Key Plan from Keytrade

B

Boyd

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While looking at various brokers for flat fee ETF purchases, I spotted this option on KT website. It seems to allow regular investing for zero monthly commission or trading fee. You fund the investments from your KT savings account each month without paying any trading fee. You're invested in managed funds so I assume there is an AMC built into each fund you buy but basically completely free trading sounds very odd, as opposed to E15 per trade for an ETF...anyone seen this before?
 
As you suspected the AMC is built into the underlying fund - similar to the Rabbodirect platform in Ireland. It appears to be a more expensive way of investing in managed funds.
 
And I would guess since you can invest in more than one fund, you will be charged the AMC on each one, which will also add up...
 
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