FNB Share Investing spans entry-level digital securities accounts, a broader stockbroking service and managed portfolios. The dated Wealth and Investments tariff for 1 July 2026 to 30 June 2027 takes priority over older marketing figures. In particular, the name Shares Zero no longer establishes an unconditional absence of a platform fee.[9][1]
Accounts and eligibility
Sections ↑Account comparison01
Digital share-account routes
| Item | Terms and scope |
|---|---|
| Shares Zero | Selected JSE Top 40 shares, ETFs and ETNs; platform-fee waiver conditions applySource 9Source 1 |
| Share Saver | FNB-selected local/global ETF basketsSource 9Source 1 |
| Share Builder | Predetermined basket with customer selection; Krugerrands availableSource 9Source 1 |
| Share Investor | Full JSE share/ETF/ETN range and KrugerrandsSource 9Source 1 |
Account comparison02
Stockbroking and portfolio mandates
| Item | Terms and scope |
|---|---|
| Local self-managed | Online or telephone securities relationship with FNB Stockbroking and Portfolio ManagementSource 9 |
| Self-managed with advice | Client decisions supported by a portfolio managerSource 9 |
| Houseview managed | Local minimum R 2.5 million in the dated tariffSource 9 |
| Tailored managed | Local minimum R 5 million in the dated tariffSource 9 |
Account comparison03
Entry requirements published by product
| Item | Terms and scope |
|---|---|
| Share Saver | SA citizen/natural person, SA tax resident,18+, qualifying FNB account; R 300 recurring or R 1,000 lump sumSource 4Source 3Source 5Source 6 |
| Share Investor | Individuals/juristic entities; SA residents and nonresidents;18+; qualifying FNB account; R 200 minimum depositSource 4Source 3Source 5Source 6 |
| Share Builder | Product page states R 100 minimum account balanceSource 4Source 3Source 5Source 6 |
| Local Trader | Separate mandate, identity, residence and banking documentsSource 4Source 3Source 5Source 6 |
Account comparison04
Global Trader scope and advertised entry levels
| Item | Terms and scope |
|---|---|
| Self-directed global | Private Wealth page advertises USD 10,000 minimumSource 7 |
| With relationship-manager input | USD 10,000 minimum on that pageSource 7 |
| Tailored discretionary global | USD 100,000 minimum on that pageSource 7 |
| Account currencies | USD, EUR or GBP; account mandate and the dated tariff determine the actual routeSource 7 |
Products and market access
Sections ↑Specifications05
What Shares Zero permits
| Item | Terms and scope |
|---|---|
| Shares | JSE Top 40 selectionSource 1Source 2 |
| Funds and notes | Eligible ETFs and ETNsSource 1Source 2 |
| Quarterly changes | A stock removed from the Top 40 can remain held and sold, but new purchases are restrictedSource 1Source 2 |
| Wider selection | FNB directs clients to Builder/Investor or broader stockbrokingSource 1Source 2 |
Specifications06
Foreign exposure through different instruments
| Item | Terms and scope |
|---|---|
| Local FNB ETN | A locally traded note referencing overseas assets; does not require moving money offshoreSource 3Source 7 |
| C/Q variants | FNB describes C as including dollar exposure and Q as excluding that currency exposureSource 3Source 7 |
| Global Trader | Overseas securities through the separate international serviceSource 3Source 7 |
| ETN or ETF exposure | Instrument documentation, issuer and fund structure determine rights; a foreign reference asset is not direct foreign share ownershipSource 3Source 7 |
Specifications07
Broader stockbroking and leveraged products
| Item | Terms and scope |
|---|---|
| Local self-managed tariff | Shares, ETFs, ETNs, CFDs, warrants, bonds and unit trustsSource 9Source 6 |
| Listed futures | Local Trader describes single-stock and currency futuresSource 9Source 6 |
| CFDs | OTC contracts, distinguished by FNB from exchange-listed futuresSource 9Source 6 |
| Eligibility | Additional product permissions and mandate applySource 9Source 6 |
Costs and charges
Sections ↑Pricing & charges08
Monthly digital-account charges: 2026/27 tariff
| Item | Terms and scope |
|---|---|
| Shares Zero | R 25 including VAT, subject to waiver; minors exemptSource 9 |
| Share Builder | R 55 excluding VATSource 9 |
| Share Investor | R 90 excluding VAT; nonresident account VAT treatment differsSource 9 |
| Share Saver | Portfolio-based charge with R 25 minimum monthly account feeSource 9 |
Pricing & charges09
Shares Zero monthly platform-fee waiver
| Item | Terms and scope |
|---|---|
