Notice board

1. Migrating to a New Trading Platform

1.1 QuickTrade.World Proprietary Limited (as per your client agreement) has acquired a new trading platform and will be migrating all clients to the QuickTrade platform powered by Match-Trader.

2. Live Trading Account Setup

2.1 As part of this migration, clients are required to transfer any account funds to the new live trading accounts.

2.2 Clients must open a new live trading account by clicking the following link:
👉 https://platform.quicktrade.world

3. Client Agreement

The existing client agreement remains unchanged.

4. Migration Deadline

4.1 All accounts and funds must be transferred by 6 June 2025, allowing for a 30-day notice period from the date of this notice.

4.2 All open trading positions on the current platform (MT5) must be closed by 15 June 2025 to ensure a smooth transition.

5. Your Rights Under the CPA

5.1 You retain your rights under the CPA, including the right to decline the migration and cancel your service without penalty within the notice period. If you do not accept the platform migration, you may give 5 (five) Business Days’ written notice to cancel your current agreement and close your account. Please email notice to: hardus@quicktrade.co.za.

5.2 If no notice is received, you will be deemed to have accepted the use of the new platform, including the setup of a new account, the closing of current positions, and the transfer of funds. Your new login details will be emailed to you. The terms and conditions of the client agreement will remain in force.

5.2 QuickTrade remains an authorised Financial Services Provider under the Financial Advisory and Intermediary Services Act (FAIS), FSP No. 45262. All protections and client rights under the FAIS framework remain in effect.

6. Important Notes

6.1 This transition is part of our ongoing commitment to enhance your trading experience. Your funds and personal data will remain secure throughout the migration process.

6.2 Our support team is available Monday to Friday, 8:00 AM to 5:00 PM (SAST). Should you have any queries, please contact us via LiveChat on the trading platform or website, or email hardus@quicktrade.co.za.

Risk Warning Note: As a licensed FSP we may also market and sell financial products offered by foreign product suppliers. We may introduce you to foreign product suppliers and foreign over-the-counter derivatives providers (including third party companies or one or more of our group companies). The onus is on you to ensure that you comply with all applicable laws which may be applicable to you when purchasing foreign financial products or trading over-the-counter derivatives with foreign over-the-counter derivatives providers, including without limitation, the Exchange Control Regulations, 1961 made under the Currency and Exchanges Act, 1933.

Forex and CFDs are complex, leveraged products and you can lose substantially more than the amount of your original investment and margin payments. Forex and CFDs incur a high level of risk and may not be suitable for all investors. You must consider whether you can afford to take the risk of losing all your money and more. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand how CFDs work, what the risks involved are, and take into account your level of experience, financial situation and objectives. CFDs are not listed on any securities exchange. You trade directly with QuickTrade. You must read the QuickTrade Risk Disclosure Statement, Client Agreement and Legal Policies available on this website. You must seek independent advice if necessary.

QuickTrade (Pty) Ltd is an authorised Financial Services Provider (“FSP”) regulated by the Financial Sector Conduct Authority of South Africa, holding a Category I FAIS licence with FSP No. 45262 

In terms of its FAIS licence, QuickTrade is licenced to provide advice and intermediary services on an execution-only basis in respect of shares, derivative instruments, and warrants, certificates and other instruments. If we provide you with advice or intermediary services in respect of CFDs, the provisions of FAIS will apply. When we enter into CFDs with you, we do so in our capacity as an authorised ODP, on a principal-to-principal basis, and therefore the Financial Markets Act, 2012 (“FMA”) will apply. 

Before trading CFDs you should be aware of the tax consequences. You must consult your lawyer, accountant or other tax advisor in this regard. If you open an international account with us, you must provide a tax clearance certificate. All your international trading will be subject to the Exchange Control Regulations, 1961 published under the Currency and Exchanges Act, 1933 which impose strict foreign investment allowances on you.

This website is directed only at residents of the Republic of South Africa.

Leverage increases the risks and rewards of trading. 

In essence, the larger your account balance, the larger the risks and rewards become on a trade. 

These Leverage levels are set to safeguard client assets and ensure that QuickTrade (Pty) Ltd, and its clients are not exposed to excessive risk. For this reason, we have decided to adjust our leverage levels. 

Our Leverage levels will be adjusted as follows: 

Account Balance R 0 to R 39 999 = Leverage of 500:1 

Account Balance R 40 000 and more = Leverage of 100:1 

Conclusion 

Having regard to the above mentioned changes, we wish to inform you that the new Leverage levels will take effect 1 (one) Business Days after the date on which they are sent to you and/or published on the QuickTrade (Pty) Ltd Website (23/08/2022) (“effective date”) and that, after the effective date, your Transactions will be governed by these Leverage levels.

