To live life fully and enjoyably, you need money. Some may say money doesn’t guarantee happiness – this may be true but what’s guaranteed is that without money, distress always follows. You need that buck to explore all that life can give. How do you then make money? That’s the big question. The thing is, there are many ways of making money and one such way is via investing in stocks and other securities.
Investing in stocks and other securities is a lucrative adventure. However, it’s not a simple and straightforward thing that every Jack and Jill can do on their own. Knowing how the markets (stock exchange) operate isn’t easy nor is the task of buying and selling shares. Recognizing this complexity, some financial services providers known as stockbrokers have emerged. Their major aim is to operate as intermediaries between investors some of whom are just ordinary folks and the markets. As the intermediaries, the stockbrokers do all the technical and hard work leaving the simple stuff to the investors. One of their main competitors is Sygnia.
If you want to invest in stocks and other securities but you don’t have the technical expertise to do so, it means you need to get yourself a stockbroker. One of the best and most trustworthy stockbrokers in South Africa with years of experience in the business is Satrix officially SatrixNOW. To learn all about Satrix, just spare a few moments to check out this comprehensive Satrix review.
A Quick Glance at Satrix
| Countries Satrix Operates In | South Africa |
| Base Currencies | South African Rand (ZAR), United States Dollar (USD) |
| Time to Open an Account | Up to 24 hours |
| Inactivity Fee | Not Specified |
| Withdrawal Fee | Not Specified |
| Minimum Deposit | Not Charged |
| Bank Card Deposits | Accepted |
| Demo Account | Provided |
| Products Offered | Stock, EFT, Bundles |
An Overview of Satrix
On its official website, Satrix states “The complexity of investing can put anyone off. We exist to make it simple.” In a nutshell, this summarizes the key objective of Satrix. Its objective is to make the lives of prospective as well as existing investors easy. Satrix achieves this by operating as an intermediary between the investor and the markets hence handling all the technical stuff.
Predominantly, Satrix allows investors to buy and sell stocks. However, investors can also invest in EFTs among other securities. Among the many great attributes of Satrix is that it doesn’t have any minimums (deposits-wise). This therefore means anyone regardless of how deep their pockets are can start building a portfolio to be proud.
Even more impressive when it comes to Satrix is that it even instils the saving and investing mentality in tomorrow’s leaders. Kids below the age of 18 can open accounts with Satrix and start learning the intricacies of buying and selling stocks. Note however that those below the age of 18 can only register accounts under the guidance of their parents or legal guardians. The parent or legal guardian needs to be a Satrix member to open a kids account.
How Satrix Helps You to Make Money
As an intermediary, Satrix’s role is to help investors buy stocks in any company of their choice provided it’s listed on the Johannesburg Stock Exchange. Once one buys the stocks (shares), they immediately become shareholders in that company. This in essence means they will have a say in how the company is run and can even attend shareholder meetings. Well, there is also the issue of earning money. There are two ways in which shareholders can earn money and these include:
- Share Price Increase: The value of stocks and other securities on the stock exchange is highly volatile. In just one day or even a few hours, the value of stocks can change over a dozen times! What this therefore means is that when investors buy stocks, they should do so after doing enough research to know which direction the value of the stocks will go (Satrix will help on this front). Doing good research means that after purchasing 1 share for example at R100, the same share may end up being valued at R150 after some time meaning the investor will have made a R50 profit if s/he decides to sell.
- Dividends: Investors can also earn money dividends. After every financial year, companies will balance their books to see if they have recorded profits or a loss. If it’s the latter, the profits may be shared equitably among all shareholders. As dividends are dependent on the profits made by the company, it means they are not a guarantee that they will be paid after each financial year. Also, dividends may be paid in stocks instead of cold hard cash.
How to Join Satrix
Eager to let Satrix become your stockbroker hence helping you make some money as a company shareholder? If yes, then you need to open an account and start buying and selling stock. Registering an account with Satrix is pretty simple. All you need is to follow the steps outlined below:
- Visit the official site at https://satrix.co.za/
- Click the ‘Sign Up’ button on the header tab
- Once the registration page loads, enter your email address and click the ‘Get Started’ button
- Enter the code that’s been sent to your email inbox from Satrix and click the ‘Confirm’ button
- Enter your preferred username and password bearing in mind to follow all password recommendations listed
- Complete the process by clicking the ‘Register’ button.
*Note that the Satrix team will evaluate your account first before it’s confirmed. This may take up to 24 hours. Sometimes, you may be requested to provide proof of residence or identification documents but this is not always the case.
Satrix Login Process
Once you join Satrix as an investor, you will get an account portal. From this account portal, you can link your bank account or other payment methods hence enabling you to start depositing funds and buying the stocks you want. Whenever you want to access your account portal, you need to follow the login process illustrated below:
- Visit the official site at https://satrix.co.za/
- Navigate to the menu bar and click the Login button
- Enter your security credentials that is your password and username
- Click the Login button to access your account portal.
*If ever you lose or forget your security credentials, you need to open the login page and utilize the ‘Forgot your Password?’ or ‘Forgot your Username?’ to recover the credentials.
Round Up
If you are looking to invest in stocks and other securities in South Africa but you lack the technical know-how to do so by yourself, Satrix is your best plug. Satrix works as an intermediary between you and the markets in the process handling all the technical and hard work leaving you to just watch how the stocks are performing on the markets.