Satrix Review South Africa
Earning potential
R20–600/month
Min payout
R0
Payout speed
Withdrawals reach your bank in about 2-3 business days; ETF sales settle for 5 business days first (unit trusts 2)
Pays via
EFT
Direct link — no affiliate relationship
What is Satrix?
Satrix is a South African index-tracking fund provider. Its online platform, SatrixNOW, lets you buy Satrix ETFs and unit trusts with no investment minimum, and it is administered by EasyEquities. This is not a side hustle: you put money in and the return depends on the market, so you can lose money. The costs are published: a platform fee of 0.50% a year on the first R500,000, plus 0.10% brokerage and 0.075% settlement fees on ETF trades (VAT of 15% applies).
How It Works
Sign up on SatrixNOW (website or iOS/Android app) and choose a standard or tax-free savings account; a retirement annuity is available on request. You can invest any amount, 'whether you're investing R10 or R10 million' according to Satrix. Deposit by EFT, debit order or card (card deposits cost R1.60 plus 2.2%). Funds you add are locked for 5 business days (EFT and Instant EFT) or 60 business days (debit order). When you sell, ETFs settle after 5 business days and unit trusts after 2. Early settlement within 24 hours costs 0.2% of the amount. Withdrawal requests made before 14h00 on a business day usually reach your bank in 2-3 business days.
Pros & Cons
Pros
- ✓ No minimum investment
- ✓ Costs are published in a cost profile, with a platform fee of 0.50% a year on the first R500,000
- ✓ No fee on recurring investments and R0 debit order processing fee
- ✓ Tax-free savings account available
- ✓ No charge to move an existing portfolio in
Cons
- ✗ Investing involves risk, and you can lose money
- ✗ ETF sales take 5 business days to settle before you can withdraw
- ✗ Debit order deposits are locked for 60 business days
- ✗ Trades cost 0.10% brokerage plus 0.075% settlement, plus VAT, on top of the platform fee
- ✗ Moving a portfolio out costs R150 per security
- ✗ FSP number not shown on the pages checked (see the FAIS disclosure document on satrix.co.za)
Rating Breakdown
Requirements
Direct link — no affiliate relationship
Is Satrix a Scam?
Scam Risk: None ✅ — Satrix is a legitimate platform.
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