 If you are not in agreement with these Leverage levels, you may give us 5 (Five) business days written notice to cancel the current Client Agreement and discontinue using our services by sending an email to hello@quicktrade.co.za which notice must be received by us on or before the effective date. You must then close out your Transactions during the 5 (Five) Business Day notice period and you will not be allowed to enter into any new Transactions during the notice period. 

If you do not give notice to cancel the current Client Agreement and close your Account on or before the effective date, then you are deemed to have accepted the new Leverage levels and if you continue to enter into Transactions using the Trading Platform after the effective date you agree to these new Leverage levels. 

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1 CLOSE-OUT OF JSE EQUITIES CFD POSITIONS 

1.1 FROM 31 MARCH 2022, CFDS ON EQUITIES LISTED ON THE JSE LIMITED (“JSE EQUITIES CFD”) WILL NO LONGER BE AVAILABLE ON THE TRADING PLATFORM. YOU MUST THEREFORE CLOSE-OUT ALL OF YOUR OPEN JSE EQUITIES CFD POSITIONS BEFORE 13H00 ON 31 MARCH 2022, FAILING WHICH WE WILL AUTOMATICALLY CLOSE-OUT YOUR OPEN JSE EQUITIES CFD POSITIONS FOR YOU. ANY PROFITS ACCRUING TO YOU WILL BE PAID INTO YOUR ACCOUNT AND YOU WILL BE LIABLE TO PAY US FOR ANY LOSSES INCURRED FOLLOWING THE CLOSE-OUT OF YOUR JSE EQUITIES CFD POSITIONS. 

2 AMENDMENTS TO CLIENT AGREEMENT AND LEGAL POLICIES 

2.1 OUR CLIENT AGREEMENT HAS BEEN AMENDED IN TERMS OF CLAUSE 1.1.55 OF THE CLIENT AGREEMENT. OUR LEGAL POLICIES HAVE BEEN AMENDED IN TERMS OF CLAUSE 1.1.27 OF THE CLIENT AGREEMENT. THIS NOTICE CONTAINS A SUMMARY OF THE LATEST CHANGES TO THE CLIENT AGREEMENT AND LEGAL POLICIES (“NOTICE”). THE NEW CLIENT AGREEMENT AND NEW LEGAL POLICIES (“NEW AGREEMENT”) WILL BE SENT TO YOU AND PUBLISHED ON THE WEBSITE, AND WILL TAKE EFFECT ON 31 MARCH 2022 (“EFFECTIVE DATE”). FROM THE EFFECTIVE DATE, OUR RELATIONSHIP AND YOUR TRANSACTIONS WILL BE GOVERNED BY THIS NEW AGREEMENT. 

2.2 CAPITALISED TERMS USED BUT NOT DEFINED IN THIS NOTICE HAVE THE SAME MEANING GIVEN TO THOSE TERMS IN THE CLIENT AGREEMENT AS READ WITH THE LEGAL POLICIES. 

3 SUMMARY OF MATERIAL AMENDMENTS TO THE CLIENT AGREEMENT 

3.1 CFDS ON JSE EQUITIES WILL NO LONGER BE AVAILABLE ON THE TRADING PLATFORM. OUR CLIENT AGREEMENT HAS BEEN AMENDED IN TERMS OF CLAUSE 1.1.55 OF THE CLIENT AGREEMENT. 

3.2 THE DEFINITION OF “LEGAL POLICIES” AT CLAUSE 1.1.27 OF THE CLIENT AGREEMENT HAS BEEN REPLACED WITH THE FOLLOWING “ 

 “LEGAL POLICIES” MEANS THE CONTRACTUALLY BINDING LEGAL POLICIES AND PROCEDURES PUBLISHED ON OUR WEBSITE, PORTAL AND/OR THE TRADING PLATFORM AS MAY BE AMENDED FROM TIME TO TIME, WHICH LEGAL POLICIES SUPPLEMENT AND FORM PART OF THIS AGREEMENT, INCLUDING WITHOUT LIMITATION, THE POLICIES TITLED CLIENT COMPLAINT POLICY, COOKIE POLICY, DATA RETENTION, STORAGE AND DISPOSAL POLICY, DISCLAIMER, FAIS DISCLOSURE, FICA DOCUMENTS (INDIVIDUAL), QUICKTRADE INTERMEDIARY DISCLOSURE, INTRODUCING BROKER AGREEMENT, PRIVACY POLICY, PAIA MANUAL, RISK DISCLOSURE STATEMENT, WEBSITE TERMS AND PRIVACY POLICY, RISK DISCLOSURE STATEMENT, SIGNALS DISCLAIMER, SUMMARY FEE SCHEDULE, WEBSITE DISCLAIMER, VALUATION POLICY OR ANY OTHER POLICY WHICH MAY BE PUBLISHED ON OUR WEBSITE, PORTAL AND/OR THE TRADING PLATFORM FROM TIME TO TIME; ” 