| Trading activity | At least one trade, a recurring investment instruction, or reinvestment of received dividendsSource 9 |
| Funding activity | A deposit to linked cash or a scheduled transfer instructionSource 9 |
| Linked Tax-Free account | Active account fully funded to annual limit, or with a recurring investment/scheduled transfer instructionSource 9 |
| Assessment | At least one listed qualifying activity in each calendar month; minors pay no platform feeSource 9 |
Pricing & charges10
Shares Zero brokerage
| Item | Terms and scope |
|---|---|
| Buy FNB/Ashburton ETFs or ETNs | 0% brokerageSource 9 |
| Sell those instruments | 0.25% excluding VATSource 9 |
| Other eligible now trades | 0.25% excluding VATSource 9 |
| Displayed-price timing | The tariff describes 15-minute pricing; order execution and quote freshness differSource 9 |
Pricing & charges11
Share Investor and Builder brokerage
| Item | Terms and scope |
|---|---|
| Investor now trade | 0.50%, minimum R 80, excluding VATSource 9 |
| Investor delayed trade | 0.70%, minimum R 80, excluding VAT; limited to Builder-basket sharesSource 9 |
| Builder delayed trade | 0.70% excluding VATSource 9 |
| Telephone instruction | Additional-services schedule lists 0.50%, minimum R 100, excluding VAT; the accepted instruction route controlsSource 9 |
Pricing & charges12
Share Saver portfolio fee and scheduled dealing
| Item | Terms and scope |
|---|---|
| Portfolio R 0–R 250,000 | 0.50% annually excluding VAT; R 25 monthly minimumSource 9 |
| R 250,001–R 1,000,000 | 0.45% annually excluding VATSource 9 |
| Above R 1,000,001 as labelled | 0.35% annually excluding VATSource 9 |
| First trading day | 0.25% brokerage excluding VATSource 9 |
| Delayed and sell instructions | 0.25%, minimum R 25, excluding VAT; all sales classified as delayed even on the first trading daySource 9 |
Pricing & charges13
Self-managed local stockbroking costs
| Item | Terms and scope |
|---|---|
| Account fee | R 90 monthly excluding VAT for Local and/or Global Shares; one fee if both are heldSource 9 |
| Bundle waiver | Published exception for qualifying bundle transactional customers with portfolio above R 35,000Source 9 |
| Equity brokerage | 0.50%, minimum R 80 per transactionSource 9 |
| Bonds | 0.50%, minimum R 500 up to R 5 million;0.35% above that bandSource 9 |
Pricing & charges14
Managed portfolio price distinctions
| Item | Terms and scope |
|---|---|
| Houseview portfolio | Management tiers 0.80%,0.75%,0.65%,0.55% then negotiable; bands start above R 2.5 millionSource 9 |
| Houseview dealing | Brokerage maximum 0.35%; bond trading 0.20%Source 9 |
| Managed ETF portfolio | 0.40% management feeSource 9 |
| Tailored portfolio | Management starts 1.00% in R 5 million–R 7.5 million band; separate sliding brokerage appliesSource 9 |
| Scope | Annual management rates; VAT and third-party costs excluded unless statedSource 9 |
Pricing & charges15
CFD mandate charges
| Item | Terms and scope |
|---|---|
| Minimum investment | R 250,000 in the dated CFD sectionSource 9 |
| Brokerage | 0.35%, minimum R 50Source 9 |
| Long overnight rate | Repo rate plus 2.5%Source 9 |
| Short overnight line | Repo rate minus 1%; receivable under the document’s termsSource 9 |
| Account fee | No monthly account charge in the CFD-specific sectionSource 9 |
Pricing & charges16
Market data for stockbroking accounts
| Item | Terms and scope |
|---|---|
| Default quotes | 15-minute delayed data without a chargeSource 9 |
| Snapshots | R 0.21 per equities/indices snapshot, with category/status capsSource 9 |
| Streaming nonprofessional | R 190 per monthSource 9 |
| Streaming professional | R 650 per monthSource 9 |
| Upgrade during month | The tariff says the full streaming fee applies, without prorationSource 9 |
Pricing & charges17
Statutory and settlement charges in the dated tariff
| Item | Terms and scope |
|---|---|
| STT | 0.25% on relevant share purchases; exemptions and product scope applySource 9 |
| Investor protection levy | 0.000345% before VAT on the specified tradesSource 9 |
| STRATE | 0.006018%, minimum R 6.29 and maximum R 142.20, plus VATSource 9 |
| Krugerrand safekeeping | 0.87% annually of market value, excluding VATSource 9 |
Pricing & charges18
Illustrative commissions and monthly costs
| Item | Terms and scope |
|---|---|
| R 10,000 Investor now buy | Percentage gives R 50; R 80 floor applies before VAT/leviesSource 9 |
| R 100,000 Investor now buy | R 500 brokerage before VAT/leviesSource 9 |
| R 10,000 Saver scheduled buy | R 25 brokerage before VAT; account fee separateSource 9 |
