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How to invest in single stock futures

How to invest in single stock futures

How do I trade in Single Stock Futures?

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.

To place a trade for IDX, please contact our dealing desk on +27 (11) 996 5200 or email dealingdesk@psg.co.za for assistance.

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

Equity derivative contracts

Description Fee (excl. VAT)

Brokerage

0.4%

Market makers fees

0.1%

Booking fee (paid on the opening leg of the trade)

R52.63

Interest on long positions

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

Margin requirements

Initial Margin is calculated by the JSE and PSG will require 1.5 times JSE initial margin


Please note:

Index future contracts

  • R21.93 (excl. VAT) per ALSI contract traded
  • R4.39 (excl. VAT) per ALMI contract traded

Please note:

  • The funding/earning interest rate applicable to this product is determined by the JSE central order book.
  • Interest on cash balances in the account will be paid at the JSE Trustees rate.
  • Initial Margin are calculated by the JSE and PSG will require 1.5 times JSE initial margin.

International Single Stock Futures (IDX)

Description

Fee (excl. VAT)

Brokerage

0.4%

Market makers fees

0.2%

Booking fee (you pay only for the opening leg of all transactions, and only once per day per SSF)

R52.63

Interest on long positions

Interest payable on the SSF cost value would be determined daily by the market maker in relation to the ruling SAFEX rates


Please note:

  • Interest on cash balances in the account will be paid at the JSE Trustees rate.

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.
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