Costs and fees

Institutional commission charges and margin schedule

We believe in transparency and simplicity when it comes to costs. Our fee structure is designed to be clear, competitive, and aligned with your financial goals.

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*Commissions, custody, financing, and conversion charges will be covered in the Investment Management Agreement.

Admin

ADMIN Charges:
*VAT inclusive

Stock Transfer OUT
Onshore (domestic ZA): ZAR100 per line with a max of ZAR1000. Offshore: USD10 per line with a max of USD100.

This fee covers the cost of transfer as well as account closure, if applicable.

Account closure (account sitting in cash only)
Onshore (domestic ZA): ZAR100 Offshore: USD10

Currency conversion within DMA
50bps (0.50%). Funds paid to and converted at our Counterpart banks (Crown Agents Bank, HSBC) are subject to conversion costs much higher than the 0.50% executed through DMA. Please consult a DMA representative for further information.

Change opening/purchase prices
USD10 per line Splitting ISINs: 50 EUR

Interest

Interest earned or charged is based on your Net Free Equity (NFE) balance.

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How is NFE calculated:

Value-dated cash balance from your main account, adjusted for sub-account balances in the same currency.
Unrealised profits or losses from open CFDs, FX Forwards, and Futures across your main and sub-accounts in the same currency.
Market value of FX Options held in your main account and sub-accounts.
Margin deduction for financing open positions, regardless of sub-account currency.
Onshore interest on NFE:

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Offshore interest on NFE:

USD Fixed 1% p.a. (Accrued daily and booked monthly)GBP Floating (Please review account interest details in-platform)EUR Floating (Please review account interest details in-platform)

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Negative NFE balances

DMA always encourages clients to maintain a positive NFE balance in order to avoid negative interest. Cash can be moved between sub-accounts in-platform. If you require any assistance, please reach out to us.

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