| Shares Zero with no waiver for 12 months | R 300 platform fees including VATSource 9 |
| R 50,000 Saver portfolio | 0.50% gives R 250 annually before VAT; the R 25 monthly minimum would instead imply R 300 before VAT if applicable all yearSource 9 |
Platforms, orders and execution
Sections ↑At a glance19
Published digital-account dealing windows
| Item | Terms and scope |
|---|---|
| Saver / Builder | Orders can be submitted anytime; published execution cycle 15:00Source 10 |
| Investor | Published execution 09:00–17:00; same-day submissions until 16:45Source 10 |
| After cutoff | Queued for next trading day,09:45 Investor or 15:00 Saver/BuilderSource 10 |
| Time zone | South African local time; trading holidays applySource 10 |
At a glance20
Order validity and cancellation
| Item | Terms and scope |
|---|---|
| Ordinary validity | One trading day under the learning-centre FAQSource 10 |
| Unmatched instruction | Expires; requires a new order for the following daySource 10 |
| Cancellation | Only while status is INITIATED and the order has not been sent to the brokerSource 10 |
| Buy now / end of day | As soon as possible versus the 15:00 cycleSource 10 |
At a glance21
Shares Zero controls in the app
| Item | Terms and scope |
|---|---|
| Open account | Invest → Share Portfolio → Add → Shares ZeroSource 2 |
| Sell | Select lump-sum sale or full sell-outSource 2 |
| Authorise | OTP/app approval as promptedSource 2 |
| Transfer cash | After available cash is shown, move to the linked transactional accountSource 2 |
Funding, settlement and transfers
Sections ↑At a glance22
Scheduled funding and recurring investing
| Item | Terms and scope |
|---|---|
| Scheduled transfer | Moves cash into the linked cash accountSource 2Source 9 |
| Investment instruction | Separately determines an actual securities purchaseSource 2Source 9 |
| Shares Zero fee waiver | The tariff lists either a scheduled cash transfer or a recurring investment as qualifying activitiesSource 2Source 9 |
| Practical distinction | A successful bank transfer does not by itself establish that securities were boughtSource 2Source 9 |
At a glance23
Securities transfers and account moves
| Item | Terms and scope |
|---|---|
| Request | Email [email protected] with the transfer instruction and securities detailsSource 2Source 9 |
| Receiving shares | Only eligible securities can move into Shares ZeroSource 2Source 9 |
| Published response target | The guide says contact within 48 hours; this is not a completed-transfer guaranteeSource 2Source 9 |
| Exit price | Digital share transfer out R 135 per counter excluding VAT; portfolio move out R 100 in a separate lineSource 2Source 9 |
At a glance24
Closure and small holdings
| Item | Terms and scope |
|---|---|
| Securities | Sell or transfer the remaining investmentsSource 2Source 8 |
| Cash and obligations | Withdraw available balance and settle applicable chargesSource 2Source 8 |
| Small holdings | The guide describes donation as one option where brokerage can exceed value; transfer is also an optionSource 2Source 8 |
| Mandates | An advisory/discretionary agreement has its own termination termsSource 2Source 8 |
Regulation and client assets
Sections ↑Entities & regulation25
Bank and securities-company roles
| Item | Terms and scope |
|---|---|
| Bank brand | First National Bank is a division of FirstRand Bank LimitedSource 9 |
| Stockbroking firm | FNB Stockbroking and Portfolio Management (Pty) Ltd, registration 1996/011732/07Source 9 |
| Membership statement | The dated tariff identifies the securities firm as an authorised financial services provider and JSE memberSource 9 |
| Protection boundary | A security, CFD and bank deposit have different legal rights; the banking brand is not a guarantee of investment valueSource 9 |
Entities & regulation26
Product rights and custody distinctions
| Item | Terms and scope |
|---|---|
| Cash shares and ETFs | Securities/fund interests subject to issuer and market riskSource 6Source 3 |
| ETNs | Debt-note exposure under the issuer’s termsSource 6Source 3 |
| Listed futures | Exchange contract and margin obligationsSource 6Source 3 |
| OTC CFDs | Bilateral derivative exposure with financing and counterparty obligationsSource 6Source 3 |
Support and account records
Sections ↑At a glance27
Operational contact routes
| Item | Terms and scope |
|---|---|
| Shares Zero administration | 0873468378 / [email protected]Source 2Source 6Source 10 |
| Local Trader desk | 0873468378 on its current product pageSource 2Source 6Source 10 |
