EasyEquities adds monthly fee for some users
The new fee angers some retail investors and raises questions on Purple Group’s financial health
Purple Group-owned EasyEquities will start charging users a monthly R25 fee on their accounts, which allow everyday investors to buy and sell stocks, if they withdraw more than they deposit during the period.
This raises questions on whether too many customers are selling shares and withdrawing their cash as consumers have less money to invest in a tough economic climate. ..
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