Your different accounts on EasyEquities

✅ App ✅ Website ❎ Capitec Widget

You’ll notice that you’ve got a few different EasyEquities Accounts that you can use to invest with. And all of them are part of the no minimum amounts, no platform fees, fractional share investing club!

You would have activated the accounts of your choice when you first registered your account, but you can always edit these in the Account Activation setting in your profile.

Your ZAR Account is where you’ll invest in local shares and ETFs.

Your Tax Free Savings Account allows you to invest up to R36 000 a year tax free.

Your US Dollar Account gives you access to shares that are listed in America. Hello Apple, Amazon and Facebook!
Your AU Dollar Account gives you access to shares that are listed in Australia.
Your EasyProperties account allows you to invest in the property market, in the same way you in invest in shares on EasyEquities.
Your RA Account is where you can invest in managed retirement annuities.

Your ZAR and USD Demo accounts - these contain play-play money for you to practice with. Hopefully you've taken these for a spin already!

Here's a little more detail on each of them:

Your ZAR account

ZAR stands for South African Rands. This is the account where you’ll invest in local shares and ETFs. Read more about Exchange Traded Funds (ETFs) here.

Your TFSA account

TFSA stands for Tax Free Savings Account. A Tax Free Savings Account allows you to invest up to R500 000 without paying any tax on the profit you make on your investment, the dividends you receive, or the interest you might earn on cash.

There are a couple of restrictions though:

You can only invest up to R36 000 a year in this account.

You can only invest in Collective Investment Schemes (ETFs fall under this category btw) and not single shares.

If you exceed the annual (R36 000) and lifetime (R500 000) limits, SARS will klap you with penalties - 40% on the excess. Ouch.

Luckily EasyEquities will prevent you from over contributing in the TFSA you hold with us, however, we can’t monitor TFSA contributions you make elsewhere. Any amount that you withdraw from your account will count towards your annual and lifetime limit. If you have deposited R36 000 and withdraw R15 000 in the same year, you cannot deposit any more funds as you have already used your R36 000 deposit allocation.

Watch our video on TFSAs here.

Your USD account

USD stands for United States Dollar. Keen on becoming a Facebook shareholder? How about owning Amazon or Tesla shares? Now you can invest in American shares the same way you would local shares on our platform.

Here’s how that works:

You transfer funds from your ZAR account to your USD account.

This turns your Rands into Dollars.

Once your money has been converted, you can invest as you normally would. Read more about how that process works here.

Your AUD account

AUD stands for Australian Dollar. Keen on investing in shares listed on the Australian Securities Exchange (ASX)?

Here’s how that works:

You transfer funds from your ZAR account to your AUD account.

This turns your Rands into Australian Dollars.

Once your money has been converted, you can invest as you normally would.

Read more about how that process works here.

Your RA account

We’ve created retirement solutions that are #easy. Invest with whatever amount you've got into a retirement bundle. Your bundle creator will be buying or selling shares in your portfolio, and re-adjusting weightings to keep the risk vs reward balance in check.

COVID-19 information: SA Corona Virus