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Our stockbroking services

Owning and trading shares can be very exciting. It can, however, be daunting if you don’t know what you’re doing, especially during uncertain times. We therefore offer you options: you can either do your own trading, take advantage of our stockbroking services through our PSG Wealth securities team, or opt for a managed portfolio through a skilled wealth manager.

Ways to invest with us

You can use a direct equity stockbroking portfolio to invest in your own capacity. Meaning, you make the investment decisions, and we act on your instruction.

Alternatively, you can choose a managed equity stockbroking portfolio, which means that you give us the discretion to manage your investment on your behalf and work towards an agreed portfolio strategy.

Expert management

It is important to understand that there are risks when investing in the stock market and you should know your own risk tolerance. Speak to a skilled wealth manager to begin growing your wealth.

Our stockbroking platform

Getting started

Step 1.
Register for an online trading account

New client must also send us their FICA documents. We will open your online trading account within 72 hours of receiving these.

Step 2.
Log into our trading platform to view and administer your trading account.

Step 3.
Place an order on our trading platform.

Multi-market trading

Get access to shares in Johannesburg Stock Exchange (JSE) listed companies and more than 30 international exchanges. Our platform allows you to invest in local and international markets, choose from a wide range of investment instruments to suit your risk profile and goals, and consolidate these investments on one platform, with one login.

Competitive capabilities

Start building your share portfolio with a platform that:

  • Gives you direct market access and live prices for local instruments 
  • Allows you to set up several watchlists
  • Enables you to automatically execute on your parameters for buying and selling listed instruments
  • Alerts you to new opportunities that match your trading strategy
  • Enables you to manage risk by setting up 'price watch' and 'stop order' facilities

Do your homework

Markets are volatile and inexperienced share traders can lose money. Take the time to plan, prepare and educate yourself. Define your goals clearly and decide how much you are willing to invest (it’s not advisable to invest borrowed money). As our client, you have access to independently researched fundamental analysis reports on JSE-listed companies and regular material on fundamental research and technical charting.

A variety of stockbroking options to get you started

Local shares

Build your own portfolio of local shares in JSE-listed companies through our online platform. You’ll have access to a trader on our dealing desk at no additional charge. Read the Key Information Document.

Managed stockbroking portfolio

Our discretionary portfolio management service provides investors with a qualified and dedicated portfolio manager to construct and manage their individual share portfolios.

Please note that you can only invest in a managed share portfolio via select PSG Wealth advisers approved as portfolio managers.

If you do not have a financial adviser, get in touch with one of our financial advisers today.

Exclusive benefits:

Access to specialist investment expertise and research.

A suitably structured and diversified portfolio.

A tailored portfolio that complements your overall financial plan.

Your portfolio manager monitors the market to buy and sell shares as opportunities or threats arise.

Minimum investment in a Managed Share Portfolio:

R1m

Local shares

R2m

International shares

Please speak to your adviser as these minimum investment requirements may differ between PSG offices.

Direct stockbroking portfolio

Are you ready to manage your own securities portfolio? If you have the time and expertise to directly manage your own portfolio, you can do so via our online trading and investment platform. Choose from a wide range of investment instruments to suit your risk profile and investment needs.

Start trading in five simple steps

Step 1

Register for an online trading account

If you are a new client, send us your FICA documents and we will open your online trading account within 72 hours of receiving these.

How to invest

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.
We will open your online trading account within 72 hours of receiving these.

PSG forms

Step 3: Log in to your account, using your username and password.


Step 4: Choose your account and place an order.

 

What banking details do I use?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

Direct client fees
Monthly account administration fees (excl. VAT)

Trading account optionsDescriptionMonthly fees (excl. VAT)Please note
Online investorReceive a fully functional BDA (Broker Dealer Account) with access to 15-minute delayed JSE prices.R58.08The monthly admin fee is waived for each month during which you trade three or more times on your equity account
Live prices (optional)Access to live prices, which will enable you to view price movements as they happen. This is an ideal tool for day traders.R100.00 

Brokerage fees per trade:
Dealing charges are calculated using the following sliding scale (excl. VAT) based on the value of the trade

Value of tradeBrokerage fee

Minimum fee

0 – R17 522.23

R 157.70
R17 522.24 - R24 9990.90%
> R25 000 - R99 9990.85%
> R100 000 - R249 9990.75%
> R250 000 - R999 9990.50%
> R1 000 000Negotiable

Statutory Charges:

DescriptionCharge (excl. VAT)
STRATE settlement costsContract note amountCurrent fee
< R128 660.40R7.45
R128 660.40 – R1 694 211.750.005787% of contract note amount
> R1 694 211.75R98.04
Securities Transfer Tax (STT)0.25% on the value of share traded, but is levied only on share purchases
Dividend Withholding Tax (DWT)Dividend tax legislation requires that 20% of dividends payments are withheld by withholding agents who will then pay the tax to SARS. PSG Securities is an authorised agent

