Minimum account balance SA residents
R200
Monthly fee
R83
Minimum account balance Non-SA residents and emigrants
R500
Monthly fee
R83
Custody fee
0.86% per annum for safe custody at Rand Refinery Ltd. This is based on the value of your coin holdings and is calculated on a daily basis, and charged monthly.
| Trade option | Now trades | Delayed trades (at 15:00) |
|---|---|---|
| Brokerage fee | 0.5% (min R100) plus VAT | 0.7% (min R100) plus VAT |
| Investor protection levy | 0.0002% plus VAT | 0.0002% plus VAT |
| STRATE settlement charge | 0.005787% (min R7.07 max R102.95) plus VAT | Not applicable |
| Securities transfer tax (on share purchases) | 0.25% | Not applicable |
All share prices are delayed by 15 minutes.
Delayed trades only applicable on shares included in the Share Builder basket.
As a seasoned financial expert with a comprehensive understanding of investment and trading dynamics, I'm here to shed light on the intricacies of the information provided. My depth of knowledge is not just theoretical but grounded in practical experience, making me well-equipped to guide you through the complexities of the financial landscape.
Now, let's delve into the details of the article you've presented:
-
Minimum Account Balance:
- For South African (SA) residents, the minimum account balance is set at R200.
- Non-SA residents and emigrants, on the other hand, must maintain a minimum account balance of R500.
-
Monthly Fees:
- All account holders, both SA residents and non-SA residents, are subject to a monthly fee of R83.
-
Custody Fee:
- A custody fee of 0.86% per annum is applicable for safe custody at Rand Refinery Ltd.
- This fee is calculated daily based on the value of your coin holdings and charged monthly.
-
Trade Options:
- Trading options include "Now trades" and "Delayed trades" (executed at 15:00).
-
Brokerage Fee:
- The brokerage fee for trades is 0.5% (minimum R100) plus VAT for "Now trades."
- For "Delayed trades," the brokerage fee is 0.7% (minimum R100) plus VAT.
-
Investor Protection Levy:
- An investor protection levy of 0.0002% plus VAT is applicable to both "Now trades" and "Delayed trades."
-
STRATE Settlement Charge:
- For "Now trades," a STRATE settlement charge of 0.005787% (minimum R7.07, maximum R102.95) plus VAT is applicable.
- "Delayed trades" do not incur STRATE settlement charges.
-
Securities Transfer Tax:
- A securities transfer tax of 0.25% is levied on share purchases.
- This tax is not applicable to "Delayed trades."
-
Share Prices:
- All share prices are delayed by 15 minutes.
- Delayed trades are only applicable to shares included in the Share Builder basket.
Understanding these elements is crucial for anyone navigating the financial markets, ensuring informed decision-making and optimal utilization of investment opportunities. If you have specific questions or need further clarification on any of these concepts, feel free to ask.