| Telephone dealing FAQ | 0875742737 during office hoursSource 2Source 6Source 10 |
| Branch limitation | The learning centre says branches do not place share tradesSource 2Source 6Source 10 |
At a glance28
Statements, transaction history and tax certificates
| Item | Terms and scope |
|---|---|
| Shares Zero statements | Account → Saving/Investing → Shares Zero → StatementSource 2 |
| Records | Balances, transaction history and notifications available through the accountSource 2 |
| Tax certificates | Annual documents via the app TaxCert route or desktop account statements/tax certificatesSource 2 |
| Transfer records | Keep the sender/receiver and security identifiers until positions reconcileSource 2 |
Research and additional services
Sections ↑At a glance29
Research, monitoring and advice
| Item | Terms and scope |
|---|---|
| Local Trader | Charting, market commentary and company informationSource 6Source 2Source 8Source 7 |
| Shares Zero | Watchlists and price alerts under the self-help guideSource 6Source 2Source 8Source 7 |
| Non-discretionary advice | Client retains trading decisionsSource 6Source 2Source 8Source 7 |
| Discretionary service | Portfolio manager acts under an accepted mandateSource 6Source 2Source 8Source 7 |
At a glance30
Foreign dividend tax recovery
| Item | Terms and scope |
|---|---|
| Partner | Global Tax Recovery (Pty) LtdSource 9 |
| Success fee | 20% of recovered refund; allocation stated as 2.5% to FNB and 17.5% to the providerSource 9 |
| Threshold | Refunds below R 500 may be ineligibleSource 9 |
| Other listed charges | R 45 courier handling and R 25 bank charge in the digital-product sectionSource 9 |
| Unsuccessful claim | No success charge according to the tariffSource 9 |
Company and legal entities
Sections ↑At a glance31
Services with different price documents
| Item | Terms and scope |
|---|---|
| Digital share accounts | Saver, Builder, Investor, Zero and Tax-Free sections of the annual guideSource 9Source 5 |
| Stockbroking | Separate managed/self-managed/local/global sectionsSource 9Source 5 |
| Legacy product pages | Some still quote older figures, including R 50 Builder monthlySource 9Source 5 |
| Contracting entity | The account mandate identifies the actual securities counterpartySource 9Source 5 |
- Headquarters
- Johannesburg, South Africa
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
FNB Stockbroking and Portfolio Management (Pty) Ltd
South AfricaSource 9
No separate licence entry is recorded in this panel.
Important account distinctions
Sections ↑At a glance32
Material public-page discrepancies
| Item | Terms and scope |
|---|---|
| Shares Zero marketing | Zero monthly-cost language conflicts with dated R 25 fee and waiver termsSource 9Source 1Source 5Source 8 |
| Builder marketing | R 50 displayed versus R 55 excluding VAT in the dated guideSource 9Source 1Source 5Source 8 |
| Older Investor references | R 83/month and R 100 minimum are replaced by R 90 and R 80 in the dated guideSource 9Source 1Source 5Source 8 |
| Advisory minimums | A legacy advice page contains both R 1 million and R 3 million; the dated tariff separates self-managed/advised and managed routesSource 9Source 1Source 5Source 8 |
These distinctions change the cost of infrequent investing. Shares Zero can still avoid its platform charge when a listed monthly waiver applies, but an inactive eligible adult account cannot be assumed free. The guide’s product-specific tax labels also matter: Shares Zero’s platform fee includes VAT while many brokerage and other account fees are quoted before VAT.[9]
Sources & further reading
- FNB Shares Zero product scope and zero-fee qualification FNB · Accessed 27 Oct 2026
- FNB Share Zero onboarding and electronic holdings transfer instructions FNB · Accessed 27 Oct 2026
- Share Investor product, prices and eligibility FNB · Accessed 27 Oct 2026
- Share Saver portfolio fees, brokerage and minimums FNB · Accessed 27 Oct 2026
- Share Builder product and charges FNB · Accessed 27 Oct 2026
- Local Trader platform and product range FNB · Accessed 27 Oct 2026
- Local Trader and Global Trader minimums and service routes FNB Private Wealth · Accessed 27 Oct 2026
- Non-discretionary portfolio service prices and minimum FNB · Accessed 27 Oct 2026
- FNB Wealth and Investments annual pricing guide: 1 July 2026–30 June 2027 FNB · Accessed 27 Oct 2026
- FNB learning centre: trading times, order status and account operations FNB · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.