Some might think that brokerage is important - and it is if you are cycling in and out of stocks on a weekly basis - but overnight holdings are the real item to watch out for. If you build up R1m in exposure on OST's platform, that equates to close to R90k in interest (compounded daily). you would have to move in and out of your positions 10 times to incur the same amount of brokerage charges. Food for thought!
some platforms (I am not sure if OST does it) charge an overnight holding fee for futures contracts, just as if it was a CFD. Check out the worst of the worst - IG Markets - they will charge you SAFEY +5% for holding overnight
By my calculations, one can "borrow" at effectively about 12%(geared portion) if one puts down 50% ie. say R50000 equity and R50000 gearing = R100 000 total exposure.So any performance above 12% from the geared R50000 can effectively be added to the R50000 equity portion. An 18% return on the total exposure will effectively be a 24% (18%+18%-12%) return on equity. A healthy dose of risk management will be paramount as this is a DOUBLE edged sword. NB: NOT FOR BEGINNERS!!!