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How to invest in contracts for difference

How to invest in contracts for difference

How do I trade in Contracts for Difference?

STEP ONE: Register online for a new trading account and PSG web profile.

STEP TWO: If you are a new client, send us your FICA documents. We will open your online trading account within 72 hours of receiving these.

STEP THREE: Log in to your account, using your username and password.

STEP FOUR: Choose your account and place an order through the 'New Order' screen.

What banking details do I use?

Login to access the banking details relevant to your account.

Please note that the banking details for South African residents are different to those for traders who do not live in South Africa and do not have a South African ID. In addition, please note that cheque deposits are not accepted on either of these accounts.

Direct client fees

Description Fee (excl. VAT)

Brokerage

0.4%

Interest on open positions

SAFEX +2% (usually equal to Prime -2%)

Script lending fees for short positions

1% per year, charged per day on which the position is open, with a minimum of R50 per position.

Margin requirements

Each new position opened needs to have a minimum cost value of R25 000 which requires the following margins:
Top 40 stocks
R3 750 (15%)
Top 41 - 100 stocks
R4 375 (17.5%)


Please note:

  • Interest on cash balances in the account will be paid at the JSE Trustees rate.
  • The margin required for opening a position is determined by PSG Wealth as a standard percentage of the value of the total position. Margin rates vary between 15% and 20%. The latest margin rates are available per share after you have logged in to our trading site.

ready to invest?

With more than 200 offices throughout South Africa and both a Namibian and Mauritian presence, quality advice is on your doorstep. Find an adviser or start trading by registering for our PSG Wealth trading and investment platform.
Copyright © PSG Konsult Ltd (1998-2019), All Rights Reserved. FAIS affiliates of the PSG Konsult Group are authorised financial services providers.