Forex (FX) CFDs
Spreads from 0.6 pts on key pairs.
More on FX pricing
| Pair | Spread |
|---|---|
| USD/ZAR | 0.6 |
| EUR/ZAR | 0.6 |
Sharenet Sites 
Sharenet Sites
Opening an account is free, and our charges are competitive. Trade CFDs on FX pairs like USD/ZAR and EUR/ZAR, on indices like the South Africa 40 and FTSE 100, plus local and international shares like Standard Bank, Naspers and Apple.
Spreads from 0.6 pts on key pairs.
| Pair | Spread |
|---|---|
| USD/ZAR | 0.6 |
| EUR/ZAR | 0.6 |
Spreads from 1 pt on major indices.
| Index | Spread |
|---|---|
| SA40 | 1 |
| FTSE 100 | 1 |
Spreads from 0.3 pts on commodities.
| Commodity | Spread |
|---|---|
| Gold | 0.3 |
| Brent | 0.3 |
Commission-based pricing, no spread markup.
| Market | Commission | Min online | Min phone |
|---|---|---|---|
| South Africa | 0.20% | ZAR50 | ZAR50 |
| UK | 0.10% | £10 | £15 |
| US | 2c/share | $15 | $25 |
| Euro | 0.10% | €10 | €25 |
Competitive minimum deal sizes & spreads.
| Market | Min deal size | Spread |
|---|---|---|
| Bitcoin | 0.2 | 40 |
| Bitcoin Cash | 0.2 | 2.5 |
| Ethereum | 0.5 | 2 |
As the holder does not provide the full contract value a deposit needs to be paid to cover potential losses. This deposit varies but can be as low as 5% for some shares.
All corporate actions in the underlying instrument will be reflected. This includes dividends and share splits.
In the same way as there is a finance cost/benefit in holding an underlying instrument, this is also reflected in holding a CFD. Financing (interest) applies to positions that are held open overnight.
On long CFD positions your account will be debited (charged) interest in respect of each day that your position is held open, whereas your account will be credited with daily interest (i.e. you will receive interest) on open short CFD positions.
The rate of interest charged will depend on the notional value of the position, and the currency in which the trade is held. For share CFDs, we base the rate on SABOR and a premium of 2.5% calculated from this base depending on whether you are long or short. (The premium is added to the base rate to calculate interest charges on long positions, and subtracted from the base rate to calculate the rate of interest paid on short positions).
For non-standard local (e.g. SATOP40 micro and mini contracts), global indices and forex contracts, the overnight financing is also based on SABOR and a premium of 3% is calculated from this base depending on whether you are long or short. (The premium is added to the base rate to calculate interest charges on long positions, and subtracted from the base rate to calculate the rate of interest paid on short positions). Standard sized contracts however still enjoy the 2.5% premium.
Please note that an annualized administration fee of 0.5% will apply to all short positions on stocks. This is calculated on a daily basis and equates to approximately 0.001% on positions held overnight.
You will also earn interest on the cash surplus in your account which is calculated on a monthly basis (SABOR - 2%).
What is overnight funding? It's the daily interest adjustment applied when you keep cash CFD positions open past 10 pm. An interest adjustment reflects the cost of funding your position.
| Service | Charge | Notes |
|---|---|---|
| Direct Market Access (DMA) | No fee | Monthly exchange fee may apply for live DMA prices. |
| Live price data feeds | Monthly exchange fee | Exchange sets fee for live share prices. |
| Account documentation fee | $50 | Applies if W-8/W-9 not supplied before dividend ex-date on US stocks. |
| Currency conversion | 0.5% | When trading in a currency different from account base currency. |