Absa Group Account Types

Absa Group offers several types of trading accounts to cater to different investment needs:

• Smart Account
• Monthly Fee: R75.00
• Brokerage: 0.4% (minimum R120)
• Features: Trade local shares, ETFs, and more with access to live prices, interactive charts, and educational resources.
• Tax-Free Savings Account
• Monthly Fee: None
• Brokerage: 0.2%
• Features: Trade tax-free in select local ETFs, with no minimum fee and no capital gains tax on profits.
• Exchange-Traded Fund Account
• Monthly Fee: None
• Brokerage: 0.2% (minimum R60)
• Features: Specifically for trading local ETFs with low costs.
• World Trader Account
• Monthly Fee: None (with qualifying account)
• Brokerage: Depends on international market traded in
• Features: Trade in multiple currencies across over 25 global exchanges.

Absa Broker Account Opening Process

To open an Absa trading account, follow these steps:

• Choose Your Account Type: Decide which account suits your investment needs (e.g., Smart Account, Tax-Free Savings Account, etc.).

• Register Online:

• Visit the Absa website and select the desired trading account.
• Complete the online application form with your personal details.
• Provide Required Documents:
• Proof of residential address (e.g., utility bill).
• Certified copy of your ID document.
• Proof of banking details (e.g., bank statement).
• Proof of SARS tax number.
• Submit Your Application:
• Send the completed application along with the required documents to Absa for review.
• Account Activation:
• Once your application is approved, you will receive confirmation and can fund your account to start trading.
• Start Trading:
• After activation, you can transfer funds into your account and begin trading on the platform.

For more details, visit Absa Stockbrokers.