Absa Stockbrokers Account Types

　　Absa Stockbrokers offers a variety of trading accounts to cater to different investment needs:

• Smart Account
• Monthly Fee: R75.00
• Brokerage: 0.4% per trade (minimum R120)
• Features: Trade local shares, ETFs, and access to interactive charts and live prices.
• Tax-Free Savings Account
• Monthly Fee: None
• Brokerage: 0.2%
• Features: Trade tax-free in select local ETFs, with no capital gains tax or dividend withholding tax.
• Exchange-Traded Fund Account
• Monthly Fee: None
• Brokerage: 0.2% (minimum R60)
• Features: Invest exclusively in local ETFs.
• World Trader Account
• Monthly Fee: None (with qualifying account)
• Brokerage: Depends on the international market traded.
• Features: Trade in multiple currencies and access over 25 global exchanges.

　　

Absa Stockbroker Account Opening Process

　　To open an account with Absa Stockbrokers, follow these steps:

• Register Online
• Visit the Absa Stockbrokers website and fill out the online application form.
• Provide Required Documents
• Submit the necessary personal details and documentation, including:
• Proof of residential address (not older than three months)
• Certified copy of ID document
• Proof of banking details
• Proof of SARS tax number
• Transfer Funds
• Once your account is activated, transfer funds into your trading account or set up debit orders.
• Start Trading
• Begin trading by selecting the account type that best suits your investment strategy.

　　For more information, visit Absa Stockbrokers.