ABSA Stockbrokers Account Types

　　ABSA Stockbrokers offers various account types tailored to meet different investment needs. The primary account types include:

• Smart Account:
• Trade online in local shares, ETFs, and more.
• Monthly fee: R75.00.
• Brokerage: 0.4%.
• Tax-Free Savings Account (TFSA):
• Trade tax-free in select local exchange-traded funds (ETFs).
• Monthly fee: None.
• Brokerage: 0.2%.
• Exchange-Traded Fund (ETF) Only Account:
• Focused on investing in ETFs with low costs.
• Monthly fee: None.
• Brokerage: 0.2% (minimum of R60).
• World Trader Account:
• Allows trading in top global markets.
• Monthly fee: Refer to the offshore fee schedule.
• Brokerage: Refer to the offshore fee schedule.
• Managed Portfolio Account:
• For clients with over R250,000 to invest, offering professional management.
• Management fees vary based on the portfolio.

　　

ABSA Stockbrokers Broker Account Opening Process

　　Opening an account with ABSA Stockbrokers is a straightforward process that involves the following steps:

• Online Application:
• Visit the ABSA Stockbrokers website and select the account type you wish to open.
• Complete the online application form with personal details.
• Documentation:
• Provide necessary documents such as proof of residential address, certified copy of ID, proof of banking details, and proof of SARS (tax) number.
• Account Activation:
• Once your application is submitted, and documents are verified, your account will be activated.
• You can then transfer funds and start trading.
• Accessing Your Account:
• After activation, you will have secure online access to manage your investments, trade, and monitor your portfolio.
• Customer Support:
• If you have any questions or need assistance, ABSAs customer relationship team is available to support you during business hours.

　　For further details on fees and specific requirements, please refer to the ABSA Stockbrokers website.