Notes to the fees:
• If you trade more than 12 times a month we invite you to contact our Dealing Desk to see whether you qualify for a lower brokerage rate. Call us on +27(11) 996 5200


• Please note that if an order takes more than one day to implement, clients will be charged brokerage for each day's trade. Therefore, if shares are sold on both Monday and Tuesday, there will be two brokerage amounts owing (as per the fee schedule above) even if the two trades are part of the same order. If both trades occur on the same day there will only be one brokerage amount for the deal.


• Interest on cash balances in the account will be paid at the JSE Trustees rate.

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.
We will open your online trading account within 72 hours of receiving these.

Step 3: Log in to your account, using your username and password.
To place a trade for IDX, please contact our dealing desk on +27 (11) 996 5200 or email dealingdesk@psg.co.za for assistance.


Step 4: Choose your account and place an order.

What banking details do I use?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

 

Direct client fees
Equity derivative contracts

DescriptionFee (excl. VAT)
Brokerage0.4%
Market makers fees0.1%
Booking fee (paid on the opening leg of the trade)R52.63
Interest on long positionsSAFEX +2% (usually equal to Prime -2%)
Margin requirementsInitial Margin is calculated by the JSE and PSG will require 1.5 times JSE initial margin

 

Please note:
• Interest on cash balances in the account will be paid at the JSE Trustees rate.

 

Index future contracts
• R21.93 (excl. VAT) per ALSI contract traded
• R4.39 (excl. VAT) per ALMI contract traded

 

Please note:
• The funding/earning interest rate applicable to this product is determined by the JSE central order book.
• Interest on cash balances in the account will be paid at the JSE Trustees rate.
• Initial Margin are calculated by the JSE and PSG will require 1.5 times JSE initial margin.

 

International Single Stock Futures (IDX)

DescriptionFee (excl. VAT)
Brokerage0.4%
Market makers fees0.2%
Booking fee (you pay only for the opening leg of all transactions, and only once per day per SSF)R52.63
Interest on long positionsInterest payable on the SSF cost value would be determined daily by the market maker in relation to the ruling SAFEX rates

All forms you may require please click here

Please note:
• Interest on cash balances in the account will be paid at the JSE Trustees rate.

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.
We will open your online trading account within 72 hours of receiving these.

PSG Forms

Step 3: Choose your account and place an order.

 

What banking details do I use?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

 

Direct client fees

DescriptionFee (excl. VAT)
Brokerage0.4%
Interest on open positionsSAFEX +2% (usually equal to Prime -2%)
Script lending fees for short positions1% per year, charged per day on which the position is open, with a minimum of R50 per position.
Margin requirementsEach new position opened needs to have a minimum cost value of R25 000 which requires the following margins:
• Top 40 stocks
• R3 750 (15%)
• Top 41 - 100 stocks
• R4 375 (17.5%)

 

Please note:
• Interest on cash balances in the account will be paid at the JSE Trustees rate.
• The margin required for opening a position is determined by PSG Wealth as a standard percentage of the value of the total position. Margin rates vary between 15% and 20%. The latest margin rates are available per share after you have logged in to our trading site.

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.
We will open your online trading account within 72 hours of receiving these.

PSG Forms

Step 3: Log in to your account, using your username and password.


Step 4: Choose your account and place an order.

 

What banking details do I use?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

 

Direct client fees

DescriptionFee (excl. VAT)
BrokerageR17.54
Margin requirementsInitial Margin is calculated by the JSE and PSG will require 2 times JSE initial margin

 

Please note:
• If the contract is opened and closed on the same day, only the opening leg is charged
• Interest on cash balances in the account will be paid at the JSE Trustees rate.
• The funding/earning interest rate applicable to this product is determined by the JSE central order book.

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.
We will open your online trading account within 72 hours of receiving these.

PSG Forms

Step 3: Log in to your account, using your username and password.

 

Step 4: Choose your account and place an order.

 

What banking details do I use?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

 

Direct client fees
Administration fees (excl. VAT)
• There is a 1% annual fee (excl. VAT) based on the total value of your portfolio. This is debited monthly to your account
• Debit order fees are charged at R3.50 on all debit order investments

 

Please Note:
Debit orders are subject to a minimum of R300 per fund per investment period. The minimum lump-sum investment is R1 000

 

Per trade fees:

DescriptionFee (excl. VAT)
Brokerage0.1%

 

Statutory Charges:

DescriptionFee (excl. VAT)
Investor Protection Levy0.0002%
Settlement fee*R10.92

*A settlement fee of R10.92 is charged on all trades per fund per day, however the fee is split between the pool of investors whom have submitted investment instructions for that fund for the day. If you are the only investor to submit an instruction in a fund for the day, you will be charged the full R10.92 settlement fee, alternatively you will be charged the proportional amount depending on the number of investors.

