Service	Cost	Inclusions
Account maintenance	R110 per month	One free calendar month upon registration. No administration fee after three trades within a calendar month. Two of the trades must be done on a non-TFIA account This fee entitles you to: Unlimited access to the site Limited live share prices Safe custody of your shares Excellent educational resources and investor courses.
Withdrawals	R4.56 (including VAT)	Per single withdrawal from either a Money Account or a share trading account to your bank account.
Full Portfolio transfers	R62.23 (including VAT)	The fee to transfer to another broker per share holding.
Partial Portfolio transfers	R113.76 (including VAT)	The fee to transfer only certain shares to another broker per share holding.
Early settlement	0.25% R39.90 minimum (including VAT)	The fee applicable to unsettled funds of share transactions. These are available for withdrawal one business day after the trade. Please contact us to request early settlement.
Phone trades	R35 (excluding VAT)	Applicable to all successful orders placed via our call centre and matched in the market.
ViewPoint	Basic Package Free	ViewPoint is a next generation, low-bandwidth, web-based market data, trading and portfolio solution. This platform allows you to monitor the market, make decisions and trade multiple asset classes, making trading easy for everyone. What you get: 15-minute delayed prices, Portfolio viewing, and trading.
	Live Level 1 Package R175.00 (Including VAT)	Live Pricing Level 1 depth. Portfolio viewing and trading allowed.
	Live Level 5 Package R195.00 (Including VAT)	Live Level 5 - Live Pricing Level 5 depth. Portfolio viewing and trading allowed.
Professional Traders - Account	R650 per month	One free calendar month upon registration. No administration fee after three trades within a calendar month. Two of the trades must be done on a non-TFIA account This fee entitles you to: Unlimited access to the site Limited live share prices Safe custody of your shares Excellent educational resources and investor courses.
Internal Share Transfers	R34.20	Per counter fee to transfer stock to another account held at SBG Securities.
Cost Price Change	R11.40	Per counter cost to amend the recorded cost price of a holding.
Adhoc file/data Requests	R50 (Excl VAT)	Per request for data/files not originated from the website.
Broker Trustees Fee		JSET Accounts – 1% + VAT. Money Market Accounts – Tiered rate depending on balance. Click Here for more details.

Brokerage is negotiable for clients trading volumes of R500,000 or more per month.

A reduced brokerage rate of 0.4% applies to Standard Bank Private Banking Suite clients.

Product	Costs
Shares	Headline brokerage rate of 0.5% R110* minimum applies.
Contracts for difference (CFD)	Fixed brokerage fee of R50**. Market-makers commission of 0.35% will be incurred per transaction. The exit leg of positions opened and closed on the same day will incur a reduced market-makers commission of 0.20% as a day trader�s account.
Index futures	R12.50 per contract plus VAT
Commodity futures	0.1% of the value of the underlying contract** R110 minimum applies**
Currency futures	R15** per contract plus VAT
Warrants and share instalments	A flat brokerage fee of R50** per deal (if traded in a warrants account): Applies no matter how large your warrants deal is NO STT is charged on warrant trades Note: Normal shares cannot be traded in a warrants account.
Single stock futures (SSF)	A brokerage rate of 0.4% will be incurred per transaction with a minimum of R110**.

* Excludes VAT and statutory taxes (Securities Transfer Tax @ 0.25% on purchases, Investor Protection Levy @ 0.0002% and Strate less than R200 000 @ R11.58, R200 000 to R1 Million @ 0.005787%, Greater than R1 million @ R57.87.

** Excludes VAT.

Service	Fee type	Costs
Internet placed trades	Brokerage	A 0.5% flat rate A minimum of R110 (plus VAT) applies.
	Securities Transfer Tax (STT)	0.25% Applies to share purchases only.
	Strate	0.005787% (excluding VAT) based on the value of the share transaction: The minimum is R6.72 (excluding VAT) for trades with a value up to R116,116.01 The maximum is R108.10 (excluding VAT) for trades with a value over R1,867,868.46 Tax Free Accounts – R4.21 per trade (excluding VAT). This fee covers the electronic settlement of your share transactions through Strate, the electronic settlement authority
	FSB Investor Protection Levy	0.00031% on all trades.

With Standard Online Share Trading you can obtain shares prices, indices quotes and portfolio updates at affordable rates.

• Live share prices cost *19 cents per quote. This includes live share prices where market depth is shown (i.e. the five best bids and offers on the Trade and Quote pages).
• Live share prices (no depth) cost 13* cents per quote. For example a latest price shown in a portfolio
• Index quotes cost 11* cents per quote.

Quotes are available (at the above charges) between 08:55 and 17:20 on market days only. Prices with a 15-minute delay are available free of charge 24 hours a day.

To select the type of price you would like to receive, click on the LIVE or DELAYED button before requesting a share quote, index quote or portfolio update.

�Quotes Bank�

Your monthly subscription to Standard Online Share Trading includes R10 worth of live stock depth or index quotes, portfolio updates and SMS's. These are accumulated in a "Quotes Bank". This equates to either 66 live depth share quotes or 125 share quotes or 125 index quotes.

It works as follows:

Action	�Quotes Bank� total
Request a live share price (with depth)	19 cents*
Refresh your portfolio or watch list	Reduced by the number of shares in your portfolio multiplied by 13 cents*
Request a live index update	11 cents*
Receive a SMS alert	25 cents*

Completed trades
You will automatically receive an additional R5 worth of quotes for every equity or CFD completed trade undertaken. This will be credited to your "Quotes Bank" the day after the trade is completed.

Free quotes
You are able to conveniently run your "Quotes Bank" account into debit. Every quote after the maximum number of quotes is free.

The maximum number of shares quotes that you will be charged for per month is:

• 620 quotes with depth (Maximum R117.80) or
• 760 quotes without depth (Maximum R98.80)

The maximum number of index quotes quotes that you will be charged for per month is:

• 340 quotes (Maximum of R37.40)

You can also request us to debit your bank account once at the end of the month, together with the account maintenance fee - if applicable.

If you have run your quotes bank into debit, the balance will be recovered from your trading account at month end over and above the monthly admin fees.

Credits

Any unused credits will be rolled over to the next month.

You can accumulate a maximum R100 of unused credits at any one time.

Please note:

1. There is no maximum fee for SMS's. A 25 cent charge applies to all SMS's sent to you.
2. Quotes are not redeemable for cash and are non-transferable.

Money Market Account - Minimum Net Balance
A Minimum Net Balance is required to be maintained in the Money Market Account at all times. In the event that the Minimum Net Balance is not maintained, then the full balance will automatically be swept back to the clients JSET Account. Where any debit is processed on the trading account that results in the balance on the Money Market Account falling below the Minimum Net Balance, the credit balance will automatically sweep back to the JSET Account. If the purchase of a trade results in the available cash balance falling below the Minimum Net Balance, then the full amount of the credit balance will automatically sweep back to the JSET Account. In respect of the settlement of sales transactions, where the settlement on T+3 results in the combined value of the available funds (income and trading account) exceeding the Minimum Net Balance then the full amount will be swept from the JSET Account to the Money Market Account.