchness.
Rams...I want to invest into off shore shares and not trade them...I like you, trade the ALSI...and do that with IG. My SA investment stock and meduim term stuff is with SBK and I like the service they give on OST. I do not like hearing that costs for international share investing with Webmaster are higher than what you can get elsewhere. And I do not buy into Preston's comment with regard to SBK having invested lots of bucks into the project so they now need payback. Maybe SBK have missed the mark here and not paid much attention to what other competition can provide, with their Webtrader project. I will let you guys know more when I start using the demo account.