EasyEquities review

About EasyEquities

EasyEquities is a South African broker that has expanded its operations in Australia. Starting out in 2014, the broker's claim to fame is that it allows for cheap trading with low minimum investments.

Having services in both Australia and South Africa means it is regulated by both the Australian Securities and Investment Commission as well as the Financial Sector Conduct Authority.

Key features

Invest in local and global stocks

EasyEquities gives you access to US, British, European and Australian shares on one platform.

EasyLearn

The broker is focused on making trading shares easy. Its EasyLearn YouTube videos do a good job of demystifying some of the more complex share trading concepts.

Fractional shares

EasyEquities allows investors to start investing from as little as $5 through fractional shares. This means you don't have to worry about saving up to $1,000 in some cases to buy a single share.

Commission-based brokerage fee

EasyEquities doesn't have a monthly fee or an inactivity fee. Instead, it charges you based on the size of your trade.

This is a key win for those who are looking to invest a smaller amount.

Built-in risk analysis tools

In order to mitigate unwanted risks, EasyEquities has a built-in risk analysis tool that will help you when setting up your portfolio.

MrPHY

This is the app's version of robo-advice.

It will help you set up investment plans by managing your investing on your behalf, but it will cost you about 1.5% a year.

Low starting balances

One of the key trading features is that you can start for less.

With just a $5 minimum starting balance, you can get started on your investment journey for less.

Is it safe for beginners?

EasyEquities is actually designed for beginners who want to be long-term investors.

Its philosophy is that investing is traditionally over complicated and should be simplified and cheap.

On this message, it delivers.

EasyEquities for the most part is straightforward to use and its fees are tailored towards smaller investors.

However, it lacks a couple of features that a newer investor might want, such as strong customer support.

Who should use it?

EasyEquities will probably suit most investors, given its low fees, but it will have a particular tilt towards smaller long-term investors.

This is because of its low entry points and the fact it charges a commission-based fee. So if you're a smaller/newer investor, this will likely suit your needs.

If you need advanced trading tools or are a more active trader, other brokers might better suit your investing style.

Fees

EasyEquities is one of the cheaper brokers going around depending on how much you trade.

It doesn't charge a flat fee. Instead, its fees are commission based, meaning the larger the trade you execute, the more you'll pay. The inverse is also true, meaning smaller investors will pay less.

A full breakdown of EasyEquities' fees can be found here:

If you would prefer, here is how it works out for different investment sizes:

Support

If you need support, you can lodge a ticket with EasyEquities and should receive a response within 24 hours. However, there is no live chat feature or phone support.

How to get started

Signing up to EasyEquities is a relatively quick and easy process.

1. You'll need to add your basic contact information to be verified, including both your email and phone number, so have your phone handy.
2. Decide how much you want to invest.
3. Add in your banking information.
4. You're now signed up.