BrokAIr Reviews

Sharenet Review

"Sharenet is one of the most innovative online brokerages available, but it may be too good to be true for some investors looking for a legitimate broker." Is Sharenet too good to be trusted?

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Sharenet: An Overview

Sharenet is a South African online brokerage firm that was founded in 1996. It offers a range of services, from stockbroking and research to financial planning and investment advice. The company is listed on the JSE, one of the world's top 20 exchanges, and is regulated by the Financial Services Board (FSB). Today, Sharenet has over 200,000 registered users and is one of the most popular online brokerages in South Africa.

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Founders

Sharenet was founded by CEO Rob Wesselo and COO Clive Gildenhuys. Wesselo has been at the helm for over 20 years and has grown the company from a small brokerage firm to one of the largest players in South Africa's online trading scene. Gildenhuys is also a long-time member of the Sharenet team, having joined in 2002. Together they have overseen Sharenet's growth into one of the most well-known online brokerages in South Africa.

Public Opinion

Sharenet has generally been well-received by its users, with many praising its user-friendly platform and helpful educational materials. However, some have criticized its limited mobile trading capabilities and lack of international trading options. Overall, Sharenet has a positive reputation as an online brokerage firm that provides reliable services at competitive prices.

Newsworthy Events

Sharenet recently launched a new product called Sharenet Invest, which is aimed at novice investors who want to learn more about the stock market. The product allows users to build a portfolio of shares with virtual money, giving them experience before investing their own money. Sharenet has also announced plans to expand into other African countries, starting with Kenya and Nigeria. They are also introducing cryptocurrency trading to their platform in 2021.