{"id":308186,"date":"2019-04-01T10:18:39","date_gmt":"2019-04-01T08:18:39","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=308186"},"modified":"2019-04-01T10:18:39","modified_gmt":"2019-04-01T08:18:39","slug":"trade-on-over-120-global-markets-while-saving-on-fees-with-mexem","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/308186\/trade-on-over-120-global-markets-while-saving-on-fees-with-mexem\/","title":{"rendered":"Trade on over 120 global markets while saving on fees with Mexem"},"content":{"rendered":"

Investing is a complex endeavor, but it can offer big rewards if you know what you\u2019re doing. As an investor, your time should be spent analyzing the markets \u2013 not worrying about the investment process or costs.\u00a0 That\u2019s why you should choose the investment platform that is highly intuitive and offers fantastic rates: Mexem.<\/p>\n

Mexem in South Africa<\/h3>\n

Mexem acts as an \u2018introducing broker\u2019 in emerging markets for the largest trading platform in the US, Interactive Brokers (currently rated as the best online broker by Barron\u2019s). This means that Mexem adjusts the Interactive Brokers offering to each market, assisting clients with opening accounts, trading and understanding what options are best-suited to them. Impressively, Mexem doesn\u2019t charge their clients a cent beyond the fees charged by Interactive Brokers itself.<\/p>\n

Mexem and Interactive Brokers enable South African investors the opportunity to trade on over 120 markets worldwide, in 23 different currencies, all at very competitive prices.<\/p>\n

Save money on trading fees<\/h3>\n

As an investor, your primary goal is to make money. To do this, it is crucial that you use the platform that offers the best fee structure, thereby reducing your costs and maximizing your investment profits.<\/p>\n

Mexem offers South African investors extremely low fees. These low fees are hard to match for Mexem\u2019s South African competitors, who lack the scale of Mexem and Interactive Brokers.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Trading fees across various platforms for retail clients trading in the US market<\/strong><\/th>\n<\/tr>\n<\/thead>\n
Platform<\/strong><\/td>\nCommission per trade<\/strong><\/td>\nMinimum commission (USD)<\/strong><\/td>\n<\/tr>\n
FNB<\/td>\n0.35% of value<\/td>\n20<\/td>\n<\/tr>\n
Old Mutual<\/td>\n0.35% of value<\/td>\n20<\/td>\n<\/tr>\n
ABSA<\/td>\n0.25% of value<\/td>\n20<\/td>\n<\/tr>\n
Standard Bank<\/td>\n$6c per share<\/td>\n20<\/td>\n<\/tr>\n
Sanlam<\/td>\n$3c per share<\/td>\n20<\/td>\n<\/tr>\n
Saxo<\/td>\n$2c per share<\/td>\n15<\/td>\n<\/tr>\n
Mexem (clients with <USD 5000)<\/strong><\/td>\n$3c per share<\/strong><\/td>\n3.5<\/strong><\/td>\n<\/tr>\n
Mexem (clients with >USD 5000)<\/strong><\/td>\n$1c per share<\/strong><\/td>\n1<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

Mexem certainly looks like it beats the competition, but to illustrate just how remarkable Mexem\u2019s pricing is, we compared the trading fees for a purchase of 10 stocks of Amazon.com on each platform.<\/p>\n

Trading fees to purchase 10 shares of Amazon.com Inc (USD)*<\/h3>\n
\"Maxem<\/a>

*Based on a price per share of $1780.75<\/p><\/div>\n

As you can see, it is substantially cheaper to use Mexem\u2019s investment platform than any of the other current major players that we compared it to in South Africa. For institutional clients the difference between Mexem and its competitors can be even larger.<\/p>\n

Additionally, while most other players charge management fees, Mexem does not charge clients any fees above the trading costs. This means that if you don\u2019t trade you don\u2019t pay a cent\u00a0 \u00a0\u2013 there are no management or hidden fees.<\/p>\n

Between the incredibly low trading fees and the market-leading Interactive Brokers platform, there really is only one choice when it comes to choosing a trading platform.<\/p>\n

Sign up to Mexem\u2019s trading platform<\/strong><\/a> today and get investing!<\/p>\n","protected":false},"excerpt":{"rendered":"

Mexem is disrupting the South African investing industry by bringing one of the largest online trading platforms in the world \u2013 Interactive Brokers \u2013 to the South African market.<\/p>\n","protected":false},"author":57,"featured_media":308188,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[26,13878],"class_list":["post-308186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-headline","tag-mexem"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/308186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=308186"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/308186\/revisions"}],"predecessor-version":[{"id":308200,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/308186\/revisions\/308200"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/308188"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=308186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=308186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=308186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}