Good news for anyone using South Africa’s biggest stockbroker

Standard Bank’s Webtrader has changes to its offshore trading fees, which will see a significant decrease in the platform’s minimum fee and a move to a tiered pricing structure for certain trades.

Webtrader is Standard Bank’s offshore trading platform that allows users to invest in over 14,500 international shares and other asset classes across 31 global exchanges.

According to JSE data, SBG Securities, which operates Webtrader, was South Africa’s biggest trading service provider in 2025, with the highest value of instruments traded in the past year, and the second-largest in terms of volume and number of trades.

On Monday, 16 February, Webtrader informed clients that its offshore trading fees will be updated starting 16 March 2026.

While the platform’s 0.2% annual safe custody fee will remain unchanged, other fees will be significantly changed.

The minimum fee will decrease significantly, while brokerage will move to a tiered pricing structure based on the notional value of clients’ trades. This marks a move away from the previous cents-per-share model.

Webtrader’s new brokerage structure will decrease as follows, from 16 March 2026 –

The platform’s US dollar trade value tiers will look as follows –

• < $5,000 – 0.30%
• $5,000 to $50,000 – 0.20%
• $50,000+ – 0.10%

Its euro and British pound trade value tiers will change to the following –

• < 5,000 – 0.40%
• 5,000 to 10,000 – 0.30%
• 10,000+ – 0.20%

“We trust that the revised brokerage rates and tiered structure will provide you with enhanced opportunities to grow your wealth, supported by more cost-effective offshore trading fees,” the company said.

This is not the only change coming to the platform. Standard Bank has also announced plans to consolidate its existing online trading platforms, including Webtrader, under its global money app, Shyft, with the migration to take effect over 2025 and 2026.