4 SUMMARY OF MATERIAL AMENDMENTS MADE TO THE LEGAL POLICIES

5 ACCEPTANCE 

5.1 If you are not in agreement with the New Agreement, you may give us 10 (ten) Business Days written notice to cancel the current Client Agreement and discontinue using our services by sending an email to hardus@quicktrade.co.za which notice must be received by us on or before the effective date. 

5.2 If you do not give notice to cancel the New Agreement and close your Account on or before the effective date, then you are deemed to have accepted the New Agreement and if you continue to enter into Transactions using the Trading Platform after the effective date you are deemed to have accepted and will be bound by the terms and conditions of the New Agreement. 

5.3 If you have any queries please feel free to contact us at hardus@quicktrade.co.za or via the Trading Platform.

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1 AMENDMENTS TO CLIENT AGREEMENT AND LEGAL POLICIES

 1.1 Our Client Agreement and Legal Policies have been amended in terms of clause 34 of the Client Agreement. This notice contains a summary of the latest changes to the Client Agreement and Legal Policies (“Notice”). The new Client Agreement and new Legal Policies (“New Agreement”) will be sent to you and published on the Website, and will take effect 10 (ten) business days after the date on which they are delivered to you and/or published on the Website (10 August 2022) (“effective date”). From the effective date, our relationship and your Transactions will be governed by this New Agreement.

1.2 Capitalised terms used but not defined in this Notice have the same meaning given to those terms in the Client Agreement as read with the Legal Policies.

2 SUMMARY OF MATERIAL AMENDMENTS TO THE CLIENT AGREEMENT AND LEGAL POLICIES 

2.1 QuickTrade is now licensed by the Financial Sector Conduct Authority to act as an authorised over-the-counter derivatives provider (“ODP”) under the Financial Markets Act, 2012 (“FMA”). We have had to make changes to the Client Agreement in order to comply with the requirements imposed on us under the FMA and the ODP Code of Conduct. The material changes are summarised below:

(1) Our ODP licence: We have made changes to clause 2.3 and 2.4 of the Client Agreement to incorporate references to our ODP licence.

(2) Questionnaire: You must now complete an Appropriateness and Suitability Questionnaire in accordance with clause 7.4 of the Agreement. This is required by section 5 of the ODP Code of Conduct.

(3) Client categorisation: At clause 2.5 of the Client Agreement you are categorised as a “client” for purposes of section 4 of the ODP Code of Conduct.

(4) Risk warnings: At clause 3.5 and clause 4.1 of the Client Agreement we have made additional risk disclosures that OTC CFDs may not be appropriate for you. This is required by section 5 of the ODP Code of Conduct.

(5) Payment clearing delays: At clause 9.7 of the Client Agreement we have confirmed that you may only Trade once your payment of the Margin Requirement has been deposited and cleared into our bank account, and thereafter credited to your Account.

(6) Valuation Policy: We are required to detail the process for determining the value of each OTC Trade at any time from execution to the termination, maturity, or expiration of such Trade, including whether the valuation will be based on market value, our own internal model of valuation or one provided by independent third parties. This is to comply with section 7(f) of the ODP Code of Conduct. Our new valuation process is set out in detail in the Valuation Policy published on our Website.

(7) Spreads and Commissions: At clause 16.1 and 16.3 of the Client Agreement we explain the basis of calculation of the spreads and commissions we charge you as required by section 6(f) of the ODP Code of Conduct. These calculations are set out in the Tradeable Instruments Schedule published on the Website, as amended in our sole discretion.from time to time.

(8) Fees and Charges: At clause 16.2 and 16.3 of the Client Agreement we explain the basis of calculation of the fees, charges and expenses we charge you as required by section 6(f) of the Code of Conduct. These calculations are set out in the Summary Fee Schedule published on the Website, as amended in our sole discretion from time to time.

(9) Trade Reporting: At clause 17 of the Client Agreement we disclose to you that we may be required in terms of section 7(f) of the ODP Code of Conduct to report information about your Trades to a licensed Trade Repository and you grant your consent to such reporting. 

