The Onshore Account provides access to both the JSE and International markets from one account. Uniquely, clients can trade a wide range of asset classes from a single ZAR account including:
Shares & ETFs
- International Exchanges
Single Stock CFDs
- International Exchanges
- Single Stock CFDs
Notably clients can gain immediate access to global shares without the need to utilise their individual allowance, and can hold positions across all markets in one single ZAR account.
South African Markets
|Instrument Group||Trade Charge||Margin Rate||Minimum Trade Charge|
|Top 40 Shares *||0.30% Commission||N/A||R150.00 Commission|
|Outside Top 40 Shares *||0.30% Commission||N/A||R150.00 Commission|
|ALSI-CFD ** (CFD)||R20.00 per contract||6 - 8%||No Min Fee|
|ALMI-CFD ** (CFD)||R10.00 per contract||6 - 8%||No Min Fee|
|Top 40 Shares *** (CFD)||0.20% CFD Premium||5 - 25%||R50.00 CFD Premium|
|Outside Top 40 *** (CFD)||0.20% CFD Premium||5 - 25%||R50.00 CFD Premium|
* Excludes Strate and FSP Levy, excludes Securities Transfer Tax (STT) and VAT
** Includes VAT, Clearing and Settlement
*** Includes Strate and FSP Levy
Shares and ETFs
|Market||Exchange||Symbol||Commission||Minimum Trade Fee|
|Us||New York Stock Exchange||NYSE and ARCA||USD 0.03 per share||USD 20.00|
|Us||NASDAQ||NASDAQ and NSC||USD 0.03 per share||USD 20.00|
|UK||London Stock Exchange||LSE_SETS||0.35%||GBP 10.00|
|Austria||Vienna Stock Exchange||VIE||0.35%||EUR 15.00|
|Belgium||NYSE Euronext Brussels||BRU||0.35%||EUR 15.00|
|Denmark||NASDAQ OMX Copenhagen||CSE||0.35%||DKK 125.00|
|Finland||NASDAQ OMX Helsinki||HSE||0.35%||EUR 15.00|
|France||NYSE Euronext Paris||PAR||0.35%||EUR 15.00|
|Germany||Deutsche Borse (Xetra)||DAX||0.35%||EUR 15.00|
|Italy||Milan Stock Exchange||MIL||0.35%||EUR 15.00|
|Netherlands||NYSE Euronext Amsterdam (AEX)||AMS||0.35%||EUR 15.00|
|Norway||Oslo Stock Exchange||OSE||0.35%||NOK 125.00|
|Portugal||NYSE Euronext Lisbon||LISB||0.35%||EUR 15.00|
|Spain||BME Spanish Exchanges||SIBE||0.35%||EUR 15.00|
|Sweden||NASDAQ OMX Stockholm||SSE||0.35%||SEK 125.00|
|Switzerland||SIX Swiss Exchange||SWX and VX||0.35%||CHF 25.00|
|Equity CFDs||CFD Premium||Margin Rate||Minimum Premium|
|US Stocks||3 cents per share||5.00%||USD 10.00|
|UK Stocks||0.15%||5.00%||GBP 10.00|
|Belgium Stocks||0.15%||5.00%||EUR 10.00|
|Denmark Stocks||0.15%||5.00%||DKK 100.00|
|Finland Stocks||0.15%||5.00%||EUR 10.00|
|France Stocks||0.15%||5.00%||EUR 10.00|
|Germany Stocks||0.15%||5.00%||EUR 10.00|
|Ireland Stocks||0.15%||5.00%||EUR 10.00|
|Italy Stocks||0.15%||5.00%||EUR 10.00|
|Netherlands Stocks||0.15%||5.00%||EUR 10.00|
|Norway Stocks||0.15%||5.00%||NOK 100|
|Portugal Stocks||0.15%||5.00%||EUR 10.00|
|Spain Stocks||0.15%||5.00%||EUR 10.00|
|Sweden Stocks||0.15%||5.00%||SEK 100.00|
|Switzerland Stocks||0.15%||5.00%||CHF 20.00|
|Index CFDs||Margin Rate||Spread|
|US30 (DJIA)||1.00 %||2|
|US500 (S&P)||1.00 %||1|
|USTEC (Nasdaq)||1.00 %||3|
|US2000 (Russell)||1.00 %||2|
|UK100 (FTSE 100)||1.00 %||2|
|UK250 (FTSE 250)||1.00 %||44|
|STOXX50 (EuroStoxx)||1.00 %||2.5|
|DE30 (DAX)||1.00 %||2.5|
|FR40 (CAC)||1.00 %||3|
|AUS200 (ASX)||1.00 %||2|
|Commodity CFDs||Margin Rate||Spread|
* Important information regarding the trading of BRENT and WTI:
BRENT and WTI CFD instruments are futures contracts that expire on a monthly basis. Clients holding these instruments on expiry dates will have their positions rolled over into the new contracts.
