DIRECTORY: Stockbroker accounts
A complete directory of tax-free stockbroker accounts available on the market. For each TFSA we include information on the risk level, underlying investments, costs and ideal investment period
Stockbrokers offer two main types of tax-free accounts: a managed account in which the broker determines what to invest in, and a do-it-yourself account in which you select the investments. The investment universe is restricted to the 40 or so eligible listed exchange traded funds (ETFs). Costs include commissions when you buy or sell an ETF, while the ETFs themselves have an embedded management fee that can be seen on the relevent fund’s fact sheet. Costs listed below are the total expense ratio. ETFs provide various types of exposure, including foreign stock indices, though most are focused on JSE-listed shares.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.