Foreign Exchange Transaction
The Group, through its associate company, has been appointed as a foreign exchange intermediary by the South African Reserve Bank. This enables us to assist in the exchange of forex for the following type of transactions at preferential rates:
- Individuals using their travel allowance of R1m or their offshore investment allowance of R10m
- Companies involved in the import and export of goods that receives or make payments in foreign currency. We can also provide Forward Cover with up to 1 year duration at a margin of 10%
- Individuals working ubroad and who wants to repatriate their funds.
- Funds use SA Derivatives for off-shore settlement of investments. We can also provide Forward Cover with up to 1 year duration at a margin of 10%
- Provide clear information indicating that we can dramatically undercut the banks in trading costs.
- Travel Card that can be funded directly from low cost trade done by us.
It’s like cash transport, but there are no transaction fees.
Interested in trading as an individual with us? Get started here