SatrixNOW is a new online ETF investment platform from Satrix and EasyEquities.
Satrix and EasyEquities have launched a new platform which aims to make investing in Exchange Traded Funds (ETFs) easier, called SatrixNOW.
ETFs are listed securities which are traded on the Johannesburg Stock Exchange (JSE). In the past if you wanted to invest in an ETF, you often needed a large amount of money and a stock broking account. In 2006, Satrix Investment Plan was launched which allowed people who may not qualify for a stoke broking account to still access ETFs for as little as R300 per month.
SatrixNOW offers the Satrix ETF range to the public in a way that is easy to use and cost effective, while allowing them to control their money.
Helena Conradie, CEO of Satrix said: “Everyone knows they should be saving. It’s one of those things that stays on the ‘to do’ list year after year and seldom receives attention. SatrixNOW means there are no more excuses! We believe in partnering with the people who have the same ethos about investing that we do. Satrix has always been about democratising investing - about making it less intimidating and more accessible - this is why we chose EasyEquities as our platform partner in launching SatrixNOW.”
Charles Savage, CEO of EasyEquities, noted: “EasyEquities is proud to partner with Satrix – the leaders in making investing more accessible for all, no matter their economic or investing background. Using our bespoke technology, passionate team and service ethic which saw us winning SA’s Top Stockbroker award as well as being named Top Tax Free Savings Account by Investor’s Monthly, we are excited to partner with Satrix in empowering more South Africans.”
Using SatrixNOW
Jenny Albrecht, portfolio manager at Satrix, explained that it is simple and easy to use the new SatrixNOW platform. You simply have to log on to the
SatrixNOW website, register an account, transfer funds and invest.
“You will be able to upload your FICA documents and digitally sign your application form. If you have any questions you can view the informational video or visit the FAQs,” added Albrecht.
The focus of SatrixNOW is on a seamless online experience that is offered to people at a low cost. In addition, the site also features several unique offerings.
“There is no platform administration fee and no minimum brokerage payable on trades. The standard brokerage rate is 0.25%. This platform also has the unique feature of fractional investing, which means you never have to accumulate cash, you can invest without needing to buy a whole security (see website for more). Another unique feature is the voucher capability,” said Albrecht.
In order to qualify to invest on the SatrixNOW platform, you simply have to be a South African citizen and 18 years or older. Once logged on, the system will prompt you to invest an amount of R250, R500 or R1 000, you also have the option to select your own, custom investment amount. In addition, it is also possible to make investments on behalf of minors.
