Capitec has added the EasyEquities investing platform to its new banking app, allowing clients to invest in shares on stock markets in South Africa and the USA.<\/p>\n
The bank said clients will get a 20% discount on brokerage fees when using the new widget and pay zero data costs when accessing the widget, as Capitec\u2019s app is zero-rated for data.<\/p>\n
Customers are able to access EasyEquities from the latest version of their banking app by clicking the ‘explore’ tab and then navigating to ‘widgets’.<\/p>\n
The partnership brings greater accessibility to a variety of investment options, in an affordable and simplified way, said Francois Viviers, executive of Marketing and Communications at Capitec.<\/p>\n
“We currently have over 4 million app clients, who will now not only be able to invest in top South Africa companies but also those based in the USA, a unique feature not offered by traditional brokers,” said Viviers.<\/p>\n
Existing EasyEquities clients can easily sign-in and link their accounts. New clients can follow the registration process and then start investing, Viviers said.<\/p>\n
“By giving South Africans easy access to investing we can help shift investment behaviour in the right direction. EasyEquities is perfect for first-time investors as it offers a demo account, which can be used to familiarise yourself with the markets you are interested in, before investing actual money,” Viviers said.<\/p>\n
EasyEquities is a qualified intermediary with the IRS, which simplifies opening a US investment account and lowers the cost of trading US shares, said Charles Savage, chief executive of EasyEquities said.<\/p>\n
“Our EasyFX feature allows rands to be converted to dollars within the platform and then used for the purchase of US shares,” Savage said.<\/p>\n