You can only invest in a Private Share Portfolio via a financial adviser, who will help you to find a portfolio manager. Please consult your adviser on record, or find an adviser here.

What banking details do I use?

Please contact our client services team for the bank account details relevant to this product. Note that our bank account details will only be provided after the verification of the policyholder is confirmed.

Forms
Your adviser will help you with your share transactions and will give you all the forms you need.

Step 1: Register online for a new trading account and PSG web profile.

PSG Register

Step 2: If you are a new client, send us your FICA documents.

  • Individual: If the account is to be opened in the name of an individual, complete the customer due diligence (CDD) form for individuals.
  • Company: If the account is to be opened in the name of a company, complete the customer due diligence (CDD) form for companies.
  • Trust: If the account is to be opened in the name of a trust, complete the customer due diligence (CDD) form for trusts.
  • Foreign Investment: If you are opening an offshore allowance account, please download and complete the Foreign Investment Mandate.
  • Institutional Investor Facility: If you are opening an institutional investor facility account, please download and complete the Institutional Investor Facility Mandate.

PSG Forms

Step 3: Contact the Offshore Department
+27 (11) 996 5200 or send an email to Offshore@psg.co.za and they will assist in opening your account with the relevant FATCA requirements.

Step 1: Log in to your account, using your username and password.


Step 2: Choose your account and place an order.

 

What banking details do I use for funds already offshore?
Login to access the banking details relevant to your account.
Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

 

Direct client fees

DescriptionFee
Brokerage fees per trade1.0% no minimum
Clearing and custody fee0.06% per annum
Stamp dutyUK and Far East0.5%
Ireland1%
PTM* levy£1 per trade (Only applicable on trades over £10 000 pounds)
Exchange conversion fee (excl. VAT)0.25% on value of transaction
Offshore Asset Swap feesAn annual asset swap administration fee of 1.25% (excl. VAT) will be levied monthly on the market value of your offshore investment portfolio.
Dematerialisation of certificates£20 per certificate
Transfer of shares (change of beneficial owner)£20 per transfer
Portfolio transfer of shares£20 per share
Internal transfer of shares£20 flat fee
Fund withdrawalsEquivalent to £20
Agent wire fees for repatriation of fundsAUD40.00
CAD40.00
CZK770.00
DKK210.00
EUR30.00
GBP20.00
HKD245.00
HUF8 800.00
JPY3 900.00
NOK250.00
NZD45.00
PLN120.00
SEK260.00
SGD45.00
USD30.00

*A charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of £10 000. The money raised goes to the Panel of Takeovers and Mergers. The Panel writes and enforces the rules by which takeovers of companies listed on the London Stock Exchange are conducted.

Where can I check my available loan amount?
You can view the level of credit available to you by logging in to your account, clicking the 'Portfolio' Tab and ticking the 'PSG Scriptfin Loan Facility' box.

Download the Scriptfin Loan Facility Key Information Document for more detail.

How do I apply for a Scriptfin loan facility?
You can apply for a loan by logging in to your account, clicking the 'Portfolio' Tab, ticking the 'PSG Scriptfin Loan Facility' box and clicking the 'Apply for a loan' link.

 

Once you have applied, you will have to accept the mandate that contains the product terms and conditions. Once approved, your account status will be changed to a loan account to give you access to the facility. This should take two days.

Please note:

  • There are not initial or setup fees.
  • Clients must have at least R100 000 invested in JSE Top 100 shares in their portfolio to be eligible for the facility.
  • Clients are subject to a credit evaluation.
  • A Loan to Value (LTV) amount is calculated by applying the following rules on the client's portfolio:
  • Client's LTV is capped at 30% of the value of shares which forms part of the FTSE / JSE Top 40 index at the time.
  • Client's LTV is capped at 25% of the value of shares on the remaining shares which forms part of the
  • Top 100 market cap but does not form part of FTSE / JSE Top 40 index at the time
  • If the client only has 1 share in his/her portfolio – The above LTV is reduced by 50% (LTV X 50%).
  • If the client only has 4 shares in his/her portfolio – The LTV is reduced by 25% (LTV X 75%)
  • If the value of 1 share in the client's portfolio is greater than 25% of the portfolio – The LTV is reduced further by 50% (LTV X 50%).
  • This final LTV will become the maximum loan available amount to the client for that point in time.