New contracts have different prices from the expired contracts they are replacing. Clients holding the CFD will therefore experience a shift in their positions’ value at the time of the roll relative to the difference in contract value. These positions will then be readjusted accordingly to their natural pre-expiry value within 24 hours of contract renewal via an adjustment of the account cash balance.
|FX (Most Traded)||Margin Rate||Spread|
|EUR / ZAR||1.00%||70|
|USD / ZAR||1.00%||40|
|AUD / USD||1.00%||3|
|EUR / AUD||1.00%||2|
|EUR / GBP||1.00%||22|
|EUR / USD||1.00%||3|
|GBP / USD||1.00%||3|
Note: Non-equity instrument spreads are affected by market liquidity which varies throughout market trading hours.
|Fee or Tax Type||Cost|
0.005787% (excluding VAT) based on the value of the share transaction:
This fee is for the electronic settlement of your share transactions through STRATE, the electronic settlement authority.
|FSB Investor Protection Levy||
0.0002% (excluding VAT) on all trades (excluding international markets)
0.10% per annum (excluding VAT) levied monthly on an account by account basis:
|SAFEX & Clearing||
SAFEX fees are based on a percentage of the closing price of the Index future. Trade fees quoted are ALL inclusive of commissions, VAT and SAFEX and Clearing fees.
£1 per trade (Only applicable on trades over £10 000 pounds for shares listed on the London Stock Exchange)
*A charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of £10 000. The money raised goes to the Panel of Takeovers and Mergers. The Panel writes and enforces the rules by which takeovers of companies listed on the London Stock Exchange are conducted.
Clients are required to nominate the market data types they require when completing an online application form. This can be adjusted at any time on request.
|Variable Fees||Cost (ex. VAT)||Frequency||Notes|
International StocksLive Level 1 – Non-Professional End User
JSELive Level 1 – Non-Professional End User
International StocksLive Level 1 – Professional End User
JSELive Level 1 – Professional End User
* Fee is subject to change based on variations in the USD/ZAR exchange rate.
JSE Policies can be found on the JSE website.
|Service||Fee (ex VAT)||Description|
Per real-time withdrawal
|Outward Portfolio Transfers (‘Exit Fee’)||
- R 50 for JSE Stocks
- USD 30.00 for US Stocks
- USD 60.00 for Other Stocks
The fee incurred per share holding to transfer to another broker.
Maximum Fee Limits:
|Transfer of Ownership||
R 100 for JSE Stocks USD 25.00 per share holding
Change of beneficial ownership of shares
|Interest on Account Equity||
Base Rate less 2.00%
The interest earned on funds in your account.
Note: In the event that a negative Net Free Equity and/or Account Value balance occurs interest will be charged at a rate equal to the Base Rate plus 5% per annum.
|Foreign Investment Facility||
0.50% per annum
A fee of 0.50% per annum is charged on the use of Velocity Trade’s Foreign Investment Facility (sometimes referred to as ‘Asset Swap’).
A daily Wire Fee is charged in relation to the settlement of payments to and from your trading account where a currency conversion occurs.
Daily FX Spot rate
A daily FX Translation adjustment is applied to the settlement of payments to and from your trading account where a currency conversion occurs.
Note: Fees quoted in USD or foreign currency will be converted into ZAR at the prevailing USD/ZAR exchange rate and charged to the account in ZAR.
Income from Securities is credited net of any applicable statutory withholding taxes.
- Investors benefit from a reduction in US withholding tax from 30% to 15% on dividends earned from US shares.
- There is no withholding tax on UK shares.
Velocity Trade provides annual tax summaries. For any tax considerations, please consult your financial advisor or tax consultant.
SARS permits an annual foreign investment allowance of R10 million for individuals, and an annual discretionary allowance of R1 million per year. The latter does not require a tax clearance certificate.
If you have reached your individual limit for the year then you can make use of Velocity Trade’s institutional foreign investment allowance.
If you keep a Cash CFD position open overnight (after 10pm GMT), we will make an interest adjustment to your account to reflect the cost of funding your position. The interest adjustment is based on the interbank funding rates. We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 3.00%*.
For nearly all our markets, this is calculated in the same way for CFDs. For Forex, the funding cost is calculated differently as explained below.
Daily Funded CFDs
|Long Positions||Short Positions|
We charge 3.00%* above the relevant interbank rate, e.g. SAFEY.
For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 3.50% (annualised).
You receive the relevant interbank rate, minus 3.00%*.
For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 2.50% (annualised).
* 3.50% on international CFD contracts
For CFD Forex positions, we apply an adjustment overnight, which reflects the interest rate differential between the two currencies.