2.2 In order to comply with our obligations under the Protection of Personal Information Act, 2013 (“POPIA”), we have made certain changes to our Client Agreement and the Legal Policies. The material changes are summarised below:

(1) Data Retention and Privacy: At clause 40.4 of the Client Agreement you give consent that we may use your Personal Information for various purposes, including for marketing our services to you via electronic communications such as email and text messages. At clause 40.5 Client Agreement you agree that we may disclose your Personal Information to third parties and regulatory bodies in order to comply with applicable laws. At clause 40.6 Client Agreement you agree that your Personal Information and special personal information (as defined in POPIA) may be transferred and used in countries outside of the Republic of South Africa, including without limitation, Botswana.

(2) Privacy Policy, Website Terms and Privacy Policy, and the Manual under the Promotion of Access to Information Act, 2000 (“PAIA Manual”): These Legal Policies have also been updated to align with POPIA.

2.3 In order to comply with the Financial Intelligence Centre Act, 2001 (“FICA”), we have made certain changes to the Client Agreement. The material changes are summarised below:

(1) Withdrawal requests: At clause 23.4.1 and clause 43.1 of the Client Agreement we have stipulated that if you do not provide the required information, documentation or other particulars which we request to process a withdrawal request, we will not be obliged to process the withdrawal. This ensures that we are able to meet our ongoing due diligence obligations under FICA, amongst other things.

(2) Uploading FICA documents: At clause 43.4 of the Client Agreement we explain how you may contact us or seek the support of our FICA team and Technical Support Consultants to assist you with the FICA process.

2.4 New definitions have, where necessary, been inserted at clause 1.1 of the Client Agreement in order to give effect to the amendments set out in paragraphs 2.1 to 2.3 of this Notice.

3 SUMMARY OF MATERIAL AMENDMENTS MADE TO THE INTRODUCING BROKER AGREEMENT 

3.1 The referral fees we pay you as an Introducing Broker are now calculated in accordance with the Commission Rules of the IB Campaign assigned to you, as published on the Portal. The material amendments to the Introducing Broker Agreement are summarised as follows:

(1) Referral fees: At clause 5, as read together with clauses 2.4, 2.7 and 2.20 of the Introducing Broker Agreement, we explain that the referral fees are now calculated in accordance with the formula set out in the Commission Rules of the IB Campaign assigned to you as published on the Portal, as may be amended in our sole discretion from time to time. 

(2) Annexure A: Annexure A to the Introducing Broker Agreement has been deleted. 

3.2 New definitions have, where necessary, been inserted at clause 2 of the Introducing Broker Agreement in order to give effect to the amendments set out in paragraph 3.1 of this Notice. 

4 ACCEPTANCE 

4.1 If you are not in agreement with the New Agreement, you may give us 10 (ten) Business Days written notice to cancel the current Client Agreement and discontinue using our services by sending an email to hardus@quicktrade.co.za which notice must be received by us on or before the effective date. 

4.2 If you do not give notice to cancel the New Agreement and close your Account on or before the effective date, then you are deemed to have accepted the New Agreement and if you continue to enter into Transactions and use the Trading Platform after the effective date you are deemed to have accepted and will be bound by the terms and conditions of the New Agreement. 

4.3 If you have any queries please feel free to contact us at hardus@quicktrade.co.za or via the Trading Platform.

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 Leverage increases the risks and rewards of trading. 

In essence, the larger your account balance, the larger the risks and rewards become on a trade. 

These Leverage levels are set to safeguard client assets and ensure that QuickTrade (Pty) Ltd, its Liquidity Providers and its clients are not exposed to excessive risk. 

For this reason, we have decided to adjust our leverage levels. 

Our Leverage levels will be adjusted as follows 

Account Balance R 0 to R 49 999 = Leverage of 500:1 

Account Balance R 50 000 and more = Leverage of 100:1 

Conclusion 

Having regard to the above mentioned changes, we wish to inform you that the new Leverage levels will take effect 1 (one) Business Days after the date on which they are sent to you and/or published on the QuickTrade (Pty) Ltd Website (31/08/2021) (“effective date”) and that, after the effective date, your Transactions will be governed by these Leverage levels. 

If you are not in agreement with these Leverage levels, you may give us 5 (Five) Business Day written notice to cancel the current Client Agreement and discontinue using our services by sending an email to hello@quicktrade.co.za which notice must be received by us on or before the effective date. You must then close out your Transactions during the 5 (Five) Business Day notice period and you will not be allowed to enter into any new Transactions during the notice period. 

If you do not give notice to cancel the current Client Agreement and close your Account on or before the effective date, then you are deemed to have accepted the new Leverage levels and if you continue to enter into Transactions using the Trading Platform after the effective date you agree to these new Leverage levels.

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