Share Trading made easy with
FNB Local Trader
Take control and enjoy uncomplicated investing with the full range of JSE listed Shares, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Warrants, Bonds and Preference Shares.
Take control and enjoy uncomplicated investing with the full range of JSE listed Shares, Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), Warrants, Bonds and Preference Shares.
We've made it quick and easy for you to register and open an account online.
Once you've accessed your Local Trader account, maintain it easily on the FNB App, FNB Online Banking or shares.fnb.co.za
It is important to understand all the risks associated with trading and investing and what risk mitigating tools are available to you.
Handy contact numbers and guidelines to get in touch with us.
We've made it quick and easy for you to register and open an account online.
For existing FNB banked clients:
For non-FNB banked clients:
You may be required to provide FICA documentation if FirstRand does not have your valid documents.
Your account should be opened within 3-4 working days.You will receive a welcome message within 48 hours of account opening. Our team will get in touch with you if we require additional information.
Should you require assistance, contact us at shares@fnb.co.za
Transferring your existing share portfolio to FNB
Should you wish to transfer your existing share portfolio to FNB please send an email to shares@fnb.co.za requesting a CSDP transfer. Please attach a current statement to the request. The transfer support team will contact you within 24 hours and provide you with further assistance in this regard.
Once you've accessed your Local Trader account, maintain it easily on the FNB App, FNB Online Banking or shares.fnb.co.za
Accessing your account
If you opened your account via 'Invest' on FNB Online Banking you will need to access your account by logging into FNB Online Banking, navigating to 'Invest', 'Share Portfolio' select your account and accept the redirect to shares.fnb.co.za. You will not be required to log in again to the shares.fnb.co.za website.
If you opened your account directly on shares.fnb.co.za you will always login using this web address. You will make use of the username and password you created during the account opening process.
Functionality on the FNB App is limited to funding and trading at this stage.
Fund your account
There are 2 easy options to fund your account with FNB's digital channels
Option 1
FNB Online Banking or the FNB App
Option 2
On shares website
You can fund your account by doing an Electronic Funds Transfer (EFT) into our bank account.
You can find the bank details online by following these steps:
You can find your BDA account number by logging in on shares.fnb.co.za and navigating to your dashboard. The BDA account number will appear underneath your portfolio overview next to your account name. When making payments into your account, please use your BDA account number as reference.
Trade on your account
Option 1 :
Place your first trade
Trade on shares.fnb.co.za
Placing a trade on the shares website
Note: Once inputs are complete, accept the disclaimer, confirm your order, and enter your password to place your trade.
Option 2 :
Placing a trade on FNB Online Banking
Option 3
Placing a trade on the FNB App
Buying shares
Selling shares
Access your statements
Account settings
Select 'My Account > Account Maintenance' to access:
Select 'Dashboard' to access :
Select ' Market Tools' to access:
Selling shares and withdrawing funds
The selling of shares can be done by following the Trade on your account steps above.
Shares will settle within 3 working days. Once the shares are settled and the cash is reflecting in the cash component of your investment you can proceed to withdraw.
Accessing your tax certificates
Tax certificates will be made available annually. You can download your tax certificates each year before you complete your tax return. Log on to the Shares website > My Account > My Reports > Statements.
Transferring your share portfolio from FNB to another provider
Should you request to have your portfolio moved to another Broker, please email shares@fnb.co.za. Please ensure that your instruction includes the CSDP details of the Broker where your portfolio is being transferred to. The transfer support team will contact you within 24 business hours and provide you with further assistance in this regard.
Closing your account
To close your account all instruments and cash must first be withdrawn, the account balance must be zero, thereafter please contact 087 346 8378 or email shares@fnb.co.za for assistance in closing the account.
It is important to understand all the risks associated with trading and investing and what risk mitigating factors are available to you.
Understanding the risks associated with investing
Investing your money in the stock market always comes with a degree of risk. It is important that you understand all the risks prior to starting your investment journey.
Managing the risks and understanding the different types of trades
Here are some key terms and explanations that will assist all investors and traders
At Best
'At best' is a buy or sell command to be executed immediately at the current market price. If there is liquidity in the market and willing buyers and sellers, the 'at best' order will immediately be filled. 'At best' orders are used when certainty of execution is more important than the price. If "Company XYZ" is trading at R40.00 per share, and as an investor you wish to purchase this share immediately, the at best order would be what a seller immediately wants for the share. Thus, the 'at best' order could be R40.20 and because you execute 'at best', you immediately acquire the share. At best is used by long-term investors, or when investments or trades have large possible upsides. An investor would rather sacrifice small cents saved on the acquisition for the large potential profits he or she would realise on the sale once that share has increased in price.
'At limit'
'At limit' is an order to buy a security or share at no more than a specific price, or to sell a security at no less than a specific price. This gives the investor or trader control over the price at which the order is executed; however, the order may never be executed as that security may not reach that specific price level.
'At limit' is used when the investor or trader wishes to control price rather than certainty of execution. If "Company XYZ" is trading at R40 and an investor or trader puts a limit to buy at R39, the order will only be filled when that share trades at R39. Thus, there is a risk that the share will never be acquired; however, for investors or traders looking to control the price for profitability 'at limit' is used.
Buy price
The buy price represents the maximum price that a buyer is willing to pay for a share of stock or other security.
Sell price
The sell price represents the minimum price that a seller is willing to take for a share of stock or other security. A trade or transaction occurs after the buyer and seller agree on a price for the share or other security that is no higher than the buy price and no lower than the sell price.
Last traded price
The last traded price is the price at which the most recent trade occurred. When the stock market is open the last traded price provides the most up-to-date value of a share.
Volatility auction
This refers to the process by which the prices of shares are determined before the open, after the close, or during intraday volatility auctions to build or stabilise the order book.
They allow investors and traders to place market or limit orders directly on an exchange. The set price of a share on an exchange is represented as the highest amount that a bidder is willing to pay for it and the lowest amount that a seller is willing to take for it. Every day starts with an opening auction that concludes on market open at 09h00 and then ends with a closing auction from 16:50 to 17h00. However, if a share moves beyond a certain predetermined range, like "Company XYZ" for example, it will automatically go into a volatility auction.
Volatility auctions are triggered when a share price moves by more than a certain percentage from the last traded price in either direction. Different segments have different volatility bands. Large mature companies have a 5% band, while medium and small cap shares have a volatility band of 20%. During the auction period no trades are matched but orders to buy and sell can be entered or deleted from the market, which is an effort to enable price discovery. At the end of the auction the JSE determines at what price the largest volume trades at and will then match that price and the market trading will resume. Bids and offers will then be matched during the auction.
Here are a few important contact numbers and methods to get in touch with us.
Contact us on 087 346 8378 (INVEST).
Log your complaint via the FNB App > Information > Have your say or via FNB Online Banking > Contact Us +Tools > Contact Us